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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities attributable to continuing operations:      
Net earnings $ 276,554 $ 221,609 $ 566,527
Add back: (earnings) loss from discontinued operations, net of tax (509) 366,070 (49,187)
Net earnings from continuing operations 276,045 587,679 517,340
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:      
Stock-based compensation expense 146,816 102,268 89,724
Depreciation 41,402 41,271 34,355
Amortization of intangibles 28,559 7,525 8,727
Deferred income taxes (57,969) 15,384 (12,753)
Other adjustments, net 27,690 27,281 13,561
Changes in assets and liabilities      
Accounts receivable (34,021) (24,213) (17,861)
Other assets 1,743 (33,224) (24,162)
Accounts payable and other liabilities 458,757 24,155 33,741
Income taxes payable and receivable (2,854) 16,913 (4,161)
Deferred revenue 26,331 23,513 9,478
Net cash provided by operating activities attributable to continuing operations 912,499 788,552 647,989
Cash flows from investing activities attributable to continuing operations:      
Acquisitions, net of cash (859,905) 0 (3,759)
Capital expenditures (79,971) (42,376) (39,035)
Purchases of investments 0 (9,115) 0
Net cash distribution related to Separation of IAC 0 (3,870,550) 0
Other, net 51 (90) 1,064
Net cash used in investing activities attributable to continuing operations (939,825) (3,922,131) (41,730)
Cash flows from financing activities attributable to continuing operations:      
Borrowings under the Credit Facility 0 20,000 40,000
Proceeds from Senior Notes offerings 500,000 1,000,000 350,000
Proceeds from Exchangeable Senior Notes offerings 0 0 1,150,000
Principal payment on Senior Notes 0 (400,000) 0
Principal payments on Credit Facility 0 (20,000) (300,000)
Payments to settle exchangeable notes (630,658) 0 0
Purchase of exchangeable note hedges 0 0 (303,428)
Proceeds from issuance of warrants 0 0 166,520
Proceeds from the settlement of exchangeable note hedges 1,089,592 0 0
Payments to settle warrants related to exchangeable notes (882,187) 0 0
Debt issuance costs (7,124) (13,517) (27,815)
Purchase of Former Match Group treasury stock 0 (132,868) (216,353)
Proceeds from stock offering 0 1,421,801 0
Proceeds from issuance of common stock pursuant to stock-based awards 58,424 155,402 0
Withholding taxes paid on behalf of employees on net settled stock-based awards (15,726) (211,958) (203,177)
Purchase of noncontrolling interests (1,473) (15,827) (1,650)
Other, net 258 (15,187) (73)
Net cash provided by financing activities attributable to continuing operations 111,106 1,787,846 654,024
Total cash provided by (used in) continuing operations 83,780 (1,345,733) 1,260,283
Net cash provided by operating activities attributable to discontinued operations 0 13,630 289,949
Net cash used in investing activities attributable to discontinued operations 0 (963,420) (287,798)
Net cash used in financing activities attributable to discontinued operations 0 (110,959) (254,193)
Total cash used in discontinued operations 0 (1,060,749) (252,042)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (7,570) 5,426 (1,568)
Net increase (decrease) in cash, cash equivalents, and restricted cash 76,210 (2,401,056) 1,006,673
Cash, cash equivalents, and restricted cash at beginning of period 739,302 3,140,358 2,133,685
Cash, cash equivalents, and restricted cash at end of period $ 815,512 $ 739,302 $ 3,140,358