CONSOLIDATED FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

CONSOLIDATED FINANCIAL STATEMENT DETAILS

NOTE 16—CONSOLIDATED FINANCIAL STATEMENT DETAILS

	December 31,
	2023		2022
	(In thousands)
Other current assets:
Prepaid expenses	$	46,433	$	45,089
Capitalized mobile app fees	33,122		38,185
Other	24,468		26,053
Other current assets	$	104,023	$	109,327

	December 31,
	2023		2022
	(In thousands)
Property and equipment, net:
Computer equipment and capitalized software	$	275,398	$	180,410
Buildings and building improvements	67,019		67,139
Leasehold improvements	53,163		45,371
Land	11,565		11,565
Furniture and other equipment	17,148		20,861
Projects in progress	19,455		49,199
	443,748		374,545
Accumulated depreciation and amortization	(249,223)		(198,409)
Property and equipment, net	$	194,525	$	176,136

	December 31,
	2023		2022
	(In thousands)
Accrued expenses and other current liabilities:
Accrued employee compensation and benefits	$	103,336	$	90,098
Accrued advertising expense	59,639		49,509
Accrued non-income taxes	34,216		38,017
Accrued interest expense	30,184		30,148
Other	79,924		82,165
Accrued expenses and other current liabilities	$	307,299	$	289,937

	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Other income (expense), net	$	19,772	$	8,033	$	(465,038)

Other income, net, in 2023 includes interest income of $26.8 million, partially offset by $7.9 million in net foreign currency losses.

Other income, net, in 2022 includes interest income of $4.4 million, gains of $3.5 million related to finalization of a legal settlement, and gains of $2.7 million related to mark-to-market adjustments pertaining to liability classified equity instruments; partially offset by $2.0 million in net foreign currency losses.

Other expense, net, in 2021 includes a $441.0 million loss related to the former Tinder employee litigation settlement, a $14.6 million loss related to the changes in fair value of an embedded derivative arising from the repurchase of a portion of the 2022 Exchangeable Notes, a $5.2 million inducement expense arising from the repurchased 2022 Exchangeable Notes, and $1.8 million in net foreign currency losses; partially offset by $2.4 million of gains on the net settlement of the note hedges and warrants.

Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:

	December 31,
	2023		2022		2021		2020
	(In thousands)
Cash and cash equivalents	$	862,440	$	572,395	$	815,384	$	739,164
Restricted cash included in other current assets	—		121		128		138
Total cash, cash equivalents, and restricted cash as shown on the consolidated statement of cash flow	$	862,440	$	572,516	$	815,512	$	739,302

Supplemental Disclosures of Cash Flow Information

	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Cash paid (received) during the year for:
Interest	$	152,481	$	138,045	$	117,528
Income tax payments	$	110,428	$	60,026	$	54,766
Income tax refunds	$	(8,394)	$	(13,658)	$	(13,840)
Noncash issuance of common stock for the acquisition of Hyperconnect	$	—	$	—	$	890,851