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[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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|
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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99.1
|
Excerpts from Preliminary Offering Memorandum, dated November 12, 2013
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99.2
|
Press Release of IAC/InterActiveCorp, dated November 12, 2013
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99.1
|
Excerpts from Preliminary Offering Memorandum, dated November 12, 2013
|
99.2
|
Press Release of IAC/InterActiveCorp, dated November 12, 2013
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Nine months ended
September 30,
|
Years ended
December 31,
|
||||
2013
|
2012
|
2012
|
2011
|
2010
|
|
(Dollars in thousands)
|
|||||
Adjusted EBITDA(1)
|
$448,226
|
$359,080
|
$497,445
|
$365,126
|
$253,476
|
(1)
|
While Adjusted EBITDA is frequently used as a measure of operating performance, it is not necessarily compatible to other similarly titled captions of other companies due to potential inconsistencies in the method of calculation. Adjusted EBITDA should not be considered as a substitute for, nor superior to, GAAP measures. We present a reconciliation of Adjusted EBITDA to operating income below.
|
Nine months ended September 30,
|
Years ended December 31,
|
||||
2013
|
2012
|
2012
|
2011
|
2010
|
|
(In thousands)
|
|||||
Adjusted EBITDA
|
$448,226
|
$359,080
|
$497,445
|
$365,126
|
$253,476
|
Less: Non-cash compensation expense
|
(38,848)
|
(65,258)
|
(85,625)
|
(88,588)
|
(84,280)
|
Less: Depreciation
|
(44,541)
|
(37,490)
|
(52,481)
|
(56,719)
|
(63,897)
|
Less: Amortization and impairment of intangibles
|
(45,247)
|
(18,058)
|
(35,771)
|
(22,057)
|
(27,472)
|
Less: Acquisition-related contingent consideration fair value adjustment
|
(6,339)
|
—
|
—
|
—
|
—
|
Less: Goodwill impairment
|
—
|
—
|
—
|
—
|
(28,032)
|
Operating income
|
$313,251
|
$238,274
|
$323,568
|
$197,762
|
$ 49,795
|