v2.4.0.6

CONSOLIDATED FINANCIAL STATEMENT DETAILS | 12 Months Ended
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Dec. 31, 2011
CONSOLIDATED FINANCIAL STATEMENT DETAILS |
CONSOLIDATED FINANCIAL STATEMENT DETAILS |
NOTE 3—CONSOLIDATED FINANCIAL STATEMENT DETAILS Other current assets
|  | December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |
|  | (In thousands) |
Deferred income taxes |  | $ | 41,045 |  | $ | 34,921 |
Prepaid expenses |  |  | 19,769 |  |  | 14,560 |
Capitalized downloadable search toolbar costs, net |  |  | 17,704 |  |  | 15,804 |
Income taxes receivable |  |  | 7,728 |  |  | 19,831 |
Other |  |  | 26,009 |  |  | 33,192 |
Other current assets |  | $ | 112,255 |  | $ | 118,308 |
Property and equipment, net
|  | December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |
|  | (In thousands) |
Buildings and leasehold improvements |  | $ | 235,737 |  | $ | 234,328 |
Computer equipment and capitalized software |  |  | 186,016 |  |  | 183,055 |
Furniture and other equipment |  |  | 43,156 |  |  | 41,930 |
Projects in progress |  |  | 7,643 |  |  | 2,944 |
Land |  |  | 5,117 |  |  | 5,117 |
|  |  | 477,669 |  |  | 467,374 |
Less: accumulated depreciation and amortization |  |  | (218,081 | ) |  | (199,446 | )
Property and equipment, net |  | $ | 259,588 |  | $ | 267,928 |
Other non-current assets
|  | December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |
|  | (In thousands) |
Income taxes receivable |  | $ | 58,870 |  | $ | 56,675 |
Other |  |  | 21,891 |  |  | 25,233 |
Other non-current assets |  | $ | 80,761 |  | $ | 81,908 |
Accrued expenses and other current liabilities
|  | December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |
|  | (In thousands) |
Accrued employee compensation and benefits |  | $ | 83,692 |  | $ | 56,878 |
Accrued revenue share expense |  |  | 80,434 |  |  | 58,097 |
Accrued advertising expense |  |  | 68,782 |  |  | 43,418 |
Other |  |  | 110,582 |  |  | 63,930 |
Accrued expenses and other current liabilities |  | $ | 343,490 |  | $ | 222,323 |
Redeemable noncontrolling interests
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |  | 2009 |
|  | (In thousands) |
Balance at January 1 |  | $ | 59,869 |  | $ | 28,180 |  | $ | 22,771 |
Noncontrolling interests related to acquisition of Meetic |  |  | 36,656 |  |  | — |  |  | — |
Noncontrolling interests related to the acquisition of a business contributed to a consolidated Latin American venture |  |  | — |  |  | 20,250 |  |  | — |
Noncontrolling interests created by a decrease in the ownership of a subsidiary contributed to a consolidated Latin American venture |  |  | — |  |  | 15,750 |  |  | — |
Noncontrolling interests related to other acquisitions |  |  | — |  |  | 3,333 |  |  | 3,561 |
Decrease in redeemable noncontrolling interests in a consolidated Latin American venture resulting from the acquisition of Meetic |  |  | (37,917 | ) |  | — |  |  | — |
Purchase of noncontrolling interests |  |  | (5,779 | ) |  | — |  |  | (216 | )
Distribution to owners of noncontrolling interests |  |  | (1,755 | ) |  | — |  |  | — |
Contribution from owners of noncontrolling interests |  |  | 199 |  |  | 79 |  |  | 1,750 |
Net loss attributable to noncontrolling interests |  |  | (239 | ) |  | (5,007 | ) |  | (1,090 | )
Change in fair value of redeemable noncontrolling interests |  |  | 4,273 |  |  | (2,059 | ) |  | 1,033 |
Change in foreign currency translation adjustment |  |  | (2,968 | ) |  | (267 | ) |  | 371 |
Other |  |  | (1,990 | ) |  | (390 | ) |  | — |
Balance at December 31 |  | $ | 50,349 |  | $ | 59,869 |  | $ | 28,180 |
Accumulated other comprehensive (loss) income
|  | December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |
|  | (In thousands) |
Foreign currency translation adjustment, net of tax |  | $ | (25,174 | ) | $ | 16,027 |
Unrealized gains on available-for-sale securities, net of tax |  |  | 12,731 |  |  | 1,519 |
Accumulated other comprehensive (loss) income |  | $ | (12,443 | ) | $ | 17,546 |
Revenue
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |  | 2009 |
|  | (In thousands) |
Service revenue |  | $ | 1,932,289 |  | $ | 1,522,217 |  | $ | 1,240,787 |
Product revenue |  |  | 127,155 |  |  | 114,598 |  |  | 105,908 |
Revenue |  | $ | 2,059,444 |  | $ | 1,636,815 |  | $ | 1,346,695 |
Cost of revenue
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |  | 2009 |
|  | (In thousands) |
Cost of service revenue |  | $ | 666,424 |  | $ | 508,640 |  | $ | 352,824 |
Cost of product revenue |  |  | 94,820 |  |  | 85,176 |  |  | 77,025 |
Cost of revenue |  | $ | 761,244 |  | $ | 593,816 |  | $ | 429,849 |
Other income (expense), net
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |  | 2009 |
|  | (In thousands) |
Interest income |  | $ | 5,205 |  | $ | 6,517 |  | $ | 10,218 |
Interest expense |  |  | (5,430 | ) |  | (5,404 | ) |  | (5,823 | )
Non-income tax refunds related to Match Europe |  |  | 4,630 |  |  | — |  |  | — |
Foreign currency exchange gains, net |  |  | 3,660 |  |  | 314 |  |  | 1,228 |
Gain on sales of investments |  |  | 1,974 |  |  | 3,989 |  |  | 28,835 |
Impairment of long-term investments |  |  | — |  |  | (7,844 | ) |  | (343 | )
Gain on sale of Match Europe |  |  | — |  |  | — |  |  | 132,244 |
Impairment of shares of Arcandor AG ("ARO") stock |  |  | — |  |  | — |  |  | (4,593 | )
Net decrease in the fair value of the derivative asset related to ARO stock |  |  | — |  |  | — |  |  | (58,097 | )
Other |  |  | 21 |  |  | 995 |  |  | 1,333 |
Other income (expense), net |  | $ | 10,060 |  | $ | (1,433 | ) | $ | 105,002 |

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