v2.4.0.8

SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The overall concept that IAC employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker views the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of services or products offered or the target market. Operating segments are combined for reporting purposes if they meet certain aggregation criteria, which principally relate to the similarity of their economic characteristics or, in the case of the "eCommerce" reportable segment, do not meet the quantitative thresholds that require presentation as separate operating segments.
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
| (In thousands)
Revenue: |  |  |  |  |
Search & Applications | $ | 1,604,950 |  |  | $ | 1,465,795 |  |  | $ | 1,040,507 |
The Match Group | 805,390 |  |  | 714,222 |  |  | 519,195 |
Media | 191,434 |  |  | 164,051 |  |  | 68,996 |
eCommerce | 422,066 |  |  | 457,182 |  |  | 431,483 |
Inter-segment elimination | (853 | ) |  | (317 | ) |  | (737 | )
Total | $ | 3,022,987 |  |  | $ | 2,800,933 |  |  | $ | 2,059,444 |
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
| (In thousands)
Operating Income (Loss): |  |  |  |  |
Search & Applications | $ | 340,117 |  |  | $ | 305,644 |  |  | $ | 204,006 |
The Match Group | 228,155 |  |  | 200,166 |  |  | 134,486 |
Media | (20,803 | ) |  | (46,902 | ) |  | (13,206 | )
eCommerce | (61 | ) |  | 15,323 |  |  | 22,674 |
Corporate | (121,205 | ) |  | (150,663 | ) |  | (150,198 | )
Total | $ | 426,203 |  |  | $ | 323,568 |  |  | $ | 197,762 |
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
| (In thousands)
Adjusted EBITDA(a): |  |  |  |  |
Search & Applications | $ | 385,851 |  |  | $ | 328,141 |  |  | $ | 230,464 |
The Match Group | 266,949 |  |  | 236,778 |  |  | 163,985 |
Media | (16,976 | ) |  | (38,555 | ) |  | (12,073 | )
eCommerce | 22,890 |  |  | 31,200 |  |  | 37,936 |
Corporate | (60,411 | ) |  | (60,119 | ) |  | (55,186 | )
Total | $ | 598,303 |  |  | $ | 497,445 |  |  | $ | 365,126 |
| December 31,
| 2013 |  | 2012
| (In thousands)
Segment Assets(b): |  |  |
Search & Applications | $ | 409,116 |  |  | $ | 355,159 |
The Match Group | 341,377 |  |  | 227,755 |
Media | 92,500 |  |  | 71,340 |
eCommerce | 41,827 |  |  | 61,922 |
Corporate | 1,229,205 |  |  | 990,594 |
Total | $ | 2,114,025 |  |  | $ | 1,706,770 |
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
| (In thousands)
Capital expenditures: |  |  |  |  |
Search & Applications | $ | 22,215 |  |  | $ | 15,320 |  |  | $ | 8,698 |
The Match Group | 19,997 |  |  | 19,853 |  |  | 17,447 |
Media | 1,197 |  |  | 1,178 |  |  | 905 |
eCommerce | 8,921 |  |  | 8,485 |  |  | 10,269 |
Corporate | 27,981 |  |  | 6,365 |  |  | 2,635 |
Total | $ | 80,311 |  |  | $ | 51,201 |  |  | $ | 39,954 |
_______________________________________________________________________________
(a) | The Company's primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) non-cash compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and goodwill and intangible asset impairments and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our business as a whole and our individual business segments. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature, and we believe that by excluding these items, Adjusted EBITDA corresponds more closely to the cash operating income generated from our business, from which capital investments are made and debt is serviced. Adjusted EBITDA has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses. IAC endeavors to compensate for the limitations of the non-GAAP measure presented by providing the comparable U.S. GAAP measure with equal or greater prominence, financial statements prepared in accordance with U.S. GAAP, and descriptions of the reconciling items, including quantifying such items, to derive the non-GAAP measure.
(b) | Consistent with the Company's primary metric (described in (a) above), the Company excludes, if applicable, goodwill and intangible assets from the measure of segment assets presented above.
Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
| (In thousands)
Revenue |  |  |  |  |
United States | $ | 2,081,485 |  |  | $ | 1,966,383 |  |  | $ | 1,583,322 |
All other countries | 941,502 |  |  | 834,550 |  |  | 476,122 |
Total | $ | 3,022,987 |  |  | $ | 2,800,933 |  |  | $ | 2,059,444 |
| December 31,
| 2013 |  | 2012
| (In thousands)
Long-lived assets (excluding goodwill and intangible assets) |  |  |
United States | $ | 271,916 |  |  | $ | 251,379 |
All other countries | 22,048 |  |  | 19,133 |
Total | $ | 293,964 |  |  | $ | 270,512 |
The following tables reconcile Adjusted EBITDA to operating income (loss) for the Company's reportable segments:
| Year Ended December 31, 2013
| Adjusted EBITDA |  | Non-Cash Compensation Expense |  | Depreciation |  | Amortization of Intangibles |  | Acquisition-related Contingent Consideration Fair Value Adjustments |  | Operating Income (Loss)
| (In thousands)
Search & Applications | $ | 385,851 |  |  | $ | (3 | ) |  | $ | (18,177 | ) |  | $ | (27,554 | ) |  | $ | — |  |  | $ | 340,117 |
The Match Group | 266,949 |  |  | (1,122 | ) |  | (20,203 | ) |  | (17,126 | ) |  | (343 | ) |  | 228,155 |
Media | (16,976 | ) |  | (633 | ) |  | (2,124 | ) |  | (1,070 | ) |  | — |  |  | (20,803 | )
eCommerce | 22,890 |  |  | 29 |  |  | (8,887 | ) |  | (14,093 | ) |  | — |  |  | (61 | )
Corporate | (60,411 | ) |  | (51,276 | ) |  | (9,518 | ) |  | — |  |  | — |  |  | (121,205 | )
Total | $ | 598,303 |  |  | $ | (53,005 | ) |  | $ | (58,909 | ) |  | $ | (59,843 | ) |  | $ | (343 | ) |  | $ | 426,203 |
| Year Ended December 31, 2012
| Adjusted EBITDA |  | Non-Cash Compensation Expense |  | Depreciation |  | Amortization of Intangibles |  | Operating Income (Loss)
| (In thousands)
Search & Applications | $ | 328,141 |  |  | $ | (34 | ) |  | $ | (14,995 | ) |  | $ | (7,468 | ) |  | $ | 305,644 |
The Match Group | 236,778 |  |  | (2,818 | ) |  | (16,339 | ) |  | (17,455 | ) |  | 200,166 |
Media | (38,555 | ) |  | (770 | ) |  | (1,398 | ) |  | (6,179 | ) |  | (46,902 | )
eCommerce | 31,200 |  |  | 2 |  |  | (11,210 | ) |  | (4,669 | ) |  | 15,323 |
Corporate | (60,119 | ) |  | (82,005 | ) |  | (8,539 | ) |  | — |  |  | (150,663 | )
Total | $ | 497,445 |  |  | $ | (85,625 | ) |  | $ | (52,481 | ) |  | $ | (35,771 | ) |  | $ | 323,568 |
| Year Ended December 31, 2011
| Adjusted EBITDA |  | Non-Cash Compensation Expense |  | Depreciation |  | Amortization of Intangibles |  | Operating Income (Loss)
| (In thousands)
Search & Applications | $ | 230,464 |  |  | $ | 202 |  |  | $ | (25,484 | ) |  | $ | (1,176 | ) |  | $ | 204,006 |
The Match Group | 163,985 |  |  | (1,642 | ) |  | (10,780 | ) |  | (17,077 | ) |  | 134,486 |
Media | (12,073 | ) |  | (427 | ) |  | (703 | ) |  | (3 | ) |  | (13,206 | )
eCommerce | 37,936 |  |  | (222 | ) |  | (11,239 | ) |  | (3,801 | ) |  | 22,674 |
Corporate | (55,186 | ) |  | (86,499 | ) |  | (8,513 | ) |  | — |  |  | (150,198 | )
Total | $ | 365,126 |  |  | $ | (88,588 | ) |  | $ | (56,719 | ) |  | $ | (22,057 | ) |  | $ | 197,762 |
The following tables reconcile segment assets to total assets:
| December 31, 2013
| Segment Assets |  | Goodwill |  | Indefinite-Lived Intangible Assets |  | Definite-Lived Intangible Assets |  | Total Assets
| (In thousands)
Search & Applications | $ | 409,116 |  |  | $ | 738,062 |  |  | $ | 195,805 |  |  | $ | 40,550 |  |  | $ | 1,383,533 |
The Match Group | 341,377 |  |  | 775,403 |  |  | 167,544 |  |  | 11,818 |  |  | 1,296,142 |
Media | 92,500 |  |  | 8,267 |  |  | 1,800 |  |  | 944 |  |  | 103,511 |
eCommerce | 41,827 |  |  | 153,591 |  |  | 11,180 |  |  | 15,695 |  |  | 222,293 |
Corporate(c) | 1,229,205 |  |  | — |  |  | — |  |  | — |  |  | 1,229,205 |
Total | $ | 2,114,025 |  |  | $ | 1,675,323 |  |  | $ | 376,329 |  |  | $ | 69,007 |  |  | $ | 4,234,684 |
| December 31, 2012
| Segment Assets |  | Goodwill |  | Indefinite-Lived Intangible Assets |  | Definite-Lived Intangible Assets |  | Total Assets
| (In thousands)
Search & Applications | $ | 355,159 |  |  | $ | 723,650 |  |  | $ | 197,304 |  |  | $ | 64,457 |  |  | $ | 1,340,570 |
The Match Group | 227,755 |  |  | 718,736 |  |  | 163,298 |  |  | 14,012 |  |  | 1,123,801 |
Media | 71,340 |  |  | 8,267 |  |  | 1,800 |  |  | 2,020 |  |  | 83,427 |
eCommerce | 61,922 |  |  | 165,501 |  |  | 16,562 |  |  | 23,451 |  |  | 267,436 |
Corporate(c) | 990,594 |  |  | — |  |  | — |  |  | — |  |  | 990,594 |
Total | $ | 1,706,770 |  |  | $ | 1,616,154 |  |  | $ | 378,964 |  |  | $ | 103,940 |  |  | $ | 3,805,828 |
_____________________________________
(c) | Corporate assets consist primarily of cash and cash equivalents, marketable securities and IAC's headquarters building.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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