v2.4.0.8
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue $ 3,022,987 $ 2,800,933 $ 2,059,444
Costs and expenses:      
Cost of revenue (exclusive of depreciation shown separately below) 1,000,101 990,797 753,889
Selling and marketing expense 964,131 894,545 617,198
General and administrative expense 372,470 386,088 321,062
Product development expense 141,330 117,683 90,757
Depreciation 58,909 52,481 56,719
Amortization of intangibles 59,843 35,771 22,057
Total costs and expenses 2,596,784 2,477,365 1,861,682
Operating income 426,203 323,568 197,762
Equity in losses of unconsolidated affiliates (6,615) (25,345) (36,300)
Interest expense (33,596) (6,149) (5,430)
Other income (expense), net 30,309 (3,012) 15,490
Earnings from continuing operations before income taxes 416,301 289,062 171,522
Income tax (provision) benefit (134,502) (119,215) 4,047
Earnings from continuing operations 281,799 169,847 175,569
Earnings (loss) from discontinued operations, net of tax 1,926 (9,051) (3,992)
Net earnings 283,725 160,796 171,577
Net loss (earnings) attributable to noncontrolling interests 2,059 (1,530) 2,656
Net earnings attributable to IAC shareholders 285,784 159,266 174,233
Per share information attributable to IAC shareholders:      
Basic earnings per share from continuing operations (in dollars per share) $ 3.40 $ 1.95 $ 2.05
Diluted earnings per share from continuing operations (in dollars per share) $ 3.27 $ 1.81 $ 1.89
Basic earnings per share (in dollars per share) $ 3.42 $ 1.85 $ 2.01
Diluted earnings per share (in dollars per share) $ 3.29 $ 1.71 $ 1.85
Dividends declared per share (in dollars per share) $ 0.96 $ 0.72 $ 0.12
Non-cash compensation expense by function:      
Total non-cash compensation expense 53,005 85,625 88,588
Cost of revenue
      
Non-cash compensation expense by function:      
Total non-cash compensation expense 2,863 6,219 5,359
Selling and marketing expense
      
Non-cash compensation expense by function:      
Total non-cash compensation expense 2,813 4,760 4,807
General and administrative expense
      
Non-cash compensation expense by function:      
Total non-cash compensation expense 42,487 68,640 70,894
Product development expense
      
Non-cash compensation expense by function:      
Total non-cash compensation expense $ 4,842 $ 6,006 $ 7,528