|
GUARANTOR AND NONGUARANTOR FINANCIAL INFORMATION (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Guarantor and Nonguarantor Financial Statements [Abstract] |
|
| Condensed Balance Sheet |
Balance sheet at December 31, 2013: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Cash and cash equivalents | $ | 782,022 |
| | $ | — |
| | $ | 318,422 |
| | $ | — |
| | $ | 1,100,444 |
| Marketable securities | 1,007 |
| | — |
| | 4,997 |
| | — |
| | 6,004 |
| Accounts receivable, net | 38 |
| | 135,651 |
| | 71,719 |
| | — |
| | 207,408 |
| Other current assets | 45,111 |
| | 76,572 |
| | 40,661 |
| | (814 | ) | | 161,530 |
| Intercompany receivables | — |
| | 569,030 |
| | 847,423 |
| | (1,416,453 | ) | | — |
| Property and equipment, net | 5,316 |
| | 221,386 |
| | 67,262 |
| | — |
| | 293,964 |
| Goodwill | — |
| | 1,180,159 |
| | 495,164 |
| | — |
| | 1,675,323 |
| Intangible assets, net | — |
| | 302,082 |
| | 143,254 |
| | — |
| | 445,336 |
| Investment in subsidiaries | 3,833,751 |
| | 782,840 |
| | — |
| | (4,616,591 | ) | | — |
| Other non-current assets | 83,207 |
| | 15,521 |
| | 252,576 |
| | (6,629 | ) | | 344,675 |
| Total assets | $ | 4,750,452 |
| | $ | 3,283,241 |
| | $ | 2,241,478 |
| | $ | (6,040,487 | ) | | $ | 4,234,684 |
| | | | | | | | | | | Accounts payable, trade | $ | 4,310 |
| | $ | 51,525 |
| | $ | 21,818 |
| | $ | — |
| | $ | 77,653 |
| Other current liabilities | 41,623 |
| | 280,549 |
| | 187,072 |
| | — |
| | 509,244 |
| Long-term debt, net of current maturities | 1,000,000 |
| | 80,000 |
| | — |
| | — |
| | 1,080,000 |
| Income taxes payable | 383,926 |
| | 6,768 |
| | 25,690 |
| | — |
| | 416,384 |
| Intercompany liabilities | 1,416,453 |
| | — |
| | — |
| | (1,416,453 | ) | | — |
| Other long-term liabilities | 217,404 |
| | 96,239 |
| | 72,941 |
| | (7,443 | ) | | 379,141 |
| Redeemable noncontrolling interests | — |
| | — |
| | 42,861 |
| | — |
| | 42,861 |
| IAC shareholders' equity | 1,686,736 |
| | 2,768,160 |
| | 1,848,431 |
| | (4,616,591 | ) | | 1,686,736 |
| Noncontrolling interests | — |
| | — |
| | 42,665 |
| | — |
| | 42,665 |
| Total liabilities and shareholders' equity | $ | 4,750,452 |
| | $ | 3,283,241 |
| | $ | 2,241,478 |
| | $ | (6,040,487 | ) | | $ | 4,234,684 |
|
Balance sheet at December 31, 2012: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Cash and cash equivalents | $ | 501,075 |
| | $ | — |
| | $ | 248,902 |
| | $ | — |
| | $ | 749,977 |
| Marketable securities | 20,604 |
| | — |
| | — |
| | — |
| | 20,604 |
| Accounts receivable, net | 43 |
| | 145,375 |
| | 84,412 |
| | — |
| | 229,830 |
| Other current assets | 58,452 |
| | 55,002 |
| | 43,922 |
| | (1,037 | ) | | 156,339 |
| Intercompany receivables | — |
| | 482,552 |
| | 10,276,552 |
| | (10,759,104 | ) | | — |
| Property and equipment, net | 4,116 |
| | 196,240 |
| | 70,156 |
| | — |
| | 270,512 |
| Goodwill | — |
| | 1,190,949 |
| | 425,205 |
| | — |
| | 1,616,154 |
| Intangible assets, net | — |
| | 341,309 |
| | 141,595 |
| | — |
| | 482,904 |
| Investment in subsidiaries | 12,913,694 |
| | 608,656 |
| | — |
| | (13,522,350 | ) | | — |
| Other non-current assets | 153,155 |
| | 16,557 |
| | 109,864 |
| | (68 | ) | | 279,508 |
| Total assets | $ | 13,651,139 |
| | $ | 3,036,640 |
| | $ | 11,400,608 |
| | $ | (24,282,559 | ) | | $ | 3,805,828 |
| | | | | | | | | | | Accounts payable, trade | $ | 4,366 |
| | $ | 65,786 |
| | $ | 28,162 |
| | $ | — |
| | $ | 98,314 |
| Other current liabilities | 74,214 |
| | 231,270 |
| | 222,743 |
| | (1,652 | ) | | 526,575 |
| Long-term debt, net of current maturities | 500,000 |
| | 80,000 |
| | — |
| | — |
| | 580,000 |
| Income taxes payable | 440,110 |
| | 26,389 |
| | 13,446 |
| | — |
| | 479,945 |
| Intercompany liabilities | 10,759,104 |
| | — |
| | — |
| | (10,759,104 | ) | | — |
| Other long-term liabilities | 217,617 |
| | 91,437 |
| | 45,632 |
| | 547 |
| | 355,233 |
| Redeemable noncontrolling interests | — |
| | 1,388 |
| | 56,738 |
| | — |
| | 58,126 |
| IAC shareholders' equity | 1,655,728 |
| | 2,540,370 |
| | 10,981,980 |
| | (13,522,350 | ) | | 1,655,728 |
| Noncontrolling interests | — |
| | — |
| | 51,907 |
| | — |
| | 51,907 |
| Total liabilities and shareholders' equity | $ | 13,651,139 |
| | $ | 3,036,640 |
| | $ | 11,400,608 |
| | $ | (24,282,559 | ) | | $ | 3,805,828 |
|
|
| Condensed Income Statement |
Statement of operations for the year ended December 31, 2013: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 2,183,969 |
| | $ | 843,133 |
| | $ | (4,115 | ) | | $ | 3,022,987 |
| Costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 2,456 |
| | 597,350 |
| | 403,155 |
| | (2,860 | ) | | 1,000,101 |
| Selling and marketing expense | 2,563 |
| | 768,270 |
| | 194,431 |
| | (1,133 | ) | | 964,131 |
| General and administrative expense | 97,025 |
| | 167,795 |
| | 107,772 |
| | (122 | ) | | 372,470 |
| Product development expense | 4,685 |
| | 100,734 |
| | 35,911 |
| | — |
| | 141,330 |
| Depreciation | 1,386 |
| | 38,938 |
| | 18,585 |
| | — |
| | 58,909 |
| Amortization of intangibles | — |
| | 40,277 |
| | 19,566 |
| | — |
| | 59,843 |
| Total costs and expenses | 108,115 |
| | 1,713,364 |
| | 779,420 |
| | (4,115 | ) | | 2,596,784 |
| Operating (loss) income | (108,115 | ) | | 470,605 |
| | 63,713 |
| | — |
| | 426,203 |
| Equity in earnings (losses) of unconsolidated affiliates | 439,925 |
| | 62,402 |
| | (303 | ) | | (508,639 | ) | | (6,615 | ) | Interest expense | (29,417 | ) | | (3,979 | ) | | (200 | ) | | — |
| | (33,596 | ) | Other (expense) income, net | (35,331 | ) | | (35,040 | ) | | 100,680 |
| | — |
| | 30,309 |
| Earnings from continuing operations before income taxes | 267,062 |
| | 493,988 |
| | 163,890 |
| | (508,639 | ) | | 416,301 |
| Income tax benefit (provision) | 16,796 |
| | (156,170 | ) | | 4,872 |
| | — |
| | (134,502 | ) | Earnings from continuing operations | 283,858 |
| | 337,818 |
| | 168,762 |
| | (508,639 | ) | | 281,799 |
| Earnings (losses) from discontinued operations, net of tax | 1,926 |
| | — |
| | (39 | ) | | 39 |
| | 1,926 |
| Net earnings | 285,784 |
| | 337,818 |
| | 168,723 |
| | (508,600 | ) | | 283,725 |
| Net loss attributable to noncontrolling interests | — |
| | 411 |
| | 1,648 |
| | — |
| | 2,059 |
| Net earnings attributable to IAC shareholders | $ | 285,784 |
| | $ | 338,229 |
| | $ | 170,371 |
| | $ | (508,600 | ) | | $ | 285,784 |
| Comprehensive income attributable to IAC shareholders | $ | 304,907 |
| | $ | 339,094 |
| | $ | 181,070 |
| | $ | (520,164 | ) | | $ | 304,907 |
|
Statement of operations for the year ended December 31, 2012: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 1,986,527 |
| | $ | 820,759 |
| | $ | (6,353 | ) | | $ | 2,800,933 |
| Costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 5,194 |
| | 594,631 |
| | 395,877 |
| | (4,905 | ) | | 990,797 |
| Selling and marketing expense | 4,081 |
| | 669,448 |
| | 222,481 |
| | (1,465 | ) | | 894,545 |
| General and administrative expense | 121,919 |
| | 155,123 |
| | 109,029 |
| | 17 |
| | 386,088 |
| Product development expense | 5,611 |
| | 83,008 |
| | 29,064 |
| | — |
| | 117,683 |
| Depreciation | 832 |
| | 35,544 |
| | 16,105 |
| | — |
| | 52,481 |
| Amortization of intangibles | — |
| | 10,958 |
| | 24,813 |
| | — |
| | 35,771 |
| Total costs and expenses | 137,637 |
| | 1,548,712 |
| | 797,369 |
| | (6,353 | ) | | 2,477,365 |
| Operating (loss) income | (137,637 | ) | | 437,815 |
| | 23,390 |
| | — |
| | 323,568 |
| Equity in earnings (losses) of unconsolidated affiliates | 309,639 |
| | 37,866 |
| | (22,548 | ) | | (350,302 | ) | | (25,345 | ) | Interest expense | (1,835 | ) | | (4,174 | ) | | (140 | ) | | — |
| | (6,149 | ) | Other (expense) income, net | (82,900 | ) | | (3,733 | ) | | 83,621 |
| | — |
| | (3,012 | ) | Earnings from continuing operations before income taxes | 87,267 |
| | 467,774 |
| | 84,323 |
| | (350,302 | ) | | 289,062 |
| Income tax benefit (provision) | 81,050 |
| | (146,333 | ) | | (53,932 | ) | | — |
| | (119,215 | ) | Earnings from continuing operations | 168,317 |
| | 321,441 |
| | 30,391 |
| | (350,302 | ) | | 169,847 |
| (Loss) earnings from discontinued operations, net of tax | (9,051 | ) | | — |
| | 842 |
| | (842 | ) | | (9,051 | ) | Net earnings | 159,266 |
| | 321,441 |
| | 31,233 |
| | (351,144 | ) | | 160,796 |
| Net loss (earnings) attributable to noncontrolling interests | — |
| | 206 |
| | (1,736 | ) | | — |
| | (1,530 | ) | Net earnings attributable to IAC shareholders | $ | 159,266 |
| | $ | 321,647 |
| | $ | 29,497 |
| | $ | (351,144 | ) | | $ | 159,266 |
| Comprehensive income attributable to IAC shareholders | $ | 139,540 |
| | $ | 322,418 |
| | $ | 29,622 |
| | $ | (352,040 | ) | | $ | 139,540 |
|
Statement of operations for the year ended December 31, 2011: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | 413 |
| | $ | 1,552,508 |
| | $ | 509,270 |
| | $ | (2,747 | ) | | $ | 2,059,444 |
| Costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 4,763 |
| | 493,480 |
| | 256,800 |
| | (1,154 | ) | | 753,889 |
| Selling and marketing expense | 4,385 |
| | 500,118 |
| | 114,310 |
| | (1,615 | ) | | 617,198 |
| General and administrative expense | 120,908 |
| | 136,511 |
| | 63,621 |
| | 22 |
| | 321,062 |
| Product development expense | 7,299 |
| | 70,219 |
| | 13,239 |
| | — |
| | 90,757 |
| Depreciation | 799 |
| | 44,940 |
| | 10,980 |
| | — |
| | 56,719 |
| Amortization of intangibles | — |
| | 3,593 |
| | 18,464 |
| | — |
| | 22,057 |
| Total costs and expenses | 138,154 |
| | 1,248,861 |
| | 477,414 |
| | (2,747 | ) | | 1,861,682 |
| Operating (loss) income | (137,741 | ) | | 303,647 |
| | 31,856 |
| | — |
| | 197,762 |
| Equity in earnings (losses) of unconsolidated affiliates | 696,250 |
| | 29,607 |
| | (32,866 | ) | | (729,291 | ) | | (36,300 | ) | Interest expense | (1,111 | ) | | (4,259 | ) | | (60 | ) | | — |
| | (5,430 | ) | Other (expense) income, net | (732,588 | ) | | 2,689 |
| | 745,389 |
| | — |
| | 15,490 |
| (Loss) earnings from continuing operations before income taxes | (175,190 | ) | | 331,684 |
| | 744,319 |
| | (729,291 | ) | | 171,522 |
| Income tax benefit (provision) | 353,415 |
| | (126,196 | ) | | (223,172 | ) | | — |
| | 4,047 |
| Earnings from continuing operations | 178,225 |
| | 205,488 |
| | 521,147 |
| | (729,291 | ) | | 175,569 |
| (Loss) earnings from discontinued operations, net of tax | (3,992 | ) | | — |
| | 4,877 |
| | (4,877 | ) | | (3,992 | ) | Net earnings | 174,233 |
| | 205,488 |
| | 526,024 |
| | (734,168 | ) | | 171,577 |
| Net loss attributable to noncontrolling interests | — |
| | 60 |
| | 2,596 |
| | — |
| | 2,656 |
| Net earnings attributable to IAC shareholders | $ | 174,233 |
| | $ | 205,548 |
| | $ | 528,620 |
| | $ | (734,168 | ) | | $ | 174,233 |
| Comprehensive income attributable to IAC shareholders | $ | 144,244 |
| | $ | 205,895 |
| | $ | 484,333 |
| | $ | (690,228 | ) | | $ | 144,244 |
|
|
| Condensed Cash Flow Statement |
Statement of cash flows for the year ended December 31, 2013: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities attributable to continuing operations | $ | (95,081 | ) | | $ | 537,116 |
| | $ | (31,074 | ) | | $ | — |
| | $ | 410,961 |
| Cash flows from investing activities attributable to continuing operations: | | | | | | | | | | Acquisitions, net of cash acquired | — |
| | (6,638 | ) | | (34,052 | ) | | — |
| | (40,690 | ) | Capital expenditures | (1,387 | ) | | (63,931 | ) | | (14,993 | ) | | — |
| | (80,311 | ) | Proceeds from maturities and sales of marketable debt securities | 12,502 |
| | — |
| | — |
| | — |
| | 12,502 |
| Proceeds from sales of long-term investments | 7,839 |
| | 50,850 |
| | 11,279 |
| | — |
| | 69,968 |
| Purchases of long-term investments | (17,814 | ) | | — |
| | (33,266 | ) | | — |
| | (51,080 | ) | Other, net | — |
| | (1,725 | ) | | 11,319 |
| | — |
| | 9,594 |
| Net cash provided by (used in) investing activities attributable to continuing operations | 1,140 |
| | (21,444 | ) | | (59,713 | ) | | — |
| | (80,017 | ) | Cash flows from financing activities attributable to continuing operations: | | | | | | | | | | Proceeds from issuance of long-term debt | 500,000 |
| | — |
| | — |
| | — |
| | 500,000 |
| Principal payments on long-term debt | (15,844 | ) | | — |
| | — |
| | — |
| | (15,844 | ) | Purchase of treasury stock | (264,214 | ) | | — |
| | — |
| | — |
| | (264,214 | ) | Dividends | (79,189 | ) | | — |
| | — |
| | — |
| | (79,189 | ) | Issuance of common stock, net of withholding taxes | (5,077 | ) | | — |
| | — |
| | — |
| | (5,077 | ) | Excess tax benefits from stock-based awards | 32,081 |
| | — |
| | 810 |
| | — |
| | 32,891 |
| Purchase of noncontrolling interests | — |
| | — |
| | (67,947 | ) | | — |
| | (67,947 | ) | Funds transferred to escrow for Meetic tender offer | — |
| | — |
| | (71,512 | ) | | — |
| | (71,512 | ) | Debt issuance costs | (7,399 | ) | | — |
| | — |
| | — |
| | (7,399 | ) | Intercompany | 216,359 |
| | (514,464 | ) | | 298,105 |
| | — |
| | — |
| Other, net | — |
| | (1,225 | ) | | (2,562 | ) | | — |
| | (3,787 | ) | Net cash provided by (used in) financing activities attributable to continuing operations | 376,717 |
| | (515,689 | ) | | 156,894 |
| | — |
| | 17,922 |
| Total cash provided by (used in) continuing operations | 282,776 |
| | (17 | ) | | 66,107 |
| | — |
| | 348,866 |
| Total cash used in discontinued operations | (1,829 | ) | | — |
| | (48 | ) | | — |
| | (1,877 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | 17 |
| | 3,461 |
| | — |
| | 3,478 |
| Net increase in cash and cash equivalents | 280,947 |
| | — |
| | 69,520 |
| | — |
| | 350,467 |
| Cash and cash equivalents at beginning of period | 501,075 |
| | — |
| | 248,902 |
| | — |
| | 749,977 |
| Cash and cash equivalents at end of period | $ | 782,022 |
| | $ | — |
| | $ | 318,422 |
| | $ | — |
| | $ | 1,100,444 |
|
Statement of cash flows for the year ended December 31, 2012: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities attributable to continuing operations | $ | (116,353 | ) | | $ | 453,692 |
| | $ | 17,188 |
| | $ | — |
| | $ | 354,527 |
| Cash flows from investing activities attributable to continuing operations: | | | | | | | | | | Acquisitions, net of cash acquired | (35,159 | ) | | (341,963 | ) | | (33,913 | ) | | — |
| | (411,035 | ) | Capital expenditures | (3,969 | ) | | (29,550 | ) | | (17,682 | ) | | — |
| | (51,201 | ) | Proceeds from maturities and sales of marketable debt securities | 195,501 |
| | — |
| | — |
| | — |
| | 195,501 |
| Purchases of marketable debt securities | (53,952 | ) | | — |
| | — |
| | — |
| | (53,952 | ) | Proceeds from sales of long-term investments | 14,194 |
| | — |
| | — |
| | — |
| | 14,194 |
| Purchases of long-term investments | (27,187 | ) | | (724 | ) | | (8,183 | ) | | — |
| | (36,094 | ) | Other, net | (351 | ) | | 117 |
| | (9,267 | ) | | — |
| | (9,501 | ) | Net cash provided by (used in) investing activities attributable to continuing operations | 89,077 |
| | (372,120 | ) | | (69,045 | ) | | — |
| | (352,088 | ) | Cash flows from financing activities attributable to continuing operations: | | | | | | | | | | Proceeds from issuance of long-term debt | 500,000 |
| | — |
| | — |
| | — |
| | 500,000 |
| Purchase of treasury stock | (691,830 | ) | | — |
| | — |
| | — |
| | (691,830 | ) | Dividends | (68,163 | ) | | — |
| | — |
| | — |
| | (68,163 | ) | Issuance of common stock, net of withholding taxes | 262,841 |
| | — |
| | — |
| | — |
| | 262,841 |
| Excess tax benefits from stock-based awards | 52,209 |
| | 4,892 |
| | — |
| | — |
| | 57,101 |
| Purchase of noncontrolling interests | (1,936 | ) | | — |
| | (2,955 | ) | | — |
| | (4,891 | ) | Debt issuance costs | (11,001 | ) | | — |
| | — |
| | — |
| | (11,001 | ) | Intercompany | (55,020 | ) | | (86,446 | ) | | 141,466 |
| | — |
| | — |
| Other, net | — |
| | — |
| | 244 |
| | — |
| | 244 |
| Net cash (used in) provided by financing activities attributable to continuing operations | (12,900 | ) | | (81,554 | ) | | 138,755 |
| | — |
| | 44,301 |
| Total cash (used in) provided by continuing operations | (40,176 | ) | | 18 |
| | 86,898 |
| | — |
| | 46,740 |
| Total cash (used in) provided by discontinued operations | (3,971 | ) | | — |
| | 499 |
| | — |
| | (3,472 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | (18 | ) | | 2,574 |
| | — |
| | 2,556 |
| Net (decrease) increase in cash and cash equivalents | (44,147 | ) | | — |
| | 89,971 |
| | — |
| | 45,824 |
| Cash and cash equivalents at beginning of period | 545,222 |
| | — |
| | 158,931 |
| | — |
| | 704,153 |
| Cash and cash equivalents at end of period | $ | 501,075 |
| | $ | — |
| | $ | 248,902 |
| | $ | — |
| | $ | 749,977 |
|
Statement of cash flows for the year ended December 31, 2011: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Total Eliminations | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities attributable to continuing operations | $ | (75,300 | ) | | $ | 367,719 |
| | $ | 79,967 |
| | $ | — |
| | $ | 372,386 |
| Cash flows from investing activities attributable to continuing operations: | | | | | | | | | | Acquisitions, net of cash acquired | — |
| | (80,998 | ) | | (197,471 | ) | | — |
| | (278,469 | ) | Capital expenditures | (798 | ) | | (29,542 | ) | | (9,614 | ) | | — |
| | (39,954 | ) | Proceeds from maturities and sales of marketable debt securities | 267,635 |
| | — |
| | 317,300 |
| | — |
| | 584,935 |
| Purchases of marketable debt securities | (74,240 | ) | | — |
| | (129,730 | ) | | — |
| | (203,970 | ) | Proceeds from sales of long-term investments | 10,214 |
| | — |
| | 5,000 |
| | — |
| | 15,214 |
| Purchases of long-term investments | (35,263 | ) | | (51,008 | ) | | (3,974 | ) | | — |
| | (90,245 | ) | Other, net | — |
| | 1,886 |
| | (14,583 | ) | | — |
| | (12,697 | ) | Net cash provided by (used in) investing activities attributable to continuing operations | 167,548 |
| | (159,662 | ) | | (33,072 | ) | | — |
| | (25,186 | ) | Cash flows from financing activities attributable to continuing operations: | | | | | | | | | | Purchase of treasury stock | (507,765 | ) | | — |
| | — |
| | — |
| | (507,765 | ) | Dividends | (10,668 | ) | | — |
| | — |
| | — |
| | (10,668 | ) | Issuance of common stock, net of withholding taxes | 132,785 |
| | — |
| | — |
| | — |
| | 132,785 |
| Excess tax benefits from stock-based awards | 22,166 |
| | — |
| | — |
| | — |
| | 22,166 |
| Purchase of noncontrolling interests | (3,843 | ) | | — |
| | — |
| | — |
| | (3,843 | ) | Intercompany | 824,194 |
| | (207,950 | ) | | (616,244 | ) | | — |
| | — |
| Other, net | — |
| | (249 | ) | | (4,659 | ) | | — |
| | (4,908 | ) | Net cash provided by (used in) financing activities attributable to continuing operations | 456,869 |
| | (208,199 | ) | | (620,903 | ) | | — |
| | (372,233 | ) | Total cash provided by (used in) continuing operations | 549,117 |
| | (142 | ) | | (574,008 | ) | | — |
| | (25,033 | ) | Total cash used in discontinued operations | (7,166 | ) | | — |
| | (1,251 | ) | | — |
| | (8,417 | ) | Effect of exchange rate changes on cash and cash equivalents | 3,271 |
| | 142 |
| | (7,909 | ) | | — |
| | (4,496 | ) | Net increase (decrease) in cash and cash equivalents | 545,222 |
| | — |
| | (583,168 | ) | | — |
| | (37,946 | ) | Cash and cash equivalents at beginning of period | — |
| | — |
| | 742,099 |
| | — |
| | 742,099 |
| Cash and cash equivalents at end of period | $ | 545,222 |
| | $ | — |
| | $ | 158,931 |
| | $ | — |
| | $ | 704,153 |
|
|