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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Revenue | $ 3,109,547us-gaap_Revenues | $ 3,022,987us-gaap_Revenues | $ 2,800,933us-gaap_Revenues |
| Operating costs and expenses: | |||
| Cost of revenue (exclusive of depreciation shown separately below) | 883,176us-gaap_CostOfGoodsAndServicesSold | 1,003,721us-gaap_CostOfGoodsAndServicesSold | 991,688us-gaap_CostOfGoodsAndServicesSold |
| Selling and marketing expense | 1,124,437us-gaap_SellingAndMarketingExpense | 956,410us-gaap_SellingAndMarketingExpense | 894,438us-gaap_SellingAndMarketingExpense |
| General and administrative expense | 443,610us-gaap_GeneralAndAdministrativeExpense | 378,142us-gaap_GeneralAndAdministrativeExpense | 386,461us-gaap_GeneralAndAdministrativeExpense |
| Product development expense | 160,515us-gaap_ResearchAndDevelopmentExpense | 139,759us-gaap_ResearchAndDevelopmentExpense | 116,526us-gaap_ResearchAndDevelopmentExpense |
| Depreciation | 61,156us-gaap_Depreciation | 58,909us-gaap_Depreciation | 52,481us-gaap_Depreciation |
| Amortization of intangibles | 57,926us-gaap_AmortizationOfIntangibleAssets | 59,843us-gaap_AmortizationOfIntangibleAssets | 35,771us-gaap_AmortizationOfIntangibleAssets |
| Total operating costs and expenses | 2,730,820us-gaap_CostsAndExpenses | 2,596,784us-gaap_CostsAndExpenses | 2,477,365us-gaap_CostsAndExpenses |
| Operating income | 378,727us-gaap_OperatingIncomeLoss | 426,203us-gaap_OperatingIncomeLoss | 323,568us-gaap_OperatingIncomeLoss |
| Equity in losses of unconsolidated affiliates | (9,697)us-gaap_IncomeLossFromEquityMethodInvestments | (6,615)us-gaap_IncomeLossFromEquityMethodInvestments | (25,345)us-gaap_IncomeLossFromEquityMethodInvestments |
| Interest expense | (56,314)us-gaap_InterestExpense | (33,596)us-gaap_InterestExpense | (6,149)us-gaap_InterestExpense |
| Other (expense) income, net | (42,787)us-gaap_NonoperatingIncomeExpense | 30,309us-gaap_NonoperatingIncomeExpense | (3,012)us-gaap_NonoperatingIncomeExpense |
| Earnings from continuing operations before income taxes | 269,929us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 416,301us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 289,062us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax provision | (35,372)us-gaap_IncomeTaxExpenseBenefit | (134,502)us-gaap_IncomeTaxExpenseBenefit | (119,215)us-gaap_IncomeTaxExpenseBenefit |
| Earnings from continuing operations | 234,557us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 281,799us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 169,847us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest |
| Earnings (loss) from discontinued operations, net of tax | 174,673us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | 1,926us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | (9,051)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax |
| Net earnings | 409,230us-gaap_ProfitLoss | 283,725us-gaap_ProfitLoss | 160,796us-gaap_ProfitLoss |
| Net loss (earnings) attributable to noncontrolling interests | 5,643us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 2,059us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (1,530)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net earnings attributable to IAC shareholders | 414,873us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | 285,784us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | 159,266us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Per share information attributable to IAC shareholders: | |||
| Basic earnings per share from continuing operations (in dollars per share) | $ 2.88us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 3.40us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 1.95us-gaap_IncomeLossFromContinuingOperationsPerBasicShare |
| Diluted earnings per share from continuing operations (in dollars per share) | $ 2.71us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 3.27us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 1.81us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare |
| Basic earnings per share (in dollars per share) | $ 4.98us-gaap_EarningsPerShareBasic | $ 3.42us-gaap_EarningsPerShareBasic | $ 1.85us-gaap_EarningsPerShareBasic |
| Diluted earnings per share (in dollars per share) | $ 4.68us-gaap_EarningsPerShareDiluted | $ 3.29us-gaap_EarningsPerShareDiluted | $ 1.71us-gaap_EarningsPerShareDiluted |
| Dividends declared per share (in dollars per share) | $ 1.16us-gaap_CommonStockDividendsPerShareDeclared | $ 0.96us-gaap_CommonStockDividendsPerShareDeclared | $ 0.72us-gaap_CommonStockDividendsPerShareDeclared |
| Non-cash compensation expense by function: | |||
| Total non-cash compensation expense | 59,634us-gaap_AllocatedShareBasedCompensationExpense | 53,005us-gaap_AllocatedShareBasedCompensationExpense | 85,625us-gaap_AllocatedShareBasedCompensationExpense |
| Cost of revenue | |||
| Non-cash compensation expense by function: | |||
| Total non-cash compensation expense | 949us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
2,863us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
6,219us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
| Selling and marketing expense | |||
| Non-cash compensation expense by function: | |||
| Total non-cash compensation expense | 2,144us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_SellingAndMarketingExpenseMember |
2,813us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_SellingAndMarketingExpenseMember |
4,760us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_SellingAndMarketingExpenseMember |
| General and administrative expense | |||
| Non-cash compensation expense by function: | |||
| Total non-cash compensation expense | 49,862us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_GeneralAndAdministrativeExpenseMember |
42,487us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_GeneralAndAdministrativeExpenseMember |
68,640us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_GeneralAndAdministrativeExpenseMember |
| Product development expense | |||
| Non-cash compensation expense by function: | |||
| Total non-cash compensation expense | $ 6,679us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_ResearchAndDevelopmentExpenseMember |
$ 4,842us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_ResearchAndDevelopmentExpenseMember |
$ 6,006us-gaap_AllocatedShareBasedCompensationExpense / us-gaap_IncomeStatementLocationAxis = us-gaap_ResearchAndDevelopmentExpenseMember |
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- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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