|
GUARANTOR AND NONGUARANTOR FINANCIAL INFORMATION (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Guarantor and Nonguarantor Financial Statements [Abstract] |
|
| Condensed Balance Sheet |
Balance sheet at December 31, 2014: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Cash and cash equivalents | $ | 766,076 |
| | $ | 1,021 |
| | $ | 223,308 |
| | $ | — |
| | $ | 990,405 |
| Marketable securities | 159,197 |
| | — |
| | 1,451 |
| | — |
| | 160,648 |
| Accounts receivable, net | 13 |
| | 155,262 |
| | 80,811 |
| | — |
| | 236,086 |
| Other current assets | 23,923 |
| | 91,105 |
| | 57,487 |
| | (5,773 | ) | | 166,742 |
| Intercompany receivables | — |
| | 1,688,403 |
| | 970,810 |
| | (2,659,213 | ) | | — |
| Property and equipment, net | 4,950 |
| | 232,819 |
| | 64,690 |
| | — |
| | 302,459 |
| Goodwill | — |
| | 1,249,807 |
| | 505,119 |
| | — |
| | 1,754,926 |
| Intangible assets, net | — |
| | 325,771 |
| | 166,165 |
| | — |
| | 491,936 |
| Investment in subsidiaries | 5,035,304 |
| | 930,443 |
| | — |
| | (5,965,747 | ) | | — |
| Other non-current assets | 44,610 |
| | 20,682 |
| | 109,372 |
| | (2,988 | ) | | 171,676 |
| Total assets | $ | 6,034,073 |
| | $ | 4,695,313 |
| | $ | 2,179,213 |
| | $ | (8,633,721 | ) | | $ | 4,274,878 |
| | | | | | | | | | | Accounts payable, trade | $ | 3,059 |
| | $ | 55,320 |
| | $ | 22,784 |
| | $ | — |
| | $ | 81,163 |
| Other current liabilities | 73,491 |
| | 328,920 |
| | 191,197 |
| | (817 | ) | | 592,791 |
| Long-term debt | 1,000,000 |
| | 80,000 |
| | — |
| | — |
| | 1,080,000 |
| Income taxes payable | 2,240 |
| | 4,771 |
| | 25,624 |
| | — |
| | 32,635 |
| Intercompany liabilities | 2,659,213 |
| | — |
| | — |
| | (2,659,213 | ) | | — |
| Other long-term liabilities | 304,117 |
| | 104,219 |
| | 54,328 |
| | (7,944 | ) | | 454,720 |
| Redeemable noncontrolling interests | — |
| | — |
| | 40,427 |
| | — |
| | 40,427 |
| IAC shareholders' equity | 1,991,953 |
| | 4,122,083 |
| | 1,843,664 |
| | (5,965,747 | ) | | 1,991,953 |
| Noncontrolling interests | — |
| | — |
| | 1,189 |
| | — |
| | 1,189 |
| Total liabilities and shareholders' equity | $ | 6,034,073 |
| | $ | 4,695,313 |
| | $ | 2,179,213 |
| | $ | (8,633,721 | ) | | $ | 4,274,878 |
|
Balance sheet at December 31, 2013: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | 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 | 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 |
|
|
| Condensed Income Statement |
Statement of operations for the year ended December 31, 2014: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 2,286,621 |
| | $ | 834,765 |
| | $ | (11,839 | ) | | $ | 3,109,547 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 998 |
| | 525,185 |
| | 359,746 |
| | (2,753 | ) | | 883,176 |
| Selling and marketing expense | 2,138 |
| | 904,221 |
| | 226,381 |
| | (8,303 | ) | | 1,124,437 |
| General and administrative expense | 105,221 |
| | 211,293 |
| | 127,051 |
| | 45 |
| | 443,610 |
| Product development expense | 6,496 |
| | 110,375 |
| | 44,472 |
| | (828 | ) | | 160,515 |
| Depreciation | 1,426 |
| | 40,645 |
| | 19,085 |
| | — |
| | 61,156 |
| Amortization of intangibles | — |
| | 37,661 |
| | 20,265 |
| | — |
| | 57,926 |
| Total operating costs and expenses | 116,279 |
| | 1,829,380 |
| | 797,000 |
| | (11,839 | ) | | 2,730,820 |
| Operating (loss) income | (116,279 | ) | | 457,241 |
| | 37,765 |
| | — |
| | 378,727 |
| Equity in earnings (losses) of unconsolidated affiliates | 253,582 |
| | 34,613 |
| | 452 |
| | (298,344 | ) | | (9,697 | ) | Interest expense | (51,988 | ) | | (4,246 | ) | | (80 | ) | | — |
| | (56,314 | ) | Other income (expense), net | 2,688 |
| | (3,315 | ) | | (42,160 | ) | | — |
| | (42,787 | ) | Earnings (loss) from continuing operations before income taxes | 88,003 |
| | 484,293 |
| | (4,023 | ) | | (298,344 | ) | | 269,929 |
| Income tax benefit (provision) | 152,197 |
| | (172,128 | ) | | (15,441 | ) | | — |
| | (35,372 | ) | Earnings (loss) from continuing operations | 240,200 |
| | 312,165 |
| | (19,464 | ) | | (298,344 | ) | | 234,557 |
| Earnings from discontinued operations, net of tax | 174,673 |
| | — |
| | 570 |
| | (570 | ) | | 174,673 |
| Net earnings (loss) | 414,873 |
| | 312,165 |
| | (18,894 | ) | | (298,914 | ) | | 409,230 |
| Net loss attributable to noncontrolling interests | — |
| | — |
| | 5,643 |
| | — |
| | 5,643 |
| Net earnings (loss) attributable to IAC shareholders | $ | 414,873 |
| | $ | 312,165 |
| | $ | (13,251 | ) | | $ | (298,914 | ) | | $ | 414,873 |
| Comprehensive income (loss)attributable to IAC shareholders | $ | 340,219 |
| | $ | 303,976 |
| | $ | (84,767 | ) | | $ | (219,209 | ) | | $ | 340,219 |
|
Statement of operations for the year ended December 31, 2013: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 2,183,969 |
| | $ | 843,133 |
| | $ | (4,115 | ) | | $ | 3,022,987 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 2,456 |
| | 600,511 |
| | 403,614 |
| | (2,860 | ) | | 1,003,721 |
| Selling and marketing expense | 2,563 |
| | 769,115 |
| | 185,865 |
| | (1,133 | ) | | 956,410 |
| General and administrative expense | 97,025 |
| | 164,173 |
| | 117,066 |
| | (122 | ) | | 378,142 |
| Product development expense | 4,685 |
| | 100,350 |
| | 34,724 |
| | — |
| | 139,759 |
| Depreciation | 1,386 |
| | 38,938 |
| | 18,585 |
| | — |
| | 58,909 |
| Amortization of intangibles | — |
| | 40,277 |
| | 19,566 |
| | — |
| | 59,843 |
| Total operating 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 | — |
| | — |
| | 2,059 |
| | — |
| | 2,059 |
| Net earnings attributable to IAC shareholders | $ | 285,784 |
| | $ | 337,818 |
| | $ | 170,782 |
| | $ | (508,600 | ) | | $ | 285,784 |
| Comprehensive income attributable to IAC shareholders | $ | 304,907 |
| | $ | 338,683 |
| | $ | 181,481 |
| | $ | (520,164 | ) | | $ | 304,907 |
|
Statement of operations for the year ended December 31, 2012: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 1,986,527 |
| | $ | 820,759 |
| | $ | (6,353 | ) | | $ | 2,800,933 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 5,194 |
| | 597,588 |
| | 393,811 |
| | (4,905 | ) | | 991,688 |
| Selling and marketing expense | 4,081 |
| | 669,448 |
| | 222,374 |
| | (1,465 | ) | | 894,438 |
| General and administrative expense | 121,919 |
| | 152,166 |
| | 112,359 |
| | 17 |
| | 386,461 |
| Product development expense | 5,611 |
| | 83,008 |
| | 27,907 |
| | — |
| | 116,526 |
| Depreciation | 832 |
| | 35,544 |
| | 16,105 |
| | — |
| | 52,481 |
| Amortization of intangibles | — |
| | 10,958 |
| | 24,813 |
| | — |
| | 35,771 |
| Total operating 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 earnings attributable to noncontrolling interests | — |
| | — |
| | (1,530 | ) | | — |
| | (1,530 | ) | Net earnings attributable to IAC shareholders | $ | 159,266 |
| | $ | 321,441 |
| | $ | 29,703 |
| | $ | (351,144 | ) | | $ | 159,266 |
| Comprehensive income attributable to IAC shareholders | $ | 139,540 |
| | $ | 322,212 |
| | $ | 29,828 |
| | $ | (352,040 | ) | | $ | 139,540 |
|
|
| Condensed Cash Flow Statement |
Statement of cash flows for the year ended December 31, 2014: | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities attributable to continuing operations | $ | (114,773 | ) | | $ | 543,087 |
| | $ | (4,266 | ) | | $ | 424,048 |
| Cash flows from investing activities attributable to continuing operations: | | | | | | | | Acquisitions, net of cash acquired | — |
| | (191,238 | ) | | (68,153 | ) | | (259,391 | ) | Capital expenditures | (1,843 | ) | | (40,422 | ) | | (14,968 | ) | | (57,233 | ) | Proceeds from maturities and sales of marketable debt securities | 21,644 |
| | — |
| | — |
| | 21,644 |
| Purchases of marketable debt securities | (175,826 | ) | | — |
| | — |
| | (175,826 | ) | Proceeds from sales of long-term investments and a business | — |
| | — |
| | 58,388 |
| | 58,388 |
| Purchases of long-term investments | (4,800 | ) | | (7,043 | ) | | (12,491 | ) | | (24,334 | ) | Other, net | (2,000 | ) | | 11 |
| | (1,053 | ) | | (3,042 | ) | Net cash used in investing activities attributable to continuing operations | (162,825 | ) | | (238,692 | ) | | (38,277 | ) | | (439,794 | ) | Cash flows from financing activities attributable to continuing operations: | | | | | | | | Dividends | (97,338 | ) | | — |
| | — |
| | (97,338 | ) | Issuance of common stock, net of withholding taxes | 1,609 |
| | — |
| | — |
| | 1,609 |
| Excess tax benefits from stock-based awards | 34,214 |
| | — |
| | 10,743 |
| | 44,957 |
| Purchase of noncontrolling interests | — |
| | (30,000 | ) | | (3,165 | ) | | (33,165 | ) | Funds returned from escrow for Meetic tender offer | — |
| | — |
| | 12,354 |
| | 12,354 |
| Acquisition-related contingent consideration payments | — |
| | (736 | ) | | (7,373 | ) | | (8,109 | ) | Debt issuance costs | (383 | ) | | — |
| | — |
| | (383 | ) | Intercompany | 323,666 |
| | (271,309 | ) | | (52,357 | ) | | — |
| Other, net | — |
| | (1,365 | ) | | 460 |
| | (905 | ) | Net cash provided by (used in) financing activities attributable to continuing operations | 261,768 |
| | (303,410 | ) | | (39,338 | ) | | (80,980 | ) | Total cash (used in) provided by continuing operations | (15,830 | ) | | 985 |
| | (81,881 | ) | | (96,726 | ) | Total cash used in discontinued operations | (116 | ) | | — |
| | (29 | ) | | (145 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | 36 |
| | (13,204 | ) | | (13,168 | ) | Net (decrease) increase in cash and cash equivalents | (15,946 | ) | | 1,021 |
| | (95,114 | ) | | (110,039 | ) | Cash and cash equivalents at beginning of period | 782,022 |
| | — |
| | 318,422 |
| | 1,100,444 |
| Cash and cash equivalents at end of period | $ | 766,076 |
| | $ | 1,021 |
| | $ | 223,308 |
| | $ | 990,405 |
|
Statement of cash flows for the year ended December 31, 2013: | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | 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 | — |
| | (6,382 | ) | | (34,052 | ) | | (40,434 | ) | 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 and assets | 7,839 |
| | 50,850 |
| | 24,402 |
| | 83,091 |
| Purchases of long-term investments | (17,814 | ) | | — |
| | (33,266 | ) | | (51,080 | ) | Other, net | — |
| | (1,725 | ) | | (1,804 | ) | | (3,529 | ) | Net cash provided by (used in) investing activities attributable to continuing operations | 1,140 |
| | (21,188 | ) | | (59,713 | ) | | (79,761 | ) | 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 | ) | Acquisition-related contingent consideration payment | — |
| | (256 | ) | | — |
| | (256 | ) | 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 |
| | (515,945 | ) | | 156,894 |
| | 17,666 |
| 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 | | 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 | ) | | (331,182 | ) | | (33,913 | ) | | (400,254 | ) | 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 and a business | 14,194 |
| | 272 |
| | 150 |
| | 14,616 |
| Purchases of long-term investments | (27,187 | ) | | (724 | ) | | (8,183 | ) | | (36,094 | ) | Other, net | (351 | ) | | (155 | ) | | (9,417 | ) | | (9,923 | ) | Net cash provided by (used in) investing activities attributable to continuing operations | 89,077 |
| | (361,339 | ) | | (69,045 | ) | | (341,307 | ) | 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 | ) | Acquisition-related contingent consideration payments | — |
| | (10,781 | ) | | — |
| | (10,781 | ) | 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 | ) | | (92,335 | ) | | 138,755 |
| | 33,520 |
| 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 |
|
|