SEGMENT INFORMATION (Tables)
|
6 Months Ended |
Jun. 30, 2015 |
| Segment Reporting [Abstract] |
|
| Schedule of reconciliation of revenues from segments to consolidated |
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2015 | | 2014 | | 2015 | | 2014 | | (In thousands) | Revenue: | | | | | | | | Search & Applications | $ | 351,366 |
| | $ | 395,716 |
| | $ | 734,264 |
| | $ | 793,751 |
| The Match Group | 254,690 |
| | 214,314 |
| | 493,901 |
| | 425,501 |
| Media | 36,210 |
| | 36,656 |
| | 79,822 |
| | 73,011 |
| eCommerce | 128,986 |
| | 109,949 |
| | 235,996 |
| | 204,791 |
| Inter-segment eliminations | (120 | ) | | (320 | ) | | (339 | ) | | (492 | ) | Total | $ | 771,132 |
| | $ | 756,315 |
| | $ | 1,543,644 |
| | $ | 1,496,562 |
|
|
| Schedule of reconciliation of operating income (loss) from segments to consolidated |
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2015 | | 2014 | | 2015 | | 2014 | | (In thousands) | Operating Income (Loss): | | | | | | | | Search & Applications | $ | 68,592 |
| | $ | 77,771 |
| | $ | 132,892 |
| | $ | 148,108 |
| The Match Group | 51,441 |
| | 61,198 |
| | 76,753 |
| | 101,001 |
| Media | (13,775 | ) | | (9,794 | ) | | (29,127 | ) | | (18,360 | ) | eCommerce | (1,004 | ) | | 8 |
| | (7,858 | ) | | (1,553 | ) | Corporate | (42,485 | ) | | (33,493 | ) | | (74,772 | ) | | (61,794 | ) | Total | $ | 62,769 |
| | $ | 95,690 |
| | $ | 97,888 |
| | $ | 167,402 |
|
|
| Schedule of reconciliation of Adjusted EBITDA from segments to consolidated |
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2015 | | 2014 | | 2015 | | 2014 | | (In thousands) | Adjusted EBITDA: | | | | | | | | Search & Applications | $ | 72,910 |
| | $ | 91,258 |
| | $ | 151,811 |
| | $ | 173,329 |
| The Match Group | 64,822 |
| | 69,368 |
| | 90,678 |
| | 116,798 |
| Media | (15,452 | ) | | (8,911 | ) | | (30,035 | ) | | (16,775 | ) | eCommerce | 2,681 |
| | 4,523 |
| | (456 | ) | | 7,327 |
| Corporate | (16,282 | ) | | (14,806 | ) | | (28,162 | ) | | (31,152 | ) | Total | $ | 108,679 |
| | $ | 141,432 |
| | $ | 183,836 |
| | $ | 249,527 |
|
|
| Schedule of revenue and long-lived assets, excluding goodwill and intangible assets, by geography |
Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2015 | | 2014 | | 2015 | | 2014 | | (In thousands) | Revenue: | | | | | | | | United States | $ | 566,224 |
| | $ | 511,862 |
| | $ | 1,136,237 |
| | $ | 1,016,265 |
| All other countries | 204,908 |
| | 244,453 |
| | 407,407 |
| | 480,297 |
| Total | $ | 771,132 |
| | $ | 756,315 |
| | $ | 1,543,644 |
| | $ | 1,496,562 |
|
| | | | | | | | | | June 30, 2015 | | December 31, 2014 | | (In thousands) | Long-lived assets (excluding goodwill and intangible assets): | | | | United States | $ | 278,004 |
| | $ | 281,879 |
| All other countries | 19,154 |
| | 20,580 |
| Total | $ | 297,158 |
| | $ | 302,459 |
|
|
| Schedule of reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments |
The following tables reconcile Adjusted EBITDA to operating income (loss) for the Company's reportable segments: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2015 | |
Adjusted EBITDA | | Stock-Based Compensation Expense | | Depreciation | | Amortization of Intangibles | | Acquisition-related Contingent Consideration Fair Value Adjustments | | Operating Income (Loss) | | (In thousands) | Search & Applications | $ | 72,910 |
| | $ | — |
| | $ | (3,685 | ) | | $ | (6,930 | ) | | $ | 6,297 |
| | $ | 68,592 |
| The Match Group | 64,822 |
| | (2,056 | ) | | (6,647 | ) | | (5,901 | ) | | 1,223 |
| | 51,441 |
| Media | (15,452 | ) | | (147 | ) | | (228 | ) | | (378 | ) | | 2,430 |
| | (13,775 | ) | eCommerce | 2,681 |
| | (420 | ) | | (2,063 | ) | | (1,202 | ) | | — |
| | (1,004 | ) | Corporate | (16,282 | ) | | (23,326 | ) | | (2,877 | ) | | — |
| | — |
| | (42,485 | ) | Total | $ | 108,679 |
| | $ | (25,949 | ) | | $ | (15,500 | ) | | $ | (14,411 | ) | | $ | 9,950 |
| | $ | 62,769 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2014 | |
Adjusted EBITDA | | Stock-Based Compensation Expense | | Depreciation | | Amortization of Intangibles | | Acquisition-related Contingent Consideration Fair Value Adjustments | | Operating Income (Loss) | | (In thousands) | Search & Applications | $ | 91,258 |
| | $ | — |
| | $ | (5,082 | ) | | $ | (8,405 | ) | | $ | — |
| | $ | 77,771 |
| The Match Group | 69,368 |
| | (170 | ) | | (5,589 | ) | | (1,684 | ) | | (727 | ) | | 61,198 |
| Media | (8,911 | ) | | (161 | ) | | (224 | ) | | (698 | ) | | 200 |
| | (9,794 | ) | eCommerce | 4,523 |
| | — |
| | (1,896 | ) | | (2,619 | ) | | — |
| | 8 |
| Corporate | (14,806 | ) | | (16,221 | ) | | (2,466 | ) | | — |
| | — |
| | (33,493 | ) | Total | $ | 141,432 |
| | $ | (16,552 | ) | | $ | (15,257 | ) | | $ | (13,406 | ) | | $ | (527 | ) | | $ | 95,690 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2015 | |
Adjusted EBITDA | | Stock-Based Compensation Expense | | Depreciation | | Amortization of Intangibles | | Acquisition-related Contingent Consideration Fair Value Adjustments | | Operating Income (Loss) | | (In thousands) | Search & Applications | $ | 151,811 |
| | $ | — |
| | $ | (7,301 | ) | | $ | (13,895 | ) | | $ | 2,277 |
| | $ | 132,892 |
| The Match Group | 90,678 |
| | (2,669 | ) | | (13,712 | ) | | (9,778 | ) | | 12,234 |
| | 76,753 |
| Media | (30,035 | ) | | (294 | ) | | (432 | ) | | (801 | ) | | 2,435 |
| | (29,127 | ) | eCommerce | (456 | ) | | (840 | ) | | (4,070 | ) | | (2,492 | ) | | — |
| | (7,858 | ) | Corporate | (28,162 | ) | | (41,057 | ) | | (5,553 | ) | | — |
| | — |
| | (74,772 | ) | Total | $ | 183,836 |
| | $ | (44,860 | ) | | $ | (31,068 | ) | | $ | (26,966 | ) | | $ | 16,946 |
| | $ | 97,888 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2014 | |
Adjusted EBITDA | | Stock-Based Compensation Expense | | Depreciation | | Amortization of Intangibles | | Acquisition-related Contingent Consideration Fair Value Adjustments | | Operating Income (Loss) | | (In thousands) | Search & Applications | $ | 173,329 |
| | $ | — |
| | $ | (9,547 | ) | | $ | (15,674 | ) | | $ | — |
| | $ | 148,108 |
| The Match Group | 116,798 |
| | (187 | ) | | (11,389 | ) | | (3,521 | ) | | (700 | ) | | 101,001 |
| Media | (16,775 | ) | | (325 | ) | | (506 | ) | | (954 | ) | | 200 |
| | (18,360 | ) | eCommerce | 7,327 |
| | — |
| | (3,644 | ) | | (5,236 | ) | | — |
| | (1,553 | ) | Corporate | (31,152 | ) | | (25,653 | ) | | (4,989 | ) | | — |
| | — |
| | (61,794 | ) | Total | $ | 249,527 |
| | $ | (26,165 | ) | | $ | (30,075 | ) | | $ | (25,385 | ) | | $ | (500 | ) | | $ | 167,402 |
|
|