GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Guarantor and Nonguarantor Financial Statements [Abstract] |
|
| Condensed Balance Sheet |
Balance sheet at December 31, 2016: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Cash and cash equivalents | $ | 552,699 |
| | $ | — |
| | $ | 776,488 |
| | $ | — |
| | $ | 1,329,187 |
| Marketable securities | 89,342 |
| | — |
| | — |
| | — |
| | 89,342 |
| Accounts receivable, net | — |
| | 90,807 |
| | 129,331 |
| | — |
| | 220,138 |
| Other current assets | 71,152 |
| | 30,515 |
| | 102,401 |
| | — |
| | 204,068 |
| Intercompany receivables | — |
| | 735,108 |
| | 1,047,757 |
| | (1,782,865 | ) | | — |
| Property and equipment, net | 4,350 |
| | 178,806 |
| | 123,092 |
| | — |
| | 306,248 |
| Goodwill | — |
| | 521,740 |
| | 1,402,312 |
| | — |
| | 1,924,052 |
| Intangible assets, net | — |
| | 83,179 |
| | 272,272 |
| | — |
| | 355,451 |
| Investment in subsidiaries | 3,659,570 |
| | 557,802 |
| | — |
| | (4,217,372 | ) | | — |
| Other non-current assets | 52,228 |
| | 111,037 |
| | 169,595 |
| | (115,473 | ) | | 217,387 |
| Total assets | $ | 4,429,341 |
| | $ | 2,308,994 |
| | $ | 4,023,248 |
| | $ | (6,115,710 | ) | | $ | 4,645,873 |
| | | | | | | | | | | Current portion of long-term debt | $ | 20,000 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 20,000 |
| Accounts payable, trade | 2,697 |
| | 38,283 |
| | 21,883 |
| | — |
| | 62,863 |
| Other current liabilities | 42,159 |
| | 120,279 |
| | 468,087 |
| | — |
| | 630,525 |
| Long-term debt, net of current portion | 405,991 |
| | — |
| | 1,176,493 |
| | — |
| | 1,582,484 |
| Income taxes payable | — |
| | 3,470 |
| | 30,274 |
| | (216 | ) | | 33,528 |
| Intercompany liabilities | 1,782,865 |
| | — |
| | — |
| | (1,782,865 | ) | | — |
| Other long-term liabilities | 306,407 |
| | 22,714 |
| | 59,112 |
| | (115,257 | ) | | 272,976 |
| Redeemable noncontrolling interests | — |
| | — |
| | 32,827 |
| | — |
| | 32,827 |
| IAC shareholders' equity | 1,869,222 |
| | 2,124,248 |
| | 2,093,124 |
| | (4,217,372 | ) | | 1,869,222 |
| Noncontrolling interests | — |
| | — |
| | 141,448 |
| | — |
| | 141,448 |
| Total liabilities and shareholders' equity | $ | 4,429,341 |
| | $ | 2,308,994 |
| | $ | 4,023,248 |
| | $ | (6,115,710 | ) | | $ | 4,645,873 |
|
Balance sheet at December 31, 2015: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Cash and cash equivalents | $ | 1,073,053 |
| | $ | — |
| | $ | 408,394 |
| | $ | — |
| | $ | 1,481,447 |
| Marketable securities | 27,578 |
| | — |
| | 11,622 |
| | — |
| | 39,200 |
| Accounts receivable, net | 33 |
| | 115,280 |
| | 134,764 |
| | — |
| | 250,077 |
| Other current assets | 30,813 |
| | 46,128 |
| | 97,345 |
| | — |
| | 174,286 |
| Intercompany receivables | — |
| | 637,324 |
| | 963,146 |
| | (1,600,470 | ) | | — |
| Property and equipment, net | 4,432 |
| | 198,890 |
| | 99,495 |
| | — |
| | 302,817 |
| Goodwill | — |
| | 776,569 |
| | 1,468,795 |
| | — |
| | 2,245,364 |
| Intangible assets, net | — |
| | 135,817 |
| | 305,011 |
| | — |
| | 440,828 |
| Investment in subsidiaries | 3,128,765 |
| | 466,601 |
| | — |
| | (3,595,366 | ) | | — |
| Other non-current assets | 84,368 |
| | 11,258 |
| | 174,038 |
| | (14,992 | ) | | 254,672 |
| Total assets | $ | 4,349,042 |
| | $ | 2,387,867 |
| | $ | 3,662,610 |
| | $ | (5,210,828 | ) | | $ | 5,188,691 |
| | | | | | | | | | | Current portion of long-term debt | $ | — |
| | $ | — |
| | $ | 40,000 |
| | $ | — |
| | $ | 40,000 |
| Accounts payable, trade | 4,711 |
| | 42,104 |
| | 40,068 |
| | — |
| | 86,883 |
| Other current liabilities | 62,833 |
| | 140,077 |
| | 438,753 |
| | — |
| | 641,663 |
| Long-term debt, net of current portion | 550,083 |
| | — |
| | 1,176,871 |
| | — |
| | 1,726,954 |
| Income taxes payable | 152 |
| | 3,435 |
| | 30,105 |
| | — |
| | 33,692 |
| Intercompany liabilities | 1,600,470 |
| | — |
| | — |
| | (1,600,470 | ) | | — |
| Other long-term liabilities | 326,267 |
| | 18,160 |
| | 83,848 |
| | (14,992 | ) | | 413,283 |
| Redeemable noncontrolling interests | — |
| | — |
| | 30,391 |
| | — |
| | 30,391 |
| IAC shareholders' equity | 1,804,526 |
| | 2,184,091 |
| | 1,411,275 |
| | (3,595,366 | ) | | 1,804,526 |
| Noncontrolling interests | — |
| | — |
| | 411,299 |
| | — |
| | 411,299 |
| Total liabilities and shareholders' equity | $ | 4,349,042 |
| | $ | 2,387,867 |
| | $ | 3,662,610 |
| | $ | (5,210,828 | ) | | $ | 5,188,691 |
|
|
| Condensed Statement of Operations |
Statement of operations for the year ended December 31, 2016: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 1,381,525 |
| | $ | 1,771,568 |
| | $ | (13,211 | ) | | $ | 3,139,882 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 859 |
| | 302,293 |
| | 452,990 |
| | (412 | ) | | 755,730 |
| Selling and marketing expense | 2,353 |
| | 689,933 |
| | 565,906 |
| | (12,929 | ) | | 1,245,263 |
| General and administrative expense | 89,583 |
| | 163,315 |
| | 294,132 |
| | 130 |
| | 547,160 |
| Product development expense | 4,807 |
| | 82,071 |
| | 111,007 |
| | — |
| | 197,885 |
| Depreciation | 1,610 |
| | 31,366 |
| | 38,700 |
| | — |
| | 71,676 |
| Amortization of intangibles | — |
| | 41,157 |
| | 38,269 |
| | — |
| | 79,426 |
| Goodwill impairment | — |
| | 253,245 |
| | 22,122 |
| | — |
| | 275,367 |
| Total operating costs and expenses | 99,212 |
| | 1,563,380 |
| | 1,523,126 |
| | (13,211 | ) | | 3,172,507 |
| Operating (loss) income | (99,212 | ) | | (181,855 | ) | | 248,442 |
| | — |
| | (32,625 | ) | Equity in earnings (losses) of unconsolidated affiliates | 49,536 |
| | (23,573 | ) | | — |
| | (25,963 | ) | | — |
| Interest expense | (26,876 | ) | | — |
| | (82,234 | ) | | — |
| | (109,110 | ) | Other (expense) income, net | (2,059 | ) | | 10,040 |
| | 52,480 |
| | — |
| | 60,461 |
| (Loss) earnings from continuing operations before income taxes | (78,611 | ) | | (195,388 | ) | | 218,688 |
| | (25,963 | ) | | (81,274 | ) | Income tax benefit (provision) | 37,142 |
| | 60,504 |
| | (32,712 | ) | | — |
| | 64,934 |
| (Loss) earnings from continuing operations | (41,469 | ) | | (134,884 | ) | | 185,976 |
| | (25,963 | ) | | (16,340 | ) | Earnings from discontinued operations, net of tax | 189 |
| | — |
| | 9 |
| | (9 | ) | | 189 |
| Net (loss) earnings | (41,280 | ) | | (134,884 | ) | | 185,985 |
| | (25,972 | ) | | (16,151 | ) | Net earnings attributable to noncontrolling interests | — |
| | — |
| | (25,129 | ) | | — |
| | (25,129 | ) | Net (loss) earnings attributable to IAC shareholders | $ | (41,280 | ) | | $ | (134,884 | ) | | $ | 160,856 |
| | $ | (25,972 | ) | | $ | (41,280 | ) | Comprehensive (loss) income attributable to IAC shareholders | $ | (76,431 | ) | | $ | (115,899 | ) | | $ | 114,376 |
| | $ | 1,523 |
| | $ | (76,431 | ) |
Statement of operations for the year ended December 31, 2015: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 1,635,345 |
| | $ | 1,605,597 |
| | $ | (10,009 | ) | | $ | 3,230,933 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 720 |
| | 334,931 |
| | 443,700 |
| | (1,190 | ) | | 778,161 |
| Selling and marketing expense | 3,210 |
| | 819,354 |
| | 531,872 |
| | (8,860 | ) | | 1,345,576 |
| General and administrative expense | 93,090 |
| | 157,013 |
| | 275,485 |
| | 41 |
| | 525,629 |
| Product development expense | 4,311 |
| | 85,582 |
| | 95,873 |
| | — |
| | 185,766 |
| Depreciation | 1,918 |
| | 27,276 |
| | 33,011 |
| | — |
| | 62,205 |
| Amortization of intangibles | — |
| | 102,622 |
| | 37,330 |
| | — |
| | 139,952 |
| Goodwill impairment | — |
| | 14,056 |
| | — |
| | — |
| | 14,056 |
| Total operating costs and expenses | 103,249 |
| | 1,540,834 |
| | 1,417,271 |
| | (10,009 | ) | | 3,051,345 |
| Operating (loss) income | (103,249 | ) | | 94,511 |
| | 188,326 |
| | — |
| | 179,588 |
| Equity in earnings of unconsolidated affiliates | 215,092 |
| | 18,137 |
| | — |
| | (233,229 | ) | | — |
| Interest expense | (49,405 | ) | | (6,130 | ) | | (18,101 | ) | | — |
| | (73,636 | ) | Other (expense) income, net | (3,201 | ) | | 27,903 |
| | 12,219 |
| | — |
| | 36,921 |
| Earnings from continuing operations before income taxes | 59,237 |
| | 134,421 |
| | 182,444 |
| | (233,229 | ) | | 142,873 |
| Income tax benefit (provision) | 60,218 |
| | (47,280 | ) | | (42,454 | ) | | — |
| | (29,516 | ) | Earnings from continuing operations | 119,455 |
| | 87,141 |
| | 139,990 |
| | (233,229 | ) | | 113,357 |
| Earnings (loss) from discontinued operations, net of tax | 17 |
| | — |
| | (12 | ) | | 12 |
| | 17 |
| Net earnings | 119,472 |
| | 87,141 |
| | 139,978 |
| | (233,217 | ) | | 113,374 |
| Net loss attributable to noncontrolling interests | — |
| | — |
| | 6,098 |
| | — |
| | 6,098 |
| Net earnings attributable to IAC shareholders | $ | 119,472 |
| | $ | 87,141 |
| | $ | 146,076 |
| | $ | (233,217 | ) | | $ | 119,472 |
| Comprehensive income attributable to IAC shareholders | $ | 55,069 |
| | $ | 83,664 |
| | $ | 80,248 |
| | $ | (163,912 | ) | | $ | 55,069 |
|
Statement of operations for the year ended December 31, 2014: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 1,637,345 |
| | $ | 1,484,041 |
| | $ | (11,839 | ) | | $ | 3,109,547 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 998 |
| | 414,255 |
| | 447,704 |
| | (2,753 | ) | | 860,204 |
| Selling and marketing expense | 2,138 |
| | 696,173 |
| | 457,401 |
| | (8,303 | ) | | 1,147,409 |
| General and administrative expense | 105,221 |
| | 127,122 |
| | 211,222 |
| | 45 |
| | 443,610 |
| Product development expense | 6,496 |
| | 76,482 |
| | 78,365 |
| | (828 | ) | | 160,515 |
| Depreciation | 1,426 |
| | 25,670 |
| | 34,060 |
| | — |
| | 61,156 |
| Amortization of intangibles | — |
| | 31,863 |
| | 26,063 |
| | — |
| | 57,926 |
| Total operating costs and expenses | 116,279 |
| | 1,371,565 |
| | 1,254,815 |
| | (11,839 | ) | | 2,730,820 |
| Operating (loss) income | (116,279 | ) | | 265,780 |
| | 229,226 |
| | — |
| | 378,727 |
| Equity in earnings of unconsolidated affiliates | 257,714 |
| | 3,369 |
| | — |
| | (261,083 | ) | | — |
| Interest expense | (51,988 | ) | | (4,187 | ) | | (139 | ) | | — |
| | (56,314 | ) | Other (expense) income, net | (1,444 | ) | | 6,381 |
| | (57,421 | ) | | — |
| | (52,484 | ) | Earnings from continuing operations before income taxes | 88,003 |
| | 271,343 |
| | 171,666 |
| | (261,083 | ) | | 269,929 |
| Income tax benefit (provision) | 152,197 |
| | (104,606 | ) | | (82,963 | ) | | — |
| | (35,372 | ) | Earnings from continuing operations | 240,200 |
| | 166,737 |
| | 88,703 |
| | (261,083 | ) | | 234,557 |
| Earnings from discontinued operations, net of tax | 174,673 |
| | — |
| | 570 |
| | (570 | ) | | 174,673 |
| Net earnings | 414,873 |
| | 166,737 |
| | 89,273 |
| | (261,653 | ) | | 409,230 |
| Net loss attributable to noncontrolling interests | — |
| | — |
| | 5,643 |
| | — |
| | 5,643 |
| Net earnings attributable to IAC shareholders | $ | 414,873 |
| | $ | 166,737 |
| | $ | 94,916 |
| | $ | (261,653 | ) | | $ | 414,873 |
| Comprehensive income attributable to IAC shareholders | $ | 340,219 |
| | $ | 158,538 |
| | $ | 23,409 |
| | $ | (181,947 | ) | | $ | 340,219 |
|
|
| Condensed Statement of Cash Flows |
Statement of cash flows for the year ended December 31, 2016: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities attributable to continuing operations | $ | (84,770 | ) | | $ | 203,563 |
| | $ | 173,584 |
| | $ | — |
| | $ | 292,377 |
| Cash flows from investing activities attributable to continuing operations: | | | | | | | | | | Acquisitions, net of cash acquired | — |
| | — |
| | (18,403 | ) | | — |
| | (18,403 | ) | Capital expenditures | (479 | ) | | (19,317 | ) | | (58,243 | ) | | — |
| | (78,039 | ) | Investments in time deposits | — |
| | — |
| | (87,500 | ) | | — |
| | (87,500 | ) | Proceeds from maturities of time deposits | — |
| | — |
| | 87,500 |
| | — |
| | 87,500 |
| Proceeds from maturities and sales of marketable debt securities | 252,369 |
| | — |
| | — |
| | — |
| | 252,369 |
| Purchases of marketable debt securities | (313,943 | ) | | — |
| | — |
| | — |
| | (313,943 | ) | Purchases of investments | — |
| | — |
| | (12,565 | ) | | — |
| | (12,565 | ) | Net proceeds from the sale of businesses and investments | 73,843 |
| | 1,779 |
| | 96,606 |
| | — |
| | 172,228 |
| Intercompany | (215,711 | ) | | — |
| | — |
| | 215,711 |
| | — |
| Other, net | 126 |
| | 643 |
| | 10,446 |
| | — |
| | 11,215 |
| Net cash (used in) provided by investing activities attributable to continuing operations | (203,795 | ) | | (16,895 | ) | | 17,841 |
| | 215,711 |
| | 12,862 |
| Cash flows from financing activities attributable to continuing operations: | | | | | | | | | | Principal payments on Match Group Term Loan | — |
| | — |
| | (450,000 | ) | | — |
| | (450,000 | ) | Proceeds from Match Group 2016 Senior Notes offering | — |
| | — |
| | 400,000 |
| | — |
| | 400,000 |
| Principal payments on IAC debt, including redemptions and repurchases of Senior Notes | (126,409 | ) | | — |
| | — |
| | — |
| | (126,409 | ) | Debt issuance costs | — |
| | — |
| | (7,811 | ) | | — |
| | (7,811 | ) | Purchase of treasury stock | (308,948 | ) | | — |
| | — |
| | — |
| | (308,948 | ) | Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes | (895 | ) | | — |
| | — |
| | — |
| | (895 | ) | Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes | — |
| | — |
| | 9,548 |
| | — |
| | 9,548 |
| Excess tax benefits from stock-based awards | 22,084 |
| | — |
| | 29,680 |
| | — |
| | 51,764 |
| Purchase of noncontrolling interests | (1,400 | ) | | — |
| | (1,340 | ) | | — |
| | (2,740 | ) | Acquisition-related contingent consideration payments | — |
| | (351 | ) | | (1,829 | ) | | — |
| | (2,180 | ) | Funds held in escrow for MyHammer tender offer | — |
| | — |
| | (10,548 | ) | | — |
| | (10,548 | ) | Intercompany | 184,233 |
| | (184,233 | ) | | 215,711 |
| | (215,711 | ) | | — |
| Other, net | (454 | ) | | (2,084 | ) | | (308 | ) | | — |
| | (2,846 | ) | Net cash (used in) provided by financing activities attributable to continuing operations | (231,789 | ) | | (186,668 | ) | | 183,103 |
| | (215,711 | ) | | (451,065 | ) | Total cash (used in) provided by continuing operations | (520,354 | ) | | — |
| | 374,528 |
| | — |
| | (145,826 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | (6,434 | ) | | — |
| | (6,434 | ) | Net (decrease) increase in cash and cash equivalents | (520,354 | ) | | — |
| | 368,094 |
| | — |
| | (152,260 | ) | Cash and cash equivalents at beginning of period | 1,073,053 |
| | — |
| | 408,394 |
| | — |
| | 1,481,447 |
| Cash and cash equivalents at end of period | $ | 552,699 |
| | $ | — |
| | $ | 776,488 |
| | $ | — |
| | $ | 1,329,187 |
|
Statement of cash flows for the year ended December 31, 2015: | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities attributable to continuing operations | $ | (139,227 | ) | | $ | 258,582 |
| | $ | 230,050 |
| | $ | 349,405 |
| Cash flows from investing activities attributable to continuing operations: | | | | | | | | Acquisitions, net of cash acquired | — |
| | (6,078 | ) | | (611,324 | ) | | (617,402 | ) | Capital expenditures | (1,332 | ) | | (21,905 | ) | | (38,812 | ) | | (62,049 | ) | Proceeds from maturities and sales of marketable debt securities | 218,462 |
| | — |
| | — |
| | 218,462 |
| Purchases of marketable debt securities | (93,134 | ) | | — |
| | — |
| | (93,134 | ) | Purchases of investments | (6,978 | ) | | — |
| | (27,492 | ) | | (34,470 | ) | Net proceeds from the sale of investments and business | 1,277 |
| | — |
| | 8,136 |
| | 9,413 |
| Other, net | 3,613 |
| | 385 |
| | (7,539 | ) | | (3,541 | ) | Net cash provided by (used in) investing activities attributable to continuing operations | 121,908 |
| | (27,598 | ) | | (677,031 | ) | | (582,721 | ) | Cash flows from financing activities attributable to continuing operations: | | | | | | | | Borrowings under Match Group Term Loan | — |
| | — |
| | 788,000 |
| | 788,000 |
| Principal payment on Liberty Bond | — |
| | (80,000 | ) | | — |
| | (80,000 | ) | Debt issuance costs | (1,876 | ) | | — |
| | (17,174 | ) | | (19,050 | ) | Fees and expenses related to note exchange | — |
| | — |
| | (6,954 | ) | | (6,954 | ) | Proceeds from Match Group IPO, net of fees and expenses | — |
| | — |
| | 428,789 |
| | 428,789 |
| Purchase of treasury stock | (200,000 | ) | | — |
| | — |
| | (200,000 | ) | Dividends | (113,196 | ) | | — |
| | — |
| | (113,196 | ) | Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes | (38,418 | ) | | — |
| | — |
| | (38,418 | ) | Repurchase of stock-based awards | — |
| | — |
| | (23,431 | ) | | (23,431 | ) | Excess tax benefits from stock-based awards | 18,034 |
| | — |
| | 38,384 |
| | 56,418 |
| Purchase of noncontrolling interests | — |
| | — |
| | (32,207 | ) | | (32,207 | ) | Acquisition-related contingent consideration payments | — |
| | (240 | ) | | (5,510 | ) | | (5,750 | ) | Intercompany | 683,571 |
| | (150,744 | ) | | (532,827 | ) | | — |
| Other, net | (19,834 | ) | | — |
| | 441 |
| | (19,393 | ) | Net cash provided by (used in) financing activities attributable to continuing operations | 328,281 |
| | (230,984 | ) | | 637,511 |
| | 734,808 |
| Total cash provided by continuing operations | 310,962 |
| | — |
| | 190,530 |
| | 501,492 |
| Total cash used in discontinued operations | (140 | ) | | — |
| | (12 | ) | | (152 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | (10,298 | ) | | (10,298 | ) | Net increase in cash and cash equivalents | 310,822 |
| | — |
| | 180,220 |
| | 491,042 |
| Cash and cash equivalents at beginning of period | 762,231 |
| | — |
| | 228,174 |
| | 990,405 |
| Cash and cash equivalents at end of period | $ | 1,073,053 |
| | $ | — |
| | $ | 408,394 |
| | $ | 1,481,447 |
|
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 | $ | (109,745 | ) | | $ | 329,671 |
| | $ | 204,122 |
| | $ | 424,048 |
| Cash flows from investing activities attributable to continuing operations: | | | | | | | | Acquisitions, net of cash acquired | — |
| | (97,463 | ) | | (161,928 | ) | | (259,391 | ) | Capital expenditures | (1,843 | ) | | (26,640 | ) | | (28,750 | ) | | (57,233 | ) | Proceeds from maturities and sales of marketable debt securities | 21,644 |
| | — |
| | — |
| | 21,644 |
| Purchases of marketable debt securities | (175,826 | ) | | — |
| | — |
| | (175,826 | ) | Purchases of investments | (4,800 | ) | | (2,087 | ) | | (17,447 | ) | | (24,334 | ) | Net proceeds from the sale of investments and assets | — |
| | — |
| | 58,388 |
| | 58,388 |
| Other, net | (2,000 | ) | | 11 |
| | (1,053 | ) | | (3,042 | ) | Net cash used in investing activities attributable to continuing operations | (162,825 | ) | | (126,179 | ) | | (150,790 | ) | | (439,794 | ) | Cash flows from financing activities attributable to continuing operations: | | | | | | | | Debt issuance costs | (383 | ) | | — |
| | — |
| | (383 | ) | Dividends | (97,338 | ) | | — |
| | — |
| | (97,338 | ) | Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes | 1,609 |
| | — |
| | — |
| | 1,609 |
| Excess tax benefits from stock-based awards | 29,186 |
| | — |
| | 15,771 |
| | 44,957 |
| Purchase of noncontrolling interests | — |
| | — |
| | (33,165 | ) | | (33,165 | ) | Acquisition-related contingent consideration payments | — |
| | (406 | ) | | (7,703 | ) | | (8,109 | ) | Intercompany | 321,192 |
| | (201,802 | ) | | (119,390 | ) | | — |
| Other, net | — |
| | (1,310 | ) | | 12,759 |
| | 11,449 |
| Net cash provided by (used in) financing activities attributable to continuing operations | 254,266 |
| | (203,518 | ) | | (131,728 | ) | | (80,980 | ) | Total cash used in continuing operations | (18,304 | ) | | (26 | ) | | (78,396 | ) | | (96,726 | ) | Total cash used in discontinued operations | (116 | ) | | — |
| | (29 | ) | | (145 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | 26 |
| | (13,194 | ) | | (13,168 | ) | Net decrease in cash and cash equivalents | (18,420 | ) | | — |
| | (91,619 | ) | | (110,039 | ) | Cash and cash equivalents at beginning of period | 780,651 |
| | — |
| | 319,793 |
| | 1,100,444 |
| Cash and cash equivalents at end of period | $ | 762,231 |
| | $ | — |
| | $ | 228,174 |
| | $ | 990,405 |
|
|