XML 71 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue $ 1,228,765 $ 1,105,843
Operating costs and expenses:    
Cost of revenue (exclusive of depreciation shown separately below) 323,221 260,071
Selling and marketing expense 432,697 421,860
General and administrative expense 256,021 213,616
Product development expense 105,733 88,700
Depreciation 24,738 18,971
Amortization of intangibles 52,162 22,752
Goodwill impairment 211,973 0
Total operating costs and expenses 1,406,545 1,025,970
Operating (loss) income (177,780) 79,873
Interest expense (44,866) (31,143)
Other (expense) income, net (49,893) 651
(Loss) earnings before income taxes (272,539) 49,381
Income tax benefit 89,896 63,604
Net (loss) earnings (182,643) 112,985
Net earnings attributable to noncontrolling interests (28,397) (24,290)
Net (loss) earnings attributable to IAC shareholders $ (211,040) $ 88,695
Per share information attributable to IAC shareholders:    
Basic earnings per share (USD per share) $ (2.49) $ 1.06
Diluted earnings per share (USD per share) $ (2.49) $ 0.91
Stock-based compensation expense by function:    
Stock-based compensation expense $ 58,464 $ 67,444
Cost of revenue    
Stock-based compensation expense by function:    
Stock-based compensation expense 1,185 1,289
Selling and marketing expense    
Stock-based compensation expense by function:    
Stock-based compensation expense 2,424 2,717
General and administrative expense    
Stock-based compensation expense by function:    
Stock-based compensation expense 44,637 45,010
Product development expense    
Stock-based compensation expense by function:    
Stock-based compensation expense $ 10,218 $ 18,428