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CONSOLIDATED FINANCIAL STATEMENT DETAILS | 12 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
CONSOLIDATED FINANCIAL STATEMENT DETAILS | NOTE 16—CONSOLIDATED FINANCIAL STATEMENT DETAILS
| December 31,
| 2023 |  | 2022
| (In thousands)
Other current assets: |  |  |
Prepaid expenses | $ | 46,433 |  |  | $ | 45,089 |
Capitalized mobile app fees | 33,122 |  |  | 38,185 |
Other | 24,468 |  |  | 26,053 |
Other current assets | $ | 104,023 |  |  | $ | 109,327 |
| December 31,
| 2023 |  | 2022
| (In thousands)
Property and equipment, net: |  |  |
Computer equipment and capitalized software | $ | 275,398 |  |  | $ | 180,410 |
Buildings and building improvements | 67,019 |  |  | 67,139 |
Leasehold improvements | 53,163 |  |  | 45,371 |
Land | 11,565 |  |  | 11,565 |
Furniture and other equipment | 17,148 |  |  | 20,861 |
Projects in progress | 19,455 |  |  | 49,199 |
| 443,748 |  |  | 374,545 |
Accumulated depreciation and amortization | (249,223) |  |  | (198,409) |
Property and equipment, net | $ | 194,525 |  |  | $ | 176,136 |
| December 31,
| 2023 |  | 2022
| (In thousands)
Accrued expenses and other current liabilities: |  |  |
Accrued employee compensation and benefits | $ | 103,336 |  |  | $ | 90,098 |
Accrued advertising expense | 59,639 |  |  | 49,509 |
Accrued non-income taxes | 34,216 |  |  | 38,017 |
Accrued interest expense | 30,184 |  |  | 30,148 |
Other | 79,924 |  |  | 82,165 |
Accrued expenses and other current liabilities | $ | 307,299 |  |  | $ | 289,937 |
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In thousands)
Other income (expense), net | $ | 19,772 |  |  | $ | 8,033 |  |  | $ | (465,038) |
Other income, net, in 2023 includes interest income of $26.8 million, partially offset by $7.9 million in net foreign currency losses. Other income, net, in 2022 includes interest income of $4.4 million, gains of $3.5 million related to finalization of a legal settlement, and gains of $2.7 million related to mark-to-market adjustments pertaining to liability classified equity instruments; partially offset by $2.0 million in net foreign currency losses. Other expense, net, in 2021 includes a $441.0 million loss related to the former Tinder employee litigation settlement, a $14.6 million loss related to the changes in fair value of an embedded derivative arising from the repurchase of a portion of the 2022 Exchangeable Notes, a $5.2 million inducement expense arising from the repurchased 2022 Exchangeable Notes, and $1.8 million in net foreign currency losses; partially offset by $2.4 million of gains on the net settlement of the note hedges and warrants. Cash and Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:
| December 31,
| 2023 |  | 2022 |  | 2021 |  | 2020
| (In thousands)
Cash and cash equivalents | $ | 862,440 |  |  | $ | 572,395 |  |  | $ | 815,384 |  |  | $ | 739,164 |
Restricted cash included in other current assets | — |  |  | 121 |  |  | 128 |  |  | 138 |
Total cash, cash equivalents, and restricted cash as shown on the consolidated statement of cash flow | $ | 862,440 |  |  | $ | 572,516 |  |  | $ | 815,512 |  |  | $ | 739,302 |
Supplemental Disclosures of Cash Flow Information
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In thousands)
Cash paid (received) during the year for: |  |  |  |  |
Interest | $ | 152,481 |  |  | $ | 138,045 |  |  | $ | 117,528 |
Income tax payments | $ | 110,428 |  |  | $ | 60,026 |  |  | $ | 54,766 |
Income tax refunds | $ | (8,394) |  |  | $ | (13,658) |  |  | $ | (13,840) |
Noncash issuance of common stock for the acquisition of Hyperconnect | $ | — |  |  | $ | — |  |  | $ | 890,851 |

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