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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 1,381,736,000 $ 933,401,000
Marketable securities 0 148,998,000
Accounts receivable, net 483,020,000 485,550,000
Other current assets 125,208,000 186,528,000
Current assets of discontinued operations 495,072,000 486,115,000
Total current assets 2,485,036,000 2,240,592,000
Buildings, land, equipment, leasehold improvements and capitalized software, net 313,197,000 345,754,000
Goodwill 1,993,302,000 2,137,883,000
Intangible assets, net of accumulated amortization 554,473,000 703,932,000
Investment in MGM Resorts International 2,242,672,000 2,891,850,000
Long-term investments 438,534,000 411,216,000
Other non-current assets 324,901,000 419,817,000
Non-current assets of discontinued operations 1,336,529,000 1,351,469,000
TOTAL ASSETS 9,688,644,000 10,502,513,000
LIABILITIES:    
Current portion of long-term debt 35,000,000 30,000,000
Accounts payable, trade 53,672,000 76,047,000
Deferred revenue 56,560,000 93,590,000
Accrued expenses and other current liabilities 509,299,000 493,926,000
Current liabilities of discontinued operations 231,661,000 256,927,000
Total current liabilities 886,192,000 950,490,000
Long-term debt, net 1,435,007,000 1,497,107,000
Deferred income taxes 153,850,000 293,209,000
Other long-term liabilities 372,950,000 420,276,000
Non-current liabilities of discontinued operations 536,257,000 553,050,000
Redeemable noncontrolling interests 25,415,000 33,378,000
Commitments and contingencies
SHAREHOLDERS’ EQUITY:    
Additional paid-in capital 6,380,700,000 6,340,312,000
(Accumulated deficit) retained earnings (538,974,000) 923,000
Accumulated other comprehensive loss (11,396,000) (10,942,000)
Treasury stock, 4,350 shares at December 31, 2024 and 2023 (252,441,000) (252,441,000)
Total IAC shareholders’ equity 5,577,898,000 6,077,861,000
Noncontrolling interests 701,075,000 677,142,000
Total shareholders’ equity 6,278,973,000 6,755,003,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 9,688,644,000 10,502,513,000
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,831 and 84,465 shares issued and 80,481 and 80,115 shares outstanding at December 31, 2024 and 2023, respectively    
SHAREHOLDERS’ EQUITY:    
Common stock, value 8,000 8,000
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at December 31, 2024 and 2023    
SHAREHOLDERS’ EQUITY:    
Common stock, value $ 1,000 $ 1,000