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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The overall concept that ANGI employs in determining its operating segments is to present the financial information in a manner consistent with: how the chief operating decision maker views the businesses; how the businesses are organized as to segment management; and the focus of the businesses with regards to the types of services or products offered or the target market.
The following table presents revenue by reportable segment:
Years Ended December 31,
202020192018
(In thousands)
Revenue:
North America$1,395,428 $1,249,892 $1,062,171 
Europe72,497 76,313 70,070 
Total$1,467,925 $1,326,205 $1,132,241 
The following table presents the revenue of the Company’s segments disaggregated by type of service:
Years Ended December 31,
202020192018
(In thousands)
North America
Marketplace:
Consumer connection revenue(a)
$1,054,660 $913,533 $704,341 
Service professional membership subscription revenue50,975 63,872 66,214 
Other revenue25,685 15,263 3,940 
Total Marketplace revenue 1,131,320 992,668 774,495 
Advertising and other revenue(b)
264,108 257,224 287,676 
Total North America revenue1,395,428 1,249,892 1,062,171 
Europe
Consumer connection revenue(c)
57,692 59,611 50,913 
Service professional membership subscription revenue13,091 14,231 17,362 
Advertising and other revenue1,714 2,471 1,795 
Total Europe revenue72,497 76,313 70,070 
Total revenue$1,467,925 $1,326,205 $1,132,241 
___________________________
(a)    Includes fees paid by service professionals for consumer matches and revenue from pre-priced jobs sourced through the HomeAdvisor and Handy platforms.
(b)    Includes Angie’s List revenue from service professionals under contract for advertising and Angie’s List membership subscription fees from consumers, as well as revenue from mHelpDesk, HomeStars and Felix. Felix was sold on December 31, 2018 and its revenue for the year ended December 31, 2018 was $36.9 million.
(c)    Includes fees paid by service professionals for consumer matches.
Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:
Years Ended December 31,
202020192018
(In thousands)
Revenue:
United States$1,379,236 $1,234,755 $1,050,641 
All other countries88,689 91,450 81,600 
Total$1,467,925 $1,326,205 $1,132,241 
The United States is the only country whose revenue is greater than 10% of total revenue of the Company for the years ended December 31, 2020, 2019 and 2018.
December 31,
20202019
(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States$97,841 $95,822 
All other countries11,001 7,539 
Total$108,842 $103,361 
The following tables present operating income (loss) and Adjusted EBITDA by reportable segment:
Years Ended December 31,
202020192018
(In thousands)
Operating income (loss):
North America$4,811 $48,967 $78,102 
Europe(11,179)(10,322)(14,196)
Total$(6,368)$38,645 $63,906 
Years Ended December 31,
202020192018
(In thousands)
Adjusted EBITDA(d):
North America$178,854 $208,192 $253,963 
Europe$(6,050)$(5,895)$(6,457)
___________________________
(d)    The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.
The following tables reconcile operating income (loss) for the Company’s reportable segments and net (loss) earnings attributable to ANGI Homeservices Inc. shareholders to Adjusted EBITDA:
Year Ended December 31, 2020
Operating Income (Loss)Stock-Based Compensation ExpenseDepreciationAmortization of IntangiblesAdjusted EBITDA
(In thousands)
North America$4,811 $82,933 $48,515 $42,595 $178,854 
Europe(11,179)$716 $4,106 $307 $(6,050)
Operating (loss)(6,368)
Interest expense(14,178)
Other income, net 1,218 
Earnings before income taxes (19,328)
Income tax benefit15,168 
Net loss(4,160)
Net earnings attributable to noncontrolling interests (2,123)
Net loss attributable to ANGI Homeservices Inc. shareholders$(6,283)
Year Ended December 31, 2019
Operating Income (Loss)Stock-Based Compensation ExpenseDepreciationAmortization of IntangiblesAdjusted EBITDA
(In thousands)
North America$48,967 $67,646 $37,481 $54,098 $208,192 
Europe(10,322)$609 $2,434 $1,384 $(5,895)
Operating income38,645 
Interest expense(11,493)
Other income, net 6,494 
Earnings before income taxes 33,646 
Income tax benefit1,668 
Net earnings35,314 
Net earnings attributable to noncontrolling interests (485)
Net earnings attributable to ANGI Homeservices Inc. shareholders$34,829 
Year Ended December 31, 2018
Operating Income (Loss)Stock-Based Compensation ExpenseDepreciationAmortization of IntangiblesAdjusted EBITDA
(In thousands)
North America$78,102 $96,078 $21,888 $57,895 $253,963 
Europe(14,196)$1,000 $2,422 $4,317 $(6,457)
Operating income63,906 
Interest expense(11,623)
Other income, net 17,741 
Earnings before income taxes 70,024 
Income tax benefit7,483 
Net earnings77,507 
Net earnings attributable to noncontrolling interests (189)
Net earnings attributable to ANGI Homeservices Inc. shareholders$77,318 
The following table presents capital expenditures by reportable segment:
Years Ended December 31,
202020192018
(In thousands)
Capital expenditures:
North America$50,462 $64,215 $42,976 
Europe2,026 4,589 4,000 
Total$52,488 $68,804 $46,976