FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash and Cash Equivalents and Restricted Cash

The 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 is as follows:


	December 31, 2021		December 31, 2020		December 31, 2019		December 31, 2018
	(In thousands)
Cash and cash equivalents	$	321,900	$	110,011	$	1,939	$	985
Restricted cash included in other current assets	445		26		24		23
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	322,345	$	110,037	$	1,963	$	1,008

Restricted cash at December 31, 2021 primarily consisted of deposits related to a lease and corporate credit cards.

Restricted cash at December 31, 2020, 2019, and 2018 primarily consisted of a deposit related to corporate credit cards.

Prepaid Expenses and Other Current Assets


	December 31,
	2021		2020
	(In thousands)
Prepaid expenses	$	11,377	$	4,027
Other current assets	7,434		3,905
Prepaid expenses and other current assets	$	18,811	$	7,932

Accrued Expenses and Other Current Liabilities


	December 31,
	2021		2020
	(In thousands)
Accrued employee compensation and benefits	$	23,082	$	18,881
Due to IAC (a)	12,554		—
Other accrued expenses and current liabilities	31,749		28,551
Accrued expenses and other current liabilities	$	67,385	$	47,432

____________________

(a) As of December 31, 2021, includes $6.1 million related to the operating lease agreements as described in "Note 14 —Related Party Transactions."

Other Income (Expense), net


	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Other income (expense), net	$	10,241	$	93	$	(6,441)

Other income (expense), net, generally relates to net foreign exchange gains and losses.

Other income (expense), net in 2021 also included a net gain of $10.2 million related to the sale of Vimeo’s retained interest in its former hardware business. Vimeo previously sold live streaming devices and accessories through its former hardware business. Vimeo retained an interest in its former hardware business after it sold a majority stake on March 29, 2019 that provided it with rights to participate in and receive distributions in the event of positive cash flows or proceeds should there be another sale of the business. In the first quarter of 2021, the former hardware business, inclusive of Vimeo's retained

interest, was sold in exchange for cash consideration which includes amounts held in escrow. Vimeo may receive additional consideration based on the revenue of its former hardware business relative to established targets through December 31, 2021. Such amounts will be recognized as income only if, and at the point in time, any additional consideration is received, or when it becomes probable that additional consideration will be received.

Other income (expense), net in 2019 also included a realized loss of $8.2 million related to the sale of the Company's majority stake in its former hardware business in 2020 and a $2.0 million realized gain on the sale of an investment.

Supplemental Disclosure of Cash Flow Information


	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Cash paid (received) during the year for:
Interest	$	5,064	$	10,653	$	6,529
Income tax payments	$	801	$	957	103
Income tax refunds	$	(62)	$	(70)	—

Geographic Concentrations

Geographic information about revenue and long-lived assets is presented below.

Revenue by geography is based on where the customer is located. The United States is the only country whose revenue is greater than 10 percent of total revenue of the Company for the years ended December 31, 2021, 2020, and 2019.


	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Revenue:
United States	$	197,576	$	139,826	$	100,275
All other countries	194,102		143,392		95,740
Total	$	391,678	$	283,218	$	196,015

Long-lived assets, excluding goodwill, intangible assets with definite lives and ROU assets, at December 31, 2021 and December 31, 2020 relate to "Leasehold improvements and equipment, net."


	December 31,
	2021		2020
	(In thousands)
Leasehold improvements and equipment, net:
United States	$	1,901	$	2,549
All other countries	967		772
Total	$	2,868	$	3,321