2024 Q3 Form 10-Q Financial Statement

#000180022724000046 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $938.7M $1.111B
YoY Change -15.53% -14.57%
Cost Of Revenue $257.8M $342.4M
YoY Change -24.69% -24.51%
Gross Profit $680.9M $769.0M
YoY Change -11.45% -9.25%
Gross Profit Margin 72.54% 69.19%
Selling, General & Admin $523.5M $617.9M
YoY Change -15.27% -17.58%
% of Gross Profit 76.89% 80.35%
Research & Development $78.26M $79.71M
YoY Change -1.82% 7.61%
% of Gross Profit 11.49% 10.37%
Depreciation & Amortization $26.45M $95.10M
YoY Change -72.19% -35.89%
% of Gross Profit 3.88% 12.37%
Operating Expenses $601.8M $697.6M
YoY Change -13.73% -15.31%
Operating Profit $16.33M -$32.74M
YoY Change -149.87% -73.74%
Interest Expense -$373.9M $40.16M
YoY Change -1031.12% 36.44%
% of Operating Profit -2290.26%
Other Income/Expense, Net $16.36M $25.46M
YoY Change -35.72% 29.36%
Pretax Income -$353.3M -$510.9M
YoY Change -30.85% 455.81%
Income Tax -$115.8M -$118.8M
% Of Pretax Income
Net Earnings -$243.7M -$390.5M
YoY Change -37.59% 511.91%
Net Earnings / Revenue -25.96% -35.14%
Basic Earnings Per Share -$2.93 -$4.72
Diluted Earnings Per Share -$2.93 -$4.72
COMMON SHARES
Basic Shares Outstanding 83.18M shares 82.83M shares
Diluted Shares Outstanding 83.18M shares 82.83M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.745B $1.426B
YoY Change 22.36% -12.18%
Cash & Equivalents $1.720B $1.252B
Short-Term Investments $24.95M $173.7M
Other Short-Term Assets $178.4M $266.8M
YoY Change -33.13% -1.13%
Inventory
Prepaid Expenses
Receivables $477.8M $519.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.401B $2.212B
YoY Change 8.54% -10.85%
LONG-TERM ASSETS
Property, Plant & Equipment $400.5M $478.3M
YoY Change -16.25% -18.09%
Goodwill $2.882B $3.022B
YoY Change -4.63% 0.45%
Intangibles $757.8M $1.000B
YoY Change -24.22% -22.03%
Long-Term Investments $2.530B $5.400M
YoY Change 46752.69% 27.24%
Other Assets $418.4M $494.6M
YoY Change -15.4% -41.87%
Total Long-Term Assets $7.436B $7.806B
YoY Change -4.74% -1.94%
TOTAL ASSETS
Total Short-Term Assets $2.401B $2.212B
Total Long-Term Assets $7.436B $7.806B
Total Assets $9.837B $10.02B
YoY Change -1.81% -4.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.12M $144.0M
YoY Change -44.36% -8.92%
Accrued Expenses $634.3M $683.7M
YoY Change -7.23% -7.4%
Deferred Revenue $117.0M $165.8M
YoY Change -29.43% 4.41%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $43.13M $30.00M
YoY Change 43.75% 0.0%
Total Short-Term Liabilities $874.5M $1.023B
YoY Change -14.53% -5.72%
LONG-TERM LIABILITIES
Long-Term Debt $1.960B $2.000B
YoY Change -1.99% -1.31%
Other Long-Term Liabilities $434.8M $488.6M
YoY Change -11.01% -24.92%
Total Long-Term Liabilities $2.395B $2.488B
YoY Change -3.76% -7.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $874.5M $1.023B
Total Long-Term Liabilities $2.395B $2.488B
Total Liabilities $3.269B $3.512B
YoY Change -6.9% -6.67%
SHAREHOLDERS EQUITY
Retained Earnings -$340.0M -$326.8M
YoY Change 4.03% 23.99%
Common Stock $6.362B $6.327B
YoY Change 0.56% 0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $252.4M $252.5M
YoY Change -0.01% 195.9%
Treasury Stock Shares
Shareholders Equity $5.760B $5.741B
YoY Change
Total Liabilities & Shareholders Equity $9.837B $10.02B
YoY Change -1.81% -4.05%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$243.7M -$390.5M
YoY Change -37.59% 511.91%
Depreciation, Depletion And Amortization $26.45M $95.10M
YoY Change -72.19% -35.89%
Cash From Operating Activities $95.35M $14.30M
YoY Change 566.77% -115.28%
INVESTING ACTIVITIES
Capital Expenditures $15.50M $18.50M
YoY Change -16.22% -147.2%
Acquisitions
YoY Change
Other Investing Activities $61.49M -$57.70M
YoY Change -206.57% 94.38%
Cash From Investing Activities $45.99M -$76.20M
YoY Change -160.36% 10.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.65M -11.20M
YoY Change 236.16% -70.09%
NET CHANGE
Cash From Operating Activities 95.35M 14.30M
Cash From Investing Activities 45.99M -76.20M
Cash From Financing Activities -37.65M -11.20M
Net Change In Cash 103.7M -73.10M
YoY Change -241.85% -63.44%
FREE CASH FLOW
Cash From Operating Activities $95.35M $14.30M
Capital Expenditures $15.50M $18.50M
Free Cash Flow $79.85M -$4.200M
YoY Change -2001.14% -92.28%

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CY2023Q3 us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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CY2024Q3 us-gaap Earnings Per Share Basic
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2024Q3 iaci Adjustments To Additional Paid In Capital Adjustment To Liquidation Value
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CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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iaci Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest Total
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us-gaap Minority Interest Decrease From Redemptions
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iaci Adjustmentof Redeemable Noncontrolling Interestto Fair Value
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iaci Adjustments To Additional Paid In Capital Adjustment To Liquidation Value
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us-gaap Stockholders Equity Other
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q3 iaci Adjustmentof Redeemable Noncontrolling Interestto Fair Value
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CY2023Q3 iaci Adjustments To Additional Paid In Capital Adjustment To Liquidation Value
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iaci Adjustmentof Redeemable Noncontrolling Interestto Fair Value
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iaci Adjustments To Additional Paid In Capital Adjustment To Liquidation Value
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us-gaap Stockholders Equity Other
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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iaci Accounts Receivable Credit Loss Expense Reversaland Recovery
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iaci Accounts Receivable Credit Loss Expense Reversaland Recovery
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iaci Operating Lease Non Cash Lease Expense
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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ProceedsFromSaleOfProductiveAssets
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us-gaap Proceeds From Sale Of Productive Assets
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
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iaci Proceedsfrom Divestitureof Businessand Saleof Longterm Investments
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iaci Proceedsfrom Divestitureof Businessand Saleof Longterm Investments
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iaci Payments To Acquire Retirement Investment Fund
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iaci Payments To Acquire Retirement Investment Fund
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iaci Proceeds From Sale Of Retirement Investment Fund
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us-gaap Proceeds From Collection Of Notes Receivable
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us-gaap Proceeds From Collection Of Notes Receivable
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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us-gaap Payments To Minority Shareholders
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us-gaap Payments To Minority Shareholders
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
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us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Accounting Estimates</span></div><div style="margin-bottom:12pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of assets and liabilities. Actual results could differ from these estimates.</span></div><div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On an ongoing basis, the Company evaluates its estimates, judgments and assumptions, including those related to: the fair values of cash equivalents and marketable debt and equity securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the recoverability of right-of-use assets ("ROU assets"); the useful lives and recoverability of buildings, capitalized software, equipment and leasehold improvements and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; the fair value of interest rate swaps; contingencies; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and postretirement benefit expenses, including actuarial assumptions regarding discount rates, expected returns on plan assets, inflation and healthcare costs; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that the Company considers relevant.</span></div>
CY2024Q3 us-gaap Contract With Customer Liability Current
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117000000.0 usd
CY2024Q3 us-gaap Contract With Customer Liability Noncurrent
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100000 usd
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CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
100000 usd
us-gaap Contract With Customer Liability Revenue Recognized
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108300000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
147800000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
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CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
200000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement")</span></div><div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company and Google are parties to an amended Services Agreement, which automatically renewed effective March 31, 2023 and expires on March 31, 2025. The Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement. A portion of the Company’s net cash from operating activities that it can freely access is attributable to revenue earned pursuant to the Services Agreement and other revenue earned from Google.</span></div><div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Services Agreement requires that the Company comply with certain guidelines promulgated by Google. Google may generally unilaterally update its policies and guidelines without advance notice. These updates may be specific to the Services Agreement or could be more general and thereby impact the Company as well as other companies. These policy and guideline updates have in the past (and could in the future) require modifications to, or prohibit and/or render obsolete certain of our products, services and/or business practices, which have negatively impacted revenue and been costly to address (and could in the future), which have had and could have an adverse effect on our business, financial condition and results of operations.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current year presentation.</span></div>
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NumberOfInvestmentsInMarketableEquitySecurities
0 investment
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NumberOfInvestmentsInMarketableEquitySecurities
2 investment
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us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2024Q3 us-gaap Available For Sale Securities Debt Securities
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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27000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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0 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
148998000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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0 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
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EquityMethodInvestments
2530045000 usd
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CY2024Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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447771000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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404848000 usd
CY2024Q3 us-gaap Other Long Term Investments
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CY2024Q3 iaci Equity Securities Without Readily Determinable Fair Value And Other Long Term Investments
EquitySecuritiesWithoutReadilyDeterminableFairValueAndOtherLongTermInvestments
447771000 usd
CY2023Q4 iaci Equity Securities Without Readily Determinable Fair Value And Other Long Term Investments
EquitySecuritiesWithoutReadilyDeterminableFairValueAndOtherLongTermInvestments
411216000 usd
CY2024Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
1901000 usd
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
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0 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
1901000 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
2227000 usd
CY2024Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
17061000 usd
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
0 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
24928000 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
373000 usd
CY2024Q3 iaci Equity Securitieswithout Readily Determinable Fair Value Annual Amount
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InterestIncomeOther
18342000 usd
us-gaap Interest Income Other
InterestIncomeOther
66009000 usd
us-gaap Interest Income Other
InterestIncomeOther
52612000 usd
CY2024Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-4193000 usd
CY2023Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-743000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-4836000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-217000 usd
CY2024Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1374000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1685000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-510000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
396000 usd
CY2024Q3 iaci Gain Loss On Disposition Of Business Investments And Upward Downward Adjustment On Equity Securities Without Readily Determinable Fair Value
GainLossOnDispositionOfBusinessInvestmentsAndUpwardDownwardAdjustmentOnEquitySecuritiesWithoutReadilyDeterminableFairValue
-11673000 usd
CY2023Q3 iaci Gain Loss On Disposition Of Business Investments And Upward Downward Adjustment On Equity Securities Without Readily Determinable Fair Value
GainLossOnDispositionOfBusinessInvestmentsAndUpwardDownwardAdjustmentOnEquitySecuritiesWithoutReadilyDeterminableFairValue
1318000 usd
iaci Gain Loss On Disposition Of Business Investments And Upward Downward Adjustment On Equity Securities Without Readily Determinable Fair Value
GainLossOnDispositionOfBusinessInvestmentsAndUpwardDownwardAdjustmentOnEquitySecuritiesWithoutReadilyDeterminableFairValue
16530000 usd
iaci Gain Loss On Disposition Of Business Investments And Upward Downward Adjustment On Equity Securities Without Readily Determinable Fair Value
GainLossOnDispositionOfBusinessInvestmentsAndUpwardDownwardAdjustmentOnEquitySecuritiesWithoutReadilyDeterminableFairValue
2666000 usd
CY2024Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6457000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
20393000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1274000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
105000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
280000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1397000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5572000 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
16363000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
25455000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
105861000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
60189000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
29200000 usd
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
CONTINGENCIES<div style="margin-bottom:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the ordinary course of business, the Company is subject to various lawsuits and other contingent matters. The Company establishes accruals for specific legal and other matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain legal and other matters where it believes an unfavorable outcome is not probable and, therefore, no accrual is established. Although management currently believes that resolving claims against the Company, including claims where an unfavorable outcome is reasonably possible, and for which the Company cannot estimate a loss or range of loss, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The Company also evaluates other contingent matters, including unrecognized tax benefits and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See "</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i834edc3299c0453da000f57805108cc5_67" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 7—Income Taxes</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">" for information related to unrecognized tax benefits.</span></div>
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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