2019 Q1 Form 10-Q Financial Statement

#000089110319000009 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $464.6M $995.1M
YoY Change -53.31% 30.79%
Cost Of Revenue $260.1M $202.0M
YoY Change 28.77% 38.37%
Gross Profit $204.6M $793.1M
YoY Change -74.21% 28.99%
Gross Profit Margin 44.03% 79.7%
Selling, General & Admin $635.5M $587.0M
YoY Change 8.26% 18.83%
% of Gross Profit 310.66% 74.01%
Research & Development $88.70M $76.94M
YoY Change 15.29% 40.5%
% of Gross Profit 43.36% 9.7%
Depreciation & Amortization $18.97M $19.26M
YoY Change -1.49% -3.17%
% of Gross Profit 9.27% 2.43%
Operating Expenses $724.2M $664.0M
YoY Change 9.07% 20.99%
Operating Profit $117.6M $89.95M
YoY Change 30.69% 142.71%
Interest Expense $81.45M $26.51M
YoY Change 207.32% 6.91%
% of Operating Profit 69.29% 29.47%
Other Income/Expense, Net $651.0K -$4.619M
YoY Change -114.09% -40.12%
Pretax Income $49.38M $58.83M
YoY Change -16.06% 1191.74%
Income Tax $14.47M -$29.01M
% Of Pretax Income 29.31% -49.32%
Net Earnings $88.70M $71.08M
YoY Change 24.78% 171.21%
Net Earnings / Revenue 19.09% 7.14%
Basic Earnings Per Share $0.50 $0.86
Diluted Earnings Per Share $0.43 $0.71
COMMON SHARES
Basic Shares Outstanding 83.91M shares 82.98M shares
Diluted Shares Outstanding 203.8M shares 89.07M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.258B $287.5M
YoY Change 685.3% -34.09%
Cash & Equivalents $2.217B $1.658B
Short-Term Investments $40.40M
Other Short-Term Assets $226.5M $234.5M
YoY Change -3.42% -0.97%
Inventory
Prepaid Expenses
Receivables $345.7M $325.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.830B $2.223B
YoY Change 27.3% 17.84%
LONG-TERM ASSETS
Property, Plant & Equipment $325.9M $301.9M
YoY Change 7.96% 3.48%
Goodwill $2.746B $2.601B
YoY Change 5.56% 35.89%
Intangibles $608.1M $653.2M
YoY Change -6.9% 99.94%
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $113.8M $85.74M
YoY Change 32.68% 5.96%
Total Long-Term Assets $4.330B $3.808B
YoY Change 13.71% 39.34%
TOTAL ASSETS
Total Short-Term Assets $2.830B $2.223B
Total Long-Term Assets $4.330B $3.808B
Total Assets $7.160B $6.031B
YoY Change 18.72% 30.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.80M $16.50M
YoY Change 1.82% -43.1%
Accrued Expenses $423.6M $361.4M
YoY Change 17.19% 13.3%
Deferred Revenue $360.0M $374.3M
YoY Change -3.82%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.75M $14.12M
YoY Change -2.62% 182.4%
Total Short-Term Liabilities $907.8M $829.5M
YoY Change 9.44% 22.09%
LONG-TERM LIABILITIES
Long-Term Debt $2.332B $1.981B
YoY Change 17.76% 25.99%
Other Long-Term Liabilities $217.5M $31.40M
YoY Change 592.78% -35.4%
Total Long-Term Liabilities $2.550B $2.012B
YoY Change 26.73% 24.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $907.8M $829.5M
Total Long-Term Liabilities $2.550B $2.012B
Total Liabilities $3.458B $2.841B
YoY Change 21.68% 23.54%
SHAREHOLDERS EQUITY
Retained Earnings $1.347B $702.9M
YoY Change 91.7% 122.21%
Common Stock $11.87B $12.09B
YoY Change -1.86% 1.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.31B $10.23B
YoY Change 0.81% 0.0%
Treasury Stock Shares 194.7M shares 194.2M shares
Shareholders Equity $2.780B $2.495B
YoY Change
Total Liabilities & Shareholders Equity $7.160B $6.031B
YoY Change 18.72% 30.56%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $88.70M $71.08M
YoY Change 24.78% 171.21%
Depreciation, Depletion And Amortization $18.97M $19.26M
YoY Change -1.49% -3.17%
Cash From Operating Activities $102.9M $152.0M
YoY Change -32.28% 123.99%
INVESTING ACTIVITIES
Capital Expenditures $25.86M $14.80M
YoY Change 74.68% 32.66%
Acquisitions $21.56M $21.30M
YoY Change 1.22% -59.33%
Other Investing Activities $1.215M -$9.347M
YoY Change -113.0% 4288.26%
Cash From Investing Activities $55.61M -$44.89M
YoY Change -223.88% -150.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$73.66M -$83.15M
YoY Change -11.41% -30.23%
NET CHANGE
Cash From Operating Activities $102.9M $152.0M
Cash From Investing Activities $55.61M -$44.89M
Cash From Financing Activities -$73.66M -$83.15M
Net Change In Cash $85.70M $26.72M
YoY Change 220.8% -36.79%
FREE CASH FLOW
Cash From Operating Activities $102.9M $152.0M
Capital Expenditures $25.86M $14.80M
Free Cash Flow $77.09M $137.2M
YoY Change -43.82% 141.96%

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ProvisionForDoubtfulAccounts
15005000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9528000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-65107000 USD
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-31895000 USD
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-18741000 USD
CY2018Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-13726000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
88367000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29901000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6730000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
22680000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-26829000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7592000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6154000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-7034000 USD
CY2019Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
26770000 USD
CY2018Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
41725000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
102941000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152008000 USD
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
234800000 USD
CY2019Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
386900000 USD
CY2019Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
360000000.0 USD
CY2019Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1700000 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21555000 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21295000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25855000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14801000 USD
CY2019Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
123500000 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
5000000 USD
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
39740000 USD
CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
4975000 USD
CY2019Q1 iac Proceedsfrom Divestitureof Businessand Saleof Longterm Investments
ProceedsfromDivestitureofBusinessandSaleofLongtermInvestments
20472000 USD
CY2018Q1 iac Proceedsfrom Divestitureof Businessand Saleof Longterm Investments
ProceedsfromDivestitureofBusinessandSaleofLongtermInvestments
15000 USD
CY2019Q1 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0 USD
CY2018Q1 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
18180000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1215000 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9347000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
55607000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44889000 USD
CY2019Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5542000 USD
CY2018Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
193000 USD
CY2019Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3182000 USD
CY2018Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
234000 USD
CY2019Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2018Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
185000 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
27000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2669000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-73660000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-83150000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
84888000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
23969000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
815000 USD
CY2018Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2746000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
85703000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26715000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2133685000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1633682000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2219388000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1660397000 USD
CY2019Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1500000 USD
CY2019Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
42300000 USD
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
Accounting Estimates<div style="line-height:120%;padding-bottom:16px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated 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 contingent assets and liabilities. Actual results could differ from these estimates.</span></div><div style="line-height:120%;padding-bottom:16px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On an ongoing basis, the Company evaluates its estimates and judgments, including those related to: contingencies; the recoverability of goodwill and indefinite-lived intangible assets; the useful lives and recoverability of definite-lived intangible assets and property and equipment; the fair values of cash equivalents and marketable debt securities; equity securities without readily determinable fair values; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the determination of revenue reserves; the fair value of acquisition-related contingent consideration arrangements; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant.</span></div>
CY2019Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Certain Risks and ConcentrationsA meaningful portion of the Company's revenue is derived from online advertising, the market for which is highly competitive and rapidly changing. Significant changes in this industry or changes in advertising spending behavior or in customer buying behavior could adversely affect our operating results. Most of the Company's online advertising revenue is attributable to a services agreement with Google Inc. ("Google").
CY2019Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationsCertain prior year amounts have been reclassified to conform to the current year presentation.
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
172558000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
31215000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
185752000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
216967000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
10492000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2319000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
12811000 USD
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1300000 USD
CY2019Q1 us-gaap Sublease Income
SubleaseIncome
500000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
30727000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
41238000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
35037000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
28211000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
25022000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
230683000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
390918000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
173951000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
216967000 USD
CY2019Q1 iac Lessee Operating Lease Lease Notyet Commenced Amount
LesseeOperatingLeaseLeaseNotyetCommencedAmount
54500000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y9M18D
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0599
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28270000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
13175000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-63600000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-29000000.0 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
51300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
52300000 USD
CY2019Q1 iac Unrecognized Tax Benefits Unrelated To Federal Income Taxes Statute Of Limitations Expiring To Be Recognized In Subsequent Periods That Would Income Impact Tax Expense Continuing Operations
UnrecognizedTaxBenefitsUnrelatedToFederalIncomeTaxesStatuteOfLimitationsExpiringToBeRecognizedInSubsequentPeriodsThatWouldIncomeImpactTaxExpenseContinuingOperations
48000000.0 USD
CY2018Q4 iac Unrecognized Tax Benefits Unrelated To Federal Income Taxes Statute Of Limitations Expiring To Be Recognized In Subsequent Periods That Would Income Impact Tax Expense Continuing Operations
UnrecognizedTaxBenefitsUnrelatedToFederalIncomeTaxesStatuteOfLimitationsExpiringToBeRecognizedInSubsequentPeriodsThatWouldIncomeImpactTaxExpenseContinuingOperations
49100000 USD
CY2019Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
24000000.0 USD
CY2019Q1 iac Decreasein Unrecognized Tax Benefitsis Reasonably Possible Amountwhichwould Reduce Income Tax Provision
DecreaseinUnrecognizedTaxBenefitsisReasonablyPossibleAmountwhichwouldReduceIncomeTaxProvision
23500000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
39954000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
123246000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
447000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
419000 USD
CY2019Q1 iac Debt Securities Tradingand Equity Securities Fvni
DebtSecuritiesTradingandEquitySecuritiesFVNI
40401000 USD
CY2018Q4 iac Debt Securities Tradingand Equity Securities Fvni
DebtSecuritiesTradingandEquitySecuritiesFVNI
123665000 USD
CY2019Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
39954000 USD
CY2019Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2019Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
39954000 USD
CY2019Q1 iac Contractual Maturityof Current Availablefor Sale Securities
ContractualMaturityofCurrentAvailableforSaleSecurities
P1Y
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
123246000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
123246000 USD
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82983000 shares
CY2019Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
123500000 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
5000000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 USD
CY2019Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
234600000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
235100000 USD
CY2019Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 USD
CY2018Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 USD
CY2019Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
150000 USD
CY2018Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
192000 USD
CY2019Q1 iac Equity Securitieswithout Readily Determinable Fair Value Annual Amount
EquitySecuritieswithoutReadilyDeterminableFairValueAnnualAmount
-150000 USD
CY2018Q1 iac Equity Securitieswithout Readily Determinable Fair Value Annual Amount
EquitySecuritieswithoutReadilyDeterminableFairValueAnnualAmount
-192000 USD
CY2019Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount
129000000.0 USD
CY2019Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentCumulativeAmount
2600000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
78000 USD
CY2018Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-103000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-122000 USD
CY2018Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
145000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-44000 USD
CY2018Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
42000 USD
CY2019Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1774663000 USD
CY2019Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
28186000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1818666000 USD
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
28631000 USD
CY2019Q1 us-gaap Business Combination Contingent Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
45000000.0 USD
CY2019Q1 iac Business Acquisition Contingent Consideration Fair Valueat Balance Sheet Date With A Maximum Limit
BusinessAcquisitionContingentConsiderationFairValueatBalanceSheetDateWithAMaximumLimit
44000000.0 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83905000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82983000 shares
CY2019Q1 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
2000000.0 USD
CY2019Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
28200000 USD
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
26600000 USD
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2000000.0 USD
CY2019Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 USD
CY2019Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
88800000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
88900000 USD
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2332234000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2245548000 USD
CY2019Q1 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
0 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
112985000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
112985000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
87839000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
87839000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
24290000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
24290000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16757000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16757000 USD
CY2019Q1 us-gaap Dilutive Securities
DilutiveSecurities
-6696000 USD
CY2018Q1 us-gaap Dilutive Securities
DilutiveSecurities
-7442000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
88695000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
81999000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
71082000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
63640000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83905000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6435000 shares
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6086000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83905000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90340000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82983000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89069000 shares
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2019Q1 iac Debt Instrument Exchange Price Per Share
DebtInstrumentExchangePricePerShare
152.18
CY2019Q1 iac Debt Instrument Exchange Price Per Share
DebtInstrumentExchangePricePerShare
152.18
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1105843000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
995075000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1105843000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
995075000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
325888000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
318800000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
79873000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
89950000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
79873000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
31143000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
651000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
49381000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-63604000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
112985000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
24290000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
88695000 USD
CY2018Q1 us-gaap Operating Income Loss
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CONTINGENCIES<div style="line-height:120%;padding-bottom:16px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where we believe an unfavorable outcome is not probable and, therefore, </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, 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 income 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 </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> 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><a href="#s85D0236F201B5290A43B2CD7D0AF6FA5" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 4—Income Taxes</span></a><span style="font-family:inherit;font-size:10pt;">" for additional information related to income tax contingencies.</span></div><span style="font-family:inherit;font-size:10pt;">On August 14, 2018, </span><span style="font-family:inherit;font-size:10pt;"><span>ten</span></span><span style="font-family:inherit;font-size:10pt;"> then-current and former employees of Match Group, LLC or Tinder, Inc. ("Tinder"), an operating business of Match Group, filed a lawsuit in New York state court against IAC and Match Group. </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">See Sean Rad et al. v. IAC/InterActiveCorp and Match Group, Inc.</span><span style="font-family:inherit;font-size:10pt;">, No. 654038/2018 (Supreme Court, New York County). The complaint alleges that in 2017, the defendants: (i) wrongfully interfered with a contractually established process for the independent valuation of Tinder by certain investment banks, resulting in a substantial undervaluation of Tinder and a consequent underpayment to the plaintiffs upon exercise of their Tinder stock options, and (ii) then wrongfully merged Tinder into Match Group, thereby depriving one of the plaintiffs (Mr. Rad) of his contractual right to later valuations of Tinder on a stand-alone basis. The complaint asserts claims for breach of contract, breach of the implied covenant of good faith and fair dealing, unjust enrichment, interference with contractual relations (as against Match Group only), and interference with prospective economic advantage, and seeks compensatory damages in the amount of at least </span><span style="font-family:inherit;font-size:10pt;"><span>$2 billion</span></span>, as well as punitive damages. IAC and Match Group believe that the allegations in this lawsuit are without merit and will continue to defend vigorously against it.
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