$MTCH
Match Group, Inc.

2020 Q1 Form 10-Q Financial Statement

#000089110320000008 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $544.6M $547.2M $464.6M
YoY Change 17.22% -50.44% -53.31%
Cost Of Revenue $143.9M $294.6M $260.1M
YoY Change -44.67% 16.1% 28.77%
Gross Profit $400.7M $252.6M $204.6M
YoY Change 95.91% -70.3% -74.21%
Gross Profit Margin 73.58% 46.16% 44.03%
Selling, General & Admin $203.8M $169.3M $635.5M
YoY Change -67.93% 9.01% 8.26%
% of Gross Profit 50.86% 67.03% 310.66%
Research & Development $43.77M $38.40M $88.70M
YoY Change -50.65% 14.63% 15.29%
% of Gross Profit 10.92% 15.2% 43.36%
Depreciation & Amortization $9.394M $16.00M $18.97M
YoY Change -50.48% 58.42% -1.49%
% of Gross Profit 2.34% 6.33% 9.27%
Operating Expenses $247.6M $223.7M $724.2M
YoY Change -65.81% 12.41% 9.07%
Operating Profit $137.4M $181.3M $117.6M
YoY Change 16.85% 35.42% 30.69%
Interest Expense $111.0M -$42.00M $81.45M
YoY Change 36.28% 4.74% 207.32%
% of Operating Profit 80.81% -23.16% 69.29%
Other Income/Expense, Net $3.854M -$4.500M $651.0K
YoY Change 492.01% -260.71% -114.09%
Pretax Income $109.3M $134.9M $49.38M
YoY Change 121.4% 22.75% -16.06%
Income Tax $15.08M $15.00M $14.47M
% Of Pretax Income 13.79% 11.12% 29.31%
Net Earnings -$211.0M $124.3M $88.70M
YoY Change -337.94% -42.86% 24.78%
Net Earnings / Revenue -38.75% 22.71% 19.09%
Basic Earnings Per Share -$1.11 $0.59 $0.50
Diluted Earnings Per Share -$1.00 $0.51 $0.43
COMMON SHARES
Basic Shares Outstanding 183.1M shares 83.91M shares
Diluted Shares Outstanding 201.8M shares 203.8M shares

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $841.2M $485.7M $2.258B
YoY Change -62.74% 56.57% 685.3%
Cash & Equivalents $791.3M $465.7M $2.217B
Short-Term Investments $49.91M $19.99M $40.40M
Other Short-Term Assets $267.8M $97.85M $226.5M
YoY Change 18.25% -57.13% -3.42%
Inventory
Prepaid Expenses $55.70M
Receivables $375.9M $116.5M $345.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.536B $3.708B $2.830B
YoY Change 24.96% 34.22% 27.3%
LONG-TERM ASSETS
Property, Plant & Equipment $373.6M $101.1M $325.9M
YoY Change 14.63% -68.3% 7.96%
Goodwill $3.042B $1.240B $2.746B
YoY Change 10.79% -0.42% 5.56%
Intangibles $671.5M $228.3M $608.1M
YoY Change 10.42% -63.84% -6.9%
Long-Term Investments $0.00
YoY Change
Other Assets $318.8M $64.23M $113.8M
YoY Change 180.26% -52.39% 32.68%
Total Long-Term Assets $4.898B $4.737B $4.330B
YoY Change 13.13% 15.19% 13.71%
TOTAL ASSETS
Total Short-Term Assets $3.536B $3.708B $2.830B
Total Long-Term Assets $4.898B $4.737B $4.330B
Total Assets $8.435B $8.445B $7.160B
YoY Change 17.81% 22.84% 18.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.40M $20.20M $16.80M
YoY Change -32.14% 112.63% 1.82%
Accrued Expenses $514.6M $182.3M $423.6M
YoY Change 21.48% -58.09% 17.19%
Deferred Revenue $433.7M $218.8M $360.0M
YoY Change 20.47% 4.24% -3.82%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.75M $13.75M $13.75M
YoY Change 0.0% 0.0% -2.62%
Total Short-Term Liabilities $1.064B $1.010B $907.8M
YoY Change 17.25% 14.33% 9.44%
LONG-TERM LIABILITIES
Long-Term Debt $3.625B $3.240B $2.332B
YoY Change 55.43% 44.29% 17.76%
Other Long-Term Liabilities $210.3M $26.16M $217.5M
YoY Change -3.33% -60.85% 592.78%
Total Long-Term Liabilities $3.835B $3.266B $2.550B
YoY Change 50.42% 41.25% 26.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.064B $1.010B $907.8M
Total Long-Term Liabilities $3.835B $3.266B $2.550B
Total Liabilities $4.900B $4.276B $3.458B
YoY Change 41.71% 33.81% 21.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.725B $1.725B $1.347B
YoY Change 28.02% 37.04% 91.7%
Common Stock $11.41B $11.38B $11.87B
YoY Change -3.84% -5.36% -1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.31B $10.31B $10.31B
YoY Change 0.0% 0.0% 0.81%
Treasury Stock Shares 194.7M shares 194.7M shares 194.7M shares
Shareholders Equity $2.424B $2.658B $2.780B
YoY Change
Total Liabilities & Shareholders Equity $8.435B $8.445B $7.160B
YoY Change 17.81% 22.84% 18.72%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income -$211.0M $124.3M $88.70M
YoY Change -337.94% -42.86% 24.78%
Depreciation, Depletion And Amortization $9.394M $16.00M $18.97M
YoY Change -50.48% 58.42% -1.49%
Cash From Operating Activities $80.98M $249.1M $102.9M
YoY Change -21.34% -55.75% -32.28%
INVESTING ACTIVITIES
Capital Expenditures $9.781M -$8.700M $25.86M
YoY Change -62.17% -13.86% 74.68%
Acquisitions $532.9M $21.56M
YoY Change 2372.08% 1.22%
Other Investing Activities $117.0K $86.50M $1.215M
YoY Change -90.37% -161.7% -113.0%
Cash From Investing Activities -$586.0M $77.80M $55.61M
YoY Change -1153.83% -151.76% -223.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $81.69M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $194.7M -135.7M -$73.66M
YoY Change -364.27% 235.06% -11.41%
NET CHANGE
Cash From Operating Activities $80.98M 249.1M $102.9M
Cash From Investing Activities -$586.0M 77.80M $55.61M
Cash From Financing Activities $194.7M -135.7M -$73.66M
Net Change In Cash -$316.4M 191.2M $85.70M
YoY Change -469.14% -48.62% 220.8%
FREE CASH FLOW
Cash From Operating Activities $80.98M $249.1M $102.9M
Capital Expenditures $9.781M -$8.700M $25.86M
Free Cash Flow $71.19M $257.8M $77.09M
YoY Change -7.64% -55.01% -43.82%

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OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterestTotal
1124000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
67402000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-4910000 USD
CY2019Q1 iac Temporary Equity Changein Redemption Value
TemporaryEquityChangeinRedemptionValue
-10242000 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
17000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3571336000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-182643000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
112985000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58464000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
67444000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
52162000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22752000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
24738000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
18971000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19931000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15005000 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
211973000 USD
CY2019Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-59166000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-65107000 USD
CY2020Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-51473000 USD
CY2019Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-44000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-20690000 USD
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-18697000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
79799000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
88367000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-10172000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6730000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-24720000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-26829000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-47787000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6154000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
25487000 USD
CY2019Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
26770000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
80975000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
102941000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
532857000 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21555000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24591000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25855000 USD
CY2020Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
20000000 USD
CY2019Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
123500000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
49806000 USD
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
39740000 USD
CY2020Q1 iac Proceedsfrom Divestitureof Businessand Saleof Longterm Investments
ProceedsfromDivestitureofBusinessandSaleofLongtermInvestments
1476000 USD
CY2019Q1 iac Proceedsfrom Divestitureof Businessand Saleof Longterm Investments
ProceedsfromDivestitureofBusinessandSaleofLongtermInvestments
20472000 USD
CY2020Q1 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
25000 USD
CY2019Q1 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
203000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1215000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-586006000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
55607000 USD
CY2020Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8977000 USD
CY2019Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5542000 USD
CY2020Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3165000 USD
CY2019Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3182000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-464000 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
27000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
194663000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-73660000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-310368000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
84888000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5996000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
815000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-316364000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
85703000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3140358000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2133685000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2823994000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2219388000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
51500000 USD
CY2020Q1 iac Writeoffof Notes Receivables
WriteoffofNotesReceivables
7500000 USD
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting 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;">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: the fair values of cash equivalents and marketable debt securities; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the determination of revenue reserves; the carrying value of right-of-use assets ("ROU assets"); the useful lives and recoverability of definite-lived intangible assets and property, capitalized software and equipment; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; contingencies; 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>
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
397500000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1300000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
258200000 USD
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
234800000 USD
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
433700000 USD
CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1300000 USD
CY2020Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
47500000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
42400000 USD
CY2020Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Certain Risks and Concentrations—Services Agreement with Google</span></div>A meaningful portion of the Company's revenue is attributable to a services agreement with Google (the "Services Agreement"). In addition, the Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement.
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to the current year presentation.</span></div>
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-89900000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-63600000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
56200000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
74400000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-18200000 USD
CY2020Q1 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
51100000 USD
CY2019Q4 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
69200000 USD
CY2020Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
9900000 USD
CY2020Q1 iac Decreasein Unrecognized Tax Benefitsis Reasonably Possible Amountwhichwould Reduce Income Tax Provision
DecreaseinUnrecognizedTaxBenefitsisReasonablyPossibleAmountwhichwouldReduceIncomeTaxProvision
9700000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
3042139000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2854462000 USD
CY2020Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
473208000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
446495000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
198259000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
131979000 USD
CY2020Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3713606000 USD
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3432936000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2854462000 USD
CY2020Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
416797000 USD
CY2020Q1 iac Goodwill Deductions During Period
GoodwillDeductionsDuringPeriod
38000 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
211973000 USD
CY2020Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-17109000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
3042139000 USD
CY2020Q1 iac Carrying Amountof Goodwillforwhich Excessof Fair Valueover Carrying Valueis Lessthan10
CarryingAmountofGoodwillforwhichExcessofFairValueoverCarryingValueisLessthan10
709400000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
2726859000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
168866000 USD
CY2019 iac Goodwill Deductions During Period
GoodwillDeductionsDuringPeriod
29267000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3318000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-8678000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2854462000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
435826000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
237567000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
198259000 USD
CY2020Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P4Y
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
347177000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
215198000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
131979000 USD
CY2019 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P3Y9M18D
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
60498000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
45014000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
39859000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
30119000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15841000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
6928000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
198259000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
49912000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
19993000 USD
CY2020Q1 iac Debt Securities Tradingand Equity Securities Fvni
DebtSecuritiesTradingandEquitySecuritiesFVNI
49912000 USD
CY2019Q4 iac Debt Securities Tradingand Equity Securities Fvni
DebtSecuritiesTradingandEquitySecuritiesFVNI
19993000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
49924000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
12000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
49912000 USD
CY2020Q1 iac Contractual Maturityof Current Availablefor Sale Securities
ContractualMaturityofCurrentAvailableforSaleSecurities
P1Y
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
19993000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
19993000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
301600000 USD
CY2019Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
353100000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount
51500000 USD
CY2020Q1 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 Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
51484000 USD
CY2019Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
150000 USD
CY2020Q1 iac Equity Securitieswithout Readily Determinable Fair Value Annual Amount
EquitySecuritieswithoutReadilyDeterminableFairValueAnnualAmount
-51484000 USD
CY2019Q1 iac Equity Securitieswithout Readily Determinable Fair Value Annual Amount
EquitySecuritieswithoutReadilyDeterminableFairValueAnnualAmount
-150000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount
19900000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentCumulativeAmount
58100000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
12000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
78000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-51484000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-122000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-51472000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-44000 USD
CY2020Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2256611000 USD
CY2020Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
636000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2550995000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
6918000 USD
CY2020Q1 us-gaap Business Combination Contingent Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
30000000.0 USD
CY2020Q1 iac Business Acquisition Contingent Consideration Fair Valueat Balance Sheet Date With A Maximum Limit
BusinessAcquisitionContingentConsiderationFairValueatBalanceSheetDateWithAMaximumLimit
1300000 USD
CY2020Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
600000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
6900000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
397800000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
404700000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3625008000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3121572000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
10313000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
13750000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
545000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
192500000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
400000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2875000000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
4036563000 USD
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
13750000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
347306000 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
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CY2020Q1 iac Writeoffof Notes Receivables
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CY2020Q1 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
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 the Company believes 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 the Company, 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="#sEEEFBCFAAFD0517A8A45516EA2A1BC6D" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 2—Income Taxes</span></a><span style="font-family:inherit;font-size:10pt;">" for additional information related to income tax contingencies.</span></div><div style="line-height:120%;padding-bottom:16px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Tinder Optionholder Litigation against IAC and Match Group</span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><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 certain of the plaintiffs of their 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><span style="font-family:inherit;font-size:10pt;">, as well as punitive damages. On August 31, 2018, </span><span style="font-family:inherit;font-size:10pt;"><span>four</span></span><span style="font-family:inherit;font-size:10pt;"> plaintiffs who were still employed by Match Group filed a notice of discontinuance of their claims without prejudice, leaving the </span><span style="font-family:inherit;font-size:10pt;"><span>six</span></span><span style="font-family:inherit;font-size:10pt;"> former employees as the remaining plaintiffs.</span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On October 9, 2018, the defendants filed a motion to dismiss the complaint on various grounds, including that the 2017 valuation of Tinder by the investment banks was an expert determination any challenge to which is both time-barred under applicable law and available only on narrow substantive grounds that the plaintiffs have not pleaded in their complaint; the plaintiffs opposed the motion. On June 13, 2019, the court issued a decision and order (i) granting the motion to dismiss the claims for breach of the implied covenant of good faith and fair dealing and for unjust enrichment, (ii) granting the motion to dismiss the merger-related claim for breach of contract as to </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> of the remaining </span><span style="font-family:inherit;font-size:10pt;"><span>six</span></span><span style="font-family:inherit;font-size:10pt;"> plaintiffs, and (iii) otherwise denying the motion to dismiss. On June 21, 2019, the defendants filed a notice of appeal from the trial court’s partial denial of their motion to dismiss, and the parties thereafter briefed the appeal. On October 29, 2019, the Appellate Division, First Department, issued an order affirming the lower court’s decision. On November 22, 2019, the defendants filed a motion for reargument or, in the alternative, leave to appeal the Appellate Division's order to the New York Court of Appeals; the plaintiffs opposed the motion, which remains pending.</span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On June 3, 2019, the defendants filed a second motion to dismiss based upon certain provisions of the plaintiffs' agreement with a litigation funding firm; the plaintiffs opposed the motion, which remains pending. Document discovery in the case is substantially complete; deposition discovery has begun but is currently in hiatus in light of the COVID-19 pandemic. On January 30, 2020, the parties participated in a mediation that did not result in resolution of the matter. IAC and Match Group believe that the allegations in this lawsuit are without merit and will continue to defend vigorously against it.</span></div>
CY2020Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2020Q1 iac Numberof Lawsuitswith Possible Material Impact
NumberofLawsuitswithPossibleMaterialImpact
1 lawsuit

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