$TREE
LendingTree, Inc.

2013 Q1 Form 10-Q Financial Statement

#000110465913043204 Filed on May 20, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $28.08M $13.24M
YoY Change 112.16% -4.91%
Cost Of Revenue $1.356M $796.0K
YoY Change 70.35% -34.0%
Gross Profit $26.72M $12.44M
YoY Change 114.84% -2.16%
Gross Profit Margin 95.17% 93.99%
Selling, General & Admin $23.81M $15.46M
YoY Change 54.07% -26.41%
% of Gross Profit 89.1% 124.25%
Research & Development $1.205M $774.0K
YoY Change 55.68% -37.88%
% of Gross Profit 4.51% 6.22%
Depreciation & Amortization $885.0K $1.224M
YoY Change -27.7% 15.58%
% of Gross Profit 3.31% 9.84%
Operating Expenses $25.02M $16.23M
YoY Change 54.14% -27.05%
Operating Profit -$246.0K -$5.279M
YoY Change -95.34% -66.47%
Interest Expense $7.000K $121.0K
YoY Change -94.21% 53.16%
% of Operating Profit
Other Income/Expense, Net -$121.0K
YoY Change 53.16%
Pretax Income -$253.0K -$5.400M
YoY Change -95.31% -65.87%
Income Tax $20.00K -$2.131M
% Of Pretax Income
Net Earnings -$2.700M $14.10M
YoY Change -119.15% -135.7%
Net Earnings / Revenue -9.62% 106.54%
Basic Earnings Per Share -$0.25 $1.34
Diluted Earnings Per Share -$0.25 $1.34
COMMON SHARES
Basic Shares Outstanding 10.97M shares 10.56M shares
Diluted Shares Outstanding 10.97M shares 10.56M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.30M $59.00M
YoY Change 24.24% 10.28%
Cash & Equivalents $73.33M $58.95M
Short-Term Investments
Other Short-Term Assets $33.50M $191.7M
YoY Change -82.52% 791.63%
Inventory
Prepaid Expenses
Receivables $13.55M $5.645M
Other Receivables $0.00 $0.00
Total Short-Term Assets $120.3M $256.3M
YoY Change -53.04% 65.13%
LONG-TERM ASSETS
Property, Plant & Equipment $5.833M $7.696M
YoY Change -24.21% -38.92%
Goodwill $3.632M $3.632M
YoY Change 0.0%
Intangibles $10.79M $11.08M
YoY Change -2.65%
Long-Term Investments
YoY Change
Other Assets $126.0K $231.0K
YoY Change -45.45% -71.13%
Total Long-Term Assets $20.51M $33.65M
YoY Change -39.06% -48.39%
TOTAL ASSETS
Total Short-Term Assets $120.3M $256.3M
Total Long-Term Assets $20.51M $33.65M
Total Assets $140.8M $289.9M
YoY Change -51.42% 31.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.100M $6.800M
YoY Change -69.12% -53.1%
Accrued Expenses $17.86M $15.20M
YoY Change 17.47% -55.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.56M $224.4M
YoY Change -76.13% 79.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $751.0K $4.013M
YoY Change -81.29% -77.33%
Total Long-Term Liabilities $751.0K $4.013M
YoY Change -81.29% -77.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.56M $224.4M
Total Long-Term Liabilities $751.0K $4.013M
Total Liabilities $59.26M $229.8M
YoY Change -74.21% 46.66%
SHAREHOLDERS EQUITY
Retained Earnings -$814.2M -$844.0M
YoY Change -3.53%
Common Stock $905.1M $912.5M
YoY Change -0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.412M $8.532M
YoY Change 10.31%
Treasury Stock Shares 1.188M shares 1.123M shares
Shareholders Equity $81.59M $60.11M
YoY Change
Total Liabilities & Shareholders Equity $140.8M $289.9M
YoY Change -51.42% 31.55%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$2.700M $14.10M
YoY Change -119.15% -135.7%
Depreciation, Depletion And Amortization $885.0K $1.224M
YoY Change -27.7% 15.58%
Cash From Operating Activities -$6.000M $66.60M
YoY Change -109.01% 122.0%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$600.0K
YoY Change 0.0% -73.91%
Acquisitions
YoY Change
Other Investing Activities -$386.0K $2.401M
YoY Change -116.08% 23910.0%
Cash From Investing Activities -$200.0K $3.100M
YoY Change -106.45% -127.68%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net -$671.0K -$827.0K
YoY Change -18.86% -3408.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0K -56.30M
YoY Change -98.76% 65.1%
NET CHANGE
Cash From Operating Activities -6.000M 66.60M
Cash From Investing Activities -200.0K 3.100M
Cash From Financing Activities -700.0K -56.30M
Net Change In Cash -6.900M 13.40M
YoY Change -151.49% -187.58%
FREE CASH FLOW
Cash From Operating Activities -$6.000M $66.60M
Capital Expenditures -$600.0K -$600.0K
Free Cash Flow -$5.400M $67.20M
YoY Change -108.04% 108.05%

Facts In Submission

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EntityCentralIndexKey
0001434621
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
11251154 shares
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
103000 USD
CY2013Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4712000 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.22
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.22
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10967000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10967000 shares
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2013Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.02
CY2013Q1 us-gaap Revenues
Revenues
28080000 USD
CY2013Q1 us-gaap Cost Of Revenue
CostOfRevenue
1356000 USD
CY2013Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
17255000 USD
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6556000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1205000 USD
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
885000 USD
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43000 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
7000 USD
CY2013Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
98000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.02
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
73326000 USD
CY2013Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13545000 USD
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4008000 USD
CY2013Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
433000 USD
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
126000 USD
CY2013Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation Noncurrent
AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
129000 USD
CY2013Q1 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
2137000 USD
CY2013Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
643000 USD
CY2013Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
32925000 USD
CY2013Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
751000 USD
CY2013Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
236000 USD
CY2013Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
124000 USD
CY2013Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
905071000 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-814197000 USD
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
9412000 USD
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2717000 USD
CY2013Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
-1433000 USD
CY2013Q1 tree Stock Issue During Period Of Stock Option And Restricted Stock Net Value Of Units
StockIssueDuringPeriodOfStockOptionAndRestrictedStockNetValueOfUnits
-670000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-24000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1433000 USD
CY2013Q1 tree Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
18000 USD
CY2013Q1 us-gaap Allowance For Loan And Lease Losses Recoveries Of Bad Debts
AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts
29000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2085000 USD
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2348000 USD
CY2013Q1 tree Increase Decrease In Accounts Payable And Other Current Liabilities
IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities
-2520000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-430000 USD
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-6000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
186000 USD
CY2013Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
587000 USD
CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-386000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-671000 USD
CY2013Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-576000 USD
CY2013Q1 us-gaap Restructuring Charges
RestructuringCharges
-2000 USD
CY2013Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-25000 USD
CY2013Q1 tree Special Options Bonus
SpecialOptionsBonus
920000 USD
CY2013Q1 tree Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
4086000 USD
CY2012Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-60000 USD
CY2012Q1 tree Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
-2546000 USD
CY2012Q1 us-gaap Restructuring Charges
RestructuringCharges
-64000 USD
CY2013Q1 us-gaap Restructuring Reserve
RestructuringReserve
782000 USD
CY2013Q1 us-gaap Business Exit Costs
BusinessExitCosts
-2000 USD
CY2013Q1 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
-123000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
906000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
55000000 USD

Files In Submission

Name View Source Status
0001104659-13-043204-index-headers.html Edgar Link pending
0001104659-13-043204-index.html Edgar Link pending
0001104659-13-043204.txt Edgar Link pending
0001104659-13-043204-xbrl.zip Edgar Link pending
a13-8484_110q.htm Edgar Link pending
a13-8484_1ex10d1.htm Edgar Link pending
a13-8484_1ex10d2.htm Edgar Link pending
a13-8484_1ex31d1.htm Edgar Link pending
a13-8484_1ex31d2.htm Edgar Link pending
a13-8484_1ex32d1.htm Edgar Link pending
a13-8484_1ex32d2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
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tree-20130331.xml Edgar Link completed
tree-20130331.xsd Edgar Link pending
tree-20130331_cal.xml Edgar Link unprocessable
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tree-20130331_pre.xml Edgar Link unprocessable