IAC/INTERACTIVECORP IAC Cash Flow

Iac/interactivecorp (IAC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-182,643	-	159,772	146,791	112,985	-	171,577	280,854	87,839	-	225,639	80,557	28,463	-	52,340	-190,542	7,934	-	-	-	-	68,611	325,991	-18,863	33,491	78,853	95,635	57,472	51,765	41,938	40,561	43,460	34,837	46,164	64,051	43,142	18,220	83,196	17,645	12,835	-19,324
Less: earnings from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	625	175,730	-868	-814	24	3,914	-1,068	-944	-2,470	-5,624	-4,641	3,684	4,366	-3,922	-2,488	-1,948	115,853	-4,795	-2,586	-4,727
Net earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31,400	65,026	57,885	21,863	67,986	150,261	-17,995	34,305	78,829	91,721	58,540	52,709	44,408	46,185	48,101	31,153	41,798	67,973	45,630	20,168	-32,657	22,440	15,421	-14,597
Adjustments to reconcile net earnings to net cash provided by operating activities:
Share-based Payment Arrangement, Expense
58,464	60,866	50,053	62,425	67,444	66,414	55,363	57,561	59,082	57,256	134,472	38,915	33,975	22,210	23,661	27,764	31,185	33,581	27,009	25,949	18,911	16,137	17,332	16,552	9,613	14,157	14,365	11,820	12,663	20,367	23,351	20,441	21,466	22,535	22,885	23,007	20,161	24,629	17,058	21,048	21,545
Amortization of intangibles
52,162	27,019	23,186	19,638	22,752	48,106	20,152	20,188	19,953	19,992	4,366	8,624	9,161	14,364	14,267	36,975	13,820	100,648	12,338	14,411	12,555	16,090	16,451	13,406	11,979	14,596	13,032	18,137	14,078	17,713	5,212	5,805	7,041	12,862	4,538	2,200	2,457	17,240	2,302	4,756	3,174
Depreciation
24,738	25,247	23,090	21,091	18,971	18,373	18,925	18,805	19,257	18,775	17,263	18,339	19,888	20,355	17,951	17,575	15,795	15,512	15,625	15,500	15,568	16,948	14,133	15,257	14,818	14,368	13,489	17,036	14,016	14,991	13,150	12,225	12,115	13,346	17,484	12,450	13,439	16,881	14,598	16,625	15,793
Bad debt expense
19,931	15,296	17,099	18,403	15,005	12,924	14,656	11,337	9,528	7,995	6,911	7,783	6,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
211,973	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,682	19,619	16,846	-	8,431	8,686	24,203	6,461	2,883	11,017	12,530	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-59,166	4,939	-27,871	7,938	-65,107	2,187	-25,608	20,637	-31,895	58,842	-350,700	2,863	3,717	-19,226	-9,053	-93,332	2,430	-51,935	-15,111	6,393	867	-11,870	82,890	2,050	3,799	-3,157	798	4,273	-11,010	31,666	4,591	-2,310	3,129	9,065	-58,684	7,762	6,374	-12,187	11,925	-12,628	6,816
Losses on equity securities, net
-51,473	13,400	-5,066	29,291	-44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in (earnings) losses of unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-404	-	399	-194	-283	-300	-612	-6,850	-1,935	-2,193	-3,253	-1,078	-91	2,863	-3,298	-19,009	-5,901	-10,623	-15,078	-8,720	-1,879	1,486	-547	-4,002	-22,613
Acquisition-related contingent consideration fair value adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,477	6,801	3,669	2,445	-960	-9,950	-6,996	414	-14,281	527	-27	-5,996	632	4,249	1,458	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) from the sale of businesses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	37,549	279	-1,563	14,700	482	379	-42	186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,192	400	2,302	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments, net
-20,690	-16,165	-9,206	-1,478	-18,697	-3,086	-4,086	5,135	-13,726	-25,985	-17,379	-8,245	-10,038	-6,215	19,594	-9,884	-4,091	6,772	-6,666	-9,607	594	-10,709	-4,718	-1,377	-3,985	-3,491	-7,312	-5,022	-3,429	-6,808	-6,420	-4,380	-2,258	-3,969	-527	-2,890	-4,625	-	-	-	-
Gain on sales of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113	317	698	846	-	0	0	3,989
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable
79,799	-42,057	8,535	36,590	88,367	-43,837	18,480	30,284	29,901	36,557	55,813	8,875	13,924	31,667	14,905	-40,063	-7,792	3,858	28,532	-6,557	3,847	7,139	7,061	-14,669	20,387	389	-20,564	5,119	4,635	14,548	-2,939	8,845	10,537	30,820	17,284	-3,501	13,711	13,934	10,136	-3,298	12,129
Other assets
-10,172	28,985	-7,842	3,248	-6,730	-4,378	10,740	15,515	22,680	-23,014	-1,156	2,609	15,873	-6,967	-278	13,427	6,626	7,428	7,288	13,233	-6,775	-5,129	-10,503	15,138	4,100	14,716	5,127	6,788	8,001	13,242	1,812	-1,013	8,950	7,718	-9,242	-771	1,008	2,748	8,436	-5,503	2,955
Accounts payable and other liabilities
-24,720	-12,075	55,721	25,065	-26,829	-4,336	56,828	8,655	-7,592	-61,696	50,057	-28,522	14,872	11,310	24,481	-77,354	-10,796	26,391	15,778	392	-33,805	29,146	7,059	-19,587	-11,655	5,393	-29,597	36,367	-12,929	-33,084	15,687	38,004	-34,991	41,716	21,855	7,371	-13,714	37,168	19,754	-7,550	4,816
Income taxes payable and receivable
-47,787	-336	5,005	-1,802	-6,154	25,063	-1,496	10,501	-7,034	-3,778	64,168	-21,125	-38,610	46,079	10,947	-10,551	-37,477	37,915	49,556	-21,945	-41,359	20,092	-143,883	22,602	6,697	1,055	2,607	10,333	35,196	-5,955	8,172	33,950	10,843	-13,221	14,319	-7,951	-195	55,008	-2,937	17,681	6,997
Deferred revenue
25,487	-17,421	13,538	14,727	26,770	-2,766	6,588	3,921	41,725	-5,637	29,557	5,319	9,915	4,451	-1,237	13,051	19,538	21,240	5,267	17,406	23,001	-11,525	15,816	8,934	16,917	-4,435	-1,203	-8,030	7,827	-8,711	1,896	-10,943	19,622	22,282	14,790	-2,385	14,263	5,182	5,423	2,504	6,544
Other changes in assets and liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-229	1,031	-1,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,920
Net cash provided by operating activities
80,975	249,173	332,958	252,867	102,941	316,428	291,898	227,794	152,008	118,898	140,087	89,851	67,863	149,979	111,065	43,833	39,361	221,564	98,328	89,589	-3,810	174,344	145,890	106,130	42,641	86,631	96,067	135,901	92,362	30,920	118,080	146,477	59,050	102,820	112,406	103,268	53,892	132,631	76,501	75,027	56,548
Cash flows from investing activities:
Acquisitions, net of cash acquired
532,857	5,388	-688	179,471	21,555	46,861	122	-3,782	21,295	77,440	19,949	-3,201	52,365	15,879	0	272	2,252	574,116	0	37,577	5,709	15,195	140,816	25,399	77,981	977	2,544	7,719	29,194	23,131	356,712	10,144	10,267	0	198,501	31,699	48,269	-1	653	6,922	9,759
Capital expenditures
24,591	33,007	27,022	50,768	25,855	25,521	20,417	24,895	14,801	19,004	14,698	30,664	11,157	15,300	27,606	19,043	16,090	17,491	17,742	13,940	12,876	18,200	12,476	16,836	9,721	16,197	16,295	14,181	33,638	18,838	12,010	10,720	9,633	12,608	7,997	11,055	8,294	8,502	7,814	12,023	11,490
Proceeds from maturities of marketable debt securities
20,000	0	0	40,000	123,500	208,600	115,000	5,000	5,000	0	15,000	24,000	75,350	173,159	46,710	32,500	0	25,534	178,315	8,563	6,050	20,646	0	998	0	0	0	2	12,500	116,148	40,353	20,657	18,343	56,765	126,074	211,160	190,936	156,199	240,584	170,878	195,665
Purchases of marketable debt securities
49,806	19,899	0	0	39,740	122,770	202,509	119,422	4,975	4,982	0	4,983	19,926	84,697	149,880	12,475	66,891	0	0	45,204	47,930	64,940	32,506	45,532	32,848	0	0	0	0	6,050	23,648	14,242	10,012	49,252	19,697	36,537	98,484	237,162	173,707	142,353	284,933
Net proceeds from the sale of businesses and investments
1,476	140,367	1,384	2,901	20,472	108,089	1,090	27,525	15	60,558	5,523	22,201	97,496	61,692	6,801	10,638	93,097	862	2,348	6,088	115	-	-	-	-	-	-	-	-	1,872	217	4,469	8,058	1,193	2,213	3,979	7,829	-1	0	0	5,325
Investments in time deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	87,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
25	3,568	250,095	0	0	20,800	1,000	13,000	18,180	1	4,000	5,076	29	5,354	2,155	4,243	813	9,397	12,233	4,495	8,345	6,631	3,002	6,840	7,861	24,475	1,346	24,284	975	26,063	3,787	5,774	470	5,804	82,837	1,000	604	653	834	583	213
Purchases of long-term investments
25	3,568	250,095	0	0	20,800	1,000	13,000	18,180	1	4,000	5,076	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	834	583	213
Other, net
203	740	-423	941	1,215	619	-47	-252	-9,347	-1,675	-243	-863	-213	-5,653	-747	-435	-4,380	-554	6,491	332	-2,728	14,966	-9,737	-2,344	157	12,433	-10,347	606	837	-2,341	-339	4,350	8,253	1,261	4,309	7,167	-40	374	0	-2,244	2,371
Net cash (used in) provided by investing activities
-586,006	77,765	-274,622	-188,279	55,607	100,118	-107,911	-120,758	-44,889	-39,194	-17,881	9,542	89,582	119,274	-125,383	95,040	-76,069	-574,054	144,197	-86,897	-65,967	-40,898	-179,063	-91,265	-128,568	-13,277	32,138	-46,478	-52,144	46,279	-355,248	-20,104	-12,234	-10,967	175,531	-232,904	43,154	-90,492	60,131	20,041	-107,776
Cash flows from financing activities:
Purchase of exchangeable note hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-410,000	0	400,000	10,000	-	-	0	0	-	-	-	-	0	0	0	15,844	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
8,977	0	1,454	20,819	5,542	4,917	0	339	193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,621	78,697	135,938	0	0	0	200,000	0	0	0	0	95,838	5,716	74,055	88,605	257,789	74,810	136,368	222,863	-	-	-	-	1,774	158,316	133,354	246,154
Withholding taxes paid on behalf of employees on net settled stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,636	9,129	14,919	25,546	19,541	10,317	10,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of IAC Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,161	28,198	32,912	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to Match Group noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,249	28,218	28,054	28,675	28,833	28,419	20,082	20,004	20,307	20,002	17,451	21,429	24,468	21,998	11,124	10,573	-	-	-	0	-	-	-	-
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,453	-	-	-	-	6,432	9,000	-14,743	920	-11,533	7,324	-1,420	552	-57,229	18,393	202,465	99,212	70,740	10,002	53,124	-1,081	12,676	6,671	4,121	2,471
Excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,682	19,619	16,846	-	8,431	8,686	24,203	6,470	2,883	11,017	12,530	33,615	9,133	7,876	6,477	-712	5,013	8,185	9,680	7,740	1,559	192	4,800
Purchase of noncontrolling interests
3,165	22,992	71	2,939	3,182	17,700	3,921	643	234	7,173	650	102	12,259	-	-	-	-	-	-	-	0	2,837	328	0	30,000	12,386	55,561	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	118	1,011	1,400	-	14,561	0	15,338	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related contingent consideration payments
-	-	-	-	-	-	-	-	185	0	23,429	0	3,860	0	30	1,838	312	38	7	5,525	180	450	29	7,630	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funds returned from escrow for Meetic tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-12,354	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Funds returned from (held in) escrow for MyHammer tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-464	-69	-80	-3,746	27	5,586	303	-7,498	2,669	4,747	-129	-5,123	250	-1,939	-278	5,368	-5,856	95	82	320	110	12,846	-1,256	154	-295	-401	248	-2,533	-1,101	49	3,037	-2,864	22	-1,209	-3,719	0	20	-	-	-	-
Net cash provided by (used in) financing activities
194,663	-135,699	-261,241	870,431	-73,660	47,058	-157,151	-119,555	-83,150	295,931	-392,920	19,300	-119,180	-111,409	-44,393	-130,548	-205,790	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cash (used) provided
-310,368	191,239	-202,905	935,019	84,888	463,604	26,836	-12,519	23,969	375,635	-270,714	118,693	38,265	157,844	-58,711	8,325	-242,498	716,996	112,962	-21,265	-307,353	66,547	-45,774	-18,750	-98,749	360,183	57,381	4,981	-73,679	249,595	-308,304	186,358	-80,909	27,962	64,908	-223,568	105,665	-157,107	-13,413	-33,968	-290,111
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-5,996	966	-2,895	-454	815	-1,680	-251	-2,702	2,746	2,203	3,927	1,472	4,002	-7,655	2,511	-1,005	-285	-2,187	-2,976	6,320	-11,455	-7,880	-9,826	2,922	1,616	2,743	5,624	77	-4,966	209	4,024	-2,897	1,220	-2,082	-3,997	-295	1,878	-1,088	3,566	-1,004	-3,228
Net (decrease) increase in cash and cash equivalents and restricted cash
-316,364	192,205	-205,800	934,565	85,703	461,924	26,585	-15,221	26,715	377,838	-266,787	120,165	42,267	150,189	-56,200	7,320	-242,783	714,999	110,039	-15,188	-318,808	58,693	-55,614	-15,985	-97,133	358,792	62,927	4,968	-76,220	248,198	-305,417	183,100	-80,057	24,842	56,445	-225,729	106,496	-160,115	-12,955	-37,103	-293,725
Net cash (used in) provided by financing activities attributable to continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-129,563	-23,957	-237,576	-66,899	-12,601	-33,615	-12,822	286,829	-70,824	-84,442	-113,897	172,396	-71,136	59,985	-127,725	-63,891	-223,029	-93,932	8,619	-199,246	-150,045	-129,036	-238,883
Total cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,134	-78	-90	2,425	-1,606	-1,137	-361	-368	-1,038	-4,466	-1,866	-1,047	-1,920	-3,108	-2,131	-386
ANGI Homeservices
Goodwill impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on debt
3,438	3,437	3,438	3,437	3,438	3,437	3,438	3,437	3,438	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Match Group
Proceeds from issuance of Match Group debt
500,000	-	0	0	350,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under Match Group Credit Facility
0	310,000	0	0	40,000	260,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on debt
0	0	0	0	300,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Match Group treasury stock
-	-	-	-	-	-	-	41,478	32,465	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IAC/InterActiveCorp
Principal payment on debt
-	-	-	-	-	-	-	-	-	-	-	-	26,590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	0	0	0	56,424	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
412	457	458	469	9,298	2,797	11,586	3,063	24,254	13,332	20,919	34,894	13,252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding taxes paid on behalf of employees on net settled stock-based awards
20,927	4,876	55,480	18,727	14,062	15,971	2,516	213	282	36,652	7,280	11,321	38,579	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Match Group and ANGI Homeservices
Purchase of treasury stock
120,198	-	-	-	24,186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
0	-	-	0	573	-	-	373	1,752	3,390	18,302	32,292	7,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding taxes paid on behalf of employees on net settled stock-based awards
148,580	41,239	32,512	41,562	123,148	28,602	72,235	61,699	75,028	35,345	200,557	26,340	2,081	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-