IAC/INTERACTIVECORP IAC Cash Flow

Iac/interactivecorp (IAC)

CashFlow / TTM

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
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	409,230	419,472	189,116	265,451	283,725	246,810	191,736	177,724	160,796	165,022	188,512	188,194	171,577	208,609	162,203	131,896	94,352	0	0	0
Less: earnings from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	174,673	174,072	2,256	2,056	1,926	-568	-10,106	-13,679	-9,051	-2,215	-513	1,640	-3,992	107,495	106,622	106,524	103,745	0	0	0
Net earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,374	212,760	297,995	222,115	234,557	245,400	186,860	263,395	281,799	247,378	201,842	191,403	169,847	167,237	189,025	186,554	175,569	101,114	55,581	25,372	-9,393	0	0	0
Adjustments to reconcile net earnings to net cash provided by operating activities:
Share-based Payment Arrangement, Expense
231,808	240,788	246,336	251,646	246,782	238,420	229,262	308,371	289,725	264,618	229,572	118,761	107,610	104,820	116,191	119,539	117,724	105,450	88,006	78,329	68,932	59,634	57,654	54,687	49,955	53,005	59,215	68,201	76,822	85,625	87,793	87,327	89,893	88,588	90,682	84,855	82,896	84,280	0	0	0
Amortization of intangibles
122,005	92,595	113,682	110,648	111,198	108,399	80,285	64,499	52,935	42,143	36,515	46,416	74,767	79,426	165,710	163,781	141,217	139,952	55,394	59,507	58,502	57,926	56,432	53,013	57,744	59,843	62,960	55,140	42,808	35,771	30,920	30,246	26,641	22,057	26,435	24,199	26,755	27,472	0	0	0
Depreciation
94,166	88,399	81,525	77,360	75,074	75,360	75,762	74,100	73,634	74,265	75,845	76,533	75,769	71,676	66,833	64,507	62,432	62,205	63,641	62,149	61,906	61,156	58,576	57,932	59,711	58,909	59,532	59,193	54,382	52,481	50,836	55,170	55,395	56,719	60,254	57,368	61,543	63,897	0	0	0
Bad debt expense
70,729	65,803	63,431	60,988	53,922	48,445	43,516	35,771	32,217	28,930	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	37,600	-	47,781	42,233	44,564	32,891	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-74,160	-80,101	-82,853	-80,590	-67,891	-34,679	21,976	-303,116	-320,890	-285,278	-363,346	-21,699	-117,894	-119,181	-151,890	-157,948	-58,223	-59,786	-19,721	78,280	73,937	76,869	85,582	3,490	5,713	-9,096	25,727	29,520	22,937	37,076	14,475	-48,800	-38,728	-35,483	-56,735	13,874	-6,516	-6,074	0	0	0
Losses on equity securities, net
-13,848	37,581	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in (earnings) losses of unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	651	-	-378	-1,389	-8,045	-9,697	-11,590	-14,231	-8,459	-6,615	-1,559	-1,604	-19,535	-25,345	-38,831	-50,611	-40,322	-36,300	-24,191	-9,660	-4,942	-25,676	0	0	0
Acquisition-related contingent consideration fair value adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,438	11,955	-4,796	-15,461	-17,492	-30,813	-20,336	-13,367	-19,777	-4,864	-1,142	343	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) from the sale of businesses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	50,965	13,898	13,998	15,519	1,005	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments, net
-47,539	-45,546	-32,467	-27,347	-20,734	-15,763	-38,662	-51,955	-65,335	-61,647	-41,877	-4,904	-6,543	-596	12,391	-13,869	-13,592	-8,907	-26,388	-24,440	-16,210	-20,789	-13,571	-16,165	-19,810	-19,254	-22,571	-21,679	-21,037	-19,866	-17,027	-11,134	-9,644	-12,011	0	0	0	-	-	-	-
Gain on sales of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,974	0	0	0	-	0	0	0
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable
82,867	91,435	89,655	99,600	93,294	34,828	115,222	152,555	131,146	115,169	110,279	69,371	20,433	-1,283	-29,092	-15,465	18,041	29,680	32,961	11,490	3,378	19,918	13,168	-14,457	5,331	-10,421	3,738	21,363	25,089	30,991	47,263	67,486	55,140	58,314	41,428	34,280	34,483	32,901	0	0	0
Other assets
14,219	17,661	-15,702	2,880	15,147	44,557	25,921	14,025	1,119	-5,688	10,359	11,237	22,055	12,808	27,203	34,769	34,575	21,174	8,617	-9,174	-7,269	3,606	23,451	39,081	30,731	34,632	33,158	29,843	22,042	22,991	17,467	6,413	6,655	-1,287	-6,257	11,421	6,689	8,636	0	0	0
Accounts payable and other liabilities
43,991	41,882	49,621	50,728	34,318	53,555	-3,805	-10,576	-47,753	-25,289	47,717	22,141	-26,691	-52,359	-37,278	-45,981	31,765	8,756	11,511	2,792	-17,187	4,963	-18,790	-55,446	508	-766	-39,243	6,041	7,678	-14,384	60,416	66,584	35,951	57,228	52,680	50,579	35,658	54,188	0	0	0
Income taxes payable and receivable
-44,920	-3,287	22,112	15,611	27,914	27,034	-1,807	63,857	32,231	655	50,512	-2,709	7,865	8,998	834	39,443	28,049	24,167	6,344	-187,095	-142,548	-94,492	-113,529	32,961	20,692	49,191	42,181	47,746	71,363	47,010	39,744	45,891	3,990	-7,048	61,181	43,925	69,557	76,749	0	0	0
Deferred revenue
36,331	37,614	52,269	45,319	34,513	49,468	46,597	69,566	70,964	39,154	49,242	18,448	26,180	35,803	52,592	59,096	63,451	66,914	34,149	44,698	36,226	30,142	37,232	20,213	3,249	-5,841	-10,117	-7,018	-9,931	1,864	32,857	45,751	54,309	48,950	31,850	22,483	27,372	19,653	0	0	0
Other changes in assets and liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by operating activities
915,973	937,939	1,005,194	964,134	939,061	988,128	790,598	638,787	500,844	416,699	447,780	418,758	372,740	344,238	415,823	403,086	448,842	405,671	358,451	406,013	422,554	469,005	381,292	331,469	361,240	410,961	355,250	377,263	387,839	354,527	426,427	420,753	377,544	372,386	402,197	366,292	338,051	340,707	0	0	0
Cash flows from investing activities:
Acquisitions, net of cash acquired
717,028	205,726	247,199	248,009	64,756	64,496	95,075	114,902	115,483	146,553	84,992	65,043	68,516	18,403	576,640	576,640	613,945	617,402	58,481	199,297	187,119	259,391	245,173	106,901	89,221	40,434	62,588	416,756	419,181	400,254	377,123	218,912	240,467	278,469	278,468	80,620	55,843	17,333	0	0	0
Capital expenditures
135,388	136,652	129,166	122,561	96,688	85,634	79,117	73,398	79,167	75,523	71,819	84,727	73,106	78,039	80,230	70,366	65,263	62,049	62,758	57,492	60,388	57,233	55,230	59,049	56,394	80,311	82,952	78,667	75,206	51,201	44,971	40,958	41,293	39,954	35,848	35,665	36,633	39,829	0	0	0
Proceeds from maturities of marketable debt securities
60,000	163,500	372,100	487,100	452,100	333,600	125,000	25,000	44,000	114,350	287,509	319,219	327,719	252,369	104,744	236,349	212,412	218,462	213,574	35,259	27,694	21,644	998	998	2	12,502	128,650	169,003	189,658	195,501	136,118	221,839	412,342	584,935	684,369	798,879	758,597	763,326	0	0	0
Purchases of marketable debt securities
69,705	59,639	162,510	365,019	484,441	449,676	331,888	129,379	14,940	29,891	109,606	259,486	266,978	313,943	229,246	79,366	112,095	93,134	158,074	190,580	190,908	175,826	110,886	78,380	32,848	0	6,050	29,698	43,940	53,952	97,154	93,203	115,498	203,970	391,880	545,890	651,706	838,155	0	0	0
Net proceeds from the sale of businesses and investments
146,128	165,124	132,846	132,552	157,176	136,719	89,188	93,621	88,297	185,778	186,912	188,190	176,627	172,228	111,398	106,945	102,395	9,413	0	0	0	-	-	-	-	-	-	-	-	14,616	13,937	15,933	15,443	15,214	14,020	11,807	7,828	5,324	0	0	0
Investments in time deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	87,500	87,500	87,500	87,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
253,688	253,663	270,895	21,800	34,800	52,980	32,181	35,181	27,257	9,106	14,459	12,614	11,781	12,565	16,608	26,686	26,938	34,470	31,704	22,473	24,818	24,334	42,178	40,522	57,966	51,080	52,668	55,109	36,599	36,094	15,835	94,885	90,111	90,245	85,094	3,091	2,674	2,283	0	0	0
Purchases of long-term investments
253,688	253,663	270,895	21,800	34,800	52,980	32,181	35,181	27,257	9,106	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other, net
1,461	2,473	2,352	2,728	1,535	-9,027	-11,321	-11,517	-12,128	-2,994	-6,972	-7,476	-7,048	-11,215	-6,116	1,122	1,889	3,541	19,061	2,833	157	3,042	509	-101	2,849	3,529	-11,245	-1,237	2,507	9,923	13,525	18,173	20,990	12,697	11,810	7,501	-1,910	501	0	0	0
Net cash (used in) provided by investing activities
-971,142	-329,529	-307,176	-140,465	-72,944	-173,440	-312,752	-222,722	-92,422	42,049	200,517	93,015	178,513	12,862	-680,466	-410,886	-592,823	-582,721	-49,565	-372,825	-377,193	-439,794	-412,173	-200,972	-156,185	-79,761	-20,205	-407,591	-381,217	-341,307	-398,553	132,226	-80,574	-25,186	-104,711	-220,111	32,834	-118,096	0	0	0
Cash flows from financing activities:
Purchase of exchangeable note hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	0	0	-	-	-	-	15,844	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
31,250	27,815	32,732	31,278	10,798	5,449	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	247,256	214,635	135,938	200,000	200,000	200,000	200,000	0	95,838	101,554	175,609	264,214	426,165	495,259	557,572	691,830	0	0	0	-	-	-	-	539,598	0	0	0
Withholding taxes paid on behalf of employees on net settled stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,230	69,135	70,323	65,743	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of IAC Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	112,912	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to Match Group noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,196	113,780	113,981	106,009	97,338	88,812	80,395	77,764	79,189	83,350	85,346	79,019	68,163	0	0	0	-	-	-	0	-	-	-	-
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	1,609	-16,356	-18,032	-4,709	-5,077	-50,773	-39,704	164,181	262,841	390,810	382,419	233,078	132,785	74,721	71,390	22,387	25,939	0	0	0
Excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	37,600	-	47,790	42,242	44,573	32,900	60,045	66,295	63,154	57,101	22,774	18,654	18,963	22,166	30,618	27,164	19,171	14,291	0	0	0
Purchase of noncontrolling interests
29,167	29,184	23,892	27,742	25,446	22,498	11,971	8,700	8,159	20,184	0	0	0	-	-	-	-	-	-	-	3,165	33,165	42,714	97,947	97,947	67,947	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related contingent consideration payments
-	-	-	-	-	-	-	-	23,614	27,289	27,289	3,890	5,728	2,180	2,218	2,195	5,882	5,750	6,162	6,184	8,289	8,109	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funds returned from escrow for Meetic tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Funds returned from (held in) escrow for MyHammer tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-4,359	-3,868	1,787	2,170	-1,582	1,060	221	-211	2,164	-255	-6,941	-7,090	3,401	-2,705	-671	-311	-5,359	607	13,358	12,020	11,854	11,449	-1,798	-294	-2,981	-3,787	-3,337	-548	-879	244	-1,014	-7,770	-4,906	-4,908	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
668,154	399,831	582,588	686,678	-303,308	-312,798	-63,925	-299,694	-160,839	-196,869	-604,209	-255,682	-405,530	-492,140	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cash (used) provided
612,985	1,008,241	1,280,606	1,510,347	562,809	501,890	413,921	116,371	247,583	261,879	44,088	256,091	145,723	-135,040	424,112	595,785	566,195	501,340	-149,109	-307,845	-305,330	-96,726	196,910	300,065	323,796	348,866	238,278	-127,407	53,970	46,740	-174,893	198,319	-211,607	-25,033	-210,102	-288,423	-98,823	-494,599	0	0	0
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-8,379	-1,568	-4,214	-1,570	-3,818	-1,887	1,996	6,174	10,348	11,604	1,746	330	-2,147	-6,434	-966	-6,453	872	-10,298	-15,991	-22,841	-26,239	-13,168	-2,545	12,905	10,060	3,478	944	-656	-3,630	2,556	265	-7,756	-5,154	-4,496	-3,502	4,061	3,352	-1,754	0	0	0
Net (decrease) increase in cash and cash equivalents and restricted cash
604,606	1,006,673	1,276,392	1,508,777	558,991	500,003	415,917	122,545	257,931	273,483	45,834	256,421	143,576	-141,474	423,336	589,575	567,067	491,042	-165,264	-330,917	-331,714	-110,039	190,060	308,601	329,554	350,467	239,873	-128,471	49,661	45,824	-177,532	184,330	-224,499	-37,946	-222,903	-292,303	-103,677	-503,898	0	0	0
Net cash (used in) provided by financing activities attributable to continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-457,995	-341,033	-350,691	-125,937	227,791	169,568	118,741	17,666	-96,767	-97,079	47,348	33,520	-202,767	-354,660	-508,577	-372,233	-507,588	-434,604	-469,708	-717,210	0	0	0
Total cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,877	651	-408	-679	-3,472	-2,904	-6,233	-7,738	-8,417	-9,299	-7,941	-8,206	-7,545	0	0	0
ANGI Homeservices
Goodwill impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on debt
13,750	13,750	13,750	13,750	13,750	13,750	10,313	6,875	3,438	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Match Group
Proceeds from issuance of Match Group debt
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under Match Group Credit Facility
310,000	350,000	300,000	300,000	300,000	260,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on debt
0	300,000	300,000	300,000	300,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Match Group treasury stock
-	-	-	-	-	-	-	0	32,465	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IAC/InterActiveCorp
Principal payment on debt
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	56,424	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
1,796	10,682	13,022	24,150	26,744	41,700	52,235	61,568	93,399	82,397	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding taxes paid on behalf of employees on net settled stock-based awards
100,010	93,145	104,240	51,276	32,762	18,982	39,663	44,427	55,535	93,832	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Match Group and ANGI Homeservices
Purchase of treasury stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
0	-	-	0	0	-	-	23,817	55,736	61,095	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding taxes paid on behalf of employees on net settled stock-based awards
263,893	238,461	225,824	265,547	285,684	237,564	244,307	372,629	337,270	264,323	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-