Iac/interactivecorp (IAC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenue

1,228,765

1,217,680

1,246,874

1,186,658

1,105,843

1,104,103

1,104,592

1,059,122

995,075

950,585

828,434

767,387

760,833

811,162

764,102

745,439

819,179

848,728

838,561

771,132

772,512

830,754

782,231

756,315

740,247

724,455

756,872

799,411

742,249

765,251

714,470

680,612

640,600

596,943

516,884

485,404

460,213

451,427

412,966

394,244

378,178

336,577

340,045

Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)

323,221

294,575

296,385

276,389

260,071

253,722

237,238

218,224

201,962

199,727

166,290

139,033

145,958

212,468

179,131

170,397

193,734

214,084

199,377

177,963

186,737

215,545

224,695

210,730

209,234

199,830

248,856

272,822

255,849

268,538

262,275

237,304

223,571

211,057

188,642

181,472

172,718

174,096

147,933

140,638

131,149

106,029

106,721

Selling and marketing expense

432,697

372,780

423,881

411,102

421,860

360,146

386,802

369,660

402,832

357,827

352,879

320,104

350,411

274,607

292,996

296,430

383,064

317,991

343,110

324,710

362,482

300,195

278,321

272,490

298,599

244,425

248,282

247,153

242,914

228,218

235,130

211,252

219,838

190,434

153,296

133,218

140,250

124,719

118,800

118,306

130,381

107,603

118,902

General and administrative expense

256,021

241,940

207,880

225,514

213,616

210,629

190,903

188,363

184,184

189,860

235,580

150,222

143,595

126,150

124,469

147,576

132,251

133,790

134,122

129,349

114,794

121,396

106,987

109,897

95,089

102,926

75,977

103,515

95,724

111,960

93,074

89,639

91,788

79,590

84,628

80,553

76,291

92,862

74,757

74,917

73,964

72,314

68,970

Product development expense

105,733

91,503

86,600

78,614

88,700

79,207

77,740

75,445

76,937

70,044

70,645

55,430

54,760

50,398

49,704

53,565

59,098

58,077

46,859

46,430

45,257

50,208

40,691

38,845

38,816

35,358

35,232

34,052

35,117

38,537

27,596

26,911

23,482

34,199

21,556

17,280

17,722

19,044

16,892

14,369

14,792

12,972

16,422

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

15,289

16,877

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

10,250

8,046

Amortization of non-cash marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,999

200

Goodwill impairment

211,973

-

-

-

0

-

-

-

-

-

-

-

-

-

0

275,367

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

1,406,545

1,056,382

1,061,022

1,032,348

1,025,970

970,183

931,760

890,685

905,125

856,225

847,023

691,752

723,773

698,342

678,518

997,885

797,762

854,158

751,431

708,363

737,393

720,382

681,278

660,625

668,535

611,503

634,868

692,715

657,698

679,957

636,437

583,136

577,835

541,488

470,144

427,173

422,877

472,874

375,282

369,611

369,253

329,456

336,138

Operating Income (Loss)

-177,780

161,298

185,852

154,310

79,873

133,920

172,832

168,437

89,950

94,360

-18,589

75,635

37,060

112,820

85,584

-252,446

21,417

-5,430

87,130

62,769

35,119

110,372

100,953

95,690

71,712

112,952

122,004

106,696

84,551

85,294

78,033

97,476

62,765

55,455

46,740

58,231

37,336

-21,447

37,684

24,633

8,925

7,121

3,907

Equity in earnings (losses) of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-612

-

-

-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

-3,961

-2,165

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,374

2,444

Interest expense

44,866

43,082

42,132

37,206

31,143

27,856

27,610

27,356

26,505

30,739

25,036

24,728

24,792

26,488

27,118

27,644

27,860

28,366

15,992

15,214

14,064

14,195

14,009

14,046

14,064

10,652

7,623

7,658

7,663

2,047

1,391

1,364

1,347

-

-

-

-

-

-

-

-

1,345

1,261

Other (expense) income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

819

103

5,236

53,892

61,811

Other (expense) income, net

-49,893

18,889

1,229

45,972

651

131,111

8,113

171,141

-4,619

-8,513

-10,216

10,230

-7,714

40,245

11,700

-7,192

15,897

-2,810

34,398

-1,638

6,988

15,111

4,113

-69,750

-1,958

11,936

16,719

-4

1,658

-5,847

447

-368

2,756

4,793

4,308

5,637

752

-

-

-

-

50,960

60,829

(Loss) earnings before income taxes

-272,539

137,105

144,949

163,076

49,381

237,175

153,335

312,222

58,826

55,108

-53,841

61,137

4,554

126,577

70,166

-287,282

9,454

-36,606

105,536

45,917

28,043

111,900

90,445

11,894

55,690

112,043

127,847

97,956

78,455

80,263

73,791

76,735

58,273

44,195

35,970

55,148

36,209

-27,552

37,956

20,734

-8,452

58,081

64,736

Income tax benefit

-89,896

12,833

-14,823

16,285

-63,604

19,698

-18,242

31,368

-29,013

31,759

-279,480

-19,420

-23,909

12,460

17,826

-96,740

1,520

-5,206

40,510

-11,968

6,180

43,914

-59,816

29,889

21,385

33,214

36,126

39,416

25,746

35,855

27,606

28,634

27,120

2,397

-32,003

9,518

16,041

5,105

15,516

5,313

6,145

34,269

22,143

(Loss) earnings from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

23,812

42,593

Earnings from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-153

125

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

-24,915

-4,795

-2,586

-4,727

-2,514

-2,196

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-182,643

124,272

159,772

146,791

112,985

217,477

171,577

280,854

87,839

23,349

225,639

80,557

28,463

114,117

52,340

-190,542

7,934

-31,389

65,043

57,732

21,988

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

21,298

40,397

Net Income (Loss) Attributable to Noncontrolling Interest

28,397

23,847

31,228

33,324

24,290

25,725

25,803

62,501

16,757

-9,455

45,996

14,289

2,254

12,066

9,178

4,233

-348

460

-568

-1,573

-4,417

-1,561

-821

-867

-2,394

1,936

-1,305

-818

-1,872

1,199

-156

128

359

-2,602

-922

718

150

-3,768

136

-756

-619

-384

-416

Net (loss) earnings attributable to IAC shareholders

-211,040

100,425

128,544

113,467

88,695

191,752

145,774

218,353

71,082

32,804

179,643

66,268

26,209

102,051

43,162

-194,775

8,282

-31,849

65,611

59,305

26,405

70,172

326,812

-17,996

35,885

76,917

96,940

58,290

53,637

40,739

40,717

43,332

34,478

48,766

64,973

42,424

18,070

86,964

17,509

13,591

-18,705

21,682

40,813

Per share information attributable to IAC shareholders:
Basic (loss) earnings per share from continuing operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.79

0.72

0.31

0.84

1.81

-0.21

0.44

0.92

1.12

0.71

0.65

0.50

0.52

0.56

0.37

0.52

0.81

0.50

0.22

-0.29

0.22

0.15

-0.12

0.18

0.29

Diluted (loss) earnings per share from continuing operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.74

0.68

0.30

0.80

1.70

-0.21

0.42

0.88

1.08

0.69

0.62

0.46

0.49

0.52

0.34

0.49

0.73

0.46

0.21

-0.27

0.21

0.14

-0.12

0.18

0.29

Basic earnings per share (USD per share)

-2.49

1.19

1.52

1.35

1.06

2.30

1.75

2.61

0.86

0.41

2.22

0.84

0.34

1.29

0.54

-2.45

0.10

-0.39

0.79

0.72

0.32

0.85

3.91

-0.22

0.44

0.91

1.17

0.70

0.64

0.47

0.46

0.50

0.42

0.57

0.77

0.47

0.20

0.80

0.17

0.12

-0.16

0.16

0.28

Diluted earnings per share (USD per share)

-2.49

1.05

1.35

1.19

0.91

2.07

1.49

2.32

0.71

0.40

1.79

0.70

0.29

1.35

0.49

-2.45

0.09

-0.39

0.74

0.68

0.30

0.81

3.68

-0.22

0.41

0.88

1.13

0.67

0.61

0.43

0.43

0.47

0.38

0.53

0.69

0.44

0.19

0.81

0.16

0.12

-0.16

0.16

0.28

Dividends declared per share (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

0.34

0.34

0.34

0.34

0.34

0.24

0.24

0.24

0.24

0.24

0.24

0.24

0.24

0.12

0.12

-

0.00

-

-

-

-

-

-

-

-

Stock-based compensation expense by function:
Stock-based compensation 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

16,515

13,592

Cost of revenue
Stock-based compensation expense

1,185

848

935

695

1,289

545

512

715

710

492

414

473

502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling and marketing expense
Stock-based compensation expense

2,424

2,483

2,338

2,760

2,717

2,264

1,837

2,077

1,765

6,898

20,970

1,643

1,807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense
Stock-based compensation expense

44,637

46,456

36,883

49,949

45,010

53,767

44,242

44,875

45,626

39,834

94,432

31,751

26,940

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product development expense
Stock-based compensation expense

10,218

11,079

9,897

9,021

18,428

9,838

8,772

9,894

10,981

10,032

18,656

5,048

4,726

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-