| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net earnings | ||||||
534,425 | 472,969 | 355,977 | 178,341 | 133,163 | 165,091 | 126,627 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities attributable to continuing operations: | ||||||
Stock-based compensation expense | ||||||
89,724 | 66,031 | 69,090 | 52,370 | 49,401 | 19,543 | 12,228 |
Depreciation | ||||||
32,450 | 32,968 | 32,613 | 27,726 | 19,791 | 21,502 | 20,202 |
Amortization of intangibles | ||||||
8,727 | 1,318 | 1,468 | 16,932 | 13,437 | 7,429 | 17,125 |
Excess tax benefits from stock-based awards | ||||||
- | - | - | - | - | - | 10,800 |
Deferred income taxes | ||||||
-7,472 | -19,639 | -118,251 | -10,298 | -20,927 | -2,350 | -3,651 |
Acquisition-related contingent consideration fair value adjustments | ||||||
0 | 320 | 5,253 | -9,197 | -11,056 | -12,912 | 343 |
Other adjustments, net | ||||||
8,536 | 230 | 22,142 | -4,797 | -1,390 | -11,896 | 255 |
Changes in assets and liabilities | ||||||
Accounts receivable | ||||||
17,862 | -17,272 | 51,587 | 10,731 | 20,088 | -1,370 | 3,651 |
Other assets | ||||||
24,301 | 14,606 | 10,547 | 5,327 | 10,367 | 10,779 | 155 |
Accounts payable and other liabilities | ||||||
29,076 | 20,769 | -16,801 | -24,346 | 29,934 | -8,869 | -972 |
Income taxes payable and receivable | ||||||
-4,379 | 12,765 | -1,002 | 29,641 | 41,797 | 12,856 | 4,808 |
Deferred revenue | ||||||
9,478 | 13,058 | 32,753 | 19,235 | 30,198 | 5,416 | 12,401 |
Net cash provided by operating activities | ||||||
658,402 | 603,455 | 321,108 | 259,549 | 253,893 | 186,401 | 174,797 |
Cash flows from investing activities: | ||||||
Net cash used in business combinations | ||||||
3,759 | 1,136 | 280 | 686 | 610,222 | 114,051 | 32,145 |
Capital expenditures | ||||||
38,754 | 30,954 | 28,833 | 46,098 | 25,246 | 19,734 | 19,807 |
Proceeds from the sale of a business, net | ||||||
0 | 0 | 96,144 | 0 | 0 | - | - |
Proceeds from the sale of a long-term investment | ||||||
0 | 0 | 60,163 | 0 | 0 | - | - |
Proceeds from sale of a marketable security | ||||||
- | - | - | 11,716 | 0 | 0 | - |
Purchases of investments | ||||||
0 | 3,800 | 9,076 | 500 | 0 | 4,536 | 0 |
Other, net | ||||||
-1,063 | 4,143 | -70 | -8,369 | 7,882 | -180 | 2,034 |
Net cash used in investing activities | ||||||
-41,450 | -37,761 | 118,188 | -27,199 | -643,350 | -138,141 | -53,986 |
Cash flows from financing activities: | ||||||
Borrowings under the Credit Facility | ||||||
40,000 | 260,000 | 0 | 0 | - | - | - |
Term Loan borrowings | ||||||
0 | 0 | 75,000 | 0 | 788,000 | 0 | 0 |
Proceeds from Senior Notes offering | ||||||
350,000 | 0 | 450,000 | 400,000 | 0 | 0 | - |
Principal payment on Senior Notes | ||||||
- | - | - | 0 | 0 | - | - |
Principal payments on Credit Facility | ||||||
300,000 | 0 | 445,172 | 450,000 | 0 | 0 | - |
Debt issuance costs | ||||||
5,593 | 1,281 | 12,285 | 7,811 | 17,174 | 0 | 0 |
Dividends | ||||||
0 | 556,372 | 0 | 0 | - | - | - |
Fees and expenses related to Note Exchange | ||||||
- | - | - | - | 6,954 | 0 | 0 |
Proceeds from initial public offering, net of fees and expenses | ||||||
- | - | - | - | 428,789 | 0 | 0 |
Cash dividend to IAC | ||||||
- | - | - | - | 1,022,500 | 0 | 0 |
Transfers to IAC in periods prior to the IPO | ||||||
- | - | - | - | 86,012 | 108,723 | -9,653 |
Capital contribution from IAC to partially fund the acquisition of PlentyOfFish | ||||||
- | - | - | - | 500,000 | 0 | 0 |
Repayment of related party debt | ||||||
- | - | - | - | -182,509 | 111,586 | 0 |
Proceeds from issuance of common stock pursuant to stock-based awards | ||||||
0 | 12 | 59,442 | 39,378 | 0 | 0 | - |
Withholding taxes paid on behalf of employees on net settled stock-based awards | ||||||
203,177 | 207,720 | 254,210 | 29,830 | - | - | - |
Purchase of treasury stock | ||||||
216,400 | 133,500 | 0 | 0 | - | - | - |
Withholding taxes paid on behalf of employees on net settled stock-based awards | ||||||
- | - | - | - | 0 | - | 10,763 |
Purchase of noncontrolling interests | ||||||
1,650 | 9,980 | 436 | 1,129 | 2,864 | 33,165 | 52,552 |
Purchase of stock-based awards | ||||||
0 | 0 | 272,459 | 0 | 23,431 | 0 | 0 |
Acquisition-related contingent consideration payments | ||||||
0 | 185 | 23,429 | 0 | 5,510 | 7,373 | 0 |
Funds returned from (transferred to) escrow for Meetic tender offer | ||||||
- | - | - | - | - | - | 71,512 |
Other, net | ||||||
-74 | -574 | -165 | -11,802 | 0 | 12,298 | -1,614 |
Net cash provided by (used in) financing activities | ||||||
-336,847 | -649,555 | -423,714 | -61,194 | 369,835 | -25,377 | -105,262 |
Total cash provided | ||||||
280,105 | -83,861 | 15,582 | 171,156 | -19,622 | 22,883 | - |
Net cash used in operating activities attributable to discontinued operations | ||||||
0 | 0 | -6,061 | 4,231 | -6,427 | -7,467 | - |
Net cash used in investing activities attributable to discontinued operations | ||||||
0 | 0 | -471 | -4,152 | -5,512 | -2,059 | - |
Total cash used in discontinued operations | ||||||
0 | 0 | -6,532 | 79 | -11,939 | -9,526 | - |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||
-1,442 | -1,760 | 9,940 | -5,763 | -7,896 | -10,953 | 2,513 |
Net increase in cash, cash equivalents, and restricted cash | ||||||
278,663 | -85,621 | 18,990 | 165,472 | -39,457 | 2,404 | 18,062 |