| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenue | ||||||
2,051,258 | 1,729,850 | 1,330,661 | 1,118,110 | 909,705 | 836,458 | 803,089 |
Operating costs and expenses: | ||||||
Cost of revenue (exclusive of depreciation shown separately below) | ||||||
527,184 | 410,000 | 279,499 | 195,648 | 134,386 | 94,787 | 85,945 |
Selling and marketing expense | ||||||
427,440 | 419,954 | 375,610 | 349,119 | 342,767 | 324,693 | 321,870 |
General and administrative expense | ||||||
254,966 | 180,286 | 179,804 | 135,019 | 122,377 | 88,460 | 93,641 |
Product development expense | ||||||
151,960 | 132,030 | 101,150 | 78,117 | 63,966 | 45,862 | 42,973 |
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 |
Total operating costs and expenses | ||||||
1,402,727 | 1,176,556 | 970,144 | 802,561 | 696,724 | 582,733 | 581,756 |
Operating income | ||||||
648,531 | 553,294 | 360,517 | 315,549 | 212,981 | 253,725 | 221,333 |
Interest expense | ||||||
91,719 | 73,417 | 77,565 | 82,199 | 17,943 | 0 | 0 |
Interest expenserelated party | ||||||
- | - | - | - | 7,965 | 25,294 | 34,307 |
Other income (expense), net | ||||||
-2,026 | 7,765 | -30,827 | 7,866 | 11,632 | 13,785 | 217 |
Earnings before income taxes | ||||||
554,786 | 487,642 | 252,125 | 241,216 | 198,705 | 242,216 | 187,243 |
Income tax benefit | ||||||
20,361 | 14,673 | -103,852 | 62,875 | 65,542 | 77,125 | 60,616 |
Net earnings | ||||||
534,425 | 472,969 | 355,977 | 178,341 | 133,163 | 165,091 | - |
Loss from discontinued operations, net of tax | ||||||
0 | -378 | -5,650 | -6,328 | -12,676 | -16,732 | - |
Net earnings | ||||||
534,425 | 472,591 | 350,327 | 172,013 | 120,487 | 148,359 | 126,627 |
Net loss (earnings) attributable to noncontrolling interests | ||||||
-306 | -5,348 | 179 | 562 | 104 | 595 | 1,624 |
Net earnings attributable to Match Group, Inc. shareholders | ||||||
534,731 | 477,939 | 350,148 | 171,451 | 120,383 | 147,764 | 125,003 |
Net earnings per share from continuing operations: | ||||||
Basic (USD per share) | ||||||
1.91 | 1.73 | 1.35 | 0.71 | 0.76 | 1.02 | - |
Diluted (USD per share) | ||||||
1.81 | 1.61 | 1.20 | 0.66 | 0.72 | 0.98 | - |
Net earnings per share attributable to Match Group, Inc. shareholders: | ||||||
Basic (USD per share) | ||||||
1.91 | 1.73 | 1.33 | 0.68 | 0.69 | 0.92 | 0.78 |
Diluted (USD per share) | ||||||
1.81 | 1.61 | 1.18 | 0.64 | 0.65 | 0.88 | 0.76 |
Dividend declared per share (USD per share) | ||||||
0.00 | 2.00 | 0.00 | 0.00 | - | - | - |
Stock-based compensation expense by function: | ||||||
Stock-based compensation expense by function: | ||||||
Stock-based compensation expense | ||||||
89,724 | 66,031 | 69,090 | 52,370 | 49,401 | 19,543 | 12,228 |
Cost of revenue | ||||||
Stock-based compensation expense | ||||||
3,693 | 2,287 | 1,701 | 1,447 | - | - | - |
Selling and marketing expense | ||||||
Stock-based compensation expense | ||||||
5,112 | 3,599 | 4,545 | 3,426 | - | - | - |
General and administrative expense | ||||||
Stock-based compensation expense | ||||||
42,863 | 32,346 | 42,840 | 33,784 | - | - | - |
Product development expense | ||||||
Stock-based compensation expense | ||||||
38,056 | 27,799 | 20,004 | 13,713 | - | - | - |