Match group, inc. (MTCH)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Revenue

2,131,275

2,051,258

1,961,435

1,863,885

1,787,108

1,729,850

1,651,413

1,550,888

1,439,264

1,330,661

1,246,624

1,190,736

1,156,473

1,118,110

980,088

961,529

935,037

909,705

0

0

0

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

550,854

527,184

496,324

465,611

436,280

410,000

384,732

349,264

314,595

279,499

247,689

226,415

210,728

195,648

144,784

141,650

139,201

134,386

0

0

0

Selling and marketing expense

433,267

427,440

430,280

425,073

420,446

419,954

402,710

389,206

386,658

375,610

357,669

350,688

346,738

349,119

334,079

335,888

340,306

342,767

0

0

0

General and administrative expense

282,730

254,966

234,552

211,987

191,919

180,286

172,196

176,949

178,655

179,804

168,357

148,431

139,905

135,019

105,457

121,424

131,663

122,377

0

0

0

Product development expense

151,456

151,960

147,062

144,480

144,435

132,030

126,592

119,573

110,999

101,150

92,768

83,105

78,697

78,117

71,664

71,130

68,955

63,966

0

0

0

Depreciation

33,865

32,450

32,018

32,450

32,652

32,968

34,053

33,687

33,171

32,613

31,226

30,271

29,564

27,726

20,106

19,051

18,497

19,791

0

0

0

Amortization of intangibles

14,719

8,727

1,868

1,662

1,487

1,318

1,174

1,140

1,307

1,468

3,136

6,117

10,607

16,932

14,311

15,281

16,288

13,437

0

0

0

Total operating costs and expenses

1,466,891

1,402,727

1,342,104

1,281,263

1,227,219

1,176,556

1,121,457

1,069,819

1,025,385

970,144

900,845

845,027

816,239

802,561

690,401

704,424

714,910

696,724

0

0

0

Operating income

664,384

648,531

619,331

582,622

559,889

553,294

529,956

481,069

413,879

360,517

345,779

345,709

340,234

315,549

289,687

257,105

220,127

212,981

0

0

0

Interest expense

94,749

91,719

87,534

83,238

77,697

73,417

74,453

75,625

76,421

77,565

77,897

79,199

80,745

82,199

79,815

58,965

38,347

17,943

0

0

0

Interest expenserelated party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,965

0

0

0

Other income (expense), net

3,316

-2,026

6,925

5,032

13,498

7,765

-697

-11,516

-32,070

-30,827

-21,976

-6,017

-1,696

7,866

7,680

3,181

5,909

11,632

0

0

0

Earnings before income taxes

572,951

554,786

538,722

504,416

495,690

487,642

454,806

393,928

305,388

252,125

245,906

260,493

257,793

241,216

216,466

197,917

181,903

198,705

0

0

0

Income tax benefit

1,661

20,361

22,373

11,573

-627

14,673

103,648

-117,052

-125,752

-103,852

-192,740

53,433

65,517

62,875

64,525

66,688

64,012

65,542

0

0

0

Net earnings

571,356

534,425

516,391

492,935

496,325

472,969

351,093

510,914

431,100

355,977

438,685

207,063

192,288

178,341

0

0

0

-

-

-

-

Loss from discontinued operations, net of tax

-

-

0

-

-

-

0

-

-

-5,650

-5,473

-4,833

-7,430

-6,328

0

0

0

-

-

-

-

Net earnings

-

-

0

-

-

-

0

-

-

350,327

433,212

202,230

184,858

172,013

133,763

112,496

101,826

120,487

0

0

0

Net loss (earnings) attributable to noncontrolling interests

-723

-306

-1,658

-4,153

-5,290

-5,348

-3,660

-1,075

110

179

230

526

506

562

530

414

497

104

0

0

0

Net earnings attributable to Match Group, Inc. shareholders

572,079

534,731

518,049

496,710

501,237

477,939

353,372

510,901

429,831

350,148

432,982

201,704

184,352

171,451

133,233

112,082

101,329

120,383

0

0

0

Net earnings per share from continuing operations:
Basic (USD per share)

-

-

0.54

-

-

-

0.47

-

-

-0.03

1.08

0.20

0.10

0.30

0.22

0.15

0.04

-

-

-

-

Diluted (USD per share)

-

-

0.51

-

-

-

0.44

-

-

-0.03

0.98

0.17

0.08

0.27

0.21

0.14

0.04

-

-

-

-

Net earnings per share attributable to Match Group, Inc. shareholders:
Basic (USD per share)

0.57

0.47

0.54

0.46

0.44

0.42

0.47

0.48

0.36

-0.03

1.08

0.20

0.08

0.29

0.22

0.14

0.03

0.18

0.21

0.14

0.16

Diluted (USD per share)

0.55

0.45

0.51

0.43

0.42

0.39

0.44

0.45

0.33

-0.04

0.98

0.17

0.07

0.27

0.21

0.13

0.03

0.15

0.20

0.14

0.16

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

82,899

89,724

87,038

82,374

77,065

66,031

65,273

69,081

68,029

69,090

65,187

55,956

52,946

52,370

59,229

61,568

60,550

49,401

0

0

0

Cost of revenue
Stock-based compensation expense

3,595

3,693

3,379

2,953

2,919

2,287

2,223

2,160

1,945

1,701

0

0

0

-

-

-

-

-

-

-

-

Selling and marketing expense
Stock-based compensation expense

4,863

5,112

4,998

4,544

4,103

3,599

3,818

4,219

4,356

4,545

0

0

0

-

-

-

-

-

-

-

-

General and administrative expense
Stock-based compensation expense

43,973

42,863

42,444

40,157

34,457

32,346

30,917

35,019

37,684

42,840

0

0

0

-

-

-

-

-

-

-

-

Product development expense
Stock-based compensation expense

30,468

38,056

36,217

34,720

35,586

27,799

28,315

27,683

24,044

20,004

0

0

0

-

-

-

-

-

-

-

-