LendingTree, Inc. TREE Income Statement

Lendingtree, inc. (TREE)

Income statement / Quarterly

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	Sep'10	Jun'10
Revenue
283,084	255,187	310,605	278,421	262,390	202,672	197,057	184,101	181,035	160,954	171,494	152,773	132,515	100,841	94,558	94,290	94,713	78,341	69,804	55,136	50,935	43,864	41,306	42,144	40,036	36,411	37,343	37,406	28,080	23,942	23,296	16,970	13,235	10,666	13,101	16,931	13,919	15,204	15,116
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization shown separately below)
14,252	16,728	17,671	16,310	17,670	13,822	10,838	6,043	5,696	5,080	4,388	4,164	3,591	3,435	3,392	3,464	3,473	2,968	2,436	1,991	1,975	2,233	2,110	1,895	1,665	1,503	1,733	1,950	1,356	1,465	1,231	803	796	604	1,001	1,322	1,206	1,346	1,118
Gross margin
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,858	13,998
Selling and marketing expense
195,538	167,842	200,818	191,629	174,891	125,901	124,400	123,946	126,044	111,854	118,538	109,141	93,251	68,684	62,819	64,538	65,059	54,234	48,901	36,877	32,837	29,123	27,168	28,964	27,449	22,648	24,832	26,386	17,255	13,937	13,376	10,969	10,652	7,417	8,475	15,241	15,529	12,944	11,497
General and administrative expense
32,082	27,456	30,323	27,951	31,117	30,666	22,980	24,759	22,814	29,980	17,920	12,094	11,547	10,407	9,008	8,553	9,259	8,694	7,069	7,039	7,228	7,682	6,590	5,478	6,133	6,841	5,610	5,651	6,556	6,065	5,532	5,831	4,803	4,692	4,388	5,199	5,472	6,295	6,328
Product development
10,963	9,412	10,200	10,175	10,166	8,123	6,608	5,967	6,260	5,433	4,805	4,064	3,623	2,377	3,718	3,781	3,885	3,247	2,675	2,390	2,173	2,041	1,658	1,826	1,932	1,350	1,217	1,492	1,205	1,146	853	756	774	525	681	751	1,246	805	717
Depreciation
3,378	3,261	2,696	2,559	2,482	2,186	1,895	1,633	1,671	1,776	1,798	1,808	1,703	1,486	1,286	1,174	998	873	764	717	654	704	840	946	755	853	891	872	885	901	934	1,046	1,224	1,346	1,393	1,225	1,059	823	892
Amortization of intangibles
13,757	13,756	13,778	14,280	13,427	9,840	5,701	3,964	3,963	3,958	3,817	2,608	2,609	980	166	72	25	25	25	37	62	40	41	27	28	28	33	43	43	44	101	106	107	104	213	267	307	307	943
Change in fair value of contingent consideration
-8,122	7,181	3,839	2,790	14,592	9,591	2,105	-167	-741	3,291	2,501	9,393	8,746	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance
158	390	179	403	54	21	2,328	3	0	0	0	247	157	50	0	72	0	0	28	388	6	141	7	23	202	83	-70	148	-2	52	-48	3	-64	90	498	398	94	46	68
Litigation settlements and contingencies
-329	-458	92	8	207	-82	88	-170	-22	-243	272	285	404	20	19	-79	169	52	133	-1,078	282	188	2,338	385	7,707	2,143	2,875	2,909	1,028	-4,049	510	216	222	525	212	246	4,749	74	-
Asset impairments (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,250	-	-	-
Total costs and expenses
262,335	246,166	279,412	266,105	264,192	200,244	176,767	165,978	165,685	161,129	154,039	143,804	125,631	87,439	80,408	81,575	82,868	70,093	62,031	48,361	45,217	42,152	40,752	39,544	45,871	35,449	37,121	39,451	28,326	19,561	22,489	19,730	18,514	15,303	16,861	53,899	29,662	21,294	20,445
Operating Income (Loss)
20,749	9,021	31,193	12,316	-1,802	2,428	20,290	18,123	15,350	-175	17,455	8,969	6,884	13,402	14,150	12,715	11,845	8,248	7,773	6,775	5,718	1,712	554	2,600	-5,835	962	222	-2,045	-246	4,381	807	-2,760	-5,279	-4,637	-3,760	-36,968	-15,743	-7,436	-6,447
Other (expense) income, net:
Interest expense, net
-4,834	35,679	-4,845	-5,095	-5,468	20,742	-2,393	-2,924	-2,988	11,076	-2,804	-1,079	-165	985	-141	-141	-142	234	-1	-64	2	3	-1	0	0	1	4	7	7	275	349	136	121	103	110	76	79	60	166
Other income
0	-	4	71	68	-	-69	-71	34	-	-228	13	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-103	-110	-76	-79	-60	-166
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
15,915	4,539	26,352	7,292	-7,202	-1,608	17,828	15,128	12,396	-3,336	14,423	7,903	6,719	13,288	14,009	12,574	11,703	8,140	7,772	6,711	5,720	1,711	553	2,600	-5,835	961	218	-2,052	-253	4,106	458	-2,896	-5,400	-4,740	-3,870	-37,044	-15,822	-7,496	-6,613
Income tax benefit
-3,061	3,073	1,889	-5,689	-7,752	-1,859	-10,534	-29,721	-23,461	3,182	4,292	-104	-1,079	5,267	6,729	3,572	4,798	-23,941	389	272	307	-398	-2	-83	-1	-356	-98	-19	20	1,602	188	-1,142	-2,131	361	-464	-11,928	265	42	265
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
18,976	1,466	24,463	12,981	550	251	28,362	44,849	35,857	-6,518	10,131	8,007	7,798	8,021	7,280	9,002	6,905	32,081	7,383	6,439	5,413	2,109	555	2,683	-5,834	1,317	316	-2,033	-273	2,504	270	-1,754	-3,269	-5,101	-3,406	-25,116	-16,087	-7,538	-6,878
Gain from sale of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-540	0	10,003	98	60	0	24,313	0	-	7,752	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-4,575	392	-20,199	-763	-1,062	-3,551	-2,634	-2,302	-4,333	-1,208	-1,011	-689	-932	-	-664	-	-	-	-	-	-	-	-	-	-	-1,519	-529	9,112	-2,444	-184	4,112	27,528	17,418	-	16,721	-9,389	-	9,357	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,150	-1,203	-	-1,295	-1,717	-226	-	-174	-2,931	-574	-979	-529	-891	-2,542	-244	4,112	3,215	17,418	6,283	8,969	-9,389	-23,408	9,357	6,079
Net Income (Loss) Available to Common Stockholders, Basic
14,401	1,858	4,264	12,218	-512	-3,300	25,728	42,547	31,524	-7,726	9,120	7,318	6,866	7,324	6,616	7,852	5,702	32,050	6,088	4,722	5,187	15,637	381	-248	-6,408	-202	-213	7,079	-2,717	2,320	4,382	25,774	14,149	1,182	13,315	-34,505	-39,495	1,819	-799
Weighted average shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
12,957	12,923	12,890	12,805	12,718	12,711	12,799	12,416	12,090	11,989	11,999	11,965	11,827	11,768	11,754	11,795	11,931	11,933	11,445	11,382	11,304	11,214	11,182	11,214	11,142	11,023	11,017	11,133	10,967	10,769	10,771	10,685	10,555	11,047	11,037	11,014	10,882	11,023	11,240
Weighted Average Number of Shares Outstanding, Diluted
14,158	14,750	14,632	14,908	14,186	13,543	13,850	14,147	14,848	13,873	13,774	13,604	13,477	12,747	12,742	12,730	12,873	13,176	12,489	12,334	12,165	9,925	11,836	11,849	11,142	10,320	11,720	11,133	10,967	10,155	11,385	10,685	10,555	11,047	11,037	11,014	10,882	11,163	11,240
Income per share from continuing operations:
Basic (in dollars per share)
1.46	0.12	1.90	1.01	0.04	-0.06	2.22	3.61	2.97	-0.54	0.84	0.67	0.66	0.68	0.62	0.76	0.58	2.76	0.65	0.57	0.48	0.19	0.05	0.24	-0.52	0.11	0.03	-0.18	-0.02	0.23	0.03	-0.16	-0.31	-0.45	-0.31	-2.28	-1.48	-0.68	-0.61
Diluted (in dollars per share)
1.34	0.12	1.67	0.87	0.04	0.12	2.05	3.17	2.41	-0.49	0.74	0.59	0.58	0.62	0.57	0.71	0.54	2.54	0.59	0.52	0.44	0.20	0.05	0.23	-0.52	0.11	0.03	-0.18	-0.02	0.24	0.02	-0.16	-0.31	-0.45	-0.31	-2.28	-1.48	-0.68	-0.61
Loss per share from discontinued operations:
Basic (in dollars per share)
-0.35	0.02	-1.57	-0.06	-0.08	-0.27	-0.21	-0.19	-0.36	-0.10	-0.08	-0.06	-0.08	-0.05	-0.06	-0.10	-0.10	0.00	-0.11	-0.15	-0.02	1.21	-0.02	-0.26	-0.05	-0.13	-0.05	0.82	-0.22	-0.04	0.38	2.58	1.65	0.59	1.52	-0.85	-2.15	-	-
Diluted (in dollars per share)
-0.32	0.02	-1.38	-0.05	-0.07	-0.27	-0.19	-0.16	-0.29	-0.09	-0.07	-0.05	-0.07	-0.06	-0.05	-0.09	-0.09	0.00	-0.10	-0.14	-0.02	1.19	-0.01	-0.25	-0.05	-0.13	-0.05	0.82	-0.22	-0.02	0.36	2.58	1.65	0.59	1.52	-0.85	-2.15	-	-
Earnings Per Share [Abstract]
Basic (in dollars per share)
1.11	0.15	0.33	0.95	-0.04	-0.33	2.01	3.43	2.61	-0.65	0.76	0.61	0.58	0.62	0.56	0.67	0.48	2.77	0.53	0.41	0.46	1.41	0.03	-0.02	-0.58	-0.01	-0.02	0.64	-0.25	0.20	0.41	2.41	1.34	0.14	1.21	-3.13	-3.63	0.16	-0.07
Diluted (in dollars per share)
1.02	0.15	0.29	0.82	-0.04	-0.14	1.86	3.01	2.12	-0.57	0.66	0.54	0.51	0.57	0.52	0.62	0.44	2.53	0.49	0.38	0.43	1.41	0.03	-0.02	-0.58	-0.01	-0.02	0.64	-0.25	0.23	0.38	2.41	1.34	0.14	1.21	-3.13	-3.63	0.16	-0.07