Company Quick10K Filing
IAC/Interactivecorp
Price249.62 EPS6
Shares85 P/E39
MCap21,158 P/FCF23
Net Debt-18 EBIT747
TEV21,140 TEV/EBIT28
TTM 2019-12-31, in MM, except price, ratios
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-09
10-Q 2015-06-30 Filed 2015-07-31
10-Q 2015-03-31 Filed 2015-05-01
10-K 2014-12-31 Filed 2015-02-27
10-Q 2014-09-30 Filed 2014-11-03
10-Q 2014-06-30 Filed 2014-07-31
10-Q 2014-03-31 Filed 2014-05-02
10-K 2013-12-31 Filed 2014-02-26
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-02
10-Q 2012-03-31 Filed 2012-05-09
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-09-30 Filed 2010-10-29
10-Q 2010-06-30 Filed 2010-07-29
10-Q 2010-03-31 Filed 2010-04-30
10-K 2009-12-31 Filed 2010-02-26
8-K 2020-05-19 Enter Agreement, Leave Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2020-05-06 Earnings, Regulation FD, Exhibits
8-K 2020-04-28 Enter Agreement, Other Events, Exhibits
8-K 2020-02-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-02-11 Other Events, Exhibits
8-K 2020-02-05 Earnings, Exhibits
8-K 2019-12-20 Enter Agreement, Exhibits
8-K 2019-12-20 Other Events, Exhibits
8-K 2019-12-19 Other Events, Exhibits
8-K 2019-12-19 Enter Agreement, Other Events, Exhibits
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-10-07 Officers
8-K 2019-08-07 Earnings, Regulation FD, Exhibits
8-K 2019-07-22 Regulation FD
8-K 2019-06-12 Shareholder Vote
8-K 2019-06-03 Other Events
8-K 2019-05-28 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2019-05-22 Regulation FD, Exhibits
8-K 2019-05-20 Regulation FD, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-02-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-02-11 Enter Agreement
8-K 2019-02-07 Earnings, Exhibits
8-K 2019-01-22 Regulation FD, Exhibits
8-K 2018-12-07 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-11-05 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-08-08 Earnings, Regulation FD, Exhibits
8-K 2018-06-28 Officers, Shareholder Vote, Exhibits
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-02-07 Earnings, Regulation FD, Exhibits

IAC 10Q Quarterly Report

Part I
Item 1. Consolidated Financial Statements
Note 1 - The Company and Summary of Significant Accounting Policies
Note 2 - Income Taxes
Note 3 - Goodwill and Intangible Assets
Note 4 - Financial Instruments and Fair Value Measurements
Note 5 - Long - Term Debt
Note 6 - Accumulated Other Comprehensive Loss
Note 7 - (Loss) Earnings per Share
Note 8 - Segment Information
Note 9 - Consolidated Financial Statement Details
Note 10 - Contingencies
Note 11 - Subsequent Event
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 iac-ex3112020331.htm
EX-31.2 iac-ex3122020331.htm
EX-31.3 iac-ex3132020331.htm
EX-32.1 iac-ex3212020331.htm
EX-32.2 iac-ex3222020331.htm
EX-32.3 iac-ex3232020331.htm

IAC/Interactivecorp Earnings 2020-03-31

Balance SheetIncome StatementCash Flow
10.08.06.04.02.00.02011201420172021
Assets, Equity
1.31.00.70.50.2-0.12011201420172021
Rev, G Profit, Net Income
1.20.80.50.1-0.2-0.62011201420172021
Ops, Inv, Fin

Document
false--12-31Q120200000891103P5DP5DP5DP5D24726000286690000.250.0010.0010.0010.0010.0010.0011600000000400000000160000000040000000026323000016157000263502000161570007889000057890007916200057890000.0150.041250.056250.008750.008750.02P5Y19830000014900000399700000000.00250.00250.00200.00250.00300.00200425000000194708000194708000 0000891103 2020-01-01 2020-03-31 0000891103 us-gaap:CommonClassAMember 2020-05-01 0000891103 us-gaap:CommonClassBMember 2020-05-01 0000891103 2019-12-31 0000891103 us-gaap:CommonClassAMember 2019-12-31 0000891103 2020-03-31 0000891103 us-gaap:CommonClassAMember 2020-03-31 0000891103 us-gaap:CommonClassBMember 2019-12-31 0000891103 us-gaap:CommonClassBMember 2020-03-31 0000891103 2019-01-01 2019-03-31 0000891103 us-gaap:GeneralAndAdministrativeExpenseMember 2020-01-01 2020-03-31 0000891103 us-gaap:SellingAndMarketingExpenseMember 2020-01-01 2020-03-31 0000891103 us-gaap:CostOfSalesMember 2019-01-01 2019-03-31 0000891103 us-gaap:GeneralAndAdministrativeExpenseMember 2019-01-01 2019-03-31 0000891103 us-gaap:CostOfSalesMember 2020-01-01 2020-03-31 0000891103 us-gaap:SellingAndMarketingExpenseMember 2019-01-01 2019-03-31 0000891103 us-gaap:ResearchAndDevelopmentExpenseMember 2019-01-01 2019-03-31 0000891103 us-gaap:ResearchAndDevelopmentExpenseMember 2020-01-01 2020-03-31 0000891103 us-gaap:NoncontrollingInterestMember 2019-03-31 0000891103 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-03-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000891103 iac:RedeemableNoncontrollingInterestsMember 2019-01-01 2019-03-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000891103 us-gaap:ParentMember 2019-01-01 2019-03-31 0000891103 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000891103 iac:RedeemableNoncontrollingInterestsMember 2018-12-31 0000891103 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000891103 us-gaap:RetainedEarningsMember 2018-12-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:ParentMember 2019-01-01 2019-03-31 0000891103 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:TreasuryStockMember 2019-03-31 0000891103 2019-03-31 0000891103 us-gaap:RetainedEarningsMember 2019-03-31 0000891103 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000891103 us-gaap:TreasuryStockMember 2018-12-31 0000891103 2018-12-31 0000891103 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2018-12-31 0000891103 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000891103 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2018-12-31 0000891103 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000891103 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2019-03-31 0000891103 us-gaap:ParentMember 2018-12-31 0000891103 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000891103 iac:RedeemableNoncontrollingInterestsMember 2019-03-31 0000891103 iac:MatchGroupandANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:NoncontrollingInterestMember 2018-12-31 0000891103 us-gaap:ParentMember 2019-03-31 0000891103 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000891103 iac:RedeemableNoncontrollingInterestsMember 2020-01-01 2020-03-31 0000891103 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2019-12-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0000891103 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0000891103 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000891103 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2020-03-31 0000891103 iac:MatchGroupandANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:ParentMember 2020-01-01 2020-03-31 0000891103 us-gaap:TreasuryStockMember 2019-12-31 0000891103 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2020-01-01 2020-03-31 0000891103 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2020-03-31 0000891103 us-gaap:NoncontrollingInterestMember 2020-03-31 0000891103 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0000891103 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000891103 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0000891103 us-gaap:RetainedEarningsMember 2020-03-31 0000891103 us-gaap:ParentMember 2019-12-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:ParentMember 2020-01-01 2020-03-31 0000891103 iac:RedeemableNoncontrollingInterestsMember 2020-03-31 0000891103 us-gaap:TreasuryStockMember 2020-03-31 0000891103 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000891103 iac:RedeemableNoncontrollingInterestsMember 2019-12-31 0000891103 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-12-31 0000891103 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0000891103 us-gaap:ParentMember 2020-03-31 0000891103 us-gaap:RetainedEarningsMember 2019-12-31 0000891103 us-gaap:NoncontrollingInterestMember 2019-12-31 0000891103 iac:MatchGroupandANGIHomeservicesMember us-gaap:NoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 iac:MatchGroupMember 2019-01-01 2019-03-31 0000891103 iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 iac:IACInterActiveCorpMember 2020-01-01 2020-03-31 0000891103 iac:IACInterActiveCorpMember 2019-01-01 2019-03-31 0000891103 iac:MatchGroupMember 2020-01-01 2020-03-31 0000891103 iac:GoogleIncMember us-gaap:SalesRevenueSegmentMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-03-31 0000891103 iac:MatchGroupMember 2020-03-31 0000891103 iac:GoogleIncMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2019-12-31 0000891103 iac:GoogleIncMember us-gaap:SalesRevenueSegmentMember us-gaap:CustomerConcentrationRiskMember iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 iac:ApplicationsMember iac:DesktopMember 2020-01-01 2020-03-31 0000891103 iac:GoogleIncMember us-gaap:SalesRevenueSegmentMember us-gaap:CustomerConcentrationRiskMember iac:EmergingOtherMember 2019-01-01 2019-03-31 0000891103 iac:GoogleIncMember us-gaap:SalesRevenueSegmentMember us-gaap:CustomerConcentrationRiskMember 2020-01-01 2020-03-31 0000891103 iac:GoogleIncMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2020-03-31 0000891103 iac:GoogleIncMember us-gaap:SalesRevenueSegmentMember us-gaap:CustomerConcentrationRiskMember iac:EmergingOtherMember 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember 2020-03-31 0000891103 iac:RevenueChangeMember iac:HandyTechnologiesInc.Member 2020-01-01 2020-03-31 0000891103 iac:GoogleIncMember us-gaap:SalesRevenueSegmentMember us-gaap:CustomerConcentrationRiskMember iac:ApplicationsMember 2019-01-01 2019-03-31 0000891103 iac:ApplicationsMember iac:MosaicGroupMember 2020-03-31 0000891103 iac:ANGIHomeservicesMember 2019-12-31 0000891103 iac:ApplicationsMember iac:DesktopMember 2019-12-31 0000891103 iac:EmergingOtherMember 2020-03-31 0000891103 iac:VideoMember 2019-12-31 0000891103 iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 iac:MatchGroupMember 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 iac:VideoMember 2020-03-31 0000891103 iac:VideoMember 2020-01-01 2020-03-31 0000891103 iac:ApplicationsMember iac:MosaicGroupMember 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember 2020-03-31 0000891103 iac:EmergingOtherMember 2020-01-01 2020-03-31 0000891103 iac:MatchGroupMember 2019-12-31 0000891103 iac:EmergingOtherMember 2019-12-31 0000891103 iac:ApplicationsMember iac:DesktopMember 2020-03-31 0000891103 iac:EmergingOtherMember iac:CollegeHumorMediaMember 2020-01-01 2020-03-31 0000891103 iac:ApplicationsMember 2020-03-31 0000891103 iac:ApplicationsMember 2019-12-31 0000891103 iac:ApplicationsMember iac:MosaicGroupMember 2019-12-31 0000891103 iac:MatchGroupMember 2020-03-31 0000891103 iac:MatchGroupMember 2019-01-01 2019-12-31 0000891103 2019-01-01 2019-12-31 0000891103 iac:ApplicationsMember iac:MosaicGroupMember 2019-01-01 2019-12-31 0000891103 iac:ANGIHomeservicesMember 2019-01-01 2019-12-31 0000891103 iac:EmergingOtherMember 2019-01-01 2019-12-31 0000891103 iac:ApplicationsMember iac:DesktopMember 2019-01-01 2019-12-31 0000891103 iac:VideoMember 2019-01-01 2019-12-31 0000891103 iac:ApplicationsMember iac:MosaicGroupMember 2018-12-31 0000891103 iac:ApplicationsMember 2019-01-01 2019-12-31 0000891103 iac:MatchGroupMember 2018-12-31 0000891103 iac:ANGIHomeservicesMember 2018-12-31 0000891103 iac:EmergingOtherMember 2018-12-31 0000891103 iac:ApplicationsMember iac:DesktopMember 2018-12-31 0000891103 iac:ApplicationsMember 2018-12-31 0000891103 iac:VideoMember 2018-12-31 0000891103 us-gaap:CustomerListsMember 2019-12-31 0000891103 us-gaap:TradeNamesMember 2019-12-31 0000891103 iac:ContractorandServiceProfessionalRelationshipsandOtherMember 2019-12-31 0000891103 us-gaap:CustomerListsMember 2019-01-01 2019-12-31 0000891103 us-gaap:TechnologyBasedIntangibleAssetsMember 2019-01-01 2019-12-31 0000891103 iac:MembershipsMember 2019-01-01 2019-12-31 0000891103 iac:ContractorandServiceProfessionalRelationshipsandOtherMember 2019-01-01 2019-12-31 0000891103 iac:MembershipsMember 2019-12-31 0000891103 us-gaap:MediaContentMember 2019-12-31 0000891103 us-gaap:TechnologyBasedIntangibleAssetsMember 2019-12-31 0000891103 us-gaap:TradeNamesMember 2019-01-01 2019-12-31 0000891103 us-gaap:MediaContentMember 2019-01-01 2019-12-31 0000891103 us-gaap:CustomerListsMember 2020-03-31 0000891103 iac:MembershipsMember 2020-03-31 0000891103 us-gaap:CustomerListsMember 2020-01-01 2020-03-31 0000891103 us-gaap:MediaContentMember 2020-01-01 2020-03-31 0000891103 us-gaap:MediaContentMember 2020-03-31 0000891103 iac:MembershipsMember 2020-01-01 2020-03-31 0000891103 us-gaap:TechnologyBasedIntangibleAssetsMember 2020-01-01 2020-03-31 0000891103 us-gaap:TechnologyBasedIntangibleAssetsMember 2020-03-31 0000891103 iac:ContractorandServiceProfessionalRelationshipsandOtherMember 2020-03-31 0000891103 us-gaap:TradeNamesMember 2020-03-31 0000891103 us-gaap:TradeNamesMember 2020-01-01 2020-03-31 0000891103 iac:ContractorandServiceProfessionalRelationshipsandOtherMember 2020-01-01 2020-03-31 0000891103 iac:DotdashMember 2020-03-31 0000891103 srt:MaximumMember us-gaap:TradeNamesMember us-gaap:MeasurementInputDiscountRateMember 2020-03-31 0000891103 iac:PublishingMember 2020-03-31 0000891103 iac:EmergingOtherMember iac:CollegeHumorMediaMember 2019-10-01 2019-12-31 0000891103 srt:MinimumMember us-gaap:TradeNamesMember us-gaap:MeasurementInputDiscountRateMember 2020-03-31 0000891103 srt:MinimumMember us-gaap:TradeNamesMember iac:MeasurementInputRoyaltyRateMember 2020-03-31 0000891103 us-gaap:MeasurementInputDiscountRateMember iac:ApplicationsMember iac:DesktopMember 2020-03-31 0000891103 iac:EmergingOtherMember iac:CollegeHumorMediaMember 2020-03-31 0000891103 srt:MaximumMember us-gaap:TradeNamesMember iac:MeasurementInputRoyaltyRateMember 2020-03-31 0000891103 iac:PublishingMember 2019-12-31 0000891103 iac:DotdashMember 2019-12-31 0000891103 iac:EmergingOtherMember iac:CollegeHumorMediaMember 2019-12-31 0000891103 us-gaap:CommercialPaperMember 2019-12-31 0000891103 us-gaap:USTreasurySecuritiesMember 2020-03-31 0000891103 iac:ContingentConsiderationArrangementMember us-gaap:MeasurementInputDiscountRateMember 2020-03-31 0000891103 iac:ContingentConsiderationArrangementMember 2020-01-01 2020-03-31 0000891103 iac:ContingentConsiderationArrangementMember 2019-01-01 2019-03-31 0000891103 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0000891103 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-12-31 0000891103 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-03-31 0000891103 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-03-31 0000891103 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member 2020-03-31 0000891103 us-gaap:FairValueInputsLevel1Member 2020-03-31 0000891103 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member 2020-03-31 0000891103 us-gaap:MoneyMarketFundsMember 2020-03-31 0000891103 us-gaap:WarrantMember us-gaap:FairValueInputsLevel2Member 2020-03-31 0000891103 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel3Member 2020-03-31 0000891103 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel1Member 2020-03-31 0000891103 us-gaap:USTreasurySecuritiesMember 2020-03-31 0000891103 us-gaap:BankTimeDepositsMember 2020-03-31 0000891103 us-gaap:WarrantMember us-gaap:FairValueInputsLevel1Member 2020-03-31 0000891103 us-gaap:FairValueInputsLevel2Member 2020-03-31 0000891103 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2020-03-31 0000891103 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel3Member 2020-03-31 0000891103 us-gaap:WarrantMember us-gaap:FairValueInputsLevel3Member 2020-03-31 0000891103 us-gaap:WarrantMember 2020-03-31 0000891103 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel3Member 2020-03-31 0000891103 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel2Member 2020-03-31 0000891103 us-gaap:ShortTermInvestmentsMember 2020-03-31 0000891103 us-gaap:FairValueInputsLevel3Member 2020-03-31 0000891103 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel2Member 2020-03-31 0000891103 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member 2020-03-31 0000891103 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel3Member 2020-03-31 0000891103 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member 2020-03-31 0000891103 us-gaap:CommercialPaperMember 2019-12-31 0000891103 us-gaap:WarrantMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0000891103 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0000891103 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0000891103 us-gaap:WarrantMember 2019-12-31 0000891103 us-gaap:WarrantMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000891103 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0000891103 us-gaap:USTreasurySecuritiesMember 2019-12-31 0000891103 us-gaap:FairValueInputsLevel1Member 2019-12-31 0000891103 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000891103 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000891103 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000891103 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000891103 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000891103 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000891103 us-gaap:FairValueInputsLevel3Member 2019-12-31 0000891103 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000891103 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000891103 us-gaap:MoneyMarketFundsMember 2019-12-31 0000891103 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0000891103 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000891103 us-gaap:BankTimeDepositsMember 2019-12-31 0000891103 us-gaap:WarrantMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000891103 us-gaap:WarrantMember 2020-01-01 2020-03-31 0000891103 iac:ContingentConsiderationArrangementMember 2018-12-31 0000891103 iac:ContingentConsiderationArrangementMember 2019-12-31 0000891103 iac:ContingentConsiderationArrangementMember 2020-03-31 0000891103 iac:ContingentConsiderationArrangementMember 2019-03-31 0000891103 iac:ContingentConsiderationArrangementMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0000891103 srt:ParentCompanyMember 2020-03-31 0000891103 iac:MatchGroupMember 2020-03-31 0000891103 iac:MatchGroupMember 2019-12-31 0000891103 srt:ParentCompanyMember 2019-12-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueJune152026Member us-gaap:SeniorNotesMember 2019-12-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupTermLoandueNovember162022Member us-gaap:LoansPayableMember 2020-03-31 0000891103 iac:ANGIHomeservicesMember 2020-03-31 0000891103 iac:ANGIHomeservicesMember 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes5.625February152029Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes6.375June12024Member us-gaap:SeniorNotesMember 2019-12-31 0000891103 iac:ANGIHomeservicesMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes5.00December152027Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 iac:ANGIHomeservicesMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupTermLoandueNovember162022Member us-gaap:LoansPayableMember 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes6.375June12024Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes4.125August12030Member us-gaap:SeniorNotesMember 2019-12-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes4.125August12030Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2019-12-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueJune152026Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes5.00December152027Member us-gaap:SeniorNotesMember 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes5.625February152029Member us-gaap:SeniorNotesMember 2019-12-31 0000891103 srt:ParentCompanyMember iac:ExchangeableNotesWarrantsMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:ExchangeableNotesWarrantsMember iac:SeniorNotes0.875dueJune152026Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:ExchangeableNotesWarrantsMember iac:SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2019-01-01 2019-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueJune152026Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2020-01-01 2020-03-31 0000891103 iac:IACFinanceCo2Inc.IACFinanceCo3Inc.Member srt:ParentCompanyMember iac:SeniorNotes0.875dueJune152026SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2019-05-21 2019-05-21 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes5.00December152027Member us-gaap:SeniorNotesMember 2017-12-04 0000891103 iac:ANGIHomeservicesMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2019-01-01 2019-12-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2017-10-02 2017-10-02 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes6.375June12024Member us-gaap:SeniorNotesMember 2016-06-01 0000891103 iac:MatchGroupMember iac:MatchGroupTermLoandueNovember162022Member us-gaap:LoansPayableMember 2019-01-01 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes6.375June12024Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes5.625February152029Member us-gaap:SeniorNotesMember 2019-02-15 0000891103 us-gaap:RevolvingCreditFacilityMember iac:IACCreditFacilityMember 2020-01-01 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupTermLoandueNovember162022Member us-gaap:LoansPayableMember 2020-01-01 2020-03-31 0000891103 iac:MatchGroupMember iac:MatchGroupSeniorNotes4.125August12030Member us-gaap:SeniorNotesMember 2020-02-11 0000891103 iac:ANGIHomeservicesMember us-gaap:RevolvingCreditFacilityMember iac:ANGIHomeservicesCreditFacilityMember 2018-11-05 0000891103 iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2017-10-02 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupCreditAgreementMember 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember srt:ScenarioForecastMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2023-11-05 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupCreditAgreementMember 2018-12-07 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2019-01-01 2019-12-31 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupTermLoandueNovember162022Member 2020-01-01 2020-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2017-10-02 0000891103 us-gaap:RevolvingCreditFacilityMember iac:IACCreditFacilityMember 2020-03-31 0000891103 iac:MatchGroupMember 2020-02-11 2020-02-11 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupCreditAgreementMember 2020-03-31 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupCreditAgreementMember 2020-02-13 0000891103 us-gaap:RevolvingCreditFacilityMember iac:IACCreditFacilityMember 2018-12-31 2018-12-31 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupCreditAgreementMember 2020-02-13 2020-02-13 0000891103 iac:MatchGroupMember iac:MatchGroupTermLoandueNovember162022Member us-gaap:LoansPayableMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-03-31 0000891103 iac:ANGIHomeservicesMember srt:ScenarioForecastMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2022-11-06 2023-11-05 0000891103 iac:ANGIHomeservicesMember us-gaap:RevolvingCreditFacilityMember iac:ANGIHomeservicesCreditFacilityMember 2020-03-31 0000891103 iac:ANGIHomeservicesMember srt:ScenarioForecastMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2019-04-01 2021-11-05 0000891103 iac:ANGIHomeservicesMember srt:ScenarioForecastMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember 2021-11-06 2022-11-05 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueJune152026Member us-gaap:SeniorNotesMember 2017-10-02 0000891103 iac:MatchGroupMember iac:MatchGroupTermLoandueNovember162022Member us-gaap:LoansPayableMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupCreditFacilityDueDecember72023Member us-gaap:LineOfCreditMember 2020-03-31 0000891103 iac:ANGIHomeservicesMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-01-01 2020-03-31 0000891103 srt:ParentCompanyMember iac:ExchangeableNotesHedgeMember iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:ExchangeableNotesHedgeMember iac:SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:ExchangeableNotesHedgeMember iac:SeniorNotes0.875dueJune152026Member us-gaap:SeniorNotesMember 2020-03-31 0000891103 srt:ParentCompanyMember iac:SeniorNotes0.875dueJune152026SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember us-gaap:RevolvingCreditFacilityMember iac:ANGIHomeservicesCreditFacilityMember 2018-11-05 2018-11-05 0000891103 iac:ANGIHomeservicesMember iac:ANGITermLoandueNovember052023Member us-gaap:LoansPayableMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-12-31 0000891103 iac:MatchGroupMember iac:MatchGroupCreditFacilityDueDecember72023Member us-gaap:LineOfCreditMember 2019-12-31 0000891103 iac:ANGIHomeservicesMember us-gaap:RevolvingCreditFacilityMember iac:ANGIHomeservicesCreditFacilityMember 2019-12-31 0000891103 us-gaap:RevolvingCreditFacilityMember iac:IACCreditFacilityMember 2019-12-31 0000891103 us-gaap:RevolvingCreditFacilityMember iac:IACCreditFacilityMember 2019-01-01 2019-12-31 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupCreditFacilityDueDecember72023Member 2019-01-01 2019-12-31 0000891103 iac:ANGIHomeservicesMember us-gaap:RevolvingCreditFacilityMember iac:ANGIHomeservicesCreditFacilityMember 2019-01-01 2019-12-31 0000891103 iac:MatchGroupMember us-gaap:RevolvingCreditFacilityMember iac:MatchGroupCreditFacilityDueDecember72023Member 2020-01-01 2020-03-31 0000891103 iac:ANGIHomeservicesMember us-gaap:RevolvingCreditFacilityMember iac:ANGIHomeservicesCreditFacilityMember 2020-01-01 2020-03-31 0000891103 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 us-gaap:AociAttributableToNoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 us-gaap:AccumulatedTranslationAdjustmentMember 2019-12-31 0000891103 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2020-01-01 2020-03-31 0000891103 us-gaap:AccumulatedTranslationAdjustmentMember 2020-03-31 0000891103 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-12-31 0000891103 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-03-31 0000891103 us-gaap:AociAttributableToNoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:AccumulatedTranslationAdjustmentMember 2019-03-31 0000891103 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0000891103 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0000891103 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2019-01-01 2019-03-31 0000891103 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-03-31 0000891103 iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2019-01-01 2019-03-31 0000891103 iac:StockOptionsWarrantsandSubsidiaryDenominatedEquityExchangeofExchangeableNotesandVestingofRSUsMember 2020-01-01 2020-03-31 0000891103 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-03-31 0000891103 us-gaap:PerformanceSharesMember 2019-01-01 2019-03-31 0000891103 iac:SeniorNotes0.875dueOctober12022Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 iac:SeniorNotes0.875dueJune152026Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 iac:SeniorNotes2.00dueJanuary152030Member us-gaap:SeniorNotesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:VimeoMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MatchGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:EmergingOtherMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DotdashMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ApplicationsMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:CorporateNonSegmentMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:VimeoMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DotdashMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:EmergingOtherMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MatchGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember iac:EmergingOtherMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember iac:EmergingOtherMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopSubscriptionandServiceOtherMember iac:ApplicationsMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopMember iac:ApplicationsMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember srt:EuropeMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceMembershipSubscriptionMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingandServiceOtherMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopMember iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:SalesChannelThroughIntermediaryMember iac:MatchGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember srt:NorthAmericaMember us-gaap:SalesChannelDirectlyToConsumerMember iac:MatchGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopSubscriptionandServiceOtherMember iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ServiceAffiliateCommerceCommissionMember iac:DotdashMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember srt:NorthAmericaMember us-gaap:SalesChannelDirectlyToConsumerMember iac:MatchGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ApplicationsMember iac:MosaicGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingGoogleMember iac:EmergingOtherMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ServicePlatformMember iac:VimeoMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceConsumerConnectionMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ServicePlatformMember iac:VimeoMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ApplicationsMember iac:MosaicGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingOtherMember iac:EmergingOtherMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ServiceAffiliateCommerceCommissionMember iac:DotdashMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember iac:EmergingOtherMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:SalesChannelDirectlyToConsumerMember iac:MatchGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingandServiceOtherMember srt:EuropeMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceConsumerConnectionMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember iac:EmergingOtherMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MembershipSubscriptionMember srt:EuropeMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:NonUsMember us-gaap:SalesChannelDirectlyToConsumerMember iac:MatchGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopAdvertisingMember iac:ApplicationsMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceServiceOtherMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:NonUsMember us-gaap:SalesChannelDirectlyToConsumerMember iac:MatchGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:SalesChannelDirectlyToConsumerMember iac:MatchGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember iac:DotdashMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ConsumerConnectionMember srt:EuropeMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ProductHardwareMember iac:VimeoMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:SalesChannelThroughIntermediaryMember iac:MatchGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingandServiceOtherMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceMembershipSubscriptionMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceServiceOtherMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingandServiceOtherMember srt:EuropeMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ServiceSubscriptionandOtherMember iac:ApplicationsMember iac:MosaicGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopAdvertisingServiceOtherMember iac:ApplicationsMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopAdvertisingGoogleMember iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember iac:DotdashMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MarketplaceMember srt:NorthAmericaMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopAdvertisingServiceOtherMember iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ConsumerConnectionMember srt:EuropeMember iac:ANGIHomeservicesMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ServiceSubscriptionandOtherMember iac:ApplicationsMember iac:MosaicGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopAdvertisingMember iac:ApplicationsMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:ProductHardwareMember iac:VimeoMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember srt:EuropeMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingGoogleMember iac:EmergingOtherMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:DesktopAdvertisingGoogleMember iac:ApplicationsMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember iac:ApplicationsMember iac:MosaicGroupMember 2019-01-01 2019-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:AdvertisingOtherMember iac:EmergingOtherMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember iac:ApplicationsMember iac:MosaicGroupMember 2020-01-01 2020-03-31 0000891103 us-gaap:OperatingSegmentsMember iac:MembershipSubscriptionMember srt:EuropeMember iac:ANGIHomeservicesMember 2019-01-01 2019-03-31 0000891103 us-gaap:IntersegmentEliminationMember 2020-01-01 2020-03-31 0000891103 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-03-31 0000891103 us-gaap:NonUsMember 2020-03-31 0000891103 country:US 2020-03-31 0000891103 country:US 2019-12-31 0000891103 us-gaap:NonUsMember 2019-12-31 0000891103 us-gaap:NonUsMember 2020-01-01 2020-03-31 0000891103 country:US 2019-01-01 2019-03-31 0000891103 us-gaap:NonUsMember 2019-01-01 2019-03-31 0000891103 country:US 2020-01-01 2020-03-31 0000891103 iac:TinderOptionholderLitigationMember 2019-06-13 2019-06-13 0000891103 iac:TinderOptionholderLitigationMember 2018-08-31 2018-08-31 0000891103 iac:TinderOptionholderLitigationMember us-gaap:PendingLitigationMember 2018-08-14 2018-08-14 0000891103 iac:TinderOptionholderLitigationMember 2018-08-14 2018-08-14 0000891103 iac:CommonClassMMember us-gaap:SubsequentEventMember 2020-05-06 iso4217:USD xbrli:shares xbrli:pure iso4217:USD xbrli:shares iac:plaintiff iac:lawsuit
As filed with the Securities and Exchange Commission on May 8, 2020


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 2020
Or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from__________to__________                            
Commission File No. 0-20570
 
iaclogo2019331a09.jpg
IAC/INTERACTIVECORP
(Exact name of registrant as specified in its charter)
Delaware
 
59-2712887
 (State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)
555 West 18th Street, New York, New York 10011
(Address of registrant's principal executive offices)
(212314-7300
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol
 
Name of exchange on which registered
Common Stock, par value $0.001
 
IAC
 
The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes     No 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes     No 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes     No 
As of May 1, 2020, the following shares of the registrant's common stock were outstanding:
Common Stock
79,175,691

Class B Common Stock
5,789,499

Total outstanding Common Stock
84,965,190




TABLE OF CONTENTS
 
 
Page
Number
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


2


PART I
FINANCIAL INFORMATION
Item 1.    Consolidated Financial Statements
IAC/INTERACTIVECORP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Unaudited)
 
March 31, 2020
 
December 31, 2019
 
(In thousands, except par value amounts)
ASSETS
 
 
 
Cash and cash equivalents
$
2,822,729

 
$
3,139,295

Short-term investments
20,000

 

Marketable securities
49,912

 
19,993

Accounts receivable, net of allowance and reserves of $28,669 and $24,726, respectively
375,854

 
298,334

Other current assets
267,814

 
249,367

Total current assets
3,536,309

 
3,706,989

 
 
 
 
Property, capitalized software and equipment, net of accumulated depreciation and amortization
373,561

 
371,353

Goodwill
3,042,139

 
2,854,462

Intangible assets, net of accumulated amortization
671,467

 
578,474

Long-term investments
301,592

 
353,052

Deferred income taxes
190,849

 
167,054

Other non-current assets
318,832

 
301,441

TOTAL ASSETS
$
8,434,749

 
$
8,332,825

 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
LIABILITIES:
 
 
 
Current portion of long-term debt
$
13,750

 
$
13,750

Accounts payable, trade
102,367

 
94,356

Deferred revenue
433,728

 
397,490

Accrued expenses and other current liabilities
514,571

 
502,003

Total current liabilities
1,064,416

 
1,007,599

 
 
 
 
Long-term debt, net
3,625,008

 
3,121,572

Income taxes payable
18,398

 
36,489

Deferred income taxes
19,398

 
21,388

Other long-term liabilities
210,274

 
202,932

 
 
 
 
Redeemable noncontrolling interests
42,431

 
44,527

 
 
 
 
Commitments and contingencies

 

 
 
 
 
SHAREHOLDERS' EQUITY:
 
 
 
Common stock $.001 par value; authorized 1,600,000 shares; issued 263,502 and 263,230 shares, respectively, and outstanding 79,162 and 78,890 shares, respectively
264

 
263

Class B convertible common stock $.001 par value; authorized 400,000 shares; issued 16,157 shares and outstanding 5,789 shares
16

 
16

Additional paid-in capital
11,412,142

 
11,683,799

Retained earnings
1,478,885

 
1,689,925

Accumulated other comprehensive loss
(157,285
)
 
(136,349
)
Treasury stock 194,708 shares
(10,309,612
)
 
(10,309,612
)
Total IAC shareholders' equity
2,424,410

 
2,928,042

Noncontrolling interests
1,030,414

 
970,276

Total shareholders' equity
3,454,824

 
3,898,318

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$
8,434,749

 
$
8,332,825


The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

3



IAC/INTERACTIVECORP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(Unaudited)
 
Three Months Ended March 31,
 
2020
 
2019
 
(In thousands, except per share data)
Revenue
$
1,228,765

 
$
1,105,843

Operating costs and expenses:
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
323,221

 
260,071

Selling and marketing expense
432,697

 
421,860

General and administrative expense
256,021

 
213,616

Product development expense
105,733

 
88,700

Depreciation
24,738

 
18,971

Amortization of intangibles
52,162

 
22,752

Goodwill impairment
211,973

 

Total operating costs and expenses
1,406,545

 
1,025,970

Operating (loss) income
(177,780
)
 
79,873

Interest expense
(44,866
)
 
(31,143
)
Other (expense) income, net
(49,893
)
 
651

(Loss) earnings before income taxes
(272,539
)
 
49,381

Income tax benefit
89,896

 
63,604

Net (loss) earnings
(182,643
)
 
112,985

Net earnings attributable to noncontrolling interests
(28,397
)
 
(24,290
)
Net (loss) earnings attributable to IAC shareholders
$
(211,040
)
 
$
88,695

 
 
 
 
Per share information attributable to IAC shareholders:
 
 
Basic (loss) earnings per share
$
(2.49
)
 
$
1.06

Diluted (loss) earnings per share
$
(2.49
)
 
$
0.91

 
 
 
 
Stock-based compensation expense by function:
 
 
 
Cost of revenue
$
1,185

 
$
1,289

Selling and marketing expense
2,424

 
2,717

General and administrative expense
44,637

 
45,010

Product development expense
10,218

 
18,428

Total stock-based compensation expense
$
58,464

 
$
67,444

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

4



IAC/INTERACTIVECORP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
(Unaudited)
 
Three Months Ended March 31,
 
2020
 
2019
 
(In thousands)
Net (loss) earnings
$
(182,643
)
 
$
112,985

Other comprehensive (loss) income, net of income taxes:
 
 
 
Change in foreign currency translation adjustment
(26,093
)
 
1,309

Change in unrealized gains and losses on available-for-sale debt securities
(12
)
 
1

Total other comprehensive (loss) income, net of income taxes
(26,105
)
 
1,310

Comprehensive (loss) income, net of income taxes
(208,748
)
 
114,295

Components of comprehensive (income) loss attributable to noncontrolling interests:
 
 
 
Net income attributable to noncontrolling interests
(28,397
)
 
(24,290
)
Change in foreign currency translation adjustment attributable to noncontrolling interests
4,766

 
(316
)
Change in unrealized gains and losses of available-for-sale debt securities attributable to noncontrolling interests

 
1

Comprehensive income attributable to noncontrolling interests
(23,631
)
 
(24,605
)
Comprehensive (loss) income attributable to IAC shareholders
$
(232,379
)
 
$
89,690




The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

5



IAC/INTERACTIVECORP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
Three Months Ended March 31, 2020 and 2019
(Unaudited)
 
 
 
 
IAC Shareholders' Equity
 
 
 
 
 
 
 
 
 
 
 
 
Class B
Convertible
Common
Stock $.001
Par Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common
Stock $.001
Par Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
Other
Comprehensive
(Loss) Income
 
 
 
Total IAC
Shareholders'
Equity
 
 
 
 
 
Redeemable
Noncontrolling
Interests
 
 
Additional
Paid-in
Capital
 
Retained Earnings
 
Treasury
Stock
 
 
Noncontrolling
Interests
 
Total
Shareholders'
Equity
 
$
 
Shares
 
$
 
Shares
 
 
 
 
 
 
(In thousands)
 
 
Balance as of December 31, 2019
$
44,527

 
 
$
263

 
263,230

 
$
16

 
16,157

 
$
11,683,799

 
$
1,689,925

 
$
(136,349
)
 
$
(10,309,612
)
 
$
2,928,042

 
$
970,276

 
$
3,898,318

Net (loss) earnings
(1,462
)
 
 

 

 

 

 

 
(211,040
)
 

 

 
(211,040
)
 
29,859

 
(181,181
)
Other comprehensive income (loss), net of income taxes
99

 
 

 

 

 

 

 

 
(21,339
)
 

 
(21,339
)
 
(4,865
)
 
(26,204
)
Stock-based compensation expense
15

 
 

 

 

 

 
11,499

 

 

 

 
11,499

 
44,586

 
56,085

Issuance of common stock pursuant to stock-based awards, net of withholding taxes

 
 
1

 
272

 

 

 
(20,516
)
 

 

 

 
(20,515
)
 

 
(20,515
)
Purchase of redeemable noncontrolling interests
(3,165
)
 
 

 

 

 

 

 

 

 

 

 

 

Adjustment of redeemable noncontrolling interests to fair value
2,418

 
 

 

 

 

 
(2,418
)
 

 

 

 
(2,418
)
 

 
(2,418
)
Issuance of Match Group and ANGI Homeservices common stock pursuant to stock-based awards, net of withholding taxes

 
 

 

 

 

 
(139,565
)
 

 
403

 

 
(139,162
)
 
(9,442
)
 
(148,604
)
Purchase of Match Group and ANGI Homeservices treasury stock

 
 

 

 

 

 
(120,658
)
 

 

 

 
(120,658
)
 

 
(120,658
)
Other
(1
)
 
 

 

 

 

 
1

 

 

 

 
1

 

 
1

Balance as of March 31, 2020
$
42,431

 
 
$
264

 
263,502

 
$
16

 
16,157

 
$
11,412,142

 
$
1,478,885

 
$
(157,285
)
 
$
(10,309,612
)
 
$
2,424,410

 
$
1,030,414

 
$
3,454,824

 
 
 
 
 
 
 
Balance as of December 31, 2018
$
65,687

 
 
$
262

 
262,303

 
$
16

 
16,157

 
$
12,022,387

 
$
1,258,794

 
$
(128,722
)
 
$
(10,309,612
)
 
$
2,843,125

 
$
708,676

 
$
3,551,801

Net (loss) earnings
(1,051
)
 
 

 

 

 

 

 
88,695

 

 

 
88,695

 
25,341

 
114,036

Other comprehensive income, net of income taxes
186

 
 

 

 

 

 

 

 
995

 

 
995

 
129

 
1,124

Stock-based compensation expense
42

 
 

 

 

 

 
20,165

 

 

 

 
20,165

 
47,237

 
67,402

Issuance of common stock pursuant to stock-based awards, net of withholding taxes

 
 
1

 
326

 

 

 
(4,911
)
 

 

 

 
(4,910
)
 

 
(4,910
)
Purchase of redeemable noncontrolling interests
(3,182
)
 
 

 

 

 

 

 

 

 

 

 

 

Adjustment of redeemable noncontrolling interests to fair value
10,242

 
 

 

 

 

 
(10,242
)
 

 

 

 
(10,242
)
 

 
(10,242
)
Issuance of Match Group and ANGI Homeservices common stock pursuant to stock-based awards, net of withholding taxes

 
 

 

 

 

 
(158,958
)
 

 
1,008

 

 
(157,950
)
 
10,092

 
(147,858
)
Other
(10
)
 
 

 

 

 

 
(17
)
 

 

 

 
(17
)
 

 
(17
)
Balance as of March 31, 2019
$
71,914

 
 
$
263

 
262,629

 
$
16

 
16,157

 
$
11,868,424

 
$
1,347,489

 
$
(126,719
)
 
$
(10,309,612
)
 
$
2,779,861

 
$
791,475

 
$
3,571,336


The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.




6



IAC/INTERACTIVECORP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)
 
Three Months Ended March 31,
 
2020
 
2019
 
(In thousands)
Cash flows from operating activities:
 
 
 
Net (loss) earnings
$
(182,643
)
 
$
112,985

Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
 
Stock-based compensation expense
58,464

 
67,444

Amortization of intangibles
52,162

 
22,752

Depreciation
24,738

 
18,971

Bad debt expense
19,931

 
15,005

Goodwill impairment
211,973

 

Deferred income taxes
(59,166
)
 
(65,107
)
Losses on equity securities, net
51,473

 
44

Other adjustments, net
20,690

 
18,697

Changes in assets and liabilities, net of effects of acquisitions and dispositions:


 
 
Accounts receivable
(79,799
)
 
(88,367
)
Other assets
10,172

 
6,730

Accounts payable and other liabilities
(24,720
)
 
(26,829
)
Income taxes payable and receivable
(47,787
)
 
(6,154
)
Deferred revenue
25,487

 
26,770

Net cash provided by operating activities
80,975

 
102,941

Cash flows from investing activities:
 
 
 
Acquisitions, net of cash acquired
(532,857
)
 
(21,555
)
Capital expenditures
(24,591
)
 
(25,855
)
Proceeds from maturities of marketable debt securities
20,000

 
123,500

Purchases of marketable debt securities
(49,806
)
 
(39,740
)
Net proceeds from the sale of businesses and investments
1,476

 
20,472

Purchases of investments
(25
)
 

Other, net
(203
)
 
(1,215
)
Net cash (used in) provided by investing activities
(586,006
)
 
55,607

Cash flows from financing activities:
 
 
 
Proceeds from issuance of Match Group debt
500,000

 
350,000

Borrowings under Match Group Credit Facility

 
40,000

Principal payments on Match Group Credit Facility

 
(300,000
)
Principal payments on ANGI Homeservices Term Loan
(3,438
)
 
(3,438
)
Debt issuance costs
(8,977
)
 
(5,542
)
Purchase of Match Group and ANGI Homeservices treasury stock
(120,198
)
 
(24,186
)
Proceeds from the exercise of IAC stock options
412

 
9,298

Proceeds from the exercise of Match Group and ANGI Homeservices stock options

 
573

Withholding taxes paid on behalf of IAC employees on net settled stock-based awards
(20,927
)
 
(14,062
)
Withholding taxes paid on behalf of Match Group and ANGI Homeservices employees on net settled stock-based awards
(148,580
)
 
(123,148
)
Purchase of noncontrolling interests
(3,165
)
 
(3,182
)
Other, net
(464
)
 
27

Net cash provided by (used in) financing activities
194,663

 
(73,660
)
Total cash (used) provided
(310,368
)
 
84,888

Effect of exchange rate changes on cash and cash equivalents and restricted cash
(5,996
)
 
815

Net (decrease) increase in cash and cash equivalents and restricted cash
(316,364
)
 
85,703

Cash and cash equivalents and restricted cash at beginning of period
3,140,358

 
2,133,685

Cash and cash equivalents and restricted cash at end of period
$
2,823,994

 
$
2,219,388


The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

7

IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)