IAC Inc. (IACVV) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
555 WEST 18TH STREET NEW YORK, NY 10011 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 1,798 | 1,446 | 1,657 | 2,139 | 3,476 | |||
| Cash and cash equivalent | 1,798 | 1,297 | 1,417 | 2,119 | 3,476 | |||
| Short-term investments | 149 | 239 | 20 | |||||
| Receivables | 520 | 537 | 608 | 693 | 270 | |||
| Inventory, net of allowances, customer advances and progress billings | 31 | |||||||
| Inventory | 31 | |||||||
| Other current assets | 167 | 257 | 297 | 242 | 148 | |||
| Other undisclosed current assets | (31) | 225 | ||||||
| Total current assets: | 2,485 | 2,241 | 2,561 | 3,074 | 4,119 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 255 | 300 | 428 | 498 | 172 | |||
| Property, plant and equipment | 393 | 455 | 511 | 571 | 278 | |||
| Long-term investments and receivables | 2,243 | 2,898 | 326 | 328 | 298 | |||
| Long-term investments | 2,243 | 2,898 | 326 | 328 | 298 | |||
| Intangible assets, net (including goodwill) | 3,599 | 3,899 | 4,200 | 4,642 | 2,285 | |||
| Goodwill | 2,877 | 3,024 | 3,030 | 3,227 | 1,879 | |||
| Intangible assets, net (excluding goodwill) | 722 | 875 | 1,170 | 1,415 | 406 | |||
| Contract with customer, asset, after allowance for credit loss | 9 | |||||||
| Capitalized contract cost, net | 4 | 6 | 6 | 6 | ||||
| Restricted cash and investments | 0 | 0 | 8 | 1 | 0 | |||
| Other noncurrent assets | 389 | 473 | 626 | 1,037 | 295 | |||
| Other undisclosed noncurrent assets | 180 | 99 | 1,729 | 2,144 | 1,679 | |||
| Total noncurrent assets: | 7,062 | 8,131 | 7,833 | 9,226 | 5,016 | |||
| TOTAL ASSETS: | 9,547 | 10,371 | 10,394 | 12,300 | 9,135 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 753 | 777 | 893 | 1,184 | 476 | |||
| Accounts payable | 72 | 106 | 133 | 203 | 92 | |||
| Accrued liabilities | 681 | 672 | 760 | 981 | 384 | |||
| Deferred revenue | 99 | 143 | 157 | 165 | 275 | |||
| Debt | 35 | 30 | 30 | 30 | ||||
| Total current liabilities: | 886 | 950 | 1,080 | 1,379 | 751 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,932 | 1,993 | 2,020 | 2,046 | 712 | |||
| Long-term debt, excluding current maturities | 1,932 | 1,993 | 2,020 | 2,046 | 712 | |||
| Liabilities, other than long-term debt | 425 | 639 | 694 | 1,107 | 289 | |||
| Accounts payable and accrued liabilities | 6 | |||||||
| Deferred income tax liabilities | 14 | 165 | 76 | 386 | 53 | |||
| Other liabilities | 411 | 475 | 618 | 721 | 230 | |||
| Total noncurrent liabilities: | 2,357 | 2,632 | 2,714 | 3,153 | 1,002 | |||
| Total liabilities: | 3,243 | 3,583 | 3,794 | 4,533 | 1,753 | |||
| Temporary equity, including noncontrolling interest | 25 | 33 | 27 | 19 | 232 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 5,578 | 6,078 | 5,932 | 7,175 | 6,598 | |||
| Treasury stock, value | (252) | (252) | (85) | |||||
| Additional paid in capital | 6,381 | 6,340 | 6,295 | 6,266 | 5,910 | |||
| Accumulated other comprehensive income (loss) | (11) | (11) | (13) | 4 | (6) | |||
| Retained earnings (accumulated deficit) | (539) | 1 | (265) | 905 | 694 | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | 0 | |||
| Equity, attributable to noncontrolling interest | 701 | 677 | 641 | 574 | 553 | |||
| Total equity: | 6,279 | 6,755 | 6,573 | 7,749 | 7,151 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,547 | 10,371 | 10,394 | 12,300 | 9,135 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 3,807 | 4,365 | 5,235 | 3,700 | 3,048 | ||
| Cost of revenue | (1,060) | (1,343) | (2,035) | (1,307) | (815) | ||
| Cost of product and service sold | (1,060) | (1,343) | (1,923) | (1,307) | |||
| Gross profit: | 2,747 | 3,022 | 3,200 | 2,393 | 2,233 | ||
| Operating expenses | (2,751) | (3,283) | (3,675) | (2,530) | (2,736) | ||
| Other undisclosed operating loss | (69) | ||||||
| Operating income (loss): | (4) | (261) | (475) | (137) | (572) | ||
| Nonoperating income (expense) | 117 | 64 | (218) | 112 | (42) | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 6 | 0 | (206) | (18) | |||
| Interest and debt expense | (156) | (158) | (110) | (34) | (16) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 841 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (43) | (355) | (803) | (59) | 210 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (649) | 722 | (724) | 789 | |||
| Income (loss) from continuing operations before income taxes: | (692) | 367 | (1,526) | 730 | 210 | ||
| Income tax expense (benefit) | 159 | (109) | 331 | (139) | 59 | ||
| Income (loss) from continuing operations: | (533) | 258 | (1,195) | 591 | 269 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 589 | 269 | |
| Income (loss) from discontinued operations | 3 | (2) | |||||
| Net income (loss): | (533) | 258 | (1,192) | 589 | 269 | ||
| Net income (loss) attributable to noncontrolling interest | (7) | 8 | 22 | 9 | 1 | ||
| Net income (loss) attributable to parent: | (540) | 266 | (1,170) | 598 | 270 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (9) | (20) | |||||
| Net income (loss) available to common stockholders, basic: | (540) | 257 | (1,170) | 577 | 270 | ||
| Dilutive securities, effect on basic earnings per share | 0 | 0 | |||||
| Other undisclosed net income available to common stockholders, diluted | 0 | 1 | |||||
| Net income (loss) available to common stockholders, diluted: | (540) | 257 | (1,170) | 579 | 270 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (533) | 258 | (1,192) | 589 | 269 | ||
| Other comprehensive income (loss) | (1) | 3 | (19) | 10 | 8 | ||
| Comprehensive income (loss): | (534) | 261 | (1,211) | 599 | 276 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (6) | 7 | 24 | 9 | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (540) | 268 | (1,188) | 608 | 276 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.