IAC Inc. (IAC) Financial Statements (2024 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)
Annual | Quarterly

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4461,6572,1393,476
Cash and cash equivalents1,2971,4172,1193,476
Short-term investments14923920 
Receivables537608693270
Inventory, net of allowances, customer advances and progress billings   31 
Inventory   31 
Other current assets257297242148
Other undisclosed current assets   (31)225
Total current assets:2,2412,5613,0744,119
Noncurrent Assets
Operating lease, right-of-use asset 300428498172
Property, plant and equipment455511571278
Long-term investments and receivables2,898326328298
Long-term investments2,898326328298
Intangible assets, net (including goodwill)3,8994,2004,6422,285
Goodwill3,0243,0303,2271,879
Intangible assets, net (excluding goodwill)8751,1701,415406
Contract with customer, asset, after allowance for credit loss    9
Capitalized contract cost, net 666 
Restricted cash and investments0810
Other noncurrent assets4736261,037295
Other undisclosed noncurrent assets991,7292,1441,679
Total noncurrent assets:8,1317,8339,2265,016
TOTAL ASSETS:10,37110,39412,3009,135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7778931,184476
Accounts payable10613320392
Accrued liabilities672760981384
Deferred revenue143157165275
Debt303030 
Total current liabilities:9501,0801,379751
Noncurrent Liabilities
Long-term debt and lease obligation1,9932,0202,046712
Long-term debt, excluding current maturities1,9932,0202,046712
Liabilities, other than long-term debt6396941,107289
Accounts payable and accrued liabilities    6
Deferred income tax liabilities1657638653
Other liabilities475618721230
Total noncurrent liabilities:2,6322,7143,1531,002
Total liabilities:3,5833,7944,5331,753
Temporary equity, carrying amount332719232
Equity
Equity, attributable to parent, including:6,0785,9327,1756,598
Treasury stock, value(252)(85)  
Additional paid in capital6,3406,2956,2665,910
Accumulated other comprehensive income (loss)(11)(13)4(6)
Retained earnings (accumulated deficit)1(265)905694
Other undisclosed equity, attributable to parent0000
Equity, attributable to noncontrolling interest677641574553
Total equity:6,7556,5737,7497,151
TOTAL LIABILITIES AND EQUITY:10,37110,39412,3009,135

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues4,3655,2353,7003,048
Cost of revenue(1,343)(2,035)(1,307)(815)
Cost of goods and services sold(1,343)(1,923)(1,307) 
Gross profit:3,0223,2002,3932,233
Operating expenses(3,283)(3,675)(2,530)(2,736)
Other undisclosed operating loss    (69)
Operating loss:(261)(475)(137)(572)
Nonoperating income (expense)64(218)112(42)
Net periodic defined benefits expense (reversal of expense), excluding service cost component0(206)(18) 
Interest and debt expense(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:(355)(803)(59)210
Other undisclosed income (loss) from continuing operations before income taxes722(724)789 
Income (loss) from continuing operations before income taxes:367(1,526)730210
Income tax expense (benefit)(109)331(139)59
Income (loss) from continuing operations:258(1,195)591269
Income before gain (loss) on sale of properties:✕✕✕589269
Income (loss) from discontinued operations  3(2) 
Net income (loss):258(1,192)589269
Net income attributable to noncontrolling interest82291
Net income (loss) attributable to parent:266(1,170)598270
Undistributed earnings (loss) allocated to participating securities, basic(9) (20) 
Other undisclosed net loss available to common stockholders, basic    
Net income (loss) available to common stockholders, basic:257(1,170)577270
Dilutive securities, effect on basic earnings per share   00
Other undisclosed net income available to common stockholders, diluted0 1 
Net income (loss) available to common stockholders, diluted:257(1,170)579270

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):258(1,192)589269
Other comprehensive income (loss)3(19)108
Comprehensive income (loss):261(1,211)599276
Comprehensive income (loss), net of tax, attributable to noncontrolling interest7249(1)
Comprehensive income (loss), net of tax, attributable to parent:268(1,188)608276

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.

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