IAC/InterActiveCorp (IAC) financial statements (2021 and earlier)

Company profile

Business Address 555 WEST 18TH STREET
NEW YORK, NY 10011
State of Incorp. DE
Fiscal Year End December 31
SIC 599 - Retail Stores, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1392,1321,6361,4191,5211,1511,106
Cash and cash equivalents3,1392,1321,6311,3291,4819901,100
Short-term investments 0589391616
Receivables298279304220250241207
Prepaid expense     3924
Income taxes receivable12
Other current assets249228185204174167162
Other undisclosed current assets20123   (44)(36)
Total current assets:3,7072,7632,1251,8431,9451,5541,475
Noncurrent Assets
Operating lease, right-of-use asset168
Nontrade receivables     1
Property, plant and equipment371319315306303302294
Long-term investments and receivables35323565123137115180
Long-term investments35323565123137115180
Intangible assets, net (including goodwill)3,4333,3583,2232,2802,6862,2472,121
Goodwill2,8542,7272,5591,9242,2451,7551,675
Intangible assets, net (excluding goodwill)578631664355441492445
Restricted cash and investments      72
Deferred income tax assets167
Other noncurrent assets134135739513957165
Deferred tax assets, net6566    
Other undisclosed noncurrent assets     (1)(72)
Total noncurrent assets:4,6264,1123,7432,8033,2652,7212,759
TOTAL ASSETS:8,3336,8755,8684,6465,2104,2754,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities596510443408470622452
Accounts payable947577638781 
Accrued liabilities502435367345383398351
Employee-related liabilities     10285
Taxes payable     4116
Deferred revenue397
Debt1414142040  
Deferred revenue and credits342286258195158
Contract with customer, liability360
Other undisclosed current liabilities     (143)(24)
Total current liabilities:1,008884800713769674587
Noncurrent Liabilities
Long-term debt and lease obligation3,1222,2461,9791,5821,748 1,080
Long-term debt, excluding current maturities3,1222,2461,9791,5821,748 1,080
Liabilities, other than long-term debt26110499307447487796
Accounts payable and accrued liabilities363826343433 
Accrued income taxes416
Deferred tax liabilities, net 35229349410321
Deferred income tax liabilities21
Other liabilities203673844654558
Other undisclosed noncurrent liabilities 24   1,080 
Total noncurrent liabilities:3,3822,3742,0781,8892,1951,5671,876
Total liabilities:4,3903,2572,8782,6022,9642,2412,462
Temporary equity, carrying amount45664333304043
Stockholders' equity
Stockholders' equity attributable to parent, including:2,9282,8432,4301,8691,8051,9921,687
Treasury stock, value(10,310)(10,310)(10,227)(10,177)(9,861)(9,661)(9,830)
Additional paid in capital11,68412,02212,16511,92211,48611,41611,563
Accumulated other comprehensive loss(136)(129)(104)(166)(152)(88)(13)
Retained earnings (accumulated deficit)1,6901,259595290331325(33)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest970709517141411143
Total stockholders' equity:3,8983,5522,9472,0112,2161,9931,729
TOTAL LIABILITIES AND EQUITY:8,3336,8755,8684,6465,2104,2754,235

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,7574,2633,3073,1403,2313,1103,023
Revenue, net3,3073,1403,2313,1103,023
Cost of revenue(1,127)(911)(651)(756)(875)(940)(1,059)
Cost of goods and services sold    (778)(883) 
Gross profit:3,6303,3522,6562,3842,3562,1691,964
Operating expenses(2,960)(2,711)(2,394)(2,345)(2,177)(1,791)(1,538)
Other undisclosed operating loss(88)(75)(74)(72)   
Operating income (loss):581565188(33)180379426
Nonoperating income (expense)67306(16)6036(43)30
Investment income, nonoperating  (12)(7)(2)(125)3
Foreign currency transaction gain (loss), before tax    5(2)(3)
Interest and debt expense(154)(109)(105)(109)(74)(56)(34)
Income (loss) from continuing operations before equity method investments, income taxes:49576267(81)142280423
Income (loss) from equity method investments    1(10)(7)
Income (loss) from continuing operations before income taxes:49576267(81)143270416
Income tax expense (benefit)49(4)29165(30)(35)(135)
Income (loss) from continuing operations:544758358(16)113235282
Income from discontinued operations   001752
Net income (loss):544758358(16)113409284
Net income (loss) attributable to noncontrolling interest(113)(131)(53)(25)662
Net income (loss) available to common stockholders, basic:431627305(41)119415286
Dilutive securities, effect on basic earnings per share(26)(25)(34) (2)  
Net income (loss) available to common stockholders, diluted:405602271(41)118415286

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):544758358(16)113409284
Other comprehensive income (loss)(10)(31)76(42)(66)(75)23
Comprehensive income (loss):534726434(58)48334307
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(111)(125)(67)(19)762
Other undisclosed comprehensive loss, net of tax, attributable to parent      (3)
Comprehensive income (loss), net of tax, attributable to parent:423602367(76)55340305

Statements sources

The financial statements are based on the company's filings with the 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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