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

Company profile

Business Address 8750 NORTH CENTRAL EXPRESSWAY
DALLAS, TX 75231
State of Incorp. DE
Fiscal Year End December 31
SIC 72 - Personal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments739 2,1321,6361,4191,521
Cash and cash equivalents739 2,1321,6311,3291,481
Short-term investments  058939
Receivables137 279304220250
Other current assets144 228185204174
Other undisclosed current assets  123   
Total current assets:1,020 2,7632,1251,8431,945
Noncurrent Assets
Property, plant and equipment108 319315306303
Long-term investments and receivables  23565123137
Long-term investments  23565123137
Intangible assets, net (including goodwill)1,501 3,3583,2232,2802,686
Goodwill1,271 2,7272,5591,9242,245
Intangible assets, net (excluding goodwill)231 631664355441
Deferred income tax assets224 
Other noncurrent assets124 1357395139
Deferred tax assets, net6566  
Total noncurrent assets:1,957 4,1123,7432,8033,265
TOTAL ASSETS:2,977 6,8755,8684,6465,210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities261 510443408470
Accounts payable29 75776387
Accrued liabilities232 435367345383
Deferred revenue239 
Debt  14142040
Deferred revenue and credits342286258
Contract with customer, liability360
Total current liabilities:500 884800713769
Noncurrent Liabilities
Long-term debt and lease obligation3,535 2,2461,9791,5821,748
Long-term debt, excluding current maturities3,535 2,2461,9791,5821,748
Liabilities, other than long-term debt118 10499307447
Accounts payable and accrued liabilities15 38263434
Deferred tax liabilities, net 35229349
Deferred income tax liabilities17 
Other liabilities86 67384465
Other undisclosed noncurrent liabilities  24   
Total noncurrent liabilities:3,653 2,3742,0781,8892,195
Total liabilities:4,153 3,2572,8782,6022,964
Temporary equity, carrying amount1 66433330
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,178) 2,8432,4301,8691,805
Treasury stock, value  (10,310)(10,227)(10,177)(9,861)
Additional paid in capital7,395 12,02212,16511,92211,486
Accumulated other comprehensive loss(81) (129)(104)(166)(152)
Retained earnings (accumulated deficit)(8,491) 1,259595290331
Other undisclosed stockholders' equity attributable to parent0 0000
Stockholders' equity attributable to noncontrolling interest1 709517141411
Total stockholders' equity:(1,177) 3,5522,9472,0112,216
TOTAL LIABILITIES AND EQUITY:2,977 6,8755,8684,6465,210

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,391 4,2633,3073,1403,231
Revenue, net3,3073,1403,231
Cost of revenue(642) (911)(651)(756)(875)
Cost of goods and services sold(636)    (778)
Gross profit:1,749 3,3522,6562,3842,356
Operating expenses(1,003) (2,711)(2,394)(2,345)(2,177)
Other undisclosed operating loss  (75)(74)(72) 
Operating income (loss):746 565188(33)180
Nonoperating income (expense)16 306(16)6036
Investment income, nonoperating3  (12)(7)(2)
Foreign currency transaction gain, before tax1    5
Interest and debt expense(175) (109)(105)(109)(74)
Income (loss) from continuing operations before equity method investments, income taxes:587 76267(81)142
Income from equity method investments     1
Income (loss) from continuing operations before income taxes:587 76267(81)143
Income tax expense (benefit)(33) (4)29165(30)
Income (loss) from continuing operations:554 758358(16)113
Income (loss) from discontinued operations(366)   00
Net income (loss):188 758358(16)113
Net income (loss) attributable to noncontrolling interest(59) (131)(53)(25)6
Net income (loss) available to common stockholders, basic:129 627305(41)119
Dilutive securities, effect on basic earnings per share(10) (25)(34) (2)
Other undisclosed net loss available to common stockholders, diluted(0)     
Net income (loss) available to common stockholders, diluted:118 602271(41)118

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):188 758358(16)113
Other comprehensive income (loss)39 (31)76(42)(66)
Comprehensive income (loss):227 726434(58)48
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(58) (125)(67)(19)7
Comprehensive income (loss), net of tax, attributable to parent:169 602367(76)55

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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