LendingTree, Inc. (TREE) financial statements (2021 and earlier)

Company profile

Business Address 11115 RUSHMORE DRIVE
CHARLOTTE, NC 28277
State of Incorp. DE
Fiscal Year End December 31
SIC 6163 - Loan Brokers (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 investments60105369912078692
Cash and cash equivalents60105369912078692
Restricted cash and investments004471926
Receivables113915341301413
Disposal group, including discontinued operation000 001
Assets held-for-sale, not part of disposal group 21   
Prepaid expense and other current assets2
Other undisclosed current assets161612421 
Total current assets:189234438141246120133
Noncurrent Assets
Operating lease, right-of-use asset26
Property, plant and equipment31233635955
Intangible assets, net (including goodwill)602554194128151514
Goodwill42034811356444
Intangible assets, net (excluding goodwill)1822068172111111
Disposal group, including discontinued operation, noncurrent assets832440
Other noncurrent assets3022110 
Prepaid expense and other noncurrent assets0
Assets of disposal group, including discontinued operation0
Deferred tax assets, net79     
Other undisclosed noncurrent assets62 201521  
Total noncurrent assets:759662255183502020
TOTAL ASSETS:948896693323296140153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1161088655412927
Accounts payable3159661 
Accrued liabilities113937749352623
Employee-related liabilities     33
Debt75125     
Restructuring reserve     0
Disposal group, including discontinued operation31181512131232
Business combination, contingent consideration, liability91147   
Deferred revenue and credits   00
Customer advances and deposits   5
Other liabilities     44
Other undisclosed current liabilities     (11)(3)
Total current liabilities:23126214867543960
Noncurrent Liabilities
Long-term debt and lease obligation264251238    
Long-term debt, excluding current maturities264251238    
Liabilities, other than long-term debt51371325156
Deferred tax liabilities, net1   55
Restructuring reserve      0
Disposal group, including discontinued operation, liabilities    000
Other liabilities268221 0
Business combination, contingent consideration, liability24281124  
Other undisclosed noncurrent liabilities      (0)
Total noncurrent liabilities:31528825125155
Total liabilities:54655039992554466
Stockholders' equity
Stockholders' equity attributable to parent, including:4023462952312419687
Treasury stock, value(183)(178)(85)(64)(16)(15)(13)
Additional paid in capital1,1781,1341,0881,0181,007910907
Accumulated deficit(593)(610)(708)(723)(750)(798)(808)
Other undisclosed stockholders' equity attributable to parent0010000
Total stockholders' equity:4023462952312419687
TOTAL LIABILITIES AND EQUITY:948896693323296140153

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
Revenues1,107765618384254167139
Cost of revenue(68)(36)(17)(14)(9)(8)(7)
Other cost of operating revenue(46)      
Other undisclosed gross profit(606)      
Gross profit:432728601371245159133
Operating expenses(948)(654)(536)(314)(213)(158)(122)
Other undisclosed operating income (loss)567(18)(31)(5)(3)(2)(12)
Operating income (loss):5156335229(1)(1)
Interest and debt expense(20)(12)(7)(1)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1(0)(0)0   
Income (loss) from continuing operations before income taxes:3144265228(1)(1)
Income tax expense (benefit)866(6)(20)2300
Income (loss) from continuing operations:39109193151(0)(1)
Income (loss) from discontinued operations(22)(13)(4)(4)(3)10 
Net income (loss) attributable to parent:18961627489(1)
Other undisclosed net income available to common stockholders, basic      5
Net income available to common stockholders, diluted:189616274894

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):18961627489(1)
Comprehensive income (loss):18961627489(1)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (1)    
Other undisclosed comprehensive income, net of tax, attributable to parent  1    
Comprehensive income (loss), net of tax, attributable to parent:18961627489(1)

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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