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CONSOLIDATED AND COMBINED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net earnings $ 13,909 $ 25,862
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Stock-based compensation expense 46,959 16,300
Amortization of intangibles 32,084 4,117
Bad debt expense 20,581 13,741
Depreciation 12,070 6,214
Deferred income taxes (6,416) 6,519
Other adjustments, net 164 (356)
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (36,951) (23,720)
Other assets (14,217) (3,914)
Accounts payable and other liabilities (1,673) 16,472
Income taxes payable and receivable 667 (36,931)
Deferred revenue 6,389 6,682
Net cash provided by operating activities 73,566 30,986
Cash flows from investing activities:    
Acquisitions, net of cash acquired   (46,429)
Capital expenditures (21,448) (9,628)
Proceeds from sale of fixed assets 10,410  
Net cash used in investing activities (11,038) (56,057)
Cash flows from financing activities:    
Principal payments on term loan (6,875) 0
Proceeds from issuance of related party debt 0 51,855
Principal payments on related party debt (1,322) (2,838)
Proceeds from the exercise of stock options 2,125 0
Withholding taxes paid on behalf of employees on net settled stock-based awards (21,439) 0
Transfers to IAC/InterActiveCorp for periods prior to the Combination 0 (13,990)
Purchase of noncontrolling interests (871) (12,361)
Other, net 39  
Net cash (used in) provided by financing activities (28,343) 22,666
Total cash provided (used) 34,185 (2,405)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (111) 825
Net increase (decrease) in cash, cash equivalents, and restricted cash 34,074 (1,580)
Cash, cash equivalents, and restricted cash at beginning of period 221,521 46,925
Cash, cash equivalents, and restricted cash at end of period $ 255,595 $ 45,345