GUARANTOR AND NONGUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2013

Guarantor and Nonguarantor Financial Statements [Abstract]

Condensed Balance Sheet

Balance sheet at December 31, 2013:

	IAC		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Total Eliminations			IAC Consolidated
	(In thousands)
Cash and cash equivalents	$	782,022	$	—	$	318,422	$	—		$	1,100,444
Marketable securities	1,007		—		4,997		—			6,004
Accounts receivable, net	38		124,693		82,677		—			207,408
Other current assets	45,111		73,343		43,890		(814		)	161,530
Intercompany receivables	—		556,370		860,083		(1,416,453		)	—
Property and equipment, net	5,316		220,742		67,906		—			293,964
Goodwill	—		1,179,317		496,006		—			1,675,323
Intangible assets, net	—		300,845		144,491		—			445,336
Investment in subsidiaries	3,833,751		599,595		—		(4,433,346		)	—
Other non-current assets	83,207		15,485		252,612		(6,629		)	344,675
Total assets	$	4,750,452	$	3,070,390	$	2,271,084	$	(5,857,242	)	$	4,234,684
Accounts payable, trade	$	4,310	$	47,098	$	26,245	$	—		$	77,653
Other current liabilities	41,623		248,413		219,208		—			509,244
Long-term debt, net of current maturities	1,000,000		80,000		—		—			1,080,000
Income taxes payable	383,926		6,768		25,690		—			416,384
Intercompany liabilities	1,416,453		—		—		(1,416,453		)	—
Other long-term liabilities	217,404		96,114		73,066		(7,443		)	379,141
Redeemable noncontrolling interests	—		—		42,861		—			42,861
IAC shareholders' equity	1,686,736		2,591,997		1,841,349		(4,433,346		)	1,686,736
Noncontrolling interests	—		—		42,665		—			42,665
Total liabilities and shareholders' equity	$	4,750,452	$	3,070,390	$	2,271,084	$	(5,857,242	)	$	4,234,684

Balance sheet at December 31, 2012:

	IAC		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Total Eliminations			IAC Consolidated
	(In thousands)
Cash and cash equivalents	$	501,075	$	—	$	248,902	$	—		$	749,977
Marketable securities	20,604		—		—		—			20,604
Accounts receivable, net	43		142,627		87,160		—			229,830
Other current assets	58,452		53,720		45,204		(1,037		)	156,339
Intercompany receivables	—		482,926		10,276,178		(10,759,104		)	—
Property and equipment, net	4,116		194,515		71,881		—			270,512
Goodwill	—		1,190,199		425,955		—			1,616,154
Intangible assets, net	—		340,631		142,273		—			482,904
Investment in subsidiaries	12,913,694		611,851		—		(13,525,545		)	—
Other non-current assets	153,155		16,509		109,912		(68		)	279,508
Total assets	$	13,651,139	$	3,032,978	$	11,407,465	$	(24,285,754	)	$	3,805,828
Accounts payable, trade	$	4,366	$	64,888	$	29,060	$	—		$	98,314
Other current liabilities	74,214		216,010		238,003		(1,652		)	526,575
Long-term debt, net of current maturities	500,000		80,000		—		—			580,000
Income taxes payable	440,110		26,389		13,446		—			479,945
Intercompany liabilities	10,759,104		—		—		(10,759,104		)	—
Other long-term liabilities	217,617		91,119		45,950		547			355,233
Redeemable noncontrolling interests	—		1,388		56,738		—			58,126
IAC shareholders' equity	1,655,728		2,553,184		10,972,361		(13,525,545		)	1,655,728
Noncontrolling interests	—		—		51,907		—			51,907
Total liabilities and shareholders' equity	$	13,651,139	$	3,032,978	$	11,407,465	$	(24,285,754	)	$	3,805,828

Condensed Income Statement

Statement of operations for the year ended December 31, 2013:

	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations			IAC Consolidated
	(In thousands)
Revenue	$	—		$	2,082,255		$	944,847		$	(4,115	)	$	3,022,987
Costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	2,456			579,411			421,094			(2,860		)	1,000,101
Selling and marketing expense	2,563			707,526			255,175			(1,133		)	964,131
General and administrative expense	97,025			155,560			120,007			(122		)	372,470
Product development expense	4,685			95,074			41,571			—			141,330
Depreciation	1,386			37,476			20,047			—			58,909
Amortization of intangibles	—			39,473			20,370			—			59,843
Total costs and expenses	108,115			1,614,520			878,264			(4,115		)	2,596,784
Operating (loss) income	(108,115		)	467,735			66,583			—			426,203
Equity in earnings (losses) of unconsolidated affiliates	439,925			68,500			(303		)	(514,737		)	(6,615		)
Interest expense	(29,417		)	(3,979		)	(200		)	—			(33,596		)
Other (expense) income, net	(35,331		)	(36,005		)	101,645			—			30,309
Earnings from continuing operations before income taxes	267,062			496,251			167,725			(514,737		)	416,301
Income tax benefit (provision)	16,796			(154,910		)	3,612			—			(134,502		)
Earnings from continuing operations	283,858			341,341			171,337			(514,737		)	281,799
Earnings (losses) from discontinued operations, net of tax	1,926			—			(39		)	39			1,926
Net earnings	285,784			341,341			171,298			(514,698		)	283,725
Net loss attributable to noncontrolling interests	—			411			1,648			—			2,059
Net earnings attributable to IAC shareholders	$	285,784		$	341,752		$	172,946		$	(514,698	)	$	285,784
Comprehensive income attributable to IAC shareholders	$	304,907		$	342,616		$	183,646		$	(526,262	)	$	304,907

Statement of operations for the year ended December 31, 2012:

	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations			IAC Consolidated
	(In thousands)
Revenue	$	—		$	1,959,488		$	847,798		$	(6,353	)	$	2,800,933
Costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	5,194			582,348			408,160			(4,905		)	990,797
Selling and marketing expense	4,081			663,268			228,661			(1,465		)	894,545
General and administrative expense	121,919			147,218			116,934			17			386,088
Product development expense	5,611			78,019			34,053			—			117,683
Depreciation	832			35,159			16,490			—			52,481
Amortization of intangibles	—			10,881			24,890			—			35,771
Total costs and expenses	137,637			1,516,893			829,188			(6,353		)	2,477,365
Operating (loss) income	(137,637		)	442,595			18,610			—			323,568
Equity in earnings (losses) of unconsolidated affiliates	309,639			37,832			(22,548		)	(350,268		)	(25,345		)
Interest expense	(1,835		)	(4,174		)	(140		)	—			(6,149		)
Other (expense) income, net	(82,900		)	(3,883		)	83,771			—			(3,012		)
Earnings from continuing operations before income taxes	87,267			472,370			79,693			(350,268		)	289,062
Income tax benefit (provision)	81,050			(148,161		)	(52,104		)	—			(119,215		)
Earnings from continuing operations	168,317			324,209			27,589			(350,268		)	169,847
(Loss) earnings from discontinued operations, net of tax	(9,051		)	—			842			(842		)	(9,051		)
Net earnings	159,266			324,209			28,431			(351,110		)	160,796
Net loss (earnings) attributable to noncontrolling interests	—			206			(1,736		)	—			(1,530		)
Net earnings attributable to IAC shareholders	$	159,266		$	324,415		$	26,695		$	(351,110	)	$	159,266
Comprehensive income attributable to IAC shareholders	$	139,540		$	325,188		$	26,818		$	(352,006	)	$	139,540

Statement of operations for the year ended December 31, 2011:

	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations			IAC Consolidated
	(In thousands)
Revenue	$	413		$	1,539,282		$	522,496		$	(2,747	)	$	2,059,444
Costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	4,763			485,378			264,902			(1,154		)	753,889
Selling and marketing expense	4,385			496,652			117,776			(1,615		)	617,198
General and administrative expense	120,908			133,264			66,868			22			321,062
Product development expense	7,299			67,947			15,511			—			90,757
Depreciation	799			44,763			11,157			—			56,719
Amortization of intangibles	—			3,593			18,464			—			22,057
Total costs and expenses	138,154			1,231,597			494,678			(2,747		)	1,861,682
Operating (loss) income	(137,741		)	307,685			27,818			—			197,762
Equity in earnings (losses) of unconsolidated affiliates	696,250			29,607			(32,866		)	(729,291		)	(36,300		)
Interest expense	(1,111		)	(4,259		)	(60		)	—			(5,430		)
Other (expense) income, net	(732,588		)	3,186			744,892			—			15,490
(Loss) earnings from continuing operations before income taxes	(175,190		)	336,219			739,784			(729,291		)	171,522
Income tax benefit (provision)	353,415			(128,026		)	(221,342		)	—			4,047
Earnings from continuing operations	178,225			208,193			518,442			(729,291		)	175,569
(Loss) earnings from discontinued operations, net of tax	(3,992		)	—			4,877			(4,877		)	(3,992		)
Net earnings	174,233			208,193			523,319			(734,168		)	171,577
Net loss attributable to noncontrolling interests	—			60			2,596			—			2,656
Net earnings attributable to IAC shareholders	$	174,233		$	208,253		$	525,915		$	(734,168	)	$	174,233
Comprehensive income attributable to IAC shareholders	$	144,244		$	208,601		$	481,627		$	(690,228	)	$	144,244

Condensed Cash Flow Statement

Statement of cash flows for the year ended December 31, 2013:

	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations		IAC Consolidated
	(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations	$	(95,081	)	$	520,255		$	(14,213	)	$	—	$	410,961
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	—			(6,138		)	(34,552		)	—		(40,690		)
Capital expenditures	(1,387		)	(63,224		)	(15,700		)	—		(80,311		)
Proceeds from maturities and sales of marketable debt securities	12,502			—			—			—		12,502
Proceeds from sales of long-term investments	7,839			50,850			11,279			—		69,968
Purchases of long-term investments	(17,814		)	—			(33,266		)	—		(51,080		)
Other, net	—			(1,725		)	11,319			—		9,594
Net cash provided by (used in) investing activities attributable to continuing operations	1,140			(20,237		)	(60,920		)	—		(80,017		)
Cash flows from financing activities attributable to continuing operations:
Proceeds from issuance of long-term debt	500,000			—			—			—		500,000
Principal payments on long-term debt	(15,844		)	—			—			—		(15,844		)
Purchase of treasury stock	(264,214		)	—			—			—		(264,214		)
Dividends	(79,189		)	—			—			—		(79,189		)
Issuance of common stock, net of withholding taxes	(5,077		)	—			—			—		(5,077		)
Excess tax benefits from stock-based awards	32,081			—			810			—		32,891
Purchase of noncontrolling interests	—			—			(67,947		)	—		(67,947		)
Funds transferred to escrow for Meetic tender offer	—			—			(71,512		)	—		(71,512		)
Debt issuance costs	(7,399		)	—			—			—		(7,399		)
Intercompany	216,359			(498,810		)	282,451			—		—
Other, net	—			(1,225		)	(2,562		)	—		(3,787		)
Net cash provided by (used in) financing activities attributable to continuing operations	376,717			(500,035		)	141,240			—		17,922
Total cash provided by (used in) continuing operations	282,776			(17		)	66,107			—		348,866
Total cash used in discontinued operations	(1,829		)	—			(48		)	—		(1,877		)
Effect of exchange rate changes on cash and cash equivalents	—			17			3,461			—		3,478
Net increase in cash and cash equivalents	280,947			—			69,520			—		350,467
Cash and cash equivalents at beginning of period	501,075			—			248,902			—		749,977
Cash and cash equivalents at end of period	$	782,022		$	—		$	318,422		$	—	$	1,100,444

Statement of cash flows for the year ended December 31, 2012:

	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations		IAC Consolidated
	(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations	$	(116,353	)	$	454,046		$	16,834		$	—	$	354,527
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(35,159		)	(338,829		)	(37,047		)	—		(411,035		)
Capital expenditures	(3,969		)	(29,550		)	(17,682		)	—		(51,201		)
Proceeds from maturities and sales of marketable debt securities	195,501			—			—			—		195,501
Purchases of marketable debt securities	(53,952		)	—			—			—		(53,952		)
Proceeds from sales of long-term investments	14,194			—			—			—		14,194
Purchases of long-term investments	(27,187		)	(724		)	(8,183		)	—		(36,094		)
Other, net	(351		)	117			(9,267		)	—		(9,501		)
Net cash provided by (used in) investing activities attributable to continuing operations	89,077			(368,986		)	(72,179		)	—		(352,088		)
Cash flows from financing activities attributable to continuing operations:
Proceeds from issuance of long-term debt	500,000			—			—			—		500,000
Purchase of treasury stock	(691,830		)	—			—			—		(691,830		)
Dividends	(68,163		)	—			—			—		(68,163		)
Issuance of common stock, net of withholding taxes	262,841			—			—			—		262,841
Excess tax benefits from stock-based awards	52,209			4,892			—			—		57,101
Purchase of noncontrolling interests	(1,936		)	—			(2,955		)	—		(4,891		)
Debt issuance costs	(11,001		)	—			—			—		(11,001		)
Intercompany	(55,020		)	(89,934		)	144,954			—		—
Other, net	—			—			244			—		244
Net cash (used in) provided by financing activities attributable to continuing operations	(12,900		)	(85,042		)	142,243			—		44,301
Total cash (used in) provided by continuing operations	(40,176		)	18			86,898			—		46,740
Total cash (used in) provided by discontinued operations	(3,971		)	—			499			—		(3,472		)
Effect of exchange rate changes on cash and cash equivalents	—			(18		)	2,574			—		2,556
Net (decrease) increase in cash and cash equivalents	(44,147		)	—			89,971			—		45,824
Cash and cash equivalents at beginning of period	545,222			—			158,931			—		704,153
Cash and cash equivalents at end of period	$	501,075		$	—		$	248,902		$	—	$	749,977

Statement of cash flows for the year ended December 31, 2011:

	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations		IAC Consolidated
	(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations	$	(75,300	)	$	366,144		$	81,542		$	—	$	372,386
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	—			(80,998		)	(197,471		)	—		(278,469		)
Capital expenditures	(798		)	(29,051		)	(10,105		)	—		(39,954		)
Proceeds from maturities and sales of marketable debt securities	267,635			—			317,300			—		584,935
Purchases of marketable debt securities	(74,240		)	—			(129,730		)	—		(203,970		)
Proceeds from sales of long-term investments	10,214			—			5,000			—		15,214
Purchases of long-term investments	(35,263		)	(51,008		)	(3,974		)	—		(90,245		)
Other, net	—			1,886			(14,583		)	—		(12,697		)
Net cash provided by (used in) investing activities attributable to continuing operations	167,548			(159,171		)	(33,563		)	—		(25,186		)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(507,765		)	—			—			—		(507,765		)
Dividends	(10,668		)	—			—			—		(10,668		)
Issuance of common stock, net of withholding taxes	132,785			—			—			—		132,785
Excess tax benefits from stock-based awards	22,166			—			—			—		22,166
Purchase of noncontrolling interests	(3,843		)	—			—			—		(3,843		)
Intercompany	824,194			(206,866		)	(617,328		)	—		—
Other, net	—			(249		)	(4,659		)	—		(4,908		)
Net cash provided by (used in) financing activities attributable to continuing operations	456,869			(207,115		)	(621,987		)	—		(372,233		)
Total cash provided by (used in) continuing operations	549,117			(142		)	(574,008		)	—		(25,033		)
Total cash used in discontinued operations	(7,166		)	—			(1,251		)	—		(8,417		)
Effect of exchange rate changes on cash and cash equivalents	3,271			142			(7,909		)	—		(4,496		)
Net increase (decrease) in cash and cash equivalents	545,222			—			(583,168		)	—		(37,946		)
Cash and cash equivalents at beginning of period	—			—			742,099			—		742,099
Cash and cash equivalents at end of period	$	545,222		$	—		$	158,931		$	—	$	704,153