CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 2,822,729	$ 3,139,295
Short-term investments	20,000	0
Marketable securities	49,912	19,993
Accounts receivable, net of allowance and reserves of $28,669 and $24,726, respectively	375,854	298,334
Other current assets	267,814	249,367
Total current assets	3,536,309	3,706,989
Property, capitalized software and equipment, net of accumulated depreciation and amortization	373,561	371,353
Goodwill	3,042,139	2,854,462
Intangible assets, net of accumulated amortization	671,467	578,474
Long-term investments	301,592	353,052
Deferred income taxes	190,849	167,054
Other non-current assets	318,832	301,441
TOTAL ASSETS	8,434,749	8,332,825
LIABILITIES:
Current portion of long-term debt	13,750	13,750
Accounts payable, trade	102,367	94,356
Deferred revenue	433,728	397,490
Accrued expenses and other current liabilities	514,571	502,003
Total current liabilities	1,064,416	1,007,599
Long-term debt, net	3,625,008	3,121,572
Income taxes payable	18,398	36,489
Deferred income taxes	19,398	21,388
Other long-term liabilities	210,274	202,932
Redeemable noncontrolling interests	42,431	44,527
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	11,412,142	11,683,799
Retained earnings	1,478,885	1,689,925
Accumulated other comprehensive loss	(157,285)	(136,349)
Treasury stock 194,708 shares	(10,309,612)	(10,309,612)
Total IAC shareholders' equity	2,424,410	2,928,042
Noncontrolling interests	1,030,414	970,276
Total shareholders' equity	3,454,824	3,898,318
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	8,434,749	8,332,825
Common stock $.001 par value; authorized 1,600,000 shares; issued 263,502 and 263,230 shares, respectively, and outstanding 79,162 and 78,890 shares, respectively
SHAREHOLDERS' EQUITY:
Common stock	264	263
Class B convertible common stock $.001 par value; authorized 400,000 shares; issued 16,157 shares and outstanding 5,789 shares
SHAREHOLDERS' EQUITY:
Common stock	$ 16	$ 16