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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities attributable to continuing operations:    
Net earnings from continuing operations $ 413,732 $ 374,699
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Stock-based compensation expense 80,647 70,817
Depreciation 30,284 25,578
Amortization of intangibles 7,262 1,464
Deferred income taxes (6,594) (26,184)
Other adjustments, net 57,042 22,912
Changes in assets and liabilities    
Accounts receivable (87,920) (68,557)
Other assets (26,132) 3,251
Accounts payable and other liabilities 18,281 45,711
Income taxes payable and receivable 5,315 (6,006)
Deferred revenue 26,928 24,570
Net cash provided by operating activities attributable to continuing operations 518,845 468,255
Cash flows from investing activities attributable to continuing operations:    
Net cash used in business combinations 0 (3,759)
Capital expenditures (32,376) (30,273)
Net cash distribution related to Separation of IAC (3,870,550) 0
Purchases of investments (9,115) 0
Other, net (93) 1,071
Net cash used in investing activities attributable to continuing operations (3,912,134) (32,961)
Cash flows from financing activities attributable to continuing operations:    
Borrowings under the Credit Facility 20,000 40,000
Principal payments on Credit Facility (20,000) (300,000)
Principal payments on Senior Notes (400,000) 0
Purchase of exchangeable note hedges 0 (303,428)
Proceeds from issuance of warrants 0 166,520
Debt issuance costs (13,517) (27,815)
Proceeds from stock offering 1,421,801 0
Proceeds from issuance of common stock pursuant to stock-based awards 79,528 0
Withholding taxes paid on behalf of employees on net settled stock-based awards of Former Match Group and Match Group (211,958) (167,183)
Purchase of Former Match Group treasury stock (132,868) (175,736)
Purchase of noncontrolling interests (15,827) 0
Other, net (15,188) (25)
Net cash provided by financing activities attributable to continuing operations 1,711,971 732,333
Total cash (used in) provided by continuing operations (1,681,318) 1,167,627
Net cash provided by operating activities attributable to discontinued operations 13,630 220,511
Net cash used in investing activities attributable to discontinued operations (963,420) (374,333)
Net cash used in financing activities attributable to discontinued operations (110,959) (196,803)
Total cash used in discontinued operations (1,060,749) (350,625)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 725 (2,534)
Net (decrease) increase in cash, cash equivalents, and restricted cash (2,741,342) 814,468
Cash, cash equivalents, and restricted cash at beginning of period 3,140,358 2,133,685
Cash, cash equivalents, and restricted cash at end of period 399,016 2,948,153
Senior Notes    
Cash flows from financing activities attributable to continuing operations:    
Proceeds from Senior debt offerings 1,000,000 350,000
Exchangeable Notes    
Cash flows from financing activities attributable to continuing operations:    
Proceeds from Senior debt offerings $ 0 $ 1,150,000