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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities attributable to continuing operations:    
Net earnings (loss) $ 314,377 $ (67,647)
Add back: (earnings) loss from discontinued operations, net of tax (509) 366,578
Net earnings from continuing operations 313,868 298,931
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Stock-based compensation expense 72,512 43,312
Depreciation 20,518 19,063
Amortization of intangibles 455 6,803
Deferred income taxes (20,731) (16,060)
Other adjustments, net 7,407 19,667
Changes in assets and liabilities    
Accounts receivable (103,127) (69,228)
Other assets 32,622 (10,144)
Accounts payable and other liabilities (17,320) (13,349)
Income taxes payable and receivable 18,899 (16,241)
Deferred revenue 25,712 13,133
Net cash provided by operating activities attributable to continuing operations 350,815 275,887
Cash flows from investing activities attributable to continuing operations:    
Net cash (used) acquired in business combinations (840,869) 0
Capital expenditures (32,392) (18,124)
Net cash distribution related to Separation of IAC 0 (2,448,749)
Other, net (255) (118)
Net cash used in investing activities attributable to continuing operations (873,516) (2,466,991)
Cash flows from financing activities attributable to continuing operations:    
Borrowings under the Credit Facility 0 20,000
Proceeds from Senior Notes offerings 0 1,000,000
Principal payments on Credit Facility 0 (400,000)
Debt issuance costs (851) (13,195)
Proceeds from issuance of common stock pursuant to stock-based awards 37,333 0
Withholding taxes paid on behalf of employees on net settled stock-based awards of Former Match Group and Match Group (11,380) (209,698)
Purchase of Former Match Group treasury stock 0 (132,868)
Purchase of noncontrolling interests (1,473) (15,827)
Other, net 0 (12,745)
Net cash provided by financing activities attributable to continuing operations 23,629 235,667
Total cash used in continuing operations (499,072) (1,955,437)
Net cash provided by operating activities attributable to discontinued operations 0 20,031
Net cash used in investing activities attributable to discontinued operations 0 (963,420)
Net cash used in financing activities attributable to discontinued operations 0 (110,959)
Total cash used in discontinued operations 0 (1,054,348)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (3,636) (1,152)
Net decrease in cash, cash equivalents, and restricted cash (502,708) (3,010,937)
Cash, cash equivalents, and restricted cash at beginning of period 739,302 3,140,358
Cash, cash equivalents, and restricted cash at end of period $ 236,594 $ 129,421