IAC FY 2015 Earnings Report — IAC InterActive Corp. Revenue & Financial Results | Market Cap Arena

IAC InterActive Corp.IAC

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.1B	—	3.9%
Op. Income	$173M	—	$312M	—	-44.6%
Gross Margin	75.9%	—	72.3%	—	3.6pp
Net Margin	3.7%	—	13.3%	—	-9.6pp
EPS (Diluted)	$1.45	—	$4.65	—	-68.8%
Free Cash Flow	$344M	—	$367M	—	-6.3%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$778M
GROSS PROFIT	$2.5B
R&D Expenses	$197M
Selling & Marketing	$1.3B
General & Administrative	$515M
SG&A Expenses	$1.9B
Other Expenses	$223M
Operating Expenses	$2.3B
Cost & Expenses	$3.1B
OPERATING INCOME	$173M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$143M
Income Tax Expense	$30M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$202M
EBIT	$217M
EBITDA	$425M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$778M
GROSS PROFIT	$2.5B
R&D Expenses	$197M
Selling & Marketing	$1.3B
General & Administrative	$515M
SG&A Expenses	$1.9B
Other Expenses	$223M
Operating Expenses	$2.3B
Cost & Expenses	$3.1B
OPERATING INCOME	$173M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$143M
Income Tax Expense	$30M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$202M
EBIT	$217M
EBITDA	$425M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$202M
Stock-Based Compensation	$0
Deferred Income Tax	-$60M
Other Non-Cash Items	-$276M
Change in Working Capital	$314M
OPERATING CASH FLOW	$406M
Capital Expenditure	-$62M
Acquisitions (Net)	-$617M
Purchases of Investments	-$293M
Sales/Maturities of Investments	$218M
Other Investing Activities	$171M
NET CASH FROM INVESTING	-$583M
Net Debt Issuance	$0
Common Stock Repurchased	$256M
Common Dividends Paid	$0
Other Financing Activities	$678M
NET CASH FROM FINANCING	$678M
FREE CASH FLOW	$344M
Net Change in Cash	$491M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$39M
Net Receivables	$277M
Inventory	$0
Other Current Assets	$147M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$303M
Goodwill	$2.2B
Intangible Assets	$441M
Long-Term Investments	$137M
Tax Assets	$349M
Other Non-Current Assets	-$231M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$5.2B
Account Payables	$87M
Short-Term Debt	$33M
Deferred Revenue	$258M
Other Current Liabilities	$390M
TOTAL CURRENT LIABILITIES	$769M
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$349M
Other Non-Current Liabilities	$540M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.4B
Common Stock	$270.0K
Additional Paid-In Capital	$0
Retained Earnings	$331M
Treasury Stock	$0
Accum. Other Comp. Income	-$152M
Other Equity	$1.6B
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$1.8B
Net Debt	$286M