IAC FY 2019 Earnings Report — IAC InterActive Corp. Revenue & Financial Results | Market Cap Arena

IAC InterActive Corp.IAC

FY 2019 Earnings

Reported December 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.5B	—	—	—	—
Op. Income	$6M	—	—	—	—
Gross Margin	78.2%	—	—	—	—
Net Margin	0.9%	—	—	—	—
EPS (Diluted)	$0.27	—	—	—	—
Free Cash Flow	$157M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$548M
GROSS PROFIT	$2.0B
R&D Expenses	$133M
Selling & Marketing	$1.1B
General & Administrative	$573M
SG&A Expenses	$1.7B
Other Expenses	$133M
Operating Expenses	$2.0B
Cost & Expenses	$2.5B
OPERATING INCOME	$6M
Interest Income	$15M
Interest Expense	$12M
Other Income/Expenses	$29M
INCOME BEFORE TAX	$34M
Income Tax Expense	-$47M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	-$49M
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$130M
EBIT	$46M
EBITDA	$176M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$548M
GROSS PROFIT	$2.0B
R&D Expenses	$133M
Selling & Marketing	$1.1B
General & Administrative	$573M
SG&A Expenses	$1.7B
Other Expenses	$133M
Operating Expenses	$2.0B
Cost & Expenses	$2.5B
OPERATING INCOME	$6M
Interest Income	$15M
Interest Expense	$12M
Other Income/Expenses	$29M
INCOME BEFORE TAX	$34M
Income Tax Expense	-$47M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	-$49M
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$130M
EBIT	$46M
EBITDA	$176M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$130M
Stock-Based Compensation	$130M
Deferred Income Tax	$0
Other Non-Cash Items	$70M
Change in Working Capital	-$101M
OPERATING CASH FLOW	$252M
Capital Expenditure	-$95M
Acquisitions (Net)	-$28M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$298M
NET CASH FROM INVESTING	-$422M
Net Debt Issuance	-$16M
Common Stock Repurchased	-$35M
Common Dividends Paid	$0
Other Financing Activities	$176M
NET CASH FROM FINANCING	$124M
FREE CASH FLOW	$157M
Net Change in Cash	-$46M

Balance Sheet

Item	Amount
Cash & Equivalents	$840M
Short-Term Investments	$0
Net Receivables	$237M
Inventory	$0
Other Current Assets	$110M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$305M
Goodwill	$1.6B
Intangible Assets	$350M
Long-Term Investments	$348M
Tax Assets	$167M
Other Non-Current Assets	$81M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$4.1B
Account Payables	$72M
Short-Term Debt	$14M
Deferred Revenue	$179M
Other Current Liabilities	$231M
TOTAL CURRENT LIABILITIES	$585M
Long-Term Debt	$232M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$44M
Other Non-Current Liabilities	$187M
TOTAL NON-CURRENT LIABILITIES	$463M
TOTAL LIABILITIES	$1.0B
Common Stock	$2.5B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	-$10.3B
Accum. Other Comp. Income	-$12M
Other Equity	$10.3B
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$514M
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$246M
Net Debt	-$594M