IAC Q4 2016 Earnings Report — IAC InterActive Corp. Revenue & Financial Results | Market Cap Arena

IAC InterActive Corp.IAC

Q4 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$811M	$764M	—	6.2%	—
Op. Income	$113M	$86M	—	31.8%	—
Gross Margin	73.8%	76.6%	—	-2.8pp	—
Net Margin	12.6%	5.7%	—	6.9pp	—
EPS (Diluted)	$1.29	$0.53	—	143.4%	—
Free Cash Flow	$135M	$83M	—	61.1%	—

Revenue Flow

Item	Amount
REVENUE	$811M
Cost of Revenue	$213M
GROSS PROFIT	$599M
R&D Expenses	$61M
Selling & Marketing	$275M
General & Administrative	$115M
SG&A Expenses	$390M
Other Expenses	$35M
Operating Expenses	$486M
Cost & Expenses	$698M
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$127M
Income Tax Expense	$13M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$35M
EBIT	$153M
EBITDA	$176M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$811M
Cost of Revenue	$213M
GROSS PROFIT	$599M
R&D Expenses	$61M
Selling & Marketing	$275M
General & Administrative	$115M
SG&A Expenses	$390M
Other Expenses	$35M
Operating Expenses	$486M
Cost & Expenses	$698M
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$127M
Income Tax Expense	$13M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$35M
EBIT	$153M
EBITDA	$176M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$102M
Depreciation & Amortization	$35M
Stock-Based Compensation	$0
Deferred Income Tax	-$19M
Other Non-Cash Items	-$23M
Change in Working Capital	$33M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$15M
Acquisitions (Net)	-$16M
Purchases of Investments	-$146M
Sales/Maturities of Investments	$173M
Other Investing Activities	$124M
NET CASH FROM INVESTING	$119M
Net Debt Issuance	$0
Common Stock Repurchased	-$46M
Common Dividends Paid	$0
Other Financing Activities	-$122M
NET CASH FROM FINANCING	-$122M
FREE CASH FLOW	$135M
Net Change in Cash	$139M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$89M
Net Receivables	$220M
Inventory	$0
Other Current Assets	$205M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$306M
Goodwill	$1.9B
Intangible Assets	$355M
Long-Term Investments	$123M
Tax Assets	$229M
Other Non-Current Assets	-$134M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$4.6B
Account Payables	$63M
Short-Term Debt	$6M
Deferred Revenue	$286M
Other Current Liabilities	$359M
TOTAL CURRENT LIABILITIES	$713M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$229M
Other Non-Current Liabilities	$253M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$2.8B
Common Stock	$256.0K
Additional Paid-In Capital	$0
Retained Earnings	$290M
Treasury Stock	$0
Accum. Other Comp. Income	-$166M
Other Equity	$1.7B
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$1.6B
Net Debt	$273M