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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Balance sheet at December 31, 2013:
87
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
Eliminations
IAC Consolidated
(In thousands)
Cash and cash equivalents
$
782,022
$
—
$
318,422
$
—
$
1,100,444
Marketable securities
1,007
—
4,997
—
6,004
Accounts receivable, net
38
135,651
71,719
—
207,408
Other current assets
45,111
76,572
40,661
(814
)
161,530
Intercompany receivables
—
569,030
847,423
(1,416,453
)
—
Property and equipment, net
5,316
221,386
67,262
—
293,964
Goodwill
—
1,180,159
495,164
—
1,675,323
Intangible assets, net
—
302,082
143,254
—
445,336
Investment in subsidiaries
3,833,751
782,840
—
(
4,616,591
)
—
Other non-current assets
83,207
15,521
252,576
(6,629
)
344,675
Total assets
$
4,750,452
$
3,283,241
$
2,241,478
$
(6,040,487
)
$
4,234,684
Accounts payable, trade
$
4,310
$
51,525
$
21,818
$
—
$
77,653
Other current liabilities
41,623
280,549
187,072
—
509,244
Long-term debt
1,000,000
80,000
—
—
1,080,000
Income taxes payable
383,926
6,768
25,690
—
416,384
Intercompany liabilities
1,416,453
—
—
(
1,416,453
)
—
Other long-term liabilities
217,404
96,239
72,941
(7,443
)
379,141
Redeemable noncontrolling interests
—
—
42,861
—
42,861
IAC shareholders' equity
1,686,736
2,768,160
1,848,431
(4,616,591
)
1,686,736
Noncontrolling interests
—
—
42,665
—
42,665
Total liabilities and shareholders' equity
$
4,750,452
$
3,283,241
$
2,241,478
$
(6,040,487
)
$
4,234,684