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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 14—SEGMENT INFORMATION (Continued)
99
December 31,
2009
2008
(In thousands)
Segment Assets(b):
Search
$
251,586
$
257,398
Match
233,919
65,043
ServiceMagic
21,607
20,967
Media & Other
41,645
51,127
Corporate
2,206,605
2,543,866
Total
$
2,755,362
$
2,938,401
Years Ended December 31,
2009
2008
2007
(In thousands)
Depreciation:
Search
33,201
35,879
29,835
Match
9,821
8,825
7,596
ServiceMagic
3,344
3,249
2,573
Media & Other
7,095
10,265
6,402
Corporate
11,172
12,833
13,455
Total
64,633
71,051
59,861
Years Ended December 31,
2009
2008
2007
(In thousands)
Capital expenditures:
Search
$
19,592
29,581
59,884
Match
7,814
10,989
8,715
ServiceMagic
3,565
2,516
3,786
Media & Other
6,716
14,441
10,013
Corporate
235
8,027
30,503
Total
$
37,922
65,554
112,901
(a) The Company's primary metric is Operating Income Before Amortization, which is defined as operating
income excluding, if applicable: (1) non-cash compensation expense, (2) amortization of non-cash
marketing, (3) amortization and impairment of intangibles, (4) goodwill impairment, (5) pro forma
adjustments for significant acquisitions, and (6) one-time items. The Company believes this measure is
useful to investors because it represents the operating results from IAC's segments, taking into account
depreciation, which it believes is an ongoing cost of doing business, but excluding the effects of any other
non-cash expenses. Operating Income Before Amortization has certain limitations in that it does not take
into account the impact to IAC's statement of operations of certain expenses, including non-cash
compensation, non-cash marketing, and acquisition related accounting. IAC endeavors to compensate for
the limitations of the non-U.S. GAAP measure presented by providing the comparable U.S. GAAP measure
with equal or greater prominence, financial statements prepared in accordance with