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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 15—DISCONTINUED OPERATIONS (Continued)
The revenue and net loss for the aforementioned discontinued operations for the applicable periods were as follows (in thousands):
Included in "Loss before income taxes and noncontrolling interests" in the table above for the year ended December 31, 2008 are
impairment charges related to goodwill and indefinite-lived intangible assets of HSNi of $221.5 million and $78.5 million, respectively, and of
Tree.com of $132.5 million and $33.4 million, respectively. Included in "Loss before income taxes and noncontrolling interests" for the year
ended December 31, 2007 are impairment charges related to goodwill and indefinite-lived intangible assets of Tree.com of $459.5 million and
$16.2 million, respectively, and of EPI of $48.3 million and $8.9 million, respectively.
The assets and liabilities of HSNi, ILG, Ticketmaster and Tree.com as of August 20, 2008 were as follows (in thousands):
NOTE 16—COMMITMENTS
The Company leases land, office space, data center facilities and equipment used in connection with its operations under various operating
leases, many of which contain escalation clauses. The Company is committed to pay a portion of the related operating expenses under the data
center lease agreement. These operating expenses are not included in the table below.
103
Years Ended December 31,
2009
2008
2007
Revenue
$
—
3,144,662
$
5,240,657
Loss before income taxes and noncontrolling interests
$
(345
)
(307,844
)
$
(48,500
)
Income tax provision
(10,551
)
(10,811
)
(127,243
)
Net loss attributable to noncontrolling interests
—
2,111
2,547
Net loss
$
(10,896
)
(316,544
)
$
(173,196
)
August 20, 2008
Current assets
1,662,321
Goodwill
4,559,660
Intangible assets, net
946,007
Other non
-
current assets
631,443
Non
-
current assets
6,137,110
Current liabilities
(1,265,478
)
Deferred income taxes
(955,746
)
Other long
-
term liabilities
(1,606,923
)
Non
-
current liabilities
(2,562,669
)
Net assets
3,971,284