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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
55
December 31,
2009
2008
(In thousands, except share data)
ASSETS
Cash and cash equivalents
$
1,245,997
1,744,994
Marketable securities
487,591
125,592
Accounts receivable, net of allowance of $11,283 and $11,396,
respectively
101,834
98,402
Other current assets
164,627
215,630
Total current assets
2,000,049
2,184,618
Property and equipment, net
297,412
330,261
Goodwill
999,355
1,910,295
Intangible assets, net
261,172
386,756
Long
-
term investments
272,930
120,582
Other non
-
current assets
184,971
318,808
TOTAL ASSETS
$
4,015,889
5,251,320
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES:
Accounts payable, trade
$
39,173
48,876
Deferred revenue
57,822
50,886
Accrued expenses and other current liabilities
193,282
179,928
Total current liabilities
290,277
279,690
Long
-
term debt
95,844
95,844
Income taxes payable
450,129
403,043
Other long
-
term liabilities
23,633
22,436
Redeemable noncontrolling interests
28,180
22,771
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Common stock $.001 par value; authorized 1,600,000,000 shares;
issued 222,657,925 and 210,217,183 shares, respectively, and
outstanding 108,131,736 and 127,809,801 shares, respectively
223
210
Class B convertible common stock $.001 par value; authorized
400,000,000 shares; issued 16,157,499 shares and outstanding
12,799,999 shares
16
16
Additional paid
-
in capital
11,322,993
11,112,014
(Accumulated deficit) retained earnings
(751,377
)
227,445
Accumulated other comprehensive income
24,503
2,180
Treasury stock 114,526,189 and 82,407,382 shares, respectively
(7,468,532
)
(6,914,329
)
Total shareholders' equity
3,127,826
4,427,536
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$
4,015,889
5,251,320