ServiceMagic 2009 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2009 ServiceMagic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 3—CONSOLIDATED FINANCIAL STATEMENT DETAILS (Continued)
Redeemable noncontrolling interests
The following table presents the changes in redeemable noncontrolling interests (in thousands):
Accumulated other comprehensive income
Accumulated other comprehensive income, net of tax, is comprised of (in thousands):
Revenue
Revenue is comprised of (in thousands):
70
For the Year Ended December 31,
2009
2008
2007
Balance at January 1
22,771
32,880
24,175
Noncontrolling interests
related to acquisitions
3,561
503
1,404
Contribution from owners of
noncontrolling interests
1,750
—
—
Distribution to owners of
noncontrolling interests
(216
)
(74
)
(317
)
Net loss attributable to
noncontrolling interests
(1,090
)
(5,849
)
(2,014
)
Fair value of redeemable
noncontrolling interests
adjustment
1,033
(4,689
)
9,632
Foreign currency translation
adjustment
371
—
—
Balance at December 31
28,180
22,771
32,880
December 31,
2009
2008
Foreign currency translation, net of tax
$
20,264
$
5,346
Unrealized gains (losses) on available
-
for
-
sale securities, net of tax
4,239
(3,166
)
Accumulated other comprehensive
income, net of tax
$
24,503
$
2,180
Years Ended December 31,
2009
2008
2007
Service revenue
$
1,266,503
$
1,339,732
$
1,243,007
Product revenue
109,285
105,363
89,575
Revenue
$
1,375,788
$
1,445,095
$
1,332,582