ServiceMagic 2009 Annual Report Download - page 79

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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 3—CONSOLIDATED FINANCIAL STATEMENT DETAILS (Continued)
Cost of revenue
Cost of revenue is comprised of (in thousands):
Other income (expense)
Other income (expense) is comprised of (in thousands):
NOTE 4—INCOME TAXES
U.S. and foreign (loss) earnings from continuing operations before income taxes are as follows (in thousands):
71
Years Ended December 31,
2009
2008
2007
Cost of service revenue
370,395
398,206
456,837
Cost of product revenue
79,395
79,184
64,907
Cost of revenue
449,790
477,390
521,744
Years Ended December 31,
2009 2008 2007
Gain on sale of Match
Europe
132,244
$
—
—
Impairment of shares of
Arcandor AG ("ARO")
stock
(4,593
)
(166,699
)
—
Impairment of investment
portfolio
(343
)
(13,322
)
—
Net (decrease) increase in
the fair value of the
derivative created in the
HSE sale
(58,097
)
5,785
24,121
Net increase in the fair
value of the derivatives
created in the Expedia
spin
-
off
—
400
5,234
Loss on extinguishment of a
portion of 7% Senior
Notes due January 15,
2013 (the "Senior
Notes")
—
(
63,218
)
—
Other income
2,548
2,364
6,161
Other income (expense)
71,759
$
(234,690
)
35,516
Years Ended December 31,
2009
2008
2007
U.S.
$
(1,066,541
)
60,417
(28,430
)
Foreign
99,010
33,066
24,340
Total
$
(967,531
)
93,483
(4,090
)