ServiceMagic 2010 Annual Report Download - page 88
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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 7—LONG-TERM INVESTMENTS (Continued)
IAC accounted for its remaining investment in Points as a marketable equity security. During the fourth quarter of 2009, IAC sold its remaining
investment in Points resulting in a nominal gain.
The Company's equity in (losses) income of its unconsolidated affiliates for each of the years in the three year period ended December 31,
2010 is presented below (in thousands):
Summarized financial information for Jupiter Shop is as follows (in thousands):
Summarized aggregated financial information of the Company's equity method investments is as follows (in thousands):
83
Years Ended December 31,
2010
2009
2008
Equity in losses of
unconsolidated affiliates
other than Jupiter Shop
$
(25,676
)
$
(14,014
)
$
(13,196
)
Equity in income of Jupiter
Shop
—
—
29,836
Total
$
(25,676
)
$
(14,014
)
$
16,640
November 30, 2008
Balance sheet data:
Current assets
$
593,911
Non
-
current assets
88,568
Current liabilities
(143,466
)
Non
-
current liabilities
(4,565
)
For the period
December 1, 2007
to November 30, 2008
Operating data:
Net sales
$
1,021,215
Gross profit
501,849
Net income
99,452
September 30,
2010
2009
Balance sheet data:
Current assets
$
83,948
$
116,406
Non
-
current assets
388,518
412,588
Current liabilities
(89,505
)
(103,210
)
Non
-
current liabilities
(18,900
)
(17,725
)