ServiceMagic 2011 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2011 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 144

  • 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

IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 3—CONSOLIDATED FINANCIAL STATEMENT DETAILS (Continued)
Accumulated other comprehensive (loss) income
Revenue
Cost of revenue
Other income (expense), net
70
December 31,
2011
2010
(In thousands)
Foreign currency translation adjustment, net of tax
$
(25,174
)
$
16,027
Unrealized gains on available
-
for
sale securities, net of tax
12,731
1,519
Accumulated other comprehensive (loss) income
$
(12,443
)
$
17,546
Years Ended December 31,
2011 2010 2009
(In thousands)
Service revenue
$
1,932,289
$
1,522,217
$
1,240,787
Product revenue
127,155
114,598
105,908
Revenue
$
2,059,444
$
1,636,815
$
1,346,695
Years Ended December 31,
2011
2010
2009
(In thousands)
Cost of service revenue
$
666,424
$
508,640
$
352,824
Cost of product revenue
94,820
85,176
77,025
Cost of revenue
$
761,244
$
593,816
$
429,849
Years Ended December 31,
2011 2010 2009
(In thousands)
Interest income
$
5,205
$
6,517
$
10,218
Interest expense
(5,430
)
(5,404
)
(5,823
)
Non
-income tax refunds related to Match
Europe
4,630
—
—
Foreign currency exchange gains, net
3,660
314
1,228
Gain on sales of investments
1,974
3,989
28,835
Impairment of long
term investments
—
7,844
)
(343
)
Gain on sale of Match Europe
—
—
132,244
Impairment of shares of Arcandor AG
("ARO") stock
—
—
(
4,593
)
Net decrease in the fair value of the derivative
asset related to ARO stock
—
—
(
58,097
)
Other
21
995
1,333
Other income (expense), net
$
10,060
$
(1,433
)
$
105,002