ServiceMagic 2012 Annual Report Download - page 103

IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
_______________________________________________________________________________
Revenue by geography is based on where the customer is located. Geographic information about revenue and long-
lived assets is presented
below:
Years Ended December 31,
2012
2011 2010
(In thousands)
Depreciation:
Search & Applications
$
14,995
$
25,484
$
35,754
Match
16,339
10,780
11,042
Local
10,136
10,388
7,785
Media
1,398
703
245
Other
1,074
851
828
Corporate
8,539
8,513
8,243
Total
$
52,481
$
56,719
$
63,897
Years Ended December 31,
2012
2011 2010
(In thousands)
Capital expenditures:
Search & Applications
$
15,320
$
8,698
$
17,169
Match
19,853
17,447
10,087
Local
6,666
9,299
10,513
Media
1,178
905
474
Other
1,819
970
951
Corporate
6,365
2,635
635
Total
$
51,201
$
39,954
$
39,829
(a) The Company's primary metric is Operating Income Before Amortization, which is defined as operating income excluding, if applicable: (1) non-cash compensation
expense, (2) amortization and impairment of intangibles, (3) goodwill impairment and (4) one-time items. The Company believes this measure is useful to investors
because it represents the operating results from IAC's segments, taking into account depreciation, which it believes is an ongoing cost of doing business, but excluding the
effects of any other non-cash expenses. Operating Income Before Amortization has certain limitations in that it does not take into account the impact to IAC's statement
of operations of certain expenses, including non-cash compensation and acquisition related accounting. IAC endeavors to compensate for the limitations of the non-
U.S. GAAP measure presented by providing the comparable U.S. GAAP measure with equal or greater prominence, financial statements prepared in accordance with
U.S. GAAP, and descriptions of the reconciling items, including quantifying such items, to derive the non-U.S. GAAP measure.
(b)
Consistent with the Company's primary metric (described in (a) above), the Company excludes, if applicable, goodwill and intangible assets from the measure of segment
assets presented above.
Years Ended December 31,
2012
2011 2010
(In thousands)
Revenue
United States
$
1,966,383
$
1,583,322
$
1,359,655
All other countries
834,550
476,122
277,160
Total
$
2,800,933
$
2,059,444
$
1,636,815