ServiceMagic 2013 Annual Report Download - page 107

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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,
2013
2012
2011
(In thousands)
Depreciation:
Search & Applications
$
18,177
$
14,995
$
25,484
Match
19,991
16,339
10,780
Local
7,657
10,136
10,388
Media
2,124
1,398
703
Other
1,442
1,074
851
Corporate
9,518
8,539
8,513
Total
$
58,909
$
52,481
$
56,719
Years Ended December 31,
2013
2012
2011
(In thousands)
Capital expenditures:
Search & Applications
$
22,215
$
15,320
$
8,698
Match
19,587
19,853
17,447
Local
7,016
6,666
9,299
Media
1,386
1,178
905
Other
2,126
1,819
970
Corporate
27,981
6,365
2,635
Total
$
80,311
$
51,201
$
39,954
(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, (4) acquisition-related contingent consideration fair value adjustments and (5) one-
time items. The Company believes this measure is useful to investors because it represents the consolidated 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,
2013
2012
2011
(In thousands)
Revenue
United States
$
2,081,485
$
1,966,383
$
1,583,322
All other countries
941,502
834,550
476,122
Total
$
3,022,987
$
2,800,933
$
2,059,444