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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Balance sheet at December 31, 2012:
85
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
Total Eliminations
IAC Consolidated
(In thousands)
Cash and cash equivalents
$
501,075
$
—
$
248,902
$
—
$
749,977
Marketable securities
20,604
—
—
—
20,604
Accounts receivable, net
43
142,627
87,160
—
229,830
Other current assets
58,452
53,720
45,204
(1,037
)
156,339
Intercompany receivables
—
482,926
10,276,178
(10,759,104
)
—
Property and equipment, net
4,116
194,515
71,881
—
270,512
Goodwill
—
1,190,199
425,955
—
1,616,154
Intangible assets, net
—
340,631
142,273
—
482,904
Investment in subsidiaries
12,913,694
611,851
—
(
13,525,545
)
—
Other non-current assets
153,155
16,509
109,912
(68
)
279,508
Total assets
$
13,651,139
$
3,032,978
$
11,407,465
$
(24,285,754
)
$
3,805,828
Accounts payable, trade
$
4,366
$
64,888
$
29,060
$
—
$
98,314
Other current liabilities
74,214
216,010
238,003
(1,652
)
526,575
Long-term debt, net of current maturities
500,000
80,000
—
—
580,000
Income taxes payable
440,110
26,389
13,446
—
479,945
Intercompany liabilities
10,759,104
—
—
(
10,759,104
)
—
Other long-term liabilities
217,617
91,119
45,950
547
355,233
Redeemable noncontrolling interests
—
1,388
56,738
—
58,126
IAC shareholders' equity
1,655,728
2,553,184
10,972,361
(13,525,545
)
1,655,728
Noncontrolling interests
—
—
51,907
—
51,907
Total liabilities and shareholders' equity
$
13,651,139
$
3,032,978
$
11,407,465
$
(24,285,754
)
$
3,805,828