ServiceMagic 2013 Annual Report Download - page 75

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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
57
December 31,
2013
2012
(In thousands)
Accrued expenses and other current liabilities:
Accrued employee compensation and benefits
$
85,006
$
51,537
Accrued revenue share expense
72,274
78,196
Accrued advertising expense
63,406
73,381
Income taxes payable
16,159
17,679
Unsettled treasury stock purchases —
35,113
Other
114,193
99,326
Accrued expenses and other current liabilities
$
351,038
$
355,232
Years Ended December 31,
2013
2012
2011
(In thousands)
Revenue:
Service revenue
$
2,869,822
$
2,639,409
$
1,932,289
Product revenue
153,165
161,524
127,155
Revenue
$
3,022,987
$
2,800,933
$
2,059,444
Years Ended December 31,
2013
2012
2011
(In thousands)
Cost of revenue:
Cost of service revenue
$
883,730
$
835,440
$
659,069
Cost of product revenue
116,371
155,357
94,820
Cost of revenue
$
1,000,101
$
990,797
$
753,889
Years Ended December 31,
2013
2012
2011
(In thousands)
Other income (expense), net:
Gain on sales of long-term investments
$
35,856
$
3,326
$
1,974
Interest income
2,608
3,462
5,205
Foreign currency exchange (losses) gains, net
(2,883
)
(1,050
)
3,660
Impairment of long-term investments
(5,268
)
(8,685
)
—
Non-income tax refunds related to Match Europe, which was sold in 2009
—
—
4,630
Other
(4
)
(65
)
21
Other income (expense), net
$
30,309
$
(3,012
)
$
15,490