ServiceMagic 2014 Annual Report Download - page 110

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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 20—GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION
The 2013 and 2012 Senior Notes are unconditionally guaranteed, jointly and severally, by certain domestic subsidiaries which are 100%
owned by the Company. The following tables present condensed consolidating financial information at December 31, 2014 and 2013 and for the
years ended December 31, 2014 , 2013 and 2012 for: IAC, on a stand-alone basis; the combined guarantor subsidiaries of IAC; the combined non-
guarantor subsidiaries of IAC; and IAC on a consolidated basis.
December 31,
2014
2013
(In thousands)
Accrued expenses and other current liabilities:
Accrued employee compensation and benefits
$
101,830
$
85,006
Accrued advertising expense
87,485
63,406
Accrued revenue share expense
50,624
72,274
Income taxes payable
41,157
16,159
Other
116,707
114,193
Accrued expenses and other current liabilities
$
397,803
$
351,038
Years Ended December 31,
2014
2013
2012
(In thousands)
Revenue:
Service revenue
$
2,957,735
$
2,869,822
$
2,639,409
Product revenue
151,812
153,165
161,524
Revenue
$
3,109,547
$
3,022,987
$
2,800,933
Years Ended December 31,
2014
2013
2012
(In thousands)
Cost of revenue:
Cost of service revenue
$
757,194
$
884,189
$
833,374
Cost of product revenue
125,982
119,532
158,314
Cost of revenue
$
883,176
$
1,003,721
$
991,688
Years Ended December 31,
2014
2013
2012
(In thousands)
Other (expense) income, net:
Impairment of long-term investments
$
(66,601
)
$
(5,268
)
$
(8,685
)
Foreign currency exchange losses, net
(1,558
)
(2,883
)
(1,050
)
Gains on sales of long-term investments and a business
21,946
35,856
3,326
Interest income
4,352
2,608
3,462
Other
(926
)
(4
)
(65
)
Other (expense) income, net
$
(42,787
)
$
30,309
$
(3,012
)