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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Balance sheet at December 31, 2014:
86
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
Eliminations
IAC Consolidated
(In thousands)
Cash and cash equivalents
$
766,076
$
1,021
$
223,308
$
—
$
990,405
Marketable securities
159,197
—
1,451
—
160,648
Accounts receivable, net
13
155,262
80,811
—
236,086
Other current assets
23,923
91,105
57,487
(5,773
)
166,742
Intercompany receivables
—
1,688,403
970,810
(2,659,213
)
—
Property and equipment, net
4,950
232,819
64,690
—
302,459
Goodwill
—
1,249,807
505,119
—
1,754,926
Intangible assets, net
—
325,771
166,165
—
491,936
Investment in subsidiaries
5,035,304
930,443
—
(
5,965,747
)
—
Other non-current assets
44,610
20,682
109,372
(2,988
)
171,676
Total assets
$
6,034,073
$
4,695,313
$
2,179,213
$
(8,633,721
)
$
4,274,878
Accounts payable, trade
$
3,059
$
55,320
$
22,784
$
—
$
81,163
Other current liabilities
73,491
328,920
191,197
(817
)
592,791
Long-term debt
1,000,000
80,000
—
—
1,080,000
Income taxes payable
2,240
4,771
25,624
—
32,635
Intercompany liabilities
2,659,213
—
—
(
2,659,213
)
—
Other long-term liabilities
304,117
104,219
54,328
(7,944
)
454,720
Redeemable noncontrolling interests
—
—
40,427
—
40,427
IAC shareholders' equity
1,991,953
4,122,083
1,843,664
(5,965,747
)
1,991,953
Noncontrolling interests
—
—
1,189
—
1,189
Total liabilities and shareholders' equity
$
6,034,073
$
4,695,313
$
2,179,213
$
(8,633,721
)
$
4,274,878