Attached files
file | filename |
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8-K - IAC 8-K - Match Group, Inc. | launch8k.htm |
EX-99.2 - EXHIBIT 99.2 - Match Group, Inc. | exhibit992.htm |
Exhibit 99.1
EXCERPTS FROM PRELIMINARY OFFERING MEMORANDUM,
DATED NOVEMBER 12, 2013
IAC/InterActiveCorp
Other financial data
Nine months ended
September 30,
|
Years ended
December 31,
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||||
2013
|
2012
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2012
|
2011
|
2010
|
|
(Dollars in thousands)
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|||||
Adjusted EBITDA(1)
|
$448,226
|
$359,080
|
$497,445
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$365,126
|
$253,476
|
(1)
|
While Adjusted EBITDA is frequently used as a measure of operating performance, it is not necessarily compatible to other similarly titled captions of other companies due to potential inconsistencies in the method of calculation. Adjusted EBITDA should not be considered as a substitute for, nor superior to, GAAP measures. We present a reconciliation of Adjusted EBITDA to operating income below.
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Nine months ended September 30,
|
Years ended December 31,
|
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2013
|
2012
|
2012
|
2011
|
2010
|
|
(In thousands)
|
|||||
Adjusted EBITDA
|
$448,226
|
$359,080
|
$497,445
|
$365,126
|
$253,476
|
Less: Non-cash compensation expense
|
(38,848)
|
(65,258)
|
(85,625)
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(88,588)
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(84,280)
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Less: Depreciation
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(44,541)
|
(37,490)
|
(52,481)
|
(56,719)
|
(63,897)
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Less: Amortization and impairment of intangibles
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(45,247)
|
(18,058)
|
(35,771)
|
(22,057)
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(27,472)
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Less: Acquisition-related contingent consideration fair value adjustment
|
(6,339)
|
—
|
—
|
—
|
—
|
Less: Goodwill impairment
|
—
|
—
|
—
|
—
|
(28,032)
|
Operating income
|
$313,251
|
$238,274
|
$323,568
|
$197,762
|
$ 49,795
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