IAC Inc.
For the period ended Mar 31, 2026. Filed May 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 4, 2026
PPLI$43.38+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands) | ||
| Cash flows from operating activities attributable to continuing operations: | ||
| Net loss | $(70,670) | $(214,568) |
| Less: Loss on the sale of Care.com, net of income taxes | (75,643) | — |
| Less: Earnings from discontinued operations, net of income taxes | 7,225 | 43,774 |
| Net loss attributable to continuing operations | (2,252) | (258,342) |
| Adjustments to reconcile net loss attributable to continuing operations to net cash provided by (used in) operating activities attributable to continuing operations: | ||
| Amortization of intangibles | 19,040 | 22,418 |
| Stock-based compensation expense | 16,412 | (21,390) |
| Non-cash lease expense (including right-of-use asset impairments) | 7,543 | 8,724 |
| Depreciation | 7,314 | 11,241 |
| Net downward adjustments to the carrying value of equity securities without readily determinable fair values and net gains on sales of investments and businesses | 4,574 | 7,538 |
| Unrealized (gain) loss on investment in MGM Resorts International | (34,005) | 324,265 |
| Deferred income taxes | (15,121) | (63,833) |
| Gain on sale of an unutilized domain name | (7,500) | — |
| Net gains on amendments and early terminations of lease agreements | — | (36,038) |
| Other adjustments, net | 2,828 | 1,348 |
| Changes in assets and liabilities, net of effects of dispositions: | ||
| Accounts receivable | 86,268 | 76,641 |
| Other assets | (940) | (32,650) |
| Operating lease liabilities | (14,545) | (33,950) |
| Accounts payable and other liabilities | (61,564) | (35,588) |
| Income taxes payable and receivable | (635) | 1,611 |
| Deferred revenue | 2,547 | 694 |
| Net cash provided by (used in) operating activities attributable to continuing operations | 9,964 | (27,311) |
| Cash flows from investing activities attributable to continuing operations: | ||
| Capital expenditures | (7,961) | (4,136) |
| Net proceeds from the sale of Care.com | 295,697 | — |
| Purchase of MGM Resorts International common shares | (37,232) | — |
| Allocation of Angi Inc.'s cash in the Distribution | — | (386,563) |
| Proceeds from the sale of an unutilized domain name | 7,500 | — |
| Net proceeds from the sales of investments and businesses | 38 | 10,096 |
| Proceeds from the sale of a portion of the retirement investment fund | — | 5,248 |
| Other, net | 2,602 | 134 |
| Net cash provided by (used in) investing activities attributable to continuing operations | 260,644 | (375,221) |
| Cash flows from financing activities attributable to continuing operations: | ||
| Principal payments on the Term Loans | (6,125) | (8,750) |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | (17,999) | (45,183) |
| Purchases of treasury stock | (123,574) | (179,394) |
| Distribution from Angi Inc. pursuant to the tax sharing agreement | 6,542 | — |
| Other, net | 4 | (655) |
| Net cash used in financing activities attributable to continuing operations | (141,152) | (233,982) |
| Total cash provided by (used in) continuing operations | 129,456 | (636,514) |
| Net cash provided by operating activities attributable to discontinued operations | 5,424 | 24,617 |
| Net cash used in investing activities attributable to discontinued operations | (60) | (13,019) |
| Net cash used in financing activities attributable to discontinued operations | — | (14,362) |
| Total cash provided by (used in) discontinued operations | 5,364 | (2,764) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (1,411) | 362 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 133,409 | (638,916) |
| Cash and cash equivalents and restricted cash at beginning of period | 986,831 | 1,807,255 |
| Cash and cash equivalents and restricted cash at end of period | $1,120,240 | $1,168,339 |
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