IAC Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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, 2024 · Filed May 7, 2024
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 Balance Sheet
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (In thousands, except par value amounts) | ||
| ASSETS | ||
| Cash and cash equivalents | $1,506,988 | $1,297,445 |
| Marketable securities | 136,459 | 148,998 |
| Accounts receivable, net | 463,785 | 536,650 |
| Other current assets | 203,924 | 257,499 |
| Total current assets | 2,311,156 | 2,240,592 |
| Capitalized software, buildings, land, equipment and leasehold improvements, net | 424,534 | 455,281 |
| Goodwill | 2,878,872 | 3,024,266 |
| Intangible assets, net of accumulated amortization | 830,263 | 874,705 |
| Investment in MGM Resorts International | 3,055,601 | 2,891,850 |
| Long-term investments | 402,085 | 411,216 |
| Other non-current assets | 457,099 | 473,267 |
| TOTAL ASSETS | $10,359,610 | $10,371,177 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| LIABILITIES: | ||
| Current portion of long-term debt | $34,375 | $30,000 |
| Accounts payable, trade | 83,842 | 105,514 |
| Deferred revenue | 128,246 | 143,449 |
| Accrued expenses and other current liabilities | 608,998 | 671,527 |
| Total current liabilities | 855,461 | 950,490 |
| Long-term debt, net | 1,982,128 | 1,993,154 |
| Deferred income taxes | 210,727 | 164,612 |
| Other long-term liabilities | 461,830 | 474,540 |
| Redeemable noncontrolling interests | 32,622 | 33,378 |
| Commitments and contingencies | ||
| SHAREHOLDERS' EQUITY: | ||
| Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,638 and 84,465 shares issued and 80,288 and 80,115 shares outstanding at March 31, 2024 and December 31, 2023, respectively | 8 | 8 |
| Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at March 31, 2024 and December 31, 2023 | 1 | 1 |
| Additional paid-in-capital | 6,346,106 | 6,340,312 |
| Retained earnings | 45,954 | 923 |
| Accumulated other comprehensive loss | (6,893) | (10,942) |
| Treasury stock, 4,350 shares at March 31, 2024 and December 31, 2023 | (252,441) | (252,441) |
| Total IAC shareholders' equity | 6,132,735 | 6,077,861 |
| Noncontrolling interests | 684,107 | 677,142 |
| Total shareholders' equity | 6,816,842 | 6,755,003 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $10,359,610 | $10,371,177 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.