IAC Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (In thousands, except par value amounts) | ||
| ASSETS | ||
| Cash and cash equivalents | $1,719,767 | $1,297,445 |
| Marketable securities | 24,947 | 148,998 |
| Accounts receivable, net | 477,769 | 536,650 |
| Other current assets | 178,422 | 257,499 |
| Total current assets | 2,400,905 | 2,240,592 |
| Buildings, capitalized software, land, equipment and leasehold improvements, net | 400,549 | 455,281 |
| Goodwill | 2,881,717 | 3,024,266 |
| Intangible assets, net of accumulated amortization | 757,777 | 874,705 |
| Investment in MGM Resorts International | 2,530,045 | 2,891,850 |
| Long-term investments | 447,771 | 411,216 |
| Other non-current assets | 418,427 | 473,267 |
| TOTAL ASSETS | $9,837,191 | $10,371,177 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| LIABILITIES: | ||
| Current portion of long-term debt | $43,125 | $30,000 |
| Accounts payable, trade | 80,121 | 105,514 |
| Deferred revenue | 116,983 | 143,449 |
| Accrued expenses and other current liabilities | 634,287 | 671,527 |
| Total current liabilities | 874,516 | 950,490 |
| Long-term debt, net | 1,960,090 | 1,993,154 |
| Deferred income taxes | 84,516 | 164,612 |
| Other long-term liabilities | 434,831 | 474,540 |
| Redeemable noncontrolling interests | 28,679 | 33,378 |
| Commitments and contingencies | ||
| SHAREHOLDERS' EQUITY: | ||
| Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,823 and 84,465 shares issued and 80,473 and 80,115 shares outstanding at September 30, 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 September 30, 2024 and December 31, 2023 | 1 | 1 |
| Additional paid-in-capital | 6,362,081 | 6,340,312 |
| (Accumulated deficit) retained earnings | (339,997) | 923 |
| Accumulated other comprehensive loss | (9,608) | (10,942) |
| Treasury stock, 4,350 shares at September 30, 2024 and December 31, 2023 | (252,441) | (252,441) |
| Total IAC shareholders' equity | 5,760,044 | 6,077,861 |
| Noncontrolling interests | 694,515 | 677,142 |
| Total shareholders' equity | 6,454,559 | 6,755,003 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $9,837,191 | $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.