IAC Inc.
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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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.
Jun 30, 2025 · Filed Aug 4, 2025
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
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (In thousands) | ||
| Cash flows from operating activities attributable to continuing operations: | ||
| Net loss | $(3,935) | $(96,495) |
| Less: Net earnings (loss) from discontinued operations | 15,313 | (1,247) |
| Net loss from continuing operations | (19,248) | (95,248) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities attributable to continuing operations: | ||
| Amortization of intangibles | 46,941 | 73,438 |
| Depreciation | 19,926 | 21,848 |
| Net loss (gain) on sales of investments and businesses (including unrealized losses on investments) | 18,845 | (28,203) |
| Non-cash lease expense (including right-of-use asset impairments) | 17,612 | 19,811 |
| Unrealized loss on investment in MGM Resorts International | 16,828 | 15,533 |
| Net gain on lease terminations | (36,104) | — |
| Deferred income taxes | (18,709) | (1,714) |
| Stock-based compensation expense | (925) | 39,937 |
| Unrealized increase in the estimated fair value of a warrant | — | (20,393) |
| Other adjustments, net | 8,944 | (650) |
| Changes in assets and liabilities, net of effects of dispositions: | ||
| Accounts receivable | 93,604 | 57,507 |
| Other assets | (22,607) | 43,610 |
| Operating lease liabilities | (64,403) | (25,896) |
| Accounts payable and other liabilities | (69,620) | (51,133) |
| Income taxes payable and receivable | (1,354) | 4,418 |
| Deferred revenue | 7,579 | 7,290 |
| Net cash (used in) provided by operating activities attributable to continuing operations | (2,691) | 60,155 |
| Cash flows from investing activities attributable to continuing operations: | ||
| Capital expenditures | (9,111) | (6,360) |
| Distribution of Angi Inc.'s cash in the spin-off | (386,563) | — |
| Net proceeds from the sales of investments and businesses | 9,856 | 162,179 |
| Proceeds from the sale of a portion of the retirement investment fund | 8,485 | — |
| Net proceeds from sales of fixed assets | 249 | 12,753 |
| Proceeds from maturities of marketable debt securities | — | 262,500 |
| Purchases of marketable debt securities | — | (197,117) |
| Net collections of notes receivable | — | 10,083 |
| Other, net | 2,663 | — |
| Net cash (used in) provided by investing activities attributable to continuing operations | (374,421) | 244,038 |
| Cash flows from financing activities attributable to continuing operations: | ||
| Principal payments on the Term Loans | (1,425,773) | (15,000) |
| Net proceeds from lenders from the Term Loans refinancing | 991,451 | — |
| Proceeds from the issuance of the 2032 Notes | 400,000 | — |
| Debt issuance costs paid to third parties and deferred financing costs | (9,916) | — |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | (54,705) | (8,928) |
| Purchases of treasury stock | (200,000) | — |
| Other, net | 249 | (170) |
| Net cash used in financing activities attributable to continuing operations | (298,694) | (24,098) |
| Total cash (used in) provided by continuing operations | (675,806) | 280,095 |
| Net cash (used in) provided by operating activities attributable to discontinued operations | (2,758) | 88,922 |
| Net cash used in investing activities attributable to discontinued operations | (12,499) | (25,438) |
| Net cash used in financing activities attributable to discontinued operations | (14,343) | (22,944) |
| Total cash (used in) provided by discontinued operations | (29,600) | 40,540 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 1,610 | (875) |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (703,796) | 319,760 |
| Cash and cash equivalents and restricted cash at beginning of period | 1,807,255 | 1,306,241 |
| Cash and cash equivalents and restricted cash at end of period | $1,103,459 | $1,626,001 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.