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IAC Inc. (IAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K
Revenues:  
    ANGI Homeservices     1,132.2
    Emerging & Other  19.0303.527.914.4
    All other countries  515.0455.0512.3581.1
    Other  3,165.62,006.01,969.8805.3
Total revenues  3,699.62,764.52,510.02,533.0
            Revenue growth   [+]33.8%10.1%-0.9% 
Cost of goods sold  1,307.0750.7547.7501.2
Gross profit  2,392.72,013.91,962.32,031.9
            Gross margin  64.7%72.8%78.2%80.2%
Selling, general and administrative   [+]2,159.71,910.71,690.91,669.3
Research and development  220.1180.0132.6177.3
Other operating expenses     -121.3
EBITDA   [+]12.8-76.9138.7306.6
            EBITDA margin  0.3%-2.8%5.5%12.1%
Depreciation  75.068.855.542.4
EBITA  -62.2-145.783.3264.2
            EBITA margin  -1.7%-5.3%3.3%10.4%
Amortization of intangibles  74.8126.874.2107.1
EBIT   [+]-137.1-272.59.1157.1
            EBIT margin  -3.7%-9.9%0.4%6.2%
Non-recurring items   [+] 265.13.3121.3
Interest expense, net   [+]32.99.0-3.33.9
Other income (expense), net  899.8790.825.3273.7
Pre-tax income  729.8244.234.3305.6
Income taxes  139.0-45.7-47.313.2
            Tax rate  19.0%  4.3%
Minority interest  -8.6-1.19.3-45.6
Earnings from continuing ops  1,190.2580.9154.0246.8
Earnings from discontinued ops  -1.8-21.3-49.5 
Net income  1,188.4559.6104.6246.8
            Net margin  32.1%20.2%4.2%9.7%
   
Basic EPS   [+]$13.80$6.81$1.81$2.90
Diluted EPS   [+]$12.96$6.39$1.81$2.90
   
Shares outstanding (basic)   [+]86.285.485.185.1
Shares outstanding (diluted)   [+]91.890.985.185.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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