IAC (IAC) Financials

$36.51 -0.65 (-1.75%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$36.51 0.00 (-0.01%)

As of 05/28/2025 04:10 PM Eastern

Annual Income Statements for IAC

This table shows IAC's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	551	652	362	278	162	454	627	305	-41	119
Consolidated Net Income / (Loss)	551	651	360	277	222	567	758	358	-16	113
Net Income / (Loss) Continuing Operations	551	651	362	276	588	517	451	358	-16	113
Total Pre-Tax Income	704	777	377	256	631	532	462	67	-81	143
Total Operating Income	823	917	515	852	746	645	549	188	-33	180
Total Gross Profit	2,488	2,410	2,229	2,144	1,755	1,524	1,320	2,656	2,384	2,453
Total Revenue	3,479	3,365	3,189	2,983	2,391	2,051	1,730	3,307	3,140	3,231
Operating Revenue	3,479	3,365	3,189	2,983	2,391	2,051	1,730	3,307	3,140	3,231
Total Cost of Revenue	991	954	960	839	636	527	410	651	756	778
Operating Cost of Revenue	991	954	960	839	636	527	410	651	756	778
Total Operating Expenses	1,665	1,494	1,714	1,292	1,010	879	770	2,468	2,417	2,273
Selling, General & Admin Expense	439	414	436	415	311	256	182	719	530	512
Marketing Expense	622	586	535	566	480	427	420	1,381	1,247	1,348
Research & Development Expense	442	384	334	241	170	152	132	251	213	197
Depreciation Expense	87	62	44	41	41	34	35	74	72	62
Amortization Expense	74	48	366	29	7.53	8.73	1.32	42	79	140
Total Other Income / (Expense), net	-119	-140	-138	-596	-115	-113	-87	-122	-48	-37
Interest Expense	160	160	146	130	131	111	95	105	109	74
Other Income / (Expense), net	41	20	8.03	-465	16	-2.03	7.51	-16	61	37
Income Tax Expense	153	125	15	-20	43	15	11	-291	-65	30
Net Income / (Loss) Discontinued Operations	0.00	0.00	-2.21	0.51	-366	49	307	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.04	-0.07	-2.03	-1.17	59	113	131	53	25	-6.10
Basic Earnings per Share	$2.12	$2.36	$1.28	$1.01	$0.73	$2.50	$3.48	$3.81	($0.52)	$1.44
Weighted Average Basic Shares Outstanding	250.43M	268.01M	279.32M	285.15M	268.97M	84.76M	83.41M	80.09M	80.05M	82.94M
Diluted Earnings per Share	$2.02	$2.26	$1.24	$0.93	$0.66	$2.15	$3.05	$3.18	($0.52)	$1.33
Weighted Average Diluted Shares Outstanding	250.43M	268.01M	279.32M	285.15M	268.97M	84.76M	83.41M	80.09M	80.05M	82.94M
Weighted Average Basic & Diluted Shares Outstanding	250.43M	268.01M	279.32M	285.15M	268.97M	84.76M	83.41M	80.09M	80.05M	82.94M
Cash Dividends to Common per Share	$0.19	-	-	-	-	-	-	$0.00	$0.00	$1.36

This table shows IAC's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	118	158	136	133	123	230	164	137	121	955	129
Consolidated Net Income / (Loss)	118	158	136	133	123	230	164	137	121	954	128
Net Income / (Loss) Continuing Operations	118	158	136	133	123	230	164	137	121	86	128
Total Pre-Tax Income	140	198	178	175	154	225	211	178	162	939	176
Total Operating Income	173	223	211	205	185	260	244	215	198	977	211
Total Gross Profit	594	624	642	619	603	658	626	579	547	1,349	563
Total Revenue	831	860	895	864	860	866	882	830	787	1,585	810
Operating Revenue	831	860	895	864	860	866	882	830	787	-	810
Total Cost of Revenue	237	236	253	245	257	208	256	250	240	236	247
Operating Cost of Revenue	237	236	253	245	257	208	256	250	240	236	247
Total Operating Expenses	422	400	432	415	418	398	382	364	349	372	352
Selling, General & Admin Expense	112	114	104	114	106	108	107	108	91	110	114
Marketing Expense	157	146	157	155	165	159	153	137	137	127	130
Research & Development Expense	121	109	104	114	116	98	94	94	98	81	88
Depreciation Expense	22	21	25	21	21	19	17	15	11	11	11
Amortization Expense	10	11	42	11	10	14	10	11	12	-	9.61
Total Other Income / (Expense), net	-33	-26	-33	-30	-31	-35	-32	-36	-36	-39	-34
Interest Expense	35	40	40	40	40	40	40	40	39	38	37
Other Income / (Expense), net	2.62	14	7.10	11	9.47	5.04	7.91	3.43	3.39	-0.40	2.33
Income Tax Expense	22	39	41	42	31	-4.80	47	41	42	-18	48
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.02	0.01	0.01	0.04	0.02	0.03	0.00	-0.12	-1.16	-0.43
Basic Earnings per Share	$0.47	$0.63	$0.53	$0.50	$0.46	$0.85	$0.59	$0.49	$0.43	$0.30	$0.46
Weighted Average Basic Shares Outstanding	245.23M	250.43M	251.09M	257.90M	265.67M	268.01M	271.81M	278.09M	278.46M	279.32M	279.31M
Diluted Earnings per Share	$0.44	$0.59	$0.51	$0.48	$0.44	$0.79	$0.57	$0.48	$0.42	$0.31	$0.44
Weighted Average Diluted Shares Outstanding	245.23M	250.43M	251.09M	257.90M	265.67M	268.01M	271.81M	278.09M	278.46M	279.32M	279.31M
Weighted Average Basic & Diluted Shares Outstanding	245.23M	250.43M	251.09M	257.90M	265.67M	268.01M	271.81M	278.09M	278.46M	279.32M	279.31M
Cash Dividends to Common per Share	$0.19	-	-	-	-	-	-	-	-	-	-

This table details how cash moves in and out of IAC's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	104	290	-243	76	-2,406	1,007	629	262	-9.54	491
Net Cash From Operating Activities	933	897	526	912	789	648	988	417	102	406
Net Cash From Continuing Operating Activities	933	897	526	912	789	648	611	417	102	406
Net Income / (Loss) Continuing Operations	551	651	362	276	588	517	451	358	-16	113
Consolidated Net Income / (Loss)	551	651	360	277	222	567	451	358	-16	113
Net Income / (Loss) Discontinued Operations	0.00	0.00	-2.21	0.51	-366	49	-	-	-	-
Depreciation Expense	87	62	44	41	41	34	35	74	72	62
Amortization Expense	74	48	366	29	7.53	8.73	14	42	79	140
Non-Cash Adjustments To Reconcile Net Income	267	232	204	147	102	90	66	323	105	116
Changes in Operating Assets and Liabilities, net	-48	-96	-450	420	50	-2.16	45	-380	-115	-26
Net Cash From Investing Activities	-59	-77	-72	-940	-3,922	-42	-173	42	-98	-583
Net Cash From Continuing Investing Activities	-59	-77	-72	-940	-3,922	-42	-38	42	-98	-583
Purchase of Property, Plant & Equipment	-51	-67	-49	-80	-42	-39	-31	-76	-	-62
Other Investing Activities, net	-7.96	-9.17	-23	0.05	-3,871	1.06	-4.14	2.99	-11	-3.54
Net Cash From Financing Activities	-758	-534	-689	111	1,788	654	-313	-197	-13	678
Net Cash From Continuing Financing Activities	-758	-534	-689	111	1,788	654	-199	-197	-13	678
Repayment of Debt	-6.48	0.02	-176	-638	-449	-328	-2.50	-947	-2.71	-126
Repurchase of Common Equity	-753	-546	-490	-882	-133	-216	-133	-56	-	-223
Payment of Dividends	-1.29	-1.87	-11	-1.47	-16	-1.65	-115	-20	2.74	-145
Issuance of Common Equity	14	20	20	58	1,577	167	0.01	167	0.00	429
Other Financing Activities, net	-11	-5.93	-33	1,074	-212	-507	-208	-658	-	-44
Other Net Changes in Cash	-12	-	-7.81	-	-1,061	-254	127	-	-	-

This table details how cash moves in and out of IAC's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-557	110	18	-77	52	155	-26	163	-2.52	182	-84
Net Cash From Operating Activities	193	255	265	129	284	276	291	209	120	225	280
Net Cash From Continuing Operating Activities	193	255	265	129	284	276	291	209	120	225	280
Net Income / (Loss) Continuing Operations	118	158	136	133	123	230	164	137	121	86	128
Consolidated Net Income / (Loss)	118	158	136	133	123	230	164	137	121	83	128
Depreciation Expense	22	21	25	21	21	19	17	15	11	11	11
Amortization Expense	10	11	42	11	10	14	10	11	12	114	9.61
Non-Cash Adjustments To Reconcile Net Income	70	69	64	70	64	68	62	61	42	54	53
Changes in Operating Assets and Liabilities, net	-27	-4.12	-3.42	-106	66	-55	38	-14	-65	-39	79
Net Cash From Investing Activities	-16	-7.47	-12	-13	-26	-29	-10	-18	-20	-10	-36
Net Cash From Continuing Investing Activities	-16	-7.47	-12	-13	-26	-29	-10	-18	-20	-10	-36
Purchase of Property, Plant & Equipment	-15	-7.57	-13	-13	-17	-17	-13	-18	-20	-11	-11
Other Investing Activities, net	-1.07	0.10	0.75	0.01	-8.81	-12	2.36	0.04	0.05	-25	0.83
Net Cash From Financing Activities	-740	-122	-241	-195	-200	-98	-303	-29	-105	-43	-311
Net Cash From Continuing Financing Activities	-740	-122	-241	-195	-200	-98	-303	-29	-105	-43	-311
Repayment of Debt	-425	-4.29	-0.01	-0.23	-1.95	0.02	-	-	0.00	-58	-24
Repurchase of Common Equity	-189	-122	-243	-199	-189	-101	-300	-33	-113	-	-291
Payment of Dividends	-48	-	-0.55	-	-0.74	-	-	-0.30	-1.58	-	-
Issuance of Common Equity	0.38	4.17	3.67	4.48	1.26	3.51	0.59	4.62	11	3.70	0.43
Other Financing Activities, net	-79	-0.01	-1.34	-0.50	-9.59	-	-3.35	-0.53	-2.05	12	3.24
Other Net Changes in Cash	7.10	-15	6.64	1.59	-5.95	-	-3.53	-0.40	1.82	9.69	-

This table presents IAC's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,466	4,508	4,183	5,063	3,046	8,365	6,875	5,868	4,646	5,189
Total Current Assets	1,398	1,271	882	1,218	1,020	3,708	2,763	2,125	1,843	1,945
Cash & Equivalents	966	862	572	815	739	466	2,132	1,631	1,329	1,481
Short-Term Investments	4.73	6.20	8.72	12	0.00	-	124	5.00	89	39
Accounts Receivable	325	299	192	188	137	116	279	304	220	250
Other Current Assets	102	104	109	203	144	98	228	185	204	174
Plant, Property, & Equipment, net	158	195	176	163	108	101	319	315	306	303
Total Noncurrent Assets	2,910	3,042	3,124	3,682	1,918	4,556	3,793	3,427	2,497	2,941
Goodwill	2,311	2,343	2,348	2,412	1,271	1,240	2,727	2,559	1,924	2,245
Intangible Assets	215	306	358	772	231	228	631	664	355	441
Noncurrent Deferred & Refundable Income Taxes	263	260	277	335	293	192	65	66	2.51	-
Other Noncurrent Operating Assets	121	134	141	163	124	64	135	73	92	117
Total Liabilities & Shareholders' Equity	4,466	4,508	4,183	5,063	3,046	8,365	6,875	5,868	4,646	5,189
Total Liabilities	4,529	4,527	4,542	5,258	4,459	4,422	3,257	2,878	2,602	2,942
Total Current Liabilities	549	532	556	1,168	500	1,010	884	800	713	769
Accounts Payable	18	13	14	38	29	20	75	77	63	87
Accrued Expenses	365	307	290	768	232	182	435	367	345	383
Current Deferred Revenue	166	211	253	262	239	219	360	342	286	258
Total Noncurrent Liabilities	3,980	3,995	3,985	4,090	3,959	3,412	2,374	2,078	1,889	2,174
Long-Term Debt	3,849	3,842	3,836	3,829	3,841	2,890	2,246	1,979	1,582	1,727
Noncurrent Deferred Revenue	33	25	13	14	15	30	38	26	34	34
Noncurrent Deferred & Payable Income Tax Liabilities	12	26	33	130	17	18	24	35	229	349
Other Noncurrent Operating Liabilities	86	102	104	116	86	26	67	38	44	65
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-64	-19	-359	-196	-1,413	3,898	3,552	2,947	2,011	2,216
Total Preferred & Common Equity	-64	-20	-360	-204	-1,414	2,928	2,843	2,430	1,869	1,805
Total Common Equity	-64	-20	-360	-204	-1,415	2,928	2,843	2,430	1,869	1,804
Common Stock	8,757	8,529	8,274	8,164	7,089	11,684	12,022	12,165	11,922	11,486
Retained Earnings	-6,580	-7,131	-7,783	-8,145	-8,422	1,690	1,259	595	290	331
Treasury Stock	-1,791	-1,033	-482	0.00	-	-10,310	-10,310	-10,227	-10,177	-9,861
Accumulated Other Comprehensive Income / (Loss)	-450	-385	-369	-224	-81	-136	-129	-104	-166	-152
Noncontrolling Interest	0.00	0.48	0.99	7.93	1.04	970	709	517	141	411

This table presents IAC's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	3,890	4,466	4,426	4,369	4,403	4,508	4,249	4,339	4,204	4,183	3,915
Total Current Assets	832	1,398	1,323	1,286	1,250	1,271	1,118	1,129	951	882	706
Cash & Equivalents	409	966	856	838	915	862	707	733	570	572	391
Short-Term Investments	4.75	4.73	5.32	5.81	5.94	6.20	5.94	8.35	8.45	8.72	7.68
Accounts Receivable	323	325	340	324	225	299	288	272	257	192	174
Other Current Assets	94	102	122	118	104	104	117	116	116	109	133
Plant, Property, & Equipment, net	153	158	172	181	188	195	191	191	187	176	172
Total Noncurrent Assets	2,905	2,910	2,931	2,902	2,966	3,042	2,940	3,019	3,066	3,124	3,037
Goodwill	2,313	2,311	2,320	2,255	2,286	2,343	2,268	2,303	2,317	2,348	2,190
Intangible Assets	207	215	241	276	288	306	311	326	340	358	439
Noncurrent Deferred & Refundable Income Taxes	267	263	243	235	250	260	228	248	264	277	269
Other Noncurrent Operating Assets	119	121	127	136	142	134	133	142	145	141	139
Total Liabilities & Shareholders' Equity	3,890	4,466	4,426	4,369	4,403	4,508	4,249	4,339	4,204	4,183	3,915
Total Liabilities	4,073	4,529	4,514	4,499	4,511	4,527	4,548	4,517	4,538	4,542	4,613
Total Current Liabilities	512	549	530	512	519	532	570	534	552	556	602
Accounts Payable	8.68	18	27	17	21	13	11	8.00	14	14	15
Accrued Expenses	345	365	322	308	299	307	332	282	282	290	287
Current Deferred Revenue	158	166	181	187	199	211	227	244	256	253	256
Total Noncurrent Liabilities	3,560	3,980	3,984	3,987	3,992	3,995	3,978	3,982	3,986	3,985	4,011
Long-Term Debt	3,427	3,849	3,847	3,846	3,844	3,842	3,841	3,839	3,837	3,836	3,834
Noncurrent Deferred Revenue	37	33	31	27	25	25	11	12	11	13	13
Noncurrent Deferred & Payable Income Tax Liabilities	12	12	13	17	22	26	27	29	30	33	56
Other Noncurrent Operating Liabilities	84	86	93	97	102	102	99	103	107	104	108
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-183	-64	-89	-130	-108	-19	-299	-178	-335	-359	-698
Total Preferred & Common Equity	-183	-64	-89	-130	-108	-20	-299	-178	-335	-360	-699
Total Common Equity	-183	-64	-89	-130	-108	-20	-299	-178	-335	-360	-699
Common Stock	8,704	8,757	8,730	8,663	8,586	8,529	8,455	8,393	8,326	8,274	8,216
Retained Earnings	-6,462	-6,580	-6,738	-6,875	-7,008	-7,131	-7,361	-7,524	-7,662	-7,783	-7,867
Treasury Stock	-1,987	-1,791	-1,673	-1,430	-1,231	-1,033	-931	-628	-595	-482	-482
Accumulated Other Comprehensive Income / (Loss)	-437	-450	-408	-489	-455	-385	-464	-419	-404	-369	-567
Noncontrolling Interest	0.00	0.00	0.02	0.13	0.14	0.48	0.43	0.41	0.00	0.99	0.87

This table displays calculated financial ratios and metrics derived from IAC's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.41%	5.51%	6.89%	24.76%	16.58%	18.58%	-47.70%	5.33%	-2.82%	3.90%
EBITDA Growth	-1.95%	12.15%	104.31%	-43.66%	18.04%	13.24%	110.02%	61.15%	-57.22%	-5.98%
EBIT Growth	-7.74%	79.08%	35.28%	-49.23%	18.36%	15.52%	223.35%	514.64%	-87.06%	-33.63%
NOPAT Growth	-16.16%	55.65%	-46.17%	32.14%	10.75%	17.00%	-46.81%	4,512.40%	-116.03%	-56.70%
Net Income Growth	-15.37%	81.01%	30.14%	24.79%	-60.88%	-25.24%	111.66%	2,316.63%	-114.25%	-72.30%
EPS Growth	-10.62%	82.26%	33.33%	40.91%	-69.30%	-25.24%	111.66%	711.54%	-139.10%	-71.58%
Operating Cash Flow Growth	4.01%	70.59%	-42.39%	15.72%	21.69%	-34.42%	137.13%	310.51%	-74.98%	-4.33%
Free Cash Flow Firm Growth	10.48%	40.38%	268.24%	-154.69%	-77.74%	471.97%	354.25%	-174.59%	162.35%	-870.46%
Invested Capital Growth	-4.74%	2.03%	-0.41%	72.14%	9.38%	-54.40%	3.18%	55.95%	-10.64%	27.47%
Revenue Q/Q Growth	-0.17%	-17.60%	32.31%	5.47%	45.29%	186.34%	-57.90%	4.40%	-1.18%	0.56%
EBITDA Q/Q Growth	-2.84%	-43.44%	376.30%	-45.99%	-0.82%	100.41%	-27.80%	-19.80%	80.46%	-10.78%
EBIT Q/Q Growth	-3.16%	-43.17%	180.97%	-50.93%	-0.25%	67.77%	-19.48%	-28.07%	121.03%	-38.18%
NOPAT Q/Q Growth	-11.97%	-49.09%	406.54%	22.67%	3.55%	9.37%	4.86%	50.21%	78.38%	-33.93%
Net Income Q/Q Growth	-11.47%	-52.65%	147.19%	-53.44%	0.75%	-11.07%	34.44%	-20.23%	90.01%	-46.87%
EPS Q/Q Growth	-9.01%	26.97%	145.42%	-55.71%	29.41%	-11.07%	34.44%	-30.26%	76.99%	-47.43%
Operating Cash Flow Q/Q Growth	-2.24%	6.02%	-3.72%	-2.58%	64.95%	-59.80%	31.70%	215.29%	-75.59%	29.40%
Free Cash Flow Firm Q/Q Growth	18.31%	-51.47%	-4.46%	71.15%	-78.53%	720.95%	-0.82%	57.95%	166.46%	-260.70%
Invested Capital Q/Q Growth	-2.88%	4.45%	4.10%	-16.26%	0.42%	-56.76%	2.66%	1.84%	-2.03%	23.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.51%	71.64%	69.90%	71.87%	73.41%	74.30%	76.30%	80.32%	75.93%	75.92%
EBITDA Margin	29.48%	31.10%	29.25%	15.31%	33.89%	33.47%	35.05%	8.73%	5.70%	12.96%
Operating Margin	23.66%	27.25%	16.15%	28.55%	31.18%	31.47%	31.76%	5.70%	-1.04%	5.56%
EBIT Margin	24.84%	27.84%	16.40%	12.96%	31.85%	31.37%	32.20%	5.21%	0.89%	6.70%
Profit (Net Income) Margin	15.85%	19.36%	11.29%	9.27%	9.27%	27.62%	43.80%	10.83%	-0.51%	3.51%
Tax Burden Percent	78.31%	83.87%	95.35%	107.97%	35.12%	106.41%	163.87%	534.68%	19.92%	79.34%
Interest Burden Percent	81.48%	82.93%	72.17%	66.25%	82.85%	82.75%	83.02%	38.87%	-289.33%	65.99%
Effective Tax Rate	21.69%	16.13%	4.07%	-7.77%	6.86%	2.83%	2.45%	-434.68%	0.00%	20.66%
Return on Invested Capital (ROIC)	22.35%	26.29%	17.03%	39.94%	42.96%	25.44%	16.08%	37.41%	-1.02%	6.78%
ROIC Less NNEP Spread (ROIC-NNEP)	19.16%	22.52%	12.81%	19.26%	-91.56%	30.05%	738.46%	-330.07%	6.84%	82.30%
Return on Net Nonoperating Assets (RNNOA)	-1,355.15%	-371.03%	-147.09%	-74.35%	-25.45%	-10.45%	6.86%	-23.19%	0.27%	-1.48%
Return on Equity (ROE)	-1,332.80%	-344.74%	-130.06%	-34.41%	17.52%	14.99%	22.94%	14.23%	-0.75%	5.30%
Cash Return on Invested Capital (CROIC)	27.20%	24.28%	17.43%	-13.08%	34.01%	100.16%	12.95%	-6.30%	10.21%	-17.38%
Operating Return on Assets (OROA)	19.26%	21.56%	11.31%	9.54%	13.35%	8.44%	8.74%	3.28%	0.57%	4.58%
Return on Assets (ROA)	12.29%	14.99%	7.79%	6.82%	3.88%	7.44%	11.89%	6.81%	-0.33%	2.40%
Return on Common Equity (ROCE)	-1,340.49%	-346.08%	-132.45%	-34.65%	10.48%	11.44%	18.30%	12.15%	-0.64%	4.70%
Return on Equity Simple (ROE_SIMPLE)	-866.04%	-3,332.68%	-100.01%	-135.72%	-15.67%	19.35%	26.65%	14.73%	-0.86%	6.28%
Net Operating Profit after Tax (NOPAT)	645	769	494	918	695	627	536	1,008	-23	142
NOPAT Margin	18.53%	22.86%	15.49%	30.77%	29.05%	30.58%	30.99%	30.47%	-0.73%	4.41%
Net Nonoperating Expense Percent (NNEP)	3.19%	3.77%	4.22%	20.67%	134.52%	-4.61%	-722.38%	367.48%	-7.86%	-75.52%
Return On Investment Capital (ROIC_SIMPLE)	17.03%	20.11%	14.21%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	28.49%	28.36%	30.10%	28.13%	26.59%	25.70%	23.70%	19.68%	24.07%	24.08%
SG&A Expenses to Revenue	12.61%	12.29%	13.67%	13.90%	13.01%	12.49%	10.54%	21.75%	16.89%	15.85%
R&D to Revenue	12.71%	11.42%	10.46%	8.08%	7.10%	7.41%	7.63%	7.59%	6.78%	6.09%
Operating Expenses to Revenue	47.85%	44.39%	53.75%	43.32%	42.23%	42.83%	44.53%	74.62%	76.97%	70.36%
Earnings before Interest and Taxes (EBIT)	864	937	523	387	762	643	557	172	28	217
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,026	1,046	933	457	810	687	606	289	179	419
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	2.37	1.26	1.01	0.69	0.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	4.76	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.35	2.93	3.61	12.55	16.82	3.39	2.06	0.74	0.41	0.33
Price to Earnings (P/E)	14.81	15.14	31.83	134.80	247.73	15.30	5.70	8.01	0.00	8.96
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.68%	0.00%	0.00%	0.00%
Earnings Yield	6.75%	6.61%	3.14%	0.74%	0.40%	6.53%	17.55%	12.48%	0.00%	11.16%
Enterprise Value to Invested Capital (EV/IC)	3.92	4.35	5.10	13.95	25.65	6.72	1.22	1.00	0.73	0.69
Enterprise Value to Revenue (EV/Rev)	3.17	3.82	4.63	13.59	18.11	5.06	2.38	1.00	0.49	0.50
Enterprise Value to EBITDA (EV/EBITDA)	10.77	12.27	15.84	88.81	53.45	15.13	6.79	11.42	8.52	3.87
Enterprise Value to EBIT (EV/EBIT)	12.78	13.71	28.25	104.88	56.88	16.14	7.39	19.13	54.45	7.49
Enterprise Value to NOPAT (EV/NOPAT)	17.13	16.69	29.91	44.18	62.37	16.56	7.68	3.27	0.00	11.38
Enterprise Value to Operating Cash Flow (EV/OCF)	11.84	14.32	28.11	44.44	54.93	16.03	4.16	7.91	15.03	4.00
Enterprise Value to Free Cash Flow (EV/FCFF)	14.08	18.08	29.21	0.00	78.79	4.21	9.53	0.00	6.70	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-60.46	-201.45	-10.69	-20.19	-2.72	0.73	0.62	0.67	0.78	0.79
Long-Term Debt to Equity	-60.46	-201.45	-10.69	-19.68	-2.72	0.73	0.62	0.66	0.77	0.77
Financial Leverage	-70.73	-16.48	-11.49	-3.86	0.28	-0.35	0.01	0.07	0.04	-0.02
Leverage Ratio	-108.47	-22.99	-16.71	-5.05	4.51	2.02	1.93	2.09	2.29	2.21
Compound Leverage Factor	-88.38	-19.07	-12.06	-3.34	3.74	1.67	1.60	0.81	-6.63	1.46
Debt to Total Capital	101.68%	100.50%	110.32%	105.21%	158.18%	42.29%	38.44%	40.00%	43.95%	44.03%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	2.68%	0.00%	0.00%	0.23%	0.28%	0.55%	1.00%
Long-Term Debt to Total Capital	101.68%	100.50%	110.32%	102.53%	158.18%	42.29%	38.21%	39.73%	43.40%	43.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.01%	0.03%	0.25%	0.07%	14.85%	13.18%	11.23%	4.78%	11.01%
Common Equity to Total Capital	-1.68%	-0.51%	-10.35%	-5.46%	-58.26%	42.85%	48.37%	48.76%	51.26%	44.96%
Debt to EBITDA	3.75	3.67	4.11	8.61	4.74	4.21	3.73	6.91	8.95	4.22
Net Debt to EBITDA	2.81	2.84	3.49	6.79	3.83	3.53	-0.38	1.01	0.34	0.26
Long-Term Debt to EBITDA	3.75	3.67	4.11	8.39	4.74	4.21	3.70	6.86	8.83	4.12
Debt to NOPAT	5.97	5.00	7.76	4.28	5.53	4.61	4.21	1.98	-70.17	12.40
Net Debt to NOPAT	4.46	3.87	6.59	3.38	4.47	3.86	-0.43	0.29	-2.68	0.76
Long-Term Debt to NOPAT	5.97	5.00	7.76	4.17	5.53	4.61	4.19	1.96	-69.29	12.12
Altman Z-Score	0.66	0.72	0.19	2.87	3.36	2.11	1.76	1.58	1.37	1.34
Noncontrolling Interest Sharing Ratio	-0.58%	-0.39%	-1.84%	-0.69%	40.20%	23.67%	20.20%	14.59%	14.37%	11.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.54	2.39	1.59	1.04	2.04	3.67	3.13	2.66	2.58	2.53
Quick Ratio	2.36	2.20	1.39	0.87	1.75	0.58	2.87	2.43	2.30	2.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	785	710	506	-301	550	2,469	432	-170	228	-365
Operating Cash Flow to CapEx	1,844.12%	1,330.31%	1,070.10%	1,141.04%	1,860.85%	1,660.02%	3,147.20%	551.75%	0.00%	653.79%
Free Cash Flow to Firm to Interest Expense	4.90	4.44	3.48	-2.30	4.21	22.24	4.57	-1.61	2.09	-4.96
Operating Cash Flow to Interest Expense	5.83	5.61	3.61	6.99	6.04	5.84	10.45	3.96	0.93	5.51
Operating Cash Flow Less CapEx to Interest Expense	5.51	5.19	3.27	6.38	5.71	5.49	10.12	3.24	1.65	4.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.77	0.69	0.74	0.42	0.27	0.27	0.63	0.64	0.68
Accounts Receivable Turnover	11.16	13.72	16.76	18.33	18.87	10.37	5.93	12.62	13.36	13.29
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.73	18.15	18.79	22.01	22.90	9.77	5.46	10.64	10.31	10.68
Accounts Payable Turnover	63.04	70.97	37.23	25.03	25.75	11.09	5.41	9.34	10.09	9.26
Days Sales Outstanding (DSO)	32.71	26.61	21.77	19.91	19.35	35.20	61.53	28.92	27.33	27.46
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	5.79	5.14	9.80	14.58	14.18	32.92	67.43	39.09	36.16	39.41
Cash Conversion Cycle (CCC)	26.92	21.47	11.97	5.33	5.17	2.28	-5.90	-10.16	-8.83	-11.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,815	2,955	2,896	2,908	1,689	1,544	3,386	3,282	2,105	2,355
Invested Capital Turnover	1.21	1.15	1.10	1.30	1.48	0.83	0.52	1.23	1.41	1.54
Increase / (Decrease) in Invested Capital	-140	59	-12	1,219	145	-1,842	104	1,177	-250	508
Enterprise Value (EV)	11,044	12,838	14,777	40,549	43,317	10,384	4,115	3,295	1,526	1,621
Market Capitalization	8,165	9,863	11,521	37,438	40,214	6,946	3,572	2,443	1,290	1,070
Book Value per Share	($0.25)	($0.07)	($1.29)	($0.72)	($5.32)	$34.61	$34.04	$29.64	$23.57	$21.74
Tangible Book Value per Share	($10.31)	($9.82)	($10.98)	($11.97)	($10.96)	$17.26	($6.17)	($9.67)	($5.18)	($10.63)
Total Capital	3,785	3,823	3,477	3,735	2,428	6,832	5,877	4,983	3,646	4,013
Total Debt	3,849	3,842	3,836	3,929	3,841	2,890	2,259	1,993	1,602	1,767
Total Long-Term Debt	3,849	3,842	3,836	3,829	3,841	2,890	2,246	1,979	1,582	1,727
Net Debt	2,878	2,974	3,255	3,102	3,102	2,424	-231	292	61	109
Capital Expenditures (CapEx)	51	67	49	80	42	39	31	76	-78	62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-122	-129	-255	-677	-219	2,232	-362	-297	-269	-304
Debt-free Net Working Capital (DFNWC)	848	740	326	150	520	2,698	1,893	1,339	1,149	1,216
Net Working Capital (NWC)	848	740	326	50	520	2,698	1,879	1,325	1,129	1,176
Net Nonoperating Expense (NNE)	93	118	134	641	473	61	-222	650	-6.69	29
Net Nonoperating Obligations (NNO)	2,878	2,974	3,255	3,102	3,102	-2,399	-231	292	61	109
Total Depreciation and Amortization (D&A)	162	110	410	70	49	43	49	116	151	202
Debt-free, Cash-free Net Working Capital to Revenue	-3.52%	-3.84%	-8.00%	-22.70%	-9.16%	108.82%	-20.95%	-8.97%	-8.57%	-9.41%
Debt-free Net Working Capital to Revenue	24.38%	21.98%	10.22%	5.02%	21.75%	131.52%	109.43%	40.49%	36.60%	37.65%
Net Working Capital to Revenue	24.38%	21.98%	10.22%	1.67%	21.75%	131.52%	108.63%	40.08%	35.97%	36.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.12	$2.36	$1.28	$1.01	$0.58	$3.86	$5.67	$2.88	($0.39)	$1.09
Adjusted Weighted Average Basic Shares Outstanding	250.43M	268.01M	279.32M	285.15M	268.97M	112.32M	111.02M	109.53M	103.01M	110.07M
Adjusted Diluted Earnings per Share	$2.02	$2.26	$1.24	$0.93	$0.49	$3.40	$4.97	$2.40	($0.39)	$1.00
Adjusted Weighted Average Diluted Shares Outstanding	250.43M	268.01M	279.32M	285.15M	268.97M	112.32M	111.02M	109.53M	103.01M	110.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	250.43M	268.01M	279.32M	285.15M	268.97M	112.32M	111.02M	109.53M	103.01M	110.07M
Normalized Net Operating Profit after Tax (NOPAT)	645	769	494	596	695	627	536	132	170	154
Normalized NOPAT Margin	18.53%	22.86%	15.49%	19.98%	29.05%	30.58%	30.99%	3.99%	5.41%	4.76%
Pre Tax Income Margin	20.24%	23.09%	11.84%	8.59%	26.39%	25.96%	26.73%	2.02%	-2.58%	4.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.40	5.86	3.59	2.96	5.83	5.80	5.89	1.64	0.26	2.94
NOPAT to Interest Expense	4.03	4.81	3.39	7.03	5.32	5.65	5.67	9.57	-0.21	1.94
EBIT Less CapEx to Interest Expense	5.08	5.44	3.26	2.35	5.51	5.44	5.56	0.92	0.97	2.10
NOPAT Less CapEx to Interest Expense	3.71	4.39	3.06	6.42	4.99	5.30	5.34	8.85	0.51	1.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.23%	0.29%	2.93%	0.53%	7.14%	0.29%	15.19%	5.64%	16.96%	128.25%
Augmented Payout Ratio	136.76%	84.13%	138.94%	319.53%	67.10%	38.48%	32.80%	21.40%	16.96%	325.33%

This table displays calculated financial ratios and metrics derived from IAC's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.31%	-0.70%	1.57%	4.16%	9.21%	-45.34%	8.90%	4.41%	0.00%	96.61%	0.96%
EBITDA Growth	-7.86%	-10.06%	2.11%	1.22%	0.33%	-72.92%	19.73%	3.33%	135.13%	754.39%	12.93%
EBIT Growth	-9.78%	-10.63%	-13.40%	-1.46%	-3.70%	-72.84%	18.08%	4,655.91%	130.47%	608.11%	17.41%
NOPAT Growth	-2.01%	-32.66%	-14.34%	-5.74%	0.37%	-73.30%	23.19%	2,442.25%	131.78%	513.21%	-20.57%
Net Income Growth	-4.60%	-31.09%	-16.66%	-2.93%	2.11%	-75.92%	27.67%	524.36%	117.49%	665.38%	-2.01%
EPS Growth	0.00%	-25.32%	-10.53%	0.00%	4.76%	154.84%	29.55%	536.36%	-30.00%	152.54%	2.33%
Operating Cash Flow Growth	-32.03%	-7.75%	-8.89%	-38.44%	135.99%	22.59%	3.68%	198.55%	-48.22%	-8.28%	-11.27%
Free Cash Flow Firm Growth	-49.40%	54.06%	-34.63%	-3.13%	168.83%	-79.45%	-83.20%	-56.88%	106.16%	195.37%	152.84%
Invested Capital Growth	0.53%	-4.74%	2.44%	-1.67%	-3.73%	2.03%	1.70%	-1.54%	1.80%	-0.41%	-19.89%
Revenue Q/Q Growth	-3.37%	-3.94%	3.64%	0.51%	-48.01%	-1.74%	6.27%	5.39%	-50.33%	95.76%	1.89%
EBITDA Q/Q Growth	-22.74%	-5.86%	15.40%	9.77%	-80.54%	6.88%	14.40%	8.81%	-79.64%	372.51%	-1.27%
EBIT Q/Q Growth	-26.10%	8.88%	1.26%	10.73%	-82.71%	5.50%	15.23%	8.20%	-79.35%	358.66%	4,545.95%
NOPAT Q/Q Growth	-18.99%	10.59%	3.88%	5.30%	-86.83%	40.68%	14.32%	12.11%	-85.19%	549.04%	2,273.53%
Net Income Q/Q Growth	-25.72%	15.97%	2.37%	8.18%	-88.67%	40.26%	19.23%	13.80%	-87.35%	643.72%	496.31%
EPS Q/Q Growth	-25.42%	15.69%	6.25%	9.09%	-44.30%	38.60%	18.75%	14.29%	35.48%	-29.55%	500.00%
Operating Cash Flow Q/Q Growth	-24.18%	-3.86%	105.44%	-54.61%	2.89%	-5.05%	38.82%	74.00%	-46.55%	-19.70%	231.96%
Free Cash Flow Firm Q/Q Growth	-59.21%	244.04%	-54.66%	-20.47%	-75.85%	45.98%	-32.82%	120.71%	-90.51%	19.35%	72.45%
Invested Capital Q/Q Growth	0.56%	-2.88%	0.91%	2.01%	-4.71%	4.45%	-3.14%	-0.14%	0.99%	4.10%	-6.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.50%	72.52%	71.73%	71.65%	70.13%	75.97%	71.01%	69.83%	69.51%	85.11%	69.49%
EBITDA Margin	24.95%	31.21%	31.84%	28.60%	26.19%	34.46%	31.68%	29.43%	28.50%	69.54%	28.81%
Operating Margin	20.76%	25.97%	23.52%	23.67%	21.49%	30.04%	27.63%	25.89%	25.19%	61.66%	26.02%
EBIT Margin	21.08%	27.56%	24.32%	24.89%	22.59%	30.63%	28.52%	26.31%	25.62%	61.63%	26.31%
Profit (Net Income) Margin	14.15%	18.40%	15.24%	15.43%	14.34%	26.52%	18.57%	16.56%	15.33%	60.19%	15.84%
Tax Burden Percent	84.01%	80.12%	76.83%	76.18%	80.10%	102.13%	77.58%	76.95%	74.35%	101.64%	72.82%
Interest Burden Percent	79.88%	83.32%	81.58%	81.38%	79.22%	84.77%	83.94%	81.79%	80.49%	96.09%	82.71%
Effective Tax Rate	15.99%	19.88%	23.17%	23.82%	19.90%	-2.13%	22.42%	23.05%	25.65%	-1.88%	27.18%
Return on Invested Capital (ROIC)	21.33%	25.10%	22.00%	21.61%	20.61%	35.29%	31.20%	27.15%	25.69%	69.03%	14.60%
ROIC Less NNEP Spread (ROIC-NNEP)	20.40%	24.39%	21.17%	20.88%	19.81%	34.13%	30.43%	26.29%	24.84%	67.73%	13.89%
Return on Net Nonoperating Assets (RNNOA)	-417.05%	-1,725.28%	-334.03%	-413.96%	-277.00%	-562.49%	-201.61%	-272.14%	-340.38%	-777.86%	-128.47%
Return on Equity (ROE)	-395.72%	-1,700.18%	-312.03%	-392.34%	-256.39%	-527.20%	-170.41%	-244.99%	-314.69%	-708.82%	-113.87%
Cash Return on Invested Capital (CROIC)	22.19%	27.20%	23.16%	27.89%	30.60%	24.28%	52.17%	51.72%	43.23%	17.43%	16.93%
Operating Return on Assets (OROA)	17.54%	21.38%	19.54%	19.84%	18.04%	23.71%	28.53%	24.73%	22.03%	42.51%	14.40%
Return on Assets (ROA)	11.77%	14.27%	12.25%	12.30%	11.45%	20.53%	18.58%	15.57%	13.19%	41.52%	8.67%
Return on Common Equity (ROCE)	-395.91%	-1,709.98%	-312.39%	-393.03%	-256.47%	-529.25%	-170.63%	-245.48%	-315.35%	-721.86%	-115.33%
Return on Equity Simple (ROE_SIMPLE)	-298.64%	0.00%	-703.43%	-499.07%	-606.64%	0.00%	-459.44%	-753.25%	-349.92%	0.00%	109.07%
Net Operating Profit after Tax (NOPAT)	145	179	162	156	148	266	189	165	147	995	153
NOPAT Margin	17.44%	20.81%	18.07%	18.03%	17.21%	30.69%	21.43%	19.92%	18.73%	62.82%	18.95%
Net Nonoperating Expense Percent (NNEP)	0.92%	0.71%	0.83%	0.74%	0.80%	1.16%	0.76%	0.86%	0.86%	1.31%	0.72%
Return On Investment Capital (ROIC_SIMPLE)	4.47%	4.73%	-	-	-	6.95%	-	-	-	28.63%	-
Cost of Revenue to Revenue	28.50%	27.48%	28.27%	28.35%	29.87%	24.03%	28.99%	30.17%	30.49%	14.89%	30.51%
SG&A Expenses to Revenue	13.42%	13.30%	11.61%	13.23%	12.36%	12.49%	12.15%	12.98%	11.51%	6.96%	14.10%
R&D to Revenue	14.54%	12.69%	11.58%	13.14%	13.46%	11.26%	10.68%	11.37%	12.47%	5.08%	10.86%
Operating Expenses to Revenue	50.73%	46.55%	48.21%	47.98%	48.64%	45.93%	43.38%	43.93%	44.32%	23.45%	43.47%
Earnings before Interest and Taxes (EBIT)	175	237	218	215	194	265	251	218	202	977	213
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	207	268	285	247	225	298	279	244	224	1,102	233
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.25	2.35	2.80	2.32	2.87	2.93	2.67	2.91	2.70	3.61	5.61
Price to Earnings (P/E)	14.23	14.81	15.67	12.42	15.08	15.14	7.91	8.68	9.14	31.83	0.00
Dividend Yield	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.03%	6.75%	6.38%	8.05%	6.63%	6.61%	12.64%	11.52%	10.94%	3.14%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.81	3.92	4.40	3.86	4.54	4.35	4.96	5.05	4.78	5.10	6.11
Enterprise Value to Revenue (EV/Rev)	3.12	3.17	3.66	3.19	3.72	3.82	3.43	3.68	3.52	4.63	7.05
Enterprise Value to EBITDA (EV/EBITDA)	10.69	10.77	12.07	10.55	12.21	12.27	7.58	8.18	7.79	15.84	0.00
Enterprise Value to EBIT (EV/EBIT)	12.75	12.78	14.28	11.96	13.76	13.71	8.51	9.16	10.08	28.25	0.00
Enterprise Value to NOPAT (EV/NOPAT)	16.81	17.13	17.40	14.59	16.63	16.69	9.28	9.99	10.71	29.91	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.81	11.84	13.36	11.30	12.06	14.32	16.58	17.65	33.81	28.11	31.12
Enterprise Value to Free Cash Flow (EV/FCFF)	17.21	14.08	19.22	13.71	14.56	18.08	9.58	9.69	11.16	29.21	32.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-18.76	-60.46	-43.47	-29.56	-35.70	-201.45	-12.84	-21.63	-11.47	-10.69	-5.55
Long-Term Debt to Equity	-18.76	-60.46	-43.47	-29.56	-35.70	-201.45	-12.84	-21.63	-11.47	-10.69	-5.49
Financial Leverage	-20.44	-70.73	-15.78	-19.83	-13.98	-16.48	-6.62	-10.35	-13.70	-11.49	-9.25
Leverage Ratio	-28.56	-108.47	-22.39	-28.31	-19.47	-22.99	-8.18	-13.55	-20.27	-16.71	-11.62
Compound Leverage Factor	-22.81	-90.37	-18.26	-23.04	-15.42	-19.49	-6.87	-11.08	-16.31	-16.05	-9.61
Debt to Total Capital	105.63%	101.68%	102.35%	103.50%	102.88%	100.50%	108.44%	104.85%	109.55%	110.32%	121.96%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%
Long-Term Debt to Total Capital	105.63%	101.68%	102.35%	103.50%	102.88%	100.50%	108.44%	104.85%	109.55%	110.32%	120.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.00%	0.03%	0.03%
Common Equity to Total Capital	-5.63%	-1.68%	-2.36%	-3.51%	-2.89%	-0.51%	-8.45%	-4.86%	-9.55%	-10.35%	-21.99%
Debt to EBITDA	3.40	3.75	3.64	3.66	3.67	3.67	2.08	2.13	2.14	4.11	-11.49
Net Debt to EBITDA	2.99	2.81	2.83	2.86	2.79	2.84	1.69	1.72	1.81	3.49	-10.31
Long-Term Debt to EBITDA	3.40	3.75	3.64	3.66	3.67	3.67	2.08	2.13	2.14	4.11	-11.36
Debt to NOPAT	5.34	5.97	5.25	5.07	5.00	5.00	2.54	2.60	2.94	7.76	-24.06
Net Debt to NOPAT	4.70	4.46	4.08	3.96	3.80	3.87	2.07	2.10	2.50	6.59	-21.59
Long-Term Debt to NOPAT	5.34	5.97	5.25	5.07	5.00	5.00	2.54	2.60	2.94	7.76	-23.79
Altman Z-Score	-0.05	0.20	0.33	0.04	0.21	0.23	0.32	0.38	0.08	0.54	-0.23
Noncontrolling Interest Sharing Ratio	-0.05%	-0.58%	-0.12%	-0.18%	-0.03%	-0.39%	-0.13%	-0.20%	-0.21%	-1.84%	-1.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.62	2.54	2.49	2.51	2.41	2.39	1.96	2.11	1.72	1.59	1.17
Quick Ratio	1.44	2.36	2.26	2.28	2.21	2.20	1.76	1.90	1.51	1.39	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	130	319	93	204	257	207	142	211	96	1,007	844
Operating Cash Flow to CapEx	1,251.81%	3,366.06%	2,021.52%	1,017.80%	1,648.50%	1,587.62%	2,314.79%	1,189.27%	606.70%	2,094.84%	2,534.22%
Free Cash Flow to Firm to Interest Expense	3.69	8.06	2.31	5.11	6.37	5.12	3.51	5.31	2.43	26.36	22.93
Operating Cash Flow to Interest Expense	5.48	6.44	6.60	3.22	7.04	6.83	7.20	5.27	3.06	5.89	7.62
Operating Cash Flow Less CapEx to Interest Expense	5.04	6.25	6.28	2.90	6.61	6.40	6.89	4.83	2.56	5.61	7.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.78	0.80	0.80	0.80	0.77	1.00	0.94	0.86	0.69	0.55
Accounts Receivable Turnover	12.58	11.16	11.10	11.64	14.26	13.72	17.66	17.65	18.18	16.76	13.52
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.26	19.73	19.21	18.65	18.33	18.15	22.50	22.29	22.40	18.79	15.17
Accounts Payable Turnover	65.03	63.04	49.79	76.54	54.56	70.97	75.23	83.88	52.93	37.23	42.58
Days Sales Outstanding (DSO)	29.01	32.71	32.89	31.36	25.59	26.61	20.67	20.69	20.08	21.77	27.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	5.61	5.79	7.33	4.77	6.69	5.14	4.85	4.35	6.90	9.80	8.57
Cash Conversion Cycle (CCC)	23.39	26.92	25.56	26.59	18.90	21.47	15.82	16.33	13.18	11.97	18.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,830	2,815	2,898	2,872	2,815	2,955	2,829	2,921	2,924	2,896	2,782
Invested Capital Turnover	1.22	1.21	1.22	1.20	1.20	1.15	1.46	1.36	1.37	1.10	0.77
Increase / (Decrease) in Invested Capital	15	-140	69	-49	-109	59	47	-46	52	-12	-691
Enterprise Value (EV)	10,779	11,044	12,745	11,073	12,784	12,838	14,022	14,752	13,982	14,777	16,994
Market Capitalization	7,766	8,165	9,759	8,071	9,861	9,863	10,894	11,654	10,723	11,521	13,513
Book Value per Share	($0.73)	($0.25)	($0.34)	($0.49)	($0.41)	($0.07)	($1.08)	($0.64)	($1.20)	($1.29)	($2.47)
Tangible Book Value per Share	($10.79)	($10.31)	($10.27)	($10.02)	($10.09)	($9.82)	($10.35)	($10.08)	($10.71)	($10.98)	($11.76)
Total Capital	3,244	3,785	3,759	3,715	3,736	3,823	3,542	3,661	3,503	3,477	3,180
Total Debt	3,427	3,849	3,847	3,846	3,844	3,842	3,841	3,839	3,837	3,836	3,878
Total Long-Term Debt	3,427	3,849	3,847	3,846	3,844	3,842	3,841	3,839	3,837	3,836	3,834
Net Debt	3,013	2,878	2,986	3,002	2,923	2,974	3,128	3,098	3,259	3,255	3,480
Capital Expenditures (CapEx)	15	7.57	13	13	17	17	13	18	20	11	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-95	-122	-68	-70	-190	-129	-165	-146	-180	-255	-250
Debt-free Net Working Capital (DFNWC)	319	848	792	774	731	740	548	595	399	326	148
Net Working Capital (NWC)	319	848	792	774	731	740	548	595	399	326	104
Net Nonoperating Expense (NNE)	27	21	25	22	25	36	25	28	27	42	25
Net Nonoperating Obligations (NNO)	3,013	2,878	2,986	3,002	2,923	2,974	3,128	3,098	3,259	3,255	3,480
Total Depreciation and Amortization (D&A)	32	31	67	32	31	33	28	26	23	125	20
Debt-free, Cash-free Net Working Capital to Revenue	-2.75%	-3.52%	-1.96%	-2.02%	-5.52%	-3.84%	-4.03%	-3.64%	-4.52%	-8.00%	-10.38%
Debt-free Net Working Capital to Revenue	9.26%	24.38%	22.74%	22.28%	21.27%	21.98%	13.42%	14.83%	10.02%	10.22%	6.14%
Net Working Capital to Revenue	9.26%	24.38%	22.74%	22.28%	21.27%	21.98%	13.42%	14.83%	10.02%	10.22%	4.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.47	$0.63	$0.53	$0.50	$0.46	$0.85	$0.59	$0.49	$0.43	$0.30	$0.46
Adjusted Weighted Average Basic Shares Outstanding	245.23M	250.43M	251.09M	257.90M	265.67M	268.01M	271.81M	278.09M	278.46M	279.32M	279.31M
Adjusted Diluted Earnings per Share	$0.44	$0.59	$0.51	$0.48	$0.44	$0.79	$0.57	$0.48	$0.42	$0.31	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	245.23M	250.43M	251.09M	257.90M	265.67M	268.01M	271.81M	278.09M	278.46M	279.32M	279.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	245.23M	250.43M	251.09M	257.90M	265.67M	268.01M	271.81M	278.09M	278.46M	279.32M	279.31M
Normalized Net Operating Profit after Tax (NOPAT)	145	179	162	156	148	182	189	165	147	684	153
Normalized NOPAT Margin	17.44%	20.81%	18.07%	18.03%	17.21%	21.03%	21.43%	19.92%	18.73%	43.16%	18.95%
Pre Tax Income Margin	16.84%	22.97%	19.84%	20.25%	17.90%	25.96%	23.94%	21.52%	20.62%	59.22%	21.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.97	5.99	5.43	5.37	4.81	6.56	6.23	5.49	5.13	25.56	5.78
NOPAT to Interest Expense	4.11	4.52	4.03	3.89	3.67	6.58	4.68	4.16	3.75	26.05	4.17
EBIT Less CapEx to Interest Expense	4.53	5.80	5.10	5.05	4.39	6.13	5.92	5.05	4.62	25.28	5.48
NOPAT Less CapEx to Interest Expense	3.68	4.33	3.71	3.57	3.24	6.15	4.37	3.72	3.24	25.77	3.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.88%	0.23%	0.21%	0.11%	0.16%	0.29%	0.14%	0.14%	0.15%	2.93%	-1.38%
Augmented Payout Ratio	146.83%	136.76%	117.71%	121.42%	95.31%	84.13%	32.49%	32.68%	51.59%	138.94%	-181.22%

Frequently Asked Questions About IAC's Financials

When does IAC's financial year end?

According to the most recent income statement we have on file, IAC's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has IAC's net income changed over the last 9 years?

IAC's net income appears to be on an upward trend, with a most recent value of $551.31 million in 2024, rising from $113.37 million in 2015. The previous period was $651.47 million in 2023. Check out IAC's forecast to explore projected trends and price targets.

What is IAC's operating income?

IAC's total operating income in 2024 was $823.31 million, based on the following breakdown:

Total Gross Profit: $2.49 billion
Total Operating Expenses: $1.66 billion

How has IAC revenue changed over the last 9 years?

Over the last 9 years, IAC's total revenue changed from $3.23 billion in 2015 to $3.48 billion in 2024, a change of 7.7%.

How much debt does IAC have?

IAC's total liabilities were at $4.53 billion at the end of 2024, a 0.1% increase from 2023, and a 53.9% increase since 2015.

How much cash does IAC have?

In the past 9 years, IAC's cash and equivalents has ranged from $465.68 million in 2019 to $2.13 billion in 2018, and is currently $965.99 million as of their latest financial filing in 2024.

How has IAC's book value per share changed over the last 9 years?

Over the last 9 years, IAC's book value per share changed from 21.74 in 2015 to -0.25 in 2024, a change of -101.2%.

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This page (NASDAQ:IAC) was last updated on 5/29/2025 by MarketBeat.com Staff

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IAC (IAC) Financials

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IAC (IAC) Financials

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