Company: MTCH
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000891103-25-000124
Chunk: 21

Company: Match Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 thousands)Net earnings$243,049 $256,554 Adjustments to reconcile net earnings to net cash provided by operating activities:Stock-based compensation expense137,861 133,687 Depreciation39,790 41,613 Amortization of intangibles20,976 21,319 Deferred income taxes(7,908)16,964 Other adjustments, net15,721 (109)Changes in assets and liabilitiesAccounts receivable(12,739)(28,670)Other assets32,304 2,410 Accounts payable and other liabilities(19,438)3,118 Income taxes payable and receivable(6,071)(11,690)Deferred revenue(6,586)(22,128)Net cash provided by operating activities436,959 413,068 Cash flows from investing activities:Capital expenditures(28,297)(29,905)Other, net(25,976)(8,807)Net cash used in investing activities(54,273)(38,712)Cash flows from financing activities:  Principal payments on Term Loan(425,000)— Proceeds from issuance of common stock pursuant to stock-based awards3,598 5,739 Withholding taxes paid on behalf of employees on net settled stock-based awards(89,921)(10,095)Purchase of treasury stock(419,676)(387,366)Dividends(94,968)— Purchase of noncontrolling interests(84)(737)Other, net(6,225)(2,184)Net cash used in financing activities(1,032,276)(394,643)Total cash used(649,590)(20,287)Effect of exchange rate changes on cash and cash equivalents18,840 (4,361)Net decrease in cash and cash equivalents(630,750)(24,648)Cash and cash equivalents at beginning of period965,993 862,440 Cash and cash equivalents at end of period$335,243 $837,792 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

10

MATCH GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESMatch Group, Inc., through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global portfolio of