Company: MTCH
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000891103-25-000124
Chunk: 101

Company: Match Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 101
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:Six Months Ended June 30,20252024(In thousands)Net cash provided by operating activities$436,959 $413,068 Net cash used in investing activities(54,273)(38,712)Net cash used in financing activities(1,032,276)(394,643)

2025

Net cash provided by operating activities in 2025 includes adjustments to earnings of $137.9 million of stock-based compensation expense, $39.8 million of depreciation, and $21.0 million of amortization of intangibles. The decrease in cash from changes in working capital primarily consists of a decrease in accounts payable and other liabilities of $19.4 million, primarily related to the timing of payments, a decrease in net income taxes payable of $6.1 million due to timing of payments, and a decrease in deferred revenue of $6.6 million; partially offset by a decrease in other assets of $32.3 million.

Net cash used in investing activities in 2025 consists primarily of capital expenditures of $28.3 million primarily related to internal development of software and purchases of computer hardware and $26.0 million of other investing cash outflows.

Net cash used in financing activities in 2025 is primarily due to the repayment of the Term Loan of $425.0 million, purchases of treasury stock of $419.7 million, dividends paid of $95.0 million, and payments of $89.9 million of withholding taxes paid on behalf of employees for net-settled stock-based awards.

2024

Net cash provided by operating activities in 2024 includes adjustments to earnings of $133.7 million of stock-based compensation expense, $41.6 million of depreciation, and $21.3 million of amortization of intangibles.  The decrease in cash from changes in working capital primarily consists of an increase in accounts receivable of $28.7 million primarily related to the timing of cash receipts, a decrease in deferred revenue of  $22.1 million, and a decrease in net income taxes payable of $11.7 million due to the timing of tax payments. 

Net cash used in investing activities in 2024 consists primarily of capital expenditures of $29.9 million primarily related to internal development of software and purchases of computer hardware.

Net cash used in financing activities in 2024 is primarily due to purchases of treasury stock of $387.4 million and payments of $10.1 million of withholding taxes paid on behalf of employees for net-sett