Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 56

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 56
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1,885,762 1,823,492 1,738,141 Total$3,479,373 $3,364,504 $3,188,843  December 31, 20242023 (In thousands)Long-lived assets (excluding goodwill and intangible assets)  United States$119,638 $143,502 South Korea16,608 23,708 All other countries21,943 27,315 Total$158,189 $194,525 

NOTE 13—LEASESThe Company leases office space, data center facilities, and equipment used in connection with its operations under various operating leases, many of which contain escalation clauses.ROU assets represent the Company’s right to use the underlying assets for the lease term and lease liabilities represent the present value of the Company’s obligation to make payments arising from leases. ROU assets and related lease liabilities are based on the present value of fixed lease payments over the lease term using the Company’s incremental borrowing rates on the lease commencement date or January 1, 2019 for leases that commenced prior to that date. The Company combines the lease and non-lease components of lease payments in determining ROU assets and related lease liabilities. If the lease includes one or more options to extend the term of the lease, the renewal option is considered in the lease term if it is reasonably certain the Company will exercise the options. Lease expense is recognized on a straight-line basis over the term of the lease. Leases with an initial term of twelve months or less (“short-term leases”) are not recorded on the accompanying consolidated balance sheet.

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Table of ContentsMATCH GROUP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Variable lease payments consist primarily of common area maintenance, utilities, and taxes, which are not included in the recognition of ROU assets and related lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.LeasesBalance Sheet ClassificationDecember 31, 2024December 31, 2023(In thousands)Assets:Right-of-use assetsOther non-current assets$86,417 $95,660 Liabilities:Current lease liabilitiesAccrued expenses and other current liabilities$19,213 $16,389 Long-term lease liabilitiesOther long-term liabilities84,583 98,475 Total lease liabilities$103,796 $114,864