Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 19

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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— 397 — — — 397 (1,465)(1,068)Purchase of treasury stock— — — — — (198,787)(198,787)— (198,787)Adjustment of noncontrolling interests to fair value— — (996)— — — (996)996 — Noncontrolling interest created by the exercise of subsidiary denominated equity awards— — — — — — — 132 132 Other— — (2)— — — (2)— (2)Balance as of March 31, 2024$292 291,895 $8,585,987 $(7,007,831)$(454,933)$(1,231,325)$(107,810)$138 $(107,672)

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

7

MATCH GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) Three Months Ended March 31, 20252024 (In thousands)Net earnings$117,571 $123,234 Adjustments to reconcile net earnings to net cash provided by operating activities:Stock-based compensation expense70,394 63,820 Depreciation21,729 20,521 Amortization of intangibles10,478 10,367 Deferred income taxes(3,722)6,777 Other adjustments, net5,325 3,585 Changes in assets and liabilitiesAccounts receivable2,510 71,674 Other assets15,230 7,118 Accounts payable and other liabilities(49,339)(22,538)Income taxes payable and receivable11,525 11,051 Deferred revenue(8,584)(11,506)Net cash provided by operating activities193,117 284,103 Cash flows from investing activities:Capital expenditures(15,427)(17,234)Other, net(1,067)(8,814)Net cash used in investing activities(16,494)(26,048)Cash flows from financing activities:  Principal payments on Term Loan(425,000)— Proceeds from issuance of common stock pursuant to stock-based awards378 1,255 Withholding taxes paid on behalf of employees on net settled stock-based awards(78