Company: MTCH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000891103-25-000180
Chunk: 69

Company: Match Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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498,629 — Less: Unamortized original issue discount1,169 2,554 Less: Unamortized debt issuance costs26,113 23,463 Total long-term debt, net$3,547,718 $3,848,983 

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(a)The maturity date of the Credit Facility is the earlier of (x) March 20, 2029 and (y) the date that is 91 days prior to the maturity date of the existing senior notes due 2027, 2028, or 2029, or any new indebtedness used to refinance such senior notes that matures prior to the date that is 91 days after March 20, 2029, in each case if and only if at least $250 million in aggregate principal amount of such debt is outstanding on such date.

Long-term Debt

For a detailed description of long-term debt, see “Note 4—Long-term Debt, net” to the consolidated financial statements included in “Item 1—Consolidated Financial Statements.”

47

Cash Flow Information

In summary, the Company’s cash flows are as follows:Nine Months Ended September 30,20252024(In thousands)Net cash provided by operating activities$757,600 $678,009 Net cash used in investing activities(67,883)(51,072)Net cash used in financing activities(617,184)(636,126)

2025

Net cash provided by operating activities in 2025 includes adjustments to income of $194.2 million of stock-based compensation expense, $54.6 million of depreciation, $35.2 million of deferred income taxes, and $29.9 million of amortization of intangibles. The increase in cash from changes in working capital primarily consists of a decrease in other assets of $43.8 million, an increase in accounts payable and other liabilities of $36.6 million, primarily related to the timing of payments, and an increase in net income taxes payable of $31.1 million due to timing of payments, all of which was partially offset by an increase in accounts receivable of $16.5 million and a decrease in deferred revenue of $8.4 million.

Net cash used in investing activities in 2025 consists primarily of capital expenditures of $42.1 million primarily related to internal development of software and purchases of computer hardware and $25.8 million of other investing cash outflows.

Net cash used in financing activities in