Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 83

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 83
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2029350,000 350,000 4.125% Senior Notes due August 1, 2030500,000 500,000 3.625% Senior Notes due October 1, 2031500,000 500,000 2026 Exchangeable Notes due June 15, 2026575,000 575,000 2030 Exchangeable Notes due January 15, 2030575,000 575,000 Total long-term debt3,450,000 3,875,000 Less: Unamortized original issue discount1,416 2,554 Less: Unamortized debt issuance costs21,420 23,463 Total long-term debt, net$3,427,164 $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.”

37

Cash Flow Information

In summary, the Company’s cash flows are as follows:Three Months Ended March 31,20252024(In thousands)Net cash provided by operating activities$193,117 $284,103 Net cash used in investing activities(16,494)(26,048)Net cash used in financing activities(740,296)(199,619)

2025

Net cash provided by operating activities in 2025 includes adjustments to earnings of $70.4 million of stock-based compensation expense, $21.7 million of depreciation, and $10.5 million of impairments and amortization of intangibles. The decrease in cash from changes in working capital primarily consists of a decrease in accounts payable and other liabilities of $49.3 million, primarily related to the timing of payments and a decrease in deferred revenue of $8.6 million primarily related to the decrease in revenue