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IACI > SEC Filings for IACI > Form 8-K on 2-Jul-2014All Recent SEC Filings

Show all filings for IAC/INTERACTIVECORP



Other Events, Financial Statements and Exhibits

ITEM 8.01. Other Events

During the first quarter of 2014, IAC/InterActiveCorp (the "Company" or the "Registrant") realigned its reportable segments as follows:

The Company created a new segment called The Match Group that includes Match, which was previously reported as its own separate segment, and DailyBurn and Tutor, which were previously in the Media and Other segments, respectively.

The businesses within the Local segment (HomeAdvisor, Felix and, for periods prior to July 1, 2013, CityGrid Media) were moved to the eCommerce segment, formerly called the Other segment.

There were no changes to the Search & Applications segment.

In addition, the Company introduced Adjusted EBITDA, a new non-GAAP financial measure, beginning with the first quarter of 2014. Going forward, the Company plans to regularly report Adjusted EBITDA and will no longer report Operating Income Before Amortization. We believe Adjusted EBITDA is a useful measure for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our business as a whole and our individual business segments.

Lastly, during the first half of 2014 certain domestic subsidiaries of the Company were named as guarantors of our 4.875% Senior Notes due November 30, 2018 and 4.75% Senior Notes due December 15, 2022.

The following items of the 2013 Form 10-K are being updated retrospectively to reflect the above-mentioned changes in the Company's reportable business segments, new non-GAAP measure and changes in the Company's guarantors:

Part II - Item 7. Management's Discussion and Analysis of Financial
1. Condition and Results of Operations
2. Part II - Item 8. Consolidated Financial Statements and Supplementary Data:
Note 1 - Organization
Note 2 - Summary of Significant Accounting Policies Note 6 - Goodwill and Intangibles Assets Note 15 - Segment Information

ITEM 9.01. Financial Statements and Exhibits
  Exhibit No.                               Description

23.1               Consent of Ernst & Young LLP
99.1               2013 Form 10-K:
                   Part II - Item 7. Management's Discussion and Analysis of
                   Financial Condition and Results of Operations
                   Part II - Item 8. Consolidated Financial Statements and
                   Supplementary Data
101.INS XBRL       Instance
101.SCH XBRL       Taxonomy Extension Schema
101.CAL XBRL       Taxonomy Extension Calculation
101.DEF XBRL       Taxonomy Extension Definition
101.LAB XBRL       Taxonomy Extension Labels
101.PRE XBRL       Taxonomy Extension Presentation

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

By: /s/ Gregg Winiarski
Name: Gregg Winiarski
Title: Senior Vice President and General Counsel

Date: July 2, 2014

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