Match Group, Inc. (IAC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenue	3,188.8	2,983.3	2,391.3	2,051.3	1,729.9	3,307.2	3,139.9	3,230.9
Revenue growth	6.9%	24.8%	16.6%	18.6%	-47.7%	5.3%	-2.8%	3.9%
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	960.0	839.3	635.8	527.2	410.0		755.7	778.2
Selling and marketing expense	534.5	566.5	479.9	427.4	420.0	1,381.2	1,247.1	1,348.3
General and administrative expense	435.9	414.8	311.2	256.1	182.3	719.3	530.4	512.1
Product development expense	333.6	241.0	169.8	152.0	132.0	250.9	212.8	196.6
Depreciation	43.6	41.4	41.3	34.4	34.8
Total operating costs and expenses	2,673.8	2,131.6	1,645.6	1,405.8	1,180.4	3,118.8	3,172.5	3,051.3
Operating income (loss)	515.0	851.7	745.7	645.5	549.5	188.5	-32.6	179.6
Operating margin	16.2%	28.5%	31.2%	31.5%	31.8%	5.7%	-1.0%	5.6%
Interest expense	-145.5	-130.5	-130.6	-111.0	-94.6	-105.3	-109.1	-73.6
Other income, net	8.0	-465.0	15.9	-2.0	7.5	-16.2	60.7	36.9
Earnings (loss) before income taxes	377.5	256.1	631.0	532.4	462.4	67.0	-81.1	142.9
Income tax (provision) benefit	-15.4	19.9	-43.3	-15.1	-11.3	291.1	64.9	-29.5
Net earnings (loss)	362.1	276.0	587.7	517.3	451.1	358.0	-16.2	113.4

Net loss attributable to noncontrolling interests
Net earnings (loss) attributable to Match Group, Inc. shareholders	361.9	277.7	162.3	453.8	627.0	304.9	-41.3	119.5

Net earnings (loss) per share attributable to Match Group, Inc. shareholders:
Earnings	$1.28	$1.01	$0.73	$2.50	$3.48	$3.81	($0.52)	$1.44
Earnings	$1.24	$0.93	$0.66	$2.15	$3.05	$3.18	($0.52)	$1.33

Stock-based compensation expense by function:
Stock-based compensation expense	203.9	146.8	102.3	89.7	66.0	264.6	104.8	105.5