%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 489.70 748.75 Td (Page 1 of 15) Tj ET Q /GS0 gs q 349.00 0 0 68.00 131.50 652.00 cm /I1 Do Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 176.65 637.60 Td (Match Gr) Tj ET Q q 0 0 0 rg BT 227.42 637.60 Td (oup Reports ) Tj ET Q q 0 0 0 rg BT 293.20 637.60 Td (Third Quarter) Tj ET Q q 0 0 0 rg BT 367.98 637.60 Td ( 2017 Results) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 612.40 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 105.40 612.40 Td (TXNovember 7, 2017Match Group \(NASDAQ: MTCH\) reported ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 418.85 612.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.52 612.40 Td ( 2017 financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 599.20 Td (results today and separately released an investor presentation which will be reviewed on the earnings ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 586.00 Td (conference call scheduled for 8:30 a.m. Eastern ) Tj ET Q q 0 0 0 rg BT 283.45 586.00 Td (T) Tj ET Q q 0 0 0 rg BT 289.79 586.00 Td (ime on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.78 586.00 Td (November8, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 404.96 586.00 Td (. ) Tj ET Q q 0 0 0 rg BT 413.01 586.00 Td (The investor presentation is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 572.80 Td (available on the Investor Relations section of its website at ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 333.486328125 571.33369140625 m 412.3125 571.33369140625 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 333.49 572.80 Td (http://ir) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 365.88 572.80 Td (.mtch.com) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 412.31 572.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 550.60 Td (Growth at Match Group accelerated in the third quarter) Tj ET Q q 0 0 0 rg BT 319.56 550.60 Td (, driven by fantastic performance at ) Tj ET Q q 0 0 0 rg BT 478.49 550.60 Td (T) Tj ET Q q 0 0 0 rg BT 484.82 550.60 Td (inder and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 537.45 Td (Match and OkCupid further stabilizing, said Greg Blatt, Chairman and CEO. Overall company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 524.25 Td (momentum is growing and were very well positioned for Mandy Ginsber) Tj ET Q q 0 0 0 rg BT 397.46 524.25 Td (g to assume the CEO role.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 502.05 Td (Q3 2017 HIGHLIGHTS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 482.85 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 482.85 Td (T) Tj ET Q q 0 0 0 rg BT 113.95 482.85 Td (otal Revenue was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.29 482.85 Td ($343 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.82 482.85 Td (, a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 263.95 482.85 Td (19%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 284.11 482.85 Td ( increase over the prior year quarter) Tj ET Q q 0 0 0 rg BT 440.48 482.85 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 466.65 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 466.65 Td (Direct Revenue grew to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 215.51 466.65 Td ($330 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 272.04 466.65 Td (, an increase of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 341.37 466.65 Td (21%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 361.53 466.65 Td (, driven by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.63 466.65 Td (18%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.80 466.65 Td ( growth in ) Tj ET Q q 0 0 0 rg BT 479.16 466.65 Td (A) Tj ET Q q 0 0 0 rg BT 486.29 466.65 Td (verage ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 453.45 Td (PMC to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 145.29 453.45 Td (6.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 193.57 453.45 Td ( and a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 222.59 453.45 Td (1%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 237.25 453.45 Td ( increase in ) Tj ET Q q 0 0 0 rg BT 289.48 453.45 Td (ARPPU.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 437.25 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 437.25 Td (A) Tj ET Q q 0 0 0 rg BT 115.13 437.25 Td (verage PMC at ) Tj ET Q q 0 0 0 rg BT 183.66 437.25 Td (T) Tj ET Q q 0 0 0 rg BT 190.00 437.25 Td (inder exceeded 2.5 million, adding a record 476,000 PMC during the third ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 424.05 Td (quarter) Tj ET Q q 0 0 0 rg BT 138.71 424.05 Td (, driven primarily by product changes and technology improvements.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 407.85 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 407.85 Td (Operating income was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 209.72 407.85 Td ($91 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 260.75 407.85 Td (, flat to Q3 2016, and ) Tj ET Q q 0 0 0 rg BT 356.68 407.85 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 438.87 407.85 Td ( increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.90 407.85 Td (12%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.06 407.85 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 394.65 Td ($120 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.53 394.65 Td (, both burdened by $1) Tj ET Q q 0 0 0 rg BT 260.36 394.65 Td (1 million in expenses related to the ) Tj ET Q q 0 0 0 rg BT 416.87 394.65 Td (T) Tj ET Q q 0 0 0 rg BT 423.20 394.65 Td (inder option conversion ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 381.45 Td (and exercises.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 365.25 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 365.25 Td (Diluted EPS was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 185.31 365.25 Td ($0.98) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 210.06 365.25 Td ( for the quarter) Tj ET Q q 0 0 0 rg BT 275.28 365.25 Td (, an increase of more than 360% over the prior year quarter) Tj ET Q q 0 0 0 rg BT 535.06 365.25 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 352.05 Td (driven by corporate tax benefits from employee equity award exercises.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 335.85 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 335.85 Td (Operating cash flow for the nine months ended September 30, 2017 increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.87 335.85 Td (17%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.04 335.85 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.09 335.85 Td ($230 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 322.65 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.78 322.65 Td ( compared to the prior year period, while Free Cash Flow increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 439.43 322.65 Td (31%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.60 322.65 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.65 322.65 Td ($208 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 530.18 322.65 Td (.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 295.728564453125 m 247.98388671875 295.728564453125 l s q 0 0 0 rg BT 72.00 297.45 Td (Key ) Tj ET Q q 0 0 0 rg BT 93.69 297.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 140.44 297.45 Td (and ) Tj ET Q q 0 0 0 rg BT 160.93 297.45 Td (Operating ) Tj ET Q q 0 0 0 rg BT 211.95 297.45 Td (Metrics) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 275.25 Td (All results are for continuing operations, unless otherwise noted.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 249.75 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 249.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 249.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 249.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 249.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 249.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 217.75 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 217.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 217.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 217.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 217.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 217.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 185.75 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 185.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 185.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 185.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 185.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 185.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 153.75 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 153.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 153.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 153.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 153.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 153.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 121.75 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 121.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 121.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 121.75 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 121.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 121.75 70.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 249.75 m 371.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 249.75 m 445.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 249.75 m 519.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 249.75 m 371.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 249.75 m 445.5 249.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 254.20 Td (\(In thousands, except EPS and ARPPU\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.55 254.65 Td (Q3 2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 390.55 254.65 Td (Q3 2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 465.95 254.65 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 238.67 Td (Revenue) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 238.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 238.67 Td (343,418) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 238.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 238.67 Td (287,530) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 238.67 Td (19%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 222.67 Td (Operating Income) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 222.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.05 222.67 Td (91,008) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 222.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.05 222.67 Td (90,938) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 222.67 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 206.67 Td (Net Earnings attributable to shareholders) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 206.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 206.67 Td (287,688) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 206.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.05 206.67 Td (56,410) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.15 206.67 Td (410%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 190.67 Td (Diluted EPS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 190.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.05 190.67 Td (0.98) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 190.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.05 190.67 Td (0.21) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.15 190.67 Td (367%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 174.67 Td (Adjusted EBITDA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 174.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 174.67 Td (119,564) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 174.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 174.67 Td (107,101) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 174.67 Td (12%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 158.67 Td (Adjusted Net Income) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 158.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.05 158.67 Td (55,964) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 158.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.05 158.67 Td (60,068) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.00 158.67 Td (\(7\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 142.67 Td (Adjusted EPS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 142.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.05 142.67 Td (0.19) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 142.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.05 142.67 Td (0.22) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.25 142.67 Td (\(14\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 126.67 Td (Average PMC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.55 126.67 Td (6,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.55 126.67 Td (5,546) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 126.67 Td (18%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 110.67 Td (ARPPU) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 110.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.05 110.67 Td (0.54) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 110.67 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.05 110.67 Td (0.53) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.65 110.67 Td (1%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 87.05 Td (See r) Tj ET Q q 0 0 0 rg BT 93.89 87.05 Td (econciliations of GAAP) Tj ET Q q 0 0 0 rg BT 197.55 87.05 Td ( to non-GAAP) Tj ET Q q 0 0 0 rg BT 259.68 87.05 Td ( measur) Tj ET Q q 0 0 0 rg BT 294.41 87.05 Td (es starting on page 9.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.70 748.60 Td (Page 2 of 15) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 710.878564453125 m 112.326171875 710.878564453125 l s q 0 0 0 rg BT 72.00 712.60 Td (Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 675.10 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 675.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 675.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 675.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 675.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 675.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 643.10 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 643.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 643.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 643.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 643.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 643.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 611.10 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 611.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 611.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 611.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 611.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 611.10 70.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 675.1 m 371.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 675.1 m 445.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 675.1 m 519.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 627.1 m 371.5 627.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 627.1 m 445.5 627.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 627.1 m 371.5 627.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 627.1 m 445.5 627.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 595.1 m 371.5 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 580.1 m 371.5 580.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 578.1 m 371.5 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 595.1 m 445.5 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 580.1 m 445.5 580.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 578.1 m 445.5 578.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 679.55 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.55 680.00 Td (Q3 2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 390.55 680.00 Td (Q3 2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 465.95 680.00 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 664.02 Td (Direct Revenue:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.00 648.02 Td (North America) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 648.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 648.02 Td (188,869) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 648.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 648.02 Td (172,441) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 648.02 Td (10%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.00 632.02 Td (International) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 632.02 Td (141,229) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 632.02 Td (101,286) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 632.02 Td (39%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 616.02 Td (Total Direct Revenue) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 616.02 Td (330,098) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 616.02 Td (273,727) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 616.02 Td (21%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 600.02 Td (Indirect Revenue) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.05 600.02 Td (13,320) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.05 600.02 Td (13,803) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.00 600.02 Td (\(3\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 584.02 Td (Total Revenue) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 584.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 584.02 Td (343,418) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 584.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 584.02 Td (287,530) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 584.02 Td (19%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 554.40 Td (T) Tj ET Q q 0 0 0 rg BT 77.95 554.40 Td (otal Direct Revenue grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 193.40 554.40 Td (21%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 213.57 554.40 Td ( driven by an ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.05 554.40 Td (18%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 294.21 554.40 Td ( increase in ) Tj ET Q q 0 0 0 rg BT 346.44 554.40 Td (A) Tj ET Q q 0 0 0 rg BT 353.57 554.40 Td (verage PMC and a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 437.88 554.40 Td (1%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.54 554.40 Td ( increase in overall ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 541.20 Td (ARPPU. Indirect Revenue declined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.91 541.20 Td ($0.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 287.69 541.20 Td ( due to declines at brands other than ) Tj ET Q q 0 0 0 rg BT 448.77 541.20 Td (T) Tj ET Q q 0 0 0 rg BT 455.10 541.20 Td (inder) Tj ET Q q 0 0 0 rg BT 477.27 541.20 Td (, partially ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 528.00 Td (of) Tj ET Q q 0 0 0 rg BT 80.96 528.00 Td (fset by continued advertising revenue growth at ) Tj ET Q q 0 0 0 rg BT 293.06 528.00 Td (T) Tj ET Q q 0 0 0 rg BT 299.40 528.00 Td (inder) Tj ET Q q 0 0 0 rg BT 321.39 528.00 Td (.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 501.078564453125 m 138.06982421875 501.078564453125 l s q 0 0 0 rg BT 72.00 502.80 Td (A) Tj ET Q q 0 0 0 rg BT 79.13 502.80 Td (verage ) Tj ET Q q 0 0 0 rg BT 113.02 502.80 Td (PMC) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 465.30 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 465.30 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 465.30 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 465.30 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 465.30 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 465.30 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 433.30 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 433.30 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 433.30 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 433.30 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 433.30 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 433.30 70.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 465.3 m 371.5 465.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 465.3 m 445.5 465.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 465.3 m 519.5 465.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 417.3 m 371.5 417.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 402.3 m 371.5 402.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 400.3 m 371.5 400.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 417.3 m 445.5 417.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 402.3 m 445.5 402.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 400.3 m 445.5 400.3 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 469.75 Td (\(In thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.55 470.20 Td (Q3 2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 390.55 470.20 Td (Q3 2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 465.95 470.20 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 454.22 Td (Average PMC:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 438.22 Td (North America) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.55 438.22 Td (3,668) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.55 438.22 Td (3,371) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.65 438.22 Td (9%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 422.22 Td (International) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.55 422.22 Td (2,891) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.55 422.22 Td (2,175) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 422.22 Td (33%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 406.22 Td (Total Average PMC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.55 406.22 Td (6,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.55 406.22 Td (5,546) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 406.22 Td (18%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 374.878564453125 m 109.27001953125 374.878564453125 l s q 0 0 0 rg BT 72.00 376.60 Td (ARPPU) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 339.10 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 339.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 339.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 339.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 339.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 339.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 307.10 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 307.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 307.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 307.10 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 307.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 307.10 70.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 339.1 m 371.5 339.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 339.1 m 445.5 339.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 339.1 m 519.5 339.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 343.55 Td (\(Change calculated using non-rounded numbers\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.55 344.00 Td (Q3 2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 390.55 344.00 Td (Q3 2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 465.95 344.00 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 328.02 Td (ARPPU:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 312.02 Td (North America) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 312.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.05 312.02 Td (0.55) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 312.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.05 312.02 Td (0.56) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 312.02 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 296.02 Td (International) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 296.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.05 296.02 Td (0.52) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 296.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.05 296.02 Td (0.50) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.65 296.02 Td (3%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 280.02 Td (Total ARPPU) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 280.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.05 280.02 Td (0.54) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 280.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.05 280.02 Td (0.53) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.65 280.02 Td (1%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.70 748.60 Td (Page 3 of 15) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 710.878564453125 m 215.32763671875 710.878564453125 l s q 0 0 0 rg BT 72.00 712.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 123.03 712.60 Td (Costs ) Tj ET Q q 0 0 0 rg BT 151.44 712.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.93 712.60 Td (Expenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 664.10 175.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 664.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 664.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 664.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 664.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 664.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 664.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 664.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 664.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 664.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 632.10 175.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 632.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 632.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 632.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 632.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 632.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 632.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 632.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 632.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 632.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 600.10 175.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 600.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 600.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 600.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 600.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 600.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 600.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 600.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 600.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 600.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 568.10 175.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 568.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 568.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 568.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 568.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 568.10 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 568.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 568.10 49.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 568.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 568.10 49.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 664.1 m 311.5 664.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 664.1 m 364.5 664.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 664.1 m 433.5 664.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 664.1 m 486.5 664.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 664.1 m 539.5 664.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 664.1 m 364.5 664.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 568.1 m 311.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 553.1 m 311.5 553.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 551.1 m 311.5 551.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 568.1 m 433.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 553.1 m 433.5 553.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 551.1 m 433.5 551.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 668.55 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 259.05 669.00 Td (Q3 2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 328.00 680.00 Td (% of) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 319.30 669.00 Td (Revenue) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 381.05 669.00 Td (Q3 2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 450.00 680.00 Td (% of) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 441.30 669.00 Td (Revenue) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 496.45 669.00 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 80.00 653.02 Td (Cost of revenue) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.00 653.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.00 653.02 Td (72,044) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.40 653.02 Td (21%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 371.00 653.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.00 653.02 Td (50,770) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.40 653.02 Td (18%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.40 653.02 Td (42%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 80.00 637.02 Td (Selling and marketing expense) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.00 637.02 Td (94,870) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.40 637.02 Td (28%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.00 637.02 Td (87,889) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.40 637.02 Td (31%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.15 637.02 Td (8%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 80.00 621.02 Td (General and administrative expense) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.00 621.02 Td (49,940) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.40 621.02 Td (15%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.00 621.02 Td (30,014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.40 621.02 Td (10%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.40 621.02 Td (66%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 80.00 605.02 Td (Product development expense) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.00 605.02 Td (27,008) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 332.15 605.02 Td (8%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.00 605.02 Td (17,345) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.15 605.02 Td (6%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.40 605.02 Td (56%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 80.00 589.02 Td (Depreciation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 282.55 589.02 Td (8,147) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 332.15 589.02 Td (2%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 404.55 589.02 Td (7,192) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.15 589.02 Td (3%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.40 589.02 Td (13%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 80.00 573.02 Td (Amortization of intangibles) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 290.80 573.02 Td (401) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.40 573.02 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 404.55 573.02 Td (3,382) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.15 573.02 Td (1%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.75 573.02 Td (\(88\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 557.02 Td (Total operating costs and expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.00 557.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 271.50 557.02 Td (252,410) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.40 557.02 Td (73%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 371.00 557.02 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.50 557.02 Td (196,592) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.40 557.02 Td (68%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.40 557.02 Td (28%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 527.40 Td (Operating costs and expenses were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 228.70 527.40 Td ($252 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 285.23 527.40 Td (, or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 302.64 527.40 Td (73%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.80 527.40 Td ( of revenue, compared to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 435.20 527.40 Td ($197 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.73 527.40 Td (, or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 509.14 527.40 Td (68%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.31 527.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 514.20 Td (of revenue, for the prior year quarter) Tj ET Q q 0 0 0 rg BT 232.34 514.20 Td (. ) Tj ET Q q 0 0 0 rg BT 240.39 514.20 Td (The increase in operating costs and expenses is primarily driven by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 501.00 Td (increased employee costs of $24.6 million, inclusive of stock-based compensation expense, across most ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 487.80 Td (expense categories, and increased in-app purchase fees of $20.4 million, included in Cost of Revenue. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 474.60 Td (The increase in employee costs was primarily due to $10.1 million for the employer portion of payroll ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 461.40 Td (taxes paid upon the exercise of Match Group options following the conversion of the ) Tj ET Q q 0 0 0 rg BT 448.15 461.40 Td (T) Tj ET Q q 0 0 0 rg BT 454.49 461.40 Td (inder equity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 448.20 Td (awards, stock-based compensation expense of $9.2 million, and increased headcount, primarily at ) Tj ET Q q 0 0 0 rg BT 504.34 448.20 Td (T) Tj ET Q q 0 0 0 rg BT 510.67 448.20 Td (inder ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 435.00 Td (as we continue to grow the business. Selling and marketing expense increased primarily due to strategic ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 421.80 Td (marketing investments in certain international markets and increased headcount at our ) Tj ET Q q 0 0 0 rg BT 453.30 421.80 Td (T) Tj ET Q q 0 0 0 rg BT 459.64 421.80 Td (inder business, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 408.60 Td (while continuing to decline as a percentage of revenue primarily due to the continued product mix shift ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 395.40 Td (toward brands with lower marketing spend as a percentage of revenue and continued reduction in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 382.20 Td (marketing spend at our ) Tj ET Q q 0 0 0 rg BT 175.25 382.20 Td (Af) Tj ET Q q 0 0 0 rg BT 186.66 382.20 Td (finity brands. General and administrative expense includes $0.1 million in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 369.00 Td (contingent consideration expense compared to income of $5.1 million in the prior year quarter) Tj ET Q q 0 0 0 rg BT 486.21 369.00 Td (. ) Tj ET Q q 0 0 0 rg BT 494.26 369.00 Td (These ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 355.80 Td (increases were partially of) Tj ET Q q 0 0 0 rg BT 187.55 355.80 Td (fset by lower amortization of intangibles as a significant portion of our ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 342.60 Td (scheduled amortization from the acquisition of PlentyOfFish concluded at the end of 2016.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 315.678564453125 m 267.8916015625 315.678564453125 l s q 0 0 0 rg BT 72.00 317.40 Td (Operating Income and ) Tj ET Q q 0 0 0 rg BT 180.48 317.40 Td (Adjusted EBITDA) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 279.90 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 279.90 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 279.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 279.90 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 279.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 279.90 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 247.90 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 247.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 247.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 247.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 247.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 247.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 216.90 210.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 216.90 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 216.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 216.90 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 216.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 216.90 70.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 279.9 m 371.5 279.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 279.9 m 445.5 279.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 279.9 m 519.5 279.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 279.9 m 371.5 279.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 279.9 m 445.5 279.9 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 284.35 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.55 284.80 Td (Q3 2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 390.55 284.80 Td (Q3 2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 465.95 284.80 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 268.82 Td (Operating income) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 268.82 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.05 268.82 Td (91,008) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 268.82 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.05 268.82 Td (90,938) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 268.82 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 252.82 Td (Operating income margin) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.90 252.82 Td (27%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.90 252.82 Td (32%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 465.65 252.82 Td (\(5.1\) pts) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 221.82 Td (Adjusted EBITDA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 221.82 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.50 221.82 Td (119,564) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.00 221.82 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 221.82 Td (107,101) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.90 221.82 Td (12%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 205.82 Td (Adjusted EBITDA Margin) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.90 205.82 Td (35%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.90 205.82 Td (37%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 465.65 205.82 Td (\(2.4\) pts) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 176.20 Td (Operating income was flat, reflecting the impact of the increases in operating costs and expenses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 163.00 Td (described in the preceding paragraph. ) Tj ET Q q 0 0 0 rg BT 242.12 163.00 Td (Adjusted EBITDA, which excludes stock-based compensation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 149.80 Td (expense and contingent consideration fair value adjustments, increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.92 149.80 Td (12%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 407.08 149.80 Td ( over the prior year quarter ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 136.60 Td (because of revenue growth, partially of) Tj ET Q q 0 0 0 rg BT 244.06 136.60 Td (fset by the impact of the increases in operating costs and expenses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 123.40 Td (described in the preceding paragraph. Both operating income and ) Tj ET Q q 0 0 0 rg BT 364.32 123.40 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 446.50 123.40 Td ( were burdened by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 110.20 Td ($1) Tj ET Q q 0 0 0 rg BT 82.59 110.20 Td (1 million in expenses related to the ) Tj ET Q q 0 0 0 rg BT 239.11 110.20 Td (T) Tj ET Q q 0 0 0 rg BT 245.44 110.20 Td (inder option conversion and exercises.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.70 748.60 Td (Page 4 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (OTHER ITEMS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 687.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 109.38 687.40 Td (T) Tj ET Q q 0 0 0 rg BT 115.70 687.40 Td (axes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.20 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 91.85 662.20 Td (Q3 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.05 662.20 Td ( income tax benefit of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 229.31 662.20 Td ($226 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 285.84 662.20 Td ( for GAAP) Tj ET Q q 0 0 0 rg BT 333.71 662.20 Td ( is primarily due to employee exercises of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 649.00 Td (stock-based awards and the adoption of ) Tj ET Q q 0 0 0 rg BT 247.95 649.00 Td (Accounting Standards Update No. 2016-09, Improvements to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.80 Td (Employee Share-Based Payment ) Tj ET Q q 0 0 0 rg BT 218.32 635.80 Td (Accounting \(ASU No. 2016-09\) on January 1, 2017. Under ) Tj ET Q q 0 0 0 rg BT 484.42 635.80 Td (ASU No. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.60 Td (2016-09, excess tax benefits generated upon the purchase or exercise of stock-based awards are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.40 Td (recognized as a reduction to the income tax provision rather than additional paid-in capital. ) Tj ET Q q 0 0 0 rg BT 478.05 609.40 Td (The ef) Tj ET Q q 0 0 0 rg BT 506.25 609.40 Td (fective ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.20 Td (income tax rate for GAAP) Tj ET Q q 0 0 0 rg BT 187.67 596.20 Td ( was 26% in Q3 2016. ) Tj ET Q q 0 0 0 rg BT 290.74 596.20 Td (The ef) Tj ET Q q 0 0 0 rg BT 318.94 596.20 Td (fective income tax rates for ) Tj ET Q q 0 0 0 rg BT 441.41 596.20 Td (Adjusted Net Income ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 583.00 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 83.31 583.00 Td (Q3 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 121.50 583.00 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 142.88 583.00 Td (Q3 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.08 583.00 Td ( were 32% and 29%, respectively) Tj ET Q q 0 0 0 rg BT 327.58 583.00 Td (. ) Tj ET Q q 0 0 0 rg BT 335.63 583.00 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 355.49 583.00 Td (Q3 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.68 583.00 Td ( ef) Tj ET Q q 0 0 0 rg BT 404.78 583.00 Td (fective income tax rate for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.80 Td (Adjusted Net Income is higher than the prior year quarter primarily due to foreign exchange losses that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.60 Td (are not tax deductible in the current period.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 531.40 Td (DILUTIVE SECURITIES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 506.20 Td (Match Group has various tranches of dilutive securities. ) Tj ET Q q 0 0 0 rg BT 323.51 506.20 Td (The table below details these securities as well ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 493.00 Td (as potential dilution at various stock prices \(shares in millions; rounding dif) Tj ET Q q 0 0 0 rg BT 404.50 493.00 Td (ferences may occur\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 444.50 203.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 444.50 53.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 444.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 444.50 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 444.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 444.50 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 444.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 444.50 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 444.50 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 444.50 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 404.50 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 404.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 404.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 404.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 404.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 404.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 404.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 404.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 404.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 404.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 374.50 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 374.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 374.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 374.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 374.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 374.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 374.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 374.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 374.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 374.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 344.50 203.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 344.50 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 344.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 344.50 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 344.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 344.50 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 344.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 344.50 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 344.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 344.50 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 305.50 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 305.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 305.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 305.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 305.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 305.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 305.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 305.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 305.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 305.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 275.50 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 275.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 275.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 275.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 275.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 275.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 275.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 275.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 275.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 275.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 250.50 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 250.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 250.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 250.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 250.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 250.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 250.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 250.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 250.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 250.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 220.50 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 220.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 220.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 220.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 220.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 220.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 220.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 220.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 220.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 220.50 49.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 444.5 m 327.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 444.5 m 380.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 444.5 m 384.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 444.5 m 433.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 444.5 m 437.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 444.5 m 486.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 444.5 m 490.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 444.5 m 539.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 359.5 m 327.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 359.5 m 380.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 359.5 m 433.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 359.5 m 486.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 359.5 m 539.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 359.5 m 327.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 359.5 m 380.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 359.5 m 433.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 359.5 m 486.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 359.5 m 539.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 275.5 m 380.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 275.5 m 433.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 275.5 m 486.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 275.5 m 539.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 275.5 m 327.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 275.5 m 380.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 275.5 m 433.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 275.5 m 486.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 275.5 m 539.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 250.5 m 327.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 250.5 m 380.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 250.5 m 433.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 250.5 m 486.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 250.5 m 539.5 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 206.5 m 327.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 204.5 m 327.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 206.5 m 380.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 204.5 m 380.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 206.5 m 433.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 204.5 m 433.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 206.5 m 486.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 204.5 m 486.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 206.5 m 539.5 206.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 204.5 m 539.5 204.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 459.17 Td (As of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.40 449.17 Td (1) Tj ET Q q 0 0 0 rg BT 285.03 449.17 Td (1/3/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 449.17 Td (Dilution at:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 432.12 Td (Share Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.50 432.23 Td ($27.01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 432.23 Td ($28.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.50 432.23 Td ($29.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 432.23 Td ($30.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.50 432.23 Td ($31.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 412.12 Td (Absolute Shares as of 11/3/2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 412.23 Td (273.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.00 412.23 Td (273.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 412.23 Td (273.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.00 412.23 Td (273.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 412.23 Td (273.2) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 74 392.61259765625 m 191.529296875 392.61259765625 l s q 0 0 0 rg BT 74.00 394.18 Td (Vested Options and Awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 379.17 Td (Match Group Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 379.17 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 379.17 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 379.17 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 379.17 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 379.17 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 364.17 Td (IAC Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 364.17 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 364.17 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 364.17 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 364.17 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 364.17 Td (0.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 349.18 Td (Total Dilution - Vested Options and Awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 349.18 Td (2.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 349.18 Td (2.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 349.18 Td (3.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 349.18 Td (3.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.00 349.18 Td (3.0) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 74 323.61259765625 m 203.0087890625 323.61259765625 l s q 0 0 0 rg BT 74.00 325.18 Td (Unvested Options and Awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 310.17 Td (Match Group Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 310.17 Td (8.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 310.17 Td (9.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 310.17 Td (9.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 310.17 Td (9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 310.17 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 295.17 Td (Match Group RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 295.17 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 295.17 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 295.17 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 295.17 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 295.17 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 280.17 Td (IAC Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 280.17 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 280.17 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 280.17 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 280.17 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 280.17 Td (0.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 265.18 Td (Total Dilution - Unvested Options and Awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 265.18 Td (11.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 265.18 Td (12.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 265.18 Td (12.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.00 265.18 Td (12.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 265.18 Td (12.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 240.18 Td (Total Dilution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 240.18 Td (14.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 240.18 Td (15.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 240.18 Td (15.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.00 240.18 Td (15.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 240.18 Td (16.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 224.96 Td (% Dilution) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.25 224.96 Td (5.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.50 224.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.25 224.96 Td (5.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.50 224.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.25 224.96 Td (5.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 224.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 224.96 Td (5.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 224.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 224.96 Td (5.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.50 224.96 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 210.18 Td (Total Diluted Shares Outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 210.18 Td (287.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.00 210.18 Td (288.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 210.18 Td (288.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.00 210.18 Td (288.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 210.18 Td (289.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 180.80 Td (The table above assumes that the proceeds from the exercise of Match Group options and the corporate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 167.60 Td (income tax benefit received upon the exercise of all Match Group options and the vesting of all restricted, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 154.40 Td (performance-based and market-based stock awards \(together) Tj ET Q q 0 0 0 rg BT 338.80 154.40 Td (, the Match Group RSUs\) are used to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 141.20 Td (repurchase Match Group shares, whether or not such repurchases actually occur) Tj ET Q q 0 0 0 rg BT 422.95 141.20 Td (. ) Tj ET Q q 0 0 0 rg BT 431.00 141.20 Td (This methodology ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 128.00 Td (dif) Tj ET Q q 0 0 0 rg BT 84.02 128.00 Td (fers from the treasury stock method used for GAAP) Tj ET Q q 0 0 0 rg BT 311.50 128.00 Td ( because it: \(i\) excludes from the assumed proceeds ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 114.80 Td (the impact of future stock-based compensation expense of all unvested stock-based awards; \(ii\) includes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 101.60 Td (in assumed proceeds the entire estimated corporate income tax benefit to Match Group; and \(iii\) includes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 88.40 Td (the shares related to performance-based and market-based awards that are considered probable of vesting, ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.70 748.60 Td (Page 5 of 15) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (if dilutive. ) Tj ET Q q 0 0 0 rg BT 123.13 712.40 Td (This reflects the way the Company) Tj ET Q q 0 0 0 rg BT 279.83 712.40 Td (s management generally thinks about dilution and we ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (believe it is the best reflection of the true economic costs of our equity compensation programs.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 674.00 Td (The IAC equity awards represent options and market-based restricted stock units denominated in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 660.80 Td (shares of IAC that have been issued to employees of Match Group. Upon exercise or vesting, IAC will ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 647.60 Td (settle the awards with shares of IAC, and Match Group will issue additional shares to IAC as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 634.40 Td (reimbursement. ) Tj ET Q q 0 0 0 rg BT 146.03 634.40 Td (The number of common shares reflected in the dilution table above reflects the current ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 621.20 Td (market price of IAC at various market prices of our common stock. ) Tj ET Q q 0 0 0 rg BT 373.60 621.20 Td (The number of shares of our common ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 608.00 Td (stock ultimately required to settle these awards will fluctuate from the number of shares reflected in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 594.80 Td (table above based upon changes in our stock price and changes in IAC) Tj ET Q q 0 0 0 rg BT 385.40 594.80 Td (s stock price.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 569.60 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 131.50 569.60 Td ( ) Tj ET Q q 0 0 0 rg BT 133.64 569.60 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 193.63 569.60 Td (AL) Tj ET Q q 0 0 0 rg BT 208.30 569.60 Td ( RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 544.40 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.89 544.40 Td (September30, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 187.18 544.40 Td (, Match Group had ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 273.02 544.40 Td (273.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 332.30 544.40 Td ( common and class B common shares ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 531.20 Td (outstanding. Match Group did not make purchases under the previously announced share repurchase ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 518.00 Td (program during the quarter or subsequently through today) Tj ET Q q 0 0 0 rg BT 330.13 518.00 Td (s date.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 492.80 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.89 492.80 Td (September30, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 187.18 492.80 Td (, the Company had ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 273.02 492.80 Td ($158 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.55 492.80 Td ( in cash and cash equivalents and had ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.94 492.80 Td ($1.3 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 479.60 Td (billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.72 479.60 Td ( of long-term debt. ) Tj ET Q q 0 0 0 rg BT 188.50 479.60 Td (The Company has a $500 million revolving credit facility) Tj ET Q q 0 0 0 rg BT 441.34 479.60 Td (, which was undrawn ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 466.40 Td (as of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 95.83 466.40 Td (September30, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 184.12 466.40 Td ( and currently remains undrawn.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 441.20 Td (In ) Tj ET Q q 0 0 0 rg BT 83.31 441.20 Td (August 2017, the Company increased its term loan by $75 million to $425 million and repriced the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 428.00 Td (term loan, reducing the applicable interest mar) Tj ET Q q 0 0 0 rg BT 276.75 428.00 Td (gin by 0.75% per annum to LIBOR plus 2.50%, with a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 414.80 Td (LIBOR floor of 0.00% \(previously) Tj ET Q q 0 0 0 rg BT 224.35 414.80 Td (, the terms were LIBOR plus 3.25%, with a LIBOR floor of 0.75%\).) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 389.60 Td (During the third quarter 2017, the Company made cash payments totaling approximately $500 million to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 376.40 Td (cover \(i\) withholding taxes paid on behalf of employees who exercised options that were net settled and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 363.20 Td (\(ii\) the purchase of certain fully vested awards. ) Tj ET Q q 0 0 0 rg BT 283.98 363.20 Td (As a result of the taxes paid in connection with the net ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 350.00 Td (settlement of these options and the purchase of a portion of the options in cash, the number of Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 336.80 Td (common shares that would have been issued upon exercise of these options was reduced by 26.7 million ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 323.60 Td (shares. ) Tj ET Q q 0 0 0 rg BT 107.54 323.60 Td (The Company recognized a cash income tax benefit of the intrinsic value of the awards exercised ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 310.40 Td (during the quarter of approximately $260 million, and, as a result, the Company does not currently expect ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 297.20 Td (to pay a significant amount of domestic income taxes until 2020.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 272.00 Td (In October 2017, the Company sold a cost method investment receiving net cash proceeds of $60.2 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 258.80 Td (million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 233.60 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.89 233.60 Td (September30, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 187.18 233.60 Td (, IAC) Tj ET Q q 0 0 0 rg BT 214.68 233.60 Td (s economic ownership interest and voting interest in Match Group were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 220.40 Td (81.3%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.41 220.40 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 121.80 220.40 Td (97.6%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 150.21 220.40 Td (, respectively) Tj ET Q q 0 0 0 rg BT 208.14 220.40 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 195.20 Td (CONFERENCE CALL) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 170.00 Td (Match Group will audiocast a conference call to answer questions regarding its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.66 170.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.33 170.00 Td ( financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 156.80 Td (results on ) Tj ET Q q 0 0 0 rg BT 117.02 156.80 Td (W) Tj ET Q q 0 0 0 rg BT 126.52 156.80 Td (ednesday) Tj ET Q q 0 0 0 rg BT 166.74 156.80 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 172.24 156.80 Td (November8, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 254.41 156.80 Td ( at 8:30 a.m. Eastern ) Tj ET Q q 0 0 0 rg BT 347.38 156.80 Td (T) Tj ET Q q 0 0 0 rg BT 353.71 156.80 Td (ime. ) Tj ET Q q 0 0 0 rg BT 375.51 156.80 Td (This call will include the disclosure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 143.60 Td (of certain information, including forward-looking information, which may be material to an investor) Tj ET Q q 0 0 0 rg BT 514.12 143.60 Td () Tj ET Q q 0 0 0 rg BT 517.17 143.60 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 130.40 Td (understanding of Match Group) Tj ET Q q 0 0 0 rg BT 211.00 130.40 Td (s business. ) Tj ET Q q 0 0 0 rg BT 260.61 130.40 Td (The live audiocast will be open to the public at, and the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 117.20 Td (investor presentation reviewing the results has been posted on, ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 349.986328125 115.73369140625005 m 428.8125 115.73369140625005 l s q 0 0 0 rg BT 349.99 117.20 Td (http://ir) Tj ET Q q 0 0 0 rg BT 382.38 117.20 Td (.mtch.com) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.81 117.20 Td (.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.70 748.60 Td (Page 6 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 102.56 712.60 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 167.04 712.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 182.42 712.60 Td (A) Tj ET Q q 0 0 0 rg BT 189.55 712.60 Td (TEMENTS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 687.40 Td (MA) Tj ET Q q 0 0 0 rg BT 89.51 687.40 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 155.21 687.40 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 223.77 687.40 Td (TED ST) Tj ET Q q 0 0 0 rg BT 261.77 687.40 Td (A) Tj ET Q q 0 0 0 rg BT 268.90 687.40 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 316.37 687.40 Td ( OF) Tj ET Q q 0 0 0 rg BT 333.99 687.40 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 374.42 687.40 Td (TIONS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 629.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 629.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 629.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 629.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 629.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 629.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 629.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 629.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 603.90 204.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 603.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 603.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 603.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 603.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 603.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 603.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 603.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 567.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 567.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 567.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 567.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 567.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 567.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 567.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 567.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 541.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 541.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 541.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 541.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 541.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 541.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 541.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 541.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 515.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 515.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 515.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 515.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 515.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 515.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 515.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 515.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 489.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 489.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 489.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 489.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 489.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 489.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 489.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 489.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 463.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 463.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 463.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 463.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 463.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 463.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 463.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 463.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 437.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 437.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 437.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 437.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 437.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 437.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 437.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 437.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 411.90 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 411.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 411.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 411.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 411.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 411.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 411.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 411.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 374.90 204.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 374.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 374.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 374.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 374.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 374.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 374.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 374.90 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 341.90 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 341.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 341.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 341.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 341.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 341.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 341.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 341.90 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 314.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 314.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 314.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 314.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 314.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 314.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 314.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 314.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 278.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 278.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 278.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 278.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 278.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 278.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 278.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 278.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 252.90 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 252.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 252.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 252.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 252.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 252.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 252.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 252.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 224.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 224.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 224.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 224.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 224.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 224.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 224.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 224.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 196.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 196.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 196.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 196.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 196.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 196.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 196.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 196.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 170.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 170.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 170.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 170.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 170.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 170.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 170.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 170.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 144.90 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 144.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 144.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 144.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 144.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 144.90 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 144.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 144.90 63.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 656.9 m 338.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 656.9 m 342.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 656.9 m 405.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 656.9 m 472.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 643.9 m 338.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 643.9 m 405.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 656.9 m 472.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 643.9 m 472.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 656.9 m 476.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 656.9 m 539.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 643.9 m 539.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 515.9 m 338.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 515.9 m 405.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 515.9 m 338.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 502.9 m 338.5 502.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 515.9 m 405.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 502.9 m 405.5 502.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 515.9 m 472.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 515.9 m 539.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 502.9 m 539.5 502.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 502.9 m 338.5 502.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 502.9 m 405.5 502.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 502.9 m 472.5 502.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 502.9 m 539.5 502.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 463.9 m 338.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 463.9 m 405.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 463.9 m 472.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 463.9 m 539.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 463.9 m 338.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 463.9 m 405.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 463.9 m 472.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 463.9 m 539.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 437.9 m 338.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 437.9 m 405.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 437.9 m 472.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 437.9 m 539.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 411.9 m 338.5 411.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 411.9 m 405.5 411.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 411.9 m 472.5 411.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 411.9 m 539.5 411.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 374.9 m 338.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 352.9 m 338.5 352.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 350.9 m 338.5 350.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 374.9 m 405.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 352.9 m 405.5 352.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 350.9 m 405.5 350.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 374.9 m 472.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 374.9 m 539.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 350.9 m 338.5 350.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 352.9 m 338.5 352.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 350.9 m 405.5 350.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 352.9 m 405.5 352.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 350.9 m 472.5 350.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 352.9 m 472.5 352.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 350.9 m 539.5 350.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 352.9 m 539.5 352.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 131.89999999999998 m 338.5 131.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 119.89999999999998 m 338.5 119.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 117.89999999999998 m 338.5 117.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 131.89999999999998 m 405.5 131.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 119.89999999999998 m 405.5 119.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 117.89999999999998 m 405.5 117.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 131.89999999999998 m 472.5 131.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 119.89999999999998 m 472.5 119.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 117.89999999999998 m 472.5 117.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 131.89999999999998 m 539.5 131.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 119.89999999999998 m 539.5 119.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 117.89999999999998 m 539.5 117.89999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 661.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.25 661.13 Td (Three Months Ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.40 661.13 Td (Nine Months Ended September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 647.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 648.13 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 648.13 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.50 648.13 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 648.13 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 634.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.80 634.13 Td (\(In thousands, except per share data\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 621.16 Td (Revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 621.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 621.16 Td (343,418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 621.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 621.16 Td (287,530) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 621.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 621.16 Td (951,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 621.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 621.16 Td (823,240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 608.16 Td (Operating costs and expenses:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 594.36 Td (Cost of revenue \(exclusive of depreciation shown) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 585.36 Td (separately below\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 585.36 Td (72,044) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 585.36 Td (50,770) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 585.36 Td (193,557) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 585.36 Td (141,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 572.16 Td (Selling and marketing expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 572.16 Td (94,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 572.16 Td (87,889) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 572.16 Td (289,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 572.16 Td (281,156) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 559.16 Td (General and administrative expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 559.16 Td (49,940) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 559.16 Td (30,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 559.16 Td (137,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 559.16 Td (104,383) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 546.16 Td (Product development expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 546.16 Td (27,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 546.16 Td (17,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 546.16 Td (73,089) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 546.16 Td (58,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 533.16 Td (Depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.75 533.16 Td (8,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.75 533.16 Td (7,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 533.16 Td (23,619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 533.16 Td (20,119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 520.16 Td (Amortization of intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.50 520.16 Td (401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.75 520.16 Td (3,382) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.75 520.16 Td (1,208) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 520.16 Td (15,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 507.16 Td (Total operating costs and expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 507.16 Td (252,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 507.16 Td (196,592) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 507.16 Td (718,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 507.16 Td (620,616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 494.16 Td (Operating income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 494.16 Td (91,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 494.16 Td (90,938) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 494.16 Td (232,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 494.16 Td (202,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 481.16 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.25 481.16 Td (\(19,548) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 481.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 481.16 Td (\(20,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 481.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 481.16 Td (\(57,570) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 481.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 481.16 Td (\(61,872) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 481.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 468.16 Td (Other \(expense\) income, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 468.16 Td (\(9,925) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 468.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.75 468.16 Td (6,034) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 468.16 Td (\(25,453) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 468.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 468.16 Td (4,389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 455.16 Td (Earnings from continuing operations, before tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 455.16 Td (61,535) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 455.16 Td (76,122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 455.16 Td (149,831) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 455.16 Td (145,141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 442.16 Td (Income tax benefit \(provision\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 442.16 Td (226,236) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 442.16 Td (\(19,973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 442.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 442.16 Td (214,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 442.16 Td (\(41,615) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 442.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 429.30 Td (Net earnings from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 429.16 Td (287,771) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 429.16 Td (56,149) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 429.16 Td (363,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 429.16 Td (103,526) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 416.16 Td (\(Loss\) income from discontinued operations, net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 416.16 Td (\(85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 416.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.50 416.16 Td (555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.75 416.16 Td (\(4,647) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 416.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 416.16 Td (\(5,502) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 416.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 402.35 Td (Net earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 402.36 Td (287,686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 402.36 Td (56,704) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 402.36 Td (359,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 402.36 Td (98,024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 388.36 Td (Net loss \(earnings\) attributable to redeemable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 379.36 Td (noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.50 379.36 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.50 379.36 Td (\(294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 379.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 379.36 Td (\(52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 379.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 379.36 Td (\(384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 379.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 365.35 Td (Net earnings attributable to Match Group, Inc.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 83.00 356.35 Td (shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 356.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 356.36 Td (287,688) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 356.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 356.36 Td (56,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 356.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 356.36 Td (359,171) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 356.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 356.36 Td (97,640) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 332.35 Td (Net earnings per share from continuing operations:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 319.16 Td ( Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 319.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 319.16 Td (1.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 319.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 319.16 Td (0.22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 319.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.25 319.16 Td (1.39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 319.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 319.16 Td (0.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 306.16 Td ( Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 306.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 306.16 Td (0.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 306.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 306.16 Td (0.21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 306.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.25 306.16 Td (1.22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 306.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 306.16 Td (0.38) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 292.35 Td (Net earnings per share attributable to Match) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 83.00 283.35 Td (Group, Inc. shareholders:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 270.16 Td ( Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 270.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 270.16 Td (1.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 270.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 270.16 Td (0.22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 270.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.25 270.16 Td (1.38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 270.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 270.16 Td (0.39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 257.16 Td ( Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 257.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 257.16 Td (0.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 257.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 257.16 Td (0.21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 257.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.25 257.16 Td (1.21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 257.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 257.16 Td (0.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 229.16 Td (Basic shares outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 229.16 Td (267,487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 229.16 Td (253,176) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 229.16 Td (260,876) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 229.16 Td (250,316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 216.16 Td (Diluted shares outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 216.16 Td (293,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 216.16 Td (270,024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 216.16 Td (297,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 216.16 Td (268,710) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 188.30 Td (Stock-based compensation expense by function:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 175.16 Td (Cost of revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 175.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.50 175.16 Td (430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 175.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.50 175.16 Td (378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 175.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.75 175.16 Td (1,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 175.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 175.16 Td (1,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 162.16 Td (Selling and marketing expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.75 162.16 Td (1,146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.50 162.16 Td (853) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.75 162.16 Td (3,253) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 162.16 Td (2,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 149.16 Td (General and administrative expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 149.16 Td (12,669) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.75 149.16 Td (7,479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 149.16 Td (35,740) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 149.16 Td (26,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 136.16 Td (Product development expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.75 136.16 Td (5,704) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.75 136.16 Td (2,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 136.16 Td (13,388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 136.16 Td (10,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 123.16 Td (Total stock-based compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 123.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.25 123.16 Td (19,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 123.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 123.16 Td (10,718) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 123.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 123.16 Td (53,627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 123.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 123.16 Td (40,810) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.70 748.60 Td (Page 7 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (MA) Tj ET Q q 0 0 0 rg BT 89.51 712.60 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 155.21 712.60 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 223.77 712.60 Td (TED BALANCE SHEET) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 671.10 316.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 671.10 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 671.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 671.10 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 642.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 642.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 642.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 642.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 612.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 612.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 612.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 612.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 582.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 582.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 582.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 582.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 552.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 552.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 552.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 552.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 522.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 522.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 522.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 522.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 492.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 492.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 492.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 492.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 462.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 462.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 462.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 462.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 432.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 432.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 432.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 432.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 402.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 402.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 402.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 402.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 372.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 372.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 372.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 372.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 342.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 342.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 342.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 342.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 312.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 312.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 312.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 312.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 285.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 285.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 285.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 285.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 258.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 258.10 73.00 -15.00 re f /GS0 gs 0.8 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(157,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 646.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 646.77 Td (253,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 631.77 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 631.77 Td (108,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 631.77 Td (63,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 616.77 Td (Assets of a business held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 616.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 616.77 Td (133,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 601.77 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 601.77 Td (45,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 601.77 Td (39,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.77 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 586.77 Td (312,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 586.77 Td (490,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 571.77 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 571.77 Td (62,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 571.77 Td (62,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 556.77 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 556.77 Td (1,250,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 556.77 Td (1,206,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 541.77 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 541.77 Td (230,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 541.77 Td (217,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 526.77 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 526.77 Td (245,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 526.77 Td (5,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 511.77 Td (Long-term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 511.77 Td (62,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 511.77 Td (55,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 496.77 Td (Other non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 496.77 Td (12,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 496.77 Td (10,560) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 481.78 Td (TOTAL ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 481.77 Td (2,175,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 481.77 Td (2,048,678) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.30 451.78 Td (LIABILITIES AND SHAREHOLDERS EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 451.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 451.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 436.78 Td (LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 436.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 436.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 421.77 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 421.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 421.77 Td (18,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 421.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 421.77 Td (7,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 406.77 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 406.77 Td (196,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 406.77 Td (161,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 391.77 Td (Liabilities of a business held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 391.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 391.77 Td (37,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 376.77 Td (Accrued expenses and other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 376.77 Td (126,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 376.77 Td (108,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 361.77 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 361.77 Td (340,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 361.77 Td (314,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 346.77 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 346.77 Td (1,253,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 346.77 Td (1,176,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 331.77 Td (Income taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 331.77 Td (8,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 331.77 Td (9,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 316.77 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 316.77 Td (29,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 316.77 Td (25,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 301.77 Td 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0.9333333333333333 1 rg /GS0 gs 71.50 212.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 212.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 212.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 212.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 185.10 336.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 185.10 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 185.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 185.10 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 159.10 336.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 159.10 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 159.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 159.10 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 133.10 336.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 133.10 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 133.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 133.10 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 107.10 336.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 107.10 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 107.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 107.10 64.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 683.1 m 471.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 683.1 m 475.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 683.1 m 539.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 683.1 m 471.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 670.1 m 471.5 670.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 683.1 m 475.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 683.1 m 539.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 670.1 m 539.5 670.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 464.1 m 471.5 464.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 464.1 m 539.5 464.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 464.1 m 471.5 464.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 451.1 m 471.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 464.1 m 539.5 464.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 451.1 m 539.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 451.1 m 471.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 451.1 m 539.5 451.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 366.1 m 471.5 366.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 343.1 m 471.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 366.1 m 539.5 366.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 343.1 m 539.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 343.1 m 471.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 343.1 m 539.5 343.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 212.10000000000002 m 471.5 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 212.10000000000002 m 539.5 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 212.10000000000002 m 471.5 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 198.10000000000002 m 471.5 198.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 212.10000000000002 m 539.5 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 198.10000000000002 m 539.5 198.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 198.10000000000002 m 471.5 198.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 198.10000000000002 m 539.5 198.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 159.10000000000002 m 471.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 159.10000000000002 m 539.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 133.10000000000002 m 471.5 133.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 133.10000000000002 m 539.5 133.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 107.10000000000002 m 471.5 107.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 95.10000000000002 m 471.5 95.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 93.10000000000002 m 471.5 93.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 107.10000000000002 m 539.5 107.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 95.10000000000002 m 539.5 95.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 93.10000000000002 m 539.5 93.10000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 686.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.40 687.33 Td (Nine Months Ended September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 673.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.00 674.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 674.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 660.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.20 661.33 Td (\(In thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 648.50 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 124.84 648.50 Td (om operating activities attributable to continuing operations:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 648.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 648.36 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 635.50 Td (Net earnings from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 635.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 635.36 Td (363,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 635.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 635.36 Td (103,526) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 621.56 Td (Adjustments to reconcile net earnings from continuing operations to net cash provided by) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 612.56 Td (operating activities attributable to continuing operations:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 599.36 Td (Stock-based compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 599.36 Td (53,627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 599.36 Td (40,810) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 587.36 Td (Depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 587.36 Td (23,619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 587.36 Td (20,119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 575.36 Td (Amortization of intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.75 575.36 Td (1,208) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 575.36 Td (15,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 563.36 Td (Deferred income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 563.36 Td (\(239,796) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 563.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 563.36 Td (\(3,123) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 563.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 551.36 Td (Acquisition-related contingent consideration fair value adjustments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.75 551.36 Td (4,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 551.36 Td (\(2,723) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 551.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 539.36 Td (Other adjustments, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 539.36 Td (16,578) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 539.36 Td (\(1,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 539.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 527.36 Td (Changes in assets and liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 515.36 Td (Accounts receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.25 515.36 Td (\(42,902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 515.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 515.36 Td (\(2,640) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 515.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 503.36 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 503.36 Td (\(9,001) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 503.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 503.36 Td (\(11,741) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 503.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 491.36 Td (Accounts payable and accrued expenses and other current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 491.36 Td (15,399) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 491.36 Td (5,244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 479.36 Td (Income taxes payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 479.36 Td (11,923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 479.36 Td (7,166) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 467.36 Td (Deferred revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 467.36 Td (30,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 467.36 Td (25,538) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 455.50 Td (Net cash provided by operating activities attributable to continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 455.36 Td (229,639) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 455.36 Td (195,474) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 442.50 Td (Cash flows from investing activities attributable to continuing operations:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 442.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 442.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 429.36 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 429.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 429.36 Td (\(456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 429.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 417.36 Td (Capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.25 417.36 Td (\(21,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 417.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 417.36 Td (\(36,983) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 417.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 405.36 Td (Proceeds from the sale of a business, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 405.36 Td (96,144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 405.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 393.36 Td (Proceeds from sale of a marketable security) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 393.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 393.36 Td (11,716) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 381.36 Td (Purchase of investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 381.36 Td (\(9,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 381.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 381.36 Td (\(500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 381.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 369.36 Td (Other, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 369.36 Td (41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 369.36 Td (4,600) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 356.55 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 117.83 356.55 Td (ovided by \(used in\) investing activities attributable to continuing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 83.00 347.55 Td (operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 347.56 Td (65,471) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 347.56 Td (\(21,623) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 347.56 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 334.50 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 124.84 334.50 Td (om financing activities attributable to continuing operations:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 334.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 334.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 321.36 Td (Term Loan borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 321.36 Td (75,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 321.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 309.36 Td (Proceeds from bond offering) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 309.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 309.36 Td (400,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 297.36 Td (Proceeds from issuance of common stock pursuant to stock-based awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 297.36 Td (57,705) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 297.36 Td (30,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 285.36 Td (Cash payments to purchase fully vested equity awards and pay withholding taxes on) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 276.36 Td (behalf of employees on net settled stock-based awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 276.56 Td (\(501,437) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 276.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 276.56 Td (\(29,779) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 276.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 263.36 Td (Principal payments on Term Loan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 263.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.75 263.36 Td (\(410,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 263.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 251.36 Td (Debt issuance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 251.36 Td (\(1,814) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 251.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 251.36 Td (\(5,048) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 251.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 239.36 Td (Purchase of redeemable noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 239.36 Td (\(436) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 239.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 239.36 Td (\(1,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 239.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 227.36 Td (Acquisition-related contingent consideration payments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.25 227.36 Td (\(23,429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 227.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 227.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 215.36 Td (Other, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 215.36 Td (\(165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 215.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 215.36 Td (\(12,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 215.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 202.55 Td (Net cash used in financing activities attributable to continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 202.56 Td (\(394,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 202.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 202.56 Td (\(27,891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 202.56 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 189.50 Td (T) Tj ET Q q 0 0 0 rg BT 79.18 189.50 Td (otal cash \(used in\) pr) Tj ET Q q 0 0 0 rg BT 159.52 189.50 Td (ovided by continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.25 189.36 Td (\(99,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 189.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 189.36 Td (145,960) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 176.36 Td (Net cash used in operating activities attributable to discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 176.36 Td (\(6,061) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 176.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 176.36 Td (\(643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 176.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 163.36 Td (Net cash used in investing activities attributable to discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 163.36 Td (\(471) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 163.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 163.36 Td (\(3,470) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 163.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 150.50 Td (T) Tj ET Q q 0 0 0 rg BT 79.18 150.50 Td (otal cash used in discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 150.36 Td (\(6,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 150.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.75 150.36 Td (\(4,113) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 150.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 137.36 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.75 137.36 Td (9,923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 137.36 Td (1,134) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 124.50 Td (Net \(decr) Tj ET Q q 0 0 0 rg BT 109.56 124.50 Td (ease\) incr) Tj ET Q q 0 0 0 rg BT 146.14 124.50 Td (ease in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.25 124.36 Td (\(96,075) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 124.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 124.36 Td (142,981) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 111.36 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 111.36 Td (253,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.25 111.36 Td (88,173) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 98.50 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 98.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 98.36 Td (157,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 98.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 98.36 Td (231,154) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.70 748.60 Td (Page 9 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 142.69 712.60 Td (TIONS OF) Tj ET Q q 0 0 0 rg BT 194.55 712.60 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 227.85 712.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.40 712.60 Td (T) Tj ET Q q 0 0 0 rg BT 237.54 712.60 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 307.51 712.60 Td ( MEASURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 676.60 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 676.60 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 676.60 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 676.60 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 676.60 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 292.75 676.60 Td (TING CASH FLOW) Tj ET Q q 0 0 0 rg BT 381.47 676.60 Td ( FROM CONTINUING ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 664.60 Td (OPERA) Tj ET Q q 0 0 0 rg BT 106.26 664.60 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 139.70 664.60 Td (T) Tj ET Q q 0 0 0 rg BT 146.19 664.60 Td (O FREE CASH FLOW) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 618.10 300.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 618.10 82.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 618.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 618.10 82.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 579.10 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 579.10 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 579.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 579.10 82.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 633.1 m 453.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 633.1 m 457.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 633.1 m 539.5 633.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 618.1 m 453.5 618.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 618.1 m 539.5 618.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 579.1 m 453.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 565.1 m 453.5 565.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 563.1 m 453.5 563.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 579.1 m 539.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 565.1 m 539.5 565.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 563.1 m 539.5 563.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.40 637.33 Td (Nine Months Ended September 30,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 622.55 Td (\(In millions, rounding differences may occur\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 622.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.00 622.33 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 608.67 Td (Net cash provided by operating activities attributable to continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 598.67 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 598.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 598.77 Td (229.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 598.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 598.77 Td (195.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 583.77 Td (Capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 583.82 Td (\(21.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 583.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 583.82 Td (\(37.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 583.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 568.77 Td (Free Cash Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 568.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 568.77 Td (208.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 568.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 568.77 Td (158.5) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 528.60 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 528.60 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 528.60 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 528.60 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 528.60 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 286.27 528.60 Td ( EPS ) Tj ET Q q 0 0 0 rg BT 309.43 528.60 Td (T) Tj ET Q q 0 0 0 rg BT 315.92 528.60 Td (O ) Tj ET Q q 0 0 0 rg BT 325.64 528.60 Td (ADJUSTED EPS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 482.10 206.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 482.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 482.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 482.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 482.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 482.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 482.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 482.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 443.10 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 443.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 443.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 443.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 443.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 443.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 443.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 443.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 403.10 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 403.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 403.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 403.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 403.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 403.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 403.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 403.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 363.10 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 363.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 363.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 363.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 363.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 363.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 363.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 363.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 338.10 206.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 338.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 338.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 338.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 338.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 338.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 338.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 338.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 289.10 206.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 289.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 289.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 289.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 289.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 289.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 289.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 289.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 250.10 206.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 250.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 250.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 250.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 250.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 250.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 250.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 250.10 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 216.10 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 216.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 216.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 216.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 216.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 216.10 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 216.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 216.10 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 497.1 m 339.5 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 497.1 m 343.5 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 497.1 m 406.5 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 497.1 m 473.5 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 482.1 m 339.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 482.1 m 406.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 497.1 m 473.5 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 482.1 m 473.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 497.1 m 477.5 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 497.1 m 540.5 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 482.1 m 540.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 482.1 m 339.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 482.1 m 406.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 482.1 m 473.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 482.1 m 540.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 363.1 m 339.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 349.1 m 339.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 347.1 m 339.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 363.1 m 406.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 349.1 m 406.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 347.1 m 406.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 363.1 m 473.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 349.1 m 473.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 347.1 m 473.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 363.1 m 540.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 349.1 m 540.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 347.1 m 540.5 347.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 289.1 m 339.5 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 289.1 m 406.5 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 289.1 m 473.5 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 289.1 m 540.5 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 289.1 m 406.5 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 289.1 m 473.5 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 289.1 m 540.5 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 250.10000000000002 m 406.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 250.10000000000002 m 473.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 250.10000000000002 m 540.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 250.10000000000002 m 339.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 227.10000000000002 m 339.5 227.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 225.10000000000002 m 339.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 250.10000000000002 m 406.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 227.10000000000002 m 406.5 227.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 225.10000000000002 m 406.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 250.10000000000002 m 473.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 227.10000000000002 m 473.5 227.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 225.10000000000002 m 473.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 250.10000000000002 m 540.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 227.10000000000002 m 540.5 227.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 225.10000000000002 m 540.5 225.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.25 501.33 Td (Three Months Ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.40 501.33 Td (Nine Months Ended September 30,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 486.55 Td (\(In thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.50 486.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.50 486.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.50 486.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 486.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 472.78 Td (Net earnings attributable to Match Group,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.00 462.78 Td (Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 462.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 462.77 Td (287,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 462.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 462.77 Td (56,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 462.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 462.77 Td (359,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 462.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 462.77 Td (97,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 447.77 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 447.77 Td (19,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 447.77 Td (10,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 447.77 Td (53,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 447.77 Td (40,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 432.77 Td (Amortization of intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 432.77 Td (401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 432.77 Td (3,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 432.77 Td (1,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 432.77 Td (15,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 417.77 Td (Acquisition-related contingent consideration fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 407.77 Td (value adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 407.77 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 407.82 Td (\(5,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 407.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 407.77 Td (4,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 407.82 Td (\(2,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 407.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 392.77 Td (Discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 392.77 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 392.82 Td (\(555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 392.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 392.77 Td (4,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 392.77 Td (5,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 377.77 Td (Impact of income taxes and noncontrolling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 367.77 Td (interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 367.82 Td (\(252,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 367.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 367.82 Td (\(4,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 367.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.80 367.82 Td (\(283,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 367.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 367.82 Td (\(17,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 367.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 352.78 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 352.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 352.77 Td (55,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 352.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 352.77 Td (60,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 352.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 352.77 Td (139,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 352.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 352.77 Td (138,853) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 328.78 Td (GAAP Basic weighted average shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.00 318.78 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 318.77 Td (267,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 318.77 Td (253,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 318.77 Td (260,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 318.77 Td (250,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 303.77 Td (Subsidiary denominated equity awards, stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 293.77 Td (options and RSUs, treasury method) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 293.77 Td (25,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 293.77 Td (16,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 293.77 Td (36,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 293.77 Td (18,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 279.78 Td (GAAP Diluted weighted average shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.00 269.78 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 269.77 Td (293,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 269.77 Td (270,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 269.77 Td (297,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 269.77 Td (268,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 254.77 Td (Impact of RSUs and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 254.77 Td (2,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 254.77 Td (991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 254.77 Td (1,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 254.77 Td (773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 240.78 Td (Adjusted EPS weighted average shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.00 230.78 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 230.77 Td (295,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 230.77 Td (271,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 230.77 Td (298,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 230.77 Td (269,483) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 205.78 Td (GAAP Diluted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 205.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 205.77 Td (0.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 205.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 205.77 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 205.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 205.77 Td (1.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 205.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 205.77 Td (0.36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 190.78 Td (Adjusted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 190.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 190.77 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 190.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 190.77 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 190.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 190.77 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 190.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 190.77 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 162.60 Td (For GAAP) Tj ET Q q 0 0 0 rg BT 115.25 162.60 Td ( diluted EPS purposes, RSUs, as well as performance-based RSUs and market-based awards for which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 150.60 Td (the applicable performance or market condition\(s\) have been met, are included on a treasury method basis. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 138.60 Td (Adjusted EPS purposes, the impact of RSUs on shares outstanding is based on the weighted average number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 126.60 Td (RSUs outstanding, including performance-based and market-based RSUs outstanding that the Company believes are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 114.60 Td (probable of vesting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 96.60 Td (The impact of income taxes adjusts for items excluded from ) Tj ET Q q 0 0 0 rg BT 314.15 96.60 Td (Adjusted Net Income, including income tax deductions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 84.60 Td (in connection with the exercise of equity awards.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.70 748.60 Td (Page 10 of 15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 713.25 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 713.25 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 713.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 713.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 286.27 713.25 Td ( MEASURE ) Tj ET Q q 0 0 0 rg BT 341.09 713.25 Td (T) Tj ET Q q 0 0 0 rg BT 347.58 713.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 411.19 713.25 Td ( MEASURE) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 607.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 149.50 607.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 607.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 607.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 607.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 607.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 681.75 m 145.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145.5 681.75 m 149.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 149.5 681.75 m 224.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 681.75 m 228.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 681.75 m 303.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 681.75 m 307.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 681.75 m 382.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 681.75 m 386.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 681.75 m 461.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 681.75 m 465.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 681.75 m 540.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 622.75 m 145.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 149.5 622.75 m 224.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 622.75 m 303.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 622.75 m 382.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 622.75 m 461.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 622.75 m 540.5 622.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 225.40 686.20 Td (Three Months Ended September 30, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 87.75 636.20 Td (Operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 93.25 627.20 Td (Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.20 636.20 Td (Stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.95 627.20 Td (compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.80 627.20 Td (Depreciation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.75 636.20 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.10 627.20 Td (ofIntangibles) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.95 672.20 Td (Acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.05 663.20 Td (related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.95 654.20 Td (Contingent) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.20 645.20 Td (Consideration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.45 636.20 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.70 627.20 Td (Adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 636.20 Td (Adjusted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.45 627.20 Td (EBITDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.80 611.98 Td (\(Inmillions, rounding differences 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531.75 m 303.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 531.75 m 307.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 531.75 m 382.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 531.75 m 386.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 531.75 m 461.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 531.75 m 465.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 531.75 m 540.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 531.75 m 145.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 472.75 m 145.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 149.5 472.75 m 224.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 472.75 m 303.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 472.75 m 382.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 472.75 m 461.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 472.75 m 540.5 472.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 225.40 536.20 Td (Three Months Ended September 30, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 87.75 486.20 Td (Operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 93.25 477.20 Td (Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.20 486.20 Td (Stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.95 477.20 Td (compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.80 477.20 Td (Depreciation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.75 486.20 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.10 477.20 Td (ofIntangibles) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.95 522.20 Td (Acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.05 513.20 Td (related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.95 504.20 Td (Contingent) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.20 495.20 Td (Consideration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.45 486.20 Td (Fair Value) Tj ET Q BT /F2 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75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 157.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 157.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 231.75 m 145.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145.5 231.75 m 149.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 149.5 231.75 m 224.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 231.75 m 228.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 231.75 m 303.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 231.75 m 307.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 231.75 m 382.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 231.75 m 386.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 231.75 m 461.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 231.75 m 465.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 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186.20 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.10 177.20 Td (ofIntangibles) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.95 222.20 Td (Acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.05 213.20 Td (related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.95 204.20 Td (Contingent) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.20 195.20 Td (Consideration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.45 186.20 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.70 177.20 Td (Adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 186.20 Td (Adjusted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.45 177.20 Td (EBITDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.80 161.98 Td (\(Inmillions, rounding differences may occur\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 147.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.15 147.42 Td (202.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.00 147.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.15 147.42 Td (40.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.00 147.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 147.42 Td (20.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 147.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 147.42 Td (15.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 147.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 147.47 Td (\(2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 147.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 147.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.15 147.42 Td (275.8) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 748.60 Td (Page 1) Tj ET Q q 0 0 0 rg BT 511.67 748.60 Td (1 of 15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 713.25 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 713.25 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 713.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 713.25 Td ( MARGINS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 681.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 681.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 681.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 681.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 651.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 651.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 651.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 651.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 621.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 621.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 621.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 591.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 591.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 591.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 591.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 681.75 m 465.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 681.75 m 539.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 681.75 m 465.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 681.75 m 539.5 681.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 686.20 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.35 686.43 Td (Q3 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.35 686.43 Td (Q3 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 671.62 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 671.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 671.42 Td (343,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 671.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 671.42 Td (287,530) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 641.62 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 641.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 641.42 Td (91,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 641.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 641.42 Td (90,938) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 626.62 Td (Operating income margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 626.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 626.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 626.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 626.42 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 596.62 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 596.42 Td (119,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 596.42 Td (107,101) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 581.62 Td (Adjusted EBITDA Margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 581.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 581.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 581.42 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 581.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 553.25 Td (See preceding tables for reconciliation of operating income to ) Tj ET Q q 0 0 0 rg BT 321.08 553.25 Td (Adjusted EBITDA.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 526.25 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 526.25 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 526.25 Td ( RECONCILA) Tj ET Q q 0 0 0 rg BT 210.52 526.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 252.10 526.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 282.38 526.25 Td ( REVENUE ) Tj ET Q q 0 0 0 rg BT 336.09 526.25 Td (T) Tj ET Q q 0 0 0 rg BT 342.58 526.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 406.19 526.25 Td ( REVENUE, EXCLUDING ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 514.25 Td (FOREIGN EXCHANGE EFFECTS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 467.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 467.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 467.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 467.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 467.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 467.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 467.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 467.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 437.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 437.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 437.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 437.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 437.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 437.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 437.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 437.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 407.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 407.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 407.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 407.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 407.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 407.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 407.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 407.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 377.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 377.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 377.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 377.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 377.75 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 482.75 m 371.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 482.75 m 375.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 482.75 m 427.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 482.75 m 431.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 482.75 m 483.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 482.75 m 487.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 482.75 m 539.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 482.75 m 371.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 467.75 m 371.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 467.75 m 427.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 467.75 m 483.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.75 m 539.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 467.75 m 371.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 467.75 m 427.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 467.75 m 483.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.75 m 539.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 437.75 m 371.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 437.75 m 371.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 423.75 m 371.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 421.75 m 371.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 437.75 m 539.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 423.75 m 539.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 421.75 m 539.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 362.75 m 371.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 362.75 m 371.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 336.75 m 371.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 334.75 m 371.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 362.75 m 539.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 336.75 m 539.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 334.75 m 539.5 334.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 487.20 Td (\(Dollars in thousands, except ARPPU\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.25 486.98 Td (Three Months Ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.00 471.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.85 471.98 Td (Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.85 471.98 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 471.98 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 457.62 Td (Revenue, as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 457.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 457.42 Td (343,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 457.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 457.42 Td (55,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 457.42 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 457.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.10 457.42 Td (287,530) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 442.62 Td (Foreign exchange effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.80 442.47 Td (\(1,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 442.42 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 427.62 Td (Revenue Excluding Foreign Exchange Effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 427.42 Td (341,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 427.42 Td (53,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 427.42 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.10 427.42 Td (287,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 399.00 Td (\(Change calculated using non-rounded numbers\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 382.62 Td (International ARPPU, as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 382.42 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 382.42 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 382.42 Td (0.50) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 367.62 Td (Foreign exchange effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.80 367.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 367.42 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 351.67 Td (International ARPPU, excluding foreign exchange) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 83.00 340.67 Td (effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 340.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 340.42 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 340.42 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 340.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 340.42 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 283.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 283.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 283.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 283.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 283.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 283.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 283.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 283.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 253.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 253.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 253.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 253.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 253.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 223.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 223.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 223.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 223.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 223.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 223.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 223.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 223.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 193.75 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 193.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 193.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 193.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 193.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 193.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 193.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 193.75 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 298.75 m 371.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 298.75 m 375.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 298.75 m 427.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 298.75 m 431.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 298.75 m 483.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 298.75 m 487.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 298.75 m 539.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 298.75 m 371.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 283.75 m 371.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 283.75 m 427.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 283.75 m 483.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 283.75 m 539.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 283.75 m 371.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 283.75 m 427.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 283.75 m 483.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 283.75 m 539.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 253.75 m 371.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 253.75 m 371.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 239.75 m 371.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 237.75 m 371.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 253.75 m 539.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 239.75 m 539.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 237.75 m 539.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 178.75 m 371.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 178.75 m 371.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 152.75 m 371.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 150.75 m 371.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 178.75 m 539.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 152.75 m 539.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 150.75 m 539.5 150.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 303.20 Td (\(Dollars in thousands, except ARPPU\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.40 302.98 Td (Nine Months Ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.00 287.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.85 287.98 Td (Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.85 287.98 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 287.98 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 273.62 Td (Revenue, as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 273.42 Td (951,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 273.42 Td (128,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 273.42 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.10 273.42 Td (823,240) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 258.62 Td (Foreign exchange effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.15 258.42 Td (6,535) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 243.62 Td (Revenue Excluding Foreign Exchange Effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 243.42 Td (958,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 243.42 Td (135,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 243.42 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.10 243.42 Td (823,240) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 215.00 Td (\(Change calculated using non-rounded numbers\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 198.62 Td (International ARPPU, as reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 198.42 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 198.42 Td (\(1\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 198.42 Td (0.50) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 183.62 Td (Foreign exchange effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 183.42 Td (0.01) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 167.67 Td (International ARPPU, excluding foreign exchange) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 83.00 156.67 Td (effects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 156.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 156.42 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 156.42 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 156.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 156.42 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.70 748.60 Td (Page 12 of 15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 167.75 713.25 Td (MA) Tj ET Q q 0 0 0 rg BT 182.76 713.25 Td (TCH GROUPS PRINCIPLES OF) Tj ET Q q 0 0 0 rg BT 326.76 713.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 383.91 713.25 Td ( REPORTING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 689.25 Td (Match Group reports ) Tj ET Q q 0 0 0 rg BT 180.32 689.25 Td (Adjusted EBITDA, ) Tj ET Q q 0 0 0 rg BT 260.03 689.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 334.75 689.25 Td ( Mar) Tj ET Q q 0 0 0 rg BT 353.73 689.25 Td (gin, ) Tj ET Q q 0 0 0 rg BT 370.96 689.25 Td (Adjusted Net Income, ) Tj ET Q q 0 0 0 rg BT 460.94 689.25 Td (Adjusted EPS, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.25 Td (Revenue Excluding Foreign Exchange Ef) Tj ET Q q 0 0 0 rg BT 237.88 677.25 Td (fects and Free Cash Flow) Tj ET Q q 0 0 0 rg BT 338.88 677.25 Td (, all of which are supplemental measures to U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.25 Td (generally accepted accounting principles \(GAAP\). ) Tj ET Q q 0 0 0 rg BT 287.56 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 305.06 665.25 Td (Adjusted EBITDA, ) Tj ET Q q 0 0 0 rg BT 384.77 665.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 459.49 665.25 Td ( Mar) Tj ET Q q 0 0 0 rg BT 478.47 665.25 Td (gin, ) Tj ET Q q 0 0 0 rg BT 495.70 665.25 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.25 Td (Net Income, ) Tj ET Q q 0 0 0 rg BT 123.37 653.25 Td (Adjusted EPS and Free Cash Flow measures are among the primary metrics by which we evaluate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.25 Td (performance of our business, on which our internal budget is based and by which management is compensated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (Revenue Excluding Foreign Exchange Ef) Tj ET Q q 0 0 0 rg BT 237.88 629.25 Td (fects provides a comparable framework for assessing how our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.25 Td (performed in light of the ef) Tj ET Q q 0 0 0 rg BT 180.39 617.25 Td (fect of exchange rate dif) Tj ET Q q 0 0 0 rg BT 277.38 617.25 Td (ferences when compared to prior periods. ) Tj ET Q q 0 0 0 rg BT 448.24 617.25 Td (W) Tj ET Q q 0 0 0 rg BT 456.88 617.25 Td (e believe that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.25 Td (investors should have access to, and we are obligated to provide, the same set of tools that we use in analyzing our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 105.43 593.25 Td (These non-GAAP) Tj ET Q q 0 0 0 rg BT 176.99 593.25 Td ( measures should be considered in addition to results prepared in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 532.17 593.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (but should not be considered a substitute for or superior to GAAP) Tj ET Q q 0 0 0 rg BT 334.65 581.25 Td ( results. Match Group endeavors to compensate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 569.25 Td (for the limitations of the non-GAAP) Tj ET Q q 0 0 0 rg BT 216.89 569.25 Td ( measures presented by providing the comparable GAAP) Tj ET Q q 0 0 0 rg BT 444.51 569.25 Td ( measures with equal or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.25 Td (greater prominence and descriptions of the reconciling items, including quantifying such items, to derive the non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 98.86 545.25 Td ( measures. ) Tj ET Q q 0 0 0 rg BT 145.88 545.25 Td (W) Tj ET Q q 0 0 0 rg BT 154.52 545.25 Td (e encourage investors to examine the reconciling adjustments, which we describe below) Tj ET Q q 0 0 0 rg BT 505.97 545.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 533.25 Td (between the GAAP) Tj ET Q q 0 0 0 rg BT 149.39 533.25 Td ( and non-GAAP) Tj ET Q q 0 0 0 rg BT 214.01 533.25 Td ( measures. Interim results are not necessarily indicative of the results that may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 521.25 Td (be expected for a full year) Tj ET Q q 0 0 0 rg BT 176.11 521.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 497.25 Td (Definitions of Non-GAAP) Tj ET Q q 0 0 0 rg BT 178.86 497.25 Td ( Measures) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 471.9169921875 m 449.6220703125 471.9169921875 l s q 0 0 0 rg BT 72.00 473.25 Td (Adjusted Earnings Before Interest, ) Tj ET Q q 0 0 0 rg BT 213.17 473.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.58 473.25 Td (axes, Depreciation and ) Tj ET Q q 0 0 0 rg BT 311.87 473.25 Td (Amortization \(Adjusted EBITDA\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.62 473.25 Td ( is defined as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.25 Td (operating income excluding: \(1\) stock-based compensation expense; \(2\) depreciation; and \(3\) acquisition-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.25 Td (items consisting of \(i\) amortization of intangible assets and impairments of goodwill and intangible assets and \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.25 Td (gains and losses recognized on changes in the fair value of contingent consideration arrangements. ) Tj ET Q q 0 0 0 rg BT 471.13 437.25 Td (W) Tj ET Q q 0 0 0 rg BT 479.77 437.25 Td (e believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 146.72 425.25 Td ( is useful for analysts and investors as this measure allows a more meaningful comparison ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.25 Td (between our performance and that of our competitors. ) Tj ET Q q 0 0 0 rg BT 292.29 413.25 Td (The above items are excluded from our ) Tj ET Q q 0 0 0 rg BT 451.40 413.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 526.12 413.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.25 Td (measure because these items are non-cash in nature, and we believe that by excluding these items, ) Tj ET Q q 0 0 0 rg BT 466.30 401.25 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 108.11 389.25 Td ( corresponds more closely to the cash operating income generated from our business, from which capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.25 Td (investments are made and debt is serviced. ) Tj ET Q q 0 0 0 rg BT 247.22 377.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 321.94 377.25 Td ( has certain limitations in that it does not take into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.25 Td (account the impact to our consolidated statement of operations of certain expenses.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 339.9169921875 m 178.474609375 339.9169921875 l s q 0 0 0 rg BT 72.00 341.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 146.72 341.25 Td ( Mar) Tj ET Q q 0 0 0 rg BT 165.70 341.25 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.47 341.25 Td ( is defined as ) Tj ET Q q 0 0 0 rg BT 232.91 341.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 307.63 341.25 Td ( divided by revenues. ) Tj ET Q q 0 0 0 rg BT 397.98 341.25 Td (W) Tj ET Q q 0 0 0 rg BT 406.61 341.25 Td (e believe ) Tj ET Q q 0 0 0 rg BT 444.37 341.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 519.09 341.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.25 Td (mar) Tj ET Q q 0 0 0 rg BT 87.37 329.25 Td (gin is useful for analysts and investors as this measure allows a more meaningful comparison between our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.25 Td (performance and that of our competitors. ) Tj ET Q q 0 0 0 rg BT 240.28 317.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 314.99 317.25 Td ( mar) Tj ET Q q 0 0 0 rg BT 332.86 317.25 Td (gin corresponds more closely to the cash operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (income mar) Tj ET Q q 0 0 0 rg BT 119.30 305.25 Td (gin generated from our business, from which capital investments are made and debt is serviced. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 293.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 146.72 293.25 Td ( mar) Tj ET Q q 0 0 0 rg BT 164.58 293.25 Td (gin has certain limitations in that it does not take into account the impact to our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 281.25 Td (statement of operations of certain expenses.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 255.9169921875 m 157.5322265625 255.9169921875 l s q 0 0 0 rg BT 72.00 257.25 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.53 257.25 Td ( generally captures all items on the statement of operations that have been, or ultimately will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.25 Td (be, settled in cash and is defined as net earnings attributable to Match Group, Inc. shareholders excluding, net of tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.25 Td (ef) Tj ET Q q 0 0 0 rg BT 79.59 233.25 Td (fects and noncontrolling interests, if applicable: \(1\) stock-based compensation expense, \(2\) acquisition-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.25 Td (items consisting of \(i\) amortization of intangibles and impairments of goodwill and intangible assets and \(ii\) gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 209.25 Td (and losses recognized on changes in the fair value of contingent consideration arrangements, and \(3\) discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.25 Td (operations, net of tax. ) Tj ET Q q 0 0 0 rg BT 163.74 197.25 Td (W) Tj ET Q q 0 0 0 rg BT 172.38 197.25 Td (e believe ) Tj ET Q q 0 0 0 rg BT 210.13 197.25 Td (Adjusted Net Income is useful to investors because it represents Match Group) Tj ET Q q 0 0 0 rg BT 524.78 197.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.25 Td (consolidated results taking into account depreciation, which management believes is an ongoing cost of doing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.25 Td (business, as well as other char) Tj ET Q q 0 0 0 rg BT 192.34 173.25 Td (ges that are not allocated to the operating businesses such as interest expense, income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.25 Td (taxes and noncontrolling interests, but excluding the ef) Tj ET Q q 0 0 0 rg BT 291.21 161.25 Td (fects of any other non-cash expenses and discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 149.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 123.9169921875 m 127.83984375 123.9169921875 l s q 0 0 0 rg BT 72.00 125.25 Td (Adjusted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.84 125.25 Td ( is defined as ) Tj ET Q q 0 0 0 rg BT 182.27 125.25 Td (Adjusted Net Income divided by fully diluted weighted average shares outstanding for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.25 Td (Adjusted EPS purposes. ) Tj ET Q q 0 0 0 rg BT 173.21 113.25 Td (W) Tj ET Q q 0 0 0 rg BT 181.85 113.25 Td (e include dilution from options in accordance with the treasury stock method and include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.25 Td (all restricted stock units \(RSUs\) in shares outstanding for ) Tj ET Q q 0 0 0 rg BT 311.68 101.25 Td (Adjusted EPS, with performance-based RSUs included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.25 Td (based on the number of shares that the Company believes are probable of vesting. ) Tj ET Q q 0 0 0 rg BT 403.94 89.25 Td (This dif) Tj ET Q q 0 0 0 rg BT 435.15 89.25 Td (fers from the GAAP) Tj ET Q q 0 0 0 rg BT 516.15 89.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.25 Td (method for including RSUs, which are treated on a treasury method, and performance-based RSUs, which are ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.70 748.60 Td (Page 13 of 15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (included for GAAP) Tj ET Q q 0 0 0 rg BT 149.95 713.10 Td ( purposes only to the extent the applicable performance condition\(s\) have been met \(assuming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 701.10 Td (the end of the reporting period is the end of the contingency period\), which increases shares outstanding for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (Adjusted EPS purposes. Market-based awards are included in both GAAP) Tj ET Q q 0 0 0 rg BT 370.74 689.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 389.63 689.10 Td (Adjusted EPS only to the extent that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (the market condition\(s\) have been met \(assuming the end of the reporting period is the end of the contingency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (period\). ) Tj ET Q q 0 0 0 rg BT 108.20 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.83 665.10 Td (e believe ) Tj ET Q q 0 0 0 rg BT 154.59 665.10 Td (Adjusted EPS is useful to investors because it represents, on a per share basis, Match Group) Tj ET Q q 0 0 0 rg BT 525.35 665.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (consolidated results, taking into account depreciation, which we believe is an ongoing cost of doing business, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.10 Td (well as other char) Tj ET Q q 0 0 0 rg BT 142.62 641.10 Td (ges, which are not allocated to the operating businesses such as interest expense, income taxes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.10 Td (noncontrolling interests, but excluding the ef) Tj ET Q q 0 0 0 rg BT 251.22 629.10 Td (fects of any other non-cash expenses, and is computed in a manner that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.10 Td (is generally consistent with management) Tj ET Q q 0 0 0 rg BT 237.51 617.10 Td (s view of dilution. ) Tj ET Q q 0 0 0 rg BT 314.73 617.10 Td (Adjusted Net Income and ) Tj ET Q q 0 0 0 rg BT 419.15 617.10 Td (Adjusted EPS have the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.10 Td (limitations as ) Tj ET Q q 0 0 0 rg BT 127.56 605.10 Td (Adjusted EBITDA. ) Tj ET Q q 0 0 0 rg BT 207.64 605.10 Td (Therefore, we think it is important to evaluate these measures along with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (consolidated statement of operations.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 567.7669921875 m 256.755859375 567.7669921875 l s q 0 0 0 rg BT 72.00 569.10 Td (Revenue Excluding Foreign Exchange Ef) Tj ET Q q 0 0 0 rg BT 237.88 569.10 Td (fects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.76 569.10 Td ( is calculated by translating current period revenues using prior period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (exchange rates. ) Tj ET Q q 0 0 0 rg BT 138.45 557.10 Td (The percentage change in Revenue Excluding Foreign Exchange Ef) Tj ET Q q 0 0 0 rg BT 409.27 557.10 Td (fects is calculated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (determining the change in current period revenues over prior period revenues where current period revenues are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 533.10 Td (translated using prior period exchange rates. ) Tj ET Q q 0 0 0 rg BT 253.98 533.10 Td (W) Tj ET Q q 0 0 0 rg BT 262.62 533.10 Td (e believe the impact of foreign exchange rates on Match Group, due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 521.10 Td (to its global reach, may be an important factor in understanding period over period comparisons if movement in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.10 Td (rates is significant. Since our results are reported in U.S. dollars, international revenues are favorably impacted as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (the U.S. dollar weakens relative to other foreign currencies, and unfavorably impacted as the U.S dollar strengthens ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (relative to other foreign currencies. ) Tj ET Q q 0 0 0 rg BT 217.59 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.22 485.10 Td (e believe the presentation of revenue excluding foreign exchange in addition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (to reported revenue helps improve the ability to understand Match Group) Tj ET Q q 0 0 0 rg BT 367.47 473.10 Td (s performance because it excludes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (impact of foreign currency volatility that is not indicative of Match Group) Tj ET Q q 0 0 0 rg BT 371.08 461.10 Td (s core operating results.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 435.7669921875 m 135.330078125 435.7669921875 l s q 0 0 0 rg BT 72.00 437.10 Td (Free Cash Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.33 437.10 Td ( is defined as net cash provided by operating activities from continuing operations, less capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 130.41 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.05 425.10 Td (e believe Free Cash Flow is useful to investors because it represents the cash that our operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (businesses generate, before taking into account non-operational cash movements. Free Cash Flow has certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (limitations in that it does not represent the total increase or decrease in the cash balance for the period, nor does it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.10 Td (represent the residual cash flow for discretionary expenditures. ) Tj ET Q q 0 0 0 rg BT 328.39 389.10 Td (Therefore, we think it is important to evaluate Free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (Cash Flow along with our consolidated statement of cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 353.10 Td (e look at Free Cash Flow as a measure of the strength and performance of our businesses, not for valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (purposes. In our view) Tj ET Q q 0 0 0 rg BT 160.50 341.10 Td (, applying multiples to Free Cash Flow is inappropriate because it is subject to timing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (seasonality and one-time events. ) Tj ET Q q 0 0 0 rg BT 206.78 329.10 Td (W) Tj ET Q q 0 0 0 rg BT 215.42 329.10 Td (e manage our business for cash and we think it is of utmost importance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.10 Td (maximize cash but our primary valuation metrics are ) Tj ET Q q 0 0 0 rg BT 292.76 317.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 367.48 317.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 386.37 317.10 Td (Adjusted EPS.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (Non-Cash Expenses ) Tj ET Q q 0 0 0 rg BT 159.06 293.10 Td (That ) Tj ET Q q 0 0 0 rg BT 181.57 293.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 193.05 293.10 Td (e Excluded Fr) Tj ET Q q 0 0 0 rg BT 252.86 293.10 Td (om Our) Tj ET Q q 0 0 0 rg BT 286.29 293.10 Td ( Non-GAAP) Tj ET Q q 0 0 0 rg BT 337.68 293.10 Td ( Measur) Tj ET Q q 0 0 0 rg BT 372.77 293.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 267.7669921875 m 213.6259765625 267.7669921875 l s q 0 0 0 rg BT 72.00 269.10 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.63 269.10 Td ( consists principally of expense associated with the grants of stock options, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (RSUs, performance-based RSUs and market-based awards. ) Tj ET Q q 0 0 0 rg BT 314.25 257.10 Td (These expenses are not paid in cash, and we include the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (related shares in our fully diluted shares outstanding using the treasury stock method; however) Tj ET Q q 0 0 0 rg BT 450.12 245.10 Td (, performance-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (RSUs and market-based awards are included only to the extent the applicable performance or market condition\(s\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.10 Td (have been met \(assuming the end of the reporting period is the end of the contingency period\). ) Tj ET Q q 0 0 0 rg BT 454.20 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 462.84 221.10 Td (e view the true ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (cost of stock options, RSUs, performance-based RSUs and market-based awards as the dilution to our share base, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (and such awards are included in our shares outstanding for ) Tj ET Q q 0 0 0 rg BT 308.60 197.10 Td (Adjusted EPS purposes as described above under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.10 Td (definition of ) Tj ET Q q 0 0 0 rg BT 123.66 185.10 Td (Adjusted EPS. Upon the vesting of RSUs, performance-based RSUs and market-based awards, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (awards are settled on a net basis, with the Company remitting the required tax-withholding amount from its current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (funds. Certain awards provide the employee the option to pay the applicable strike price and withholding taxes or to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 149.10 Td (allow for the award to be net settled.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 123.76699218750002 m 123.640625 123.76699218750002 l s q 0 0 0 rg BT 72.00 125.10 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.64 125.10 Td ( is a non-cash expense relating to our property and equipment and is computed using the straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.10 Td (method to allocate the cost of depreciable assets to operations over their estimated useful lives, or) Tj ET Q q 0 0 0 rg BT 462.03 113.10 Td (, in the case of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (leasehold improvements, the lease term, if shorter) Tj ET Q q 0 0 0 rg BT 270.83 101.10 Td (.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.70 748.60 Td (Page 14 of 15) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 711.7669921875 m 408.044921875 711.7669921875 l s q 0 0 0 rg BT 72.00 713.10 Td (Amortization of intangible assets and impairments of goodwill and intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.04 713.10 Td ( are non-cash expenses related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 701.10 Td (primarily to acquisitions. ) Tj ET Q q 0 0 0 rg BT 174.21 701.10 Td (At the time of an acquisition, the identifiable definite-lived intangible assets of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (acquired company) Tj ET Q q 0 0 0 rg BT 144.93 689.10 Td (, such as customer lists, trade names and technology) Tj ET Q q 0 0 0 rg BT 353.12 689.10 Td (, are valued and amortized over their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (estimated lives. ) Tj ET Q q 0 0 0 rg BT 139.03 677.10 Td (V) Tj ET Q q 0 0 0 rg BT 145.14 677.10 Td (alue is also assigned to acquired indefinite-lived intangible assets, which comprise trade names ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (and trademarks, and goodwill that are not subject to amortization. ) Tj ET Q q 0 0 0 rg BT 339.43 665.10 Td (An impairment is recorded when the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (value of an intangible asset or goodwill exceeds its fair value. ) Tj ET Q q 0 0 0 rg BT 323.68 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 332.32 653.10 Td (e believe that intangible assets represent costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.10 Td (incurred by the acquired company to build value prior to acquisition and the related amortization and impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.10 Td (char) Tj ET Q q 0 0 0 rg BT 89.03 629.10 Td (ges of intangible assets or goodwill, if applicable, are not ongoing costs of doing business.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 603.7669921875 m 466.033203125 603.7669921875 l s q 0 0 0 rg BT 72.00 605.10 Td (Gains and losses recognized on changes in the fair value of contingent consideration arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.03 605.10 Td ( are accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (adjustments to report contingent consideration liabilities at fair value. ) Tj ET Q q 0 0 0 rg BT 354.80 593.10 Td (These adjustments can be highly variable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.10 Td (are excluded from our assessment of performance because they are considered non-operational in nature and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (therefore, are not indicative of current or future performance or the ongoing cost of doing business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 184.50 521.10 Td (DEFINITION OF) Tj ET Q q 0 0 0 rg BT 260.72 521.10 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 296.01 521.10 Td (TING METRIC TERMS USED) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 86.26 497.10 Td (ect Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.63 497.10 Td ( - is revenue that is directly received from an end user of our products.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 479.10 Td (Indir) Tj ET Q q 0 0 0 rg BT 94.05 479.10 Td (ect Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.42 479.10 Td ( - is revenue that is not received directly from an end user of our products, substantially all of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 467.10 Td (which is advertising revenue.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.48 449.10 Td (verage PMC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.06 449.10 Td ( - is calculated by summing the number of paid members, or paid member count \(PMC\), at the end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (of each day in the relevant measurement period and dividing it by the number of calendar days in that period. PMC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (as of any given time represents the number of users with a paid membership at that time. Users who purchase only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (la carte features from us do not qualify as paid members for purposes of PMC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 395.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.48 395.10 Td (verage Revenue Per) Tj ET Q q 0 0 0 rg BT 163.26 395.10 Td ( Paying User) Tj ET Q q 0 0 0 rg BT 217.52 395.10 Td ( \(ARPPU\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.56 395.10 Td ( - is Direct Revenue from paid members in the relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 383.10 Td (measurement period \(whether in the form of subscription payments or la carte payments\) divided by the ) Tj ET Q q 0 0 0 rg BT 496.59 383.10 Td (A) Tj ET Q q 0 0 0 rg BT 503.07 383.10 Td (verage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 371.10 Td (PMC in such period divided by the number of calendar days in such period.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.70 748.60 Td (Page 15 of 15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.95 713.25 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 335.58 713.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 689.25 Td (Safe Harbor) Tj ET Q q 0 0 0 rg BT 124.87 689.25 Td ( Statement Under) Tj ET Q q 0 0 0 rg BT 200.23 689.25 Td ( the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 375.74 689.25 Td (Act of 1995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.25 Td (This press release and our conference call, which will be held at 8:30 a.m. Eastern ) Tj ET Q q 0 0 0 rg BT 402.81 665.25 Td (T) Tj ET Q q 0 0 0 rg BT 408.56 665.25 Td (ime on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.56 665.25 Td (November8, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.26 665.25 Td (, may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.25 Td (contain forward-looking statements within the meaning of the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 478.01 653.25 Td (Act of 1995. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.25 Td (The use of words such as anticipates, estimates, expects, plans and believes, among others, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (identify forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 220.67 629.25 Td (These forward-looking statements include, among others, statements relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.25 Td (to: Match Group) Tj ET Q q 0 0 0 rg BT 141.43 617.25 Td (s future financial performance, Match Group) Tj ET Q q 0 0 0 rg BT 323.58 617.25 Td (s business prospects and strategy) Tj ET Q q 0 0 0 rg BT 454.58 617.25 Td (, anticipated trends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.25 Td (and other similar matters. ) Tj ET Q q 0 0 0 rg BT 176.51 605.25 Td (These forward-looking statements are based on management) Tj ET Q q 0 0 0 rg BT 421.98 605.25 Td (s current expectations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.25 Td (assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (that are dif) Tj ET Q q 0 0 0 rg BT 115.13 581.25 Td (ficult to predict.) 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