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IAC Inc. – ‘10-Q’ for 6/30/23 – ‘EX-31.3’

On:  Tuesday, 8/8/23, at 4:33pm ET   ·   For:  6/30/23   ·   Accession #:  1800227-23-28   ·   File #:  1-39356

Previous ‘10-Q’:  ‘10-Q’ on 5/9/23 for 3/31/23   ·   Next:  ‘10-Q’ on 11/7/23 for 9/30/23   ·   Latest:  ‘10-Q’ on 5/7/24 for 3/31/24   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/08/23  IAC Inc.                          10-Q        6/30/23   79:13M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.92M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 4: EX-31.3     Certification -- §302 - SOA'02                      HTML     28K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     24K 
 7: EX-32.3     Certification -- §906 - SOA'02                      HTML     24K 
13: R1          Cover Page                                          HTML     79K 
14: R2          Consolidated Balance Sheet                          HTML    147K 
15: R3          Consolidated Balance Sheet (Parenthetical)          HTML     37K 
16: R4          Consolidated Statement of Operations                HTML    125K 
17: R5          Consolidated Statement of Comprehensive Operations  HTML     71K 
18: R6          Consolidated Statement of Shareholders' Equity      HTML    151K 
19: R7          Consolidated Statement of Shareholders' Equity      HTML     29K 
                (Parenthetical)                                                  
20: R8          Consolidated Statement of Cash Flows                HTML    145K 
21: R9          The Company and Summary of Significant Accounting   HTML     48K 
                Policies                                                         
22: R10         Dotdash Meredith Restructuring Charges              HTML     79K 
                Transaction-Related Expenses                                     
23: R11         Financial Instruments and Fair Value Measurements   HTML    174K 
24: R12         Long-Term Debt                                      HTML     50K 
25: R13         Accumulated Other Comprehensive Loss                HTML     75K 
26: R14         Segment Information                                 HTML    507K 
27: R15         Pension and Postretirement Benefit Plans            HTML     77K 
28: R16         Income Taxes                                        HTML     35K 
29: R17         (Loss) Earnings Per Share                           HTML     79K 
30: R18         Financial Statement Details                         HTML     77K 
31: R19         Contingencies                                       HTML     28K 
32: R20         Related Party Transactions                          HTML     33K 
33: R21         Pay vs Performance Disclosure                       HTML     35K 
34: R22         Insider Trading Arrangements                        HTML     29K 
35: R23         The Company and Summary of Significant Accounting   HTML     60K 
                Policies (Policies)                                              
36: R24         Dotdash Meredith Restructuring Charges              HTML     79K 
                Transaction-Related Expenses (Tables)                            
37: R25         Financial Instruments and Fair Value Measurements   HTML    178K 
                (Tables)                                                         
38: R26         Long-Term Debt (Tables)                             HTML     43K 
39: R27         Accumulated Other Comprehensive Loss (Tables)       HTML     74K 
40: R28         Segment Information (Tables)                        HTML    510K 
41: R29         Pension and Postretirement Benefit Plans (Tables)   HTML     75K 
42: R30         (Loss) Earnings Per Share (Tables)                  HTML     77K 
43: R31         Financial Statement Details (Tables)                HTML     94K 
44: R32         THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING   HTML     74K 
                POLICIES - Narrative (Details)                                   
45: R33         DOTDASH MEREDITH RESTRUCTURING CHARGES              HTML     32K 
                TRANSACTION-RELATED EXPENSES - Narrative (Details)               
46: R34         Dotdash Meredith Restructuring Charges              HTML     57K 
                Transaction-Related Expenses (Details)                           
47: R35         Dotdash Meredith Restructuring Charges              HTML     37K 
                Transaction-Related Expenses - Allocation of                     
                Restructuring Costs (Details)                                    
48: R36         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     30K 
                - Fair Value of Marketable Securities (Details)                  
49: R37         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     93K 
                - Narrative (Details)                                            
50: R38         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     39K 
                - Current Available-for-Sale Marketable Securities               
                (Details)                                                        
51: R39         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     25K 
                - Investments in MGM Resorts International                       
                (Details)                                                        
52: R40         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     30K 
                - Long-term Investments (Details)                                
53: R41         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     38K 
                - Realized and Unrealized Gains and Losses                       
                (Details)                                                        
54: R42         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     78K 
                - Assets and Liabilities Measured at Fair Value on               
                a Recurring Basis (Details)                                      
55: R43         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     39K 
                - Changes in Level 3 Assets and Liabilities                      
                Measured at Fair Value on a Recurring Basis                      
                (Details)                                                        
56: R44         FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS   HTML     35K 
                - Carrying Value and Fair Value of Financial                     
                Instruments (Details)                                            
57: R45         LONG-TERM DEBT - Summary (Details)                  HTML     58K 
58: R46         LONG-TERM DEBT - Narrative (Details)                HTML    134K 
59: R47         Accumulated Other Comprehensive Loss (Details)      HTML     88K 
60: R48         SEGMENT INFORMATION - Revenue by Reportable         HTML     63K 
                Segment (Details)                                                
61: R49         SEGMENT INFORMATION - Revenue Disaggregated by      HTML    119K 
                Service (Details)                                                
62: R50         SEGMENT INFORMATION - Revenue and Long-Lived        HTML     40K 
                Assets (Details)                                                 
63: R51         SEGMENT INFORMATION - Operating (Loss) Income and   HTML     76K 
                Adjusted EBITDA (Details)                                        
64: R52         SEGMENT INFORMATION - Reconciliation of Adjusted    HTML    145K 
                EBITDA to Operating Income (Details)                             
65: R53         PENSION AND POSTRETIREMENT BENEFIT PLANS -          HTML     52K 
                Components of Net Periodic Benefit Costs (Details)               
66: R54         PENSION AND POSTRETIREMENT BENEFIT PLANS -          HTML     33K 
                Narrative (Details)                                              
67: R55         PENSION AND POSTRETIREMENT BENEFIT PLANS -          HTML     28K 
                Expected Return on Plan Assets (Details)                         
68: R56         INCOME TAXES - Narrative (Details)                  HTML     55K 
69: R57         (LOSS) EARNINGS PER SHARE - Summary (Details)       HTML     95K 
70: R58         FINANCIAL STATEMENT DETAILS - Cash, Cash            HTML     34K 
                Equivalents, and Restricted Cash (Details)                       
71: R59         FINANCIAL STATEMENT DETAILS - Allowance for Credit  HTML     35K 
                Loss (Details)                                                   
72: R60         FINANCIAL STATEMENT DETAILS - Accumulated           HTML     30K 
                Amortization and Depreciation (Details)                          
73: R61         FINANCIAL STATEMENT DETAILS - Other (Expense)       HTML     49K 
                Income, Net (Details)                                            
74: R62         RELATED PARTY TRANSACTIONS - Narrative (Details)    HTML     57K 
77: XML         IDEA XML File -- Filing Summary                      XML    140K 
75: XML         XBRL Instance -- iaci-20230630_htm                   XML   4.06M 
76: EXCEL       IDEA Workbook of Financial Report Info              XLSX    184K 
 9: EX-101.CAL  XBRL Calculations -- iaci-20230630_cal               XML    220K 
10: EX-101.DEF  XBRL Definitions -- iaci-20230630_def                XML    981K 
11: EX-101.LAB  XBRL Labels -- iaci-20230630_lab                     XML   2.06M 
12: EX-101.PRE  XBRL Presentations -- iaci-20230630_pre              XML   1.30M 
 8: EX-101.SCH  XBRL Schema -- iaci-20230630                         XSD    178K 
78: JSON        XBRL Instance as JSON Data -- MetaLinks              614±   900K 
79: ZIP         XBRL Zipped Folder -- 0001800227-23-000028-xbrl      Zip    685K 


‘EX-31.3’   —   Certification — §302 – SOA’02


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 C:   C: 
  Document  

Exhibit 31.3

Certification

I, Christopher Halpin, certify that:
1.I have reviewed this quarterly report on Form 10-Q for the quarter ended June 30, 2023 of IAC Inc.;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:            
a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Dated: August 8, 2023/s/ CHRISTOPHER HALPIN
 
Executive Vice President, Chief Financial Officer and Chief Operating Officer



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/8/238-K
For Period end:6/30/234
 List all Filings 


4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/01/23  IAC Inc.                          10-K       12/31/22  150:26M
 8/12/22  IAC Inc.                          8-K:5,9     8/11/22   12:306K                                   Toppan Merrill/FA
 5/26/21  IAC Inc.                          S-8 POS     5/26/21    4:138K                                   Toppan Merrill/FA
 7/02/20  IAC Inc.                          8-K:1,2,3,5 6/30/20   22:1.2M                                   Toppan Merrill/FA
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Filing Submission 0001800227-23-000028   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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