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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$}$ }0
LendingTree, Inc.10Q
05/07/2009NO TITLE ? / 'QUARTERLY REPORT PURSUANT TO SECTION 13
/
'OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 19340(For the Quarterly Period Ended March 31,~
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Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }%}$ }
LendingTree, Inc.10Q
05/07/2009NO TITLE Delaware
262414818'
(State or other jurisdiction of
(I.R.S. Employer&incorporation or organization)Identification No.).&11115 Rushmore Drive, Charlotte, North
Carolina 282770((Address of principal executive offices)(704) 54153511)(Registrant's telephone number, including
area code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4yUwE+znF=PF0*8X>
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }y
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LendingTree, Inc.10Q
05/07/2009NO TITLE Page
Number$PART I?FINANCIAL INFORMATIONItem 1.Financial Statements~
Item 2.
,
$Management's Discussion and Analysis
~
r80of Financial Condition and Results of OperationsItem 3.0(Quantitative and Qualitative Disclosures~
About Market RiskItem 4T.Controls and Procedures~
!PART II?OTHER INFORMATIONItem 1.Legal Proceedings~
Item 1A.Risk Factors~
Item 2./'Unregistered Sales of Equity Securities~
and Use of ProceedsItem 6.Exhibits~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0y=c
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LendingTree, Inc.10Q
05/07/2009Income Statement $ Three Months Ended March 31,
20092008
0
((In thousands, except per share amounts)
Revenue LendingTree Loans~
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J Exchanges and other~
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Y~
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H Cost of revenue LendingTree Loans~
B~
b Exchanges and other~
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LendingTree, Inc.10Q
05/07/2009
Balance Sheet March 31, 2009 December 31, 2008
(unaudited)
(In thousands)
ASSETS:!Cash and cash equivalents~
r~
~,$Restricted cash and cash equivalents~
~
%Accounts receivable, net of allowance~
e~
q&of $315 and $367, respectively0(Loans held for sale ($83,109 and $85,638~
v2~
n\%measured at fair value, respectively)( Prepaid and other current assets~
*~
Total current assets~
6~
#Property and equipment, net~
B~
Goodwill~
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Intangible assets, net~
F~
^ Other noncurrent assets~
N~
*Total assets~
~
VDltB=P\+g ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? LIABILITIES: !!Warehouse lines of credit!~
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"Bo""~
"V7"#Deferred revenue##~
###~
#>#$Deferred income taxes$$~
$#$$~
$#$6%.Accrued expenses and other current liabilities%%~
%^5%%~
%jD%&&&&&&'!'Total current liabilities''~
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(~
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***~
**++++++,,Total liabilities,,~
,,,~
,,/'Commitments and contingencies (Note 12).SHAREHOLDERS' EQUITY:.......2/*Preferred stock $.01 par value; authorized// /?// /?/40,5,000,000 shares; none issued or outstanding/1'Common stock $.01 par value; authorized11~
111~
1z112)50,000,000 shares; issued and outstanding43,9,978,933 and 9,369,381 shares, respectively"4Additional paidin capital44~
4644~
4ƙ645Accumulated deficit55~
5f55~
556666667"7Total shareholders' equity77~
777~
7Bn7888888929*Total liabilities and shareholders' equity9~
99~
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#
LendingTree, Inc.10Q
05/07/2009Shareholders' Equity
Common Stock
TotalNumber Amount
AdditionalAccumulated Deficit of Shares
Paidin
Capital(In thousands)'Balance as of December 31, 2008~
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B ?2*of stock options and vesting of restricted%stock units, net of withholding taxes $Balance as of March 31, 2009~
~
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~
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LendingTree, Inc.10Q
05/07/2009
Cash Flows $ Three Months Ended March 31,
20092008
(In thousands)
%Cash flows from operating activities:Net income (loss)~
b1~
f2*Adjustments to reconcile net income (loss)3+to net cash provided by (used in) operatingactivities:"Loss on disposal of assets~
?#Amortization of intangibles~
~
R9Depreciation~
~
%Noncash compensation expense~
f~
&Noncash restructuring expense~
~
FDeferred income taxes ?~
%Gain on origination and sale of loans~
~
fJ'Loss on impaired loans not sold~
~
<4Loss on sale of real estate acquired in satisfaction~
~
of loansBad debt expense~
>~
!Noncash interest expense ?~
2DdlwcWpR;'wD$ ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? 2 *Changes in current assets and liabilities: !!Accounts receivable!!~
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%%&$&and early payoff obligations'(' Prepaid and other current assets''~
'n''~
'b'(6(.Accounts payable and other current liabilities((~
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))~
))**Deferred revenue**~
***~
**+
Other, net++~
+~++~
+.+,,,,,,0(Net cash provided by (used in) operating~
~
&.
activities//////0%Cash flows from investing activities:00000001,1$Contingent acquisition consideration11 1?11~
1122Acquisitions22~
2b22 2?233Capital expenditures33~
333~
3
344
Other, net44~
4*44~
445555556%Net cash used in investing activities66~
6J66~
667777778%Cash flows from financing activities:8888888919)Borrowing under warehouse lines of credit99~
9n'$99~
9!9:/:'Repayments of warehouse lines of credit::~
:::~
:r2:;3;+Principal payments on longterm obligations;; ;?;;~
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I4IJJJJJJKL$M____________________________1N)Created by Morningstar Document Research.0O(http://documentresearch.morningstar.com/$,j"8!N=PF0*8X>
@OONNMMIIIIIIGGFFEECCBB886600..++
l
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }2}$ }
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LendingTree, Inc.10Q
05/07/2009>6NOTE 2#151;SIGNIFICANT ACCOUNTING POLICIES (Continued) March 31, 2009 December 31, 2008
1)Cash in escrow for future operating lease~
F~
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Cash in escrow for surety bonds
~
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~
lines of credit
Other~
~
2*Total restricted cash and cash equivalents~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:,ocWKxl]/cY=PF0*8X>
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }}$ }}$ } }
$
LendingTree, Inc.10Q
05/07/20091)NOTE 3#151;GOODWILL AND INTANGIBLE ASSETS
March 31, 2009 December 31, 2008
Goodwill?Real Estate~
~
Intangible assets:
/
'Intangible assets with indefinite lives
~
^
~
^
.&Intangible assets with definite lives,~
R~
j
net
$Total intangible assets, net~
F~
^
%Total goodwill and intangible assets,~
Z~
r
net
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:pdXmabGgW=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }}$ }}$ }
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LendingTree, Inc.10Q
05/07/20091)NOTE 3#151;GOODWILL AND INTANGIBLE ASSETS
Cost Accumulated Net Weighted Average
Amortization
Amortization Life
(Years)Purchase agreements~
V~
*~
~c
!@
Technology
~
~
8
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Customer lists~
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }}$ }}$ }
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LendingTree, Inc.10Q
05/07/20091)NOTE 3#151;GOODWILL AND INTANGIBLE ASSETS
Cost Accumulated Net Weighted Average
Amortization
Amortization Life
(Years)Purchase agreements~
V~
z~
p
!@
Technology
~
~
R9
?
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>g~
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~
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }+}$ }
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LendingTree, Inc.10Q
05/07/20091)NOTE 3#151;GOODWILL AND INTANGIBLE ASSETS Amount
,$Nine months ending December 31, 2009~
7%Year ending December 31, 2010~
>1%
Year ending December 31, 2011
~
r
%Year ending December 31, 2012~
~
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }<(}$ }
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LendingTree, Inc.10Q
05/07/2009)!NOTE 4#151;PROPERTY AND EQUIPMENT March 31, 2009 December 31, 2008
3+Computer equipment and capitalized software~
&~
Leasehold improvements~
1~
1%
Furniture and other equipment
~
VM
~
O
Projects in progress~
6#~
1~
~
7/Less: accumulated depreciation and amortization~
B$~
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B~
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LendingTree, Inc.10Q
05/07/2009A9NOTE 5#151;ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES March 31, 2009 December 31, 2008
.&Accrued loan loss liability related to~
J6~
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Litigation accruals
~
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~
#Accrued advertising expense~
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2~
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r(~
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LendingTree, Inc.10Q
05/07/200980NOTE 6#151;WAREHOUSE LINES OF CREDIT (Continued)
2 *For the Three Months Ended March 31, 2009:
LendingTree Exchanges Real EstateUnallocated?
Total
Loans
Corporate
Revenue
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~
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~
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~
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LendingTree, Inc.10Q
05/07/200980NOTE 6#151;WAREHOUSE LINES OF CREDIT (Continued)
2 *For the Three Months Ended March 31, 2008:
LendingTree Exchanges Real EstateUnallocated?
Total
Loans
Corporate
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~
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LendingTree, Inc.10Q
05/07/200980NOTE 6#151;WAREHOUSE LINES OF CREDIT (Continued) Three Months Ended
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LendingTree Loans:
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LendingTree, Inc.10Q
05/07/200980NOTE 6#151;WAREHOUSE LINES OF CREDIT (Continued) March 31, 2009 December 31, 2008
LendingTree Loans~
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@~
S.
&Exchanges and Unallocated?Corporate(a)
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LendingTree, Inc.10Q
05/07/2009B:NOTE 8#151;EARNINGS PER SHARE AND STOCKBASED COMPENSATION
$ Three Months Ended March 31,
20092008
Basic
Diluted
Basic
Diluted
%(In thousands, except per share data)
Numerator:
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b1~
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LendingTree, Inc.10Q
05/07/2009B:NOTE 8#151;EARNINGS PER SHARE AND STOCKBASED COMPENSATION Three Months Ended
March 31,20092008
Cost of revenue
~
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%Selling and marketing expense~
~
*"General and administrative expense~
~
vProduct development~
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LendingTree, Inc.10Q
05/07/2009B:NOTE 8#151;EARNINGS PER SHARE AND STOCKBASED COMPENSATION
Shares Weighted Weighted
Aggregate
Average
Average
IntrinsicExercise Remaining
Value
PriceContractual
Term
(In thousands)
&Outstanding at January 1, 2009~
r\(,@
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LendingTree, Inc.10Q
05/07/2009B:NOTE 8#151;EARNINGS PER SHARE AND STOCKBASED COMPENSATION
Options Outstanding
Options Exercisable
Range of Exercise PricesOutstanding atWeightedWeighted
Exercisable at
WeightedMarch 31, 2009AverageAverage
March 31, 2009
Average
Remaining
Exercise Price
Exercise PriceContractual
Life in Years
$.01 to $4.99~
k!@zG@
~
k
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@9!Q"@ !HzG @
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!(\@ !33333'@
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LendingTree, Inc.10Q
05/07/2009B:NOTE 8#151;EARNINGS PER SHARE AND STOCKBASED COMPENSATION
RSUs Restricted Stock
Number ofWeighted Number of
Weighted
SharesAverageShares
Average
Grant
Grant Date Fair
Date Fair
Value
Value$Nonvested at January 1, 2009~
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LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS
As of March 31, 2009
/'Recurring Fair Value Measurements Using
Quoted Market
Significant
Significant
Total Fair Value
Prices in Active
OtherUnobservable
MeasurementsMarkets for
ObservableInputs IdenticalInputs (Level 3)Assets (Level 2) (Level 1)Loans held for sale
$?~
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LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS
As of December 31, 2008
/'Recurring Fair Value Measurements Using
Quoted Market
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Total Fair Value
Prices in Active
OtherUnobservable
MeasurementsMarkets for
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$?~
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }$4}$ }}$ }$}$
LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS Three Months
Ended March 31, 2009
Interest Rate
Loans HeldLock Commitmentsfor Sale
and ForwardDelivery Contracts"Balance at January 1, 2009~
[~
1)Total net gains (realized and unrealized)~
"~
included in earnings*"Transfers of IRLCs to closed loans~
?3+Purchase, sales, issuances and settlements,~
jP~
net( Transfers in/out of Level 3, net~
j ?!Balance at March 31, 2009~
҈~
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }$4}$ }}$ }$}$
LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS Three Months
Ended March 31, 2008
Interest Rate
Loans HeldLock Commitmentsfor Sale
and ForwardDelivery Contracts"Balance at January 1, 2008~
&6
$?1)Total net gains (realized and unrealized)~
v ?included in earnings*"Transfers of IRLCs to closed loans~
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?net( Transfers in/out of Level 3, net~
?!Balance at March 31, 2008~
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }7}$
LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS Three Months
Ended March 31, 2009
Interest Rate
Loans HeldLock Commitmentsfor Sale
and ForwardDelivery Contracts3+Total net gains included in earnings, which~
"~
0(are included in revenue from LendingTree
Loans.&Change in unrealized gains relating to~
҈~
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }7}$
LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS Three Months
Ended March 31, 2008
Interest Rate
Loans HeldLock Commitmentsfor Sale
and ForwardDelivery Contracts3+Total net gains included in earnings, which~
v
$?0(are included in revenue from LendingTree
Loans.&Change in unrealized gains relating to~
BR
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$}$ }7}$ }$}$ }7} $ }
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LendingTree, Inc.10Q
05/07/2009
Balance Sheet
March 31, 2009 December 31, 2008
Balance Sheet Location
Fair ValueBalance Sheet Location
Fair Value&
Interest Rate Lock Commitments
(
Prepaid and other current assets
~
(
Prepaid and other current assets
~
f\
"Forward Delivery Contracts( Prepaid and other current assets~
( Prepaid and other current assets ~
&Interest Rate Lock Commitments6.Accrued expenses and other current liabilities~
6.Accrued expenses and other current liabilities ~
"Forward Delivery Contracts6.Accrued expenses and other current liabilities~
6.Accrued expenses and other current liabilities ~
V Total Derivatives~
b~
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$ }}$ }m)}$ } }$ } }
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LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS
Three Months Ended
*"Location of Gain/(Loss) Recognized March 31, March 31,
in Income on Derivative20092008&
Interest Rate Lock Commitments
!
LendingTree Loans revenue
~
~
"Forward Delivery Contracts!LendingTree Loans revenue~
~
Total~
F~
F
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$4}$ }
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LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS
As of March 31, 2009
Loans Held
Loans HeldTotal Loans
for Salefor Sale
Held For Sale
?Measured at
?Measured at
Fair Value
LOCOM*"Aggregate unpaid principal balance~
z~
Z~
FN
3+Difference between fair value and aggregate~
?~
unpaid principal balance3+Lower of cost or market valuation allowance ?~
~~
~
( Deferred loan fees, net of costs ?~
~
Loans held for sale~
~
~
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }$4}$ }
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LendingTree, Inc.10Q
05/07/2009*"NOTE 9#151;FAIR VALUE MEASUREMENTS
As of December 31, 2008
Loans Held
Loans HeldTotal Loans
for Salefor Sale
Held For Sale
?Measured at
?Measured at
Fair Value
LOCOM*"Aggregate unpaid principal balance~
Z~
\~
No
3+Difference between fair value and aggregate~
' ?~
'
unpaid principal balance3+Lower of cost or market valuation allowance ?~
~
( Deferred loan fees, net of costs ?~
~
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LendingTree, Inc.10Q
05/07/2009%Origination and Sale of Loans
$ Three Months Ended March 31,
20092008
Amount
%
Amount
%
Conforming~
~
f %~
.
~
Z
%
FHA and AltA~
B~
. %~
N
~
:
%
Total~
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%~
z
~
%
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Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansLoan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }m}$ }}$ }$}$}$ } }
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LendingTree, Inc.10Q
05/07/2009%Origination and Sale of Loans
March 31, 2009 December 31, 2008
Amount %Amount
%
Conforming
~
h
~
V
%~
Ɠ
~
Z
%
FHA and AltA~
~
: %~
f
~
6
%Subprime~
2~
%~
~
%Home equity~
? %~
?
%
Total~
v2~
%~
n\
~
%
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }I"}$ }U}$ } }$
LendingTree, Inc.10Q
05/07/2009Loan Loss Obligations $ Three Months Ended March 31,
20092008$
Balance, beginning of period
~
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~
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LendingTree, Inc.10Q
05/07/2009Loan Loss Obligations March 31,
December, 31,
2009
20085Current portion, included in accrued expenses~
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~
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }}$ }$}$ }$}$ } U}
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LendingTree, Inc.10Q
05/07/2009@8Relationship Between Tree.com and IAC after the SpinOff
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LendingTree, Inc.10Q
05/07/2009@8Relationship Between Tree.com and IAC after the SpinOff
1 )For The Three Months Ended March 31, 2008
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$?~
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LendingTree, Inc.10Q
05/07/20095NOTE 14#151;RESTRUCTURING CHARGES (Continued)
1 )For The Three Months Ended March 31, 2009
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LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
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(Dollars in thousands)
LendingTree Loans:
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~
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"~
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LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
Refinance mortgages~
~
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LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
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(Dollars in millions)
Refinance mortgages~
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LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
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(Dollars in thousands)
LendingTree Loans~
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LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
)!Cost of revenue?LendingTree Loans~
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% Real Estate gross margin~
%~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>;0C7+OC]l2Tr=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }0.}$ }}$}$ }U}$}$ } }
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
LendingTree Loans~
!~
%~
^
Exchanges~
~
" %~
Real Estate~
:~
%~
>"
.&Elimination of intersegment marketing~
~
%~
%Selling and marketing expense~
~
* %~
( As a percentage of total revenue~
b %~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< C7+OC]E=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }U5}$ }}$}$ }U}$}$ } $}
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
1)Selling and marketing expense?LendingTree~
!~
%~
^
Loans4,As a percentage of LendingTree Loans revenue~
%~
R
%/'Selling and marketing expense?Exchanges~
~
" %~
,$As a percentage of Exchanges revenue~
%~
*
%1)Selling and marketing expense?Real Estate~
:~
%~
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.&As a percentage of Real Estate revenue~
v %~
j
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:_ C7+OC]`fZN&=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }m)}$ }
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}
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
LendingTree Loans~
fS~
%~
n
Exchanges~
+~
%~
9
Real Estate~
*~
%~
V3
Unallocated?corporate~
J[~
%~
f
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%~
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( As a percentage of total revenue~
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }C}$ }$}$}$ }U}$}$ } $}
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
6.General and administrative expense?LendingTree~
fS~
%~
n
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^
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+~
%~
9
,$As a percentage of Exchanges revenue~
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V3
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Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }'}$ }U}$}$ }U}$}$ }
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$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
LendingTree Loans~
Z~
" %~
b
Exchanges~
~
V %~
Z
Real Estate~
Z~
%~
>
Unallocated?corporate~
N/A ?
Product development~
"~
%~
( As a percentage of total revenue~
%~
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }U5}$ }$}$ }U}$}$ } }
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
%Product development?LendingTree Loans~
Z~
" %~
b
4,As a percentage of LendingTree Loans revenue ?~
%%Product development?Exchanges~
~
V %~
Z
,$As a percentage of Exchanges revenue~
%~
%'Product development?Real Estate~
Z~
%~
>
.&As a percentage of Real Estate revenue~
& %~
"
%1)Product development?Unallocated?corporate~
N/A
$?
( As a percentage of total revenue~
% ?
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<
C7+OC]AMA5
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (12)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }'}$ }$}$}$ }}$}$ }
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
LendingTree Loans~
R
NM~
J
Exchanges~
N/A ?
Real Estate~
vN/A ?
Unallocated?corporate~
zN/A ?
Restructuring expense~
*
~
%~
J
( As a percentage of total revenue~
%~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< C7+OC]G =PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (13)!Results of operations for (14)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }U5}$ }U}$}$ }}$ } }
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
/'Restructuring expense?LendingTree Loans~
R
NM~
J
4,As a percentage of LendingTree Loans revenue
NM~
%'Restructuring expense?Exchanges~
N/A
$?
,$As a percentage of Exchanges revenue ? ?
)!Restructuring expense?Real Estate~
vN/A
$?
.&As a percentage of Real Estate revenue~
6 % ?
3+Restructuring expense?Unallocated?corporate~
zN/A
$?
( As a percentage of total revenue ? ?
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<
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$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
LendingTree Loans~
~
%~
NP
Exchanges~
&~
f %~
R
Real Estate~
~
: %~
2*Unallocated and intersegment eliminations~
~
F %~
6
EBITDA~
{
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~
( As a percentage of total revenue~
: %~
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
Cash Flows!NOTE 2151SIGNIFICANT ACCOUNTING!NOTE 3151GOODWILL AND INTANGIBL!NOTE 3151GOODWILL AND INTAN (1)!NOTE 3151GOODWILL AND INTAN (2)!NOTE 3151GOODWILL AND INTAN (3)!NOTE 4151PROPERTY AND EQUIPMENT!NOTE 5151ACCRUED EXPENSES AND O!NOTE 6151WAREHOUSE LINES OF CRE!NOTE 6151WAREHOUSE LINES OF (1)!NOTE 6151WAREHOUSE LINES OF (2)!NOTE 6151WAREHOUSE LINES OF (3)!NOTE 8151EARNINGS PER SHARE AND!NOTE 8151EARNINGS PER SHARE (1)!NOTE 8151EARNINGS PER SHARE (2)!NOTE 8151EARNINGS PER SHARE (3)!NOTE 8151EARNINGS PER SHARE (4)!NOTE 9151FAIR VALUE MEASUREMENT!NOTE 9151FAIR VALUE MEASURE (1)!NOTE 9151FAIR VALUE MEASURE (2)!NOTE 9151FAIR VALUE MEASURE (3)!NOTE 9151FAIR VALUE MEASURE (4)!NOTE 9151FAIR VALUE MEASURE (5)Balance Sheet (1)!NOTE 9151FAIR VALUE MEASURE (6)!NOTE 9151FAIR VALUE MEASURE (7)!NOTE 9151FAIR VALUE MEASURE (8)Origination and Sale of LoansOrigination and Sale of L (1)Loan Loss ObligationsLoan Loss Obligations (1)!Relationship Between Treecom an!Relationship Between Treeco (1)!NOTE 14151RESTRUCTURING CHARGES!Results of operations for the t!Results of operations for t (1)!Results of operations for t (2)!Results of operations for t (3)!Results of operations for t (4)!Results of operations for t (5)!Results of operations for t (6)!Results of operations for t (7)!Results of operations for t (8)!Results of operations for t (9)!Results of operations for (10)!Results of operations for (11)!Results of operations for (12)!Results of operations for (13)!Results of operations for (15)!Results of operations for (16)!FINANCIAL POSITION LIQUIDITY AN!Adverse Events and Trends151Adv!Adverse Events and Trends15 (1)U }U5}$ }$}$}$ }U}$}$ } $}
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
EBITDA?LendingTree Loans~
~
%~
NP
4,As a percentage of LendingTree Loans revenue~
%~
F
%EBITDA?Exchanges~
&~
f %~
R
,$As a percentage of Exchanges revenue~
6 %~
%EBITDA?Real Estate~
~
: %~
.&As a percentage of Real Estate revenue~
%~
%,$EBITDA?Unallocated and intersegment~
~
F %~
6
eliminations( As a percentage of total revenue~
%~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>
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$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
LendingTree Loans~
Z~
%~
B
Exchanges~
NM~
B
Real Estate~
~
%~
2*Unallocated and intersegment eliminations~
&~
& %~
6
Operating income (loss)~
1
NM~
k
( As a percentage of total revenue~
%~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< C7+OC]F=PF0*8X>
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Balance SheetShareholders Equity
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}
$
LendingTree, Inc.10Q
05/07/2009jbResults of operations for the three months ended March 31, 2009 compared to the three months ended
$ Three Months Ended March 31,
2009% Change2008
(Dollars in thousands)
*"Operating income?LendingTree Loans~
Z~
%~
B
4,As a percentage of LendingTree Loans revenue~
%~
:
%( Operating income (loss)?Exchange~
NM~
B
,$As a percentage of Exchanges revenue~
" %~
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~
%~
.&As a percentage of Real Estate revenue~
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F
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&~
& %~
6
eliminations( As a percentage of total revenue~
%~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>
0C7+OC]t7$=PF0*8X>
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l
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
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}$ }
}$ }
}
$ }
}
$ }
}$
LendingTree, Inc.10Q
05/07/2009;3FINANCIAL POSITION, LIQUIDITY AND CAPITAL RESOURCES
Payments Due by Period
/'Contractual Obligations as of March 31,
Total Less Than 1?3 Years
3?5 Years
More Than20091 Year
5 Years
(In thousands)
Shortterm borrowings~
zg~
zg
$?
$?
$?Purchase obligations(a)~
~
?
?
?Operating leases~
?~
c~
a
~
*J
~
0
*"Total contractual cash obligations~
f*~
bN~
a
~
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~
0
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
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0
LendingTree, Inc.10Q
05/07/2009kcAdverse Events and Trends#151;Adverse conditions in the credit markets could materially and adverse Exhibit Description Location
!333333$@
3
+Stock Purchase Agreement, dated February 8,
0
(Exhibit 10.1 to the Registrant's Current0(2009, between Tree.com, Inc. and Douglas2*Report on Form 8K filed February 8, 2009.R. Lebda
!ffffff$@
3
+Amendment No. 2 to the Employment Agreement
0
(Exhibit 10.1 to the Registrant's Current1)between Douglas Lebda and Tree.com, Inc.,0(Report on Form 8K filed March 26, 2009.dated March 26, 2009!$@3+Amendment No. 1 to the Employment Agreement0(Exhibit 10.2 to the Registrant's Current1)between Robert Harris and Tree.com, Inc.,0(Report on Form 8K filed March 26, 2009.dated March 26, 2009!$@3+Amendment No. 1 to the Employment Agreement0(Exhibit 10.3 to the Registrant's Current2*between Matthew Packey and Tree.com, Inc.,0(Report on Form 8K filed March 26, 2009.dated March 26, 2009!%@/'Form of Notice of Restricted Stock Unit0(Exhibit 10.4 to the Registrant's Current
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lUprh !"#$%&'()*+,./ Act of 2002.!!!333333?@!4!,Certification of the Chief Financial Officer! !?"""4",pursuant to Rule 13a14(a) or Rule 15d14(a)###1#)of the Securities Exchange Act of 1934 as$$$=$5adopted pursuant to Section 302 of the SarbanesOxley%%%%Act of 2002.&&!@@&4&,Certification of the Chief Executive Officer&
&??'''5'pursuant to 18 U.S.C. Section 1350 as adopted(((5(pursuant to Section 906 of the SarbanesOxley))))Act of 2002.**!@@*4*,Certification of the Chief Financial Officer*
*??+++5+pursuant to 18 U.S.C. Section 1350 as adopted,,,5,pursuant to Section 906 of the SarbanesOxley$____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$,I/wK#=PF0*8X>
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NO TITLENO TITLE (1)NO TITLE (2)Income Statement
Balance SheetShareholders Equity
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0
LendingTree, Inc.10Q
05/07/2009kcAdverse Events and Trends#151;Adverse conditions in the credit markets could materially and adverse Exhibit Description Location
!333333$@
3
+Stock Purchase Agreement, dated February 8,
0
(Exhibit 10.1 to the Registrant's Current0(2009, between Tree.com, Inc. and Douglas2*Report on Form 8K filed February 8, 2009.R. Lebda
!ffffff$@
3
+Amendment No. 2 to the Employment Agreement
0
(Exhibit 10.1 to the Registrant's Current1)between Douglas Lebda and Tree.com, Inc.,0(Report on Form 8K filed March 26, 2009.dated March 26, 2009!$@3+Amendment No. 1 to the Employment Agreement0(Exhibit 10.2 to the Registrant's Current1)between Robert Harris and Tree.com, Inc.,0(Report on Form 8K filed March 26, 2009.dated March 26, 2009!$@3+Amendment No. 1 to the Employment Agreement0(Exhibit 10.3 to the Registrant's Current2*between Matthew Packey and Tree.com, Inc.,0(Report on Form 8K filed March 26, 2009.dated March 26, 2009!%@/'Form of Notice of Restricted Stock Unit0(Exhibit 10.4 to the Registrant's Current
Award0(Report on Form 8K filed March 26, 2009.!333333%@0(Form of Restricted Stock Award Agreement0(Exhibit 10.5 to the Registrant's Current0(Report on Form 8K filed March 26, 2009.!ffffff%@,$Form of Notice of Stock Option Award0(Exhibit 10.6 to the Registrant's Current0(Report on Form 8K filed March 26, 2009.!?@4,Certification of the Chief Executive Officer ?4,pursuant to Rule 13a14(a) or Rule 15d14(a)/'of the Securities Exchange Act of 1934,1)as adopted pursuant to Section 302 of theDlB6*E
lUprh !"#$%&'()*+,./ # SarbanesOxley Act of 2002.!!!333333?@!4!,Certification of the Chief Financial Officer! !?"""4",pursuant to Rule 13a14(a) or Rule 15d14(a)###/#'of the Securities Exchange Act of 1934,$$$1$)as adopted pursuant to Section 302 of the%%%#%SarbanesOxley Act of 2002.&&!@@&4&,Certification of the Chief Executive Officer&
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