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137
j2 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
Year Ended December 31, 2015
(In thousands, except share and per share data)
j2 Global, Inc.
j2 Cloud Services, Inc
Non-guarantor
Subsidiaries
Consolidating
Adjustments
j2 Global
Consolidated
Revenues:
Total revenues $ —
$ 232,768
$ 554,560
$ (66,513)
$ 720,815
Cost of revenues —
77,798
111,476
(66,316)
122,958
Gross profit —
154,970
443,084
(197)
597,857
Operating expenses:
Sales and marketing —
39,240
119,966
(197)
159,009
Research, development and engineering —
14,844
19,485
—
34,329
General and administrative 15,849
26,842
162,446
—
205,137
Total operating expenses 15,849
80,926
301,897
(197)
398,475
Income (loss) from operations (15,849)
74,044
141,187
—
199,382
Equity earnings in Subsidiaries 151,894
116,142
—
(268,036)
—
Interest expense, net 12,227
21,276
8,955
—
42,458
Other expense (income), net (271)
395
(119)
—
5
Income before income taxes 124,089
168,515
132,351
(268,036)
156,919
Income tax expense (benefit) (9,547)
16,621
16,209
—
23,283
Net income $ 133,636
$ 151,894
$ 116,142
$ (268,036)
$ 133,636
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