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Item 6. Selected Financial Data
Report on Form 10-
K and the information contained herein in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations. Historical
results are not necessarily indicative of future results.
- 29 -
Year Ended December 31,
2012
2011
2010
2009
2008
(In thousands, except for share and per share amounts)
Statement of Income Data:
Revenues
$
371,396
$
330,159
$
255,394
$
245,571
$
241,513
Cost of revenues
67,013
60,613
44,086
44,730
46,250
Gross profit
304,383
269,546
211,308
200,841
195,263
Operating expenses:
Sales and marketing
62,825
59,066
46,332
37,006
41,270
Research, development and engineering
18,624
16,373
12,827
11,657
12,031
General and administrative
60,772
58,157
48,226
45,275
44,028
Loss on disposal of long-lived asset —
—
—
2,442
—
Total operating expenses
142,221
133,596
107,385
96,380
97,329
Income from operations
162,162
135,950
103,923
104,461
97,934
Other income and expenses:
Other-than-temporary impairment losses —
—
—
(
9,343
)
—
Interest and other income
1,805
1,313
6,818
3,100
4,778
Interest and other expense
(9,045
)
(147
)
(104
)
(439
)
(559
)
Total other income and expenses
(7,240
)
1,166
6,714
(6,682
)
4,219
Income before income taxes
154,922
137,116
110,637
97,779
102,153
Income tax expense
33,259
22,350
27,590
30,952
29,591
Net income
$
121,663
$
114,766
$
83,047
$
66,827
$
72,562
Less net income attributable to noncontrolling interest
83
—
—
—
—
Net income attributable to j2 Global, Inc. common shareholders
$
121,580
$
114,766
$
83,047
$
66,827
$
72,562
Net income per common share:
Basic
$
2.63
$
2.46
$
1.86
$
1.52
$
1.63
Diluted
$
2.61
$
2.43
$
1.81
$
1.48
$
1.58
Weighted average shares outstanding:
Basic
45,459,712
45,799,615
44,578,036
43,936,194
44,609,174
Diluted
45,781,658
46,384,848
45,941,843
45,138,001
45,937,506
Cash dividends declared per common share
$
0.87
$
0.41
$
—
$
—
$
—