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See Note 3 - Business Acquisitions for discussion related to the acquisition of Protus on December 3, 2010 and Ziff Davis, Inc. on November 9, 2012.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
In addition to historical information, the following Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-
looking
statements. These forward-looking statements involve risks, uncertainties and assumptions. The actual results may differ materially from those anticipated in these forward-
looking statements as a result of many factors, including but not limited to those discussed in Part I, Item 1A - “Risk Factors” in this Annual Report on Form 10-
K. Readers are
cautioned not to place undue reliance on these forward-looking statements, which reflect management’
s opinions only as of the date hereof. We undertake no obligation to
revise or publicly release the results of any revision to these forward-
looking statements, except as required by law. Readers should carefully review the Risk Factors and the
risk factors set forth in other documents we file from time to time with the SEC.
Overview
j2 Global, Inc., together with its subsidiaries (“j2 Global”, “our”, “us” or “we”),
is a leading provider of services delivered through the Internet. We provide cloud
services to businesses of all sizes, from individuals to enterprises. Through our portfolio of technology-
focused web properties, we provide consumers with trusted product
reviews and advertisers with an innovative data-driven platform to connect with targeted audiences.
generate revenues from intellectual property licensing and sales.
technology and acquire skilled personnel. Since December 31, 2000, and including the one acquisition closed thus far in 2013, we have completed 41 acquisitions.
On November 9, 2012, we acquired Ziff Davis, Inc. (“Ziff Davis”),
a company with extensive digital content holdings within the technology vertical. This acquisition
expands our operations into the digital media market, an area we believe provides attractive acquisition opportunities. For additional information on our acquisitions, see Note 3 -
Business Acquisitions - and Note 21 - Subsequent Events of the Notes to Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K.
j2 Global was founded in 1995 and is a Delaware corporation. We manage our operations through two business segments: Business Cloud Services and Digital Media.
Information regarding revenue and operating income attributable to each of our reportable segments is included within Note 16 -
Segment Information of the Notes to
Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K, which is incorporated herein by reference.
- 30 -
December 31,
2012
2011
2010 2009
2008
(In thousands)
Balance Sheet Data:
Cash and cash equivalents
$
218,680
$
139,359
$
64,752
$
197,411
$
150,780
Working capital
298,572
155,099
57,610
227,538
142,123
Total assets
995,170
651,171
532,623
414,001
322,040
Other long-term liabilities
3,166
2,342
3,302
2,094
1,022
Total stockholders' equity
594,595
554,375
431,745
336,172
249,980