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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,
2013
2012
2011
2010
2009
(In thousands, except for share and per share amounts)
Statement of Income Data:
Revenues
$
520,801
$
371,396
$
330,159
$
255,394
$
245,571
Cost of revenues
86,893
67,013
60,613
44,086
44,730
Gross profit
433,908
304,383
269,546
211,308
200,841
Operating expenses:
Sales and marketing
131,317
62,825
59,066
46,332
37,006
Research, development and engineering
25,485
18,624
16,373
12,827
11,657
General and administrative
101,683
60,772
58,157
48,226
45,275
Loss on disposal of long-lived asset —
—
—
—
2,442
Total operating expenses
258,485
142,221
133,596
107,385
96,380
Income from operations
175,423
162,162
135,950
103,923
104,461
Other-than-temporary impairment losses —
—
—
—
9,343
Interest expense (income), net
21,254
7,650
(629
)
(2,033
)
(1,359
)
Other expense (income), net
11,472
(410
)
(537
)
(4,681
)
(1,302
)
Income before income taxes
142,697
154,922
137,116
110,637
97,779
Income tax expense
35,175
33,259
22,350
27,590
30,952
Net income
$
107,522
$
121,663
$
114,766
$
83,047
$
66,827
Less net income attributable to noncontrolling interest —
83
—
—
—
Net income attributable to j2 Global, Inc. common shareholders
$
107,522
$
121,580
$
114,766
$
83,047
$
66,827
Net income per common share:
Basic
$
2.31
$
2.63
$
2.46
$
1.86
$
1.52
Diluted
$
2.28
$
2.61
$
2.43
$
1.81
$
1.48
Weighted average shares outstanding:
Basic
45,548,767
45,459,712
45,799,615
44,578,036
43,936,194
Diluted
46,140,019
45,781,658
46,384,848
45,941,843
45,138,001
Cash dividends declared per common share
$
0.98
$
0.87
$
0.41
$
—
$
—
December 31,
2013
2012
2011 2010
2009
(In thousands)
Balance Sheet Data:
Cash and cash equivalents
$
207,801
$
218,680
$
139,359
$
64,752
$
197,411
Working capital
274,133
298,572
155,099
57,610
227,538
Total assets
1,153,789
995,170
651,171
532,623
414,001
Other long-term liabilities
1,458
1,557
2,342
3,302
2,094
Total stockholders' equity
706,418
594,595
554,375
431,745
336,172