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j2 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
Year Ended December 31, 2013
(In thousands, except share and per share data)
- 101 -
j2 Global, Inc.
j2 Cloud Services, Inc
Non-guarantor
Subsidiaries
Consolidating
Adjustments
j2 Global
Consolidated
Revenues:
Total revenues
$
—
$
255,413
$
369,079
$
(103,691
)
$
520,801
Cost of revenues
—
84,655
105,480
(103,242
)
86,893
Gross profit
—
170,758
263,599
(449
)
433,908
Operating expenses:
Sales and marketing
—
41,555
90,211
(449
)
131,317
Research, development and engineering
—
12,977
12,508
—
25,485
General and administrative
—
37,634
64,049
—
101,683
Total operating expenses
—
92,166
166,768
(449
)
258,485
Income from operations
—
78,592
96,831
—
175,423
Equity earnings in Subsidiaries
—
61,551
—
(
61,551
)
—
Interest expense (income), net
—
9,292
11,962
—
21,254
Other expense (income), net
—
(
369
)
11,841
—
11,472
Income before income taxes
—
131,220
73,028
(61,551
)
142,697
Income tax expense
—
23,698
11,477
—
35,175
Net income
—
107,522
61,551
(61,551
)
107,522
Less net loss attributable to noncontrolling
interest
—
—
—
—
—
Net income attributable to j2 Global, Inc.
common shareholders
$
—
$
107,522
$
61,551
$
(61,551
)
$
107,522