eFax 2014 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2014 eFax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

j2 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
Year Ended December 31, 2012
(In thousands, except share and per share data)
- 102 -
j2 Global, Inc.
j2 Cloud Services, Inc
Non-guarantor
Subsidiaries
Consolidating
Adjustments
j2 Global Consolidated
Revenues:
Total revenues
$
—
$
222,203
$
206,045
$
(56,852
)
$
371,396
Cost of revenues —
85,826
38,039
(56,852
)
67,013
Gross profit —
136,377
168,006
—
304,383
Operating expenses:
Sales and marketing —
35,677
27,148
—
62,825
Research, development and engineering —
11,878
6,746
—
18,624
General and administrative —
35,558
25,214
—
60,772
Total operating expenses —
83,113
59,108
—
142,221
Income from operations —
53,264
108,898
—
162,162
Equity earnings in Subsidiaries —
91,539
—
(
91,539
)
—
Interest expense (income), net —
3,911
3,739
—
7,650
Other expense (income), net —
(
168
)
(242
)
—
(
410
)
Income before income taxes —
141,060
105,401
(91,539
)
154,922
Income tax expense —
19,480
13,779
—
33,259
Net income —
121,580
91,622
(91,539
)
121,663
Less net loss attributable to
noncontrolling interest —
—
83
—
83
Net income attributable to j2 Global, Inc.
common shareholders
$
—
$
121,580
$
91,539
$
(91,539
)
$
121,580