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j2 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
Year Ended December 31, 2014
(In thousands)
- 106 -
j2 Global, Inc.
j2 Cloud Services, Inc.
Non-guarantor
Subsidiaries
Consolidating
Adjustments
j2 Global Consolidated
Cash flows from operating activities:
Net income
$
125,327
$
135,838
$
77,051
$
(212,889
)
$
125,327
Adjustments to reconcile net earnings to net
cash provided by operating activities:
Depreciation and amortization
—
6,047
56,906
—
62,953
Accretion and amortization of discount and
premium of investments
392
722
220
—
1,334
Amortization of financing costs and
discounts
4,297
748
—
—
5,045
Share-based compensation
2,353
5,325
1,230
—
8,908
Excess tax benefits from share-based
compensation
(86
)
(4,803
)
(623
)
—
(
5,512
)
Provision for doubtful accounts
—
2,114
2,588
—
4,702
Equity earnings in subsidiaries
(135,838
)
(77,051
)
—
212,889
—
Deferred income taxes
(1,392
)
(5,767
)
(2,874
)
—
(
10,033
)
(Gain) Loss on disposal of fixed assets
—
—
—
—
—
(Gain) loss on available-for-sale investment
26
(58
)
(58
)
(90
)
Changes in assets and liabilities, net of
effects of business combinations:
Decrease (increase) in:
Accounts receivable
—
(
2,490
)
(8,588
)
—
(
11,078
)
Prepaid expenses and other current assets
(776
)
(8,757
)
6,321
—
(
3,212
)
Other assets
—
—
(
42
)
—
(
42
)
Increase (decrease) in:
Accounts payable and accrued expenses
2,835
(1,173
)
(7,109
)
—
(
5,447
)
Income taxes payable
2,055
17,384
(8,642
)
—
10,797
Deferred revenue
—
(
2,067
)
1,356
—
(
711
)