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j2 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
Year Ended December 31, 2013
(In thousands)
- 109 -
j2 Global, Inc.
j2 Cloud Services, Inc.
Non-guarantor
Subsidiaries
Consolidating
Adjustments
j2 Global Consolidated
Cash flows from operating activities:
Net income
$
—
$
107,522
$
61,551
$
(61,551
)
$
107,522
Adjustments to reconcile net earnings to net
cash provided by operating activities:
Depreciation and amortization —
9,201
30,587
—
39,788
Accretion and amortization of discount and
premium of investments —
1,273
523
—
1,796
Amortization of financing costs and
discounts —
613
—
—
613
Share-based compensation —
9,720
—
—
9,720
Excess tax benefits from share-based
compensation —
(
2,695
)
—
—
(
2,695
)
Provision for doubtful accounts —
1,219
1,916
—
3,135
Equity earnings in subsidiaries —
(
61,551
)
—
61,551
—
Deferred income taxes —
(
495
)
745
—
250
(Gain) Loss on disposal of fixed assets —
—
8
—
8
(Gain) loss on available-for-sale investment —
(
51
)
117
66
Loss on extinguishment of debt and related
interest expense —
—
14,437
—
14,437
Changes in assets and liabilities, net of
effects of business combinations:
Decrease (increase) in:
Accounts receivable —
(
1,656
)
(7,932
)
—
(
9,588
)
Prepaid expenses and other current assets —
784
(635
)
—
149
Other assets —
(
57
)
225
—
168
Increase (decrease) in:
Accounts payable and accrued expenses —
(
124
)
9,250
—
9,126
Income taxes payable —
(
923
)
1,590
—
667