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j2 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
Year Ended December 31, 2014
(In thousands)
j2 Global, Inc.
j2 Cloud Services, Inc.
Non-guarantor
Subsidiaries
Consolidating
Adjustments
j2 Global Consolidated
Net cash (used in) provided by
operating activities
$ (65)
$ 59,544
$ 117,752
$ —
$ 177,231
Cash flows from investing activities:
Maturity of certificates of deposit —
8,210
6,310
—
14,520
Purchase of certificates of deposit —
—
(65)
—
(65)
Maturity of available-for-sale
investments
40,211
53,563
16,589
—
110,363
Purchase of available-for-sale
investments
(81,061)
(57,391)
—
—
(138,452)
Purchases of property and equipment —
(2,866)
(8,963)
—
(11,829)
Proceeds from sale of assets —
608
—
—
608
Acquisition of businesses, net of cash
received
—
(2,083)
(243,195)
—
(245,278)
Purchases of intangible assets —
(2,949)
(2,387)
—
(5,336)
Investment in subsidiaries —
(23,821)
—
23,821
—
Net cash used in investing activities (40,850)
(26,729)
(231,711)
23,821
(275,469)
Cash flows from financing activities:
Issuance of long-term debt 402,500
—
—
—
402,500
Debt issuance cost (11,991)
—
—
—
(11,991)
Repurchases of common and
restricted stock
(930)
(4,733)
—
—
(5,663)
Issuance of common stock under
employee stock purchase plan
142
123
—
—
265
Exercise of stock options 1,374
5,193
54
—
6,621
Dividends paid (26,967)
(25,302)
—
—
(52,269)
Excess tax benefits from share-based
compensation
86
4,803
623
—
5,512
Deferred payments for acquisitions —
—
(16,512)
—
(16,512)
Other —
—
(933)
—
(933)
Intercompany (96,509)
(10,495)
130,825
(23,821)
—
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