J2 global, inc. (JCOM)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net (loss) income

-6,404

123,023

30,745

32,589

32,449

50,615

30,723

28,478

18,871

49,871

32,358

31,376

25,820

43,158

45,568

33,770

29,943

35,467

37,375

38,917

21,877

32,754

28,759

35,049

28,765

21,157

27,627

35,967

22,771

30,286

31,650

31,188

28,539

29,819

25,498

28,514

30,935

26,867

19,834

18,710

17,636

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization

53,980

61,623

64,197

57,003

49,209

54,324

46,375

43,857

42,618

43,444

39,372

39,902

39,323

33,522

30,336

31,059

27,174

29,578

20,454

21,894

21,287

19,646

14,852

15,318

13,137

11,364

10,183

9,479

8,762

6,609

5,358

5,271

4,926

4,864

4,811

4,972

5,109

3,537

3,076

3,929

3,968

Accretion and amortization of discount and premium of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-315

-331

-

-320

-278

-273

-351

-329

-302

-352

-473

-503

-367

-453

2,693

-509

-262

-319

1,541

-304

-194

-102

-

-

-

-

Amortization of financing costs and discounts

6,997

4,966

3,077

3,030

2,965

2,693

2,943

2,897

2,852

2,858

2,787

3,454

2,853

2,594

2,447

2,407

2,370

2,331

2,294

2,258

2,222

2,217

2,187

479

162

157

156

150

150

145

104

0

0

-

-

-

-

-

-

-

-

Operating Lease Right of Use Asset Amortization

4,834

6,945

5,436

4,242

4,796

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

6,313

5,528

6,446

6,862

5,086

6,700

7,906

7,067

6,420

8,997

4,563

5,563

3,614

3,703

3,699

3,439

2,809

2,850

2,770

3,169

3,004

2,370

2,191

1,963

2,384

2,612

2,425

2,335

2,348

2,316

2,391

2,145

2,280

2,296

2,236

2,231

2,205

2,170

2,777

3,049

2,941

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

264

-

2,437

1,770

334

-1,216

1,925

721

4,082

-476

1,590

1,301

280

-1,977

-91

821

286

-26,807

11,124

1,443

679

-226

196

374

-406

Provision for doubtful accounts

2,826

3,917

3,531

2,798

2,888

3,346

5,263

4,595

4,134

4,060

3,476

2,983

2,640

4,097

4,063

2,184

2,825

1,857

1,471

1,934

1,610

1,424

1,468

1,078

732

570

1,286

446

833

769

919

1,312

1,289

1,937

2,629

1,364

970

423

798

262

482

Deferred income taxes, net

-1,106

-66,294

-1,058

3,360

548

24,491

106

99

354

-25,291

7,538

-1,318

-2,361

-11,451

-264

1,037

-3,101

-17,302

292

421

-494

-7,079

-2,174

-569

-211

-222

1,014

904

-1,446

2,162

2,295

191

-3,498

1,428

5,453

-12

-47

274

-99

-606

-110

Changes in fair value of contingent consideration

-200

-1,682

-500

3,497

5,003

4,544

4,500

5,800

4,100

2,900

0

-1,000

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency remeasurement loss

-7,801

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on equity method investments

-4,269

-305

-4,599

5,393

-628

-2,085

-807

-3,936

-3,678

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt and Equity Securities, Gain (Loss)

-20,826

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on available-for-sale investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-182

512

-5

18

24

21

29

80

-40

-37

103

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in:
Accounts receivable

-52,949

60,633

12,977

-1,004

-41,926

45,903

369

9,341

-59,647

42,257

6,484

13,915

-25,110

23,056

11,394

12,010

-15,773

14,212

6,495

7,055

-9,254

12,345

4,424

2,761

-8,452

-17,083

10,381

-391

-2,495

-12,449

5,719

2,249

-936

-16,583

2,241

3,152

1,681

-1,600

1,688

-415

81

Prepaid expenses and other current assets

8,169

-1,409

6,817

1,134

2,143

-5,982

4,420

1,925

-2,574

-4,265

2,791

-2,818

291

294

2,197

-1,164

-370

1,354

-652

-2,167

4

-912

973

1,494

1,657

1,094

-16

-1,068

139

-2,979

526

-630

1,055

8,072

-554

-3,944

687

-1,156

606

-779

-924

Other assets

-2,612

2,555

295

1,089

144

-677

538

-120

-2,132

2,846

-239

267

-162

-7,450

6,053

1,179

715

3,804

431

-329

-25

-86

165

110

-147

350

305

-130

-357

-361

-139

407

-150

357

-318

248

-83

-424

164

114

-16

(Decrease) increase in:
Accounts payable and accrued expenses

-43,374

-1,393

13,075

-2,030

-10,422

3,288

-8,212

14,848

-45,144

14,608

5,723

-881

-53,566

10,964

10,879

8,317

-23,797

14,540

31

7,088

-12,902

-2,498

667

12,612

-16,228

5,091

-963

4,838

160

4,970

2,310

2,346

-4,488

1,959

-559

-410

-143

-1,032

2,408

-832

774

Income taxes payable

1,616

13,441

-11,369

-1,477

-2,333

-24,738

-1,868

-715

-1,721

41,247

-21,895

-9,259

4,795

26,336

-2,961

-4,326

6,360

17,143

-8,496

-3,786

-1,283

3,232

7,885

-5,043

4,723

3,953

-3,498

-1,926

2,138

-2,973

-4,791

4,371

7,532

794

1,253

5,182

2,450

-4,341

-1,742

-14,772

5,088

Deferred revenue

-686

6,067

4,069

-940

-2,352

4,949

2,405

1,427

3,210

1,016

-1,892

-567

2,384

-79

-1,435

-3,949

1,250

247

-2,181

-206

-1,340

104

-1,179

159

205

-681

-1,000

13,957

92

1

789

122

700

-1,059

-727

-707

11,157

-1,170

-607

-306

491

Increase Decrease in Operating Lease Liabilities

-5,062

-6,628

-4,779

-4,307

-4,526

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for uncertain tax positions

1,654

8,691

1,667

-5,347

-5,464

4,016

1,238

1,507

933

3,382

1,558

-577

573

2,118

4,062

2,698

1,742

4,198

2,498

-15,009

2,595

1,758

-6,858

-1,564

351

2,319

355

2,218

1,294

1,063

2,948

2,054

1,536

1,882

464

1,741

-11,873

1,775

3,029

1,783

1,527

Other long-term liabilities

400

2,382

-2,020

2,714

-1,260

10,140

964

-267

-748

2,135

-458

2,152

-265

-6,349

-15,616

2,520

1,272

-10,409

2,841

1,283

-50

983

-296

-186

102

-330

-72

-50

60

33

-30

-33

62

-62

-72

113

252

16

48

3

626

Net cash provided by operating activities

102,036

103,232

97,096

95,357

116,854

107,209

87,823

102,383

103,910

85,423

67,341

60,464

51,191

89,847

60,488

67,528

64,524

80,488

50,963

51,894

45,716

45,110

40,315

54,512

37,294

58,444

25,859

68,973

40,048

46,394

38,193

46,382

38,942

41,515

28,682

42,398

38,153

22,233

27,147

12,317

34,688

Cash flows from investing activities:
Payments to Acquire Equity Method Investments

22,840

7,246

7,670

4,874

9,794

2,077

12,874

8,281

13,403

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturity of certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,310

8,210

0

11,495

9,014

22,106

0

8,000

0

0

-

-

-

-

-

-

-

-

Payments to Acquire Other Investments

843

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

0

8,210

5,696

8,165

-1

25,517

3,335

5,822

0

8,000

0

0

-

-

-

-

Maturity of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

96,812

32,374

86,407

26,224

33,776

31,881

27,101

28,994

49,907

8,527

22,224

29,705

57,237

15,628

35,329

31,932

74,128

9,520

9,897

45,164

9,650

11,551

4,976

3,600

-

-

-

-

Purchases of available-for-sale investments

-

-

-

-

-

-

-

-

-

-1

0

0

5

5,084

28,627

25,805

21,402

57,613

20,816

37,646

19,819

25,469

67,940

33,830

11,213

28,946

48,226

56,485

35,244

11,204

112,543

12,705

15,537

32,687

21,650

27,299

1,243

0

13,494

5,552

33,875

Purchases of property and equipment

26,885

21,105

18,692

18,260

12,531

11,451

16,370

15,393

13,165

10,112

10,538

9,285

9,660

7,299

8,261

4,865

4,321

5,370

4,972

3,999

2,956

4,074

3,124

1,695

2,936

7,511

5,127

4,056

1,933

1,159

1,112

1,631

1,159

1,769

2,590

1,860

625

569

692

495

86

Acquisition of businesses, net of cash received

18,701

3,994

145,349

206,661

59,339

120,863

88,365

22,979

80,223

127,683

10,838

32,867

3,563

489,290

14,676

28,736

47,989

42,971

185,530

2,093

72,215

127,040

38,692

30,478

49,068

44,775

416

18,379

62,771

173,233

6,265

0

18,843

682

4,504

-936

-324

212,022

19,904

6,405

10,237

Proceeds from sale of assets

226

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of intangible assets

19

0

46

0

0

486

0

8

175

920

552

626

142

2,307

199

1,499

316

197

392

539

327

530

907

2,984

915

11,416

1,523

928

333

2,627

923

1,845

900

1,696

756

718

1,142

1,359

1,703

2,558

2,692

Net cash used in investing activities

-69,062

-32,345

-161,469

-229,795

-81,664

-134,877

-117,609

-47,161

-106,966

-113,922

11,580

-42,778

-13,370

-407,168

-19,389

25,502

-47,804

-72,378

-179,829

-17,173

-66,323

-107,271

-102,136

-39,845

-26,217

-35,411

-36,378

-41,201

-54,408

-114,094

-128,684

-9,619

2,903

-27,184

-25,949

-23,961

914

-174,113

-28,424

18,293

-46,890

Cash flows from financing activities:
Payments of Debt Issuance Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

47

42

1,265

77

0

-

-

-

-

-

-

-

-

Proceeds from Lines of Credit

-

-

-

-

-

-

-

-

-

0

0

0

44,981

178,710

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

62,966

241

16,755

2,630

1,177

42,935

811

2,745

611

1,988

1,124

6,424

314

413

52,727

1,570

1,786

515

857

1,597

705

190

740

691

4,042

74

2,247

197

2,069

21

37

19,951

40,273

8

30

152

1,091

46

545

3,017

613

Issuance of common stock under employee stock purchase plan

-

-

-

-

-

1,949

0

71

64

65

61

66

67

63

68

65

58

64

70

65

61

66

76

68

55

52

55

50

56

48

48

32

29

32

33

39

38

24

27

30

28

Exercise of stock options

952

26

0

15

5,259

81

79

746

594

-8

57

356

695

298

1,361

599

1,312

340

1,609

2,944

65

234

1,140

321

4,926

89

6,991

4,499

2,025

781

1,874

400

2,591

89

1,384

3,017

2,600

4,372

851

1,171

327

Dividends paid

0

26

0

21,749

21,758

21,025

20,757

20,013

19,884

19,123

18,639

18,132

17,575

17,067

16,566

16,385

15,817

15,300

14,916

14,500

14,110

13,722

13,245

12,884

12,418

11,867

11,505

11,078

10,684

10,323

10,039

9,926

9,975

9,711

9,463

0

0

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

264

-

2,437

1,770

334

-1,216

1,925

721

4,082

-476

1,590

1,301

280

-55

-91

821

286

315

11,124

1,443

679

-102

196

374

-406

Deferred payments for acquisitions

15,503

1,142

3,465

12,874

1,395

0

2,250

1,119

189

2,575

1,723

1,040

2,299

1,893

2,389

2,164

14,386

8,860

1,528

1,527

2,356

2,196

843

10,159

3,314

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

-839

-403

-627

-682

-205

-113

-192

-84

-54

-9

-9

-10

-26

99

837

868

-25

4,440

-70

-130

-50

-222

-494

-217

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-78,356

409,843

2,053

64,075

-19,276

-64,207

-23,931

-23,144

-20,080

-23,743

-275,957

385,994

25,529

159,797

-69,416

-18,851

-30,380

-24,372

-13,255

-12,975

-16,761

-17,710

-12,639

368,590

-10,711

-14,542

-5,287

-5,425

-10,439

-1,055

235,490

-28,701

-47,342

-9,283

3,048

4,347

2,226

4,248

529

-1,442

-664

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

-3,679

2,700

-971

-773

1,224

-2,175

-526

-6,080

3,960

643

3,024

5,467

109

-4,089

126

-3,180

885

-576

-1,441

2,167

-4,278

-1,463

-2,424

556

-99

129

61

-547

-755

-79

-358

-871

1,820

121

-1,298

7

871

-316

1,457

-1,186

-536

Net change in cash and cash equivalents

-49,061

483,430

-63,291

-71,136

17,138

-94,050

-54,243

25,998

-19,176

-51,599

-194,012

409,147

63,459

-

-

-

-12,775

-16,838

-143,562

23,913

-41,646

-81,334

-76,884

383,813

267

8,620

-15,745

21,800

-25,554

-68,834

144,641

7,191

-3,677

5,169

4,483

22,791

42,164

-147,948

709

27,982

-13,402