Last10K.com

J2 Global, Inc. (JCOM) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

J2 Global, Inc.

HISTORY TOOLS
CIK: 1084048 Ticker: JCOM

J2 Global Reports Fourth Quarter and Year End 2020 Results and Provides 2021 Outlook

Achieves Record Fourth Quarter and Full Year Revenues

LOS ANGELES -- J2 Global, Inc. (NASDAQ: JCOM) today reported financial results for the fourth quarter and year ended December 31, 2020, and provided fiscal 2021 financial estimates.

“Our organization produced extraordinary results at a time of unprecedented difficulty,” said Vivek Shah, CEO of J2 Global. “I’m exceedingly proud of my colleagues and excited for our continued growth.”

FOURTH QUARTER 2020 HIGHLIGHTS

Q4 2020 quarterly revenues increased 15.7% to a Q4 record of $469.2 million compared to $405.6 million for Q4 2019.  

Q4 2020 quarterly operating income increased 17.0% to $128.9 million compared to $110.2 million for Q4 2019. 

Net cash provided by operating activities increased 20.3% to $124.1 million compared to $103.2 million for Q4 2019. Q4 2020 free cash flow(2) increased 25.3% to $102.9 million compared to $82.1 million for Q4 2019.

GAAP earnings per diluted share(3) decreased 48.2% to $1.27 in Q4 2020 compared to $2.45 for Q4 2019 and GAAP net income decreased 52.8% to $58.1 million in Q4 2020 compared to $123.0 million for Q4 2019 primarily due to the recognition of a $53.7 million tax benefit in the fourth quarter of 2019 as the result of an intra-entity transfer as part of the reorganization of its international operating structure; no similar benefit was recognized in the fourth quarter of 2020.

Adjusted non-GAAP earnings per diluted share(3)(4) for the quarter increased 30.7% to $3.11 compared to $2.38 for Q4 2019.

Quarterly Adjusted EBITDA(5) increased 20.1% to $211.8 million in the quarter compared to $176.3 million for Q4 2019.

J2 ended the quarter with approximately $340.8 million in cash, cash equivalents, and investments which included $742.7 million of net proceeds from the issuance of its 4.625% Senior Notes (and the related redemption of $694.6 million of the previously outstanding 6.0% Senior Notes of its subsidiary, J2 Cloud Services, LLC), the use of approximately $455 million during the quarter for current period acquisitions and approximately $9 million in connection with payment for prior year acquisitions. In addition, J2 deployed approximately $36 million with respect to its share repurchase program during the quarter.


The following information was filed by J2 Global, Inc. (JCOM) on Friday, February 12, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate J2 Global, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by J2 Global, Inc..

Continue

Assess how J2 Global, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

J2 Global, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
M & A
Other
Filter Subcategory:
All
Product
Earnings
Expense
Shares
Income
Geography
Dividend
Other
Inside J2 Global, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders??? Equity
Consolidated Statements Of Stockholders??? Equity (Parenthetical)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Tables)
Accumulated Other Comprehensive Income - Reclassification Out Of Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Income - Summary Of Changes In Accumulated Balances Of Other Comprehensive (Loss) Income (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)
Business Acquisitions
Business Acquisitions (Tables)
Business Acquisitions - Allocation Of Aggregate Purchase Consideration (Details)
Business Acquisitions - Narrative (Details)
Business Acquisitions - Supplementary Information On Unaudited Pro Forma Financial Basis (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Defined Contribution 401(K) Savings Plan
Defined Contribution 401(K) Savings Plan (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Components Of Basic And Diluted Earnings Per Share (Details)
Earnings Per Share - Narrative (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Fair Value Measurement Inputs And Valuation Techniques (Details)
Fair Value Measurements - Fair Values Of Financial Instruments Measured On Recurring Basis (Details)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Reconciliation Of Level 2 Derivative Liabilities (Details)
Fair Value Measurements - Reconciliation Of Level 3 Financial Assets Measured On Recurring Basis (Details)
Fair Value Measurements - Reconciliation Of Level 3 Financial Liabilities Measured On Recurring Basis (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Changes In Carrying Amounts Of Goodwill (Details)
Goodwill And Intangible Assets - Expected Amortization Expenses For Intangible Assets Subject To Amortization (Details)
Goodwill And Intangible Assets - Finite Lived Intangibles Acquired (Details)
Goodwill And Intangible Assets - Indefinite Intangible Assets (Details)
Goodwill And Intangible Assets - Intangible Assets Subject To Amortization (Details)
Goodwill And Intangible Assets - Narrative (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Narrative (Details)
Income Taxes - Provision For Income Tax (Details)
Income Taxes - Reconciliation Of Statutory Federal Income Tax Rate With Effective Income Tax Rate (Details)
Income Taxes - Reconciliation Of Unrecognized Tax Benefits (Details)
Investments
Investments (Tables)
Investments - Available-For-Sale Securities Classified By Contractual Maturity Date (Details)
Investments - Carrying Amount For Equity Method Investment (Details)
Investments - Fair Value Of Available-For-Sale Investments In Unrealized Loss Position (Details)
Investments - Narrative (Details)
Investments - Summary Of Available-For-Sale Investments (Details)
Investments - Summary Of Securities Without Readily Determinable Fair Value (Details)
Leases
Leases (Tables)
Leases - Balance Sheet And Other Supplemental Operating Lease Information (Details)
Leases - Components Of Lease Expense (Details)
Leases - Maturities Of Operating Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Supplemental Cash Flow Information (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Additional Information Related To Senior And Convertible Notes (Details)
Long-Term Debt - Components Of Interest Expense Related To Convertible Notes (Details)
Long-Term Debt - Future Principal Payments For Debt (Details)
Long-Term Debt - Narrative (Details)
Long-Term Debt - Summary Of Long-Term Debt (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Narrative (Details)
Property And Equipment - Summary Of Property And Equipment (Details)
Quarterly Results (Unaudited)
Quarterly Results (Unaudited) (Details)
Quarterly Results (Unaudited) (Tables)
Revenues
Revenues (Tables)
Revenues - Disaggregation Of Revenue (Details)
Revenues - Narrative (Details)
Sale Of Assets
Sale Of Assets (Details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Details)
Segment Information
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Reconciliation Of Total Segment Operating Income To Consolidated Operating Income (Details)
Segment Information - Revenues And Long-Lived Assets By Geographic Information (Details)
Segment Information - Total Assets, Capital Expenditures, Depreciation And Amortization (Details)
Stock Options And Employee Stock Purchase Plan
Stock Options And Employee Stock Purchase Plan (Tables)
Stock Options And Employee Stock Purchase Plan - Narrative (Details)
Stock Options And Employee Stock Purchase Plan - Restricted Stock And Restricted Stock Unit Award Activity (Details)
Stock Options And Employee Stock Purchase Plan - Stock Option Activity (Details)
Stock Options And Employee Stock Purchase Plan - Summarized Information Concerning Outstanding And Exercisable Options (Details)
Stock Options And Employee Stock Purchase Plan - Valuation Assumptions Of Stock Options And Market-Based Restricted Stock Awards Granted (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Summary Of Dividends Declared (Details)
Subsequent Events
Supplemental Cash Flows Information
Supplemental Cash Flows Information (Details)
The Company
Ticker: JCOM
CIK: 1084048
Form Type: 10-K Annual Report
Accession Number: 0001084048-21-000012
Submitted to the SEC: Mon Mar 01 2021 4:03:22 PM EST
Accepted by the SEC: Mon Mar 01 2021
Period: Thursday, December 31, 2020
Industry: Telegraph And Other Message Communications

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/jcom/0001084048-21-000012.htm