EX-99.1 2 d204983dex991.htm EX-99.1

EX-99.1

Exhibit 99.1

J2 CLOUD SERVICES, LLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2021

(UNAUDITED, IN THOUSANDS)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2021				2020				2021				2020
Total revenues		$	182,103			$	170,248			$	528,891			$	507,090
Cost of revenues			40,707				38,421				115,860				116,208
Gross profit			141,396				131,827				413,031				390,882
Operating expenses:
Sales and marketing			38,413				28,855				110,807				87,231
Research, development and engineering			8,259				4,886				21,995				16,484
General and administrative			37,262				35,579				104,610				106,850
Goodwill impairment on business			—				—				32,629				—
Total operating expenses			83,934				69,320				270,041				210,565
Income from operations			57,462				62,507				142,990				180,317
Interest expense, net			—				(10,204	)			(160	)			(30,556	)
(Loss) gain on sale of businesses			(24,600	)			17,122				(21,798	)			17,122
Other income, net			877				14,909				1,408				16,165
Income before income taxes			33,739				84,334				122,440				183,048
Income tax expense			6,515				25,411				20,338				49,714
Net income		$	27,224			$	58,923			$	102,102			$	133,334