Ziff Davis, Inc 10-Q for FY2021 Q2

Ziff Davis, Inc. (ZD)

10-Q 2021-08-09 For: 2021-06-30

Added on April 09, 2026

About this 10-Q

Ziff Davis, Inc filed this 10-Q on August 9, 2021, covering the quarter ended June 30, 2021 (FY2021 Q2).

Headline figures

Quarter ended June 30, 2021, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $429.04M; up 29.6% from $330.98M a year earlier
Net income: $15.72M; down 58.7% from net income of $38.1M a year earlier
Diluted EPS: $0.33; down 58.8% from $0.80 a year earlier

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Delaware			47-1053457
(State or other jurisdiction			(I.R.S. Employer
of incorporation or organization)			Identification No.)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	JCOM	Nasdaq Stock Market LLC


			PAGE

PART I.	FINANCIAL INFORMATION

	Item 1.	Financial Statements
		Condensed Consolidated Balance Sheets (unaudited)	4
		Condensed Consolidated Statements of Operations (unaudited)	5
		Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited)	6
		Condensed Consolidated Statements of Cash Flows (unaudited)	7
		Condensed Consolidated Statements of Stockholders’ Equity (unaudited)	8
		Notes to Condensed Consolidated Financial Statements (unaudited)	10

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	48

	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	61

	Item 4.	Controls and Procedures	62


PART II.	OTHER INFORMATION

	Item 1.	Legal Proceedings	64

	Item 1A.	Risk Factors	64

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	64

	Item 3.	Defaults Upon Senior Securities	65

	Item 4.	Mine Safety Disclosures	65

	Item 5.	Other Information	65

	Item 6.	Exhibits	66

		Signature	67


	June 30, 2021		December 31, 2020
ASSETS
Cash and cash equivalents	$	347,857	$	242,652

Short-term investments	—		663
Accounts receivable, net of allowances of $16,255 and $16,018, respectively	249,005		325,619
Prepaid expenses and other current assets	56,177		53,909

Current assets held for sale	8,939		—
Total current assets	661,978		622,843
Long-term investments	117,396		97,495
Property and equipment, net	171,645		156,577
Operating lease right-of-use assets	82,961		105,845
Trade names, net	183,335		187,902
Customer relationships, net	322,281		377,194
Goodwill	1,837,539		1,867,430
Other purchased intangibles, net	170,530		176,473
Deferred income taxes, noncurrent	40,755		56,545
Other assets	16,759		17,027
Noncurrent assets held for sale	98,187		—
TOTAL ASSETS	$	3,703,366	$	3,665,331
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	198,220	$	230,651
Income taxes payable, current	11,471		31,753
Deferred revenue, current	193,531		190,644


Operating lease liabilities, current	30,818		32,211


Current portion of long-term debt	402,134		396,801
Other current liabilities	52		497
Current liabilities held for sale	8,793		—
Total current liabilities	845,019		882,557
Long-term debt	1,189,727		1,182,220
Deferred revenue, noncurrent	16,635		14,440

Operating lease liabilities, noncurrent	81,752		99,177
Income taxes payable, noncurrent	11,675		11,675
Liability for uncertain tax positions	53,515		57,081
Deferred income taxes, noncurrent	158,173		162,700
Other long-term liabilities	39,718		44,463
Noncurrent liabilities held for sale	12,652		—
TOTAL LIABILITIES	2,408,866		2,454,313
Commitments and contingencies	—		—
Preferred stock, $0.01 par value. Authorized 1,000,000 and none issued	—		—
Preferred stock - Series A, $0.01 par value. Authorized 6,000; total issued and outstanding zero	—		—
Preferred stock - Series B, $0.01 par value. Authorized 20,000; total issued and outstanding zero	—		—
Common stock, $0.01 par value. Authorized 95,000,000; total issued and outstanding 44,708,236 and 44,346,630 shares at June 30, 2021 and December 31, 2020, respectively.	447		443
Additional paid-in capital	461,422		456,274

Retained earnings	892,605		809,107
Accumulated other comprehensive loss	(59,974)		(54,806)
TOTAL STOCKHOLDERS’ EQUITY	1,294,500		1,211,018
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	3,703,366	$	3,665,331


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Total revenues	$	429,044	$	330,984	$	827,228	$	663,377

Cost of revenues (1)	63,337		56,802		121,160		115,933
Gross profit	365,707		274,182		706,068		547,444
Operating expenses:
Sales and marketing (1)	134,103		92,805		255,288		192,243
Research, development and engineering (1)	19,644		13,606		40,995		29,012
General and administrative (1)	117,676		94,731		237,021		197,902
Total operating expenses	271,423		201,142		533,304		419,157
Income from operations	94,284		73,040		172,764		128,287
Interest expense, net	(21,403)		(22,196)		(42,970)		(43,167)
Gain on sale of businesses	823		—		2,802		—
Goodwill impairment on business	(32,629)		—		(32,629)		—
Loss on investments, net	(16,677)		(3)		(16,677)		(20,835)
Other income (expense), net	(777)		9,059		(293)		2,183
Income before income taxes and income (loss) from equity method investment, net	23,621		59,900		82,997		66,468
Income tax expense	2,152		15,978		7,876		24,681
Income (loss) from equity method investment, net	(5,752)		(5,821)		18,519		(10,090)
Net income	$	15,717	$	38,101	$	93,640	$	31,697

Net income per common share:
Basic	$	0.35	$	0.81	$	2.10	$	0.67
Diluted	$	0.33	$	0.80	$	1.98	$	0.65
Weighted average shares outstanding:
Basic	44,613,533		46,850,944		44,506,933		47,235,859
Diluted	47,528,902		47,437,555		47,130,979		48,279,417

(1) Includes share-based compensation expense as follows:
Cost of revenues	$	117	$	143	$	249	$	277
Sales and marketing	371		$	416	732		814
Research, development and engineering	557		$	484	1,077		915
General and administrative	5,206		$	5,487	10,305		10,837
Total	$	6,251	$	6,530	$	12,363	$	12,843


	Six Months Ended June 30,
Cash flows from operating activities:	2021		2020
Net income	$	93,640	$	31,697
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	130,226		104,068

Amortization of financing costs and discounts	14,058		14,102
Non-cash operating lease costs	6,714		11,453
Share-based compensation	12,363		12,843
Provision for doubtful accounts	4,329		6,793
Deferred income taxes, net	(11,853)		2,752


Gain on sale of businesses	(2,802)		—
Lease asset impairments	7,829		2,141
Goodwill impairment on business	32,629		—
Changes in fair value of contingent consideration	562		(232)
Foreign currency remeasurement gain	415		(704)
(Income) loss from equity method investments	(18,519)		10,090
Loss on equity and debt investments	16,677		20,826
Decrease (increase) in:
Accounts receivable	65,312		63,675
Prepaid expenses and other current assets	(7,720)		(4,185)
Other assets	(701)		(300)
Increase (decrease) in:
Accounts payable and accrued expenses	(23,438)		(34,682)
Income taxes payable	(15,123)		7,376
Deferred revenue	2,499		(2,698)
Operating lease liabilities	(13,529)		(10,921)
Liability for uncertain tax positions	(3,567)		5,114
Other long-term liabilities	21		2,419
Net cash provided by operating activities	290,022		241,627
Cash flows from investing activities:
Proceeds on sale of available-for-sale investments	663		—

Purchases of equity method investment	(11,053)		(26,523)
Purchases of equity investments	(999)		(843)


Purchases of property and equipment	(57,766)		(50,537)
Proceeds from sale of assets	6,033		407
Acquisition of businesses, net of cash received	(89,489)		(19,349)

Purchases of intangible assets	—		(23)
Net cash used in investing activities	(152,611)		(96,868)
Cash flows from financing activities:

Payment of debt	(2,802)		—


Proceeds from line of credit	2,811		—

Repurchase of common stock	(22,934)		(88,469)
Issuance of common stock under employee stock purchase plan	4,232		3,303
Exercise of stock options	1,331		952

Deferred payments for acquisitions	(12,934)		(16,296)
Other	(1,294)		(1,032)
Net cash used in financing activities	(31,590)		(101,542)
Effect of exchange rate changes on cash and cash equivalents	(616)		(2,012)
Net change in cash and cash equivalents	105,205		41,205
Cash and cash equivalents at beginning of period	242,652		575,615
Cash and cash equivalents at end of period	$	347,857	$	616,820


										Accumulated
	Common stock			Additional paid-in	Retained		other comprehensive			Total Stockholders’
	Shares	Amount			capital			earnings		loss		Equity
Balance, April 1, 2020	47,113,423	$	471		$	462,430		$	832,648	$	(54,468)	$	1,241,081

Net income (loss)	—	—			—			38,101		—		38,101
Other comprehensive income, net of tax expense of $173	—	—			—			—		(332)		(332)


Issuance of shares under employee stock purchase plan	53,694	—			3,303			—		—		3,303
Exercise of 3.25% Convertible Note	—	—			(12)			—		—		(12)
Vested restricted stock	70,505	1			(1)			—		—		—
Repurchase and retirement of common stock	(344,931)	(3)			(4,983)			(20,517)		—		(25,503)

Repurchase of shares	—	—			—			—		—		—
Share based compensation	—	—			6,530			—		—		6,530
Balance, June 30, 2020	46,892,691	469			$	467,267		$	850,232	$	(54,800)	$	1,263,168


	Three Months Ended June 30,			Six Months Ended June 30,
Digital Media		2021		2020		2021		2020
Advertising		$	196,888	$	120,919	$	371,012	$	236,184
Subscription		54,168		41,720		105,049		87,148
Other		2,921		1,348		4,789		3,346
Total Digital Media revenues		$	253,977	$	163,987	$	480,850	$	326,678

Cloud Services
Subscription		$	175,268	$	167,040	$	346,605	$	336,788
Other		91		18		183		54
Total Cloud Services revenues		$	175,359	$	167,058	$	346,788	$	336,842

Corporate		$	—	$	—	$	—	$	1
Elimination of inter-segment revenues		(292)		(61)		(410)		(144)
Total Revenues		$	429,044	$	330,984	$	827,228	$	663,377

Timing of revenue recognition
Point in time		$	11,097	$	4,473	$	17,062	$	10,970
Over time		417,947		326,511		810,166		652,407
Total		$	429,044	$	330,984	$	827,228	$	663,377


Assets and Liabilities	Valuation
Accounts receivable	$	3,953
Prepaid expenses and other current assets		1,569
Property and equipment		1,838
Operating lease right-of-use assets, noncurrent		5,888
Trade names		11,514
Customer relationship		5,000
Goodwill		53,013

Other intangibles		29,801

Deferred tax asset		230
Accounts payable and accrued expenses		(2,207)

Deferred revenue		(5,664)





Operating lease liabilities, noncurrent		(7,191)
Deferred tax liability		(4,238)
Other long-term liabilities		(1,726)

Total	$	91,780


	Cost		Impairment		Adjustments		Reported Amount
June 30, 2021
Equity securities	$	31,779	$	(16,677)	$	(479)	$	14,623
Total	$	31,779	$	(16,677)	$	(479)	$	14,623

December 31, 2020
Equity securities	$	50,384	$	(19,605)	$	(479)	$	30,300
Total	$	50,384	$	(19,605)	$	(479)	$	30,300


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2021
Corporate debt securities	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

December 31, 2020
Corporate debt securities	$	511	$	152	$	—	$	663
Total	$	511	$	152	$	—	$	663


	June 30, 2021		December 31, 2020
Due within 1 year	$	—	$	663
Due within more than 1 year but less than 5 years	—		—
Due within more than 5 years but less than 10 years	—		—
Due 10 years or after	—		—
Total	$	—	$	663


	June 30, 2021		December 31, 2020
Equity method investment	$	102,773	$	67,195
Maximum exposure to loss	$	102,773	$	67,195


	June 30, 2021
Accounts receivable, net of allowance of $346	$	6,513
Prepaid expenses and other current assets		2,426
Property and equipment, net		10,161
Operating lease right-of-use assets		15,181
Trade names, net		3,886
Customer relationships, net		8,131
Goodwill		48,632
Other purchased intangibles, net		776
Deferred income taxes, noncurrent		11,326
Other assets		94
Total assets held for sale	$	107,126

Accounts payable and accrued expenses	$	2,720
Income taxes payable, current		155
Deferred revenue, current		2,650
Operating lease liabilities, current		2,875
Other current liabilities		393
Deferred revenue, noncurrent		4
Operating lease liabilities, noncurrent		11,915
Deferred income taxes, noncurrent		563
Other long-term liabilities		170
Total liabilities held for sale	$	21,445


			§			Level 1 – Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

			§			Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

			§			Level 3 – Unobservable inputs which are supported by little or no market activity.


	Valuation Technique	Unobservable Input	Range	Weighted Average
Contingent Consideration	Option-Based Model	Risk free rate	2.2%	2.2	%
		Debt spread	0.0% - 74.7%	17.7	%
		Probabilities	100.0%	100.0	%
		Present value factor	2.2% - 3.9%	3.3	%
		Discount rate	38.0%	38.0	%


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	9.6 years	$	269,782	$	109,994	$	159,788
Patent and patent licenses	5.5 years	67,973		67,151		822
Customer relationships (1)	8.0 years	844,952		514,540		330,412
Other purchased intangibles	4.3 years	463,616		297,454		166,162
Total		$	1,646,323	$	989,139	$	657,184


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	10.0 years	$	260,715	$	100,273	$	160,442
Patent and patent licenses	5.5 years	67,980		66,964		1,016
Customer relationships (1)	8.0 years	848,875		471,681		377,194
Other purchased intangibles	4.3 years	436,352		265,224		171,128
Total		$	1,613,922	$	904,142	$	709,780


	June 30, 2021		December 31, 2020
4.625% Senior Notes	$	750,000	$	750,000
Convertible Notes:
3.25% Convertible Notes	399,613		402,414
1.75% Convertible Notes	550,000		550,000
Total Notes	1,699,613		1,702,414

Paycheck Protection Program Loan	—		910
Bridge Loan	2,811		—
Less: Unamortized discount	(100,405)		(112,798)
Deferred issuance costs	(10,158)		(11,505)
Total debt	1,591,861		1,579,021
Less: current portion	(402,134)		(396,801)
Total long-term debt, less current portion	$	1,189,727	$	1,182,220


June 30, 2021	Level 1		Level 2		Level 3		Fair Value		Carrying Value
Assets:
Cash equivalents:
Money market and other funds	$	10,407	$	—	$	—	$	10,407	$	10,407









Corporate debt securities	—		—		—		—		—
Total assets measured at fair value	$	10,407	$	—	$	—	$	10,407	$	10,407

Liabilities:
Contingent consideration	$	—	$	—	$	5,582	$	5,582	$	5,582
Debt	2,302,633		—		—		2,302,633		1,591,861
Total liabilities measured at fair value	$	2,302,633	$	—	$	5,582	$	2,308,215	$	1,597,443

December 31, 2020	Level 1		Level 2		Level 3		Fair Value		Carrying Value
Assets:
Cash equivalents:
Money market and other funds	$	10,413	$	—	$	—	$	10,413	$	10,413








Corporate debt securities	—		663		—		663		663
Total assets measured at fair value	$	10,413	$	663	$	—	$	11,076	$	11,076

Liabilities:
Contingent consideration	$	—	$	—	$	9,094	$	9,094	$	9,094
Debt	1,960,527		—		—		1,960,527		1,579,021
Total liabilities measured at fair value	$	1,960,527	$	—	$	9,094	$	1,969,621	$	1,588,115


	Level 3		Affected line item in the Statement of Operations
Balance as of January 1, 2021	$	9,094
Contingent consideration	1,754
Total fair value adjustments reported in earnings	562		General and administrative
Contingent consideration payments	(5,828)		Not applicable
Balance as of June 30, 2021	$	5,582


	Fax and Martech		Voice, Backup, Security and CPP		Total Cloud Services		Digital Media		Consolidated
Balance as of January 1, 2021	$	425,471	$	499,025	$	924,496	$	942,934	$	1,867,430
Goodwill acquired (Note 4)	39,519		—		39,519		13,494		53,013
Goodwill removed due to sale of a business (1)	—		(1,339)		(1,339)		—		(1,339)
Goodwill reclassified to noncurrent assets held for sale (2)	—		(48,632)		(48,632)		—		(48,632)
Goodwill impairment (3)	—		(32,629)		(32,629)		—		(32,629)
Purchase accounting adjustments (4)	—		47		47		2,603		2,650
Foreign exchange translation	(1,861)		(817)		(2,678)		(276)		(2,954)
Balance as of June 30, 2021	$	463,129	$	415,655	$	878,784	$	958,755	$	1,837,539


	June 30, 2021		December 31, 2020
Trade names	$	27,433	$	27,460
Other	4,321		4,329
Total	$	31,754	$	31,789


	Three Months Ended June 30,			Six Months Ended June 30,
		2021		2020		2021		2020

Operating lease cost		$	10,889	$	9,114	$	17,837	$	16,218
Short-term lease cost		793		648		1,942		1,093
Total lease cost		$	11,682	$	9,762	$	19,779	$	17,311


	June 30, 2021		December 31, 2020
Operating leases
Operating lease right-of-use assets	$	82,961	$	105,845
Operating lease right-of-use assets classified as assets held for sale	15,181		—
Total operating lease right-of-use assets	$	98,142	$	105,845

Operating lease liabilities, current	$	30,818	$	32,211
Operating lease liabilities, current classified as assets held for sale	2,875		—
Operating lease liabilities, noncurrent	81,752		99,177
Operating lease liabilities, noncurrent classified as assets held for sale	11,915		—
Total operating lease liabilities	$	127,360	$	131,388


	June 30, 2021		December 31, 2020

Operating leases:
Weighted average remaining lease term	5.0 years		5.2 years
Weighted average discount rate	3.85	%	3.93	%


	Operating Leases
Fiscal Year:
2021 (remainder)	$	18,250
2022	33,715
2023	27,952
2024	20,062
2025	11,672
Thereafter	31,658
Total lease payments	$	143,309
Less: Imputed interest	15,949
Present value of operating lease liabilities	$	127,360


	Number of Shares	Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2021	475,601	$	69.61
Granted	—	—
Exercised	(45,351)	29.34
Canceled	—	—
Outstanding at June 30, 2021	430,250	$	73.85	6.3	$	27,405,745
Exercisable at June 30, 2021	180,250	$	72.22	5.9	$	11,775,745
Vested and expected to vest at June 30, 2021	363,615	$	73.64	6.2	$	23,239,725


	June 30, 2021			June 30, 2020
Underlying stock price at valuation date	$	113.27		$	91.17
Expected volatility	30.3		%	27.0		%
Risk-free interest rate	1.3		%	0.7		%


	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2021	820,566	$	62.66
Granted	—	—
Vested	(334,294)	64.02
Canceled	(2,067)	82.38
Nonvested at June 30, 2021	484,205	$	61.62


	Number of Shares	Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2021	209,784
Granted	163,380
Vested	(100,224)
Canceled	—
Outstanding at June 30, 2021	272,940	3.4	$	37,542,897
Vested and expected to vest at June 30, 2021	182,186	2.8	$	25,059,725


	Three Months Ended June 30, 2021			Six Months Ended June 30,
		2021		2020		2021		2020
Numerator for basic and diluted net income per common share:
Net income attributable to J2 Global, Inc. common shareholders		$	15,717	$	38,101	$	93,640	$	31,697
Net income available to participating securities (a)		(15)		(178)		(100)		(221)
Net income available to J2 Global, Inc. common shareholders		$	15,702	$	37,923	$	93,540	$	31,476
Denominator:
Weighted-average outstanding shares of common stock		44,613,533		46,850,944		44,506,933		47,235,859
Dilutive effect of:
Equity incentive plans		138,714		—		123,708		20,037
Convertible debt (b)		2,776,655		586,611		2,500,338		1,023,521
Common stock and common stock equivalents		47,528,902		47,437,555		47,130,979		48,279,417
Net income per share:
Basic		$	0.35	$	0.81	$	2.10	$	0.67
Diluted		$	0.33	$	0.80	$	1.98	$	0.65


Fax and Martech	51,644		50,041		104,697		99,580
Voice, Backup, Security, and CPP	11,390		14,755		21,811		24,155
Cloud Services Total	63,034		64,796		126,508		123,735

Total segment operating income	107,140		84,697		201,257		152,089
Corporate (1)	(12,856)		(11,657)		(28,493)		(23,802)
Total income from operations	$	94,284	$	73,040	$	172,764	$	128,287

(1) Corporate includes costs associated with general and administrative and other expenses that are managed on a global basis and that are not directly attributable to any particular segment.
(2) Direct costs for each segment include other operating expenses that are directly attributable to the segment, such as employee compensation expense, local sales and marketing expenses, engineering and network operations expense, depreciation and amortization and other administrative expenses.
(3) Beginning in the third quarter of 2020, certain expenses associated with Corporate that were previously allocated to the Cloud Services business and the Digital Media business for shared costs incurred by Corporate were no longer allocated. Table above has been recast to remove the impact of certain expenses associated with Corporate that were previously allocated to the Cloud Services and Digital Media businesses.


	June 30, 2021		December 31, 2020
Long-lived assets:
United States	$	858,369	$	918,125
All other countries	78,952		54,073
Total (1)	$	937,321	$	972,198


	Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Total
Beginning balance	$	283	$	(63,513)	$	(63,230)
Other comprehensive income	—		3,256		3,256

Net current period other comprehensive income	—		3,256		3,256
Ending balance	$	283	$	(60,257)	$	(59,974)


	Three Months Ended June 30,		Percentage Change	Six Months Ended June 30,		Percentage Change
	2021	2020		2021	2020
Revenues	$429,044	$330,984	30%	$827,228	$663,377	25%


	Payments Due in (in thousands)
Contractual Obligations	2021		2022		2023		2024		2025		Thereafter		Total
Long-term debt - principal (a)	$	399,613	$	—	$	—	$	—	$	—	$	1,300,000	$	1,699,613
Long-term debt - interest (b)	24,089		44,313		44,313		44,313		44,313		183,063		384,404
Bridge loan (c)	—		2,811		—		—		—		—		2,811
Operating leases (d)	18,250		33,715		27,952		20,062		11,672		31,642		143,293
Finance leases (e)	279		315		30		—		—		—		624
Telecom services and co-location facilities (f)	2,528		1,663		389		5		—		—		4,585
Holdback payments (g)	4,145		13,688		—		—		—		—		17,833

Transition tax (h)	—		—		—		3,189		8,486		—		11,675
Self-Insurance (i)	13,574		9,285		—		—		—		—		22,859
Other (j)	758		598		—		—		—		—		1,356
Total	$	463,236	$	106,388	$	72,684	$	67,569	$	64,471	$	1,514,705	$	2,289,053


Period	Total Number of Shares Purchased (1)	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Program	Maximum Number of Shares That May Yet Be Purchased Under the Plans or Program
April 1, 2021 - April 30, 2021	47,789	$	121.41	—	7,509,401
May 1, 2021 - May 31, 2021	25,900	$	121.54	—	7,509,401
June 1, 2021 - June 30, 2021	13,466	$	133.59	—	7,509,401
Total	87,155			—	7,509,401



3.1			Amended and Restated Certificate of Incorporation of J2 Global, Inc., dated as of June 10, 2014 (1)

3.2			Amendment to Amended and Restated Certificate of Incorporation of J2 Global, Inc. dated as of September 5, 2019 (2)

3.3			Third Amended and Restated By-Laws (2)

10.1			Credit Agreement, dated as of April 7, 2021, among J2 Global, Inc., the Lenders from time to time party thereto and MUFG Union Bank, N.A., as Administrative Agent and Collateral Agent (3)

10.2			First Amendment to Credit Agreement, dated as of June 2, 2021, by and among J2 Global, Inc., the subsidiaries of J2 Global, Inc. party thereto as guarantors, Citicorp North America Inc. and MUFG (4) Union Bank, N.A., as lenders, and MUFG Union Bank, N.A., as administrative agent for the lenders.

31.1			Rule 13a-14(a) Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2			Rule 13a-14(a) Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1			Section 1350 Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2			Section 1350 Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101			The following financial information from J2 Global, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020, (ii) Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2021 and 2020, (iii) Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2021 and 2020, (iv) Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020, (v) Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2021 and 2020, and (vi) the Notes to Condensed Consolidated Financial Statements.

104			Cover Page Interactive Data File - the cover page from J2 Global, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 is formatted in Inline XBRL