Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

The following tables contain selected unaudited Statements of Operations information for each quarter of 2020 and 2019 (in thousands, except share and per share data). J2 Global believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.


	Year Ended December 31, 2020
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter

Revenues	$	469,240	$	356,976	$	330,984	$	332,393
Gross profit		409,213		301,154		274,182		273,262
Net income		58,088		60,883		38,101		(6,404)

Net income per common share:
Basic	$	1.30	$	1.31	$	0.81	$	(0.13)
Diluted	$	1.27	$	1.31	$	0.80	$	(0.13)
Weighted average shares outstanding
Basic		44,504,222		46,279,515		46,850,944		47,620,774
Diluted		45,642,292		46,309,072		47,437,555		47,620,774

	Year Ended December 31, 2019
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter

Revenues	$	405,588	$	344,141	$	322,432	$	299,893
Gross profit		341,260		282,425		262,166		248,880
Net income (1)		123,023		30,745		32,589		32,449

Net income per common share:
Basic	$	2.54	$	0.63	$	0.67	$	0.67
Diluted	$	2.45	$	0.62	$	0.66	$	0.66
Weighted average shares outstanding
Basic		47,626,833		47,673,211		47,727,786		47,560,749
Diluted		49,425,395		49,064,272		49,102,879		48,509,181

(1) The increase in the Company’s net income in the fourth quarter of 2019 is primarily driven by the tax benefit recognized as a result of an intra-entity asset transfer (see Note 13 - Income Taxes).