This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

J2 Global Reports Q4 And Year End 2011 Results And Provides 2012 Outlook

(2) The estimated GAAP effective tax rate was approximately 16.3% for 2011 and 24.9% for 2010. The estimated Non-GAAP effective tax rate was approximately 25% for 2011 and 26.3% for 2010.

(3) For 2011, Non-GAAP earnings per diluted share excludes share-based compensation and related payroll taxes, certain acquisition-related integration costs, the sale of a tradename, the reversal of uncertain income tax positions due to expired statutes of limitations and gain on sale of auction rate securities, in each case net of tax, totaling $0.10. For 2010, Non-GAAP earnings per diluted share excludes share-based compensation and related payroll taxes, certain acquisition-related integration costs, in each case net of tax, totaling $0.15.

(4) Free cash flow is defined as net cash provided by operating activities, less purchases of property, plant and equipment, plus excess tax benefit from share-based compensation. In addition, the amount shown for 2010 excludes the impact of a $14.2 million payment to the IRS in settlement of an audit for transfer pricing covering tax years 2004 through 2008 which was fully accrued for in prior periods. Including this settlement amount, the Company’s free cash flow for the year was $94.6 million. Free cash flow for 2010 was impacted by approximately $3.4 million, net of tax, of transition and acquisition-related costs.

FOURTH QUARTER 2011 RESULTS

GAAP revenues increased 19.8% to $85.1 million compared to $71 million for Q4 2010.

GAAP net earnings per diluted share increased 6.9% to $0.62 compared to $0.58 for Q4 2010. Non-GAAP net earnings per diluted share (5)(6) increased 6.7% to $0.64 compared to $0.60 for Q4 2010.

Free cash flow (7) increased 85.8% to $40.1 million compared to $21.6 million for Q4 2010.

Key financial results for fourth quarter 2011 versus fourth quarter 2010 are as follows:

      Q4 2011     Q4 2010     % Change
GAAP Revenues     $85.1 million     $71 million     19.8 %
GAAP Net Earnings per Diluted Share (5)     $ 0.62     $ 0.58     6.9 %
Non-GAAP Net Earnings per Diluted Share (5) (6)     $ 0.64     $ 0.60     6.7 %
Free Cash Flow (7)     $40.1 million     $21.6 million     85.8 %

(5) The estimated GAAP effective tax rate was approximately 24.3% for Q4 2011 and 14% for Q4 2010. The estimated Non-GAAP effective tax rate was approximately 24.7% for Q4 2011 and 18% for Q4 2010.

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs