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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 _____ __________________ _
FORM 10-Q _____ _____ ___ _____ ___ ___(Mark One)
For the quarterly period ended March 31, 2013
or
For the trans ition period from to
Commiss ion File Number: 000-51595 _____________ ________ ___
Web.com Group, Inc. (Exact name of registrant as specified in i ts charter)
_____ __________________ _
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Delaware 94-3327894
(904) 680-6600
(Registrant s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report) _____________ ________ ___
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act o f 1934 during the preceding 12 months (or for such s horter period that the registrant was required to file such reports ), and(2) has been s ubject to such filing requirements for the past 90 days .
Yes No
Indicate by check mark whether the registrant has s ubmitted e lectronically and pos ted on its corporate Web s ite, if any, everyInteractive Data File required to be s ubmitted and pos ted pursuant to Rule 405 of Regulation S-T (232.405 of this chap ter) during the
preced ing 12 months (or for such s horte r period that the registran t was required to submit and pos t such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of theExchange Act.
Indicate by check mark whether the registrant is a she ll company (as defined in Rule 12b-2 of the Exchange Act ). Yes No
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
12808 Gran Bay Parkway, West, Jacksonville, FL 32258
(Address of principal executive offices) (Zip Code)
Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company
(Do not check if a smaller reporting company)
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Common Stock, par value $0.001 per s hare, outs tanding as of April 29, 2013: 49,727,895
Web.com Group, Inc.
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Table of Content s
Quarterly Report on Form 10-Q
For the Quarterly Period ended March 31, 2013
Index
Part I Financial Information 3
Item 1. Financial Statements 3 Consolidated Statements of Comprehens ive Loss (unaudited) 3 Consolidated Balance Sheets (unaudited) 5 Consolidated Statements of Cash Flows (unaudited) 6
Notes to Consolidated Financial Statements (un audited) 7
Item 2. Management s Discussion and Analysis of Financial Condition and Results of Operations 12
Item 3. Quantitative and Qualitative Disclosures Abou t Market Risk 23
Item 4. Controls and Procedures 25
2
Part II Other Information 25
Item 1. Legal Proceedings 25
Item 1A. Risk Factors 26
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35
Item 3. Defaults Upon Senior Securities 35
Item 4. Mine Safety Disclosures 35
Item 5. Other Information 35
Item 6. Exhibits 35
Signatures 37
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Table of Content s
PART I FINANCIAL INFORMATION
Item 1. Financial Statements.
Web.com Group, Inc.
Consolidated Statements of Comprehensive Loss
(in thousands, except per share amounts) (unaudited)
Three months ended March 31,
2013 2012
Revenue $ 115,546 $ 91,514
Cost of revenue 42,640 38,608
Gross