10-Q Filing

VERISIGN INC/CA CIK: 1014473 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001014473-16-000101`
Period End Date	20160331
Filing Date	20160428
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	vrsn-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 64

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$705.88M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$228.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$234.03M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$191.61M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.69B	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.66B	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	322.99M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	323.88M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.64M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.19M	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$39.86M	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$34.04M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	108.88M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	110.07M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.95B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.97B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$295.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$286.20M	USD	Point-in-time
Goodwill	`Goodwill`	$52.53M	USD	Point-in-time
Goodwill	`Goodwill`	$52.53M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$15.32M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$17.36M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$23.56M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$24.36M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$389.81M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$377.62M	USD	Point-in-time
Total assets	`Assets`	$2.32B	USD	Point-in-time
Total assets	`Assets`	$2.36B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$188.17M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$148.68M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$680.48M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$703.60M	USD	Point-in-time
Convertible Debentures, including contingent interest derivative	`ConvertibleDebtCurrent`	$634.33M	USD	Point-in-time
Convertible Debentures, including contingent interest derivative	`ConvertibleDebtCurrent`	$629.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.50B	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$288.74M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$280.86M	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.24B	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.24B	USD	Point-in-time
Deferred Tax Liabilities, Net	`DeferredTaxLiabilities`	$294.19M	USD	Point-in-time
Deferred Tax Liabilities, Net	`DeferredTaxLiabilities`	$310.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$114.57M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$114.80M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.95B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.93B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.43B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.43B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock-par value $.001 per share; Authorized shares: 5,000; Issued and outstanding shares: none	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock-par value $.001 per share; Authorized shares: 5,000; Issued and outstanding shares: none	`PreferredStockValue`	-	USD	Point-in-time
Common stock-par value $.001 per share; Authorized shares: 1,000,000; Issued shares: 323,884 at March 31, 2016 and 322,990 at December 31, 2015; Outstanding shares: 108,879 at March 31, 2016 and 110,072 at December 31, 2015	`CommonStockValue`	$323.00K	USD	Point-in-time
Common stock-par value $.001 per share; Authorized shares: 1,000,000; Issued shares: 323,884 at March 31, 2016 and 322,990 at December 31, 2015; Outstanding shares: 108,879 at March 31, 2016 and 110,072 at December 31, 2015	`CommonStockValue`	$324.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.56B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.41B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.63B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.52B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.12M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.11B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.07B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.36B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.32B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$258.42M	USD	1 Quarter
Revenues	`Revenues`	$281.88M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.58M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$48.35M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$20.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$22.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.15M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.74M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.76M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$114.19M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$115.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$166.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$144.24M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.80M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$-5.55M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$3.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$141.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$116.67M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$28.43M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$33.63M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$88.24M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$107.46M	USD	1 Quarter
Change in unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$935.00K	USD	1 Quarter
Change in unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$87.00K	USD	1 Quarter
Realized gain on investments, net of tax, included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$66.00K	USD	1 Quarter
Realized gain on investments, net of tax, included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$4.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$869.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$83.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$88.32M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$108.33M	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.98	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.75	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.66	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.82	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.59M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	117.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	131.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.85M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$107.46M	USD	1 Quarter
Net income	`ProfitLoss`	$88.24M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$14.87M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$15.75M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.76M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.13M	USD	1 Quarter
Excess tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.99M	USD	1 Quarter
Excess tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.02M	USD	1 Quarter
Unrealized Gain (Loss) on Derivatives	`UnrealizedGainLossOnDerivatives`	$-7.02M	USD	1 Quarter
Unrealized Gain (Loss) on Derivatives	`UnrealizedGainLossOnDerivatives`	$1.06M	USD	1 Quarter
Contingent interest payment for debenture	`Contingentinterestpaymentfordebenture`	$5.22M	USD	1 Quarter
Contingent interest payment for debenture	`Contingentinterestpaymentfordebenture`	$6.54M	USD	1 Quarter
Amortization of Debt Issuance Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$2.85M	USD	1 Quarter
Amortization of Debt Issuance Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.27M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$779.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$144.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.28M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.78M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.52M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.08M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.54M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.82M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$31.00M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$34.58M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-18.65M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-18.48M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$143.63M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$132.67M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$900.81M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$325.40M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$257.42M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$874.03M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.08M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.04M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.79M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$19.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$51.16M	USD	1 Quarter
Proceeds from issuance of common stock from option exercises and employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.08M	USD	1 Quarter
Proceeds from issuance of common stock from option exercises and employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.78M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$172.36M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$178.33M	USD	1 Quarter
Proceeds from Issuance of Senior Long-term Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$493.82M	USD	1 Quarter
Proceeds from Issuance of Senior Long-term Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Excess tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.02M	USD	1 Quarter
Excess tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.99M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$330.26M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-158.26M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$301.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$184.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.37M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$514.27M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$705.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$228.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$234.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$191.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$705.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$228.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$234.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$191.61M	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$25.49M	USD	1 Quarter
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$27.03M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$13.71M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$12.97M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.