10-Q Filing

VERISIGN INC/CA CIK: 1014473 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001014473-17-000012`
Period End Date	20170331
Filing Date	20170427
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	vrsn-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 54

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`	$234.03M	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`	$231.94M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$454.59M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.57B	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.33B	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	324.12M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$30.85M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	324.97M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$44.44M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	103.09M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.82B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	101.84M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.84B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$262.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$266.12M	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`	$9.38M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$20.26M	USD	Point-in-time
Deposits to acquire Intangible Assets	`DepositsAssetsNoncurrent`	$145.00M	USD	Point-in-time
Deposits to acquire Intangible Assets	`DepositsAssetsNoncurrent`	$145.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$19.19M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$18.15M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$492.23M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$498.30M	USD	Point-in-time
Total assets	`Assets`	$2.32B	USD	Point-in-time
Total assets	`Assets`	$2.33B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$155.01M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$203.92M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$718.49M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$688.26M	USD	Point-in-time
Convertible Debentures, including contingent interest derivative	`ConvertibleDebtCurrent`	$625.89M	USD	Point-in-time
Convertible Debentures, including contingent interest derivative	`ConvertibleDebtCurrent`	$629.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.52B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.50B	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$287.42M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$293.89M	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`	$359.14M	USD	Point-in-time
Deferred Tax Liabilities, Net	`DeferredTaxLiabilities`	$371.43M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$117.17M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$113.21M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.00B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.01B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.50B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.54B	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	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock-par value $.001 per share	`PreferredStockValue`	-	USD	Point-in-time
Common stock-par value $.001 per share	`CommonStockValue`	$325.00K	USD	Point-in-time
Common stock-par value $.001 per share	`CommonStockValue`	$324.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.84B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.99B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.02B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.18B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.11M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.19B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.20B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.32B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.33B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$281.88M	USD	1 Quarter
Revenues	`Revenues`	$288.61M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.67M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.58M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$20.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$18.32M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.34M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.74M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$31.01M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$115.11M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$113.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$175.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$166.77M	USD	1 Quarter
Interest expense	`InterestExpense`	$29.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.80M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$3.12M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$1.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$147.55M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$141.08M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$33.63M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$31.14M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$107.46M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$116.41M	USD	1 Quarter
Change in unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$365.00K	USD	1 Quarter
Change in unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$935.00K	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`	$19.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$346.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$869.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$108.33M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$116.76M	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.14	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.98	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.94	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.82	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	102.47M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.59M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.46M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	131.58M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$116.41M	USD	1 Quarter
Net income	`ProfitLoss`	$107.46M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$14.87M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$13.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.56M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.76M	USD	1 Quarter
Contingent interest payment for debenture	`Contingentinterestpaymentfordebenture`	$6.54M	USD	1 Quarter
Contingent interest payment for debenture	`Contingentinterestpaymentfordebenture`	$7.72M	USD	1 Quarter
Amortization of Debt Issuance Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.27M	USD	1 Quarter
Amortization of Debt Issuance Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.49M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$1.44M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$1.84M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.20M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.75M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-59.89M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.54M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$36.69M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$31.00M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-20.77M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-18.48M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$149.64M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$148.19M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.05B	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$900.81M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$874.03M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$813.46M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.08M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.65M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-12.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$238.77M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$19.70M	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.08M	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$172.36M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$173.05M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-165.05M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-164.28M	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`	$738.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.37M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$222.65M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$234.03M	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`	$231.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$454.59M	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`	$228.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$231.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$454.59M	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaidNet`	$28.19M	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`	$17.86M	USD	1 Quarter

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