10-Q Filing

VERISIGN INC/CA CIK: 1014473 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001014473-18-000028`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	vrsn-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 54

Balance Sheet 74 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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.70B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$465.85M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.95B	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$652.74M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	325.96M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$31.40M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	325.22M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$52.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.45B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	97.00M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	97.59M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.41B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$257.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$263.51M	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`	$15.39M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$15.43M	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`	$26.31M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$18.60M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$495.04M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$496.80M	USD	Point-in-time
Total assets	`Assets`	$2.94B	USD	Point-in-time
Total assets	`Assets`	$2.91B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$219.60M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$181.57M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$713.31M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$736.55M	USD	Point-in-time
Convertible Debentures	`ConvertibleDebtCurrent`	$627.62M	USD	Point-in-time
Convertible Debentures	`ConvertibleDebtCurrent`	$630.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.55B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.56B	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$286.10M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$289.97M	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.78B	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.78B	USD	Point-in-time
Deferred Tax Liabilities, Net	`DeferredTaxLiabilities`	$444.11M	USD	Point-in-time
Deferred Tax Liabilities, Net	`DeferredTaxLiabilities`	$214.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$303.58M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$128.20M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.64B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.59B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.20B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.14B	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`	$326.00K	USD	Point-in-time
Common stock-par value $.001 per share	`CommonStockValue`	$325.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.44B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.31B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.54B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.69B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.94M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.26B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.23B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.94B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.91B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$299.29M	USD	1 Quarter
Revenues	`Revenues`	$288.61M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$48.15M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.67M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$18.32M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$17.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$33.07M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$31.01M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$113.34M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$113.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$175.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$185.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$29.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$40.79M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$1.30M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$7.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$152.44M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$147.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$18.17M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$31.14M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$134.26M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$116.41M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$346.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$243.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$116.76M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$134.51M	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.38	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.14	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.94	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.09	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	97.25M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	102.47M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	123.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.46M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$134.26M	USD	1 Quarter
Net income	`ProfitLoss`	$116.41M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$13.10M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$12.12M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.98M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.56M	USD	1 Quarter
Amortization of Debt Issuance Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.92M	USD	1 Quarter
Amortization of Debt Issuance Costs and Discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.49M	USD	1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.76M	USD	1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.13M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-328.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-87.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.20M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$987.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.27M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-67.61M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$36.69M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$27.12M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$59.11M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-20.77M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$148.19M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.99M	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`	$1.93B	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$813.46M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$631.46M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.66M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.65M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$160.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-11.75M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$238.43M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.29B	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.81M	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$173.05M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$152.74M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-144.93M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-165.05M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$167.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$738.00K	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$222.30M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.24B	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$463.88M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$475.14M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.71B	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$241.58M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$463.88M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$475.14M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.71B	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$241.58M	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`	$43.33M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$72.96M	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.