10-Q Filing

VERISIGN INC/CA CIK: 1014473 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001014473-19-000015`
Period End Date	20190331
Filing Date	20190425
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	vrsn-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 36 Cash Flow Statement 52 Stockholders Equity 8

Balance Sheet 72 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`	$357.42M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$779.62M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$473.37M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$912.25M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	352.87M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	352.32M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$62.28M	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$47.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	120.04M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	119.39M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$252.24M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$253.91M	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`	$120.19M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$104.99M	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`	$41.05M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$34.45M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$604.41M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$597.47M	USD	Point-in-time
Total assets	`Assets`	$1.92B	USD	Point-in-time
Total assets	`Assets`	$1.91B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$215.21M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$184.00M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$757.28M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$732.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$947.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$941.28M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$289.73M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$285.72M	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.79B	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.79B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$281.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$309.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.35B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.38B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.30B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.33B	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`	$353.00K	USD	Point-in-time
Common stock-par value $.001 per share	`CommonStockValue`	$352.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.71B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.52B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.93B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.09B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.76M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.39B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.41B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.23B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.26B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.91B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.92B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$306.41M	USD	1 Quarter
Revenues	`Revenues`	$299.29M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$48.15M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$45.50M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.52M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$17.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.13M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.38M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$33.07M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$106.16M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$113.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$185.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$200.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$40.79M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$7.80M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$12.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$189.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$152.44M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$18.17M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$134.26M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$162.53M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$243.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$49.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$162.58M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$134.51M	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.36	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.38	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.09	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.35	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	97.25M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.76M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	120.32M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	123.51M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$134.26M	USD	1 Quarter
Net income	`ProfitLoss`	$162.53M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$12.12M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$11.59M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.98M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.46M	USD	1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.85M	USD	1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.13M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$147.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-4.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$226.00K	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`	$-31.61M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$29.22M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$27.12M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.37M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$59.11M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.33M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$939.56M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.93B	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$496.78M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$631.46M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.13M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.66M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.96M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$160.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$430.69M	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`	$8.25M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$204.30M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$152.74M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-196.05M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-144.93M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$255.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$167.00K	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, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$422.23M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$366.75M	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`	$475.14M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$788.98M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$366.75M	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`	$475.14M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$788.98M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.06M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$43.33M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$14.19M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$72.96M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Deficit	`StockholdersEquity`	$-1.39B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.41B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.23B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.26B	USD	Point-in-time
Net Income	`ProfitLoss`	$134.26M	USD	1 Quarter
Net Income	`ProfitLoss`	$162.53M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$243.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$49.00K	USD	1 Quarter

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