10-Q Filing

VERISIGN INC/CA CIK: 1014473 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001014473-22-000016`
Period End Date	20220331
Filing Date	20220428
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	vrsn-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 8

Balance Sheet 82 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`	$223.50M	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`	$758.50M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$451.10M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$982.30M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.40M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.20M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$58.10M	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$62.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.27B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	109.80M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	110.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.27B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$244.90M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$251.20M	USD	Point-in-time
Goodwill	`Goodwill`	$52.50M	USD	Point-in-time
Goodwill	`Goodwill`	$52.50M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$230.80M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$230.70M	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`	$32.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$35.70M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$705.50M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$715.10M	USD	Point-in-time
Total assets	`Assets`	$1.97B	USD	Point-in-time
Total assets	`Assets`	$1.98B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$211.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$226.60M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$847.40M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$877.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.07B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.09B	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$304.20M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$306.00M	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`	$78.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$79.30M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.17B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.24B	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 Stocks, Including Additional Paid in Capital	`CommonStocksIncludingAdditionalPaidInCapital`	$13.44B	USD	Point-in-time
Common Stocks, Including Additional Paid in Capital	`CommonStocksIncludingAdditionalPaidInCapital`	$13.62B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.72B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.88B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.29B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.40B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.26B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.39B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.97B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.98B	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.40M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.20M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	109.80M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	110.50M	shares	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, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$346.90M	USD	1 Quarter
Revenues	`Revenues`	$323.60M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$47.00M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$22.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.30M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$45.90M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$48.50M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$122.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$113.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$224.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$210.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.80M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$300.00K	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$400.00K	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$188.30M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$206.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$37.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$48.80M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$150.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$157.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$157.30M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$150.40M	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.33	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.43	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.33	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.43	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	113.10M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	110.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.30M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$157.50M	USD	1 Quarter
Net income	`ProfitLoss`	$150.40M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$11.60M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$11.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$13.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.20M	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$-600.00K	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$-1.10M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.30M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.90M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.90M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.60M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$36.20M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$28.30M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-500.00K	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$207.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$198.30M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$793.80M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$696.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$164.90M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$962.30M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-175.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$524.50M	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.20M	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.10M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$185.40M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$204.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-196.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-177.30M	USD	1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-100.00K	USD	1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-200.00K	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-154.40M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$535.10M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$763.90M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$256.20M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.80M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$410.60M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$763.90M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$256.20M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.80M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$410.60M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.10M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$13.20M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$17.30M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$2.20M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Deficit	`StockholdersEquity`	$-1.29B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.40B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.26B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.39B	USD	Point-in-time
Net Income	`ProfitLoss`	$157.50M	USD	1 Quarter
Net Income	`ProfitLoss`	$150.40M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter

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