10-Q Filing

VERISIGN INC/CA CIK: 1014473 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001014473-23-000019`
Period End Date	20230331
Filing Date	20230427
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	vrsn-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 10

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`	$819.80M	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`	$373.60M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$606.80M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$195.20M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.50M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.70M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$58.30M	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$58.10M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	104.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.04B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	105.30M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$232.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$224.90M	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`	$234.60M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$232.60M	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`	$28.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$30.60M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$694.70M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$683.90M	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Total assets	`Assets`	$1.73B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$226.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$239.20M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$932.20M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$890.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.12B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.17B	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$328.70M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$328.70M	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`	$62.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$62.10M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.18B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.18B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.35B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.30B	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`	$12.64B	USD	Point-in-time
Common Stocks, Including Additional Paid in Capital	`CommonStocksIncludingAdditionalPaidInCapital`	$12.43B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.03B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.20B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.70M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.26B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.29B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.59B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.56B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.76B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.73B	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.50M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	354.70M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	104.30M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	105.30M	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`	$364.40M	USD	1 Quarter
Revenues	`Revenues`	$346.90M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.70M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$49.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$24.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$22.90M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$48.50M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$49.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$122.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$123.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$224.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$241.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.80M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$11.30M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$300.00K	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$206.30M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$233.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$55.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$48.80M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$157.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$178.70M	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`	$178.70M	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.43	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.70	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.70	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.43	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	104.90M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	110.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	105.00M	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`	$178.70M	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`	$13.80M	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`	$2.90M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.30M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.90M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.90M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.60M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$28.30M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$41.80M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.20M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$207.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$259.00M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$562.00M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$696.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$146.50M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$164.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$409.80M	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`	$8.00M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$230.50M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$204.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-222.50M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-196.40M	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`	$535.10M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$446.10M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$825.10M	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`	$763.90M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.00M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$825.10M	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`	$763.90M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.00M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.10M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$13.10M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$18.30M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$2.20M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Deficit	`StockholdersEquity`	$-1.26B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.29B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.59B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.56B	USD	Point-in-time
Excise tax on repurchase of common stock	`ExciseTaxOnRepurchaseOfCommonStock`	-	USD	1 Quarter
Excise tax on repurchase of common stock	`ExciseTaxOnRepurchaseOfCommonStock`	$1.90M	USD	1 Quarter
Net Income	`ProfitLoss`	$157.50M	USD	1 Quarter
Net Income	`ProfitLoss`	$178.70M	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.