2011 Q4 Form 10-K Financial Statement

#000119312513076934 Filed on February 26, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2010 Q4 2010
Revenue $351.6M $293.2M $1.138B
YoY Change 19.92% 10.6% 10.83%
Cost Of Revenue $140.4M $116.5M $463.5M
YoY Change 20.52% -24.05% -5.66%
Gross Profit $211.2M $176.7M $674.9M
YoY Change 19.52% 58.19% 25.96%
Gross Profit Margin 60.07% 60.27% 59.29%
Selling, General & Admin $52.80M $45.20M $166.4M
YoY Change 16.81% -12.91% 2.32%
% of Gross Profit 25.0% 25.58% 24.65%
Research & Development $14.87M
YoY Change
% of Gross Profit 2.2%
Depreciation & Amortization $19.50M $17.70M $68.10M
YoY Change 10.17% 0.0% -4.35%
% of Gross Profit 9.23% 10.02% 10.09%
Operating Expenses $72.30M $63.00M $181.2M
YoY Change 14.76% -9.48% -22.48%
Operating Profit $138.9M $113.7M $440.9M
YoY Change 22.16% 170.07% 46.0%
Interest Expense -$14.40M -$9.100M $34.66M
YoY Change 58.24% -18.02% -192.68%
% of Operating Profit -10.37% -8.0% 7.86%
Other Income/Expense, Net -$34.26M
YoY Change
Pretax Income $124.5M $104.6M $406.7M
YoY Change 19.02% 236.33% 53.68%
Income Tax $44.20M $38.70M $164.1M
% Of Pretax Income 35.5% 37.0% 40.35%
Net Earnings $80.30M $65.90M $242.6M
YoY Change 21.85% -1129.69% 91.59%
Net Earnings / Revenue 22.84% 22.48% 21.31%
Basic Earnings Per Share $1.36
Diluted Earnings Per Share $471.0K $367.3K $1.30
COMMON SHARES
Basic Shares Outstanding 177.7M shares
Diluted Shares Outstanding 186.4M shares

Balance Sheet

Concept 2011 Q4 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $196.7M $60.60M $60.60M
YoY Change 224.59% -21.3% -21.3%
Cash & Equivalents $191.6M $54.97M $55.00M
Short-Term Investments $5.100M $5.700M $5.700M
Other Short-Term Assets $41.25M $28.50M $28.50M
YoY Change 44.73% -32.62% -32.62%
Inventory
Prepaid Expenses $21.91M
Receivables $153.3M $126.6M $126.6M
Other Receivables $36.70M $24.70M $24.70M
Total Short-Term Assets $453.7M $240.4M $240.4M
YoY Change 88.71% 6.7% 6.7%
LONG-TERM ASSETS
Property, Plant & Equipment $119.4M $93.40M $93.40M
YoY Change 27.85% 4.71% 4.71%
Goodwill $709.9M $632.7M
YoY Change 12.21%
Intangibles $226.4M
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.19M $48.60M $48.60M
YoY Change -56.39% -36.55% -36.55%
Total Long-Term Assets $1.087B $976.7M $976.7M
YoY Change 11.34% 26.56% 26.56%
TOTAL ASSETS
Total Short-Term Assets $453.7M $240.4M $240.4M
Total Long-Term Assets $1.087B $976.7M $976.7M
Total Assets $1.541B $1.217B $1.217B
YoY Change 26.62% 22.08% 22.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $163.0M $112.0M $112.0M
YoY Change 45.54% 10.45% 10.45%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.554M $0.00 $435.3M
YoY Change 611.27%
Long-Term Debt Due $5.600M $437.7M $2.400M
YoY Change -98.72% 556.22% -56.36%
Total Short-Term Liabilities $349.7M $720.9M $720.9M
YoY Change -51.5% 140.06% 140.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.100B $401.8M $401.8M
YoY Change 173.84% -23.83% -23.83%
Other Long-Term Liabilities $61.87M $208.8M $208.8M
YoY Change -70.37% 2.3% 2.3%
Total Long-Term Liabilities $61.87M $610.6M $610.6M
YoY Change -89.87% -16.54% -16.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $349.7M $720.9M $720.9M
Total Long-Term Liabilities $61.87M $610.6M $610.6M
Total Liabilities $1.640B $1.332B $1.332B
YoY Change 23.14% 29.03% 29.03%
SHAREHOLDERS EQUITY
Retained Earnings $576.6M
YoY Change
Common Stock $874.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.471B
YoY Change
Treasury Stock Shares 379.7M shares
Shareholders Equity -$98.49M -$114.4M -$114.4M
YoY Change
Total Liabilities & Shareholders Equity $1.541B $1.217B $1.217B
YoY Change 26.62% 22.08% 22.08%

Cashflow Statement

Concept 2011 Q4 2010 Q4 2010
OPERATING ACTIVITIES
Net Income $80.30M $65.90M $242.6M
YoY Change 21.85% -1129.69% 91.59%
Depreciation, Depletion And Amortization $19.50M $17.70M $68.10M
YoY Change 10.17% 0.0% -4.35%
Cash From Operating Activities $51.90M $94.20M $336.0M
YoY Change -44.9% 33.05% 2.95%
INVESTING ACTIVITIES
Capital Expenditures -$17.90M -$16.40M $38.64M
YoY Change 9.15% 13.89% -199.85%
Acquisitions $189.6M
YoY Change
Other Investing Activities $200.0K -$197.7M -$283.0K
YoY Change -100.1% 7503.85% -99.81%
Cash From Investing Activities -$17.70M -$214.2M -$243.7M
YoY Change -91.74% 1160.0% 31.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 104.7M 67.80M -108.8M
YoY Change 54.42% -258.78% 5.82%
NET CHANGE
Cash From Operating Activities 51.90M 94.20M 336.0M
Cash From Investing Activities -17.70M -214.2M -243.7M
Cash From Financing Activities 104.7M 67.80M -108.8M
Net Change In Cash 138.9M -52.20M -16.44M
YoY Change -366.09% -570.27% -142.93%
FREE CASH FLOW
Cash From Operating Activities $51.90M $94.20M $336.0M
Capital Expenditures -$17.90M -$16.40M $38.64M
Free Cash Flow $69.80M $110.6M $297.4M
YoY Change -36.89% 29.81% -18.55%

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-2175000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.36
CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1870000
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13372000
CY2010 us-gaap Net Income Loss
NetIncomeLoss
242552000
CY2010 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-34264000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2186416 shares
CY2010 us-gaap Costs And Expenses
CostsAndExpenses
697429000
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
49015000
CY2010 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6391000
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.30
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2547000
CY2010 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
305000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
186394962 shares
CY2010 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
15980000
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-108787000
CY2010 us-gaap Cost Of Services
CostOfServices
463473000
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2010 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
35482000
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
240377000
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3816000
CY2010 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
10755000
CY2010 us-gaap Advertising Expense
AdvertisingExpense
6877000
CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-899000
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
492000
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
166374000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
164098000
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-109000
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
199000
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4340000
CY2010 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
41000
CY2010 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
140000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38641000
CY2010 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
40945000
CY2010 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
33045000
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
49015000
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
536000
CY2010 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27398000
CY2010 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2138000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
150726000
CY2010 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
49788000
CY2010 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
743000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
19.77
CY2010 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
516000
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-283000
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-239000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2095140 shares
CY2010 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1554000
CY2010 us-gaap Interest Expense
InterestExpense
34664000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.73
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-141000
CY2010 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
544000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
336032000
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
49015000
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048 pure
CY2010 vrsk Transaction Costs
TransactionCosts
1070000
CY2010 vrsk Number Of Customers
NumberOfCustomers
50 Customer
CY2010 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod
3509357 shares
CY2010 vrsk Deferred Federal And Foreign Income Tax Expense Benefit
DeferredFederalAndForeignIncomeTaxExpenseBenefit
7933000
CY2010 vrsk Change In Deferred Income Tax
ChangeInDeferredIncomeTax
10294000
CY2010 vrsk Deferred Tax Liability Established On Date Of Acquisition
DeferredTaxLiabilityEstablishedOnDateOfAcquisition
-36537000
CY2010 vrsk Earnings Before Interest Income Taxes Depreciation Amortization From Reportable Segment
EarningsBeforeInterestIncomeTaxesDepreciationAmortizationFromReportableSegment
509440000
CY2010 vrsk Investment Income And Realized Gain Loss On Securities Net
InvestmentIncomeAndRealizedGainLossOnSecuritiesNet
400000
CY2010 vrsk Ksop Compensation Expense
KsopCompensationExpense
11573000
CY2010 vrsk Ksop Shares Earned
KsopSharesEarned
11573000
CY2010 vrsk Segment Reporting Information Maximum Percentage Of Companys Consolidated Revenue
SegmentReportingInformationMaximumPercentageOfCompanysConsolidatedRevenue
0.0100 pure
CY2010 vrsk Segment Reporting Information Number Of Outside Countries Accounted For Companys Consolidated Revenue
SegmentReportingInformationNumberOfOutsideCountriesAccountedForCompanysConsolidatedRevenue
0 Country
CY2010 vrsk Segment Reporting Information Proportion Of Companys Consolidated Revenue Accounted By Outside Countries
SegmentReportingInformationProportionOfCompanysConsolidatedRevenueAccountedByOutsideCountries
1.00% or more
CY2010 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Aggregate Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageAggregateFairValue
17677000
CY2010 vrsk Increase Decrease Of Income Tax Expense
IncreaseDecreaseOfIncomeTaxExpense
2362000
CY2010 vrsk Increase In Goodwill During Period
IncreaseInGoodwillDuringPeriod
882000
CY2010 vrsk Common Stock Repurchased Average Price Per Share
CommonStockRepurchasedAveragePricePerShare
26.3644
CY2010 vrsk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue
5.84
CY2010 vrsk Accrual Of Acquisition Related Liabilities
AccrualOfAcquisitionRelatedLiabilities
3500000
CY2010 vrsk Expected Return On Plan Assets
ExpectedReturnOnPlanAssets
0.0825 pure
CY2010 vrsk Percentage Of Revenues Represented By Major Customers
PercentageOfRevenuesRepresentedByMajorCustomers
0.45 pure
CY2010 vrsk Percentage Of Revenues Accounted By Major Customers
PercentageOfRevenuesAccountedByMajorCustomers
0.05 pure
CY2010 vrsk Available For Sale Securities Gross Realized Gains Loss Of Registered Investment
AvailableForSaleSecuritiesGrossRealizedGainsLossOfRegisteredInvestment
95000
CY2010 vrsk Other Than Temporary Impairment Of Registered Investment Securities
OtherThanTemporaryImpairmentOfRegisteredInvestmentSecurities
CY2010 vrsk Other Than Temporary Impairment Of Noncontrolling Interest In Non Public Companies
OtherThanTemporaryImpairmentOfNoncontrollingInterestInNonPublicCompanies
CY2010 vrsk Unrecognized Tax Benefits Increases Resulting From Stock Acquisitions
UnrecognizedTaxBenefitsIncreasesResultingFromStockAcquisitions
392000
CY2010 vrsk Current Federal And Foreign Tax Expense Benefit
CurrentFederalAndForeignTaxExpenseBenefit
126075000
CY2010 vrsk Number Of Shares Related To Tax Withholding For Share Based Compensation
NumberOfSharesRelatedToTaxWithholdingForShareBasedCompensation
503043 shares
CY2010 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Values
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValues
5.04
CY2010 vrsk Weighted Average Exercise Price Per Share Granted
WeightedAverageExercisePricePerShareGranted
28.36
CY2011 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
46959000
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5543866 shares
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
8381000
CY2011 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-761000
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-22076000
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
43345000
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
121721000
CY2011 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-13599000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-204129000
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7835000
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
117717000
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
21845000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.82
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
101031000
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In More Than Three Months
ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
120000000
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15393000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166015238 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
192291 shares
CY2011 us-gaap Defined Benefit Plan Actual Return On Plan Assets Still Held
DefinedBenefitPlanActualReturnOnPlanAssetsStillHeld
54000
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.58
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.386 pure
CY2011 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
3716165 shares
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
380710000
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
12373000
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25926000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-183000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
460421000
CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
177663000
CY2011 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-1655000
CY2011 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1331840000
CY2011 us-gaap Interest Paid
InterestPaid
48158000
CY2011 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
590000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
149613000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.009 pure
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
22656000
CY2011 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1437581000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.011 pure
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1278000
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7309872 shares
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
43827000
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
10000000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
136629000
CY2011 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
11326624 shares
CY2011 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
686000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
21343000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
27902000
CY2011 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
262765000
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
513381000
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-132000
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
57684000
CY2011 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
57684000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22656000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22484000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.70
CY2011 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2016-10-24
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
8572000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
23277000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
282758000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-52960000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1574705 shares
CY2011 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
58227000
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
818459000
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
53195000
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3268000
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.63
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1753000
CY2011 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
201000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173325110 shares
CY2011 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
19560000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34780000
CY2011 us-gaap Cost Of Services
CostOfServices
533735000
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2011 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
43345000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
260274000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
281000
CY2011 us-gaap Other Noncash Expense
OtherNoncashExpense
585000
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6015000
CY2011 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
9710000
CY2011 us-gaap Advertising Expense
AdvertisingExpense
7065000
CY2011 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
125000000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2720000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3684000
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
209469000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
177663000
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-183000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-456000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15468000
CY2011 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
908000
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
86000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59829000
CY2011 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
68376000
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
51915000
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
53195000
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1477000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
34792000
CY2011 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
440000000
CY2011 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3437000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
154386000
CY2011 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
13882000
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1730000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
22.58
CY2011 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2011 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
1549000
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-868000
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1506440 shares
CY2011 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
7248000
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.52
CY2011 us-gaap Interest Expense
InterestExpense
53847000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.42
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
351000
CY2011 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3364000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
375721000
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
53195000
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.038 pure
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
696559000
CY2011 vrsk Defined Benefit Plan Target Allocation Percentage Of Assets
DefinedBenefitPlanTargetAllocationPercentageOfAssets
1.0000 pure
CY2011 vrsk Proceeds From Other Investing Activities
ProceedsFromOtherInvestingActivities
300000
CY2011 vrsk Transaction Costs
TransactionCosts
979000
CY2011 vrsk Maximum Unsecured Debt Leverage Ratio
MaximumUnsecuredDebtLeverageRatio
0.0325 pure
CY2011 vrsk Other Investing Activities
OtherInvestingActivities
-300000
CY2011 vrsk Number Of Customers
NumberOfCustomers
50 Customer
CY2011 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod
2876730 shares
CY2011 vrsk Deferred Federal And Foreign Income Tax Expense Benefit
DeferredFederalAndForeignIncomeTaxExpenseBenefit
14896000
CY2011 vrsk Change In Deferred Income Tax
ChangeInDeferredIncomeTax
21321000
CY2011 vrsk Deferred Tax Liability Established On Date Of Acquisition
DeferredTaxLiabilityEstablishedOnDateOfAcquisition
1324000
CY2011 vrsk Earnings Before Interest Income Taxes Depreciation Amortization From Reportable Segment
EarningsBeforeInterestIncomeTaxesDepreciationAmortizationFromReportableSegment
592887000
CY2011 vrsk Earnout Payments
EarnoutPayments
3500000
CY2011 vrsk Investment Income And Realized Gain Loss On Securities Net
InvestmentIncomeAndRealizedGainLossOnSecuritiesNet
887000
CY2011 vrsk Ksop Compensation Expense
KsopCompensationExpense
12615000
CY2011 vrsk Ksop Shares Earned
KsopSharesEarned
12615000
CY2011 vrsk Percentage Of Ownership On Outstanding Common Stock Required To Become Related Party
PercentageOfOwnershipOnOutstandingCommonStockRequiredToBecomeRelatedParty
0.05 pure
CY2011 vrsk Purchase Accounting Adjustments Assets
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CY2011 vrsk Purchase Accounting Adjustments Liabilities
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CY2011 vrsk Segment Reporting Information Number Of Outside Countries Accounted For Companys Consolidated Revenue
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CY2011 vrsk Segment Reporting Information Proportion Of Companys Consolidated Revenue Accounted By Outside Countries
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CY2011 vrsk Common Stock Reissued
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CY2011 vrsk Accrual Of Acquisition Related Liabilities
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CY2011 vrsk Goodwill Accrual Of Acquisition Related Liabilities
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CY2011 vrsk Goodwill Acquisition Related Escrow Funding
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CY2011 vrsk Expected Return On Plan Assets
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CY2011 vrsk Percentage Of Revenues Represented By Major Customers
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CY2011 vrsk Percentage Of Revenues Accounted By Major Customers
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CY2011 vrsk Available For Sale Securities Gross Realized Gains Loss Of Registered Investment
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803000
CY2011 vrsk Other Than Temporary Impairment Of Registered Investment Securities
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CY2011 vrsk Reduction Of Contingent Consideration
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2011 vrsk Unrecognized Tax Benefits Decreases Resulting From Stock Acquisitions
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CY2011 vrsk Current Federal And Foreign Tax Expense Benefit
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CY2011 vrsk Weighted Average Exercise Price Per Share Granted
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CY2012 dei Document Fiscal Period Focus
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CY2012 dei Entity Voluntary Filers
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No
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CY2012 dei Document Type
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10-K
CY2012 dei Document Period End Date
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CY2012 dei Entity Central Index Key
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CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
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CY2012 dei Trading Symbol
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VRSK
CY2012 dei Entity Registrant Name
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CY2012 dei Entity Current Reporting Status
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Yes
CY2012 dei Amendment Flag
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false
CY2012 dei Entity Filer Category
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CY2012 us-gaap Goodwill And Intangible Asset Impairment
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2012 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
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CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
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CY2012 us-gaap Proceeds From Stock Options Exercised
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CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2012 us-gaap Increase Decrease In Pension And Postretirement Obligations
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Treasury Stock Value Acquired Cost Method
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CY2012 us-gaap Income Tax Expense Benefit Continuing Operations
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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SoftwareDevelopmentCostAmortizationPeriod
3 Y
CY2012 vrsk Interest Rate Of Equity Investments In Non Public Companies
InterestRateOfEquityInvestmentsInNonPublicCompanies
Less than 20%
CY2012 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Values
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValues
7.38
CY2012 vrsk Weighted Average Exercise Price Per Share Granted
WeightedAverageExercisePricePerShareGranted
47.38
CY2012 vrsk Employee Stock Ownership Plan Esop Cash Contributions To Esop Loan Stretch Out
EmployeeStockOwnershipPlanEsopCashContributionsToEsopLoanStretchOut
8000000

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vrsk-20121231.xml Edgar Link completed
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