2021 Q2 Form 10-Q Financial Statement

#000143774921018343 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $747.5M $678.8M
YoY Change 10.12% 4.01%
Cost Of Revenue $264.9M $235.8M
YoY Change 12.34% -2.84%
Gross Profit $482.6M $443.0M
YoY Change 8.94% 8.08%
Gross Profit Margin 64.56% 65.26%
Selling, General & Admin $111.4M $96.40M
YoY Change 15.56% -14.16%
% of Gross Profit 23.08% 21.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.30M $45.90M
YoY Change 16.12% 0.44%
% of Gross Profit 11.04% 10.36%
Operating Expenses $111.4M $96.40M
YoY Change 15.56% -14.16%
Operating Profit $267.4M $259.7M
YoY Change 2.96% 18.96%
Interest Expense $31.50M $34.20M
YoY Change -7.89% 12.13%
% of Operating Profit 11.78% 13.17%
Other Income/Expense, Net -$32.00M -$34.90M
YoY Change -8.31% 12.58%
Pretax Income $235.4M $224.8M
YoY Change 4.72% 20.02%
Income Tax $83.80M $45.80M
% Of Pretax Income 35.6% 20.37%
Net Earnings $154.0M $179.0M
YoY Change -13.97% 19.02%
Net Earnings / Revenue 20.6% 26.37%
Basic Earnings Per Share $0.95 $1.10
Diluted Earnings Per Share $0.94 $1.08
COMMON SHARES
Basic Shares Outstanding 162.0M 162.4M
Diluted Shares Outstanding 163.0M 165.1M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $276.3M $309.4M
YoY Change -10.7% 101.83%
Cash & Equivalents $276.3M $309.4M
Short-Term Investments
Other Short-Term Assets $45.40M $33.20M
YoY Change 36.75% 24.81%
Inventory
Prepaid Expenses $98.80M $81.60M
Receivables $467.4M $454.5M
Other Receivables $30.80M $0.00
Total Short-Term Assets $918.7M $878.7M
YoY Change 4.55% 23.71%
LONG-TERM ASSETS
Property, Plant & Equipment $657.6M $560.1M
YoY Change 17.41% -1.13%
Goodwill $4.169B $3.744B
YoY Change 11.35% 10.1%
Intangibles $1.319B $1.264B
YoY Change 4.33% 5.9%
Long-Term Investments
YoY Change
Other Assets $382.9M $309.3M
YoY Change 23.8% 155.83%
Total Long-Term Assets $6.795B $6.129B
YoY Change 10.86% 10.96%
TOTAL ASSETS
Total Short-Term Assets $918.7M $878.7M
Total Long-Term Assets $6.795B $6.129B
Total Assets $7.714B $7.008B
YoY Change 10.07% 12.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $386.9M $322.4M
YoY Change 20.01% 36.21%
Accrued Expenses $38.80M $37.90M
YoY Change 2.37% -1.04%
Deferred Revenue $655.3M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $403.2M $453.0M
YoY Change -10.99% 454.47%
Total Short-Term Liabilities $1.494B $1.490B
YoY Change 0.24% 61.85%
LONG-TERM LIABILITIES
Long-Term Debt $2.700B $2.691B
YoY Change 0.36% 9.95%
Other Long-Term Liabilities $51.20M $57.00M
YoY Change -10.18% -31.9%
Total Long-Term Liabilities $51.20M $57.00M
YoY Change -10.18% -31.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.494B $1.490B
Total Long-Term Liabilities $51.20M $57.00M
Total Liabilities $4.943B $4.832B
YoY Change 2.31% 20.1%
SHAREHOLDERS EQUITY
Retained Earnings $4.991B $4.489B
YoY Change 11.19% 8.29%
Common Stock $2.535B $2.433B
YoY Change 4.2% 4.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.424B $4.088B
YoY Change 8.2% 11.12%
Treasury Stock Shares $382.1M $381.5M
Shareholders Equity $2.754B $2.176B
YoY Change
Total Liabilities & Shareholders Equity $7.714B $7.008B
YoY Change 10.07% 12.41%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $154.0M $179.0M
YoY Change -13.97% 19.02%
Depreciation, Depletion And Amortization $53.30M $45.90M
YoY Change 16.12% 0.44%
Cash From Operating Activities $233.2M $249.5M
YoY Change -6.53% 24.56%
INVESTING ACTIVITIES
Capital Expenditures $62.50M $56.70M
YoY Change 10.23% 20.9%
Acquisitions $17.80M $0.00
YoY Change
Other Investing Activities -$400.0K $1.500M
YoY Change -126.67% 66.67%
Cash From Investing Activities -$99.80M -$58.20M
YoY Change 71.48% 21.76%
FINANCING ACTIVITIES
Cash Dividend Paid $47.10M $44.00M
YoY Change 7.05% 7.32%
Common Stock Issuance & Retirement, Net $150.0M $75.00M
YoY Change 100.0% 50.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$248.7M -$87.00M
YoY Change 185.86% -51.61%
NET CHANGE
Cash From Operating Activities $233.2M $249.5M
Cash From Investing Activities -$99.80M -$58.20M
Cash From Financing Activities -$248.7M -$87.00M
Net Change In Cash -$114.6M $105.0M
YoY Change -209.14% -500.76%
FREE CASH FLOW
Cash From Operating Activities $233.2M $249.5M
Capital Expenditures $62.50M $56.70M
Free Cash Flow $170.7M $192.8M
YoY Change -11.46% 25.68%

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us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
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CY2020Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3500000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11000000.0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3500000 USD
CY2021Q2 us-gaap Payments Of Dividends
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47100000 USD
CY2020Q2 us-gaap Payments Of Dividends
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44000000.0 USD
us-gaap Payments Of Dividends
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94200000 USD
us-gaap Payments Of Dividends
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87900000 USD
CY2021Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
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-0 USD
CY2020Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
34200000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
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-0 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
34200000 USD
CY2021Q2 us-gaap Proceeds From Payments For Other Financing Activities
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-1800000 USD
CY2020Q2 us-gaap Proceeds From Payments For Other Financing Activities
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-2400000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3700000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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-4300000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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-447900000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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700000 USD
CY2020Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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700000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-3000000.0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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500000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-114600000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
105000000.0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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124500000 USD
CY2021Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 USD
CY2020Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 USD
CY2019Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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300000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
390900000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
204400000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218800000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184600000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
276300000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
309400000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
276300000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
309400000 USD
CY2021Q2 us-gaap Income Taxes Paid
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88100000 USD
CY2020Q2 us-gaap Income Taxes Paid
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21600000 USD
us-gaap Income Taxes Paid
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98900000 USD
us-gaap Income Taxes Paid
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25700000 USD
CY2021Q2 us-gaap Interest Paid Net
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50200000 USD
CY2020Q2 us-gaap Interest Paid Net
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41100000 USD
us-gaap Interest Paid Net
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69700000 USD
us-gaap Interest Paid Net
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63700000 USD
CY2021Q2 vrsk Debt Issuance Cost Included In Accounts Payable And Accrued Liabilities
DebtIssuanceCostIncludedInAccountsPayableAndAccruedLiabilities
0 USD
CY2020Q2 vrsk Debt Issuance Cost Included In Accounts Payable And Accrued Liabilities
DebtIssuanceCostIncludedInAccountsPayableAndAccruedLiabilities
100000 USD
vrsk Debt Issuance Cost Included In Accounts Payable And Accrued Liabilities
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0 USD
vrsk Debt Issuance Cost Included In Accounts Payable And Accrued Liabilities
DebtIssuanceCostIncludedInAccountsPayableAndAccruedLiabilities
100000 USD
CY2021Q2 vrsk Deferred Tax Liability Established On Date Of Acquisition
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2200000 USD
CY2020Q2 vrsk Deferred Tax Liability Established On Date Of Acquisition
DeferredTaxLiabilityEstablishedOnDateOfAcquisition
0 USD
vrsk Deferred Tax Liability Established On Date Of Acquisition
DeferredTaxLiabilityEstablishedOnDateOfAcquisition
4400000 USD
vrsk Deferred Tax Liability Established On Date Of Acquisition
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0 USD
CY2021Q2 us-gaap Capital Lease Obligations Incurred
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600000 USD
CY2020Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
100000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
2600000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1600000 USD
CY2021Q2 vrsk Operating Lease Obligations Incurred Net Of Terminations
OperatingLeaseObligationsIncurredNetOfTerminations
2700000 USD
CY2020Q2 vrsk Operating Lease Obligations Incurred Net Of Terminations
OperatingLeaseObligationsIncurredNetOfTerminations
43600000 USD
vrsk Operating Lease Obligations Incurred Net Of Terminations
OperatingLeaseObligationsIncurredNetOfTerminations
9400000 USD
vrsk Operating Lease Obligations Incurred Net Of Terminations
OperatingLeaseObligationsIncurredNetOfTerminations
45200000 USD
CY2021Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
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1400000 USD
CY2020Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
700000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1400000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
700000 USD
CY2021Q2 us-gaap Dividends
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400000 USD
CY2020Q2 us-gaap Dividends
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400000 USD
us-gaap Sublease Income
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-0 USD
CY2021Q2 us-gaap Operating Lease Cost
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13100000 USD
CY2020Q2 us-gaap Operating Lease Cost
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12900000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
26400000 USD
us-gaap Operating Lease Cost
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25200000 USD
CY2021Q2 us-gaap Sublease Income
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400000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
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us-gaap Sublease Income
SubleaseIncome
800000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3300000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1400000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6800000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3100000 USD
CY2021Q2 us-gaap Finance Lease Interest Expense
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100000 USD
us-gaap Dividends
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400000 USD
us-gaap Dividends
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400000 USD
CY2021Q2 vrsk Gain Loss On Disposition Of Property Plant Equipment Noncash
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0 USD
CY2020Q2 vrsk Gain Loss On Disposition Of Property Plant Equipment Noncash
GainLossOnDispositionOfPropertyPlantEquipmentNoncash
0 USD
vrsk Gain Loss On Disposition Of Property Plant Equipment Noncash
GainLossOnDispositionOfPropertyPlantEquipmentNoncash
0 USD
vrsk Gain Loss On Disposition Of Property Plant Equipment Noncash
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3500000 USD
CY2021Q2 vrsk Held For Sale Assets Contributed To Nonpublic Company
HeldForSaleAssetsContributedToNonpublicCompany
0 USD
CY2020Q2 vrsk Held For Sale Assets Contributed To Nonpublic Company
HeldForSaleAssetsContributedToNonpublicCompany
0 USD
vrsk Held For Sale Assets Contributed To Nonpublic Company
HeldForSaleAssetsContributedToNonpublicCompany
0 USD
vrsk Held For Sale Assets Contributed To Nonpublic Company
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65900000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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747500000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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678800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1473600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1368600000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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747500000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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678800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1473600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1368600000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
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656200000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
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468200000 USD
vrsk Increase Decrease In Contract Liabilities
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188000000.0 USD
vrsk Contract With Customer Liability Billings Paid In Advance
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412400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
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224400000 USD
vrsk Revenue Remaining Performance Obligation Current Percentage
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0.99 pure
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
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81900000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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73800000 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
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100000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
400000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
300000 USD
CY2021Q2 us-gaap Lease Cost
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16100000 USD
CY2020Q2 us-gaap Lease Cost
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14400000 USD
us-gaap Lease Cost
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32800000 USD
us-gaap Lease Cost
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28600000 USD
CY2021Q2 us-gaap Operating Lease Payments
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12900000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
12000000.0 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
25400000 USD
us-gaap Operating Lease Payments
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25600000 USD
CY2021Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
100000 USD
CY2020Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
100000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
400000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
300000 USD
CY2021Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1800000 USD
CY2020Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2500000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3700000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4400000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y10M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y6M
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P2Y2M12D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.039 pure
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.041 pure
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.041 pure
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.034 pure
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
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23800000 USD
CY2021Q2 us-gaap Finance Lease Liability
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23600000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
27100000 USD
CY2020Q4 us-gaap Finance Lease Liability
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24700000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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25400000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
12100000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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47700000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
12000000.0 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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45300000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
700000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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37000000.0 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Three
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100000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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33400000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Four
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0 USD
CY2021Q2 vrsk Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
173500000 USD
CY2021Q2 vrsk Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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362300000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due
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24900000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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61700000 USD
CY2021Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1300000 USD
CY2021Q2 us-gaap Operating Lease Liability
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300600000 USD
CY2021Q2 us-gaap Finance Lease Liability
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23600000 USD
CY2021Q2 us-gaap Business Combination Acquisition Related Costs
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300000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
800000 USD
CY2020Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0.0 USD
us-gaap Business Combination Acquisition Related Costs
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1400000 USD
CY2021Q2 vrsk Current Portion Of Escrow
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18000000.0 USD
CY2020Q4 vrsk Current Portion Of Escrow
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1700000 USD
CY2021Q2 us-gaap Escrow Deposit
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4800000 USD
CY2020Q4 us-gaap Escrow Deposit
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18500000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability Current
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400000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
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600000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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200000 USD
CY2020Q4 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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43300000 USD
us-gaap Goodwill Purchase Accounting Adjustments
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1100000 USD
vrsk Goodwill Reclassification Adjustments
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0 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
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16400000 USD
CY2021Q2 us-gaap Goodwill
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4168900000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
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2379800000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1060800000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
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1319000000.0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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2345100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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960300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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1384800000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
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50500000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
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41000000.0 USD
us-gaap Amortization Of Intangible Assets
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95500000 USD
us-gaap Amortization Of Intangible Assets
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82000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
92400000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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161800000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
149100000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
143400000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
119200000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
114700000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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538400000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
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1319000000.0 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.356 pure
us-gaap Effective Income Tax Rate Continuing Operations
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0.293 pure
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.204 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.206 pure
CY2021Q2 us-gaap Finance Lease Liability Current
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13200000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
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14400000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
403200000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
514300000 USD
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
10400000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
10300000 USD
CY2021Q2 us-gaap Deferred Finance Costs Noncurrent Net
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1400000 USD
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Net
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1600000 USD
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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785547
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
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2700300000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2699600000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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3103500000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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3213900000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
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2700000000.0 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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3150000000.0 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
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5100000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
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5400000 USD
CY2021Q2 us-gaap Share Price
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174.72
CY2020Q4 us-gaap Share Price
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207.59
CY2021Q2 us-gaap Preferred Stock Shares Authorized
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80000000
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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us-gaap Payments Of Dividends
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vrsk Accelerated Share Repurchases Initial Price Shares
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CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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vrsk Common Stock Reissued
CommonStockReissued
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
81900000 USD
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83500000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-348900000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-375700000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
17600000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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300000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
17300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1900000 USD
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
27300000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
26800000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-169600000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21000000.0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
42100000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
706507
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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5611777
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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98.28
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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613400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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713848
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
190.04
vrsk Sharebased Compensation Arrangement By Sharebased Payment Award Options Dividends Reinvested In Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsDividendsReinvestedInPeriod
0
vrsk Sharebased Compensation Arrangements By Sharebased Payment Award Options Dividends Reinvested In Period Weighted Average Exercise Price
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsDividendsReinvestedInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
298161
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
71.65
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
32600000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
81438
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
151.80
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5946026
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
108.91
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
391300000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3997980
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
85.77
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
355600000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3494164
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
76.84
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
456900000 USD
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1948046
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1729503
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2361 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.1821 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0037 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0158 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y3M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y3M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0063 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0071 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M24D
CY2021Q2 vrsk Unrecognized Compensation Cost Related To Nonvested Share Based Compensation Arrangements
UnrecognizedCompensationCostRelatedToNonvestedShareBasedCompensationArrangements
112300000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
11000000.0 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
10100000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 pure
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
747500000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
678800000 USD
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
264900000 USD
CY2020Q2 us-gaap Cost Of Revenue
CostOfRevenue
235800000 USD
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
111400000 USD
CY2020Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
96400000 USD
CY2021Q2 vrsk Investment Loss Income And Other Net
InvestmentLossIncomeAndOtherNet
-500000 USD
CY2020Q2 vrsk Investment Loss Income And Other Net
InvestmentLossIncomeAndOtherNet
-700000 USD
CY2021Q2 vrsk Earnings Before Interest Income Taxes Depreciation And Amortization From Reportable Segment
EarningsBeforeInterestIncomeTaxesDepreciationAndAmortizationFromReportableSegment
370700000 USD
CY2020Q2 vrsk Earnings Before Interest Income Taxes Depreciation And Amortization From Reportable Segment
EarningsBeforeInterestIncomeTaxesDepreciationAndAmortizationFromReportableSegment
345900000 USD
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
53300000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45900000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50500000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41000000.0 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
31500000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
34200000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
235400000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
224800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1473600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1368600000 USD
us-gaap Cost Of Revenue
CostOfRevenue
527300000 USD
us-gaap Cost Of Revenue
CostOfRevenue
493500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
231200000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
208500000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
19400000 USD
vrsk Investment Loss Income And Other Net
InvestmentLossIncomeAndOtherNet
1200000 USD
vrsk Investment Loss Income And Other Net
InvestmentLossIncomeAndOtherNet
-2900000 USD
vrsk Earnings Before Interest Income Taxes Depreciation And Amortization From Reportable Segment
EarningsBeforeInterestIncomeTaxesDepreciationAndAmortizationFromReportableSegment
716300000 USD
vrsk Earnings Before Interest Income Taxes Depreciation And Amortization From Reportable Segment
EarningsBeforeInterestIncomeTaxesDepreciationAndAmortizationFromReportableSegment
683100000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
101800000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
92000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95500000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
82000000.0 USD
us-gaap Interest Expense
InterestExpense
66900000 USD
us-gaap Interest Expense
InterestExpense
67600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
452100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
441500000 USD
CY2021Q2 us-gaap Noncurrent Assets
NoncurrentAssets
6794900000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
6767600000 USD
CY2021Q2 vrsk Percentage Of Ownership On Outstanding Common Stock Required To Become Related Party
PercentageOfOwnershipOnOutstandingCommonStockRequiredToBecomeRelatedParty
0.050 pure
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0 USD

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