2014 Q2 Form 10-Q Financial Statement

#000101447314000040 Filed on July 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $250.4M $239.3M
YoY Change 4.62% 11.76%
Cost Of Revenue $45.99M $46.63M
YoY Change -1.37% 8.84%
Gross Profit $204.4M $192.7M
YoY Change 6.07% 12.5%
Gross Profit Margin 81.63% 80.52%
Selling, General & Admin $45.58M $43.72M
YoY Change 4.25% -10.84%
% of Gross Profit 22.3% 22.69%
Research & Development $15.69M $16.90M
YoY Change -7.13% 9.3%
% of Gross Profit 7.68% 8.77%
Depreciation & Amortization $16.10M $15.40M
YoY Change 4.55% 13.24%
% of Gross Profit 7.88% 7.99%
Operating Expenses $61.27M $60.62M
YoY Change 1.07% -6.01%
Operating Profit $143.1M $132.1M
YoY Change 8.36% 23.46%
Interest Expense $21.49M $19.81M
YoY Change 8.49% 57.46%
% of Operating Profit 15.02% 15.0%
Other Income/Expense, Net $4.994M $6.161M
YoY Change -18.94% -393.8%
Pretax Income $126.6M $118.4M
YoY Change 6.92% 28.31%
Income Tax $26.45M $31.54M
% Of Pretax Income 20.89% 26.63%
Net Earnings $100.2M $86.89M
YoY Change 15.29% 26.9%
Net Earnings / Revenue 40.01% 36.31%
Basic Earnings Per Share $0.58
Diluted Earnings Per Share $710.1K $0.55
COMMON SHARES
Basic Shares Outstanding 129.4M shares 148.6M shares
Diluted Shares Outstanding 141.1M shares 158.6M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.545B $1.997B
YoY Change -22.63% 38.87%
Cash & Equivalents $237.4M $578.3M
Short-Term Investments $1.308B $1.419B
Other Short-Term Assets $37.76M $746.0K
YoY Change 4961.93% 13.2%
Inventory
Prepaid Expenses $16.89M $15.66M
Receivables $13.81M $13.56M
Other Receivables $9.000M $14.00M
Total Short-Term Assets $1.597B $2.053B
YoY Change -22.22% 34.15%
LONG-TERM ASSETS
Property, Plant & Equipment $323.8M $337.9M
YoY Change -4.17% 2.6%
Goodwill $52.53M $52.53M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $26.69M $29.17M
YoY Change -8.51% 0.99%
Total Long-Term Assets $725.6M $471.6M
YoY Change 53.87% 14.62%
TOTAL ASSETS
Total Short-Term Assets $1.597B $2.053B
Total Long-Term Assets $725.6M $471.6M
Total Assets $2.323B $2.525B
YoY Change -8.01% 30.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.00M $26.00M
YoY Change 0.0% 62.5%
Accrued Expenses $61.00M $67.00M
YoY Change -8.96% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $618.0M $606.0M
YoY Change 1.98%
Total Short-Term Liabilities $1.843B $1.741B
YoY Change 5.88% 158.78%
LONG-TERM LIABILITIES
Long-Term Debt $750.0M $750.0M
YoY Change 0.0% 7.45%
Other Long-Term Liabilities $95.83M $44.93M
YoY Change 113.3% -0.81%
Total Long-Term Liabilities $1.112B $1.058B
YoY Change 5.13% -20.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.843B $1.741B
Total Long-Term Liabilities $1.112B $1.058B
Total Liabilities $2.955B $2.799B
YoY Change 5.6% 39.85%
SHAREHOLDERS EQUITY
Retained Earnings -$19.16B -$19.73B
YoY Change -2.88% -1.77%
Common Stock $321.0K $320.0K
YoY Change 0.31% 0.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.400B $5.400B
YoY Change 18.52% 12.5%
Treasury Stock Shares 195.4M shares 175.7M shares
Shareholders Equity -$632.9M -$273.9M
YoY Change
Total Liabilities & Shareholders Equity $2.323B $2.525B
YoY Change -8.01% 30.01%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $100.2M $86.89M
YoY Change 15.29% 26.9%
Depreciation, Depletion And Amortization $16.10M $15.40M
YoY Change 4.55% 13.24%
Cash From Operating Activities $121.1M $146.9M
YoY Change -17.56% 8.9%
INVESTING ACTIVITIES
Capital Expenditures -$7.400M -$20.50M
YoY Change -63.9% 54.14%
Acquisitions
YoY Change
Other Investing Activities $142.2M $65.00M
YoY Change 118.77% -105.96%
Cash From Investing Activities $134.6M $44.60M
YoY Change 201.79% -104.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -285.5M 310.0M
YoY Change -192.1% -572.56%
NET CHANGE
Cash From Operating Activities 121.1M 146.9M
Cash From Investing Activities 134.6M 44.60M
Cash From Financing Activities -285.5M 310.0M
Net Change In Cash -29.80M 501.5M
YoY Change -105.94% -148.5%
FREE CASH FLOW
Cash From Operating Activities $121.1M $146.9M
Capital Expenditures -$7.400M -$20.50M
Free Cash Flow $128.5M $167.4M
YoY Change -23.24% 12.96%

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dei Document Fiscal Year Focus
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dei Document Period End Date
DocumentPeriodEndDate
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dei Entity Central Index Key
EntityCentralIndexKey
0001014473
CY2014Q3 dei Entity Common Stock Shares Outstanding
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
VERISIGN INC/CA

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