$VRSN
VeriSign, Inc

2022 Q1 Form 10-Q Financial Statement

#000101447322000016 Filed on April 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $346.9M $323.6M
YoY Change 7.2% 3.54%
Cost Of Revenue $50.70M $47.00M
YoY Change 7.87% 3.13%
Gross Profit $296.2M $276.6M
YoY Change 7.09% 3.61%
Gross Profit Margin 85.38% 85.48%
Selling, General & Admin $48.50M $45.90M
YoY Change 5.66% 5.93%
% of Gross Profit 16.37% 16.59%
Research & Development $22.90M $20.30M
YoY Change 12.81% 16.95%
% of Gross Profit 7.73% 7.34%
Depreciation & Amortization $11.90M $11.60M
YoY Change 2.59% 3.57%
% of Gross Profit 4.02% 4.19%
Operating Expenses $71.40M $66.20M
YoY Change 7.85% 9.08%
Operating Profit $224.8M $210.4M
YoY Change 6.84% 2.01%
Interest Expense $18.80M $22.50M
YoY Change -16.44% -0.16%
% of Operating Profit 8.36% 10.69%
Other Income/Expense, Net $300.0K $444.0K
YoY Change -32.43% -93.73%
Pretax Income $206.3M $188.3M
YoY Change 9.56% -1.32%
Income Tax $48.80M $37.90M
% Of Pretax Income 23.65% 20.13%
Net Earnings $157.5M $150.4M
YoY Change 4.72% -54.99%
Net Earnings / Revenue 45.4% 46.48%
Basic Earnings Per Share
Diluted Earnings Per Share $1.428M $1.327M
COMMON SHARES
Basic Shares Outstanding 110.2M shares 113.1M shares
Diluted Shares Outstanding 110.3M shares 113.3M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.210B $1.181B
YoY Change 2.42% 3.69%
Cash & Equivalents $758.5M $246.8M
Short-Term Investments $451.1M $934.0M
Other Short-Term Assets $58.10M $54.37M
YoY Change 6.85% 16.03%
Inventory
Prepaid Expenses $25.60M $23.00M
Receivables $5.200M $5.135M
Other Receivables $1.500M $1.000M
Total Short-Term Assets $1.268B $1.236B
YoY Change 2.6% 4.22%
LONG-TERM ASSETS
Property, Plant & Equipment $244.9M $241.1M
YoY Change 1.56% -2.68%
Goodwill $52.50M $52.53M
YoY Change -0.05% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.30M $41.11M
YoY Change -21.43% 6.26%
Total Long-Term Assets $705.5M $547.3M
YoY Change 28.89% -3.7%
TOTAL ASSETS
Total Short-Term Assets $1.268B $1.236B
Total Long-Term Assets $705.5M $547.3M
Total Assets $1.973B $1.783B
YoY Change 10.67% 1.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.400M $11.00M
YoY Change -32.73% 10.0%
Accrued Expenses $82.40M $90.00M
YoY Change -8.44% 2.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.089B $1.010B
YoY Change 7.75% 5.71%
LONG-TERM LIABILITIES
Long-Term Debt $1.786B $1.791B
YoY Change -0.26% 0.17%
Other Long-Term Liabilities $79.30M $95.44M
YoY Change -16.91% -30.88%
Total Long-Term Liabilities $2.170B $2.176B
YoY Change -0.31% -1.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.089B $1.010B
Total Long-Term Liabilities $2.170B $2.176B
Total Liabilities $3.258B $3.187B
YoY Change 2.25% 0.75%
SHAREHOLDERS EQUITY
Retained Earnings -$14.72B -$15.51B
YoY Change -5.11% -3.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.91B $11.17B
YoY Change 6.62% 6.58%
Treasury Stock Shares 244.6M shares 241.3M shares
Shareholders Equity -$1.285B -$1.404B
YoY Change
Total Liabilities & Shareholders Equity $1.973B $1.783B
YoY Change 10.67% 1.66%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $157.5M $150.4M
YoY Change 4.72% -54.99%
Depreciation, Depletion And Amortization $11.90M $11.60M
YoY Change 2.59% 3.57%
Cash From Operating Activities $207.1M $198.3M
YoY Change 4.44% 10.13%
INVESTING ACTIVITIES
Capital Expenditures $6.600M $6.700M
YoY Change -1.49% -39.16%
Acquisitions
YoY Change
Other Investing Activities $531.1M -$168.5M
YoY Change -415.19% -287.01%
Cash From Investing Activities $524.5M -$175.2M
YoY Change -399.37% -321.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $204.6M $185.4M
YoY Change 10.36% -32.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$196.4M -$177.3M
YoY Change 10.77% -33.68%
NET CHANGE
Cash From Operating Activities $207.1M $198.3M
Cash From Investing Activities $524.5M -$175.2M
Cash From Financing Activities -$196.4M -$177.3M
Net Change In Cash $535.1M -$154.4M
YoY Change -446.57% 1525.43%
FREE CASH FLOW
Cash From Operating Activities $207.1M $198.3M
Capital Expenditures $6.600M $6.700M
Free Cash Flow $200.5M $191.6M
YoY Change 4.65% 13.34%

Facts In Submission

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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21 Rate

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