VeriSign market cap is $24.7 b, and annual revenue was $1.23 b in FY 2019

VeriSign Gross profit (Q1, 2020)267 M

VeriSign Gross profit margin (Q1, 2020), %85.4%

VeriSign Net income (Q1, 2020)334.1 M

VeriSign EBIT (Q1, 2020)206.3 M

VeriSign Cash, 31-Mar-2020498.7 M

VeriSign revenue was $1.23 b in FY, 2019

VeriSign revenue breakdown by geographic segment: 59.6% from US, 18.1% from EMEA, 9.1% from China and 13.1% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 1.1b | 1.2b | 1.2b | 1.2b |

| 8% | 2% | 4% | |

## Cost of goods sold | 198.2m | 193.3m | 192.1m | 180.5m |

## Gross profit | 943.9m | 971.8m | 1.0b | 1.1b |

| 83% | 83% | 84% | 85% |

## Sales and marketing expense | 80.3m | 82.0m | 64.9m | 46.6m |

## R&D expense | 59.1m | 52.3m | 57.9m | 60.8m |

## General and administrative expense | 118.0m | 129.8m | 132.7m | 137.6m |

## Operating expense total | 257.4m | 264.0m | 447.6m | 245.1m |

## EBIT | 686.6m | 707.7m | 767.4m | 806.1m |

| 60% | 61% | 63% | 65% |

## Interest expense | 115.6m | 136.3m | 114.8m | 43.3m |

## Pre tax profit | 581.2m | 599.0m | 729.5m | 758.8m |

## Income tax expense | 140.5m | (141.8m) | 147.0m | 146.5m |

## Net Income | 440.6m | 457.2m | 582.5m | 612.3m |

- Source: SEC Filings

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 281.9m | 286.5m | 287.6m | 288.6m | 288.6m | 292.4m | 299.3m | 601.7m | 305.8m | 306.4m | 306.3m | 308.4m | 312.5m |

## Cost of goods sold | 50.6m | 48.8m | 49.8m | 50.7m | 47.6m | 47.3m | 48.2m | 95.5m | 48.2m | 45.5m | 44.1m | 44.4m | 45.6m |

## Gross profit | 231.3m | 237.7m | 237.7m | 237.9m | 240.9m | 245.1m | 251.1m | 506.2m | 257.5m | 260.9m | 262.2m | 264.0m | 267.0m |

| 82% | 83% | 83% | 82% | 83% | 84% | 84% | 84% | 84% | 85% | 86% | 86% | 85% |

## Sales and marketing expense | 20.0m | 19.8m | 18.6m | 18.3m | 19.5m | 18.7m | 17.3m | 33.8m | 13.9m | 10.5m | 12.4m | 9.9m | 6.6m |

## R&D expense | 16.7m | 14.3m | 14.3m | 13.3m | 13.5m | 12.7m | 15.4m | 29.1m | 13.7m | 16.1m | 15.0m | 14.6m | 17.4m |

## General and administrative expense | 27.8m | 27.4m | 30.0m | 31.0m | 33.0m | 32.7m | 33.1m | 64.8m | 35.0m | 34.0m | 33.2m | 33.9m | 36.7m |

## Operating expense total | 115.1m | 110.2m | 112.8m | 113.3m | 113.6m | 111.4m | 113.9m | 223.3m | 110.8m | 106.2m | 60.5m | 58.4m | 60.7m |

## EBIT | 166.8m | 176.3m | 174.8m | 175.3m | 175.0m | 181.1m | 185.4m | 378.4m | 195.0m | 200.3m | 201.7m | 205.6m | 206.3m |

| 59% | 62% | 61% | 61% | 61% | 62% | 62% | 63% | 64% | 65% | 66% | 67% | 66% |

## Interest expense | 28.8m | 28.9m | 28.9m | 29.0m | 29.1m | 37.8m | 40.8m | 69.6m | 22.6m | 22.6m | 11.4m | 10.5m | |

## Pre tax profit | 141.1m | 149.1m | 149.1m | 147.5m | 159.9m | 149.5m | 152.4m | 317.3m | 178.3m | 189.8m | 190.5m | 193.5m | 190.8m |

## Income tax expense | 33.6m | 35.9m | 34.7m | 31.1m | 36.8m | 34.6m | 18.2m | 54.7m | 40.6m | 27.3m | 43.0m | 39.6m | (143.3m) |

## Net Income | 107.5m | 113.2m | 114.4m | 116.4m | 123.1m | 114.9m | 134.3m | 262.6m | 137.7m | 162.5m | 147.5m | 153.9m | 334.1m |

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 231.9m | 465.9m | 357.4m | 508.2m |

## Accounts Receivable | 13.1m | |||

## Prepaid Expenses | 60.5m | |||

## Current Assets | 1.8b | 2.4b | 1.3b | 1.3b |

## PP&E | 266.1m | 263.5m | 253.9m | 250.3m |

## Goodwill | 52.5m | 52.5m | 52.5m | 52.5m |

## Total Assets | 2.3b | 2.9b | 1.9b | 1.9b |

## Accounts Payable | 203.9m | 219.6m | 215.2m | 210.0m |

## Short-term debt | 627.6m | |||

## Current Liabilities | 1.5b | 1.6b | 947.6m | 965.2m |

## Long-term debt | 1.8b | |||

## Non-Current Liabilities | 2.0b | 2.6b | 2.4b | 2.4b |

## Total Debt | 2.4b | |||

## Total Liabilities | 3.5b | 4.2b | 3.3b | 3.3b |

## Common Stock | 324.0k | 325.0k | 352.0k | 353.0k |

## Preferred Stock | ||||

## Additional Paid-in Capital | 17.0b | 16.4b | 15.7b | 15.0b |

## Retained Earnings | (18.2b) | (17.7b) | (17.1b) | (16.5b) |

## Total Equity | (1.2b) | (1.3b) | (1.4b) | (1.5b) |

## Debt to Equity Ratio | -1.9 x | |||

## Debt to Assets Ratio | 0.8 x | |||

## Financial Leverage | -1.9 x | -2.3 x | -1.4 x | -1.2 x |

- Source: SEC Filings

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 234.0m | 171.0m | 177.8m | 454.6m | 242.4m | 286.8m | 1.7b | 256.4m | 231.6m | 779.6m | 751.6m | 109.3m | 498.7m |

## Accounts Receivable | 16.2m | 15.1m | 15.8m | ||||||||||

## Prepaid Expenses | 70.4m | 68.1m | |||||||||||

## Current Assets | 1.9b | 1.9b | 1.8b | 1.8b | 1.8b | 2.4b | 2.4b | 1.2b | 1.2b | 1.3b | 1.3b | 1.3b | 1.2b |

## PP&E | 286.2m | 277.9m | 270.2m | 262.4m | 261.9m | 265.3m | 257.5m | 256.1m | 256.3m | 252.2m | 250.8m | 250.2m | 247.8m |

## Goodwill | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m | 52.5m |

## Total Assets | 2.3b | 2.3b | 2.3b | 2.3b | 2.3b | 2.9b | 2.9b | 1.9b | 1.9b | 1.9b | 1.9b | 1.9b | 1.8b |

## Accounts Payable | 148.7m | 144.4m | 162.0m | 155.0m | 178.3m | 193.5m | 181.6m | 183.5m | 176.1m | 184.0m | 171.2m | 200.4m | 180.0m |

## Current Liabilities | 1.5b | 1.5b | 1.5b | 1.5b | 1.5b | 1.5b | 1.5b | 921.2m | 913.6m | 941.3m | 934.7m | 960.9m | 955.7m |

## Non-Current Liabilities | 1.9b | 2.0b | 2.0b | 2.0b | 2.0b | 2.6b | 2.6b | 2.4b | 2.4b | 2.4b | 2.4b | 2.4b | 2.2b |

## Total Liabilities | 3.4b | 3.4b | 3.5b | 3.5b | 3.5b | 4.1b | 4.1b | 3.3b | 3.3b | 3.3b | 3.3b | 3.3b | 3.2b |

## Common Stock | 353.0k | 353.0k | |||||||||||

## Preferred Stock | |||||||||||||

## Additional Paid-in Capital | 17.4b | 17.3b | 17.1b | 16.8b | 16.7b | 16.6b | 16.3b | 16.0b | 15.9b | 15.5b | 15.4b | 15.2b | 14.7b |

## Retained Earnings | (18.5b) | (18.4b) | (18.3b) | (18.0b) | (17.9b) | (17.8b) | (17.5b) | (17.4b) | (17.3b) | (16.9b) | (16.8b) | (16.6b) | (16.1b) |

## Total Equity | (1.1b) | (1.1b) | (1.2b) | (1.2b) | (1.2b) | (1.2b) | (1.2b) | (1.4b) | (1.4b) | (1.4b) | (1.4b) | (1.5b) | (1.4b) |

## Financial Leverage | -2.1 x | -2.1 x | -2 x | -1.9 x | -1.9 x | -2.4 x | -2.4 x | -1.4 x | -1.3 x | -1.4 x | -1.3 x | -1.3 x | -1.2 x |

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 440.6m | 457.2m | 582.5m | 612.3m |

## Depreciation and Amortization | 49.9m | 48.4m | 46.3m | |

## Accounts Receivable | (871.0k) | |||

## Inventories | ||||

## Accounts Payable | 15.5m | (2.1m) | (24.0k) | |

## Cash From Operating Activities | 667.9m | 702.8m | 697.8m | 753.9m |

## Purchases of PP&E | (26.6m) | (49.5m) | (37.0m) | (40.3m) |

## Cash From Investing Activities | (40.4m) | (405.1m) | 1.1b | 167.2m |

## Cash From Financing Activities | (623.8m) | (65.1m) | (1.9b) | (770.3m) |

## Net Change in Cash | 233.9m | 150.8m | ||

## Interest Paid | 115.5m | 117.2k | 118.0m | 87.7m |

## Income Taxes Paid | 28.3m | 90.0m |

- Source: SEC Filings

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 107.5m | 113.2m | 114.4m | 116.4m | 239.5m | 354.4m | 134.3m | 262.6m | 400.3m | 162.5m | 310.1m | 464.0m | 334.1m |

## Depreciation and Amortization | 25.2m | 37.7m | 12.1m | 24.2m | 36.5m | 11.6m | 22.9m | 34.3m | 11.2m | ||||

## Accounts Receivable | 16.2m | 15.1m | 15.8m | ||||||||||

## Accounts Payable | (30.6m) | (9.5m) | (36.3m) | (20.9m) | (29.5m) | (31.6m) | (39.4m) | (7.1m) | (27.4m) | ||||

## Cash From Operating Activities | 328.9m | 503.6m | 90.0m | 291.8m | 479.3m | 187.3m | 352.2m | 560.3m | 180.1m | ||||

## Purchases of PP&E | (19.0m) | (40.6m) | (7.7m) | (18.7m) | (29.6m) | (9.1m) | (20.2m) | (31.5m) | (11.0m) | ||||

## Cash From Investing Activities | (1.7m) | (531.6m) | 1.3b | 1.0b | 984.4m | 430.7m | 418.1m | (237.8m) | 79.1m | ||||

## Cash From Financing Activities | (317.8m) | 81.8m | (144.9m) | (1.5b) | (1.7b) | (196.0m) | (376.3m) | (570.3m) | (267.3m) | ||||

## Net Change in Cash | 394.2m | (248.1m) | (9.5m) | ||||||||||

## Interest Paid | 58.8m | 86.6m | 43.3m | 74.0m | 87.2m | 13.1m | 43.7m | 57.1m | 13.2m | ||||

## Income Taxes Paid | 62.2m | 75.2m | 15.9m |

- Source: SEC Filings

USD | Y, 2020 |
---|---|

## Financial Leverage | -1.2 x |

VeriSign's Daily Transactions was reported to be 143 b in FY, 2016.

FY, 2014 | FY, 2015 | FY, 2016 | |
---|---|---|---|

## Daily Transactions | 110 b | 120 b | 143 b |

- Source: SEC Filings