VERISIGN INCCA
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
VRSN$311.12+1.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $785.7 | $817.6 | $673.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property and equipment | 36.9 | 44.1 | 46.9 |
| Stock-based compensation expense | 61.1 | 59.7 | 58.6 |
| Amortization of discount on investments in debt securities | (21.1) | (27.8) | (7.7) |
| Other, net | 3.6 | 3.3 | 3.8 |
| Changes in operating assets and liabilities: | |||
| Other assets | (12.4) | (1.5) | 9.5 |
| Other liabilities | (28.9) | (2.2) | (13.3) |
| Deferred revenues | 58.1 | 27.0 | 65.7 |
| Net deferred income taxes | 19.6 | (66.4) | (6.2) |
| Net cash provided by operating activities | 902.6 | 853.8 | 831.1 |
| Cash flows from investing activities: | |||
| Proceeds from maturities and sales of marketable securities | 1,195.1 | 1,278.9 | 1,721.5 |
| Purchases of marketable securities | (880.7) | (1,330.5) | (1,338.4) |
| Purchases of property and equipment | (28.1) | (45.8) | (27.4) |
| Net cash provided by (used in) investing activities | 286.3 | (97.4) | 355.7 |
| Cash flows from financing activities: | |||
| Repurchases of common stock | (1,225.6) | (901.4) | (1,048.1) |
| Proceeds from employee stock purchase plan | 12.3 | 12.3 | 12.3 |
| Payment of excise tax on repurchases of common stock | (8.2) | — | — |
| Other financing activities | — | (0.7) | — |
| Net cash used in financing activities | (1,221.5) | (889.8) | (1,035.8) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (0.8) | (0.1) | (0.8) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (33.4) | (133.5) | 150.2 |
| Cash, cash equivalents, and restricted cash at beginning of period | 245.5 | 379.0 | 228.8 |
| Cash, cash equivalents, and restricted cash at end of period | $212.1 | $245.5 | $379.0 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | $72.8 | $72.8 | $72.8 |
| Cash paid for income taxes, net of refunds received | $230.5 | $239.7 | $211.7 |
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