Verisk Analytics Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
VRSK$200.60-2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| (in millions, except per share amounts and number of shares) | |||
| Revenues | $2,681.4 | $2,497.0 | $2,462.5 |
| Operating expenses: | |||
| Cost of revenues (exclusive of items shown separately below) | 876.5 | 824.6 | 853.7 |
| Selling, general and administrative | 391.8 | 381.5 | 313.2 |
| Depreciation and amortization of fixed assets | 206.8 | 164.2 | 170.3 |
| Amortization of intangible assets | 74.6 | 74.4 | 79.9 |
| Other operating (income) loss | - | (354.2) | 134.0 |
| Total operating expenses | 1,549.7 | 1,090.5 | 1,551.1 |
| Operating income | 1,131.7 | 1,406.5 | 911.4 |
| Other income (expense): | |||
| Investment income (loss) and others, net | 11.0 | (5.3) | 2.1 |
| Interest expense, net | (115.5) | (138.8) | (127.0) |
| Total other expense, net | (104.5) | (144.1) | (124.9) |
| Income from continuing operations before income taxes | 1,027.2 | 1,262.4 | 786.5 |
| Provision for income taxes | (258.8) | (220.3) | (179.4) |
| Income from continuing operations | 768.4 | 1,042.1 | 607.1 |
| (Loss) income from discontinued operations, net of tax (expense) benefit of $(12.6), $131.5 and $(29.7), respectively (Note 11) | (154.0) | (87.8) | 59.2 |
| Net income | 614.4 | 954.3 | 666.3 |
| Less: Net loss (income) attributable to noncontrolling interests | 0.2 | (0.4) | (0.1) |
| Net income attributable to Verisk | $614.6 | $953.9 | $666.2 |
| Basic net income per share attributable to Verisk: | |||
| Income from continuing operations | $5.24 | $6.60 | $3.75 |
| Loss from discontinued operations | (1.05) | (0.56) | 0.37 |
| Basic net income per share attributable to Verisk: | $4.19 | $6.04 | $4.12 |
| Diluted net income per share attributable to Verisk: | |||
| Income from continuing operations | $5.22 | $6.55 | $3.72 |
| Loss from discontinued operations | (1.05) | (0.55) | 0.36 |
| Diluted net income per share attributable to Verisk: | $4.17 | $6.00 | $4.08 |
| Weighted average shares outstanding: | |||
| Basic | 146,623,989 | 157,905,718 | 161,841,441 |
| Diluted | 147,336,159 | 158,928,942 | 163,338,909 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.