Verisk Analytics Inc
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
VRSK$200.60-2.0%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in millions, except for share and per share data) | ||
| Revenues | $704.0 | $651.6 |
| Operating expenses: | ||
| Cost of revenues (exclusive of items shown separately below) | 227.8 | 216.2 |
| Selling, general and administrative | 92.9 | 79.0 |
| Depreciation and amortization of fixed assets | 57.4 | 44.6 |
| Amortization of intangible assets | 18.5 | 17.7 |
| Total operating expenses, net | 396.6 | 357.5 |
| Operating income | 307.4 | 294.1 |
| Other expense: | ||
| Investment loss | (3.3) | (1.1) |
| Interest expense, net | (28.9) | (26.4) |
| Total other expense, net | (32.2) | (27.5) |
| Income from continuing operations before income taxes | 275.2 | 266.6 |
| Provision for income taxes | (55.8) | (72.2) |
| Income from continuing operations | 219.4 | 194.4 |
| Loss from discontinued operations net of tax expense of $0.0 and $1.1, respectively (Note 7) | — | (138.0) |
| Net income | 219.4 | 56.4 |
| Less: Net loss (income) attributable to noncontrolling interests | 0.2 | (0.1) |
| Net income attributable to Verisk | $219.6 | $56.3 |
| Basic net income per share attributable to Verisk: | ||
| Income from continuing operations | $1.53 | $1.28 |
| Loss from discontinued operations | — | (0.91) |
| Basic net income per share attributable to Verisk: | $1.53 | $0.37 |
| Diluted net income per share attributable to Verisk: | ||
| Income from continuing operations | $1.52 | $1.27 |
| Loss from discontinued operations | — | (0.90) |
| Diluted net income per share attributable to Verisk: | $1.52 | $0.37 |
| Weighted-average shares outstanding: | ||
| Basic | 143,298,163 | 152,032,255 |
| Diluted | 143,973,534 | 152,709,319 |
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