Verisk Analytics Inc
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Jul 31, 2024
VRSK$204.02+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in millions, except for share and per share data) | ||||
| Revenues | $716.8 | $675.0 | $1,420.8 | $1,326.6 |
| Operating expenses: | ||||
| Cost of revenues (exclusive of items shown separately below) | 219.4 | 216.9 | 447.2 | 433.1 |
| Selling, general and administrative | 101.5 | 86.8 | 194.4 | 165.8 |
| Depreciation and amortization of fixed assets | 59.0 | 46.5 | 116.4 | 91.1 |
| Amortization of intangible assets | 18.2 | 18.8 | 36.7 | 36.5 |
| Total operating expenses, net | 398.1 | 369.0 | 794.7 | 726.5 |
| Operating income | 318.7 | 306.0 | 626.1 | 600.1 |
| Other income (expense): | ||||
| Net gain on early extinguishment of debt | 3.6 | — | 3.6 | — |
| Investment gain (loss) | 99.8 | (6.2) | 96.5 | (7.3) |
| Interest expense, net | (29.1) | (31.6) | (58.0) | (58.0) |
| Total other income (expense), net | 74.3 | (37.8) | 42.1 | (65.3) |
| Income from continuing operations before income taxes | 393.0 | 268.2 | 668.2 | 534.8 |
| Provision for income taxes | (85.2) | (63.9) | (141.0) | (136.1) |
| Income from continuing operations | 307.8 | 204.3 | 527.2 | 398.7 |
| Loss from discontinued operations net of tax benefit (expense) of $0.0, $0.9, $0.0, and $(0.2), respectively (Note 7) | — | (7.5) | — | (145.5) |
| Net income | 307.8 | 196.8 | 527.2 | 253.2 |
| Less: Net loss attributable to noncontrolling interests | 0.3 | 0.1 | 0.5 | — |
| Net income attributable to Verisk | $308.1 | $196.9 | $527.7 | $253.2 |
| Basic net income per share attributable to Verisk: | ||||
| Income from continuing operations | $2.16 | $1.41 | $3.69 | $2.69 |
| Loss from discontinued operations | — | (0.05) | — | (0.98) |
| Basic net income per share attributable to Verisk: | $2.16 | $1.36 | $3.69 | $1.71 |
| Diluted net income per share attributable to Verisk: | ||||
| Income from continuing operations | $2.15 | $1.41 | $3.67 | $2.67 |
| Loss from discontinued operations | — | (0.06) | — | (0.97) |
| Diluted net income per share attributable to Verisk: | $2.15 | $1.35 | $3.67 | $1.70 |
| Weighted-average shares outstanding: | ||||
| Basic | 142,705,508 | 144,834,494 | 143,001,836 | 148,433,375 |
| Diluted | 143,293,222 | 145,500,121 | 143,633,378 | 149,104,720 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.