Verisk Analytics Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
VRSK$204.02+1.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| (in millions) | |||
| Cash flows from operating activities: | |||
| Net income | $957.5 | $614.4 | $954.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization of fixed assets | 233.6 | 206.8 | 197.1 |
| Amortization of intangible assets | 72.3 | 74.6 | 142.9 |
| Amortization of debt issuance costs and original issue discount, net of original issue premium | 2.6 | 1.5 | 1.1 |
| Provision for doubtful accounts | 13.3 | 8.7 | 7.0 |
| Net gain on early extinguishment of debt | (3.6) | — | — |
| Loss (gain) on sale of assets, net | 12.1 | 131.1 | (393.9) |
| Impairment of cost-based investments | 1.7 | 6.5 | — |
| Stock-based compensation expense | 47.9 | 54.0 | 56.5 |
| Net gain upon settlement of investment in non-public companies | (100.6) | — | — |
| Impairment of long-lived assets | 7.6 | — | 377.4 |
| Deferred income taxes | (20.7) | 52.7 | (261.0) |
| Loss on disposal of fixed assets, net | 6.5 | 3.8 | 1.1 |
| Gain on lease modification | (1.9) | — | — |
| Acquisition related liability adjustment | (1.1) | (20.0) | — |
| Changes in assets and liabilities, net of effects from acquisitions: | |||
| Accounts receivable | (116.6) | (83.0) | (57.7) |
| Prepaid expenses and other assets | 19.4 | (56.9) | (8.4) |
| Operating lease right-of-use assets, net | 28.8 | 26.8 | 46.6 |
| Income taxes | 1.6 | (55.8) | 25.6 |
| Accounts payable and accrued liabilities | (60.8) | 46.5 | (21.2) |
| Deferred revenues | 73.1 | 81.2 | 64.5 |
| Operating lease liabilities | (35.0) | (27.1) | (43.9) |
| Other liabilities | 6.3 | (5.1) | (29.0) |
| Net cash provided by operating activities | 1,144.0 | 1,060.7 | 1,059.0 |
| Cash flows from investing activities: | |||
| Acquisitions and purchases of controlling interests, net of cash acquired of $1.8, $8.0, and $17.4, respectively | (23.4) | (83.3) | (448.9) |
| Proceeds from sale of businesses | 6.4 | 3,066.4 | 1,073.3 |
| Investments in nonpublic companies | (1.0) | (2.2) | (46.0) |
| Proceeds received upon settlement of investment in non-public companies | 113.3 | — | — |
| Escrow funding associated with acquisitions | 3.8 | (3.8) | (2.3) |
| Capital expenditures | (223.9) | (230.0) | (274.7) |
| Other investing activities, net | — | (0.6) | — |
| Net cash (used in) provided by investing activities | (124.8) | 2,746.5 | 301.4 |
VERISK ANALYTICS, INC.
| 2024 · 2023 · 2022 | ||||
|---|---|---|---|---|
| (in millions) | ||||
| Cash flows from financing activities: | ||||
| (Repayment of) proceeds from short-term debt, net | — | (1,265.0) | 380.0 | |
| Repayments of current portion of long-term debt | — | — | (350.0) | |
| Proceeds from issuance of long-term debt, inclusive of original issue premium and net of original issue discount | 590.2 | 495.2 | — | |
| Proceeds from issuance of short-term debt with original maturities less than three months | — | — | 400.0 | |
| Repayment of short-term debt with original maturities greater than three months | — | (125.0) | — | |
| Payment of debt issuance costs | (5.3) | (6.0) | — | |
| Payment on early extinguishment of debt | (396.4) | — | — | |
| Repurchases of common stock | (1,005.0) | (2,762.3) | (1,662.5) | |
| Treasury stock repurchased not yet settled | (45.0) | (37.5) | — | |
| Payment of excise tax | (25.2) | - | — | |
| Net share settlement of taxes from restricted stock and performance share awards | (14.9) | (15.3) | (20.7) | |
| Proceeds from stock options exercised | 124.8 | 141.9 | 132.5 | |
| Payment of contingent liability related to acquisition | (8.5) | — | — | |
| Dividends paid | (221.3) | (196.8) | (195.2) | |
| Other financing activities, net | (21.9) | (15.7) | (14.3) | |
| Net cash used in financing activities | (1,028.5) | (3,786.5) | (1,330.2) | |
| Effect of exchange rate changes | (2.2) | (10.7) | (17.8) | |
| (Decrease) increase in cash and cash equivalents | (11.5) | 10.0 | 12.4 | |
| Cash and cash equivalents, beginning of period | 302.7 | 292.7 | 280.3 | |
| Cash and cash equivalents, end of period | $291.2 | $302.7 | $292.7 | |
| Supplemental disclosures: | ||||
| Income taxes paid | $287.7 | $276.0 | $324.5 | |
| Interest paid | $131.6 | $111.2 | $134.3 | |
| Noncash investing and financing activities: | ||||
| Deferred tax liability established on date of acquisitions | $1.4 | $8.7 | $14.0 | |
| Net assets sold as part of the dispositions, net of cash sold | $17.3 | $3,211.8 | $ | - |
| Finance lease additions, net of disposals | $28.8 | $45.6 | $5.2 | |
| Operating lease (terminations) additions | $(4.4) | $34.3 | $21.7 | |
| Fixed assets included in accounts payable and accrued liabilities | $0.2 | $2.2 | $0.2 | |
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