Verisk Analytics Inc
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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, 2025 · Filed May 7, 2025
VRSK$204.02+1.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in millions) | ||
| Cash flows from operating activities: | ||
| Net income | $232.3 | $219.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of fixed assets | 67.4 | 57.4 |
| Amortization of intangible assets | 15.8 | 18.5 |
| Amortization of debt issuance costs and original issue discount, net of original issue premium | 0.6 | 0.4 |
| Provision for doubtful accounts | 5.3 | 3.4 |
| Impairment of cost-based investments | — | 1.0 |
| Stock-based compensation expense | 15.6 | 13.2 |
| Deferred income taxes | (9.7) | (8.3) |
| Changes in assets and liabilities, net of effects from acquisitions: | ||
| Accounts receivable | (133.6) | (155.9) |
| Prepaid expenses and other assets | 11.1 | 0.3 |
| Operating lease right-of-use assets, net | 5.6 | 6.6 |
| Income taxes | 141.1 | 58.0 |
| Accounts payable and accrued liabilities | (44.5) | (99.4) |
| Deferred revenues | 136.7 | 260.8 |
| Operating lease liabilities | (3.7) | (7.3) |
| Other liabilities | 4.7 | 4.1 |
| Net cash provided by operating activities | 444.7 | 372.2 |
| Cash flows from investing activities: | ||
| Acquisitions and purchase of additional controlling interest, net of cash acquired of $0.0, and $1.8, respectively | (4.1) | (25.9) |
| Investments in non-public companies | — | (1.3) |
| Capital expenditures | (53.7) | (55.2) |
| Escrow release associated with acquisitions | — | 2.5 |
| Net cash used in investing activities | (57.8) | (79.9) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long term debt, net of original discount | 698.3 | — |
| Payment of debt issuance costs | (6.2) | |
| Repurchases of common stock | (170.1) | (170.0) |
| Share repurchases not yet settled | (30.0) | (30.0) |
| Proceeds from stock options exercised | 24.7 | 28.2 |
| Net share settlement of taxes from restricted stock and performance share awards | (17.9) | (12.1) |
| Dividends paid | (63.0) | (55.8) |
| Other financing activities, net | (2.5) | (2.8) |
| Net cash provided by (used in) financing activities | 433.3 | (242.5) |
| Effect of exchange rate changes | 0.7 | (0.1) |
| Net increase in cash and cash equivalents | 820.9 | 49.7 |
| Cash and cash equivalents, beginning of period | 291.2 | 302.7 |
| Cash and cash equivalents, end of period | $1,112.1 | $352.4 |
| Supplemental disclosures: | ||
| Income taxes (received) paid | $(67.4) | $6.1 |
| Interest paid | $10.4 | $9.1 |
| Noncash investing and financing activities: | ||
| Deferred tax liability established on date of acquisition | $— | $1.4 |
| Finance lease additions | $1.2 | $12.4 |
| Operating lease additions, net | $0.6 | $2.7 |
| Fixed assets included in accounts payable and accrued liabilities | $0.1 | $0.2 |
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