Verisk Analytics, Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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.
FY2025 · Filed Feb 18, 2026
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
Item 8. Consolidated Statements of Cash Flows
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| (in millions) | |||
| Cash flows from operating activities: | |||
| Net income | $908.3 | $957.5 | $614.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization of fixed assets | 259.2 | 233.6 | 206.8 |
| Amortization of intangible assets | 67.5 | 72.3 | 74.6 |
| Amortization of debt issuance costs and original issue discount, net of original issue premium | 23.1 | 2.6 | 1.5 |
| Provision for doubtful accounts | 17.6 | 13.3 | 8.7 |
| Net loss (gain) on early extinguishment of debt | 15.0 | (3.6) | — |
| Loss on sale of assets, net | 18.4 | 12.1 | 131.1 |
| Impairment of cost-based investments | — | 1.7 | 6.5 |
| Stock-based compensation expense | 54.2 | 47.9 | 54.0 |
| Net gain upon settlement of investment in non-public companies | — | (100.6) | — |
| Impairment of long-lived assets | 2.2 | 7.6 | — |
| Deferred income taxes | 41.3 | (20.7) | 52.7 |
| Loss on disposal of fixed assets, net | — | 6.5 | 3.8 |
| Gain on lease modification | — | (1.9) | — |
| Acquisition related liability adjustment | 4.8 | (1.1) | (20.0) |
| Other operating | (11.7) | — | — |
| Changes in assets and liabilities, net of effects from acquisitions: | |||
| Accounts receivable | (1.3) | (116.6) | (83.0) |
| Prepaid expenses and other assets | (2.9) | 19.4 | (56.9) |
| Operating lease right-of-use assets, net | 23.9 | 28.8 | 26.8 |
| Income taxes | (1.4) | 1.6 | (55.8) |
| Accounts payable and accrued liabilities | 47.9 | (60.8) | 46.5 |
| Deferred revenues | (2.0) | 73.1 | 81.2 |
| Operating lease liabilities | (28.1) | (35.0) | (27.1) |
| Other liabilities | — | 6.3 | (5.1) |
| Net cash provided by operating activities | 1,436.0 | 1,144.0 | 1,060.7 |
| Cash flows from investing activities: | |||
| Acquisitions and purchases of controlling interests, net of cash acquired of $4.9, $1.8, and $8.0, respectively | (184.8) | (23.4) | (83.3) |
| Proceeds from sale of businesses | 80.0 | 6.4 | 3,066.4 |
| Investments in non-public companies, net | (6.5) | (1.0) | (2.2) |
| Proceeds received upon settlement of investment in non-public companies | — | 113.3 | — |
| Escrow (funding) release associated with acquisitions | (2.7) | 3.8 | (3.8) |
| Capital expenditures | (244.1) | (223.9) | (230.0) |
| Other investing activities, net | — | — | (0.6) |
| Net cash (used in) provided by investing activities | (358.1) | (124.8) | 2,746.5 |
VERISK ANALYTICS, INC.
| 2025 · 2024 · 2023 | ||||
|---|---|---|---|---|
| (in millions) | ||||
| Cash flows from financing activities: | ||||
| Proceeds from (repayment of) short-term debt | 1,497.9 | — | (1,265.0) | |
| Proceeds from issuance of long-term debt, inclusive of original issue premium and net of original issue discount | 698.3 | 590.2 | 495.2 | |
| Repayment of current portion of long-term debt | (500.0) | — | (125.0) | |
| Payment of debt issuance costs | (25.4) | (5.3) | (6.0) | |
| Payment on early extinguishment of debt | — | (396.4) | — | |
| Repurchases of common stock | (624.0) | (1,005.0) | (2,762.3) | |
| Treasury stock repurchased not yet settled | — | (45.0) | (37.5) | |
| Payment of excise tax | (7.6) | (25.2) | — | |
| Net share settlement of taxes from restricted stock and performance share awards | (26.7) | (14.9) | (15.3) | |
| Proceeds from stock options exercised | 56.9 | 124.8 | 141.9 | |
| Payment of contingent liability related to acquisition | — | (8.5) | — | |
| Dividends paid | (251.1) | (221.3) | (196.8) | |
| Other financing activities, net | (23.1) | (21.9) | (15.7) | |
| Net cash provided by (used in) financing activities | 795.2 | (1,028.5) | (3,786.5) | |
| Effect of exchange rate changes | 13.9 | (2.2) | (10.7) | |
| Increase (decrease) in cash and cash equivalents | 1,887.0 | (11.5) | 10.0 | |
| Cash and cash equivalents, beginning of period | 291.2 | 302.7 | 292.7 | |
| Cash and cash equivalents, end of period | $2,178.2 | $291.2 | $302.7 | |
| Supplemental disclosures: | ||||
| Income taxes paid | $218.0 | $287.7 | $276.0 | |
| Interest paid | $150.3 | $131.6 | $111.2 | |
| Noncash investing and financing activities: | ||||
| Deferred tax liability established on date of acquisitions | $2.5 | $1.4 | $8.7 | |
| Net assets sold as part of the dispositions, net of cash sold | $90.5 | $17.3 | $3,211.8 | |
| Finance lease additions, net of disposals | $5.3 | $28.8 | $45.6 | |
| Operating lease additions (terminations) | $6.2 | $(4.4) | $34.3 | |
| Fixed assets included in accounts payable and accrued liabilities | $ | - | $0.2 | $2.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.