Verisk Analytics, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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.
Sep 30, 2026 · Filed Nov 5, 2026
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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in millions) | ||||
| Cash flows from operating activities: | ||||
| Net income | $219.2 | $225.5 | $682.0 | $711.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization of fixed assets | 69.5 | 64.0 | 205.7 | 197.4 |
| Amortization of intangible assets | 14.4 | 18.3 | 43.1 | 50.4 |
| Amortization of debt issuance costs and original issue discount, net of original issue premium | 1.1 | 0.9 | 3.0 | 2.3 |
| Provision for credit losses | 7.2 | 2.5 | 15.2 | 13.9 |
| Stock-based compensation expense | 14.5 | 12.1 | 47.6 | 41.8 |
| Loss on cost-based investments | 16.7 | — | 16.7 | — |
| Loss on equity-method investments, net | 0.2 | — | 6.7 | — |
| Deferred income taxes | 3.4 | 29.9 | 13.1 | 10.6 |
| Acquisition-related liability adjustment | — | — | 0.8 | (1.6) |
| Other operating | (0.2) | 2.9 | (0.1) | (8.3) |
| Changes in assets and liabilities, net of effects from acquisitions: | ||||
| Accounts receivable | (12.4) | 173.1 | 0.4 | (6.6) |
| Prepaid expenses and other assets | (3.7) | (8.4) | (15.4) | (5.3) |
| Operating lease right-of-use assets, net | 5.9 | 6.6 | 13.5 | 18.0 |
| Income taxes | (2.9) | (5.0) | (7.0) | 55.5 |
| Accounts payable and accrued liabilities | (1.5) | 54.5 | (59.0) | (14.6) |
| Deferred revenues | (57.5) | (165.3) | 73.2 | 52.8 |
| Operating lease liabilities | (6.6) | (8.3) | (21.6) | (20.4) |
| Other liabilities | (0.1) | 0.2 | 5.7 | (4.3) |
| Net cash provided by operating activities | 267.2 | 403.5 | 1,023.6 | 1,092.7 |
| Cash flows from investing activities: | ||||
| Acquisitions and purchase of additional controlling interest, net of cash acquired of $3.0, $4.6, $3.0, and $4.9, respectively | (25.6) | (160.4) | (25.6) | (184.8) |
| Proceeds (investments) in non-public companies, net | 0.6 | (4.0) | (0.3) | (8.5) |
| Capital expenditures | (67.2) | (67.4) | (199.3) | (176.9) |
| Escrow (funding) release associated with acquisitions | — | (2.7) | 0.5 | (2.7) |
| Net cash used in investing activities | (92.2) | (234.5) | (224.7) | (372.9) |
| Cash flows from financing activities: | ||||
| Proceeds from issuance of long-term debt, net of original discount | — | — | 999.0 | 698.3 |
| Proceeds from issuance of short-term debt | — | 1,497.9 | — | 1,497.9 |
| Proceeds from Syndicated Revolving Credit Facility | — | — | 750.0 | — |
| Repayment of Syndicated Revolving Credit Facility | — | — | (750.0) | — |
| Proceeds from Term Loan Facility | — | — | 500.0 | — |
| Repayment of Term Loan Facility | — | — | (250.0) | — |
| Repayment of short-term debt, inclusive of special mandatory redemption fee | — | — | (1,515.0) | (500.0) |
| Payment of debt issuance costs | — | (19.2) | (9.2) | (25.4) |
| Repurchases of common stock | (100.1) | (100.1) | (1,927.1) | (400.2) |
| Payment of excise tax | — | — | (5.0) | (7.6) |
| Proceeds from stock options exercised | 10.9 | 3.7 | 27.1 | 51.3 |
| Net share settlement of taxes from RSAs and PSUs | (1.0) | (0.5) | (15.9) | (26.0) |
| Dividends paid | (64.1) | (62.6) | (195.0) | (188.6) |
| Other financing activities, net | (14.9) | (13.9) | (25.0) | (20.1) |
| Net cash (used in) provided by financing activities | (169.2) | 1,305.3 | (2,416.1) | 1,079.6 |
| Effect of exchange rate changes | (0.4) | 4.9 | (4.2) | 17.3 |
| Net increase (decrease) in cash and cash equivalents | 5.4 | 1,479.2 | (1,621.4) | 1,816.7 |
| Cash and cash equivalents, beginning of period | 551.4 | 628.7 | 2,178.2 | 291.2 |
| Cash and cash equivalents, end of period | $556.8 | $2,107.9 | $556.8 | $2,107.9 |
| Supplemental disclosures: | ||||
| Income taxes paid | $70.9 | $51.7 | $214.5 | $149.0 |
| Interest paid | $75.2 | $24.9 | $187.4 | $84.8 |
| Noncash investing and financing activities: | ||||
| Finance lease additions | $35.6 | $2.2 | $40.3 | $4.0 |
| Operating lease additions (terminations), net | $1.0 | $2.2 | $(1.9) | $3.8 |
| Deferred tax liability established on date of acquisition | $2.4 | $— | $2.4 | $2.5 |
| Fixed assets included in accounts payable and accrued liabilities | $— | $0.1 | $— | $0.2 |
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