XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 88,238us-gaap_ProfitLoss $ 94,423us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment and amortization of other intangible assets 15,747us-gaap_DepreciationAndAmortization 16,008us-gaap_DepreciationAndAmortization
Stock-based compensation 10,128us-gaap_ShareBasedCompensation 9,993us-gaap_ShareBasedCompensation
Excess tax benefit associated with stock-based compensation (5,993)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Unrealized Gain (Loss) on Derivatives 7,019us-gaap_UnrealizedGainLossOnDerivatives (5,269)us-gaap_UnrealizedGainLossOnDerivatives
contingent interest payment for debenture (5,225)vrsn_Contingentinterestpaymentfordebenture 0vrsn_Contingentinterestpaymentfordebenture
Other, net 2,701us-gaap_OtherNoncashIncomeExpense 1,004us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities    
Accounts receivable (1,282)us-gaap_IncreaseDecreaseInAccountsReceivable (1,806)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other assets (3,084)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 7,925us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities (28,816)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (34,579)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenues 34,582us-gaap_IncreaseDecreaseInDeferredRevenue 30,384us-gaap_IncreaseDecreaseInDeferredRevenue
Deferred Income Taxes 18,654us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 23,546us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Net cash provided by operating activities 132,669us-gaap_NetCashProvidedByUsedInOperatingActivities 141,629us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Proceeds from maturities and sales of marketable securities 325,399us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 718,177us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments
Purchases of marketable securities (257,415)us-gaap_PaymentsToAcquireInvestments (784,090)us-gaap_PaymentsToAcquireInvestments
Purchases of property and equipment (13,042)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (11,262)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Other investing activities (3,787)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 34us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities 51,155us-gaap_NetCashProvidedByUsedInInvestingActivities (77,141)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from issuance of common stock from option exercises and employee stock purchase plans 8,776us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 8,668us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Repurchases of common stock (178,330)us-gaap_PaymentsForRepurchaseOfCommonStock (145,556)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from Issuance of Senior Long-term Debt 493,824us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Excess tax benefit associated with stock-based compensation 5,993us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash used in financing activities 330,263us-gaap_NetCashProvidedByUsedInFinancingActivities (136,888)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents 184us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 230us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents 514,271us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (72,170)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 191,608us-gaap_CashAndCashEquivalentsAtCarryingValue 339,223us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 705,879us-gaap_CashAndCashEquivalentsAtCarryingValue 267,053us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow disclosures:    
Cash paid for interest, net of capitalized interest 25,494us-gaap_InterestPaidNet 20,209us-gaap_InterestPaidNet
Cash paid for income taxes, net of refunds received $ 12,970us-gaap_IncomeTaxesPaidNet $ 7,651us-gaap_IncomeTaxesPaidNet