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• | Verisign ended the third quarter with cash, cash equivalents and marketable securities of $1.18 billion, a decrease of $1.24 billion from year-end 2017. |
• | Cash flow from operating activities was $187 million for the third quarter of 2018, compared with $175 million for the same quarter in 2017. |
• | Deferred revenues on Sept. 30, 2018, totaled $1.02 billion, an increase of $25 million from year-end 2017. |
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Sales and marketing expenses consist primarily of salaries, sales commissions, sales operations and other personnel-related expenses, travel and related expenses, trade shows, costs of lead generation, costs of computer and communications equipment and support services, facilities costs, consulting fees, costs of marketing programs, such as online, television, radio, print and direct mail advertising costs, and allocations of indirect costs such as corporate overhead.
Cash received from customers increased primarily due to higher domain name registrations and renewals, and the increases in the .net domain name registration fees in February 2018.
Research and development expenses consist primarily of costs related to research and development personnel, including salaries and other personnel-related expenses, consulting fees, facilities costs, computer and communications equipment, support services used in our service and technology development, and allocations of indirect costs such as corporate overhead.
Depreciation expenses decreased by $2.1 million as a result of lower average hardware purchases in recent years.
Cash received from interest income increased due to increases in interest rates on our investments in debt securities.
The changes in cash flows...Read more
Telecommunications expenses increased by $2.1...Read more
We had net cash inflows...Read more
The effective tax rate for...Read more
However, competitive pressure from ccTLDs,...Read more
The increase in cash paid...Read more
On February 8, 2018, our...Read more
Cost of revenues consist primarily...Read more
On May 1, 2018, we...Read more
Contractual interest and amortization of...Read more
Advertising and marketing expenses decreased...Read more
The number of domain names...Read more
Salary and employee benefits expenses...Read more
General and administrative expenses increased...Read more
Salary and employee benefits expenses...Read more
We expect quarterly interest expense...Read more
The annual fee for a...Read more
As of September 30, 2018,...Read more
General and administrative expenses increased...Read more
Revenue growth for each region...Read more
Revenue growth for each region...Read more
In the three and nine...Read more
Our Registry Services ensure the...Read more
Due to the diminished tax...Read more
We recorded revenues of $305.8...Read more
We are a global provider...Read more
During the second quarter of...Read more
We offer promotional marketing programs...Read more
Changes in revenues are driven...Read more
The following table compares the...Read more
The following table presents income...Read more
On October 24, 2018, we...Read more
Sales and marketing expenses decreased...Read more
As of September 30, 2018,...Read more
As of September 30, 2018,...Read more
Salary and employee benefits expenses...Read more
Additionally, the effective tax rate...Read more
Growth in the number of...Read more
New registrations and the renewal...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
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Verisign Incca provided additional information to their SEC Filing as exhibits
Ticker: VRSN
CIK: 1014473
Form Type: 10-Q Quarterly Report
Accession Number: 0001014473-18-000040
Submitted to the SEC: Thu Oct 25 2018 12:38:24 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Computer Programming Services