VeriSign Files 8-K on Financial Condition, Operations

TL;DR

**VeriSign just dropped an 8-K with new financial info, so watch for potential stock movement.**

AI Summary

VeriSign, Inc. filed an 8-K on February 8, 2024, to report an event related to its results of operations and financial condition, as well as to furnish financial statements and exhibits. This filing indicates that the company is providing updated financial information, which is crucial for investors to assess the company's recent performance and make informed decisions about buying or holding VRSN stock.

Why It Matters

This filing signals that VeriSign is releasing new financial data, which can directly impact investor sentiment and the stock price as it provides a fresh look at the company's health.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate adverse events or significant changes in company strategy.

Analyst Insight

A smart investor would look for the specific financial statements and results of operations that this 8-K refers to, likely filed concurrently or shortly after, to understand the detailed financial performance and its implications for VeriSign's valuation.

Key Players & Entities

• VERISIGN INC/CA (company) — the registrant filing the 8-K
• February 8, 2024 (date) — the date of the earliest event reported in the 8-K
• 000-23593 (number) — VeriSign's Commission File Number
• 94-3221585 (number) — VeriSign's IRS Employer Identification No.
• VRSN (company) — VeriSign's trading symbol on Nasdaq Global Select Market

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 Par Value Per Share VRSN Nasdaq Global
• $467.0 million — (excluding intercompany liabilities) of $467.0 million (14.0% of the Company's consolidated to
• $395.4 million — nsolidated total liabilities), of which $395.4 million were deferred revenues, (2) assets (exc
• $800.1 million — sets (excluding intercompany assets) of $800.1 million (45.8% of the Company's consolidated to
• $549.8 million — 's consolidated total assets), of which $549.8 million were cash, cash equivalents and marketa
• $250.3 million — securities, and intercompany assets) of $250.3 million (30.4% of the Company's consolidated to
• $372.4 million — ies collectively had Adjusted EBITDA of $372.4 million (31.9% of the Company's consolidated Ad

Filing Documents

• vrsn-20240208.htm (8-K) — 43KB
• q42023earningsrelease.htm (EX-99.1) — 140KB
• logovrsna01a08a.jpg (GRAPHIC) — 2KB
• 0001014473-24-000002.txt ( ) — 324KB
• vrsn-20240208.xsd (EX-101.SCH) — 2KB
• vrsn-20240208_lab.xml (EX-101.LAB) — 24KB
• vrsn-20240208_pre.xml (EX-101.PRE) — 12KB
• vrsn-20240208_htm.xml (XML) — 3KB

02

Item 2.02. Results of Operations and Financial Condition. On February 8, 2024, VeriSign, Inc. (the "Company") announced its financial results for the fiscal quarter and year ended December 31, 2023. A copy of this press release is attached hereto as Exhibit 99.1. The Company is required to disclose annually the following non-guarantor subsidiary financial information pursuant to section 4.2(d) of the indentures governing the Company's senior notes due 2025 and 2027: As of December 31, 2023, the Company's non-guarantor subsidiaries collectively had (1) liabilities (excluding intercompany liabilities) of $467.0 million (14.0% of the Company's consolidated total liabilities), of which $395.4 million were deferred revenues, (2) assets (excluding intercompany assets) of $800.1 million (45.8% of the Company's consolidated total assets), of which $549.8 million were cash, cash equivalents and marketable securities and (3) assets (excluding cash, cash equivalents and marketable securities, and intercompany assets) of $250.3 million (30.4% of the Company's consolidated total assets, excluding cash, cash equivalents and marketable securities). For the twelve months ended December 31, 2023, the Company's non-guarantor subsidiaries collectively had Adjusted EBITDA of $372.4 million (31.9% of the Company's consolidated Adjusted EBITDA), which includes intercompany transactions with the Company. Such intercompany transactions represent the majority of the Company's non-guarantor subsidiaries' aggregate expenses. Intercompany transactions and allocations of revenues and costs between the parent and the non-guarantor subsidiaries can vary significantly. Therefore, the Company believes that period-to-period comparisons of Adjusted EBITDA of the Company's non-guarantor subsidiaries may not necessarily be meaningful. Adjusted EBITDA is a non-GAAP financial measure and is calculated in accordance with the terms of the indentures governing the Company's senior notes. Adjusted EBI

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Text of press release of VeriSign, Inc. issued on February 8 , 202 4 . 104 Inline XBRL for the cover page of this Current Report on Form 8-K

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VERISIGN, INC. Date: February 8, 2024 By: /s/ Thomas C. Indelicarto Thomas C. Indelicarto Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR