威瑞信 2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Shares Outstanding as of April 18, 202593.9million PART I—FINANCIAL INFORMATION VERISIGN, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except par value)(Unaudited) VERISIGN, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note1.Basis of Presentation Interim Financial Statements The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by VeriSign, Inc. (“Verisign” or the“Company”) in accordance with the instructions to Form10-Q pursuant to the rules and regulations of the Securities and ExchangeCommission (“SEC”) and, therefore, do not include all information and notes normally provided in audited financial statements. In the opinionof management, all adjustments (consisting of normal recurring accruals and other adjustments) considered necessary for a fair presentation Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-09,Income Taxes (Topic 740):Improvements to Income Tax Disclosures, which improves the transparency of income tax disclosures by requiring consistent categories andgreater disaggregation of information in the effective tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This guidance In November 2024, the FASB issued ASU No. 2024-03,Income Statement - Reporting Comprehensive Income - Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires additional disclosure of certain costs andexpenses within the notes to the financial statements. This guidance will be effective for our 2027 Form 10-K. We do not expect the adoption of Note 2.Financial Instruments Cash, Cash Equivalents, and Marketable Securities The following table summarizes the Company’s cash, cash equivalents, and marketable securities and the fair value categorization of thefinancial instruments measured at fair value on a recurring basis: Table of Contents Fair Value Measurements The fair value of the Company’s investments in money market funds approximates their face value. Such instruments are included in Cashand cash equivalents. The fair value of the debt securities consisting of U.S. Treasury bills is based on their quoted market prices. Debtsecurities purchased with original maturities in excess of three months are included in Marketable securities. The fair value of the Company’s As of March31, 2025, the Company’s other financial instruments include cash, accounts receivable, restricted cash, and accounts payablewhose carrying values approximated their face values. The aggregate fair value of the Company’s senior notes is $1.71billion and $1.69billionas of March 31, 2025 and December 31, 2024, respectively. The fair values of these debt instruments are based on available market information Note3.Selected Balance Sheet Items Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following: Taxes payable reflects amounts accrued for the income tax provision and payments made during the period. This balance fluctuates fromperiod to period due to the timing of income tax payments in the Company’s major tax jurisdictions. Customer deposits varies from period toperiod due to the timing of payments from certain large customers. Accrued employee compensation primarily consists of liabilities foremployee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. Accruedemployee incentive compensation as of December31, 2024 was paid during the three months ended March31, 2025. Interest payable varies at Note 4.Debt On March 11, 2025, the Company issued $500.0million of5.25% senior unsecured notes due June 1, 2032 (“2032 Notes”). The 2032Notes were issued at99.581% of par value. The Company will pay interest on the notes semi-annually on June 1 and December 1, commencingon June 1, 2025. The total discount and issuance costs of $6.7million are presented on the balance sheet as a reduction of the debt obligation On March 31, 2025, the Company used the net proceeds from the 2032 Notes and cash on hand to fund the repayment of all of its$500.0million agg