Accounts Payable and Accrued Liabilities for VeriSign (VRSN)

Send us Feedback

VeriSign (VRSN)

	SUMMARY

	BULLS

	BEARS

	TOPICS

	DATA CENTRAL

	STOCK CHART

	SEC FILINGS

	BALANCE

	INCOME

	CASH FLOW

VRSN » Topics » Accounts Payable and Accrued Liabilities

This excerpt taken from the VRSN 10-Q filed May 8, 2009.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	March 31, 2009		December 31, 2008
	(In thousands)
Accounts payable	$	11,252	$	30,690
Accrued employee compensation		63,279		109,958
Customer deposits, net		25,605		30,432
Taxes payable and other tax liabilities		25,402		18,173
Other accrued liabilities		69,820		74,282

Total accounts payable and accrued liabilities	$	195,358	$	263,535

This excerpt taken from the VRSN 10-K filed Mar 3, 2009.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	As of December 31,
	2008		2007
	(In thousands)
Accounts payable	$	30,689	$	34,038
Accrued employee compensation		109,958		136,891
Customer deposits, net		30,432		85,023
Taxes payable and other tax liabilities		18,173		27,942
Other accrued liabilities		74,283		114,230

Total accounts payable and accrued liabilities	$	263,535	$	398,124

Customer deposits, net, primarily consist of payables related to pass-through receivables as part of a revenue sharing agreement, net of advance payments, and cash received in advance from customers for future services. As of December 31, 2008 and 2007, the Company’s payables balance related to pass-through receivables balance, net of advance payments, was $38.1 million and $39.4 million, respectively. At December 31, 2008, the Company’s payables balance related to pass-through receivables balance, net of advance payments, of $35.9 million is classified as assets held for sale.

This excerpt taken from the VRSN 10-Q filed Nov 7, 2008.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	September 30, 2008		December 31, 2007
	(In thousands)
Accounts payable	$	12,062	$	9,075
Accrued employee compensation		100,645		136,891
Customer deposits		21,923		115,014
Taxes payable and other tax liabilities		51,383		25,847
Other accrued liabilities		78,819		111,297

Total accounts payable and accrued liabilities	$	264,832	$	398,124

Customer deposits, at December 31, 2007, primarily consist of payables related to pass-through receivables as part of a revenue sharing agreement. As of September 30, 2008, customer deposits relating to the pass-through receivables are included in assets held for sale.

This excerpt taken from the VRSN 10-Q filed Aug 8, 2008.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	June 30, 2008		December 31, 2007
	(In thousands)
Accounts payable	$	9,308	$	9,075
Accrued employee compensation		113,424		136,891
Customer deposits		89,526		115,014
Taxes payable and other tax liabilities		23,127		25,847
Other accrued liabilities		82,725		111,297

Total accounts payable and accrued liabilities	$	318,110	$	398,124

This excerpt taken from the VRSN 10-Q filed May 12, 2008.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	March 31, 2008		December 31, 2007
	(In thousands)
Accounts payable	$	12,243	$	9,075
Accrued employee compensation		88,262		127,330
Customer deposits		89,651		115,014
Taxes payable and other tax liabilities		27,595		25,847
Other accrued liabilities		97,108		111,296

Total accounts payable and accrued liabilities	$	314,859	$	388,562

This excerpt taken from the VRSN 10-K filed Feb 29, 2008.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	As of December 31,
	2007		2006
	(In thousands)
Accounts payable	$	9,075	$	33,903
Employee compensation		127,330		109,775
Customer deposits		115,014		73,845
Taxes payable and other tax liabilities		25,847		226,342
Other accrued liabilities		111,296		158,131
Securities litigation payable		—		80,000

Total accounts payable and accrued liabilities	$	388,562	$	681,996

At December 31, 2006, VeriSign recorded the $80.0 million payable to account for the settlement of the Securities Litigation and Derivative Litigation. Under terms of the settlement, liability insurers for the Company and its directors and officers paid $80.0 in settlement of the lawsuits. This liability was settled in 2007. Accounts payable and accrued liabilities as of December 31, 2006, include liabilities related to Jamba which was deconsolidated as a result of the Company’s divestiture of its majority ownership interest in January 2007.

This excerpt taken from the VRSN 10-Q filed Nov 5, 2007.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	September 30, 2007		December 31, 2006
	(In thousands)
Accounts payable	$	9,519	$	33,903
Employee compensation		97,405		109,775
Customer deposits		99,559		73,845
Taxes payable and other tax liabilities		31,720		226,342
Other accrued liabilities		79,007		158,131
Securities litigation payable (1)		—		80,000

Total accounts payable and accrued liabilities	$	317,210	$	681,996

(1)

VeriSign recorded an $80.0 million payable for the settlement of the In re: VeriSign, Inc. Securities Litigation and In re: VeriSign, Inc. Derivative Litigation. Under the terms of the settlement, liability insurers for the Company and its directors and officers paid $80.0 million in settlement of the lawsuits during the three months ended March 31, 2007.

This excerpt taken from the VRSN 8-K filed Nov 5, 2007.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	December 31,
	2006		2005
	(In thousands)
Accounts payable	$	33,903	$	68,097
Employee compensation		109,775		89,760
Customer deposits		73,845		27,822
Taxes payable and other tax liabilities		226,342		229,770
Other accrued liabilities		158,131		139,791
Securities litigation payable (1)		80,000		—

	$	681,996	$	555,240

(1)	VeriSign recorded the $80.0 million payable to account for the settlement of the Securities Litigation and Derivative Litigation. Under terms of the settlement, liability insurers for the Company and its directors and officers will pay $80.0 in settlement of the lawsuits.

This excerpt taken from the VRSN 10-Q filed Aug 9, 2007.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	June 30, 2007		December 31, 2006
	(In thousands)
Accounts payable	$	15,499	$	33,910
Employee compensation		77,904		109,775
Customer deposits		87,930		73,845
Taxes payable and other tax liabilities		46,313		225,727
Other accrued liabilities		92,341		151,848
Securities litigation payable (1)		—		80,000

Accounts payable and accrued liabilities	$	319,987	$	675,105

(1)

VeriSign recorded the $80.0 million payable to account for the settlement of the In re VeriSign, Inc. Securities Litigation and In re VeriSign, Inc. Derivative Litigation. Under the terms of the settlement, liability insurers for the Company and its directors and officers paid $80.0 million in settlement of the lawsuits during the three months ended March 31, 2007.

This excerpt taken from the VRSN 10-Q filed Jul 16, 2007.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	March 31, 2007		December 31, 2006
	March 31, 2007		December 31, 2006
	(In thousands)
Accounts payable	$	34,694	$	33,910
Employee compensation		60,121		109,775
Customer deposits		81,907		73,845
Taxes payable and other tax liabilities		30,220		225,727
Other accrued liabilities		94,769		151,848
Securities litigation payable (1)		—		80,000

	$	301,711	$	675,105

(1)

VeriSign recorded the $80.0 million payable to account for the settlement of the In re VeriSign, Inc. Securities Litigation and In re VeriSign, Inc. Derivative Litigation. Under terms of the settlement, liability insurers for the Company and its directors and officers will pay $80.0 million in settlement of the lawsuits. Under the terms of the settlement, liability insurers for the Company and its directors and officers paid $80.0 million in settlement of the lawsuits during the three months ended March 31, 2007.

This excerpt taken from the VRSN 10-Q filed Jul 12, 2007.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	September 30, 2006		December 31, 2005
			As Restated (1)
	(In thousands)
Accounts payable	$	29,061	$	68,293
Employee compensation		84,155		89,871
Customer deposits		72,185		27,822
Taxes payable and other tax liabilities		247,548		229,770
Other accrued liabilities		178,087		152,092
Securities litigation payable (2)		80,000		—

	$	691,036	$	567,848

(1)	See Note 2, “Restatement of Condensed Consolidated Financial Statements,” of the Notes to Condensed Consolidated Financial Statements.

(2)

A corresponding amount of $80.0 million is also included in other current assets in the accompanying Condensed Consolidated Balance Sheets, as of June 30, 2006. VeriSign recorded the $80.0 million payable to account for the settlement of the Securities Litigation and Derivative Litigation. Under terms of the settlement, the Company and its directors and officers will pay $80.0 in settlement of the lawsuits, and will be reimbursed by its insurers.

This excerpt taken from the VRSN 10-K filed Jul 12, 2007.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	December 31,
	2006		2005
			As Restated (1)
	(In thousands)
Accounts payable	$	34,085	$	68,293
Employee compensation		109,875		89,871
Customer deposits		73,845		27,822
Taxes payable and other tax liabilities		226,342		229,770
Other accrued liabilities		175,317		152,092
Securities litigation payable (2)		80,000		—

	$	699,464	$	567,848

(1)	See Note 2, “Restatement of Consolidated Financial Statements,” of the Notes to Consolidated Financial Statements.

(2)	VeriSign recorded the $80.0 million payable to account for the settlement of the Securities Litigation and Derivative Litigation. Under terms of the settlement, liability insurers for the Company and its directors and officers will pay $80.0 in settlement of the lawsuits.

This excerpt taken from the VRSN 10-Q filed Jul 12, 2007.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	June 30, 2006		December 31, 2005
			As Restated (1)
	(In thousands)
Accounts payable	$	43,388	$	68,293
Employee compensation		81,271		89,871
Customer deposits		78,314		27,822
Taxes payable and other tax liabilities		224,797		229,770
Other accrued liabilities		160,588		152,092
Securities litigation payable (2)		80,000		—

	$	668,358	$	567,848

(1)	See Note 2, “Restatement of Condensed Consolidated Financial Statements,” of the Notes to Condensed Consolidated Financial Statements.

(2)

This excerpt taken from the VRSN 10-K filed Mar 13, 2006.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	December 31,
	2005		2004
	(In thousands)
Accounts payable	$	68,293	$	57,233
Employee compensation		89,743		71,827
Customer deposits		27,822		28,078
Taxes payable		223,343		92,660
Other accrued liabilities		146,257		130,827

	$	555,458	$	380,625

"Accounts Payable and Accrued Liabilities" elsewhere:

CGI Group (GIB)
Open Text (OTEX)

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.

Mobile | Advertise | Licensing & Partnerships | Blogger Tools | Jobs

VeriSign (VRSN)

VRSN » Topics » Accounts Payable and Accrued Liabilities

Table of Contents

Table of Contents

EXCERPTS ON THIS PAGE:

RELATED TOPICS for VRSN:

"Accounts Payable and Accrued Liabilities" elsewhere: