VeriSign (VRSN)

Revenue from discontinued operations was $41 million while the non-core Pre-Pay Billing business reported $1 million of revenue as part of continuing operations during the third quarter of 2009.

Transition services revenue for businesses previously divested is included in Other Income/Loss and was $1.2 million in the third quarter of 2009 compared to $1.1 million in the second quarter.

VeriSign ended the third quarter of 2009 with Cash, Cash Equivalents and Restricted Cash of $1.4 billion, an increase of $124 million from the prior quarter.

Cash flow from operations, on a consolidated basis, was approximately $105 million for the third quarter of 2009 and $222 million year-to-date, after giving effect to a reclassification of $101 million of year-to-date excess tax benefits associated with stock-based compensation from operating cash flows to financing cash flows.

Capital expenditures, on a consolidated basis, were approximately $25 million for the third quarter of 2009 and $66 million year-to-date.

Deferred revenue on September 30, 2009 totaled $881 million for continuing operations, an increase of $3 million from the prior quarter.

Revenue from discontinued operations was $70 million while non-core businesses reported $1.4 million of revenue as part of continuing operations during the second quarter of 2009.

VeriSign ended the second quarter of 2009 with Cash and Equivalents of $1.3 billion, inclusive of $2 million of restricted cash, an increase of $366 million from the prior quarter.

Cash flow from operations, on a consolidated basis, for the second quarter of 2009 was approximately $83 million or $121 million year-to-date, after giving effect to a reclassification of $95 million of year-to-date excess tax benefit associated with stock-based compensation from operating cash flows to financing cash flows.

Capital expenditures, on a consolidated basis, were approximately $20 million for the second quarter of 2009 and $41 million year-to-date.

Deferred revenue on June 30, 2009 totaled $878 million for continuing operations, an increase of $6 million from the prior quarter.

Pursuant to the terms of the arrangement agreement between VeriSign and Certicom, VeriSign received a termination fee of approximately $3 million in the quarter that contributed approximately $0.01 to earnings per share.

Revenue from discontinued operations was $103 million while non-core businesses reported $3 million of revenue as part of continuing operations during the first quarter of 2009.

VeriSign ended the first quarter of 2009 with Cash and Equivalents of $944 million, inclusive of $2 million of restricted cash, an increase of $153 million from the prior quarter.

Cash flow from operations for the quarter was approximately $38 million.

Capital expenditures, on a consolidated basis, were approximately $21 million for the first quarter of 2009.

Deferred revenue on March 31, 2009 totaled $872 million for continuing operations, an increase of $27 million from the prior quarter.

Revenue from discontinued operations was $136 million while non-core businesses reported $1.8 million of revenue as part of continuing operations during the fourth quarter of 2008.

VeriSign ended the fourth quarter of 2008 with Cash and Equivalents of $791 million, an increase of $137 million from the prior quarter. At year-end, approximately $150 million of funds held by the Reserve were reclassified as Other Current Assets.

Cash flow from operations for the quarter was approximately $115 million and approximately $475 million for fiscal year 2008.

Capital expenditures, on a consolidated basis, were approximately $25 million for the fourth quarter of 2008 and $104 million for the full year.

Deferred revenue on December 31, 2008 totaled $845 million for continuing operations, an increase of $8 million from the prior quarter.

In the fourth quarter, VeriSign repurchased approximately 2.6 million shares of its common stock for a cost of $50 million. For the full year, VeriSign repurchased approximately 39 million shares for a total of $1.31 billion, compared to 38 million shares for $1.15 billion in 2007.

Also during the fourth quarter, VeriSign completed the sales of the Post-Pay billing business, inCode communications consulting service and 3united mobile solutions.

Revenue from discontinued operations was $143 million while non-core businesses reported $6 million of revenue as part of continuing operations during the third quarter of 2008.

Other Income, on a non-GAAP basis, showed a loss of $15 million, $8 million higher than Q2 due primarily to an $8 million charge related to investments affected by the Lehman Brothers bankruptcy.

VeriSign ended the third quarter of 2008 with Cash, Cash Equivalents, Restricted Cash and Short-term Investments of $654 million, a decrease of $14 million from the prior quarter.

Cash flow from operations for the quarter was $115 million and $359 million year-to-date.

Capital expenditures, on a consolidated basis, were approximately $19 million for the third quarter of 2008 and $79 million year-to-date.

Deferred revenue on September 30, 2008, totaled $798 million for continuing operations, an increase of $17 million from the prior quarter.

In July 2008, VeriSign repurchased approximately 3.5 million shares of its common stock for a cost of $120 million. In July 2008, VeriSign also received an additional 1.4 million shares under an Accelerated Share Repurchase agreement. As of November 6, 2008, $1 billion is available in aggregate under the company’s 2006 and 2008 stock repurchase programs.

On October 7, 2008, VeriSign announced the sale of its minority share of the mobile entertainment joint venture to News Corporation for approximately $200 million.

Non-core businesses delivered $70 million of revenue in the second quarter of 2008, and revenue from discontinued operations was $89 million.

VeriSign ended the second quarter of 2008 with Cash, Cash Equivalents, Restricted Cash and Short-term Investments of $669 million, an increase of $137 million from the prior quarter.

Cash flow from operations for the quarter was $169 million and $244 million year-to-date.

Capital expenditures were approximately $34 million for the second quarter of 2008 and $60 million year-to-date.

During the second quarter of 2008, the balance of $140 million on the line of credit was paid in full.

In June 2008, the company completed the sale and leaseback of two headquarter buildings in Mountain View, California. The buildings were sold for net cash proceeds of $48 million.

Deferred revenue on June 30, 2008 totaled $780 million, an increase of $19 million from the prior quarter.

On August 5, 2008, the Board of Directors approved an additional authorization for share repurchases of $680 million, which brings the total amount authorized to $1 billion.

Non-core businesses, including $41 million from discontinued operations, delivered $172 million of revenue in the first quarter of 2008.

During the quarter, the company repurchased over 31 million shares of common stock, retiring nearly 14% of the shares outstanding as of December 31, 2007.

VeriSign ended the first quarter with Cash, Cash Equivalents, Restricted Cash and Short-term Investments of $532 million, a decrease of $893 million from the prior quarter as a result of Q1 share repurchases.

Cash flow from operations for the quarter was $74 million.

Capital expenditures were approximately $26 million for the first quarter.

Deferred revenue on March 31, 2008 totaled $761 million, an increase of $23 million from the prior quarter.