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This excerpt taken from the VRSN 10-Q filed Aug 9, 2007. Net cash used in financing activities Net cash used in financing activities of approximately $198.9 million for the six months ended June 30, 2007 was primarily related to repayment of short-term debt of $199.0 million. Net cash used in discontinued operations Net cash used in operating activities from discontinued operations of approximately $3.3 million for the six months ended June 30, 2007 was primarily from net income and changes in operating assets and liabilities. This excerpt taken from the VRSN 10-Q filed Jul 16, 2007. Net cash used in financing activities Net cash used in financing activities of approximately $199.0 million for the three months ended March 31, 2007 was primarily related to repayment of long-term debt.
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Table of ContentsNet cash used in discontinued operations Net cash used in operating activities from discontinued operations of approximately $0.2 million for the three months ended March 31, 2007 was primarily from net income and changes in operating assets and liabilities. This excerpt taken from the VRSN 10-K filed Jul 12, 2007. Net cash used in financing activities
Net cash provided by financing activities was $110.7 million in 2006 primarily due to $199.0 million in net proceeds received from the draw down of our credit facility and $51.5 million provided by the proceeds from issuance of common stock from option exercises and employee stock purchase plan purchases, partially offset from $135.0 million used to repurchase shares of our common stock in the open market under an existing repurchase program.
Net cash used in financing activities was $469.5 million in 2005 primarily due to $548.6 million used to repurchase shares of our common stock in the open market under an existing repurchase program, partially offset by $80.5 million provided by the proceeds from issuance of common stock from option exercises and employee stock purchase plan purchases.
Net cash used in financing activities was $54.5 million in 2004 primarily due to $113.3 million used to repurchase shares of our common stock in the open market under an existing repurchase program, partially offset by $62.4 million provided by the proceeds from issuance of common stock from option exercises and employee stock purchase plan purchases.
Net cash provided by discontinued operations
Net cash used in operating activities was $1.2 million primarily related to additional services provided after the sale our discontinued payment gateway business after the sale in late 2005. Net cash provided by operating activities from discontinued operations for 2005 and 2004 was primarily from net income related to our discontinued payment gateway business of $16.2 million and $17.5 million, respectively.
In 2006 and 2005, we did not receive or use any cash related to investing activities from discontinued operations. Net cash used in investing activities of discontinued operations was approximately $1.5 million for 2004, primarily for purchases of property and equipment.
This excerpt taken from the VRSN 10-Q filed May 10, 2006. Net cash used in financing activities Net cash used in financing activities of approximately $40.6 million for the three months ended March 31, 2006 was primarily related to repurchases of common stock of $75.0 million, offset by proceeds of approximately $29.9 million from issuance of common stock from option exercises and our employee stock purchase plan and excess tax benefits from stock-based compensation of $5.8 million. Net cash provided by discontinued operations Net cash used in operating activities from discontinued operations for the three months ended March 31, 2006 was primarily from changes in operating assets and liabilities of approximately $1.4 million offset by net income related to our discontinued payment gateway business of $0.8 million. Net cash provided by operating activities from discontinued operations for the three months ended March 31, 2005 was primarily from net income from discontinued operations of approximately $4.0 million and changes in operating assets and liabilities of $1.1 million. This excerpt taken from the VRSN 10-K filed Mar 13, 2006. Net cash used in financing activities
Net cash used in financing activities was $469.5 million in 2005 primarily due to $548.6 million used to repurchase shares of our common stock in the open market under an existing repurchase program, partially offset by $80.5 million provided by the proceeds from issuance of common stock from option exercises and employee stock purchase plan purchases.
Net cash used in financing activities was $54.5 million in 2004 primarily due to $113.3 million used to repurchase shares of our common stock in the open market under an existing repurchase program, partially offset by $62.4 million provided by the proceeds from issuance of common stock from option exercises and employee stock purchase plan purchases.
Net cash provided by financing activities was $55.9 million in 2003 primarily due to $37.4 million of cash was provided as a result of VeriSign Japan’s initial public offering of common stock in the fourth quarter of 2003 and through subsequent option exercises. Additionally, in 2003, $31.7 million was provided by common stock issuances as a result of stock option exercises and proceeds from the employee stock purchase plan partially offset by $13.2 million for the repayment of debt and other long-term obligations.
Net cash provided by discontinued operations
Net cash provided by operating activities from discontinued operations for 2005, 2004 and 2003 was primarily from net income related to our discontinued payment gateway business of $16.1 million, $12.6 million and $8.0 million respectively.
Net cash used in investing activities of discontinued operations was approximately $1.5 million and $2.8 million for 2004 and 2003, respectively, primarily for purchases of property and equipment.
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