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VRSN » Topics » Property and equipment, net

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

Property and Equipment, Net

The following table presents the detail of Property and equipment, net:

 

     March 31,
2009		     December 31,
2008		  
   (In thousands)  

Land

    $ 133,746     $ 133,746  

Buildings

      129,199       135,242  

Computer equipment and software

      307,936       342,470  

Capital work in progress

      16,564       16,595  

Office equipment, furniture and fixtures

      14,765       15,491  

Leasehold improvements

      52,382       52,690  
                

Total cost

      654,592       696,234  

Less: accumulated depreciation

      (281,869 )     (310,736 )
                

Total property and equipment, net

    $ 372,723     $ 385,498  
                
This excerpt taken from the VRSN 10-K filed Mar 3, 2009.

Property and Equipment, Net

 

The following table presents the detail of property and equipment, net:

 

     As of December 31,  
     2008     2007  
     (In thousands)  

Land

    $ 133,746     $ 222,750  

Buildings

      132,839       118,220  

Computer equipment and software

      341,616       738,549  

Capital work in progress

      16,595       69,298  

Office equipment, furniture and fixtures

      15,491       33,408  

Leasehold improvements

      52,690       47,510  
                

Total cost

      692,977       1,229,735  

Less: accumulated depreciation and amortization

      (310,736 )     (607,818 )
                

Total property and equipment, net

    $ 382,241     $ 621,917  
                

 

During the first quarter of 2008, the Company reclassified certain leasehold improvements, with a cost of $29.2 million, to buildings as the Company determined this was a more appropriate categorization of these assets. The amounts presented at December 31, 2007, were reclassified accordingly. During the second quarter of 2008, the Company sold certain property and equipment in its Mountain View, California, location for net cash consideration of $47.6 million. The sale primarily included land with a total cost of $88.1 million and buildings with a total cost of $50.1 million. The accumulated depreciation of the Mountain View property which was sold was $12.5 million.

 

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

Property and Equipment, Net

The following table presents the detail of Property and equipment, net:

 

     September 30,
2008		     December 31,
2007		  
     (In thousands)  

Land

    $ 133,746     $ 222,750  

Buildings

      127,866       118,220  

Computer equipment and software

      286,953       738,549  

Capital work in progress

      19,430       69,298  

Office equipment, furniture and fixtures

      14,923       33,408  

Leasehold improvements

      47,190       47,510  
                

Total cost

      630,108       1,229,735  

Less: accumulated depreciation and amortization

      (256,011 )     (607,818 )
                

Total property and equipment, net

    $ 374,097     $ 621,917  
                

During the second quarter of 2008, the Company sold certain property and equipment in its Mountain View, California, location for net cash proceeds of $47.6 million. The sale primarily included land with a total cost of $88.1 million and buildings with a total cost of $50.1 million. The accumulated depreciation of the Mountain View property which was sold was $12.5 million.

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

Property and Equipment, Net

The following table presents the detail of Property and equipment, net:

 

     June 30,
2008		     December 31,
2007		  
     (In thousands)  

Land

    $ 133,746     $ 222,750  

Buildings

      63,010       118,220  

Computer equipment and software

      514,512       738,549  

Capital work in progress

      80,399       69,298  

Office equipment, furniture and fixtures

      17,922       33,408  

Leasehold improvements

      48,248       47,510  
                

Total cost

      857,837       1,229,735  

Less: accumulated depreciation and amortization

      (421,866 )     (607,818 )
                

Total property and equipment, net

    $ 435,971     $ 621,917  
                

During the second quarter of 2008, the Company sold certain property and equipment in its Mountain View, California location for net cash proceeds of $47.6 million. The sale primarily included land with a total cost of $88.1 million and buildings with a total cost of $50.1 million. The accumulated depreciation of the Mountain View property which was sold was $12.5 million. During the first quarter of 2008, the Company reclassified certain leasehold improvements, with a cost of $29.2 million, to buildings as the Company determined this is a more appropriate categorization of these assets. The amounts presented at December 31, 2007, are reclassified accordingly.

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

Property and Equipment, Net

The following table presents the detail of Property and equipment, net:

 

     March 31,
2008		     December 31,
2007		  
     (In thousands)  

Land

    $ 222,268     $ 222,750  

Buildings

      118,215       118,220  

Computer equipment and software

      731,318       738,549  

Capital work in progress

      69,278       69,298  

Office equipment, furniture and fixtures

      34,074       33,408  

Leasehold improvements

      48,583       47,510  
                

Total cost

      1,223,736       1,229,735  

Less: accumulated depreciation and amortization

      (617,067 )     (607,818 )
                

Total property and equipment, net

    $ 606,669     $ 621,917  
                

During the first quarter of 2008, the Company reclassified certain leasehold improvements, with a cost of $29.2 million, to buildings as the Company determined this is a more appropriate categorization of these assets. The amounts presented at December 31, 2007, have also been reclassified accordingly.

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

Property and Equipment, Net

 

The following table presents the detail of property and equipment, net:

 

     As of December 31,  
     2007     2006  
     (In thousands)  

Land

    $ 222,750     $ 222,750  

Buildings

      135,393       88,532  

Computer equipment and software

      757,154       699,576  

Office equipment, furniture and fixtures

      33,407       29,682  

Leasehold improvements

      81,031       90,263  
                

Total cost

      1,229,735       1,130,803  
                

Less: accumulated depreciation and amortization

      (607,818 )     (525,511 )
                

Total property and equipment, net

    $ 621,917     $ 605,292  
                

 

 

139

 

Table of Contents

VERISIGN, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

DECEMBER 31, 2007, 2006 AND 2005

 

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

Property and equipment, net

Property and equipment, net consist of the following:

 

    

September 30,

2006

     December 31,
2005		  
           As Restated (1)  
     (In thousands)  

Land

    $ 222,661     $ 222,516  

Buildings

      88,595       74,467  

Computer equipment and purchased software

      664,046       573,536  

Office equipment, furniture and fixtures

      28,651       26,831  

Leasehold improvements

      84,957       84,468  
                
     1,088,910       981,818  

Less accumulated depreciation and amortization

      (497,284 )     (423,546 )
                

Property and equipment, net

    $ 591,626     $ 558,272  
                
(1) See Note 2, “Restatement of Condensed Consolidated Financial Statements,” of the Notes to Condensed Consolidated Financial Statements.
This excerpt taken from the VRSN 10-Q filed Nov 9, 2005.

Note 5. Property and Equipment, Net

 

Property and equipment, net consisted of the following:

 

    

September 30,

2005

    

December 31,

2004

  
     (In thousands)  

Original cost

    $ 932,778     $ 853,337  

Less: accumulated depreciation and amortization

      (404,487 )     (340,716 )
    
 

Property and equipment, net

    $ 528,291     $ 512,621  
    
 

 

EXCERPTS ON THIS PAGE:

10-Q
May 8, 2009
10-K
Mar 3, 2009
10-Q
Nov 7, 2008
10-Q
Aug 8, 2008
10-Q
May 12, 2008
10-K
Feb 29, 2008
10-Q
Jul 12, 2007
10-Q
Nov 9, 2005

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