Verisk Reports Fourth-Quarter 2019 Financial Results

Consolidated Adjusted EBITDA Expense Reconciliation
(in millions)
Note: Adjusted EBITDA expenses are a non-GAAP measure.

  Three Months Ended  Twelve Months Ended
  December 31,  December 31,
  2019  2018  2019  2018
Operating expenses$470.2  $397.7  $1,910.2  $1,561.0 
Depreciation and amortization of fixed assets (47.7)  (43.7)  (185.7)  (165.3)
Amortization of intangible assets (37.9)  (32.3)  (138.0)  (130.8)
Investment (loss) income and others, net 1.4   4.0   1.7   (15.3)
Litigation reserve       (125.0)   
Acquisition-related costs (earn-outs) (28.0)  (0.9)  (74.0)  (5.1)
Loss from disposition       (6.2)   
Gain and interest income on subordinated promissory note receivable          20.4 
Adjusted EBITDA expenses$358.0  $324.8  $1,383.0  $1,264.9 

Diluted Adjusted EPS Reconciliation
(in millions, except per share amounts)
Note: Diluted adjusted EPS is a non-GAAP measure.

  Three Months Ended  Twelve Months Ended
  December 31,  December 31,
  2019  2018   2019   2018
Net income $ 132.2     $ 146.2     $ 449.9     $ 598.7  
plus: Amortization of intangibles   37.9       32.3       138.0       130.8  
less: Income tax effect on amortization of intangibles   (8.0 )     (6.7 )     (29.0 )     (27.5 )
plus: Litigation reserve               125.0        
less: Income tax effect on litigation reserve               (29.9 )      
plus: Acquisition-related costs and interest expense (earn-outs)   28.2       2.2       75.1       6.4  
less: Income tax effect on acquisition-related costs and interest expense (earn-outs)   (1.9 )           (4.7 )     (1.2 )
plus: Interest income and gain on subordinated promissory note receivable                     (20.4 )
less: Income tax effect on interest income and gain on subordinated promissory note receivable                     4.8  
plus: Loss from disposition               6.2        
less: Income tax on effect on loss from disposition               (1.5 )      
Adjusted net income $ 188.4     $ 174.0     $ 729.1     $ 691.6  
                       
Diluted EPS $ 0.80     $ 0.87     $ 2.70     $ 3.56  
Diluted adjusted EPS $ 1.13     $ 1.04     $ 4.38     $ 4.11  
                       
Weighted-average diluted shares outstanding   166.2       167.3       166.6       168.3  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »



Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Multiple Layers to the Inflation Watch Story
Jobs
Construction Project Manager for Gordon Prill, Inc at Sunnyvale, California
Electrical Engineer for Dinter Engineering at Reno, Nevada
Senior Highway Engineer for RS&H at Jacksonville, Florida
BIM/CAD Specialist for Gordon Prill, Inc at Sunnyvale, California
Senior Project Architect for Gordon Prill, Inc at Sunnyvale, California
Electrical Designer for Dinter Engineering at Reno, Nevada
Upcoming Events
ICSD 2021 : 9th International Conference on Sustainable Development, 8 - 9 September Rome, Italy at Roma Eventi, Pontifical Gregorian University Piazza della Pilotta, 4 Rome Rome Italy - Sep 8 - 9, 2021
Urban Planning & Architectural Design for Sustainable Development – 6th Edition at University of Florence Florence Italy - Sep 14 - 16, 2021
World Tunnel Congress 2021 at Copenhagen Denmark - Sep 20 - 24, 2021
NIBS Building Innovation 2021: Virtual Edition. at United States - Sep 27 - 29, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise