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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues $ 675.0 $ 612.8 $ 1,326.6 $ 1,256.4
Operating expenses (income):        
Cost of revenues (exclusive of items shown separately below) 216.9 195.5 433.1 424.2
Selling, general and administrative 86.8 96.3 165.8 204.2
Depreciation and amortization of fixed assets 46.5 39.5 91.1 79.6
Amortization of intangible assets 18.8 18.3 36.5 39.5
Other operating loss (income), net 0.0 15.6 0.0 (361.5)
Total operating expenses, net 369.0 365.2 726.5 386.0
Operating income 306.0 247.6 600.1 870.4
Other expense:        
Investment loss (6.2) (0.9) (7.3) (2.8)
Interest expense, net (31.6) (31.9) (58.0) (63.2)
Total other expense, net (37.8) (32.8) (65.3) (66.0)
Income from continuing operations before income taxes 268.2 214.8 534.8 804.4
Provision for income taxes (63.9) (41.2) (136.1) (143.8)
Income from continuing operations 204.3 173.6 398.7 660.6
(Loss) income from discontinued operations net of tax benefit (expense) of $0.9, $(3.1), $(0.2), and $(5.5), respectively (Note 7) (7.5) 24.2 (145.5) 43.0
Net income 196.8 197.8 253.2 703.6
Less: Net loss (income) attributable to noncontrolling interests 0.1 (0.1) 0.0 (0.2)
Net income attributable to Verisk $ 196.9 $ 197.7 $ 253.2 $ 703.4
Income from continuing operations (in dollars per share) $ 1.41 $ 1.10 $ 2.69 $ 4.14
(Loss) income from discontinued operations (in dollars per share) (0.05) 0.15 (0.98) 0.27
Basic net income per share attributable to Verisk: (in dollars per share) 1.36 1.25 1.71 4.41
Income from continuing operations (in dollars per share) 1.41 1.09 2.67 4.12
(Loss) income from discontinued operations (in dollars per share) (0.06) 0.15 (0.97) 0.27
Diluted net income per share attributable to Verisk: (in dollars per share) $ 1.35 $ 1.24 $ 1.70 $ 4.39
Weighted-average shares outstanding:        
Basic (in shares) 144,834,494 157,972,755 148,433,375 159,326,855
Diluted (in shares) 145,500,121 159,123,563 149,104,720 160,381,090