CHKP FY 2006 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2006 Earnings

Reported March 15, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$575M	—	—	—	—
Op. Income	$275M	—	—	—	—
Gross Margin	93.7%	—	—	—	—
Net Margin	48.3%	—	—	—	—
EPS (Diluted)	$1.17	—	—	—	—
Free Cash Flow	$323M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$575M
Cost of Revenue	$36M
GROSS PROFIT	$539M
R&D Expenses	$62M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$201M
Other Expenses	$0
Operating Expenses	$263M
Cost & Expenses	$299M
OPERATING INCOME	$275M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$64M
INCOME BEFORE TAX	$338M
Income Tax Expense	$60M
Net Income from Continuing Ops	$278M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$278M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$278M
D&A	$16M
EBIT	$276M
EBITDA	$292M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$575M
Cost of Revenue	$36M
GROSS PROFIT	$539M
R&D Expenses	$62M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$201M
Other Expenses	$0
Operating Expenses	$263M
Cost & Expenses	$299M
OPERATING INCOME	$275M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$64M
INCOME BEFORE TAX	$338M
Income Tax Expense	$60M
Net Income from Continuing Ops	$278M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$278M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$278M
D&A	$16M
EBIT	$276M
EBITDA	$292M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$278M
Depreciation & Amortization	$16M
Stock-Based Compensation	$0
Deferred Income Tax	-$3M
Other Non-Cash Items	$35M
Change in Working Capital	$42M
OPERATING CASH FLOW	$368M
Capital Expenditure	-$45M
Acquisitions (Net)	-$14M
Purchases of Investments	-$603M
Sales/Maturities of Investments	$899M
Other Investing Activities	$0
NET CASH FROM INVESTING	$236M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$435M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$383M
FREE CASH FLOW	$323M
Net Change in Cash	$221M

Balance Sheet

Item	Amount
Cash & Equivalents	$519M
Short-Term Investments	$572M
Net Receivables	$164M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$47M
Goodwill	$182M
Intangible Assets	$23M
Long-Term Investments	$0
Tax Assets	$7M
Other Non-Current Assets	$566M
TOTAL NON-CURRENT ASSETS	$825M
TOTAL ASSETS	$2.1B
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$204M
Other Current Liabilities	$107M
TOTAL CURRENT LIABILITIES	$358M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$82M
TOTAL LIABILITIES	$369M
Common Stock	$774.0K
Additional Paid-In Capital	$422M
Retained Earnings	$2.0B
Treasury Stock	-$729M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$0
Net Debt	-$519M