CHKP FY 2008 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2008 Earnings

Reported March 5, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$808M	—	$731M	—	10.6%
Op. Income	$357M	—	$280M	—	27.5%
Gross Margin	88.5%	—	88.7%	—	-0.2pp
Net Margin	40.1%	—	38.5%	—	1.6pp
EPS (Diluted)	$1.50	—	$1.25	—	20.0%
Free Cash Flow	$426M	—	$358M	—	18.8%

Revenue Flow

Item	Amount
REVENUE	$808M
Cost of Revenue	$93M
GROSS PROFIT	$716M
R&D Expenses	$92M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$268M
Other Expenses	$0
Operating Expenses	$359M
Cost & Expenses	$452M
OPERATING INCOME	$357M
Interest Income	$52M
Interest Expense	$11M
Other Income/Expenses	$30M
INCOME BEFORE TAX	$386M
Income Tax Expense	$62M
Net Income from Continuing Ops	$324M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$324M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$324M
D&A	$49M
EBIT	$357M
EBITDA	$402M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$808M
Cost of Revenue	$93M
GROSS PROFIT	$716M
R&D Expenses	$92M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$268M
Other Expenses	$0
Operating Expenses	$359M
Cost & Expenses	$452M
OPERATING INCOME	$357M
Interest Income	$52M
Interest Expense	$11M
Other Income/Expenses	$30M
INCOME BEFORE TAX	$386M
Income Tax Expense	$62M
Net Income from Continuing Ops	$324M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$324M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$324M
D&A	$49M
EBIT	$357M
EBITDA	$402M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$324M
Depreciation & Amortization	$46M
Stock-Based Compensation	$32M
Deferred Income Tax	-$14M
Other Non-Cash Items	$2M
Change in Working Capital	$44M
OPERATING CASH FLOW	$434M
Capital Expenditure	-$8M
Acquisitions (Net)	-$9M
Purchases of Investments	-$763M
Sales/Maturities of Investments	$571M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$209M
Net Debt Issuance	$0
Common Stock Repurchased	-$240M
Common Dividends Paid	$0
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$191M
FREE CASH FLOW	$426M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$543M
Short-Term Investments	$345M
Net Receivables	$252M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$56M
Goodwill	$665M
Intangible Assets	$123M
Long-Term Investments	$0
Tax Assets	$19M
Other Non-Current Assets	$536M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.6B
Account Payables	$7M
Short-Term Debt	$0
Deferred Revenue	$290M
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$403M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$175M
TOTAL LIABILITIES	$578M
Common Stock	$774.0K
Additional Paid-In Capital	$503M
Retained Earnings	$2.6B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$0
Net Debt	-$543M