CHKP FY 2009 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2009 Earnings

Reported March 29, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$924M	—	$808M	—	14.3%
Op. Income	$415M	—	$357M	—	16.4%
Gross Margin	85.6%	—	88.5%	—	-3.0pp
Net Margin	38.7%	—	40.1%	—	-1.4pp
EPS (Diluted)	$1.68	—	$1.50	—	12.0%
Free Cash Flow	$553M	—	$426M	—	29.9%

Revenue Flow

Item	Amount
REVENUE	$924M
Cost of Revenue	$133M
GROSS PROFIT	$791M
R&D Expenses	$90M
Selling & Marketing	$221M
General & Administrative	$56M
SG&A Expenses	$277M
Other Expenses	$0
Operating Expenses	$367M
Cost & Expenses	$500M
OPERATING INCOME	$415M
Interest Income	$32M
Interest Expense	$0
Other Income/Expenses	$31M
INCOME BEFORE TAX	$446M
Income Tax Expense	$88M
Net Income from Continuing Ops	$358M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$358M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$358M
D&A	$60M
EBIT	$424M
EBITDA	$484M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$924M
Cost of Revenue	$133M
GROSS PROFIT	$791M
R&D Expenses	$90M
Selling & Marketing	$221M
General & Administrative	$56M
SG&A Expenses	$277M
Other Expenses	$0
Operating Expenses	$367M
Cost & Expenses	$500M
OPERATING INCOME	$415M
Interest Income	$32M
Interest Expense	$0
Other Income/Expenses	$31M
INCOME BEFORE TAX	$446M
Income Tax Expense	$88M
Net Income from Continuing Ops	$358M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$358M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$358M
D&A	$60M
EBIT	$424M
EBITDA	$484M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$358M
Depreciation & Amortization	$60M
Stock-Based Compensation	$31M
Deferred Income Tax	-$11M
Other Non-Cash Items	$4M
Change in Working Capital	$116M
OPERATING CASH FLOW	$557M
Capital Expenditure	-$4M
Acquisitions (Net)	-$59M
Purchases of Investments	-$976M
Sales/Maturities of Investments	$455M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$584M
Net Debt Issuance	$0
Common Stock Repurchased	-$202M
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$102M
FREE CASH FLOW	$553M
Net Change in Cash	-$129M

Balance Sheet

Item	Amount
Cash & Equivalents	$414M
Short-Term Investments	$470M
Net Receivables	$284M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$39M
Goodwill	$708M
Intangible Assets	$114M
Long-Term Investments	$963M
Tax Assets	$16M
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.1B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$384M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$553M
Long-Term Debt	$0
Deferred Revenue NC	$41M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$144M
TOTAL NON-CURRENT LIABILITIES	$197M
TOTAL LIABILITIES	$750M
Common Stock	$774.0K
Additional Paid-In Capital	$528M
Retained Earnings	$3.0B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$0
Net Debt	-$414M