CHKP FY 2012 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2012 Earnings

Reported March 19, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	7.7%
Op. Income	$747M	—	$642M	—	16.3%
Gross Margin	88.1%	—	85.9%	—	2.2pp
Net Margin	46.2%	—	43.6%	—	2.6pp
EPS (Diluted)	$2.96	—	$2.54	—	16.5%
Free Cash Flow	$841M	—	$736M	—	14.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$159M
GROSS PROFIT	$1.2B
R&D Expenses	$112M
Selling & Marketing	$255M
General & Administrative	$70M
SG&A Expenses	$325M
Other Expenses	$0
Operating Expenses	$437M
Cost & Expenses	$596M
OPERATING INCOME	$747M
Interest Income	$40M
Interest Expense	$2M
Other Income/Expenses	$40M
INCOME BEFORE TAX	$787M
Income Tax Expense	$167M
Net Income from Continuing Ops	$620M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$620M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$620M
D&A	$15M
EBIT	$747M
EBITDA	$757M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$159M
GROSS PROFIT	$1.2B
R&D Expenses	$112M
Selling & Marketing	$255M
General & Administrative	$70M
SG&A Expenses	$325M
Other Expenses	$0
Operating Expenses	$437M
Cost & Expenses	$596M
OPERATING INCOME	$747M
Interest Income	$40M
Interest Expense	$2M
Other Income/Expenses	$40M
INCOME BEFORE TAX	$787M
Income Tax Expense	$167M
Net Income from Continuing Ops	$620M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$620M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$620M
D&A	$15M
EBIT	$747M
EBITDA	$757M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$620M
Depreciation & Amortization	$15M
Stock-Based Compensation	$45M
Deferred Income Tax	-$1M
Other Non-Cash Items	$21M
Change in Working Capital	$150M
OPERATING CASH FLOW	$850M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$374M
Net Debt Issuance	$0
Common Stock Repurchased	-$466M
Common Dividends Paid	$0
Other Financing Activities	$72M
NET CASH FROM FINANCING	-$394M
FREE CASH FLOW	$841M
Net Change in Cash	$81M

Balance Sheet

Item	Amount
Cash & Equivalents	$575M
Short-Term Investments	$929M
Net Receivables	$374M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$37M
Goodwill	$728M
Intangible Assets	$19M
Long-Term Investments	$1.8B
Tax Assets	$26M
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$4.6B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$525M
Other Current Liabilities	$126M
TOTAL CURRENT LIABILITIES	$871M
Long-Term Debt	$0
Deferred Revenue NC	$65M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$270M
TOTAL NON-CURRENT LIABILITIES	$336M
TOTAL LIABILITIES	$1.2B
Common Stock	$774.0K
Additional Paid-In Capital	$693M
Retained Earnings	$4.6B
Treasury Stock	-$2.0B
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$0
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$0
Net Debt	-$575M