CHKP FY 2015 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2015 Earnings

Reported April 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	9.0%
Op. Income	$840M	—	$801M	—	4.8%
Gross Margin	88.4%	—	88.2%	—	0.2pp
Net Margin	42.1%	—	44.1%	—	-2.0pp
EPS (Diluted)	$3.74	—	$3.43	—	9.0%
Free Cash Flow	$932M	—	$773M	—	20.6%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$189M
GROSS PROFIT	$1.4B
R&D Expenses	$149M
Selling & Marketing	$360M
General & Administrative	$92M
SG&A Expenses	$452M
Other Expenses	$0
Operating Expenses	$601M
Cost & Expenses	$790M
OPERATING INCOME	$840M
Interest Income	$68M
Interest Expense	$3M
Other Income/Expenses	$34M
INCOME BEFORE TAX	$874M
Income Tax Expense	$188M
Net Income from Continuing Ops	$686M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$686M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$686M
D&A	$14M
EBIT	$840M
EBITDA	$854M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$189M
GROSS PROFIT	$1.4B
R&D Expenses	$149M
Selling & Marketing	$360M
General & Administrative	$92M
SG&A Expenses	$452M
Other Expenses	$0
Operating Expenses	$601M
Cost & Expenses	$790M
OPERATING INCOME	$840M
Interest Income	$68M
Interest Expense	$3M
Other Income/Expenses	$34M
INCOME BEFORE TAX	$874M
Income Tax Expense	$188M
Net Income from Continuing Ops	$686M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$686M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$686M
D&A	$14M
EBIT	$840M
EBITDA	$854M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$686M
Depreciation & Amortization	$14M
Stock-Based Compensation	$76M
Deferred Income Tax	-$16M
Other Non-Cash Items	$10M
Change in Working Capital	$179M
OPERATING CASH FLOW	$950M
Capital Expenditure	-$17M
Acquisitions (Net)	-$97M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$153M
Net Debt Issuance	$0
Common Stock Repurchased	-$986M
Common Dividends Paid	$0
Other Financing Activities	$119M
NET CASH FROM FINANCING	-$866M
FREE CASH FLOW	$932M
Net Change in Cash	-$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$192M
Short-Term Investments	$1.1B
Net Receivables	$411M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$49M
Goodwill	$812M
Intangible Assets	$26M
Long-Term Investments	$2.3B
Tax Assets	$21M
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$5.1B
Account Payables	$18M
Short-Term Debt	$0
Deferred Revenue	$718M
Other Current Liabilities	$170M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$0
Deferred Revenue NC	$188M
Deferred Tax Liabilities	$240.0K
Other Non-Current Liabilities	$293M
TOTAL NON-CURRENT LIABILITIES	$481M
TOTAL LIABILITIES	$1.5B
Common Stock	$774.0K
Additional Paid-In Capital	$987M
Retained Earnings	$6.6B
Treasury Stock	-$4.0B
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$0
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$0
Net Debt	-$192M