CHKP FY 2016 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2016 Earnings

Reported April 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	6.8%
Op. Income	$852M	—	$840M	—	1.5%
Gross Margin	88.4%	—	88.4%	—	-0.0pp
Net Margin	41.6%	—	42.1%	—	-0.5pp
EPS (Diluted)	$4.18	—	$3.74	—	11.8%
Free Cash Flow	$925M	—	$932M	—	-0.7%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$202M
GROSS PROFIT	$1.5B
R&D Expenses	$178M
Selling & Marketing	$421M
General & Administrative	$88M
SG&A Expenses	$509M
Other Expenses	$0
Operating Expenses	$687M
Cost & Expenses	$889M
OPERATING INCOME	$852M
Interest Income	$69M
Interest Expense	$2M
Other Income/Expenses	$44M
INCOME BEFORE TAX	$897M
Income Tax Expense	$172M
Net Income from Continuing Ops	$725M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$725M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$725M
D&A	$15M
EBIT	$852M
EBITDA	$867M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$202M
GROSS PROFIT	$1.5B
R&D Expenses	$178M
Selling & Marketing	$421M
General & Administrative	$88M
SG&A Expenses	$509M
Other Expenses	$0
Operating Expenses	$687M
Cost & Expenses	$889M
OPERATING INCOME	$852M
Interest Income	$69M
Interest Expense	$2M
Other Income/Expenses	$44M
INCOME BEFORE TAX	$897M
Income Tax Expense	$172M
Net Income from Continuing Ops	$725M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$725M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$725M
D&A	$15M
EBIT	$852M
EBITDA	$867M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$725M
Depreciation & Amortization	$15M
Stock-Based Compensation	$83M
Deferred Income Tax	-$33M
Other Non-Cash Items	$3M
Change in Working Capital	$157M
OPERATING CASH FLOW	$949M
Capital Expenditure	-$24M
Acquisitions (Net)	$0
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.8B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$110M
Net Debt Issuance	$0
Common Stock Repurchased	-$988M
Common Dividends Paid	$0
Other Financing Activities	$144M
NET CASH FROM FINANCING	-$844M
FREE CASH FLOW	$925M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$187M
Short-Term Investments	$1.2B
Net Receivables	$479M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$62M
Goodwill	$812M
Intangible Assets	$22M
Long-Term Investments	$2.3B
Tax Assets	$95M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$5.2B
Account Payables	$20M
Short-Term Debt	$0
Deferred Revenue	$814M
Other Current Liabilities	$170M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$251M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$309M
TOTAL NON-CURRENT LIABILITIES	$561M
TOTAL LIABILITIES	$1.7B
Common Stock	$774.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$7.3B
Treasury Stock	-$5.0B
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$0
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$0
Net Debt	-$187M