CHKP FY 2017 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2017 Earnings

Reported April 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	6.5%
Op. Income	$924M	—	$852M	—	8.4%
Gross Margin	88.5%	—	88.4%	—	0.1pp
Net Margin	43.3%	—	41.6%	—	1.7pp
EPS (Diluted)	$4.82	—	$4.18	—	15.3%
Free Cash Flow	$1.1B	—	$925M	—	16.8%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$213M
GROSS PROFIT	$1.6B
R&D Expenses	$192M
Selling & Marketing	$433M
General & Administrative	$92M
SG&A Expenses	$525M
Other Expenses	$0
Operating Expenses	$718M
Cost & Expenses	$931M
OPERATING INCOME	$924M
Interest Income	$75M
Interest Expense	$2M
Other Income/Expenses	$47M
INCOME BEFORE TAX	$971M
Income Tax Expense	$168M
Net Income from Continuing Ops	$803M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$803M
Net Income Deductions	-$23.0K
BOTTOM LINE NET INCOME	$803M
D&A	$17M
EBIT	$971M
EBITDA	$988M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$213M
GROSS PROFIT	$1.6B
R&D Expenses	$192M
Selling & Marketing	$433M
General & Administrative	$92M
SG&A Expenses	$525M
Other Expenses	$0
Operating Expenses	$718M
Cost & Expenses	$931M
OPERATING INCOME	$924M
Interest Income	$75M
Interest Expense	$2M
Other Income/Expenses	$47M
INCOME BEFORE TAX	$971M
Income Tax Expense	$168M
Net Income from Continuing Ops	$803M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$803M
Net Income Deductions	-$23.0K
BOTTOM LINE NET INCOME	$803M
D&A	$17M
EBIT	$971M
EBITDA	$988M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$803M
Depreciation & Amortization	$17M
Stock-Based Compensation	$87M
Deferred Income Tax	$65M
Other Non-Cash Items	$21M
Change in Working Capital	$117M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$179M
Net Debt Issuance	$0
Common Stock Repurchased	-$995M
Common Dividends Paid	$0
Other Financing Activities	$122M
NET CASH FROM FINANCING	-$873M
FREE CASH FLOW	$1.1B
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$245M
Short-Term Investments	$1.2B
Net Receivables	$472M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$78M
Goodwill	$812M
Intangible Assets	$18M
Long-Term Investments	$2.4B
Tax Assets	$119M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$5.5B
Account Payables	$12M
Short-Term Debt	$0
Deferred Revenue	$878M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$308M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$348M
TOTAL NON-CURRENT LIABILITIES	$656M
TOTAL LIABILITIES	$1.9B
Common Stock	$774.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$8.2B
Treasury Stock	-$5.9B
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$0
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$0
Net Debt	-$245M