CHKP FY 2023 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

FY 2023 Earnings

Reported April 2, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.3B	—	3.6%
Op. Income	$899M	—	$884M	—	1.7%
Gross Margin	88.3%	—	86.9%	—	1.4pp
Net Margin	34.8%	—	34.2%	—	0.6pp
EPS (Diluted)	$7.10	—	$6.31	—	12.5%
Free Cash Flow	$1.0B	—	$1.1B	—	-5.3%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$283M
GROSS PROFIT	$2.1B
R&D Expenses	$369M
Selling & Marketing	$747M
General & Administrative	$117M
SG&A Expenses	$864M
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$1.5B
OPERATING INCOME	$899M
Interest Income	$92M
Interest Expense	$2M
Other Income/Expenses	$77M
INCOME BEFORE TAX	$976M
Income Tax Expense	$135M
Net Income from Continuing Ops	$840M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$840M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$840M
D&A	$47M
EBIT	$978M
EBITDA	$1.0B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$283M
GROSS PROFIT	$2.1B
R&D Expenses	$369M
Selling & Marketing	$747M
General & Administrative	$117M
SG&A Expenses	$864M
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$1.5B
OPERATING INCOME	$899M
Interest Income	$92M
Interest Expense	$2M
Other Income/Expenses	$77M
INCOME BEFORE TAX	$976M
Income Tax Expense	$135M
Net Income from Continuing Ops	$840M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$840M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$840M
D&A	$47M
EBIT	$978M
EBITDA	$1.0B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$840M
Depreciation & Amortization	$47M
Stock-Based Compensation	$145M
Deferred Income Tax	-$10M
Other Non-Cash Items	$10M
Change in Working Capital	$5M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$19M
Acquisitions (Net)	-$459M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$2.0B
Other Investing Activities	$0
NET CASH FROM INVESTING	$469M
Net Debt Issuance	$0
Common Stock Repurchased	-$1.3B
Common Dividends Paid	$0
Other Financing Activities	$123M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.0B
Net Change in Cash	$342M

Balance Sheet

Item	Amount
Cash & Equivalents	$538M
Short-Term Investments	$992M
Net Receivables	$658M
Inventory	$0
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$80M
Goodwill	$1.6B
Intangible Assets	$194M
Long-Term Investments	$1.4B
Tax Assets	$82M
Other Non-Current Assets	$97M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$5.7B
Account Payables	$48M
Short-Term Debt	$0
Deferred Revenue	$1.4B
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$0
Deferred Revenue NC	$494M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$465M
TOTAL NON-CURRENT LIABILITIES	$958M
TOTAL LIABILITIES	$2.9B
Common Stock	$800.0K
Additional Paid-In Capital	$2.7B
Retained Earnings	$13.2B
Treasury Stock	-$13.0B
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$0
Net Debt	-$538M