CHKP Q2 2019 Earnings Report — Check Point Software Technologies Ltd. Revenue & Financial Results | Market Cap Arena

Check Point Software Technologies Ltd.CHKP

Q2 2019 Earnings

Reported June 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$488M	$472M	$468M	3.5%	4.3%
Op. Income	$213M	$206M	$224M	3.1%	-5.1%
Gross Margin	89.3%	89.6%	89.6%	-0.4pp	-0.3pp
Net Margin	38.0%	38.1%	42.3%	-0.1pp	-4.3pp
EPS (Diluted)	$1.21	$1.15	$1.24	5.2%	-2.4%
Free Cash Flow	$228M	$369M	$208M	-38.3%	9.3%

Revenue Flow

Item	Amount
REVENUE	$488M
Cost of Revenue	$52M
GROSS PROFIT	$436M
R&D Expenses	$59M
Selling & Marketing	$138M
General & Administrative	$26M
SG&A Expenses	$164M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$276M
OPERATING INCOME	$213M
Interest Income	$21M
Interest Expense	$0
Other Income/Expenses	$21M
INCOME BEFORE TAX	$233M
Income Tax Expense	$48M
Net Income from Continuing Ops	$186M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$186M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$186M
D&A	$5M
EBIT	$213M
EBITDA	$218M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$488M
Cost of Revenue	$52M
GROSS PROFIT	$436M
R&D Expenses	$59M
Selling & Marketing	$138M
General & Administrative	$26M
SG&A Expenses	$164M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$276M
OPERATING INCOME	$213M
Interest Income	$21M
Interest Expense	$0
Other Income/Expenses	$21M
INCOME BEFORE TAX	$233M
Income Tax Expense	$48M
Net Income from Continuing Ops	$186M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$186M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$186M
D&A	$5M
EBIT	$213M
EBITDA	$218M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$186M
Depreciation & Amortization	$5M
Stock-Based Compensation	$26M
Deferred Income Tax	$3M
Other Non-Cash Items	$0
Change in Working Capital	$13M
OPERATING CASH FLOW	$233M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	$0
Common Stock Repurchased	-$325M
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$318M
FREE CASH FLOW	$228M
Net Change in Cash	-$65M

Balance Sheet

Item	Amount
Cash & Equivalents	$249M
Short-Term Investments	$1.4B
Net Receivables	$321M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$86M
Goodwill	$0
Intangible Assets	$994M
Long-Term Investments	$2.5B
Tax Assets	$66M
Other Non-Current Assets	$91M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$5.7B
Account Payables	$359M
Short-Term Debt	$0
Deferred Revenue	$940M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$0
Deferred Revenue NC	$347M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$441M
TOTAL NON-CURRENT LIABILITIES	$788M
TOTAL LIABILITIES	$2.1B
Common Stock	$774.0K
Additional Paid-In Capital	$1.7B
Retained Earnings	$9.4B
Treasury Stock	-$7.5B
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$0
Net Debt	-$249M