Check Point Software Reports 2023 Third Quarter Financial Results
30 Ottobre 2023 - 11:00AM
Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today
announced its financial results for the third quarter ended
September 30, 2023.
Third Quarter
2023:
- Total Revenues: $596 million, a 3 percent increase year over
year
- Security Subscriptions Revenues: $248 million, a 15 percent
increase year over year
- Deferred Revenues: $1,709 million, a 4 percent increase year
over year
- GAAP Operating Income: $226 million, representing 38 percent of
revenues
- Non-GAAP Operating Income: $269 million, representing 45
percent of revenues
- GAAP EPS: $1.75, a 19 percent increase year over year
- Non-GAAP EPS: $2.07, a 17 percent increase year over year
“Our third quarter performance was strong, marked by a 17
percent increase in earnings per share and a 15 percent rise in
security subscriptions revenues. We achieved total revenues near
the top of our forecast range, with earnings per share hitting the
peak,” stated Gil Shwed, Founder and CEO of Check Point Software.
“In the past 60 days, we’ve successfully completed three
acquisitions, underscoring our security platform leadership. The
acquisition of Perimeter 81 has provided us a single-vendor SASE
solution that delivers twice the speed of competitive solutions
while ensuring industry-leading prevention-first security.”
“Despite the tragic events in Israel over the past three weeks
our global business has continued to operate as planned thanks to
the commitment and dedication of our employees. We introduced
innovative new products, completed acquisitions, and continued to
deliver the highest level of protection and service to our
customers and partners. During this period, we’ve received
incredible support from our employees, customers, partners, and the
investment community. We truly appreciate you standing with us,”
concluded Mr. Shwed.
Financial Highlights for the
Third Quarter of 2023:
- Total Revenues: $596 million compared to $578
million in the third quarter of 2022, a 3 percent increase year
over year.
- GAAP Operating Income: $226 million compared
to $221 million in the third quarter of 2022, representing 38
percent of revenues in the third quarter of 2023 and 2022,
respectively.
- Non-GAAP Operating Income: $269 million
compared to $263 million in the third quarter of 2022, representing
45 percent of revenues in the third quarter of 2023 and 2022,
respectively.
- GAAP Taxes on Income: $39
million compared to $49 million in the third quarter of 2022.
- GAAP Net Income: $205 million compared to $184
million in the third quarter of 2022.
- Non-GAAP Net Income: $242 million compared to
$221 million in the third quarter of 2022.
- GAAP Earnings per Diluted share: $1.75
compared to $1.47 in the third quarter of 2022, a 19 percent
increase year over year.
- Non-GAAP Earnings per Diluted share: $2.07
compared to $1.77 in the third quarter of 2022, a 17 percent
increase year over year.
- Deferred Revenues: As of
September 30, 2023, deferred revenues were $1,709 million compared
to $1,647 million as of September 30, 2022, a 4 percent increase
year over year.
- Cash Balances, Marketable Securities and Short-Term
Deposits: $2,989 million as of September 30, 2023,
compared to $3,570 million as of September 30, 2022.
- Cash Flow: During the quarter we acquired
Perimeter 81, a pioneering Security Service Edge (SSE) company, and
Atmosec, an early-stage SaaS security vendor, for $477 million net
cash consideration. Cash flow from operations was $222 million,
compared to $240 million in the third quarter of 2022. The
operating cash flow for the quarter included a cost of $22
million related to acquisitions.
- Share Repurchase Program: During the third
quarter of 2023, we repurchased approximately 2.48 million shares
at a total cost of approximately $325 million.
For information regarding the non-GAAP financial measures
discussed in this release, as well as a reconciliation of such
non-GAAP financial measures to the most directly comparable GAAP
financial measures, please see “Use of Non-GAAP Financial
Information” and “Reconciliation of GAAP to Non-GAAP Financial
Information.”
Video Conference Information Check Point will
host a video conference with the investment community on October
30, 2023, at 8:30 AM ET/5:30 AM PT. To listen to the live video
cast or replay, please visit the website:
www.checkpoint.com/ir.
Fourth Quarter Investor Conference Participation
Schedule:
- J.P. Morgan RBC Equity Opportunities Forum
November 6-7, 2023, South Beach Miami, FL – 1x1’s
- Stifel Midwest One-on-One Growth Conference
November 9, 2023, Chicago, IL – 1x1’s
- RBC 2023 Technology, Internet, Media &
Telecommunications Conference November 15, 2023, NY, NY –
1x1’s
- 2023 UBS Global Technology Conference November
28, 2023, Scottsdale, AZ – 1x1’s
- Wells Fargo 7th Annual TMT Summit November 29,
2023, Rancho Palos Verdes, CA – 1x1’s
- Jefferies 2023 Security Summit December 5,
2023, SF, CA
- Scotiabank 1st US Technology Conference
December 5, 2023, SF, CA
- Nasdaq 49th Investor Conference December 6,
2023, London, UK
- BTIG Virtual Software Forum December 12, 2023,
Virtual 1x1’s
Members of Check Point's management team
anticipate attending these conferences and events to discuss the
latest company strategies and initiatives. Check Point’s conference
presentations if applicable will be available via webcast on the
company's web site. To hear these presentations and access the most
updated information please visit the company's web site at
www.checkpoint.com/ir. The schedule is subject to change.
To follow this and other Check Point news
visit:
- Twitter: http://www.twitter.com/checkpointsw
- Facebook: http://www.facebook.com/checkpointsoftware
- Blog: http://blog.checkpoint.com/
- YouTube: http://www.youtube.com/user/CPGlobal
-
LinkedIn: https://www.linkedin.com/company/check-point-software-technologies
About Check Point Software Technologies
Ltd.Check Point Software Technologies Ltd.
(www.checkpoint.com) is a leading provider of cybersecurity
solutions to corporate enterprises and governments globally. Check
Point Infinity’s portfolio of solutions protects enterprises and
public organizations from 5th generation cyberattacks with an
industry leading catch rate of malware, ransomware, and other
threats. Infinity comprises four core pillars delivering
uncompromised security and generation V threat prevention across
enterprise environments: Check Point Harmony, for remote users;
Check Point CloudGuard, to automatically secure clouds; and Check
Point Quantum, to protect network perimeters and datacenters, all
controlled by the industry’s most comprehensive, intuitive unified
security management; Check Point Horizon, a prevention-first
security operations suite. Check Point protects over 100,000
organizations of all sizes.
©2023 Check Point Software Technologies Ltd. All
rights reserved
Legal Notice Regarding Forward-Looking
StatementsThis press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of
1934. Forward-looking statements generally relate to
future events or our future financial or operating
performance. Forward-looking statements in this press release
include, but are not limited to, statements related to our
expectations regarding our products and solutions, our expectations
regarding our recent acquisitions and market expansion, our beliefs
regarding our customers’ adoption of our products and solutions,
our expectations regarding the impact of the evolving conflict in
Israel to our ongoing operations, and our participation in investor
conferences during the fourth quarter of 2023. Our expectations and
beliefs regarding these matters may not materialize, and actual
results or events in the future are subject to risks and
uncertainties that could cause actual results or events to differ
materially from those projected. These risks include our
ability to continue to develop platform capabilities and solutions;
customer acceptance and purchase of our existing products and
solutions and new products and solutions; the effects of the
current terrorist attacks by Hamas, and the war and hostilities
between Israel and Hamas and Israel and Hezbollah; the continued
effects on our business of the COVID-19 pandemic; the market for IT
security continuing to develop; competition from other products and
services; and general market, political, economic and business
conditions. The forward-looking statements contained in
this press release are also subject to other risks and
uncertainties, including those more fully described in our filings
with the Securities and Exchange Commission, including our
Annual Report on Form 20-F filed with the Securities and Exchange
Commission on April 27, 2023. The forward-looking statements in
this press release are based on information available to Check
Point as of the date hereof, and Check Point disclaims any
obligation to update any forward-looking statements, except as
required by law.
Use of Non-GAAP Financial Information In
addition to reporting financial results in accordance with
generally accepted accounting principles, or GAAP, Check Point uses
non-GAAP measures of operating income, net income, and earnings per
diluted share, which are adjustments from results based on GAAP to
exclude, as applicable, stock-based compensation expenses,
amortization of intangible assets and acquisition related expenses
and the related tax affects. Check Point’s management believes the
non-GAAP financial information provided in this release is useful
to investors’ understanding and assessment of Check Point’s ongoing
core operations and prospects for the future. Historically, Check
Point has also publicly presented these supplemental non-GAAP
financial measures to assist the investment community to see the
Company “through the eyes of management,” and thereby enhance
understanding of its operating performance. The presentation of
this non-GAAP financial information is not intended to be
considered in isolation or as a substitute for results prepared in
accordance with GAAP. A reconciliation of the non-GAAP financial
measures discussed in this press release to the most directly
comparable GAAP financial measures is included with the financial
statements contained in this press release. Management uses both
GAAP and non-GAAP information in evaluating and operating business
internally and as such has determined that it is important to
provide this information to investors.
CHECK POINT SOFTWARE TECHNOLOGIES
LTD.CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
September 30,
|
|
September 30,
|
|
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
Revenues:
|
|
|
|
|
|
|
|
Products and licenses
|
$
|
114.2
|
|
$
|
132.4
|
|
$
|
339.1
|
|
$
|
381.5
|
Security subscriptions
|
|
248.3
|
|
|
215.5
|
|
|
715.4
|
|
|
627.0
|
Total revenues from products and security subscriptions
|
|
362.5
|
|
|
347.9
|
|
|
1,054.5
|
|
|
1,008.5
|
Software updates and maintenance
|
|
233.8
|
|
|
229.7
|
|
|
696.7
|
|
|
682.9
|
Total revenues
|
|
596.3
|
|
|
577.6
|
|
|
1,751.2
|
|
|
1,691.4
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
Cost of products and licenses
|
|
22.5
|
|
|
35.4
|
|
|
71.3
|
|
|
103.5
|
Cost of security subscriptions
|
|
13.9
|
|
|
11.3
|
|
|
39.8
|
|
|
30.8
|
Total cost of products and security subscriptions
|
|
36.4
|
|
|
46.7
|
|
|
111.1
|
|
|
134.3
|
Cost of Software updates and Maintenance
|
|
27.7
|
|
|
26.1
|
|
|
81.8
|
|
|
77.3
|
Amortization of technology
|
|
3.0
|
|
|
2.9
|
|
|
8.2
|
|
|
9.0
|
Total cost of revenues
|
|
67.1
|
|
|
75.7
|
|
|
201.1
|
|
|
220.6
|
|
|
|
|
|
|
|
|
Research and development
|
|
90.0
|
|
|
86.3
|
|
|
268.9
|
|
|
259.1
|
Selling and marketing
|
|
183.3
|
|
|
166.0
|
|
|
546.6
|
|
|
495.2
|
General and administrative
|
|
29.8
|
|
|
28.3
|
|
|
87.3
|
|
|
86.2
|
Total operating expenses
|
|
370.2
|
|
|
356.3
|
|
|
1,103.9
|
|
|
1,061.1
|
|
|
|
|
|
|
|
|
Operating income
|
|
226.1
|
|
|
221.3
|
|
|
647.3
|
|
|
630.3
|
Financial income, net
|
|
17.7
|
|
|
11.9
|
|
|
58.1
|
|
|
28.7
|
Income before taxes on income
|
|
243.8
|
|
|
233.2
|
|
|
705.4
|
|
|
659.0
|
Taxes on income
|
|
38.8
|
|
|
49.2
|
|
|
114.3
|
|
|
132.0
|
Net income
|
$
|
205.0
|
|
$
|
184.0
|
|
$
|
591.1
|
|
$
|
527.0
|
Basic earnings per share
|
$
|
1.77
|
|
$
|
1.48
|
|
$
|
5.01
|
|
$
|
4.15
|
Number of shares used in computing basic earnings per share
|
|
116.0
|
|
|
124.3
|
|
|
117.9
|
|
|
127.1
|
Diluted earnings per share
|
$
|
1.75
|
|
$
|
1.47
|
|
$
|
4.96
|
|
$
|
4.11
|
Number of shares used in computing diluted earnings per
share
|
|
117.3
|
|
|
125.0
|
|
|
119.2
|
|
|
128.3
|
CHECK POINT SOFTWARE TECHNOLOGIES LTD. SELECTED
FINANCIAL METRICS (Unaudited, in millions, except per
share amounts)
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
September 30,
|
|
September 30,
|
|
|
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$
|
596.3
|
|
$
|
577.6
|
|
$
|
1,751.2
|
|
$
|
1,691.4
|
Non-GAAP operating income
|
|
|
269.0
|
|
|
262.7
|
|
|
770.5
|
|
|
750.0
|
Non-GAAP net income
|
|
|
242.4
|
|
|
221.0
|
|
|
698.6
|
|
|
633.9
|
Diluted Non-GAAP Earnings per share
|
|
$
|
2.07
|
|
$
|
1.77
|
|
$
|
5.86
|
|
$
|
4.94
|
Number of shares used in computing diluted Non-GAAP earnings per
share
|
|
|
117.3
|
|
|
125.0
|
|
|
119.2
|
|
|
128.3
|
CHECK POINT SOFTWARE TECHNOLOGIES
LTD.RECONCILIATION OF GAAP TO NON GAAP FINANCIAL
INFORMATION
(Unaudited, in millions, except per share amounts)
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
September 30,
|
|
September 30,
|
|
|
|
2023
|
|
|
|
2022
|
|
|
|
2023
|
|
|
|
2022
|
|
|
|
|
|
|
|
|
|
|
GAAP operating income
|
|
$
|
226.1
|
|
|
$
|
221.3
|
|
|
$
|
647.3
|
|
|
$
|
630.3
|
|
Stock-based compensation (1)
|
|
|
36.5
|
|
|
|
35.2
|
|
|
|
105.4
|
|
|
|
101.3
|
|
Amortization of intangible assets and acquisition related
expenses (2)
|
|
|
6.4
|
|
|
|
6.2
|
|
|
|
17.8
|
|
|
|
18.4
|
|
Non-GAAP operating income
|
|
$
|
269.0
|
|
|
$
|
262.7
|
|
|
$
|
770.5
|
|
|
$
|
750.0
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
|
|
$
|
205.0
|
|
|
$
|
184.0
|
|
|
$
|
591.1
|
|
|
$
|
527.0
|
|
Stock-based compensation (1)
|
|
|
36.5
|
|
|
|
35.2
|
|
|
|
105.4
|
|
|
|
101.3
|
|
Amortization of intangible assets and acquisition related
expenses (2)
|
|
|
6.4
|
|
|
|
6.2
|
|
|
|
17.8
|
|
|
|
18.4
|
|
Taxes on the above items (3)
|
|
|
(5.5
|
)
|
|
|
(4.4
|
)
|
|
|
(15.7
|
)
|
|
|
(12.8
|
)
|
Non-GAAP net income
|
|
$
|
242.4
|
|
|
$
|
221.0
|
|
|
$
|
698.6
|
|
|
$
|
633.9
|
|
|
|
|
|
|
|
|
|
|
Diluted GAAP Earnings per share
|
|
$
|
1.75
|
|
|
$
|
1.47
|
|
|
$
|
4.96
|
|
|
$
|
4.11
|
|
Stock-based compensation (1)
|
|
|
0.31
|
|
|
|
0.28
|
|
|
|
0.88
|
|
|
|
0.79
|
|
Amortization of intangible assets and acquisition related
expenses (2)
|
|
|
0.06
|
|
|
|
0.05
|
|
|
|
0.15
|
|
|
|
0.14
|
|
Taxes on the above items (3)
|
|
|
(0.05
|
)
|
|
|
(0.03
|
)
|
|
|
(0.13
|
)
|
|
|
(0.10
|
)
|
Diluted Non-GAAP Earnings per share
|
|
$
|
2.07
|
|
|
$
|
1.77
|
|
|
$
|
5.86
|
|
|
$
|
4.94
|
|
|
|
|
|
|
|
|
|
|
Number of shares used in computing diluted Non-GAAP earnings per
share
|
|
|
117.3
|
|
|
|
125.0
|
|
|
|
119.2
|
|
|
|
128.3
|
|
|
|
|
|
|
|
|
|
|
(1) Stock-based compensation:
|
|
|
|
|
|
|
|
|
Cost of products and licenses
|
|
$
|
0.1
|
|
|
$
|
0.1
|
|
|
$
|
0.3
|
|
|
$
|
0.3
|
|
Cost of software updates and maintenance
|
|
|
1.9
|
|
|
|
1.5
|
|
|
|
4.9
|
|
|
|
3.8
|
|
Research and development
|
|
|
12.1
|
|
|
|
11.3
|
|
|
|
34.5
|
|
|
|
32.1
|
|
Selling and marketing
|
|
|
15.0
|
|
|
|
12.1
|
|
|
|
41.1
|
|
|
|
33.5
|
|
General and administrative
|
|
|
7.4
|
|
|
|
10.2
|
|
|
|
24.6
|
|
|
|
31.6
|
|
|
|
|
36.5
|
|
|
|
35.2
|
|
|
|
105.4
|
|
|
|
101.3
|
|
|
|
|
|
|
|
|
|
|
(2) Amortization of intangible assets and acquisition related
expenses:
|
|
|
|
|
|
|
|
|
Amortization of technology-cost of revenues
|
|
|
3.0
|
|
|
|
2.9
|
|
|
|
8.2
|
|
|
|
9.0
|
|
Research and development
|
|
|
1.1
|
|
|
|
2.1
|
|
|
|
5.0
|
|
|
|
6.3
|
|
Selling and marketing
|
|
|
2.3
|
|
|
|
1.2
|
|
|
|
4.6
|
|
|
|
3.1
|
|
|
|
|
6.4
|
|
|
|
6.2
|
|
|
|
17.8
|
|
|
|
18.4
|
|
(3) Taxes on the above items
|
|
|
(5.5
|
)
|
|
|
(4.4
|
)
|
|
|
(15.7
|
)
|
|
|
(12.8
|
)
|
Total, net
|
|
$
|
37.4
|
|
|
$
|
37.0
|
|
|
$
|
107.5
|
|
|
$
|
106.9
|
|
CHECK POINT SOFTWARE TECHNOLOGIES
LTD.CONDENSED CONSOLIDATED BALANCE SHEET
DATA
(In millions)
ASSETS
|
|
|
|
September 30,
|
|
December 31,
|
|
|
|
2023(Unaudited)
|
|
2022(Audited)
|
Current assets:
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
$
|
294.4
|
|
$
|
196.0
|
Marketable securities and short-term deposits
|
|
|
|
1,162.1
|
|
|
1,441.6
|
Trade receivables, net
|
|
|
|
355.0
|
|
|
644.2
|
Prepaid expenses and other current assets
|
|
|
|
53.4
|
|
|
50.0
|
Total current assets
|
|
|
|
1,864.9
|
|
|
2,331.8
|
|
|
|
|
|
|
Long-term assets:
|
|
|
|
|
|
Marketable securities
|
|
|
|
1,532.2
|
|
|
1,865.6
|
Property and equipment, net
|
|
|
|
81.5
|
|
|
82.8
|
Deferred tax asset, net
|
|
|
|
63.5
|
|
|
77.6
|
Goodwill and other intangible assets, net
|
|
|
|
1,760.8
|
|
|
1,295.5
|
Other assets
|
|
|
|
99.0
|
|
|
71.5
|
Total long-term assets
|
|
|
|
3,537.0
|
|
|
3,393.0
|
|
|
|
|
|
|
Total assets
|
|
|
$
|
5,401.9
|
|
$
|
5,724.8
|
LIABILITIES ANDSHAREHOLDERS’
EQUITY
|
Current liabilities:
|
|
|
|
|
|
Deferred revenues
|
|
|
$
|
1,246.3
|
|
|
$
|
1,363.4
|
|
Trade payables and other accrued liabilities
|
|
|
|
475.2
|
|
|
|
475.8
|
|
Total current liabilities
|
|
|
|
1,721.5
|
|
|
|
1,839.2
|
|
|
|
|
|
|
|
Long-term liabilities:
|
|
|
|
|
|
Long-term deferred revenues
|
|
|
|
462.6
|
|
|
|
514.4
|
|
Income tax accrual
|
|
|
|
407.1
|
|
|
|
419.7
|
|
Other long-term liabilities
|
|
|
|
26.5
|
|
|
|
22.2
|
|
|
|
|
|
896.2
|
|
|
|
956.3
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
|
2,617.7
|
|
|
|
2,795.5
|
|
|
|
|
|
|
|
Shareholders’ equity:
|
|
|
|
|
|
Share capital
|
|
|
|
0.8
|
|
|
|
0.8
|
|
Additional paid-in capital
|
|
|
|
2,682.4
|
|
|
|
2,500.7
|
|
Treasury shares at cost
|
|
|
|
(12,733.8
|
)
|
|
|
(11,802.1
|
)
|
Accumulated other comprehensive loss
|
|
|
|
(84.1
|
)
|
|
|
(97.9
|
)
|
Retained earnings
|
|
|
|
12,918.9
|
|
|
|
12,327.8
|
|
Total shareholders’ equity
|
|
|
|
2,784.2
|
|
|
|
2,929.3
|
|
Total liabilities and shareholders’ equity
|
|
|
$
|
5,401.9
|
|
|
$
|
5,724.8
|
|
Total cash and cash equivalents, marketable securities and
short-term deposits
|
|
|
$
|
2,988.7
|
|
|
$
|
3,503.2
|
|
CHECK POINT SOFTWARE TECHNOLOGIES
LTD.SELECTED CONSOLIDATED CASH FLOW
DATA
(Unaudited, in millions)
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
September 30,
|
|
September 30,
|
|
|
2023
|
|
|
|
2022
|
|
|
|
2023
|
|
|
|
2022
|
|
Cash flow from operating activities:
|
|
|
|
|
|
|
|
Net income
|
$
|
205.0
|
|
|
$
|
184.0
|
|
|
$
|
591.1
|
|
|
$
|
527.0
|
|
Adjustments to reconcile net income to net cash provided by
operating activities:
|
|
|
|
|
|
|
|
Depreciation of property and equipment
|
|
5.2
|
|
|
|
6.1
|
|
|
|
17.4
|
|
|
|
16.6
|
|
Amortization of intangible assets
|
|
4.6
|
|
|
|
3.4
|
|
|
|
10.8
|
|
|
|
10.1
|
|
Stock-based compensation
|
|
36.5
|
|
|
|
35.2
|
|
|
|
105.4
|
|
|
|
101.3
|
|
Realized loss on marketable securities
|
|
6.0
|
|
|
|
-
|
|
|
|
6.7
|
|
|
|
-
|
|
Decrease in trade and other receivables, net
|
|
38.1
|
|
|
|
41.0
|
|
|
|
263.3
|
|
|
|
287.9
|
|
Decrease in deferred revenues, trade payables and other accrued
liabilities
|
|
(75.8
|
)
|
|
|
(26.7
|
)
|
|
|
(205.1
|
)
|
|
|
(92.5
|
)
|
Deferred income taxes, net
|
|
2.7
|
|
|
|
(2.7
|
)
|
|
|
9.3
|
|
|
|
(0.4
|
)
|
Net cash provided by operating activities
|
|
222.3
|
|
|
|
240.3
|
|
|
|
798.9
|
|
|
|
850.0
|
|
|
|
|
|
|
|
|
|
Cash flow from investing activities:
|
|
|
|
|
|
|
|
Payment in conjunction with acquisitions, net of acquired
cash
|
|
(455.0
|
)
|
|
|
-
|
|
|
|
(455.0
|
)
|
|
|
(48.3
|
)
|
Investment in property and equipment
|
|
(6.1
|
)
|
|
|
(4.2
|
)
|
|
|
(13.9
|
)
|
|
|
(15.6
|
)
|
Net cash used in investing activities
|
|
(461.1
|
)
|
|
|
(4.2
|
)
|
|
|
(468.9
|
)
|
|
|
(63.9
|
)
|
|
|
|
|
|
|
|
|
Cash flow from financing activities:
|
|
|
|
|
|
|
|
Proceeds from issuance of shares upon exercise of options
|
|
32.6
|
|
|
|
25.0
|
|
|
|
117.7
|
|
|
|
120.4
|
|
Purchase of treasury shares
|
|
(324.6
|
)
|
|
|
(325.0
|
)
|
|
|
(974.4
|
)
|
|
|
(975.0
|
)
|
Payments related to shares withheld for taxes
|
|
(2.1
|
)
|
|
|
(1.6
|
)
|
|
|
(9.8
|
)
|
|
|
(8.1
|
)
|
Net cash used in financing activities
|
|
(294.1
|
)
|
|
|
(301.6
|
)
|
|
|
(866.5
|
)
|
|
|
(862.7
|
)
|
|
|
|
|
|
|
|
|
Unrealized gain (loss) on marketable securities, net
|
|
6.1
|
|
|
|
(41.0
|
)
|
|
|
22.0
|
|
|
|
(137.2
|
)
|
|
|
|
|
|
|
|
|
Decrease in cash and cash equivalents, marketable securities and
short term deposits
|
|
(526.8
|
)
|
|
|
(106.5
|
)
|
|
|
(514.5
|
)
|
|
|
(213.8
|
)
|
|
|
|
|
|
|
|
|
Cash and cash equivalents, marketable securities and short term
deposits at the beginning of the period
|
|
3,515.5
|
|
|
|
3,676.1
|
|
|
|
3,503.2
|
|
|
|
3,783.4
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents, marketable securities and
short term deposits at the end of the period
|
$
|
2,988.7
|
|
|
$
|
3,569.6
|
|
|
$
|
2,988.7
|
|
|
$
|
3,569.6
|
|
INVESTOR CONTACT:
|
MEDIA CONTACT:
|
Kip E. Meintzer
|
Gil Messing
|
Check Point Software
|
Check Point Software
|
+1.650.628.2040
|
+1.650.628.2260
|
ir@checkpoint.com
|
press@checkpoint.com
|
Grafico Azioni Check Point Software Tec... (NASDAQ:CHKP)
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