Check Point Software Technologies Ltd. (NASDAQ:CHKP) Annual Report 2020



The latest annual report of Check Point Software Technologies Ltd. (CHKP) was published on 31 Dec 2020. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - CHKP Annual Results

Amounts in USD

Total Revenue
2.06B
Gross Profit
1.84B
EBIT
904.2M
Net Tangible Assets
2.43B
Net Income
846.6M
Capital Expenditures
-19.3M

CHKP Income Statement 2020 Annual Report

As per the latest Income Statement of CHKP, the Net revenue increased by $70.10M (4%) compared to the previous period. The operating income in 2020 increased by $22.40M (3%). The net income as per the annual report was 846.6M which increased by $20.90M (3%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue2.06B1.99B
Gross Profit1.84B1.78B
Operating Income904.2M881.8M
Income Before Tax970.8M962.4M
Net Income846.6M825.7M

Balance Sheet - CHKP 2020 Annual Report

Read further: CHKP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Check Point Software Technologies Ltd. showed the company reduced the cash on balance sheet by $-23.50M (-8%). The Net tangible assets of CHKP on the balance sheet were at 2.43B which is $-118.60M (-5%) less than previous annual report. The total stockholder equity also decreased by $-102.60M (-3%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash255.7M279.2M
Total Assets5.84B 5.76B
Long Term Debt--
Total Liabilities2.37B 2.2B
Total Shareholder Equity3.47B3.57B
Net Tangible Assets2.43B2.54B

Cash Flow Statement - CHKP 2020 Annual Report

The 2020 annual cash flow statement of Check Point Software Technologies Ltd. showed that the net income increased by $20.90M (3%) compared to previous reporting period. Also the capital expenditure of CHKP increased by $6.60M (25%).

As of 2020, the total cash from investing activities was -98.2M and total cash from financing activities was -1.09B.

Cash Flow Statement Report (2020/2019)

20202019
Net Income846.6M825.7M
Capital Expenditures-19.3M-25.9M
Dividends Paid--
Total Cash From From Investing Activities-98.2M60M
Total Cash From From Financing Activities-1.09B-1.19B

Check Point Software Technologies Ltd. Annual Report History

Income Statement

Income Statement history of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Total Revenue2.06B1.99B1.92B1.85B
Cost Of Revenue219.9M209.8M198.6M210.8M
Gross Profit1.84B1.78B1.72B1.64B
Research Development252.8M239.2M211.5M192.4M
Selling General Administrative681.4M658.4M589.8M525.4M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses1.16B1.11B1B930.8M
Operating Income904.2M881.8M913.8M923.9M
Total Other Income Expense Net66.6M80.6M65.1M47M
Ebit904.2M881.8M913.8M923.9M
Interest Expense-2.2M-2.5M-2.3M-2.1M
Income Before Tax970.8M962.4M978.9M970.9M
Income Tax Expense124.2M136.7M157.6M168M
Minority Interest----
Net Income From Continuing Ops846.6M825.7M821.3M802.9M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income846.6M825.7M821.3M802.9M
Net Income Applicable To Common Shares846.6M825.7M821.3M802.9M

Balance Sheet Statement

Balance Sheet Statement history of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Cash255.7M279.2M303.6M245.01M
Short Term Investments1.43B1.3B1.44B1.17B
Net Receivables560.3M520.2M518.3M492.09M
Total Current Assets2.28B2.13B2.32B1.96B
Long Term Investments2.31B2.37B2.29B2.44B
Property Plant Equipment88.1M87.7M78.5M77.77M
Good Will1B981.9M950.5M812.01M
Intangible Assets38.5M42.8M41M18.39M
Other Assets119.9M149.5M149M153.01M
Deferred Long Term Asset Charges34.4M55.3M84.7M119.43M
Total Assets5.84B5.76B5.83B5.46B
Accounts Payable17.5M15.9M20.7M12.22M
Other Current Liab1.12B1.01B980.2M878.29M
Other Liab798.5M799.4M723.9M655.88M
Total Current Liabilities1.54B1.4B1.33B1.21B
Total Liab2.37B2.2B2.06B1.86B
Common Stock800k800k800k774k
Retained Earnings10.72B9.87B9.04B8.2B
Treasury Stock-9.28B-8.07B-6.87B-5.91B
Capital Surplus2.03B1.77B1.6B1.31B
Other Stockholder Equity40.7M21.7M-24.5M-15.63M
Total Stockholder Equity3.47B3.57B3.77B3.6B
Net Tangible Assets2.43B2.54B2.78B2.77B
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Net Income846.6M825.7M821.3M802.9M
Depreciation20.5M18.4M18M14.5M
Change To Netincome133.1M121.2M121.3M172.9M
Change To Account Receivables-45M-400k-21.8M6.3M
Change To Liabilities96.8M43.9M151.6M113.2M
Change To Operating Activities56.3M55.3M22.1M1.1M
Total Cash From Operating Activities1.16B1.1B1.14B1.11B
Capital Expenditures-19.3M-25.9M-17.2M-28.8M
Investments-55.8M123.5M-157.9M-150M
Total Cashflows From Investing Activities-98.2M60M-330M-178.8M
Total Cash From Financing Activities-1.09B-1.19B-755M-873.2M
Change In Cash-23.5M-24.4M58.6M57.6M
Repurchase Of Stock-1.3B-1.28B-1.11B-1B
Issuance Of Stock216.8M95.3M353.6M127.5M
Dividends Paid----