Financial Information
FINANCIAL INFORMATION
Initial Public Offering: June 28, 1996
NASDAQ: CHKP
| Revenue | Earnings per Share - GAAP (Diluted) |
Earnings per Share - Non-GAAP* (Diluted) |
|---|---|---|
| Q2 08 Revenue: $199.6 million | $0.36 | $0.43* |
| Q1 08 Revenue: $191.6 million | $0.36 | $0.43* |
| FY 07 Revenue: $730.9 million | $1.25 | $1.59* |
| FY 06 Revenue: $575.1 million | $1.17 | $1.35* |
| FY 05 Revenue: $579.4 million | $1.27 | $1.30* |
| FY 04 Revenue: $515.4 million | $0.95 | $1.07* |
| FY 03 Revenue: $432.6 million | $0.96 | $0.96 |
| FY 02 Revenue: $427.0 million | $1.00 | $1.00 |
| FY 01 Revenue: $527.6 million | $1.25 | $1.25 |
| FY 00 Revenue: $425.3 million | $0.84 | $0.84 |
| FY 99 Revenue: $219.6 million | $0.39 | $0.39 |
| FY 98 Revenue: $141.9 million | $0.30 | $0.30 |
| FY 97 Revenue: $86.4 million | $0.17 | $0.17 |
| FY 96 Revenue: $34.6 million | $0.07 | $0.07 |
| FY 95 Revenue: $10.1 million | $0.02 | $0.02 |
Annual Financial Results
(Millions of $US)
(Millions of $US)
*Presented in Non-GAAP format. Financials exclude amortization of intangible assets, acquisition related expenses and stock-based compensation.
Reconciliation of Non-GAAP to GAAP Financial Information
| 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|
| Revenues | $432.6 | $515.4 | $579.4 | $575.1 | $730.9 |
| Net Income (GAAP) | $243.9 | $248.4 | $319.7 | $278.0 | $281.1 |
| Stock based compensation (1) | 4.6 | 3.8 | 36.4 | 34.1 | |
| Amortization of intangible assets and acquisition related expenses (2) | 4.2 | 5.6 | 6.9 | 40.0 | |
| Acquisition related in process R&D | 23.1 | 1.1 | 17.0 | ||
| Taxes on stock-based compensation & amortization of intangible assets & acquisition related expenses (3) | ($1.6) | ($2.2) | ($2.2) | ($13.4) | |
| Net Income (Non GAAP) | $243.9 | $278.7 | $326.9 | $320.3 | $358.7 |
| EPS (Fully diluted) GAAP | $0.96 | $0.95 | $1.27 | $1.17 | $1.25 |
| Stock based compensation (1) | $0.02 | $0.02 | $0.15 | $0.15 | |
| Amortization of intangible assets and acquisition related expenses (2) | $0.02 | $0.02 | $0.03 | $0.18 | |
| Acquisition related in process R&D | $0.09 | $0.00 | $0.00 | $0.08 | |
| Taxes on stock-based compensation & amortization of intangible assets & acquisition related expenses (3) | ($0.01) | ($0.01) | ($0.01) | ($0.06) | |
| EPS (Fully diluted) Non GAAP | $0.96 | $1.07 | $1.30 | $1.35 | $1.59 |
| (1) Stock based compensation | |||||
| Cost of Licences and Products | 0.2 | 0.0 | 0.1 | ||
| Cost of Software updates, maintenance and services | 0.2 | 0.2 | 0.5 | 0.7 | |
| Research and development | 1.3 | 1.2 | 9.4 | 4.3 | |
| Sales and marketing | 2.7 | 1.8 | 8.0 | 8.8 | |
| General and administrative | 0.4 | 0.3 | 18.5 | 20.2 | |
| Total | 4.6 | 3.7 | 36.4 | 34.1 | |
| (2) Amortization of intangible assets and acquisition related expenses | |||||
| Cost of Licences and Products | 4.1 | 5.4 | 5.4 | 27.7 | |
| Research and development | 0.0 | 0.0 | |||
| Sales and marketing | 0.1 | 0.2 | 0.6 | 12.3 | |
| General and administrative | 0.9 | 0.0 | |||
| Subtotal before taxes (2) | 4.2 | 5.6 | 6.9 | 40.0 | |
| (3) Taxes on stock-based compensation and amortization of intangible assets and acquisition related expenses | |||||
| ($1.6) | ($2.2) | ($2.2) | ($13.4) | ||