$CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
CIK:0001015922|SEC Filings
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Cash flows from operating activities: | ||||||
| Net income | $ 1,056.9 | $ 845.7 | $ 840.3 | |||
| Adjustments required to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation of property and equipment | 24.8 | 24.0 | 23.1 | |||
| Amortization of premium and accretion of discount on marketable securities, net | (12.0) | (6.4) | 3.1 | |||
| Realized loss on sale of marketable securities, net | [1] | 6.7 | ||||
| Amortization of intangible assets | 68.1 | 59.6 | 24.3 | |||
| Stock-based compensation | 205.6 | 149.7 | 145.3 | |||
| Amortization of debt discount | 0.4 | 0.0 | 0.0 | |||
| Net gain from financing expenses | (22.8) | 0.0 | 0.0 | |||
| Deferred taxes | (24.1) | (12.1) | (9.5) | |||
| Increase in trade receivables, net | (38.0) | (65.9) | (9.9) | |||
| Increase in prepaid expenses and other assets | (45.3) | (13.0) | (51.1) | |||
| Increase (decrease) in trade payables | (27.1) | 5.4 | 17.9 | |||
| Increase (decrease) in employees and payroll accruals | (14.7) | (2.4) | 26.7 | |||
| Decrease in income tax accrual and accrued expenses and other liabilities | (149.2) | (12.0) | (0.9) | |||
| Increase in deferred revenues | 176.2 | 79.5 | 21.8 | |||
| Other | 0.6 | 0.3 | 0.1 | |||
| Net cash provided by operating activities | 1,199.4 | 1,052.4 | 1,037.9 | |||
| Cash flows from investing activities: | ||||||
| Proceeds from short-term bank deposits | 285.5 | 157.0 | 510.6 | |||
| Proceeds from maturity of marketable securities | 931.9 | 1,084.4 | 1,022.9 | |||
| Proceeds from sale of marketable securities | 6.9 | 22.3 | 491.9 | |||
| Investment in marketable securities | (767.9) | (839.2) | (947.3) | |||
| Investment in short-term bank deposits | (677.2) | (238.5) | (132.0) | |||
| Cash paid in conjunction with acquisitions, net of acquired cash | (273.1) | (185.8) | (458.8) | |||
| Lease prepayment | (159.9) | 0.0 | 0.0 | |||
| Purchase of property and equipment | (26.6) | (24.2) | (18.6) | |||
| Net cash provided by (used in) investing activities | (680.4) | (24.0) | 468.7 | |||
| Cash flows from financing activities: | ||||||
| Proceeds from issuance of treasury shares upon exercise of options | 393.2 | 258.6 | 133.7 | |||
| Proceeds from issuance of convertible senior notes, net | 1,971.7 | 0.0 | 0.0 | |||
| Purchase of capped calls | (192.0) | 0.0 | 0.0 | |||
| Purchase of treasury shares at cost | (1,400.0) | (1,299.9) | (1,287.6) | |||
| Payments related to shares withheld for taxes | (20.9) | (18.6) | (11.0) | |||
| Net cash provided by (used in) financing activities | 752.0 | (1,059.9) | (1,164.9) | |||
| Effect of exchange rate changes on cash and cash equivalents | 22.8 | 0.0 | 0.0 | |||
| Increase (decrease) in cash and cash equivalents | 1,293.8 | (31.5) | 341.7 | |||
| Cash and cash equivalents at the beginning of the year | 506.2 | 537.7 | 196.0 | |||
| Cash and cash equivalents at the end of the year | 1,800.0 | 506.2 | 537.7 | |||
| Supplemental disclosure of cash flow information: | ||||||
| Cash paid during the year for taxes on income | 156.7 | 122.5 | 118.7 | |||
| Non-cash investing activity | ||||||
| Fair value of awards attributable to pre-acquisition services | 4.8 | 3.1 | 1.3 | |||
| Operating lease liabilities arising from obtaining right of use assets | $ 10.7 | $ 12.3 | $ 2.3 | |||
| ||||||
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 1,800.0 | $ 506.2 |
| Short-term bank deposits | 525.7 | 134.0 |
| Marketable securities | 689.2 | 731.7 |
| Trade receivables, net | 769.1 | 728.8 |
| Prepaid expenses and other assets | 180.0 | 92.7 |
| Total current assets | 3,964.0 | 2,193.4 |
| LONG-TERM ASSETS: | ||
| Marketable securities | 1,326.8 | 1,411.9 |
| Property and equipment, net | 82.9 | 80.8 |
| Deferred tax asset, net | 68.3 | 74.7 |
| Intangible assets, net | 214.2 | 201.4 |
| Goodwill | 1,904.3 | 1,695.7 |
| Lease prepayment | 159.9 | 0.0 |
| Other assets | 86.0 | 96.6 |
| Total long-term assets | 3,842.4 | 3,561.1 |
| Total assets | 7,806.4 | 5,754.5 |
| CURRENT LIABILITIES: | ||
| Trade payables | 27.6 | 54.8 |
| Employees and payroll accruals | 229.3 | 241.5 |
| Deferred revenues | 1,530.1 | 1,471.3 |
| Accrued expenses and other liabilities | 149.7 | 176.6 |
| Total current liabilities | 1,936.7 | 1,944.2 |
| LONG-TERM LIABILITIES: | ||
| Convertible senior notes, net | 1,972.1 | 0.0 |
| Deferred revenues | 650.3 | 529.0 |
| Income tax accrual | 329.7 | 459.6 |
| Other liabilities | 35.5 | 32.3 |
| Total long-term liabilities | 2,987.6 | 1,020.9 |
| Total liabilities | 4,924.3 | 2,965.1 |
| SHAREHOLDERS' EQUITY: | ||
| Ordinary shares, NIS 0.01 par value, 500,000,000 shares authorized at December 31, 2025 and 2024; 261,223,970 shares issued at December 31, 2025 and 2024; 105,596,035 and 108,368,523 shares outstanding at December 31, 2025 and 2024, respectively | 0.8 | 0.8 |
| Additional paid-in capital | 3,331.6 | 3,049.5 |
| Treasury shares at cost, 155,627,935 and 152,855,447 ordinary shares at December 31, 2025 and 2024, respectively | (15,555.8) | (14,264.4) |
| Accumulated other comprehensive income (loss) | 34.8 | (10.3) |
| Retained earnings | 15,070.7 | 14,013.8 |
| Total shareholders' equity | 2,882.1 | 2,789.4 |
| Total liabilities and shareholders' equity | $ 7,806.4 | $ 5,754.5 |