6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule
13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of January,
2006
Commission File Number
0-28584
| CHECK
POINT SOFTWARE TECHNOLOGIES LTD. |
|
|
(Translation
of registrant’s name into English) |
| 3A
Jabotinsky Street, Ramat-Gan 52520, Israel |
|
|
(Address
of principal executive offices) |
Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x
Form 40-F o
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): ____
Note: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to
provide an attached annual report to security holders.
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): ____
Note: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a
report or other document that the registrant foreign private issuer must furnish and make
public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under
the rules of the home country exchange on which the registrant’s securities are
traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form 6-K submission or
other Commission filing on EDGAR.
Indicate by check mark whether by
furnishing the information contained in this Form, the registrant is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o
No x
If “Yes” is marked,
indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
FOR IMMEDIATE RELEASE
|
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|
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| Media Contact: |
Investor Contact: |
| Molly Ford |
Anne Marie McCauley |
| Check Point Software Technologies |
Check Point Software Technologies |
| 650.628.2022 |
650.628.2040 |
| press@us.checkpoint.com |
ir@us.checkpoint.com |
CHECK
POINT SOFTWARE REPORTS 2005 FOURTH QUARTER AND ANNUAL
FINANCIAL RESULTS
Fourth
Quarter EPS Increased 21% Year Over Year
Strong Growth in Deferred Revenues
REDWOOD CITY, Calif., –
January 30, 2006 – Check Point® Software Technologies Ltd. (NASDAQ: CHKP),
the worldwide leader in securing the Internet, today announced its financial results for
the fourth quarter and year ended December 31, 2005.
“Check Point’s fourth
quarter business provided a strong finish to the year 2005,” said Gil Shwed, chairman
and chief executive officer of Check Point Software. “Our fourth quarter and annual
2005 financial results reached record levels across earnings per share, revenues, deferred
revenues, and cash balances.”
|
Financial
Highlights for the Fourth Quarter of 2005: |
| — |
Revenues:
$156.1 million, an increase of 9% compared to $143.0 million in the fourth quarter of
2004. |
| — |
Net
Income: $89.2 million, an increase of 17% compared to $76.4 million in the fourth
quarter of 2004. Net income excluding acquisition related charges1 was $90.9
million, an increase of 15% compared to $78.7 million in the fourth quarter of 2004. |
| — |
Earnings
per Diluted Share: $0.36, an increase of 21% compared to $0.30 in the fourth quarter
of 2004. EPS excluding net acquisition related charges was $0.37, an increase of 20%
compared to $0.31 in the fourth quarter of 2004. |
| — |
Deferred
Revenues: $169.0 million, an increase of $24.7 million or 17% over deferred revenues as
of September 30, 2005. |
|
1 “Acquisition
related charges” refer to the impact of the amortization of intangible assets and
stock-based compensation resulting from the acquisition of Zone Labs Inc., in March 2004. |
| — |
Share
Repurchase Program: During the fourth quarter of 2005, Check Point purchased 1.25
million shares at a total cost of approximately $27.5 million. In 2005, the company
purchased a total of 10.6 million shares for a total cost of $237 million. |
|
Financial
Highlights for the Year Ended December 31, 2005: |
| — |
Revenues:
$579.4 million, an increase of 12% compared to $515.4 million for the year ended December
31, 2004. |
| — |
Net
Income: $319.7 million, an increase of 29% compared to $248.4 million for the year
ended December 31, 2004. Net income excluding acquisition related charges was $326.9
million, an increase of 17% compared to $278.7 million for the year ended December 31,
2004. |
| — |
Earnings
per Diluted Share: $1.27, an increase of 33% compared to $0.95 for the year ended
December 31, 2004. EPS excluding net acquisition related charges was $1.30, an increase
of 21% compared to $1.07 for the year ended December 31, 2004. |
| — |
Cash
and Investments Balance: $1.74 billion as of December 31, 2005 |
During the year, Check Point
introduced many products and technologies, as well as continued to expand and unify the
portfolio of security solutions. The company also garnered many awards. Key business
highlights, product introductions and accolades include the following:
|
Business
Highlights and Introductions during 2005 |
| — |
Expanded
Industry’s only Unified Security Architecture – In 2005, Check Point
launched the NGX™ platform, a major upgrade to Check Point’s
core technology. It is the unified security platform for perimeter, internal and Web
security solutions enabling enterprises of all sizes to reduce the cost and complexity of
security and ensure that their security systems can be easily extended to adapt to new
and evolving threats. |
| — |
Internal
Security, Intrusion Prevention & Web Security – During the year we have seen
strong growth in our Web-security and SSL VPN product family, Connectra™,
with revenue growth of over 250% for the year. We have also expanded our internal
security family, InterSpect™ that combines active intrusion
prevention, network zone segmentation and quarantine capabilities. We look forward to
enhancing our technology with the pending acquisition of Sourcefire, Inc. A definitive
agreement was reached in October 2005. We have received US anti-trust approval and we are
waiting for a determination on our pending application with the Committee on Foreign
Investment in the U.S. (CFIUS). |
| — |
New
Product Family for Security Event Management, Eventia™ – In
early 2005, Check Point introduced the new Eventia™ family that
allows IT professionals to collect, analyze, correlate and report on security events, and
enables a higher level of intelligence and protection of the network security. |
| — |
Introduced
New Unified Threat Management (UTM) Solutions: Check Point Express CI™and Safe@Office® 500
appliance series – Check Point has entered the market
for Unified Threat Management Solutions gateways that include in a single product
integrated firewall, VPN, antivirus, intrusion prevention and many other security
technologies. These two product families enable affordable security for small and medium
businesses ranging from $400 to $15,000 per gateway. |
| — |
Expanded
Endpoint Security for Consumers and Enterprises – ZoneAlarm® 6.0 provides
new multi-layered security for consumers and debuted with a new OSFirewall™ and
Anti-Spyware solution to prevent the most dangerous Internet threats including spyware,
rootkits, viruses, and more from invading PCs. Integrity™ delivers
the most complete endpoint security solution, including intrusion prevention, outbound
threat protection, access policy enforcement, advanced server and policy automation, to
proactively protect PCs and enterprise networks from the newest worms, viruses, spyware,
and hacker attacks. |
Partial List of Awards
& Industry Recognitions in 2005:
Recognition by Industry
Analyst Firms:
| — |
Tolly
Group Tests Confirm Check Point Solution Completeness and Lowest TCO – Tests
by the Tolly Group confirmed that Check Point provides the broadest breadth of security
coverage at the lowest Total Cost of Ownership (TCO) for today’s complex security
vulnerabilities in comparison to competing solutions from Cisco and Juniper. |
| — |
Gartner
Group Prestigious Magic Quadrant™ Report Leader – Check Point positioned in
the leader quadrant of Gartner’s Magic Quadrant for Network Firewalls. This report
evaluates both network and application firewall vendors on their ability to execute and
completeness of vision. |
| — |
META
Group Industry Leader Position in METAspectrum™ Report – Check Point was
ranked as a market leader in META Group’s METAspectrum report on Network Intrusion
Control Systems. Of 12 vendors, Check Point ranked the highest for “performance” – a
category that measures the company’s technology, services pricing and financial
standing. |
| — |
Frost
& Sullivan Global Market Leadership for Endpoint Security Solutions – Check
Point, achieved prestigious recognition from Frost & Sullivan that bestowed Check
Point Integrity™ endpoint security solution with their renowned Global Market
Leadership Award for outstanding market share, revenue growth rate, profitability and
market and technology innovation. |
Awards and Recognition
for Check Point’s Partner Program:
|
CMP’s
VARBusiness Magazine: |
| |
š |
Top
Channel Executive: Kevin Maloney, Vice President, Worldwide Sales |
| |
š |
Five-Star
Rating: Check Point Valued Partner Program |
| |
š |
2005
Annual Report Card: Check Point Achieves Exceptional Partner Satisfaction |
|
Computer
Reseller News (UK): |
| |
š |
Security
Vendor Partner of the Year |
Awards for Products
& Technology:
|
Check
Point VPN-1®Pro: the industry’s most proven and secure VPN |
| |
š |
2005
Global Best Enterprise Security Solution and Best Firewall – SC Magazine |
| |
š |
Editor’s
Choice – China Information World |
| |
š |
Best
Firewall/VPN – Computerworld Hong Kong |
| |
š |
Readers
Choice, Best Firewall – Computerworld Malaysia, Computerworld Singapore |
| |
š |
Best
Firewall – Relatorio Bancario, Brazil |
| |
š |
Readers’ Choice,
Best Server/Standalone Firewall – Windows IT Pro |
|
ZoneAlarm® Security
Suite: complete internet protection for consumers |
| |
š |
2005
Global and European Best SOHO Security Solution – SC Magazine, SC Magazine (UK) |
| |
š |
2005
Readers’Choice, Best Desktop Firewall – Windows IT Pro |
| |
š |
Editors’ Choice,
Desktop Security – CNet |
| |
š |
Editors’ Choice,
Best Security Suite – PC Magazine |
| |
š |
Editor’s
Choice, Best Security Suite – LAPTOP Magazine |
|
Check
Point Integrity™: complete solution for securing internal-network endpoint PCs |
| |
š |
2005
European Best Enterprise Security Solution – SC Magazine |
| |
š |
Endpoint
Security Evaluation Winner – Information Security Magazine |
|
Unified
Threat Management (UTM) Solutions for Small and Mid-Size Businesses |
| |
š |
Midmarket
Product of The Year, Check Point Express CI™ – VARBusiness |
| |
š |
Editor’s
Choice, Safe@Office – InformationWeek |
| |
š |
Excellent
Security, Safe@Office – ProtectStar, Germany |
Mr.
Shwed continued, “We’ve continued our expansion in 2005 by
strengthening our Unified Security Architecture and delivering a unique set of
integrated network security solutions for our customers. We believe that our
innovative technology, breadth of solutions and customer acceptance will serve
as the foundation for our future success.”
Conference Call and
Webcast Information
Check Point will host a conference
call with the investment community on January 30, 2006 at 8:30 AM ET/5:30 AM PT. To listen
to the live webcast, please visit Check Point’s website at
http://www.checkpoint.com/ir. A replay of the conference call will be available
through February 13, 2006 at the Company’s website
http://www.checkpoint.com/ir or by telephone at (973) 341-3080, pass code 6888307.
Safe Harbor Statement
Certain statements in this press
release are forward-looking statements. Forward-looking statements include statements
regarding factors driving Check Point’s position as a provider of network security
and position for long-term success, and Check Point’s beliefs regarding the potential
benefits of the pending acquisition of Sourcefire, as well as Check Point’s
expectations regarding the timing of receipt of any regulatory approvals and completion of
the acquisition. These statements pertain to future events, and therefore they are subject
to various risks and uncertainties, and actual results could differ materially from Check
Point’s current expectations and beliefs. Factors that could cause or contribute to
such differences include, but are not limited to: the impact on revenues of economic and
political uncertainties, the impact of political changes and weaknesses in various regions
of the world, including the commencement or escalation of hostilities or acts of
terrorism; the inclusion of network security functionality in third-party hardware or
system software; any foreseen and unforeseen developmental or technological difficulties
with regard to Check Point’s products; changes in the competitive landscape,
including new competitors or the impact of competitive pricing and products; rapid
technological advances and changes in customer requirements to which Check Point is unable
to respond expeditiously, if at all; a shift in demand for products such as Check
Point’s; factors affecting third parties with which Check Point has formed business
alliances; timely availability and customer acceptance of Check Point’s new and
existing products; the parties’ ability to consummate the Sourcefire transaction,
including the ability of the parties to secure the CFIUS approval required for the
transaction on the terms expected or on the anticipated schedule, if at all; unanticipated
expenses associated with the Sourcefire acquisition; the possibility that Check Point may
be unable to achieve all of the benefits of the acquisition within the expected
time-frames or at all and to successfully integrate Sourcefire’s operations and
technology into those of Check Point; operating costs, customer loss and business
disruption (including, without limitation, difficulties in maintaining relationships with
employees, customers, clients or suppliers) may be greater than expected following the
Sourcefire acquisition; and other factors and risks discussed in Check Point’s Annual
Report on Form 20-F for the year ended December 31, 2004, which is on file with the
Securities and Exchange Commission. Check Point assumes no obligation to update
information concerning its expectations.
About Check Point
Software Technologies Ltd.
Check Point Software Technologies
Ltd. (www.checkpoint.com) is a leader in securing the Internet. It is a market
leader in the worldwide enterprise firewall, personal firewall and VPN markets. Through
its NGX platform, the company delivers a unified security architecture for a broad range
of perimeter, internal, Web, and endpoint security solutions that protect business
communications and resources for corporate networks and applications, remote employees,
branch offices and partner extranets. The company’s ZoneAlarm product line is the
highest rated personal computer security suite, comprised of award-winning endpoint
security solutions that protect millions of PCs from hackers, spyware and data theft.
Extending the power of the Check Point solution is its Open Platform for Security (OPSEC),
the industry’s framework and alliance for integration and interoperability with
“best-of-breed” solutions from over 350 leading companies. Check Point solutions
are sold, integrated and serviced by a network of more than 2,200 Check Point partners in
88 countries and its customers include 100% of Fortune 100 companies and tens of thousands
of businesses and organizations of all sizes.
©2003-2005 Check Point Software
Technologies Ltd. All rights reserved.
Check Point, Application
Intelligence, Check Point Express, the Check Point logo, AlertAdvisor, ClusterXL,
Cooperative Enforcement, ConnectControl, Connectra, CoSa, Cooperative Security Alliance,
Eventia, Eventia Analyzer, Eventia Reporter, FireWall-1, FireWall-1 GX, FireWall-1
SecureServer, FloodGate-1, Hacker ID, IMsecure, INSPECT, INSPECT XL, Integrity,
InterSpect, IQ Engine, NGX, Open Security Extension, OPSEC, Policy Lifecycle Management,
Provider-1, Safe@Home, Safe@Office, SecureClient, SecureKnowledge, SecurePlatform,
SecuRemote, SecureXL Turbocard, SecureServer, SecureUpdate, SecureXL, SiteManager-1,
SmartCenter, SmartCenter Pro, Smarter Security, SmartDashboard, SmartDefense, SmartLSM,
SmartMap, SmartUpdate, SmartView, SmartView Monitor, SmartView Reporter, SmartView Status,
SmartViewTracker, SofaWare, SSL Network Extender, Stateful Clustering, TrueVector,
Turbocard, UAM, User-to-Address Mapping, UserAuthority, VPN-1, VPN-1 Accelerator Card,
VPN-1 Edge, VPN-1 Pro, VPN-1 SecureClient, VPN-1 SecuRemote, VPN-1 SecureServer, VPN-1
VSX, VPN-1 XL, Web Intelligence, ZoneAlarm, ZoneAlarm Pro, Zone Labs, and the Zone Labs
logo, are trademarks or registered trademarks of Check Point Software Technologies Ltd. or
its affiliates. All other product names mentioned herein are trademarks or registered
trademarks of their respective owners. The products described in this document are
protected by U.S. Patent No. 5,606,668, 5,835,726, 6,496,935, 6,873,988 and 6,850,943 and
may be protected by other U.S. Patents, foreign patents, or pending applications.
CHECK POINT SOFTWARE
TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share amounts)
|
Three Months Ended
December 31,
|
Year Ended
December 31,
|
|
2005
|
2004
|
2005
|
2004
|
|
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
| |
|
|
|
|
|
|
|
|
|
| Revenues: |
|
|
| |
|
| |
|
| |
|
| |
|
| Products and licenses | | |
$ | 78,978 |
|
$ | 77,142 |
|
$ | 281,364 |
|
$ | 275,677 |
|
| Software subscriptions | | |
| 61,585 |
|
| 53,268 |
|
| 239,319 |
|
| 196,327 |
|
|
| |
| |
| |
| |
| Total product and license revenues | | |
| 140,563 |
|
| 130,410 |
|
| 520,683 |
|
| 472,004 |
|
| Services | | |
| 15,495 |
|
| 12,639 |
|
| 58,667 |
|
| 43,356 |
|
|
| |
| |
| |
| |
| Total revenues | | |
| 156,058 |
|
| 143,049 |
|
| 579,350 |
|
| 515,360 |
|
|
| |
| |
| |
| |
| | | |
| Operating expenses: | | |
| Cost of revenues | | |
| 6,344 |
|
| 5,988 |
|
| 24,718 |
|
| 23,552 |
|
| Research and development | | |
| 12,193 |
|
| 12,015 |
|
| 49,290 |
|
| 43,186 |
|
| Selling and marketing | | |
| 36,271 |
|
| 36,487 |
|
| 140,283 |
|
| 132,796 |
|
| General and administrative | | |
| 5,772 |
|
| 6,050 |
|
| 23,984 |
|
| 23,657 |
|
| Amortization of intangible assets and deferred | | |
| stock compensation | | |
| 2,161 |
|
| 2,783 |
|
| 9,387 |
|
| 8,852 |
|
| Acquisition related in-process R&D | | |
| - |
|
| - |
|
| - |
|
| 23,098 |
|
|
| |
| |
| |
| |
| Total operating expenses | | |
| 62,741 |
|
| 63,323 |
|
| 247,662 |
|
| 255,141 |
|
|
| |
| |
| |
| |
| | | |
| Operating income | | |
| 93,317 |
|
| 79,726 |
|
| 331,688 |
|
| 260,219 |
|
| Financial income, net | | |
| 13,987 |
|
| 11,970 |
|
| 54,177 |
|
| 44,777 |
|
|
| |
| |
| |
| |
| Income before income taxes | | |
| 107,304 |
|
| 91,696 |
|
| 385,865 |
|
| 304,996 |
|
| Income taxes | | |
| 18,067 |
|
| 15,252 |
|
| 66,181 |
|
| 56,603 |
|
|
| |
| |
| |
| |
| Net income | | |
$ | 89,237 |
|
$ | 76,444 |
|
$ | 319,684 |
|
$ | 248,393 |
|
|
| |
| |
| |
| |
| Net income excluding in-process R&D and amortization | | |
| of intangible assets and deferred stock compensation | | |
$ | 90,857 |
|
$ | 78,684 |
|
$ | 326,905 |
|
$ | 278,717 |
|
|
| |
| |
| |
| |
| | | |
| Earnings per share (basic) | | |
$ | 0.36 |
|
$ | 0.31 |
|
$ | 1.30 |
|
$ | 0.99 |
|
|
| |
| |
| |
| |
| Number of shares used in computing earnings per share | | |
| (basic) | | |
| 244,517 |
|
| 248,585 |
|
| 245,520 |
|
| 251,244 |
|
|
| |
| |
| |
| |
| | | |
| Earnings per share (fully diluted) | | |
$ | 0.36 |
|
$ | 0.30 |
|
$ | 1.27 |
|
$ | 0.95 |
|
|
| |
| |
| |
| |
| Earnings per share (fully diluted) excluding | | |
| in-process R&D and amortization of intangible assets | | |
| and deferred stock compensation | | |
$ | 0.37 |
|
$ | 0.31 |
|
$ | 1.30 |
|
$ | 1.07 |
|
|
| |
| |
| |
| |
| Number of shares used in computing earnings per share | | |
| (fully diluted) | | |
| 248,585 |
|
| 257,459 |
|
| 251,747 |
|
| 260,608 |
|
|
| |
| |
| |
| |
CHECK POINT SOFTWARE
TECHNOLOGIES LTD.
SELECTED CONSOLIDATED BALANCE SHEET DATA
(In thousands)
ASSETS
|
December 31,
2005
|
December 31,
2004
|
|
(unaudited) |
(unaudited) |
| |
|
|
|
|
|
|
|
|
| Current Assets: |
|
|
| |
|
| |
|
| Cash and cash equivalents | | |
$ | 298,531 |
|
$ | 162,444 |
|
| Marketable securities | | |
| 1,052,070 |
|
| 791,799 |
|
| Trade receivables, net | | |
| 127,129 |
|
| 96,006 |
|
| Other receivables and prepaid expenses | | |
| 20,646 |
|
| 20,517 |
|
|
| |
| |
| Total current assets | | |
| 1,498,376 |
|
| 1,070,766 |
|
|
| |
| |
| | | |
| Long-term assets: | | |
| Long-term investments | | |
| 386,753 |
|
| 623,045 |
|
| Other long-term assets | | |
| 875 |
|
| 867 |
|
| Property and equipment, net | | |
| 7,665 |
|
| 8,144 |
|
| Intangible assets | | |
| 20,215 |
|
| 25,857 |
|
| Goodwill | | |
| 174,295 |
|
| 175,536 |
|
| Deferred income taxes, net | | |
| 5,650 |
|
| 8,439 |
|
|
| |
| |
| Total long-term assets | | |
| 595,453 |
|
| 841,888 |
|
|
| |
| |
| | | |
| Total assets | | |
$ | 2,093,829 |
|
$ | 1,912,654 |
|
|
| |
| |
| | | |
| | | |
LIABILITIES AND
SHAREHOLDERS' EQUITY |
| | | |
| | | |
| Current liabilities: | | |
| Deferred revenues | | |
$ | 168,998 |
|
$ | 141,114 |
|
| Trade payables and other accrued liabilities | | |
| 136,872 |
|
| 137,932 |
|
|
| |
| |
| Total current liabilities | | |
| 305,870 |
|
| 279,046 |
|
|
| |
| |
| | | |
| Accrued severance pay, net | | |
| 3,271 |
|
| 2,784 |
|
|
| |
| |
| | | |
| Total liabilities | | |
| 309,141 |
|
| 281,830 |
|
|
| |
| |
| | | |
| Shareholders' Equity: | | |
| Share capital | | |
| 774 |
|
| 771 |
|
| Additional paid-in capital | | |
| 386,544 |
|
| 369,452 |
|
| Deferred stock based compensation | | |
| (2,831 |
) |
| (10,342 |
) |
| Treasury shares | | |
| (380,834 |
) |
| (244,586 |
) |
| Retained earnings | | |
| 1,781,035 |
|
| 1,515,529 |
|
|
| |
| |
| Total shareholders' equity | | |
| 1,784,688 |
|
| 1,630,824 |
|
|
| |
| |
| Total liabilities and shareholders' equity | | |
$ | 2,093,829 |
|
$ | 1,912,654 |
|
|
| |
| |
| Total cash and cash equivalents and marketable | | |
| securities | | |
| 1,737,354 |
|
| 1,577,288 |
|
|
| |
| |
CHECK POINT SOFTWARE TECHNOLOGIES
LTD.
SELECTED CONSOLIDATED CASH FLOW DATA
(In thousands)
|
Three Months Ended
December 31, |
Year Ended
December 31, |
|
2005
|
2004
|
2005
|
2004
|
|
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
| |
|
|
|
|
|
|
|
|
|
| Cash flow from operating activities: |
|
|
| |
|
| |
|
| |
|
| |
|
| Net income | | |
$ | 89,237 |
|
$ | 76,444 |
|
$ | 319,684 |
|
$ | 248,393 |
|
| Adjustments to reconcile net income to net cash provided by | | |
| operating activities: | | |
| Depreciation and amortization | | |
| 1,371 |
|
| 1,382 |
|
| 5,352 |
|
| 5,519 |
|
| Increase in trade and other receivables, net | | |
| (44,777 |
) |
| (23,233 |
) |
| (31,451 |
) |
| (20,644 |
) |
| | | |
| Increase in trade payables and other accrued liabilities | | |
| 27,467 |
|
| 14,865 |
|
| 28,402 |
|
| 17,868 |
|
| Other adjustments | | |
| 6,028 |
|
| 1,285 |
|
| 15,552 |
|
| 1,426 |
|
| Amortization of intangible assets and deferred stock | | |
| compensation | | |
| 2,161 |
|
| 2,783 |
|
| 9,387 |
|
| 8,852 |
|
| Acquisition related in-process R&D | | |
| - |
|
| - |
|
| - |
|
| 23,098 |
|
|
| |
| |
| |
| |
| Net cash provided by operating activities | | |
| 81,487 |
|
| 73,526 |
|
| 346,926 |
|
| 284,512 |
|
|
| |
| |
| |
| |
| | | |
| Cash flow from investing activities: | | |
| Cash paid in conjunction with the acquisition of Zone Labs, net | | |
| - |
|
| - |
|
| - |
|
| (95,343 |
) |
| Investment in property and equipment | | |
| (1,392 |
) |
| (1,169 |
) |
| (4,873 |
) |
| (4,500 |
) |
|
| |
| |
| |
| |
| Net cash used in investing activities | | |
| (1,392 |
) |
| (1,169 |
) |
| (4,873 |
) |
| (99,843 |
) |
|
| |
| |
| |
| |
| | | |
| Cash flow from financing activities: | | |
| Proceeds from issuance of shares upon exercise of options | | |
| 11,937 |
|
| 10,992 |
|
| 54,942 |
|
| 34,481 |
|
| Purchase of treasury shares | | |
| (27,466 |
) |
| (44,349 |
) |
| (236,929 |
) |
| (244,586 |
) |
|
| |
| |
| |
| |
| Net cash used in financing activities | | |
| (15,529 |
) |
| (33,357 |
) |
| (181,987 |
) |
| (210,105 |
) |
|
| |
| |
| |
| |
| | | |
| Increase (decrease) in cash and cash equivalents, deposits and | | |
| marketable securities | | |
| 64,566 |
|
| 39,000 |
|
| 160,066 |
|
| (25,436 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents, deposits and marketable securities | | |
| at the beginning of the period | | |
| 1,672,788 |
|
| 1,538,288 |
|
| 1,577,288 |
|
| 1,602,724 |
|
|
| |
| |
| |
| |
| Cash and cash equivalents and marketable securities at the end | | |
| of the period | | |
| 1,737,354 |
|
| 1,577,288 |
|
| 1,737,354 |
|
| 1,577,288 |
|
|
| |
| |
| |
| |
Signatures
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
| January 30, 2006 |
|
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
BY: /S/ Eyal Desheh
——————————————
Eyal Desheh
Executive Vice President & Chief Financial Office |