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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 792,363 $ 260,636
Short-term bank deposits 140,067 106,399
Marketable securities 132,412 59,948
Trade receivables (net of allowance for doubtful debt of $38 and $67 at December 31, 2018 and 2019, respectively) 72,953 48,431
Prepaid expenses and other current assets 8,406 6,349
Total current assets 1,146,201 481,763
LONG-TERM ASSETS:    
Marketable securities 54,408 24,261
Property and equipment, net 16,472 15,120
Intangible assets, net 9,143 14,732
Goodwill 82,400 82,400
Other long-term assets 72,091 31,863
Deferred tax assets 24,451 23,481
Total long-term assets 258,965 191,857
TOTAL ASSETS 1,405,166 673,620
CURRENT LIABILITIES:    
Trade payables 5,675 4,924
Employees and payroll accruals 41,345 32,853
Accrued expenses and other current liabilities 27,132 13,271
Deferred revenues 118,519 92,375
Total current liabilities 192,671 143,423
LONG-TERM LIABILITIES:    
Convertible senior notes, net 485,119
Deferred revenues 71,836 57,159
Other long-term liabilities 31,408 6,268
Total long-term liabilities 588,363 63,427
TOTAL LIABILITIES 781,034 206,850
SHAREHOLDERS' EQUITY:    
Ordinary shares of NIS 0.01 par value - Authorized: 250,000,000 shares at December 31, 2018 and 2019; Issued and outstanding: 36,838,523 shares and 38,043,516 shares at December 31, 2018 and 2019, respectively 99 95
Additional paid-in capital 396,437 303,900
Accumulated other comprehensive income (loss) 818 (939)
Retained earnings 226,778 163,714
Total shareholders' equity 624,132 466,770
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,405,166 $ 673,620