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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 192,312 $ 261,970
Short-term bank deposits 7,034 7,343
Marketable securities 1,084,881 1,043,149
Trade receivables (net of allowances for doubtful accounts and sales reserves of $ 16,231 and $ 18,546 at December 31, 2015 and 2014, respectively) 410,763 366,700
Prepaid expenses and other current assets 40,844 34,498
Total current assets 1,735,834 1,713,660
LONG-TERM ASSETS:    
Marketable securities 2,331,187 2,370,471
Property and equipment, net 48,692 41,549
Severance pay fund 5,262 5,491
Deferred tax asset, net 65,711 48,543
Other intangible assets, net 26,008 14,085
Goodwill 812,012 727,875
Other assets 45,174 27,144
Total long-term assets 3,334,046 3,235,158
Total assets 5,069,880 4,948,818
CURRENT LIABILITIES:    
Trade payables 17,833 12,586
Employees and payroll accruals 134,505 117,807
Deferred revenues 717,528 651,281
Accrued expenses and other current liabilities 186,987 151,161
Total current liabilities 1,056,853 932,835
LONG-TERM LIABILITIES:    
Deferred revenues 188,255 132,732
Income tax accrual 283,215 235,705
Deferred tax liability, net 240 504
Accrued severance pay 9,451 9,483
Total long-term liabilities 481,161 378,424
Total liabilities $ 1,538,014 $ 1,311,259
SHAREHOLDERS' EQUITY:    
Preferred shares, NIS 0.01 par value, 5,000,000 shares authorized at December 31, 2015 and 2014; no shares issued and outstanding at December 31, 2015 and 2014
Ordinary shares, NIS 0.01 par value, 500,000,000 shares authorized at December 31, 2015 and 2014; 261,223,970 shares issued at December 31, 2015 and 2014; 174,901,523 and 183,790,953 shares outstanding at December 31, 2015 and 2014, respectively $ 774 $ 774
Additional paid-in capital 987,331 859,124
Treasury shares at cost - 86,322,447 and 77,433,017 ordinary shares at December 31, 2015 and 2014, respectively (4,043,271) (3,126,685)
Accumulated other comprehensive loss (4,250) (1,070)
Retained earnings 6,591,282 5,905,416
Total shareholders' equity 3,531,866 3,637,559
Total liabilities and shareholders' equity $ 5,069,880 $ 4,948,818