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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 187,428 $ 192,312
Short-term bank deposits 107,059 7,034
Marketable securities 1,078,440 1,084,881
Trade receivables (net of allowances for doubtful accounts and sales reserves of $ 14,832 and $ 16,231 at December 31, 2016 and 2015, respectively) 478,507 410,763
Prepaid expenses and other current assets 41,021 40,844
Total current assets 1,892,455 1,735,834
LONG-TERM ASSETS:    
Marketable securities 2,296,097 2,331,187
Property and equipment, net 61,859 48,692
Severance pay fund 4,617 5,262
Deferred tax asset, net 94,608 65,711
Other intangible assets, net 22,155 26,008
Goodwill 812,012 812,012
Other assets 33,833 45,174
Total long-term assets 3,325,181 3,334,046
Total assets 5,217,636 5,069,880
CURRENT LIABILITIES:    
Trade payables 20,017 17,833
Employee compensation accruals 155,848 134,505
Deferred revenues 814,418 717,528
Accrued expenses and other current liabilities 175,575 186,987
Total current liabilities 1,165,858 1,056,853
LONG-TERM LIABILITIES:    
Deferred revenues 251,166 188,255
Income tax accrual 300,536 283,215
Deferred tax liability, net   240
Accrued severance pay 8,953 9,451
Total long-term liabilities 560,655 481,161
Total liabilities 1,726,513 1,538,014
SHAREHOLDERS' EQUITY:    
Preferred shares, NIS 0.01 par value, 5,000,000 shares authorized at December 31, 2016 and 2015; no shares issued and outstanding at December 31, 2016 and 2015
Ordinary shares, NIS 0.01 par value, 500,000,000 shares authorized at December 31, 2016 and 2015; 261,223,970 shares issued at December 31, 2016 and 2015; 165,975,204 and 174,901,523 shares outstanding at December 31, 2016 and 2015, respectively 774 774
Additional paid-in capital 1,139,642 987,331
Treasury shares at cost - 95,248,766 and 86,322,447 ordinary shares at December 31, 2016 and 2015, respectively (4,956,172) (4,043,271)
Accumulated other comprehensive loss (9,250) (4,250)
Retained earnings 7,316,129 6,591,282
Total shareholders' equity 3,491,123 3,531,866
Total liabilities and shareholders' equity $ 5,217,636 $ 5,069,880