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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 245,014 $ 187,428
Short-term bank deposits 450 107,059
Marketable securities 1,165,266 1,078,440
Trade receivables (net of allowances for doubtful accounts and sales reserves of $ 10,889 and $ 14,832 at December 31, 2017 and 2016, respectively) 472,223 478,507
Prepaid expenses and other current assets 81,478 41,021
Total current assets 1,964,431 1,892,455
LONG-TERM ASSETS:    
Marketable securities 2,437,315 2,296,097
Property and equipment, net 77,767 61,859
Deferred tax asset, net 119,431 94,608
Other intangible assets, net 18,395 22,155
Goodwill 812,012 812,012
Other assets 33,575 38,450
Total long-term assets 3,498,495 3,325,181
Total assets 5,462,926 5,217,636
CURRENT LIABILITIES:    
Trade payables 12,222 20,017
Employee compensation accruals 139,848 155,848
Deferred revenues 878,287 814,418
Accrued expenses and other current liabilities 176,568 175,575
Total current liabilities 1,206,925 1,165,858
LONG-TERM LIABILITIES:    
Deferred revenues 308,286 251,166
Income tax accrual 337,453 300,536
Accrued severance pay 10,139 8,953
Total long-term liabilities 655,878 560,655
Total liabilities 1,862,803 1,726,513
SHAREHOLDERS' EQUITY:    
Ordinary shares, NIS 0.01 par value, 500,000,000 shares authorized at December 31, 2017 and 2016; 261,223,970 shares issued at December 31, 2017 and 2016; 159,034,688 and 165,975,204 shares outstanding at December 31, 2017 and 2016, respectively 774 774
Additional paid-in capital 1,305,130 1,139,642
Treasury shares at cost 102,189,282 and 95,248,766 ordinary shares at December 31, 2017 and 2016, respectively (5,893,182) (4,956,172)
Accumulated other comprehensive loss (15,634) (9,250)
Retained earnings 8,203,035 7,316,129
Total shareholders' equity 3,600,123 3,491,123
Total liabilities and shareholders' equity $ 5,462,926 $ 5,217,636