XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Products and licenses $ 559,026 $ 572,964 $ 555,792
Security subscriptions 480,352 389,885 318,624
Software updates and maintenance 815,280 778,452 755,422
Total revenues 1,854,658 1,741,301 1,629,838
Operating expenses:      
Cost of products and licenses [1] 104,210 105,967 101,158
Cost of security subscriptions [1] 18,869 10,841 7,623
Cost of software updates and maintenance [1] 87,700 83,011 78,468
Amortization of technology 2,184 2,184 1,808
Total cost of revenues 212,963 202,003 189,057
Research and development 192,386 178,372 149,279
Selling and marketing 433,427 420,526 359,804
General and administrative 91,965 88,130 91,981
Total operating expenses 930,741 889,031 790,121
Operating income 923,917 852,270 839,717
Financial income, net 47,029 44,402 34,073
Income before taxes on income 970,946 896,672 873,790
Taxes on income 168,023 171,825 187,924
Net income $ 802,923 $ 724,847 $ 685,866
Basic earnings per ordinary share $ 4.93 $ 4.26 $ 3.83
Diluted earnings per ordinary share $ 4.82 $ 4.18 $ 3.74
[1] Not including amortization of technology shown separately below.