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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 1,916,475 $ 1,854,658 $ 1,741,301
Operating expenses:      
Total cost of revenues 201,379 212,963 202,003
Research and development 211,523 192,386 178,372
Selling and marketing 500,854 433,427 420,526
General and administrative 88,945 91,965 88,130
Total operating expenses 1,002,701 930,741 889,031
Operating income 913,774 923,917 852,270
Financial income, net 65,066 47,029 44,402
Income before taxes on income 978,840 970,946 896,672
Taxes on income 157,535 168,023 171,825
Net income $ 821,305 $ 802,923 $ 724,847
Basic earnings per ordinary share $ 5.24 $ 4.93 $ 4.26
Diluted earnings per ordinary share $ 5.15 $ 4.82 $ 4.18
Products and licenses      
Revenues:      
Total revenues $ 525,557 $ 559,026 $ 572,964
Operating expenses:      
Total cost of revenues [1] 91,949 104,210 105,967
Security subscriptions      
Revenues:      
Total revenues 542,323 480,352 389,885
Operating expenses:      
Total cost of revenues [1] 17,725 18,869 10,841
Software updates and maintenance      
Revenues:      
Total revenues 848,595 815,280 778,452
Operating expenses:      
Total cost of revenues [1] 88,894 87,700 83,011
Amortization of technology      
Operating expenses:      
Total cost of revenues $ 2,811 $ 2,184 $ 2,184
[1] Not including amortization of technology shown separately below.