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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 2,064.9 $ 1,994.8 $ 1,916.5
Operating expenses:      
Total cost of revenues 226.5 215.4 201.4
Research and development 252.8 239.2 211.5
Selling and marketing 569.9 552.7 500.9
General and administrative 111.5 105.7 88.9
Total operating expenses 1,160.7 1,113.0 1,002.7
Operating income 904.2 881.8 913.8
Financial income, net 66.6 80.6 65.1
Income before taxes on income 970.8 962.4 978.9
Taxes on income 124.2 136.7 157.6
Net income $ 846.6 $ 825.7 $ 821.3
Basic earnings per ordinary share $ 6.03 $ 5.48 $ 5.24
Diluted earnings per ordinary share $ 5.96 $ 5.43 $ 5.15
Products and licenses      
Revenues:      
Total revenues $ 513.6 $ 510.8 $ 525.6
Operating expenses:      
Total cost of revenues [1] 96.8 90.7 92.0
Security subscriptions      
Revenues:      
Total revenues 671.1 610.3 542.3
Operating expenses:      
Total cost of revenues [1] 26.4 24.6 17.7
Software updates and maintenance      
Revenues:      
Total revenues 880.2 873.7 848.6
Operating expenses:      
Total cost of revenues [1] 96.7 94.5 88.9
Amortization of technology      
Operating expenses:      
Total cost of revenues $ 6.6 $ 5.6 $ 2.8
[1] Not including amortization of technology shown separately.