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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total revenues      
Total revenues $ 2,414.7 $ 2,329.9 $ 2,166.8
Operating expenses:      
Total cost of revenues 282.6 304.4 258.1
Research and development 368.9 349.9 292.7
Selling and marketing 747.1 675.2 597.8
General and administrative 117.0 116.1 110.7
Total operating expenses 1,515.6 1,445.6 1,259.3
Operating income 899.1 884.3 907.5
Financial income, net 76.5 44.0 42.1
Income before taxes on income 975.6 928.3 949.6
Taxes on income 135.3 131.4 134.0
Net income $ 840.3 $ 796.9 $ 815.6
Basic earnings per ordinary share $ 7.19 $ 6.37 $ 6.13
Number of shares used in computing basic earnings per share 116,913,913 125,205,504 133,121,763
Diluted earnings per ordinary share $ 7.1 $ 6.31 $ 6.08
Number of shares used in computing diluted earnings per share 118,347,749 126,338,989 134,110,048
Products and licenses      
Total revenues      
Total revenues $ 497.4 $ 554.9 $ 513.9
Operating expenses:      
Total cost of revenues [1] 99.3 145.6 110.7
Security subscriptions      
Total revenues      
Total revenues 981.2 858.0 755.2
Operating expenses:      
Total cost of revenues [1] 57.0 41.4 35.9
Software updates and maintenance      
Total revenues      
Total revenues 936.1 917.0 897.7
Operating expenses:      
Total cost of revenues [1] 112.3 105.5 103.0
Amortization of technology      
Operating expenses:      
Total cost of revenues $ 14.0 $ 11.9 $ 8.5
[1] Not including amortization of technology shown separately.