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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 1,994.8 $ 1,916.5 $ 1,854.7
Operating expenses:      
Total cost of revenues 215.4 201.4 213.0
Research and development 239.2 211.5 192.4
Selling and marketing 552.7 500.9 433.4
General and administrative 105.7 88.9 92.0
Total operating expenses 1,113.0 1,002.7 930.8
Operating income 881.8 913.8 923.9
Financial income, net 80.6 65.1 47.0
Income before taxes on income 962.4 978.9 970.9
Taxes on income 136.7 157.6 168.0
Net income $ 825.7 $ 821.3 $ 802.9
Basic earnings per ordinary share $ 5.48 $ 5.24 $ 4.93
Diluted earnings per ordinary share $ 5.43 $ 5.15 $ 4.82
Products and licenses      
Revenues:      
Total revenues $ 510.8 $ 525.6 $ 559.0
Operating expenses:      
Total cost of revenues [1] 90.7 92.0 104.2
Security subscriptions      
Revenues:      
Total revenues 610.3 542.3 480.4
Operating expenses:      
Total cost of revenues [1] 24.6 17.7 18.9
Software updates and maintenance      
Revenues:      
Total revenues 873.7 848.6 815.3
Operating expenses:      
Total cost of revenues [1] 94.5 88.9 87.7
Amortization of technology      
Operating expenses:      
Total cost of revenues $ 5.6 $ 2.8 $ 2.2
[1] Not including amortization of technology shown separately.