Citrix 2005 Annual Report Download - page 68

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Page฀66
(In฀thousands,฀except฀per฀share฀amounts)
First฀
Quarter
Second฀
Quarter
Third฀
Quarter
Fourth฀
Quarter Total฀Year
2005
฀ Net฀revenues $฀201,890 $฀211,229 $฀226,947 $฀268,656 $฀908,722
฀ Gross฀margin 192,689 199,864 211,031 247,174 850,758
฀ Income฀from฀operations 43,642 49,063 44,793 66,993 204,491
฀ Net฀income 38,560 27,886 40,953 58,941 166,340
฀ Basic฀earnings฀per฀common฀share 0.23 0.16 0.24 0.34 0.97
฀ Diluted฀earnings฀per฀common฀share 0.22 0.16 0.23 0.32 0.93
2004
฀ Net฀revenues $฀161,310 $฀178,302 $฀187,578 $฀213,967 $฀741,157
฀ Gross฀margin 154,040 169,779 178,803 212,112 714,734
฀ Income฀from฀operations 16,697 37,092 46,323 58,879฀(a) 158,991
฀ Net฀income 9,325 31,475 38,448 52,298฀(a) 131,546
฀ Basic฀earnings฀per฀common฀share 0.06 0.18 0.23 0.31(a) 0.78
฀ Diluted฀earnings฀per฀common฀share 0.05 0.18 0.22 0.30฀(a) 0.75
(a)฀ ฀In฀the฀fourth฀quarter,฀the฀Company฀recorded฀a฀reduction฀of฀amortization฀expense฀of฀$4.4฀million,฀net฀of฀related฀tax฀effect฀of฀$2.8฀million,฀resulting฀from฀the฀reclassification฀
of฀certain฀intangible฀assets฀to฀goodwill฀to฀adjust฀the฀purchase฀price฀allocation฀from฀a฀2001฀acquisition.
Citrix฀Systems,฀Inc.
Quarterly฀Financial฀Information฀(Unaudited)
Price฀Range฀of฀Common฀Stock฀and฀Dividend฀Policy
The฀Company’s฀common฀stock฀is฀currently฀traded฀on฀The฀Nasdaq฀National฀Market฀under฀the฀symbol฀“CTXS.”฀The฀following฀table฀
sets฀forth฀the฀high฀and฀low฀closing฀prices฀for฀the฀Company’s฀common฀stock฀as฀reported฀on฀The฀Nasdaq฀National฀Market฀for฀the฀
periods฀indicated,฀as฀adjusted฀to฀the฀nearest฀cent.฀Such฀information฀reflects฀inter-dealer฀prices,฀without฀retail฀markup,฀markdown฀
or฀commission฀and฀may฀not฀represent฀actual฀transactions.
High Low
Year฀Ended฀December฀31,฀2006:
฀ First฀quarter฀(through฀March฀6,฀2006) $฀32.84 $฀29.24
Year฀Ended฀December฀31,฀2005:
฀ Fourth฀quarter $฀29.24 $฀23.80
฀ Third฀quarter $฀25.41 $฀21.40
฀ Second฀quarter $฀25.37 $฀21.34
฀ First฀quarter $฀24.10 $฀21.07
Year฀Ended฀December฀31,฀2004:
฀ Fourth฀quarter $฀25.82 $฀19.07
฀ Third฀quarter $฀19.16 $฀15.09
฀ Second฀quarter $฀23.10 $฀18.86
฀ First฀quarter $฀22.72 $฀18.50
On฀March฀6,฀2006,฀the฀last฀reported฀sale฀price฀of฀the฀Company’s฀common฀stock฀on฀The฀Nasdaq฀National฀Market฀was฀$32.78฀per฀
share.฀As฀of฀March฀6,฀2006,฀there฀were฀approximately฀1,293฀holders฀of฀record฀of฀the฀Company’s฀common฀stock.
The฀Company฀currently฀ intends฀ to฀ retain฀ any฀earnings฀ for฀ use฀in฀ its฀ business,฀for฀ investment฀ in฀acquisitions฀ and฀ to฀repurchase฀
shares฀of฀its฀common฀stock.฀The฀Company฀has฀not฀paid฀any฀cash฀dividends฀on฀its฀capital฀stock฀in฀the฀last฀two฀years฀and฀does฀not฀
currently฀anticipate฀paying฀any฀cash฀dividends฀on฀its฀capital฀stock฀in฀the฀foreseeable฀future.
Market฀for฀Registrant’s฀Common฀Equity,฀Related฀Stockholder฀Matters฀and฀฀
Issuer฀Purchases฀of฀Equity฀Securities