Citrix 2009 Annual Report Download - page 117

Download and view the complete annual report

Please find page 117 of the 2009 Citrix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 138

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138

CITRIX SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
primarily of corporate marketing costs, stock-based compensation costs, operations and certain general and
administrative expenses, which are separately managed. Accounting policies of the Company’s segments are the
same as its consolidated accounting policies.
International revenues (sales outside of the United States) accounted for approximately 43.6%, 45.8% and
44.5% of the Company’s net revenues for the year ended December 31, 2009, 2008, and 2007, respectively. Net
revenues and segment profit for 2009, 2008 and 2007 classified by the Company’s reportable segments, are
presented below.
2009 2008 2007
(In thousands)
Net revenues:
Americas .............................................. $ 696,205 $ 670,523 $ 614,181
EMEA ................................................ 480,720 524,465 447,201
Asia-Pacific ............................................ 128,986 128,301 116,816
Online Services division .................................. 308,177 260,065 213,744
Consolidated ........................................... $1,614,088 $1,583,354 $1,391,942
Segment profit (loss):
Americas .............................................. $ 382,330 $ 340,582 $ 295,213
EMEA ................................................ 315,859 337,709 289,590
Asia-Pacific ............................................ 22,526 23,366 30,543
Online Services division .................................. 93,748 76,628 65,032
Unallocated expenses(1):
Amortization of intangibles ............................ (68,889) (70,752) (46,983)
Restructuring ....................................... (26,473) — —
In-process research and development .................... — (1,140) (9,800)
Research and development ............................ (255,275) (262,655) (183,816)
Net interest and other income .......................... 15,215 26,922 48,501
Other corporate expenses ............................. (285,149) (273,737) (237,372)
Consolidated income before income taxes ............ $ 193,892 $ 196,923 $ 250,908
(1) Represents expenses presented to management only on a consolidated basis and not allocated to the
geographic operating segments.
F-37