Citrix 2009 Annual Report Download - page 133

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Information Concerning Non-GAAP Financial Measures Used in This Annual Report (Unaudited)
GAAP net income for the twelve months ended December 31, 2009 was $191.0 million, and GAAP net income for the
twelve months ended December 31, 2008 was $178.3 million. GAAP diluted earnings per share for the twelve months ended
December 31, 2009 was $1.03. GAAP diluted earnings per share for the twelve months ended December 31, 2008 was
$0.96. Non-GAAP net income and earnings per share for both periods excludes the effects of the amortization of intangible
assets primarily related to business combinations, stock-based compensation expenses, and the tax effects related to those
items. In addition, non-GAAP net income and earnings per share for 2009 excludes charges recorded in connection with the
restructuring program that the company implemented in January 2009, and the tax effects related to those items. Non-GAAP
net income and earnings per share for 2008 also excludes the non-cash benefit related to payroll taxes taken in the fourth
quarter of fiscal 2008 and the write-off of in-process research and development related to business combinations, and the tax
effects related to those items.
GAAP operating margin for the twelve months ended December 31, 2009 was 11.1%. GAAP operating margin for the
twelve months ended December 31, 2008 was 10.7%. Non-GAAP operating margin for both periods excludes the effects of
the amortization of intangible assets primarily related to business combinations and stock-based compensation expenses. In
addition, non-GAAP operating margin for 2009 excludes charges recorded in connection with the restructuring program that
the company implemented in January 2009. Non-GAAP operating margin for 2008 also excludes the non-cash benefit related
to payroll taxes taken in the fourth quarter of fiscal 2008 and the write-off of in-process research and development related to
business combinations.
The following table shows the non-GAAP financial measures used in this Annual Report reconciled to the most directly
comparable GAAP financial measures.
Twelve Months Ended December 31,
2009 2008
GAAP net income $191,017 $178,276
Add: stock-based compensation 111,419 124,615
Add: amortization product related intangible assets 47,917 48,028
Add: amortization of other intangible assets 20,972 22,724
Add: restructuring charges 26,473 -
Add: in-process research and development - 1,140
Less: payroll tax benefit related to stock option
investigation
- (6,428)
Less: tax effects related to above items (63,641) (64,543)
Non-GAAP net income $334,157 $303,812
Twelve Months Ended December 31,
2009 2008
GAAP earnings per share – diluted $1.03 $0.96
Add: stock-based compensation 0.60 0.67
Add: amortization product related intangible assets 0.26 0.26
Add: amortization of other intangible assets 0.11 0.12
Add: restructuring charges 0.14 -
Add: in-process research and development - 0.01
Less: payroll tax benefit related to stock option
investigation
-(0.03)
Less: tax effects related to above items (0.33) (0.36)
Non-GAAP earnings per share – diluted $1.81 $1.63