Citrix 2009 Annual Report Download - page 59

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In 2009, the Company adopted new accounting rules for acquisitions and future IPR&D will be capitalized.
Interest Income
Year Ended December 31, 2009
Compared to
2008
2008
Compared to
20072009 2008 2007
(In thousands)
Interest income ............................... $14,683 $31,506 $49,704 $(16,823) $(18,198)
Interest income decreased during 2009 as compared to 2008 primarily due to lower interest rates earned on
cash equivalents and investment balances. Interest income decreased during 2008 as compared to 2007
primarily due to lower interest rates earned on cash equivalents and investment balances. For more information
see “— Overview” and “— Liquidity and Capital Resources” and Note 3 to our consolidated financial
statements included in this Annual Report on Form 10-K for the year ended December 31, 2009.
Interest Expense
Year Ended December 31, 2009
Compared to
2008
2008
Compared to
20072009 2008 2007
(In thousands)
Interest expense .............................. $ (426) $ (444) $ (737) $ 18 $ 293
The decrease in interest expense when comparing 2009 to 2008 and comparing 2008 to 2007 is not
significant. For more information see “— Liquidity and Capital Resources” and Note 9 to our consolidated
financial statements included in this Annual Report on Form 10-K for the year ended December 31, 2009.
Other Income (Expense), Net
Year Ended December 31, 2009
Compared to
2008
2008
Compared to
20072009 2008 2007
(In thousands)
Other income (expense), net .................... $ 958 $(4,140) $ (466) $ 5,098 $ (3,674)
Other expense, net is primarily comprised of remeasurement and foreign currency transaction gains (losses),
other-than-temporary declines in the value of our equity investments and debt instruments and realized gains
(losses) on the sale of available-for-sale and trading investments. Other income (expense), net increased when
comparing 2009 to 2008 primarily due to foreign exchange gains related to financial statement remeasurement of
$10.1 million and a decrease in losses on investments that were determined to have an other-than-temporary
decline in value of $1.5 million. These increases were partially offset by losses related to our foreign currency
transactions of $5.7 million. Other income (expense), net decreased when comparing 2008 to 2007 due primarily
to an increase in losses related to our foreign currency transactions and to a lesser extent, impairments of
investments that we determined to have an other-than-temporary decline in fair value partially offset by gains
recorded on an enforceable, non-transferable right to sell our auction rate securities, or the Put Option, recorded
in conjunction with a legal settlement related to our investments in those auction rate securities. Upon recording
the Put Option, we contemporaneously made the fair value election as allowed by the authoritative guidance.
Therefore, the initial recording of the Put Option and subsequent changes in its fair value are recorded in other
income (expense), net. For more information see “— Liquidity and Capital Resources” and Note 4 to our
consolidated financial statements included in this Annual Report on Form 10-K for the year ended December 31,
2009.
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