Citrix 2012 Annual Report Download - page 31

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27
converge certain accounting principles and facilitate more comparable financial reporting between companies who are required
to follow Generally Accepted Accounting Principles, or GAAP, and those who are required to follow International Financial
Reporting Standards, or IFRS. These efforts may result in different accounting principles under GAAP, which may have a
material impact on the way in which we report financial results in areas including, among others, revenue recognition, lease
accounting, and financial statement presentation. We expect the SEC to make a determination in the future regarding the
incorporation of IFRS into the financial reporting system for U.S. companies. A change in accounting principles from GAAP to
IFRS would be costly to implement and may have a material impact on our financial statements and may retroactively
adversely affect previously reported transactions.
ITEM 1B. UNRESOLVED STAFF COMMENTS
We have received no written comments regarding our periodic or current reports from the staff of the Securities and
Exchange Commission that were issued 180 days or more preceding the end of our 2012 fiscal year that remain unresolved.
ITEM 2. PROPERTIES
We lease and sublease office space in the Americas, which is comprised of the United States, Canada and Latin America,
EMEA, which is comprised of Europe, the Middle East and Africa, and Asia-Pacific. The following table presents the location
and square footage of our leased office space by reporting segment as of December 31, 2012:
Enterprise division
Online Services
division
(square footage)
Americas 829,271 407,367
EMEA 369,666 84,969
Asia-Pacific 484,678 2,724
Total 1,683,615 495,060
In addition, we own land and buildings in Fort Lauderdale, Florida with approximately 313,385 square feet of office
space used for our corporate headquarters and 42,000 square feet of office space in EMEA related to our Enterprise division.
We believe that our existing facilities are adequate for our current needs. As additional space is needed in the future, we
believe that suitable space will be available in the required locations on commercially reasonable terms.