Citrix 2012 Annual Report Download - page 34

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30
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data is derived from our consolidated financial statements. This data should
be read in conjunction with the consolidated financial statements and notes thereto, and with Item 7, Management’s Discussion
and Analysis of Financial Condition and Results of Operations.
Year Ended December 31,
2012 2011 2010 2009 2008
(In thousands, except per share data)
Consolidated Statements of Income Data:
Net revenues $ 2,586,123 $ 2,206,392 $ 1,874,662 $ 1,614,088 $ 1,583,354
Cost of net revenues(a)(c) 404,137 293,599 232,266 195,197 181,635
Gross margin 2,181,986 1,912,793 1,642,396 1,418,891 1,401,719
Operating expenses(c) 1,791,208 1,495,827 1,321,680 1,240,214 1,231,718
Income from operations 390,778 416,966 320,716 178,677 170,001
Interest income 10,152 13,819 14,577 14,683 31,506
Other income (expense), net 9,299 (288)(1,473) 532 (4,584)
Income before income taxes 410,229 430,497 333,820 193,892 196,923
Income taxes 57,682 74,867 57,379 2,875 18,647
Consolidated net income 352,547 355,630 276,441 191,017 178,276
Less: Net loss attributable to non-controlling
interest — 692 624 — —
Net income attributable to Citrix Systems, Inc. $ 352,547 $ 356,322 $ 277,065 $ 191,017 $ 178,276
Net income per share attributable to Citrix
Systems, Inc. stockholders — diluted(b) $ 1.86 $ 1.87 $ 1.46 $ 1.03 $ 0.96
December 31,
2012 2011 2010 2009 2008
(In thousands)
Consolidated Balance Sheet Data:
Total assets $ 4,796,402 $ 4,099,541 $ 3,703,600 $ 3,091,147 $ 2,694,306
Total equity 3,121,777 2,730,490 2,560,588 2,188,507 1,917,865
(a) Cost of net revenues includes amortization of product related intangible assets of $80.0 million, $54.7 million, $50.5 million, $47.9
million and $48.0 million in 2012, 2011, 2010, 2009 and 2008, respectively.
(b) Our diluted weighted–average shares outstanding primarily fluctuates based on the level of shares issued under our stock-based
compensation programs, stock repurchases made under our stock repurchase program and shares issued in connection with our
acquisitions. See Notes 3, 7 and 8 to our consolidated financial statements included in this Annual Report on Form 10-K for the
year ended December 31, 2012.
(c) As discussed in Note 2 to our consolidated financial statements included in this Annual Report on Form 10-K for the year ended
December 31, 2012, we revised our methodology for allocating certain information technology, or IT, support costs to more closely
align these costs to the employees directly utilizing the related assets and services and to reflect how management assesses the cost
of headcount in 2012. As a result, certain IT support costs have been reclassified from operating expenses to cost of goods sold. All
periods above has been reclassified to conform to current year presentation.