Citrix 2012 Annual Report Download - page 70

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F-4
CITRIX SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31,
2012 2011 2010
(In thousands, except per share information)
Revenues:
Product and licenses $ 830,645 $ 744,513 $ 619,452
Software as a service 511,323 430,213 360,617
License updates and maintenance 1,125,094 940,181 835,386
Professional services 119,061 91,485 59,207
Total net revenues 2,586,123 2,206,392 1,874,662
Cost of net revenues:
Cost of product and license revenues 96,962 74,393 66,682
Cost of services and maintenance revenues 227,150 164,465 115,080
Amortization of product related intangible assets 80,025 54,741 50,504
Total cost of net revenues 404,137 293,599 232,266
Gross margin 2,181,986 1,912,793 1,642,396
Operating expenses:
Research and development 450,571 380,674 361,376
Sales, marketing and services 1,060,829 885,066 771,660
General and administrative 245,259 213,673 173,394
Amortization of other intangible assets 34,549 16,390 14,279
Restructuring —24 971
Total operating expenses 1,791,208 1,495,827 1,321,680
Income from operations 390,778 416,966 320,716
Interest income 10,152 13,819 14,577
Other income (expense), net 9,299 (288)(1,473)
Income before income taxes 410,229 430,497 333,820
Income taxes 57,682 74,867 57,379
Consolidated net income 352,547 355,630 276,441
Less: Net loss attributable to non-controlling interest —692 624
Net income attributable to Citrix Systems, Inc. $ 352,547 $ 356,322 $ 277,065
Net income per share attributable to Citrix Systems, Inc.
stockholders:
Net income per share attributable to Citrix Systems, Inc.
stockholders — basic $ 1.89 $ 1.90 $ 1.49
Net income per share attributable to Citrix Systems, Inc.
stockholders — diluted $ 1.86 $ 1.87 $ 1.46
Weighted average shares outstanding:
Basic 186,722 187,315 185,959
Diluted 189,129 190,641 190,335
See accompanying notes.