Citrix 2012 Annual Report Download - page 86

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F-20
The following unaudited pro-forma information combines the consolidated results of operations of the Company, Podio,
Bytemobile, and the 2012 Other Acquisitions as if the acquisitions had occurred at the beginning of fiscal year 2011 (in
thousands, except per share data):
Year Ended December 31,
2012 2011
Revenues $ 2,603,284 $ 2,252,182
Income from operations 337,735 306,506
Net income 316,916 282,699
Per share - basic 1.70 1.51
Per share - diluted 1.68 1.48
2011 Acquisitions
Netviewer AG
In February 2011, the Company acquired all of the issued and outstanding securities of Netviewer AG ("Netviewer”), a
privately held European SaaS vendor in collaboration and IT services. Netviewer became part of the Company’s Online
Services division and the acquisition enables the extension of its Online Services business in Europe. The total consideration
for this transaction was approximately $107.5 million, net of $6.3 million of cash acquired, and was paid in cash. Transaction
costs associated with the acquisition were approximately $3.1 million, of which the Company expensed $1.1 million and $2.0
million during the years ended December 31, 2011 and 2010, respectively, and are included in general and administrative
expense in the accompanying consolidated statement of income. The Company recorded approximately $98.7 million of
goodwill, which is not deductible for tax purposes, and acquired $28.8 million of identifiable intangible assets, of which $3.2
million is related to product related intangible assets and $25.6 million is related to other intangible assets. In addition, in
connection with the acquisition, the Company assumed non-vested stock units which were converted into the right to receive up
to 99,100 shares of the Company's common stock, for which the vesting period reset fully upon the closing of the transaction.
Cloud.com
In July 2011, the Company acquired all of the issued and outstanding securities of Cloud.com, Inc. ("Cloud.com"), a
privately held provider of software infrastructure platforms for cloud providers. Cloud.com became part of the Company’s
Enterprise division and the acquisition further establishes the Company as a leader in infrastructure for the growing cloud
provider market. The total consideration for this transaction was approximately $158.8 million, net of $5.6 million of cash
acquired, and was paid in cash. Transaction costs associated with the acquisition were approximately $2.9 million, all of which
the Company expensed during the year ended December 31, 2011, and are included in general and administrative expense in
the accompanying consolidated statements of income. The Company recorded approximately $98.3 million of goodwill, which
is not deductible for tax purposes, and acquired $89.0 million of identifiable intangible assets, of which $58.0 million is related
to product related intangible assets and $31.0 million is related to other intangible assets. In addition, in connection with the
acquisition, the Company assumed non-vested stock units which were converted into the right to receive up to 288,742 shares
of the Company's common stock and certain stock options which are exercisable for 183,780 shares of the Company's common
stock, for which the vesting period reset fully upon the closing of the transaction.
ShareFile
In October 2011, the Company acquired all of the issued and outstanding securities of ShareFile, a privately held provider
of secure data sharing and collaboration solutions. ShareFile initially became part of the Company's Enterprise division, and in
the first quarter of 2012 it was transferred to the Company's Online Services division. The total consideration for this
transaction was approximately $54.0 million, net of $1.7 million of cash acquired, and was paid in cash. Transaction costs
associated with the acquisition were approximately $0.7 million, all of which the Company expensed during the year ended
December 31, 2011, and are included in general and administrative expense in the accompanying consolidated statements of
income. The Company recorded approximately $49.3 million of goodwill, which is not deductible for tax purposes, and
acquired $28.2 million of identifiable intangible assets, of which $16.0 million is related to product related intangible assets and
$12.2 million is related to other intangible assets. In addition, in connection with the acquisition, the Company assumed non-
vested stock units which were converted into the right to receive up to 180,697 shares of the Company's common stock and
assumed certain stock options which are exercisable for 390,775 shares of the Company's common stock, for which the vesting
period reset fully upon the closing of the transaction.
CITRIX SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS