Citrix 2014 Annual Report Download - page 35

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29
Our stock price could be volatile, particularly during times of economic uncertainty and volatility in domestic and
international stock markets, and you could lose the value of your investment.
Our stock price has been volatile and has fluctuated significantly in the past. The trading price of our stock is likely to
continue to be volatile and subject to fluctuations in the future. Your investment in our stock could lose some or all of its value.
Some of the factors that could significantly affect the market price of our stock include:
• actual or anticipated variations in operating and financial results; analyst reports or recommendations;
• rumors, announcements, or press articles regarding our or our competitors’ operations, management, organization,
financial condition, or financial statements; and
• other events or factors, many of which are beyond our control.
The stock market in general, The NASDAQ Global Select Market, and the market for software companies and
technology companies in particular, have experienced extreme price and volume fluctuations. These fluctuations have often
been unrelated or disproportionate to operating performance. These fluctuations may continue in the future and this could
materially and adversely affect the market price of our stock, regardless of operating performance.
Changes or modifications in financial accounting standards may have a material adverse impact on our reported results of
operations or financial condition.
A change or modification in accounting policies can have a significant effect on our reported results and may even affect
our reporting of transactions completed before the change is effective, including the potential impact of the adoption and
implementation of the May 2014 Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No.
2014-09 regarding revenue recognition. New pronouncements and varying interpretations of existing pronouncements have
occurred with frequency and may occur in the future. Changes to existing rules, or changes to the interpretations of existing
rules, could lead to changes in our accounting practices, and such changes could materially adversely affect our reported
financial results or the way we conduct our business.
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 2014 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, 2014:
Enterprise and Service
Provider division Mobility Apps division
(square footage)
Americas 833,934 380,372
EMEA 302,255 107,186
Asia-Pacific 610,222 1,476
Total 1,746,411 489,034
In addition, we own land and buildings in Fort Lauderdale, Florida with approximately 309,000 square feet of office
space used for our corporate headquarters, approximately 40,000 square feet of office space in Goleta, California related to our
Mobility Apps division, and 42,000 square feet of office space in EMEA related to our Enterprise and Service Provider
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.
ITEM 3. LEGAL PROCEEDINGS
In April 2014, John Calma, ostensibly on behalf of Citrix, filed a shareholder derivative complaint against certain of our
directors (and Citrix as a nominal defendant) in the Court of Chancery of the State of Delaware. The complaint alleges breach
of fiduciary duty, waste of corporate assets and unjust enrichment related to stock awards that they received under our director