Citrix 2014 Annual Report Download - page 59

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53
Contractual Obligations and Off-Balance Sheet Arrangement
Contractual Obligations
We have certain contractual obligations that are recorded as liabilities in our consolidated financial statements. Other
items, such as operating lease obligations, are not recognized as liabilities in our consolidated financial statements, but are
required to be disclosed in the notes to our consolidated financial statements.
The following table summarizes our significant contractual obligations at December 31, 2014 and the future periods in
which such obligations are expected to be settled in cash. Additional details regarding these obligations are provided in the
notes to our consolidated financial statements (in thousands):
Payments due by period
Total Less than 1 Year 1-3 Years 3-5 Years More than 5 Years
Operating lease obligations $ 401,180 $ 55,678 $ 93,781 $ 69,926 $ 181,795
Convertible senior notes (1) 1,437,500 1,437,500
Purchase obligations(2) 27,100 27,100 — — —
Total contractual obligations(3) $ 1,865,780 $ 82,778 $ 93,781 $ 1,507,426 $ 181,795
(1) During the second quarter of 2014, we completed a private placement of $1.44 billion principal amount of 0.500%
Convertible Senior Notes due 2019. The amount above represents the principal balance to be repaid. See Note 12 to
our consolidated financial statements included in this Annual Report on Form 10-K for the year ended December 31,
2014 for detailed information on the Convertible Notes offering and the transactions related thereto.
(2) Purchase obligations represent non-cancelable commitments to purchase inventory ordered before year-end of
approximately $10.7 million and a contingent obligation to purchase inventory, which is based on amount of usage, of
approximately $16.4 million.
(3) Total contractual obligations do not include agreements where our commitment is variable in nature or where
cancellations without payment provisions exist and excludes $66.9 million of liabilities related to uncertain tax
positions recorded in accordance with authoritative guidance, because we could not make reasonably reliable
estimates of the period or amount of cash settlement with the respective taxing authorities. See Note 10 to our
consolidated financial statements included in this Annual Report on Form 10-K for the year ended December 31, 2014
for further information.
As of December 31, 2014, we did not have any individually material capital lease obligations or other material long-term
commitments reflected on our consolidated balance sheets.
Off-Balance Sheet Arrangements
We do not have any special purpose entities or off-balance sheet financing arrangements.