Citrix 2000 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2000 Citrix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

38
CITRIX SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF INCOME
YEAR ENDED DECEMBER 31
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
2000 1999 1998
−−−−−−−− −−−−−−−− −−−−−−−−
(IN THOUSANDS, EXCEPT
PER SHARE INFORMATION)
Net revenues:
Revenues.................................................. $430,548 $363,455 $216,901
Other revenues............................................ 39,898 39,830 31,735
−−−−−−−− −−−−−−−− −−−−−−−−
Total net revenues..................................... 470,446 403,285 248,636
−−−−−−−− −−−−−−−− −−−−−−−−
Cost of revenues:
Cost of revenues (excluding amortization presented
separately below)...................................... 28,483 13,745 13,422
Cost of other revenues.................................... 571 834 3,260
−−−−−−−− −−−−−−−− −−−−−−−−
Total cost of revenues................................. 29,054 14,579 16,682
−−−−−−−− −−−−−−−− −−−−−−−−
Gross margin................................................ 441,392 388,706 231,954
Operating expenses:
Research and development.................................. 50,622 37,363 22,858
Sales, marketing and support.............................. 180,384 121,302 74,855
General and administrative................................ 58,685 37,757 20,131
Amortization of intangible assets......................... 30,395 18,480 10,190
In−process research and development....................... −− 2,300 18,416
Write−down of technology.................................. 9,081 −− −−
−−−−−−−− −−−−−−−− −−−−−−−−
Total operating expenses............................... 329,167 217,202 146,450
−−−−−−−− −−−−−−−− −−−−−−−−
Income from operations...................................... 112,225 171,504 85,504
Interest and other income................................... 39,781 23,843 10,043
Interest expense............................................ (16,989) (12,622) (75)
−−−−−−−− −−−−−−−− −−−−−−−−
Income before income taxes.................................. 135,017 182,725 95,472
Income taxes................................................ 40,505 65,781 34,370
−−−−−−−− −−−−−−−− −−−−−−−−
Net income.................................................. $ 94,512 $116,944 $ 61,102
======== ======== ========
Earnings per common share:
Basic earnings per share.................................. $ 0.51 $ 0.66 $ 0.36
======== ======== ========
Weighted average shares outstanding....................... 184,804 176,260 168,473
======== ======== ========
Earnings per common share −− assuming dilution:
Diluted earnings per share................................ $ 0.47 $ 0.61 $ 0.33
======== ======== ========
Weighted average shares outstanding....................... 199,731 192,566 182,594
======== ======== ========
See accompanying notes.
F−4