Citrix 2000 Annual Report Download - page 61

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59
CITRIX SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS −− (CONTINUED)
European and Asia Pacific customers, respectively, from its warehouse location
in Europe. Shipments from the United States were as follows:
YEARS ENDED DECEMBER 31
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
2000 1999 1998
−−−−−−− −−−−−−− −−−−−−−
(IN THOUSANDS)
EMEA.................................................. $ −− $60,590 $64,130
Asia Pacific.......................................... 11,249 20,202 10,762
Other................................................. 7,274 6,289 2,760
−−−−−−− −−−−−−− −−−−−−−
$18,523 $87,081 $77,652
======= ======= =======
The Company had net revenue attributed to individual customers in excess of
10% of total net sales as follows:
YEAR ENDED DECEMBER 31
−−−−−−−−−−−−−−−−−−−−−−
2000 1999 1998
−−−− −−−− −−−−
Customer A.................................................. 13% 13% 11%
Customer B.................................................. 12% 10% 6%
Customer C.................................................. 10% 9% 8%
Additional information regarding revenue by products and services groups is
as follows:
YEAR ENDED DECEMBER 31
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
2000 1999 1998
−−−−−−−− −−−−−−−− −−−−−−−−
(IN THOUSANDS)
Revenues:
Application Servers.................................. $336,113 $299,510 $172,663
Management Products.................................. 57,952 38,441 11,916
Computing Appliances Products........................ 4,931 9,754 21,776
Microsoft Royalties.................................. 39,898 39,830 31,735
Services and Other Revenue........................... 31,552 15,750 10,546
−−−−−−−− −−−−−−−− −−−−−−−−
Net Revenues......................................... $470,446 $403,285 $248,636
======== ======== ========
13. RELATED PARTY TRANSACTIONS
An entity which held a greater than 5% interest in the Company at December
31, 1999 and 1998 is a party to one of the licensing agreements discussed in
Note 2. The Company recognized $0.3 million, $1.9 million and $8.5 million of
royalty expense in cost of revenues in the years ended December 31, 2000, 1999
and 1998, respectively, and has accrued royalties and other accounts payable of
$100,000 and $400,000 at December 31, 2000 and 1999, respectively, in connection
with this agreement. The Company has recognized revenue of approximately $39.9
million, $39.8 million and $31.7 million in 2000, 1999 and 1998, respectively,
in connection with the Development Agreement, as amended, discussed in Note 2.
F−25