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Citrix Systems, Inc.  Annual Report
The following tables reflect the adjustments related to the restatements for interim periods not derived from the audited
consolidated financial statements (dollars in thousands, except per share amounts):
Three Months Ended March 31, 2006 Three Months Ended March 31, 2005
As
Reported Adjustments
As
Restated
As
Reported Adjustments
As
Restated
Revenues:
Product licenses $ 114,185 $ — $ 114,185 $ 90,062 $ — $ 90,062
License updates 93,871 — 93,871 77,175 — 77,175
Online services 31,638 — 31,638 20,365 — 20,365
Technical services 20,304 — 20,304 14,288 — 14,288
Total net revenues 259,998 — 259,998 201,890 — 201,890
Cost of revenues:
Cost of product license revenues 6,631 — 6,631 1,368 — 1,368
Cost of services revenues 10,390 107 10,497 4,515 43 4,558
Amortization of product
related intangibles 5,001 — 5,001 3,318 — 3,318
Total cost of revenues 22,022 107 22,129 9,201 43 9,244
Gross margin 237,976 (107) 237,869 192,689 (43) 192,646
Operating expenses:
Research and development 33,660 1,025 34,685 25,065 305 25,370
Sales, marketing and support 108,937 1,090 110,027 94,394 627 95,021
General and administrative 38,618 1,533 40,151 27,411 306 27,717
Amortization of other
intangible assets 4,032 — 4,032 2,177 — 2,177
Total operating expenses 185,247 3,648 188,895 149,047 1,238 150,285
Income from operations 52,729 (3,755) 48,974 43,642 (1,281) 42,361
Interest income 7,602 — 7,602 4,632 — 4,632
Interest expense (438) (62) (500) (8) (49) (57)
Other (expense) income, net (708) 5 (703) 464 (59) 405
Income before income taxes 59,185 (3,812) 55,373 48,730 (1,389) 47,341
Income taxes 14,506 (596) 13,910 10,170 (344) 9,826
Net income $ 44,679 $ (3,216) $ 41,463 $ 38,560 $ (1,045) $ 37,515
Earnings per share:
Basic $ 0.25 $ (0.02) $ 0.23 $ 0.23 $ (0.01) $ 0.22
Diluted $ 0.24 $ (0.02) $ 0.22 $ 0.22 $ (0.01) $ 0.21
Weighted average shares outstanding:
Basic 178,169 — 178,169 170,139 — 170,139
Diluted 186,013 (25) 185,988 175,913 (332) 175,581