Citrix 2006 Annual Report Download - page 108
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Three Months Ended June 30, 2006 Three Months Ended June 30, 2005
As
Reported Adjustments
As
Restated
As
Reported Adjustments
As
Restated
Product licenses $ 117,799 $ — $ 117,799 $ 91,980 $ — $ 91,980
License updates 99,750 — 99,750 80,455 — 80,455
Online services 35,128 — 35,128 23,844 — 23,844
Technical services 22,791 — 22,791 14,950 — 14,950
Total net revenues 275,468 — 275,468 211,229 — 211,229
Cost of product license revenues 8,116 — 8,116 2,277 — 2,277
Cost of services revenues 11,421 119 11,540 5,395 35 5,430
Amortization of product
related intangibles 4,585 — 4,585 3,693 — 3,693
Total cost of revenues 24,122 119 24,241 11,365 35 11,400
Gross margin 251,346 (119) 251,227 199,864 (35) 199,829
Research and development 38,222 58 38,280 26,402 (706) 25,696
Sales, marketing and support 117,002 701 117,703 92,035 (994) 91,041
General and administrative 40,796 957 41,753 30,150 (1,016) 29,134
Amortization of other intangible
assets 4,150 — 4,150 2,214 — 2,214
Total operating expenses 200,170 1,716 201,886 150,801 (2,716) 148,085
Income from operations 51,176 (1,835) 49,341 49,063 2,681 51,744
Interest income 10,302 — 10,302 5,369 — 5,369
Interest expense (73) (62) (135) (16) (49) (65)
Other income (expense), net 111 32 143 (370) (47) (417)
Income before income taxes 61,516 (1,865) 59,651 54,046 2,585 56,631
Income taxes 15,066 (386) 14,680 26,160 855 27,015
Net income $ 46,450 $ (1,479) $ 44,971 $ 27,886 $ 1,730 $ 29,616
Basic $ 0.25 $ — $ 0.25 $ 0.16 $ 0.01 $ 0.17
Diluted $ 0.24 $ (0.01) $ 0.23 $ 0.16 $ 0.01 $ 0.17
Basic 183,023 — 183,023 169,698 — 169,698
Diluted 191,500 (75) 191,425 175,146 (326) 174,820