Citrix 2006 Annual Report Download - page 63

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
Citrix Systems, Inc.  Annual Report
(In thousands)
Year Ended December 31,
2006 2005 2004
(Restated) (Restated)

Purchases of available for-sale investments $ (709,565) $ (183,245) $ (192,745)
Proceeds from sales of available-for-sale investments 170,503 396,580 161,846
Proceeds from maturities of available-for-sale investments 215,318 141,652 56,867
Proceeds from maturities of held-to-maturity investments —— 195,350
Purchases of property and equipment (52,051) (26,377) (24,412)
Cash paid for acquisitions, net of cash acquired (61,462) (168,347) (140,788)
Cash paid for licensing agreements and core technology —— (16,784)
Net cash (used in) provided by investing activities (437,257) 160,263 39,334

Proceeds from issuance of common stock 230,656 101,592 63,463
Excess tax benefit from exercise of stock options 51,915 — —
Cash paid to repurchase convertible subordinated debentures —— (355,659)
Cash paid under stock repurchase programs (274,161) (174,350) (121,903)
Proceeds from term loan and revolving credit facility —175,000 —
Payments on debt (34,850) (144,000) —
Cash paid for financing fees —(1,098) —
Net cash used in financing activities (26,440) (42,856) (414,099)
Change in cash and cash equivalents (134,981) 410,550 (109,484)
Cash and cash equivalents at beginning of year 484,035 73,485 182,969
Cash and cash equivalents at end of year $ 349,054 $ 484,035 $ 73,485

Non-cash investing activity—Increase (decrease) in
restricted cash equivalents and investments $ 87 $ (85,323) $ 2,591
Non-cash financing activity—Fair value of stock issued in connection with
acquisitions $ 290 $ 154,266 $ 124,422
Cash paid for income taxes $ 2,330 $ 33,755 $ 2,623
Cash paid for interest $ 432 $ 927 $ 559
See accompanying notes.