Citrix 2007 Annual Report Download - page 41

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ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with the consolidated
financial statements and notes thereto and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” appearing elsewhere in this Annual Report on Form 10-K for the year ended
December 31, 2007.
Year Ended December 31,
2007 2006 2005 2004 2003
(In thousands, except per share data)
Consolidated Statements of Income Date:
Net revenues .............................. $1,391,942 $1,134,319 $908,722 $741,157 $588,625
Cost of revenues(a) ..................... 137,607 98,698 58,099 26,656 31,639
Gross margin ............................. 1,254,335 1,035,621 850,623 714,501 556,986
Operating expenses:
Research and development ............... 205,103 155,331 108,751 86,654 66,366
Sales, marketing and support ............. 590,409 480,343 394,153 337,777 258,522
General and administrative .............. 229,229 178,669 125,425 105,799 87,196
Amortization of other intangible assets ..... 17,387 16,934 11,622 6,204 300
In-process research and development ...... 9,800 1,000 7,000 19,100 —
Total operating expenses ............ 1,051,928 832,277 646,951 555,534 412,384
Income from operations ..................... 202,407 203,344 203,672 158,967 144,602
Interest income ............................ 49,704 41,210 23,614 14,274 21,120
Interest expense ........................... (737) (927) (2,426) (11,756) (18,436)
Other expense, net ......................... (466) (546) (506) 2,851 3,458
Income before income taxes .................. 250,908 243,081 224,354 164,336 150,744
Income taxes .............................. 36,425 60,084 58,745 33,049 30,702
Net income ............................... $ 214,483 $ 182,997 $165,609 $131,287 $120,042
Diluted earnings per share(b) .................. $ 1.14 $ 0.97 $ 0.93 $ 0.75 $ 0.70
Year Ended December 31,
2007 2006 2005 2004 2003
(In thousands)
Consolidated Balance Sheet Data:
Total assets .......................... $2,534,693 $2,024,473 $1,698,982 $1,306,416 $1,369,768
Current portion of long-term debt ......... ————351,423
Stockholders’ equity ................... 1,838,325 1,464,289 1,214,528 936,833 717,191
Long-term debt ....................... — — 31,000 — —
(a) Cost of revenues includes amortization of product related intangible assets of $29.6 million, $19.2 million,
$16.8 million, $6.1 million, and $11.0 million in 2007, 2006, 2005, 2004 and 2003, respectively.
(b) Our diluted weighted–average shares outstanding primarily fluctuates based on the level of shares issued
under our stock-based compensation programs, stock repurchases made under our stock repurchase program
and shares issued in connection with our acquisitions. See Notes 3, 6 and 7 to our consolidated financial
statements included in this Annual Report on Form 10-K for the year ended December 31, 2007.
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