Citrix 2007 Annual Report Download - page 77
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CITRIX SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except
par value)
December 31,
2007 2006
Assets
Current assets:
Cash and cash equivalents .......................................... $ 223,749 $ 349,054
Short-term investments ............................................. 356,085 152,652
Accounts receivable, net of allowances of $4,561 and $4,037 in 2007 and 2006,
respectively .................................................... 225,861 204,974
Inventories, net ................................................... 9,629 6,619
Prepaid expenses and other current assets .............................. 75,995 45,646
Current portion of deferred tax assets, net .............................. 43,026 52,792
Total current assets ........................................ 934,345 811,737
Restricted cash equivalents and investments ................................ 63,735 63,815
Long-term investments ................................................. 218,676 241,675
Property and equipment, net ............................................. 134,907 92,580
Goodwill, net ........................................................ 888,516 631,690
Other intangible assets, net .............................................. 276,315 130,462
Long-term portion of deferred tax assets, net ................................ — 41,594
Other assets .......................................................... 18,199 10,920
Total assets .............................................. $2,534,693 $ 2,024,473
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ................................................. $ 55,586 $ 45,217
Accrued expenses ................................................. 191,383 145,664
Income taxes payable .............................................. — 11,892
Current portion of deferred revenues .................................. 407,305 332,770
Total current liabilities ..................................... 654,274 535,543
Long-term portion of deferred revenues .................................... 35,381 23,518
Other liabilities ....................................................... 6,713 1,123
Commitments and contingencies
Stockholders’ equity:
Preferred stock at $.01 par value: 5,000 shares authorized, none issued and
outstanding ................................................ — —
Common stock at $.001 par value: 1,000,000 shares authorized; 252,201
and 238,156 shares issued at 2007 and 2006, respectively ........... 252 238
Additional paid-in capital ....................................... 2,038,010 1,655,530
Retained earnings ............................................. 1,208,791 1,006,706
Accumulated other comprehensive income ......................... 5,751 4,180
3,252,804 2,666,654
Less - common stock in treasury, at cost (64,841 and 59,465 shares in
2007 and 2006, respectively) .................................. (1,414,479) (1,202,365)
Total stockholders’ equity .................................. 1,838,325 1,464,289
$ 2,534,693 $ 2,024,473
See accompanying notes.
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