CITRIX SYSTEMS, INC. CTXS Income Statement

Citrix systems, inc. (CTXS)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Revenues:
License updates
-	-	-	-	-	-	-	-	-	-	604	559	484
Online services
-	-	-	-	-	-	-	-	-	-	-	260	213
Professional services
-	-	-	-	147	175	138	119	91	59	161	143	116
Revenue
3,010	2,973	2,824	2,736	2,646	2,563	2,918	2,586	2,206	1,874	1,614	1,583	1,391
Cost of net revenues:
Amortization and impairment of intangible assets
67	62	82	70	-	-	-	-	-	-	-	-	-
Impairment of product related intangible assets
-	-	-	-	56	52	-	-	-	-	-	-	-
Total cost of net revenues
464	433	439	404	474	493	502	404	293	232	187	175	137
Gross margin
2,546	2,540	2,385	2,331	2,172	2,069	2,415	2,181	1,912	1,642	1,426	1,408	1,254
Operating expenses:
Research and development
518	439	415	395	480	486	516	450	380	361	281	288	205
Sales, marketing and services
1,132	1,074	1,006	976	1,005	1,074	1,216	1,060	885	771	679	669	590
General and administrative
320	315	302	316	286	276	260	245	213	173	239	256	229
Restructuring
22	16	72	67	98	14	0	0	0	0	26	-	0
Impairment of other intangible assets
-	-	-	-	67	6	-	-	-	-	-	-	-
Amortization of other intangible assets
15	15	17	15	30	35	41	34	16	14	20	22	17
In-process research and development
-	-	-	-	-	-	-	-	-	-	-	1	9
Total operating expenses
2,010	1,862	1,814	1,771	1,969	1,894	2,034	1,791	1,495	1,321	1,248	1,238	1,051
Income from operations
536	677	570	560	202	174	380	390	416	320	178	170	202
Interest income
18	40	27	16	11	9	8	10	13	14	14	31	49
Interest expense
45	80	51	44	44	28	0	0	-	-	-	0	0
Other income, net
1	-8	3	-4	-5	-7	-0	9	-0	-1	0	-4	-0
Income before income taxes
509	629	550	527	164	148	387	410	430	333	193	196	250
Income tax expense
-172	53	528	57	-50	-18	48	57	74	57	2	18	36
Income from continuing operations
681	575	21	469	215	167	-	-	-	-	-	-	-
Loss from discontinued operations, net of income tax expense of $2,900 in 2017
0	0	-42	66	104	84	-	-	-	-	-	-	-
Consolidated net income
-	-	-	-	-	-	-	-	355	276	191	178	-
Less: Net loss attributable to non-controlling interest
-	-	-	-	-	-	-	-	-0	-0	0	-	-
Net income
681	575	-20	536	319	251	339	352	356	277	191	178	214
Basic earnings (loss) per share:
Income from continuing operations (USD per share)
5.21	4.23	0.15	3.03	1.35	0.98	-	-	-	-	-	-	-
(Loss) income from discontinued operations (USD per share)
0.00	0.00	-0.28	0.43	0.66	0.50	-	-	-	-	-	-	-
Earnings per share:
Basic earnings per share (in dollars per share)
5.21	4.23	-0.13	3.46	2.01	1.48	1.82	1.89	1.90	1.49	1.05	0.97	1.18
Diluted earnings (loss) per share:
Income from continuing operations (USD per share)
5.03	3.94	0.14	2.99	1.34	0.98	-	-	-	-	-	-	-
(Loss) income from discontinued operations (USD per share)
0.00	0.00	-0.27	0.42	0.65	0.49	-	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
5.03	3.94	-0.13	3.41	1.99	1.47	1.80	1.86	1.87	1.46	1.03	0.96	1.14
Weighted average shares outstanding:
Basic (in shares)
130	136	150	155	158	169	186	186	187	185	181	183	181
Diluted (in shares)
135	145	155	157	160	171	188	189	190	190	184	186	187
Subscription [Member]
Revenue
650	455	314	245	103	75	582	511	430	360	308	-	-
Product and License [Member]
Revenue
583	734	766	810	873	896	891	830	744	619	538	620	577
Cost of net revenues
102	120	123	121	118	124	114	96	74	66	52	47	42
Support and Services [Member]
Revenue
1,776	1,784	1,743	1,679	1,521	1,416	1,305	1,125	940	835	-	-	-
Subscription, Support and Service [Member]
Cost of net revenues
310	266	250	228	228	227	289	227	164	115	87	79	65
Product related intangible assets
Amortization and impairment of intangible assets
51	47	65	55	71	89	97	80	54	50	47	48	29