CITRIX SYSTEMS, INC. CTXS Income Statement

Citrix systems, inc. (CTXS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
License updates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	662	638	619	604	589	576	0	0	0
Online services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	291	275	0	0	0
Professional services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	134	141	143	147	159	164	169	175	169	160	154	138	129	126	119	119	113	105	97	91	-27	4	35	59	194	182	168	161	152	147	0	0	0
Revenue
3,152	3,010	3,002	3,002	2,995	2,973	2,949	2,908	2,859	2,824	2,781	2,759	2,739	2,736	2,276	2,421	2,544	2,646	2,642	2,588	2,573	2,563	3,093	3,047	2,996	2,918	2,856	2,784	2,669	2,586	2,465	2,389	2,304	2,206	2,116	2,023	1,951	1,874	1,796	1,724	1,659	1,614	1,561	1,552	0	0	0
Cost of net revenues:
Impairment of product related intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of net revenues
472	464	457	434	432	433	442	444	445	439	417	409	407	404	367	415	441	474	459	449	491	493	582	570	522	502	483	465	432	404	368	342	319	293	283	261	243	232	212	200	190	187	176	177	0	0	0
Gross margin
2,680	2,546	2,544	2,567	2,562	2,540	2,506	2,463	2,413	2,385	2,363	2,349	2,332	2,331	1,909	2,005	2,102	2,172	2,182	2,138	2,081	2,069	2,511	2,477	2,474	2,415	2,372	2,319	2,236	2,181	2,096	2,046	1,985	1,912	1,833	1,761	1,707	1,642	1,583	1,524	1,468	1,426	1,384	1,375	0	0	0
Operating expenses:
Research and development
523	518	507	492	471	439	422	417	411	415	407	401	395	395	361	398	438	480	499	497	497	486	538	527	519	516	512	499	477	450	430	412	393	380	395	386	374	361	311	293	288	281	287	292	0	0	0
Sales, marketing and services
1,184	1,132	1,121	1,109	1,097	1,074	1,042	1,028	1,010	1,006	1,016	1,011	989	976	833	882	933	1,005	1,014	1,039	1,064	1,074	1,257	1,239	1,235	1,216	1,202	1,165	1,110	1,060	1,017	978	927	885	880	831	806	771	711	705	685	679	668	669	0	0	0
General and administrative
322	320	326	332	329	315	292	285	289	302	317	317	315	316	281	281	282	286	275	291	286	276	309	277	269	260	252	254	248	245	237	227	223	213	147	159	163	173	253	243	241	239	237	247	0	0	0
Restructuring
21	22	19	10	13	16	66	75	70	72	24	28	29	67	97	99	110	98	59	48	38	14	17	14	9	0	0	0	0	-	-	-	-	0	0	0	0	0	4	4	6	26	0	0	0	0	0
Impairment of other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of other intangible assets
13	15	15	14	15	15	17	17	17	17	14	14	15	15	8	17	24	30	35	33	32	35	43	43	43	41	40	39	34	34	30	24	23	16	14	13	13	14	16	18	20	20	20	21	0	0	0
Separation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
2,065	2,010	1,991	1,960	1,927	1,862	1,841	1,826	1,799	1,814	1,780	1,774	1,744	1,771	1,586	1,747	1,856	1,969	1,955	1,916	1,926	1,894	2,165	2,102	2,078	2,034	2,007	1,958	1,870	1,791	1,715	1,643	1,568	1,495	1,438	1,390	1,358	1,321	1,298	1,264	1,242	1,248	1,236	1,253	0	0	0
Income from operations
614	536	553	607	635	677	665	637	613	570	583	575	587	560	322	258	246	202	227	222	154	174	345	374	395	380	365	360	366	390	381	403	416	416	394	371	349	320	285	259	225	178	148	121	0	0	0
Interest income
10	18	27	35	40	40	37	34	30	27	23	19	18	16	15	13	12	11	11	10	10	9	8	8	8	8	8	8	9	10	11	12	12	13	14	14	14	14	14	14	15	14	18	22	0	0	0
Interest expense
42	45	56	67	77	80	77	68	60	51	46	46	45	44	44	44	44	44	43	43	39	28	17	7	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Other income, net
-0	1	-2	-2	-1	-8	-1	-4	-3	3	-0	-0	0	-4	6	4	1	-5	-15	-15	-10	-7	-6	-3	-5	-0	1	6	8	9	7	-4	-3	-0	-0	6	1	-1	-0	-1	2	0	-3	-5	0	0	0
Income before income taxes
581	509	521	572	596	629	623	598	581	550	560	548	560	527	300	231	215	164	179	174	115	148	330	372	398	387	375	375	383	410	399	411	426	430	407	392	366	333	299	273	243	193	163	137	0	0	0
Income tax expense
-170	-172	-119	44	54	53	497	504	485	528	76	79	94	57	-17	-30	-43	-50	-18	-15	-25	-18	34	48	63	48	60	58	39	57	52	50	76	74	67	55	63	57	28	37	12	2	11	3	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	21	484	469	466	469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income tax expense of $2,900 in 2017
-	-	-	-	-	-	-	-	-	-42	-21	-1	13	66	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	347	361	350	355	340	336	302	276	0	0	0	-	-	-	-	-	-
Less: Net loss attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	0	0	-	0	-	0	-	-	-	-	-	-
Net income
752	681	640	528	541	575	126	93	95	-20	463	468	480	536	467	391	373	319	283	274	224	251	295	324	335	339	0	0	0	-	-	-	-	356	342	337	303	277	270	236	231	191	152	133	0	0	0
Basic earnings (loss) per share:
Income from continuing operations (USD per share)
-	-	-	-	-	-	-	-	-	-1.87	0.84	0.72	0.46	1.15	0.72	0.69	0.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.28	0.14	0.13	0.09	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share:
Basic earnings per share (in dollars per share)
1.45	1.58	2.08	0.71	0.84	1.22	1.18	0.79	1.04	-1.87	0.84	0.72	0.18	1.29	0.85	0.78	0.54	0.84	0.35	0.64	0.18	0.58	0.29	0.31	0.30	0.75	0.41	0.34	0.32	0.61	0.42	0.49	0.37	0.58	0.49	0.44	0.39	0.50	0.47	0.26	0.26	0.49	0.29	0.23	0.04	0.27	0.19
Diluted earnings (loss) per share:
Income from continuing operations (USD per share)
-	-	-	-	-	-	-	-	-	-1.82	0.82	0.70	0.44	1.13	0.71	0.68	0.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.27	0.13	0.13	0.09	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
1.42	1.51	2.04	0.70	0.78	1.14	1.08	0.73	0.99	-1.82	0.82	0.70	0.17	1.26	0.84	0.77	0.54	0.82	0.35	0.64	0.18	0.57	0.29	0.31	0.30	0.73	0.41	0.34	0.32	0.60	0.41	0.49	0.36	0.57	0.49	0.43	0.38	0.50	0.46	0.25	0.25	0.47	0.29	0.23	0.04	0.26	0.18
Weighted average shares outstanding:
Basic (in shares)
124	130	130	131	131	133	135	135	139	147	151	151	153	155	155	154	154	153	160	161	160	161	164	169	183	185	187	187	186	187	186	186	185	187	186	187	187	188	186	185	184	182	182	181	180	182	183
Diluted (in shares)
127	134	132	134	141	144	147	145	146	152	154	156	158	158	157	156	155	155	161	162	162	162	165	170	185	186	188	188	189	188	189	189	188	189	189	191	191	192	191	189	188	186	186	184	182	185	188
Subscription [Member]
Revenue
777	650	587	538	493	455	415	385	348	314	372	325	283	245	-335	-179	-34	103	130	104	87	75	636	619	602	582	565	546	528	511	490	470	451	430	0	0	0	-	-	-	-	-	-	-	-	-	-
Product and License [Member]
Revenue
621	583	617	657	708	734	1,163	969	756	766	310	539	779	810	906	907	892	873	858	845	871	896	902	910	905	891	890	884	845	830	791	789	772	744	711	669	647	619	591	568	549	538	528	552	0	0	0
Cost of net revenues
97	102	104	104	112	120	124	124	127	123	118	118	119	121	127	134	124	118	119	108	117	124	118	121	120	114	117	114	103	96	83	81	79	74	74	71	68	66	63	56	53	52	46	46	0	0	0
Support and Services [Member]
Revenue
1,753	1,776	1,797	1,806	1,793	1,784	2,604	2,174	1,753	1,743	963	1,341	1,709	1,679	1,571	1,552	1,542	1,521	1,494	1,473	1,443	1,416	1,386	1,357	1,333	1,305	1,270	1,226	1,176	1,125	1,070	1,024	983	940	0	0	0	-	-	-	-	-	-	-	-	-	-
Subscription, Support and Service [Member]
Cost of net revenues
324	310	298	285	274	266	261	257	254	250	244	238	233	228	127	163	193	228	242	239	237	227	336	321	304	289	269	255	240	227	214	197	182	164	156	139	124	115	99	94	89	87	83	82	0	0	0
Product related intangible assets
Amortization and impairment of intangible assets
49	51	55	44	46	47	56	62	63	65	55	52	54	55	57	62	66	71	42	47	83	89	127	127	97	97	96	95	88	80	71	63	58	54	53	50	50	50	50	49	48	47	47	48	0	0	0