Citrix Systems, Inc. (CTXS) financial statements (2021 and earlier)

Company profile

Business Address 851 WEST CYPRESS CREEK ROAD
FORT LAUDERDALE, FL 33309
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8775891,2021,7481,684871789
Cash and cash equivalents7535466191,115957369260
Short-term investments12443584633727503529
Receivables858720688713726669674
Inventory, net of allowances, customer advances and progress billings20162214131113
Inventory20162214131113
Contract with customer, asset3712 
Capitalized contract cost7250 
Other undisclosed current assets127125174147139133212
Total current assets:1,9911,5132,0872,6212,5611,6841,688
Noncurrent Assets
Operating lease, right-of-use asset187206
Property, plant and equipment209232243253344374368
Long-term investments and receivables14175741,0031,0009121,090
Long-term investments14175741,0031,0009121,090
Intangible assets, net (including goodwill)1,8801,9071,9701,7562,1952,2462,188
Goodwill1,7981,7981,8031,6141,9671,9631,797
Intangible assets, net (excluding goodwill)81108167142228283391
Deferred costs  71549  
Deferred income tax assets387362
Other noncurrent assets22315312553587067
Other undisclosed noncurrent assets  130119184195112
Total noncurrent assets:2,8992,8763,0493,1993,8293,7973,824
TOTAL ASSETS:4,8904,3895,1365,8206,3905,4815,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities642476410379427431548
Accounts payable92857667849580
Accrued liabilities507332290278303317298
Employee-related liabilities      158
Taxes payable43604434401812
Deferred revenue1,5101,352
Debt  1,155 1,348  
Deferred revenue and credits1,3081,3231,2501,200
Deferred tax liabilities    1
Contract with customer, liability1,345
Other undisclosed current liabilities      (159)
Total current liabilities:2,1521,8292,9111,6873,0981,6811,590
Noncurrent Liabilities
Long-term debt and lease obligation196209   1,3251,293
Long-term debt, excluding current maturities     1,3251,293
Operating lease, liability196209
Liabilities, other than long-term debt6977709231,013604502464
Deferred revenue and credits556480414358
Accounts payable and accrued liabilities232259286335   
Deferred revenue392443
Contract with customer, liability489
Deferred tax liabilities, net 0  9
Other liabilities73681481221238898
Other undisclosed noncurrent liabilities  742    
Total noncurrent liabilities:8939801,6651,0136041,8271,757
Total liabilities:3,0462,8084,5762,7003,7023,5083,347
Temporary equity, carrying amount  8 79  
Stockholders' equity
Stockholders' equity attributable to parent1128385529922,6091,9732,174
Common stock0000000
Treasury stock, value(11,477)(10,067)(9,014)(7,390)(6,135)(6,040)(5,238)
Additional paid in capital6,6086,2495,4054,8844,7624,5674,293
Accumulated other comprehensive loss(4)(5)(8)(11)(29)(29)(37)
Retained earnings4,9844,6604,1693,5094,0113,4753,155
Total stockholders' equity:1128385529922,6091,9732,174
Other undisclosed liabilities and equity1,733743 2,127  (9)
TOTAL LIABILITIES AND EQUITY:4,8904,3895,1365,8206,3905,4815,512

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,2373,0112,9742,8253,4183,2763,143
Revenue, net2,8253,4183,2763,143
Cost of revenue(499)(464)(434)(440)(560)(614)(620)
Cost of goods and services sold   (424)(558)(483)(620)
Gross profit:2,7382,5472,5402,3852,8592,6612,523
Operating expenses(2,129)(2,010)(1,862)(1,814)(2,210)(2,311)(2,220)
Operating income:609536678571649350302
Nonoperating income111932311369
Investment income, nonoperating318402817129
Foreign currency transaction gain, before tax      8
Other nonoperating income (expense)81(8)3(4)(6)(8)
Interest and debt expense(65)(46)(80)(52)(45)(44)(28)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (8)
Income from continuing operations before income taxes:555510629550617312276
Income tax expense (benefit)(50)172(54)(528)(81)7(24)
Income from continuing operations:50468257622536319252
Loss from discontinued operations   (3)   
Net income:50468257619536319252
Other undisclosed net loss attributable to parent   (40)   
Net income (loss) available to common stockholders, diluted:504682576(21)536319252

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:50468257619536319252
Other comprehensive income (loss)1334(0)8(42)
Comprehensive income:50668557824536328210
Other undisclosed comprehensive loss, net of tax, attributable to parent   (40)   
Comprehensive income (loss), net of tax, attributable to parent:506685578(16)536328210

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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