Citrix Systems, Inc. (CTXS) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5891,2021,7481,684871789735
Cash and cash equivalents5466191,115957369260281
Short-term investments43584633727503529454
Receivables720688713726669674655
Inventory, net of allowances, customer advances and progress billings16221413111314
Inventory16221413111314
Contract with customer, asset12 
Capitalized contract cost50 
Deferred tax assets     48
Other undisclosed current assets125174147139133212111
Total current assets:1,5132,0872,6212,5611,6841,6881,563
Noncurrent Assets
Operating lease, right-of-use asset206
Property, plant and equipment232243253344374368339
Long-term investments and receivables175741,0031,0009121,090880
Long-term investments175741,0031,0009121,090880
Intangible assets, net (including goodwill)1,9071,9701,7562,1952,2462,1882,279
Goodwill1,7981,8031,6141,9671,9631,7971,769
Intangible assets, net (excluding goodwill)108167142228283391510
Deferred costs 71549   
Deferred income tax assets362
Other noncurrent assets1531255358706760
Deferred tax assets, net     115
Other undisclosed noncurrent assets 130119184195112(24)
Total noncurrent assets:2,8763,0493,1993,8293,7973,8243,649
TOTAL ASSETS:4,3895,1365,8206,3905,4815,5125,212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities476410379427431548506
Accounts payable85766784958078
Accrued liabilities332290278303317298258
Employee-related liabilities     158141
Taxes payable60443440181229
Deferred revenue1,352
Debt 1,155 1,348   
Deferred revenue and credits1,3081,3231,2501,2001,099
Deferred tax liabilities    10
Contract with customer, liability1,345
Other undisclosed current liabilities     (159)(141)
Total current liabilities:1,8292,9111,6873,0981,6811,5901,464
Noncurrent Liabilities
Long-term debt and lease obligation209   1,3251,293 
Long-term debt, excluding current maturities    1,3251,293 
Operating lease, liability209
Liabilities, other than long-term debt7709231,013604502464442
Deferred revenue and credits556480414358313
Accounts payable and accrued liabilities259286335    
Deferred revenue443
Contract with customer, liability489
Deferred tax liabilities, net 0  913
Other liabilities681481221238898115
Other undisclosed noncurrent liabilities 742    (13)
Total noncurrent liabilities:9801,6651,0136041,8271,757428
Total liabilities:2,8084,5762,7003,7023,5083,3471,892
Temporary equity, carrying amount 8 79   
Stockholders' equity
Stockholders' equity attributable to parent8385529922,6091,9732,1743,320
Common stock0000000
Treasury stock, value(10,067)(9,014)(7,390)(6,135)(6,040)(5,238)(3,563)
Additional paid in capital6,2495,4054,8844,7624,5674,2933,974
Accumulated other comprehensive income (loss)(5)(8)(11)(29)(29)(37)5
Retained earnings4,6604,1693,5094,0113,4753,1552,904
Total stockholders' equity:8385529922,6091,9732,1743,320
Other undisclosed liabilities and equity743 2,127  (9) 
TOTAL LIABILITIES AND EQUITY:4,3895,1365,8206,3905,4815,5125,212

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,0112,9742,8253,4183,2763,1432,918
Revenue, net2,8253,4183,2763,1432,918
Cost of revenue(464)(434)(440)(560)(614)(620)(503)
Cost of goods and services sold  (424)(558)(483)(620)(503)
Gross profit:2,5472,5402,3852,8592,6612,5232,416
Operating expenses(2,010)(1,862)(1,814)(2,210)(2,311)(2,220)(2,035)
Operating income:536678571649350302381
Nonoperating income19323113692
Investment income, nonoperating184028171298
Foreign currency transaction gain (loss), before tax     8(5)
Other nonoperating income (expense)1(8)3(4)(6)(8)(1)
Interest and debt expense(46)(80)(52)(45)(44)(28) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (8)5
Income from continuing operations before income taxes:510629550617312276388
Income tax expense (benefit)172(54)(528)(81)7(24)(48)
Income from continuing operations:68257622536319252340
Loss from discontinued operations  (3)    
Net income:68257619536319252340
Other undisclosed net loss attributable to parent  (40)    
Net income (loss) available to common stockholders, diluted:682576(21)536319252340

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:68257619536319252340
Other comprehensive income (loss)334(0)8(42)13
Comprehensive income:68557824536328210352
Other undisclosed comprehensive loss, net of tax, attributable to parent  (40)    
Comprehensive income (loss), net of tax, attributable to parent:685578(16)536328210352

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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