Citrix Financials

693.2 M

Revenue Q2, 2017

13 B

Mkt cap, 13-Nov-2017
Net income (Q2, 2017)108.8 M
EBIT (Q2, 2017)121.9 M
Cash, 30-Jun-2017844.8 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

3.1 b3.3 b3.4 b

Revenue growth, %

8%4%4%

Sales and marketing expense

1.3 b1.2 b1.2 b

R&D expense

553.8 m564 m489.3 m

General and administrative expense

319.9 m336.3 m377.6 m

Operating expense total

2.2 b2.1 b2.1 b

EBIT

302.3 m350.1 m649.2 m

EBIT margin, %

10%11%19%

Interest expense

28.3 m44.2 m44.9 m

Interest income

9.4 m11.7 m16.7 m

Pre tax profit

275.7 m311.9 m616.8 m

Income tax expense

24 m(7.5 m)80.7 m

Net Income

251.7 m319.4 m536.1 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

712.7 m750.8 m781.6 m759 m760.8 m796.8 m813.3 m825.7 m843 m841.3 m662.7 m693.2 m

R&D expense

127 m133.6 m140.4 m137.9 m144.6 m140.2 m139.1 m124 m124.8 m126.9 m102.7 m106.7 m

General and administrative expense

63.6 m72.4 m75 m95.2 m82 m79.9 m79.8 m90.8 m97.1 m93.7 m76.2 m81.1 m

Operating expense total

501.4 m544.6 m551.9 m564.4 m576.5 m541.9 m603.2 m575.6 m545.6 m549.4 m437.6 m462 m

EBIT

87.4 m71.9 m54.4 m58.6 m51.7 m122.1 m63.8 m111 m153.1 m153.8 m122.6 m121.9 m

EBIT margin, %

12%10%7%8%7%15%8%13%18%18%19%18%

Interest expense

7 m10.6 m11.1 m11 m11.1 m11.2 m11.2 m11.3 m11.6 m12 m

Interest income

2.1 m2.2 m2.1 m2.4 m2.8 m2.8 m3 m3.8 m4.2 m4.2 m5.6 m5.6 m

Pre tax profit

90.8 m68.8 m51 m48.2 m35.6 m110.7 m53.4 m102.5 m145.8 m147.3 m120 m114.4 m

Income tax expense

14.1 m12.8 m(2 m)690 k6.7 m7.5 m(2.6 m)19.1 m24.9 m15.4 m49.7 m5.5 m

Net Income

76.7 m55.9 m53 m47.5 m28.9 m103.3 m55.9 m83.5 m120.9 m131.9 m27.6 m108.8 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

280.7 m260.1 m368.5 m957 m

Inventories

111 m166 m132.8 m12.5 m

Current Assets

1.6 b1.7 b1.7 b2.6 b

PP&E

339 m367.8 m373.8 m343.8 m

Goodwill

1.8 b1.8 b2 b2 b

Total Assets

5.2 b5.5 b5.5 b6.4 b

Accounts Payable

78.5 m79.9 m95.4 m84.1 m

Current Liabilities

1.5 b1.6 b1.7 b3.1 b

Additional Paid-in Capital

4 b4.3 b4.6 b4.8 b

Retained Earnings

2.9 b3.2 b3.5 b4 b

Total Equity

3.3 b2.2 b2 b2.6 b

Financial Leverage

1.6 x2.5 x2.8 x2.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

246.5 m298.5 m279.4 m242.8 m402.9 m362.3 m527.6 m513.3 m666.2 m1.3 b908 m844.8 m

Inventories

12 m12.5 m14.2 m16.5 m12 m12.7 m10.9 m12.2 m11.5 m14.8 m15.2 m13.2 m

Current Assets

1.3 b1.5 b1.5 b1.4 b1.7 b1.6 b1.7 b1.8 b2 b2.3 b2.1 b2.1 b

PP&E

337 m336.7 m339.8 m353.7 m373.4 m370.8 m371.1 m376 m365.8 m352.5 m260.1 m252.9 m

Goodwill

1.8 b1.8 b1.8 b1.8 b1.9 b2 b2 b2 b2 b2 b1.6 b1.6 b

Total Assets

5.1 b5.3 b5.2 b5.2 b5.5 b5.5 b5.4 b5.5 b5.7 b5.9 b5.4 b5.4 b

Accounts Payable

68.6 m76.7 m79.6 m85.8 m81.1 m82 m143.3 m85.5 m72.6 m85.7 m64.1 m65.3 m

Current Liabilities

1.3 b1.4 b1.5 b1.5 b1.6 b1.5 b1.5 b1.6 b1.6 b2.9 b1.6 b1.5 b

Additional Paid-in Capital

3.9 b4 b3.9 b4 b4.3 b4.4 b4.5 b4.6 b4.7 b4.7 b4.9 b4.9 b

Retained Earnings

2.8 b3 b3 b3.1 b3.2 b3.3 b3.3 b3.6 b3.7 b3.8 b3.6 b3.7 b

Total Equity

3.4 b3.4 b2.1 b2.1 b2.1 b2.2 b2.1 b2.1 b2.2 b2.4 b1.7 b1.9 b

Financial Leverage

1.5 x1.5 x2.5 x2.5 x2.6 x2.5 x2.6 x2.7 x2.5 x2.5 x3.1 x2.9 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

339.5 m251.7 m319.4 m536.1 m

Accounts Receivable

(23 m)(31 m)(7.2 m)(60.6 m)

Inventories

(5.6 m)(1.2 m)703 k(4.1 m)

Accounts Payable

3.1 m40 k11 m(20.9 m)

Cash From Operating Activities

928.3 m846 m1 b1.1 b

Purchases of PP&E

(162.9 m)(165.4 m)(160.8 m)(134.2 m)

Cash From Investing Activities

(938.2 m)(569.5 m)(224.4 m)(484.2 m)

Cash From Financing Activities

(352.3 m)(292.7 m)(691.5 m)(38 m)

Interest Paid

127 k5 m8.2 m7.8 m

Income Taxes Paid

92.7 m130.5 m45.8 m64.4 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

76.7 m55.9 m53 m47.5 m28.9 m103.3 m55.9 m83.5 m120.9 m131.9 m27.6 m

Accounts Receivable

197.4 m

Inventories

(2.8 m)

Accounts Payable

79.6 m85.8 m81.1 m82 m143.3 m85.5 m72.6 m85.7 m(8.2 m)

Cash From Operating Activities

249.3 m

Purchases of PP&E

(19.7 m)

Cash From Investing Activities

164.7 m

Cash From Financing Activities

(466.5 m)

Ratios

Y, 2017

Financial Leverage

2.9 x

Operating Metrics

Citrix's Users was reported to be 10 m in Q4, 2014. Citrix's Enterprise Customers was reported to be 400 k in Q4, 2016
Q4, 2014Q4, 2015Q2, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017

Transactions

908696477662

Unique Customers

2.6 k2.5 k2 k1.9 k2.2 k

Users

10 m

Partners

10 k

Countries

100100

Enterprise Customers

400 k400 k