CTXS · Citrix Systems Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $3.22B | $3.24B | $3.01B | $2.74B | $2.82B | $3.42B |
| Cost of Revenue | $625.08M | $498.55M | $464.05M | $433.80M | $439.65M | $559.54M |
| Gross Profit | $2.59B | $2.74B | $2.55B | $2.54B | $2.39B | $2.86B |
| R&D | - | - | - | - | - | - |
| SG&A | $409.63M | $352.11M | $320.43M | $315.34M | $302.56M | $377.57M |
| Total Operating Expenses | $2.36B | $2.13B | $2.01B | $1.86B | $1.81B | $2.21B |
| D&A | $61.63M | $65.13M | $72.08M | $78.98M | $87.14M | $159.45M |
| Operating Income | $236.62M | $608.81M | $536.12M | $677.96M | $571.00M | $649.16M |
| Interest Expense | $91.79M | $64.69M | $45.97M | $80.16M | $51.61M | $44.95M |
| Income Tax | ($140.35M) | $50.43M | ($172.31M) | $53.79M | $528.36M | $80.65M |
| Net Income | $307.50M | $504.45M | $681.81M | $575.67M | ($20.72M) | $536.11M |
| EPS - Basic | $2.48 | $4.08 | $5.21 | $4.23 | ($0.13) | $3.46 |
| EPS - Diluted | $2.44 | $4.00 | $5.03 | $3.94 | ($0.13) | $3.41 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $513.99M | $752.89M | $545.76M | $618.77M | $1.12B | $956.96M |
| Accounts Receivable | $885.31M | $858.01M | $720.36M | $688.42M | $712.53M | $725.94M |
| Inventory | $23.16M | $20.09M | $15.90M | $21.91M | $13.91M | $12.52M |
| Accounts Payable | $165.25M | $92.27M | $84.54M | $75.55M | $66.89M | $84.06M |
| Current Assets | $1.72B | $1.99B | $1.51B | $2.09B | $2.62B | $2.56B |
| Total Assets | $6.98B | $4.89B | $4.39B | $5.14B | $5.82B | $6.39B |
| Current Liabilities | $2.35B | $2.15B | $1.83B | $2.91B | $1.69B | $3.10B |
| Long-term Debt | $3.33B | $1.73B | $742.93M | $741.83M | $0 | - |
| Total Liabilities | - | - | - | $4.58B | - | - |
| Stockholders' Equity | $547.26M | $112.14M | $837.66M | $551.52M | $992.46M | $2.61B |
| Retained Earnings | $5.10B | $4.98B | $4.66B | $4.17B | $3.51B | $4.01B |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $671.65M | $935.81M | $783.07M | $1.04B | $908.28M | $1.12B |
| Investing Cash Flow | ($2.00B) | ($138.31M) | $1.04B | $132.18M | ($63.92M) | ($484.20M) |
| Financing Cash Flow | $1.09B | ($595.19M) | ($1.89B) | ($1.66B) | ($694.37M) | ($38.03M) |
| CapEx | $83.43M | $41.44M | $63.45M | $69.35M | $80.90M | $134.17M |
| Free Cash Flow | $588.22M | $894.37M | $719.62M | $965.99M | $827.38M | $981.66M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 80.6% | 84.6% | 84.6% | 92.8% | 84.4% | 83.6% |
| Operating margin | 7.4% | 18.8% | 17.8% | 24.8% | 20.2% | 19.0% |
| EBITDA margin | 9.3% | 20.8% | 20.2% | 27.7% | 23.3% | 23.7% |
| Net margin | 9.6% | 15.6% | 22.6% | 21.0% | -0.7% | 15.7% |
| Free cash flow margin | 18.3% | 27.6% | 23.9% | 35.3% | 29.3% | 28.7% |
| FCF / Net income | 1.91 | 1.77 | 1.06 | 1.68 | -39.93 | 1.83 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 12.7% | 10.9% | 10.6% | 11.5% | 10.7% | 11.0% |
| Effective tax rate | -84.0% | 9.1% | -33.8% | 8.5% | 104.1% | 13.1% |
| Return on assets | 4.4% | 10.3% | 15.5% | 11.2% | -0.4% | 8.4% |
| Return on equity | 56.2% | 449.8% | 81.4% | 104.4% | -2.1% | 20.6% |
| Return on invested capital | 6.1% | 30.0% | 33.9% | 47.9% | 28.8% | - |
| Liquidity | ||||||
| Current ratio | 0.73 | 0.93 | 0.83 | 0.72 | 1.55 | 0.83 |
| Quick ratio | 0.72 | 0.92 | 0.82 | 0.71 | 1.55 | 0.82 |
| Cash ratio | 0.22 | 0.35 | 0.30 | 0.21 | 0.66 | 0.31 |
| Leverage | ||||||
| Debt / Equity | 6.08 | 15.45 | 0.89 | 1.35 | 0.00 | - |
| Debt / Assets | 0.48 | 0.35 | 0.17 | 0.14 | 0.00 | - |
| Debt / EBITDA | 11.15 | 2.57 | 1.22 | 0.98 | 0.00 | - |
| Interest coverage | 2.6x | 9.4x | 11.7x | 8.5x | 11.1x | 14.4x |
| Equity multiplier | 12.75 | 43.61 | 5.24 | 9.31 | 5.86 | 2.45 |
| Liabilities / Assets | - | - | - | 0.89 | - | - |
| Efficiency | ||||||
| Asset turnover | 0.46 | 0.66 | 0.69 | 0.53 | 0.49 | 0.53 |
| Inventory turnover | 26.99 | 24.82 | 29.19 | 19.80 | 31.60 | 44.68 |
| Days sales outstanding | 100d | 97d | 87d | 92d | 92d | 78d |
| Days inventory outstanding | 14d | 15d | 13d | 18d | 12d | 8d |
| Days payable outstanding | 96d | 68d | 66d | 64d | 56d | 55d |
| Cash conversion cycle | 17d | 44d | 33d | 47d | 48d | 31d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -0.6% | 7.5% | 10.0% | -3.1% | -17.4% | 4.4% |
| Revenue CAGR (3y) | 5.5% | 4.6% | -4.1% | -5.8% | -3.5% | 5.4% |
| Revenue CAGR (5y) | -1.2% | -0.2% | -0.9% | -1.3% | 1.8% | 9.2% |
| Gross profit growth (YoY) | -5.3% | 7.5% | 0.3% | 6.5% | -16.6% | 7.4% |
| Operating income growth (YoY) | -61.1% | 13.6% | -20.9% | 18.7% | -12.0% | 85.4% |
| Net income growth (YoY) | -39.0% | -26.0% | 18.4% | - | - | 67.9% |
| EPS growth (YoY) | -39.0% | -20.5% | 27.7% | - | - | 71.4% |
| EPS CAGR (3y) | -14.8% | - | 13.8% | 25.6% | - | 23.7% |
| EPS CAGR (5y) | -6.5% | 15.0% | 27.9% | 17.0% | - | 12.8% |
| FCF growth (YoY) | -34.2% | 24.3% | -25.5% | 16.8% | -15.7% | 12.4% |
| FCF CAGR (5y) | -9.7% | 0.5% | 1.1% | 8.1% | 3.5% | 11.6% |
| Book value growth (YoY) | 388.0% | -86.6% | 51.9% | -44.4% | -62.0% | 32.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$7.99B totalDigital Workspace$2.43B · 30.4%
Subscriptions$1.55B · 19.5%
Supportand Services$1.49B · 18.7%
Subscription Saa S$857.34M · 10.7%
Subscription Non Saa S$696.43M · 8.7%
App Delivery And Security$695.14M · 8.7%
Productand License$171.19M · 2.1%
Professional Services$96.39M · 1.2%
Geographic
$3.39B totalAmericas$1.77B · 52.4%
EMEA$1.13B · 33.4%
Asia Pacific$313.12M · 9.2%
USto International Revenues$168.10M · 5.0%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing CITRIX SYSTEMS INC against the 5 most active filers in the same SIC group.