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 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $859.52M | $825.34M | - | $778.45M | $812.11M | $775.77M | - | $767.17M | $798.93M | $860.95M |
| Cost of Revenue | $155.92M | $141.90M | - | $146.82M | $161.31M | $143.47M | - | $127.29M | $122.24M | $115.58M |
| Gross Profit | $703.60M | $683.44M | - | $631.63M | $650.80M | $632.30M | - | $639.88M | $676.69M | $745.37M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $90.26M | $109.06M | - | $91.46M | $93.59M | $94.99M | - | $81.59M | $90.81M | $80.10M |
| Total Operating Expenses | $530.31M | $587.21M | - | $547.16M | $566.13M | $539.96M | - | $511.58M | $533.02M | $543.82M |
| D&A | - | $85.75M | - | - | - | $70.21M | - | - | - | $53.70M |
| Operating Income | $173.29M | $96.23M | - | $84.47M | $84.68M | $92.33M | - | $128.31M | $143.67M | $201.55M |
| Interest Expense | $23.85M | $22.08M | - | $22.81M | $22.91M | $24.36M | - | $16.64M | $17.08M | $14.61M |
| Income Tax | $31.11M | $13.29M | - | $8.14M | $5.91M | ($8.86M) | - | $17.77M | $16.19M | $9.42M |
| Net Income | $115.46M | $60.23M | - | $51.79M | $62.77M | $90.05M | - | $98.23M | $112.91M | $181.22M |
| EPS - Basic | $0.91 | $0.48 | - | $0.42 | $0.51 | $0.73 | - | $0.80 | $0.91 | $1.45 |
| EPS - Diluted | $0.90 | $0.47 | - | $0.41 | $0.50 | $0.71 | - | $0.78 | $0.90 | $1.42 |
Balance Sheet
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $865.60M | $726.69M | $513.99M | $428.57M | $501.11M | $477.74M | $752.89M | $568.82M | $555.07M | $524.88M |
| Accounts Receivable | $696.84M | $602.54M | $885.31M | $532.00M | $665.52M | $570.53M | $858.01M | $564.78M | $614.15M | $700.03M |
| Inventory | $24.91M | $26.99M | $23.16M | $24.44M | $21.70M | $21.21M | $20.09M | $15.89M | $17.77M | $17.32M |
| Accounts Payable | $146.75M | $134.87M | $165.25M | $127.16M | $138.27M | $117.90M | $92.27M | $101.34M | $122.15M | $105.22M |
| Current Assets | $1.90B | $1.67B | $1.72B | $1.34B | $1.50B | $1.37B | $1.99B | $1.74B | $1.69B | $1.46B |
| Total Assets | $7.01B | $6.87B | $6.98B | $6.54B | $6.71B | $6.61B | $4.89B | $4.61B | $4.55B | $4.33B |
| Current Liabilities | $2.31B | $2.25B | $2.35B | $2.02B | $2.09B | $1.99B | $2.15B | $1.92B | $1.99B | $1.87B |
| Long-term Debt | $3.23B | $3.23B | $3.33B | $3.33B | $3.47B | $3.47B | $1.73B | $1.73B | $1.73B | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $824.36M | $664.56M | $547.26M | $399.74M | $292.85M | $249.69M | $112.14M | $68.80M | ($93.60M) | ($218.93M) |
| Retained Earnings | $5.28B | $5.16B | $5.10B | $5.05B | $5.04B | $5.03B | $4.98B | $4.92B | $4.86B | $4.79B |
Cash Flow
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $274.91M | - | - | - | $212.86M | - | - | - | $284.25M |
| Investing Cash Flow | - | ($17.35M) | - | - | - | ($1.94B) | - | - | - | $10.03M |
| Financing Cash Flow | - | ($42.55M) | - | - | - | $1.46B | - | - | - | ($310.04M) |
| CapEx | - | $18.84M | - | - | - | $23.89M | - | - | - | $10.50M |
| Free Cash Flow | - | $256.07M | - | - | - | $188.96M | - | - | - | $273.74M |
Ratios
| Metric | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 81.9% | 82.8% | - | 81.1% | 80.1% | 81.5% | - | 83.4% | 84.7% | 86.6% |
| Operating margin | 20.2% | 11.7% | - | 10.9% | 10.4% | 11.9% | - | 16.7% | 18.0% | 23.4% |
| EBITDA margin | - | 22.0% | - | - | - | 21.0% | - | - | - | 29.6% |
| Net margin | 13.4% | 7.3% | - | 6.7% | 7.7% | 11.6% | - | 12.8% | 14.1% | 21.0% |
| Free cash flow margin | - | 31.0% | - | - | - | 24.4% | - | - | - | 31.8% |
| FCF / Net income | - | 4.25 | - | - | - | 2.10 | - | - | - | 1.51 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.5% | 13.2% | - | 11.7% | 11.5% | 12.2% | - | 10.6% | 11.4% | 9.3% |
| Effective tax rate | 21.2% | 18.1% | - | 13.6% | 8.6% | -10.9% | - | 15.3% | 12.5% | 4.9% |
| Return on assets | 1.6% | 0.9% | - | 0.8% | 0.9% | 1.4% | - | 2.1% | 2.5% | 4.2% |
| Return on equity | 14.0% | 9.1% | - | 13.0% | 21.4% | 36.1% | - | 142.8% | -120.6% | -82.8% |
| Return on invested capital | 3.4% | 2.0% | - | 2.0% | 2.1% | 2.5% | - | 6.0% | 7.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.82 | 0.74 | 0.73 | 0.66 | 0.72 | 0.69 | 0.93 | 0.91 | 0.85 | 0.78 |
| Quick ratio | 0.81 | 0.73 | 0.72 | 0.65 | 0.71 | 0.68 | 0.92 | 0.90 | 0.84 | 0.77 |
| Cash ratio | 0.38 | 0.32 | 0.22 | 0.21 | 0.24 | 0.24 | 0.35 | 0.30 | 0.28 | 0.28 |
| Leverage | ||||||||||
| Debt / Equity | 3.92 | 4.86 | 6.08 | 8.32 | 11.86 | 13.91 | 15.45 | 25.18 | -18.50 | - |
| Debt / Assets | 0.46 | 0.47 | 0.48 | 0.51 | 0.52 | 0.53 | 0.35 | 0.38 | 0.38 | - |
| Debt / EBITDA | - | 17.74 | - | - | - | 21.37 | - | - | - | - |
| Interest coverage | 7.3x | 4.4x | - | 3.7x | 3.7x | 3.8x | - | 7.7x | 8.4x | 13.8x |
| Equity multiplier | 8.50 | 10.33 | 12.75 | 16.35 | 22.93 | 26.49 | 43.61 | 66.99 | -48.59 | -19.78 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | 0.12 | - | 0.12 | 0.12 | 0.12 | - | 0.17 | 0.18 | 0.20 |
| Inventory turnover | 6.26 | 5.26 | - | 6.01 | 7.43 | 6.76 | - | 8.01 | 6.88 | 6.67 |
| Days sales outstanding | 296d | 266d | - | 249d | 299d | 268d | - | 269d | 281d | 297d |
| Days inventory outstanding | 58d | 69d | - | 61d | 49d | 54d | - | 46d | 53d | 55d |
| Days payable outstanding | 344d | 347d | - | 316d | 313d | 300d | - | 291d | 365d | 332d |
| Cash conversion cycle | 11d | -11d | - | -6d | 35d | 22d | - | 24d | -31d | 19d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.8% | 6.4% | - | 1.5% | 1.6% | -9.9% | - | 4.7% | 6.7% | 19.7% |
| Revenue CAGR (3y) | 4.7% | 4.7% | - | 2.0% | 3.0% | 3.6% | - | 3.6% | 4.8% | 9.1% |
| Revenue CAGR (5y) | 4.4% | 4.5% | - | -1.5% | -0.7% | -1.2% | - | -1.2% | 0.1% | 2.5% |
| Gross profit growth (YoY) | 8.1% | 8.1% | - | -1.3% | -3.8% | -15.2% | - | 5.6% | 6.0% | 21.9% |
| Operating income growth (YoY) | 104.6% | 4.2% | - | -34.2% | -41.1% | -54.2% | - | 15.8% | 22.7% | 64.1% |
| Net income growth (YoY) | 83.9% | -33.1% | - | -47.3% | -44.4% | -50.3% | - | -63.7% | 20.8% | 64.2% |
| EPS growth (YoY) | 80.0% | -33.8% | - | -47.4% | -44.4% | -50.0% | - | -61.8% | 28.6% | 82.1% |
| EPS CAGR (3y) | 8.7% | -15.5% | - | -27.6% | -11.9% | -10.5% | - | -1.7% | 8.7% | 102.9% |
| EPS CAGR (5y) | 5.2% | 22.6% | - | -13.4% | -8.3% | 5.6% | - | 17.4% | 7.1% | 51.1% |
| FCF growth (YoY) | - | 35.5% | - | - | - | -31.0% | - | - | - | 9.4% |
| FCF CAGR (5y) | - | -4.4% | - | - | - | -8.7% | - | - | - | 2.0% |
| Book value growth (YoY) | 181.5% | 166.2% | 388.0% | 481.0% | - | - | -86.6% | -90.3% | - | - |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing CITRIX SYSTEMS INC against the 5 most active filers in the same SIC group.