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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: Marconi who wrote (6905)	8/17/1999 3:51:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 9068

In examining the financial statements in CTXS' most recent 10-Q filings I came across a couple of items that I don't understand. Perhaps someone on the thread could enlighten me. 1. Although not expressly stated on the income statement, CTXS has taken a $3 MM charge for a provision for product returns. You can see this item as an operating add-on in the cash flow statement. Why is this charge so high? It was only $37 K in the same period for the previous year. 2. On the balance sheet there is a debit item entitled "Accumulated other comprehensive loss" of $1.497MM which was taken in the last six months. Does anyone know what this item refers to, and why it is segregated from retained earnings? On a very positive note, operating cash flow was $62.1MM for the six month period, up from $20.9MM for the same period during the previous year. So, operating cash flow more than tripled! For this calculation I exclude the tax benefits due to the exercise of stock options which I consider a financing activity. TTFN, CTC