TiVo 2004 Annual Report Download - page 18

Table of Contents
Index to Financial Statements
ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data as of and for the fiscal years ended January 31, 2005, 2004, 2003, and 2002, respectively, have been derived from
our consolidated financial statements audited by KPMG LLP, independent auditors. Additionally, the following selected financial data as of and for the one-
month transition period ended January 31, 2001 and calendar year ended December 31, 2000 have been derived from our consolidated financial statements
audited by Arthur Andersen LLP, independent auditors. These historical results are not necessarily indicative of the results of operations to be expected for
any future period.
The data set forth below (in thousands, except per share data) should be read in conjunction with Item 7. "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and the consolidated financial statements included in Item 8. "Financial Statements and Supplementary Data."
Year Ended Year Ended Year Ended Year Ended
One-Month
Ended Year Ended
January 31,
2005
January 31,
2004
January 31,
2003
January 31,
2002
January 31,
2001
December 31,
2000
(in thousands, except per share data)
Consolidated Statement of Operations Data:
Revenues
Service revenues $ 107,166 $ 61,560 $ 39,261 $ 19,297 $ 989 $ 3,782
Technology revenues 8,310 15,797 20,909 100 — —
Hardware revenues 111,275 72,882 45,620 — — —
Rebates, revenue share, and other payments to the channel (54,696) (9,159) (9,780) — (630) (5,029)
Net Revenues 172,055 141,080 96,010 19,397 359 (1,247)
Costs and expenses
Cost of service revenues 29,360 17,705 17,119 19,852 1,719 18,734
Cost of technology revenues 6,575 13,609 8,033 62 — —
Cost of hardware revenues 120,323 74,836 44,647 — — —
Research and development 37,634 22,167 20,714 27,205 2,544 25,070
Sales and marketing 37,367 18,947 48,117 104,897 13,946 151,658
General and administrative 16,593 16,296 14,465 18,875 1,395 15,537
Loss from operations (75,797) (22,480) (57,085) (151,494) (19,245) (212,246)
Interest income 1,548 498 4,483 2,163 672 7,928
Interest expense and other (5,459) (9,587) (27,569) (7,374) (17) (522)
Loss before income taxes (79,708) (31,569) (80,171) (156,705) (18,590) (204,840)
Provision for income taxes (134) (449) (425) (1,000) — —
Net loss (79,842) (32,018) (80,596) (157,705) (18,590) (204,840)
Less: Series A redeemable convertible preferred stock dividend — — (220) (3,018) (423) (1,514)
Less: Accretion to redemption value of Series A redeemable convertible preferred
stock — — (1,445) — — —
Net loss attributable to common stockholders $ (79,842) $ (32,018) $ (82,261) $(160,723) $ (19,013) $ (206,354)
Net loss per share
Basic and diluted $ (0.99) $ (0.48) $ (1.61) $ (3.74) $ (0.47) $ (5.55)
Weighted average shares used to calculate basic and diluted net loss per share 80,264 66,784 51,219 42,956 40,850 37,175
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