TiVo 2004 Annual Report Download - page 51
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Table of Contents
Index to Financial Statements
Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations," in particular "Factors That May Affect Future Operating
Results," for a more detailed description of these significant risks and uncertainties.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio. We do not use derivative financial instruments in
our investment portfolio and we conduct transactions in U.S. dollars. Our investment portfolio only includes highly liquid instruments with original maturities
of less than one year.
We are subject to fluctuating interest rates that may affect, adversely or otherwise, our results of operations or cash flows for our cash and cash
equivalents and our short-term investments.
The table below presents principal amounts and related weighted average interest rates as of January 31, 2005 for our cash and cash equivalents and
short-term investments.
Cash and cash equivalents and short-term investments (in thousands) $ 106,345
Average interest rate 1.4%
Although payments under the operating lease for our facility are tied to market indices, we are not exposed to material interest rate risk associated with
the operating lease.
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