TiVo 2005 Annual Report Download - page 40

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Table of Contents
Fiscal Year Ended January 31,
2006 2005 2004 2003 2002
(in thousands, except per share data)
Consolidated Statement of Operations Data:
Revenues
Service revenues $ 167,194 $ 107,166 $ 61,560 $ 39,261 $ 19,297
Technology revenues 3,665 8,310 15,797 20,909 100
Hardware revenues 72,093 111,275 72,882 45,620 —
Rebates, revenue share, and other payment to the channel (47,027) (54,696) (9,159) (9,780) —
Net Revenues 195,925 172,055 141,080 96,010 19,397
Cost and Expenses
Cost of service revenues 34,179 29,360 17,705 17,119 19,852
Cost of technology revenues 782 6,575 13,609 8,033 62
Cost of hardware revenues 84,216 120,323 74,836 44,647 —
Research and development 41,087 37,634 22,167 20,714 27,205
Sales and marketing 35,047 37,367 18,947 48,117 104,897
General and administrative 38,018 16,593 16,296 14,465 18,875
Loss from operations (37,404) (75,797) (22,480) (57,085) (151,494)
Interest income 3,084 1,548 498 4,483 2,163
Interest expense and other (14) (5,459) (9,587) (27,569) (7,374)
Loss before income taxes (34,334) (79,708) (31,569) (80,171) (156,705)
Provision for income taxes (64) (134) (449) (425) (1,000)
Net Loss (34,398) (79,842) (32,018) (80,596) (157,705)
Less: Series A redeemable convertible preferred stock dividend — — — (220) (3,018)
Less: Accretion to redemption value of Series A redeemable convertible preferred stock — — — (1,445) —
Net loss attributable to common shareholder $ (34,398) $ (79,842) $ (32,018) $ (82,261) $ (160,723)
Net loss per share
Basic and diluted $ (0.41) $ (0.99) $ (0.48) $ (1.61) $ (3.74)
Weighted average shares used to calculate basic and diluted net loss per share 83,683 80,264 66,784 51,219 42,956
As of January 31,
2006 2005 2004 2003 2002
(in thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents $ 85,298 $ 87,245 $138,210 $ 40,401 $ 46,527
Short-term investments 18,915 19,100 5,025 3,800 5,800
Total assets 161,609 160,052 183,891 82,320 149,934
Current redeemable convertible preferred stock — — — — 2
Long-term portion of convertible notes payable — — 6,005 4,265 18,315
Long-term portion of convertible notes payable-related parties — — — 3,920 9,426
Long-term portion of deferred revenues 67,575 63,131 46,035 32,373 23,552
Long-term portion of obligations under capital lease — — — — 2
Total paid-in capital for current redeemable convertible preferred stock and redeemable common
stock — — — — 46,553
Total stockholders' equity (deficit) (26,771) (2,692) 65,632 (24,697) (29,944)
36