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Table of Contents
TIVO INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
As of Fiscal Year Ended January 31,
2006 2005
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 85,298 $ 87,245
Short-term investments 18,915 19,100
Accounts receivable, net of allowance for doubtful accounts of $56 and $104 20,111 25,879
Finished goods inventories 10,939 12,103
Prepaid expenses and other, current 11,069 4,476
Total current assets 146,332 148,803
LONG-TERM ASSETS
Property and equipment, net 9,448 7,780
Capitalized software and intangible assets, net 5,206 2,231
Prepaid expenses and other, long-term 623 1,238
Total long-term assets 15,277 11,249
Total assets $ 161,609 $ 160,052
LIABILITIES AND STOCKHOLDERS' DEFICIT
LIABILITIES
CURRENT LIABILITIES
Bank line of credit $ — $ 4,500
Accounts payable 24,050 18,736
Accrued liabilities 37,449 33,173
Deferred revenue, current 57,902 42,017
Total current liabilities 119,401 98,426
LONG-TERM LIABILITIES
Deferred revenue, long-term 67,575 63,131
Deferred rent and other 1,404 1,187
Total long-term liabilities 68,979 64,318
Total liabilities 188,380 162,744
COMMITMENTS AND CONTINGENCIES (see Note 13)
STOCKHOLDERS' DEFICIT
Preferred stock, par value $0.001:
Authorized shares are 10,000,000
Issued and outstanding shares - none — —
Common stock, par value $0.001:
Authorized shares are 150,000,000
Issued and outstanding shares are 85,376,191 and 82,280,876, respectively 85 82
Additional paid-in capital 667,055 654,746
Deferred compensation (2,421) (428)
Accumulated deficit (691,490) (657,092)
Total stockholders' deficit (26,771) (2,692)
Total liabilities and stockholders' deficit $ 161,609 $ 160,052
The accompanying notes are an integral part of these consolidated statements.
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