TiVo 2006 Annual Report Download - page 73

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Table of Contents
TIVO INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
Twelve Months Ended January 31,
2007 2006 2005
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $(47,754) $(36,999) $(79,842)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment and intangibles 7,759 6,345 4,896
Loss on disposal of fixed assets — 2 13
Non-cash interest expense — — 4,854
Recognition of stock-based compensation expense 14,712 385 1,056
Changes in assets and liabilities:
Accounts receivable, net (change includes $1,500 from related parties for the fiscal year ended January 31, 2005) (530) 5,768 (13,748)
Inventories (19,041) 1,165 (3,537)
Prepaid expenses and other (change includes $6,100 from related parties for the fiscal year ended January 31, 2005) 5,643 (3,377) 2,798
Accounts payable 11,963 5,314 3,708
Accrued liabilities (change includes $(880) from related parties for the fiscal year ended January 31, 2005) (663) 4,276 17,354
Deferred revenue (change includes $(1,814) from related parties for the fiscal year ended January 31, 2005) (5,754) 20,329 24,861
Deferred rent and other long-term liabilities 158 217 373
Net cash provided by (used in) operating activities $(33,507) $ 3,425 $(37,214)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of short-term investments (28,621) (15,502) (23,150)
Sales of short-term investments 7,850 15,687 9,075
Acquisition of property and equipment (7,341) (7,075) (3,924)
Acquisition of capitalized software and intangibles (13,125) (3,915) (100)
Net cash used in investing activities $(41,237) $(10,805) $(18,099)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowing under bank line of credit — 3,500 4,500
Payments to bank line of credit — (8,000) —
Payment of financing expenses related to line of credit (641) — —
Proceeds from issuance of common stock, net 64,539 — —
Proceeds from issuance of common stock related to exercise of warrants 3,330 — —
Proceeds from issuance of common stock related to exercise of common stock options 9,075 7,011 1,689
Proceeds from issuance of common stock related to employee stock purchase plan 2,792 2,922 2,409
Payment of redemption of convertible notes payable — — (4,250)
Treasury Stock - repurchase of stock for tax withholding (570) — —
Net cash provided by financing activities $ 78,525 $ 5,433 $ 4,348
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $ 3,781 $ (1,947) $(50,965)
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