TiVo 2008 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2008 TiVo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 110

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data as of and for the fiscal years ended January 31, 2009, 2008, 2007, 2006, and 2005, respectively, have been derived
from our consolidated financial statements audited by KPMG LLP, independent registered public accounting firm. 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."
Fiscal Year Ended January 31,
2009 2008 2007 2006 2005
(in thousands, except share and per share)
Consolidated Statement of Operations Data:
Revenues
Service revenues $ 188,408 $ 211,496 $ 198,924 $ 167,194 $ 107,166
Technology revenues 20,126 19,382 18,409 2,797 6,491
Hardware revenues 41,133 41,798 41,588 28,138 59,354
Net revenues 249,667 272,676 258,921 198,129 173,011
Cost and Expenses
Cost of service revenues 44,603 42,976 43,328 34,179 29,360
Cost of technology revenues 12,300 17,367 16,849 782 6,575
Cost of hardware revenues 57,742 92,052 112,505 87,005 120,424
Research and development 62,083 58,780 50,728 41,087 37,634
Sales and marketing 24,944 23,987 22,520 18,610 16,998
Sales and marketing, subscription acquisition costs 6,038 31,050 20,767 18,641 21,325
General and administrative 42,931 42,954 45,824 38,529 16,788
Litigation proceeds (87,811) — — — —
Income(loss) from operations 86,837 (36,490) (53,600) (40,704) (76,093)
Interest income 18,636 5,031 4,767 3,084 1,548
Interest expense and other (553) (102) (173) (14) (5,459)
Income(loss) before income taxes 104,920 (31,561) (49,006) (37,634) (80,004)
Provision for income taxes (1,328) (30) (52) (64) (134)
Net income(loss) $ 103,592 $ (31,591) $ (49,058) $ (37,698) $ (80,138)
Net income(loss) per share
Basic $ 1.03 $ (0.32) $ (0.55) $ (0.45) $ (1.00)
Diluted $ 1.01 $ (0.32) $ (0.55) $ (0.45) $ (1.00)
Weighted average shares used to calculate basic net income(loss)
per share 100,389,980 97,510,576 89,864,237 83,682,575 80,263,980
Weighted average shares used to calculate diluted net income(loss)
per share 102,595,607 97,510,576 89,864,237 83,682,575 80,263,980
As of January 31,
2009 2008 2007 2006 2005
(in thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents $ 162,337 $ 78,812 $ 89,079 $ 85,298 $ 87,245
Short-term investments 44,991 20,294 39,686 18,915 19,100
Total assets 265,628 167,049 211,950 159,008 160,052
Long-term portion of deferred revenues 28,557 38,128 54,851 67,575 63,131
Total stockholders' equity (deficit) 154,487 16,120 14,644 (30,420) (3,042)
38