TiVo 2008 Annual Report Download - page 62

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Table of Contents
TIVO INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share )
Fiscal Year Ended January 31,
2009 2008 2007
Revenues
Service revenues $ 188,408 $ 211,496 $ 198,924
Technology revenues 20,126 19,382 18,409
Hardware revenues 41,133 41,798 41,588
Net revenues 249,667 272,676 258,921
Cost of revenues
Cost of service revenues (1) 44,603 42,976 43,328
Cost of technology revenues (1) 12,300 17,367 16,849
Cost of hardware revenues 57,742 92,052 112,505
Total cost of revenues 114,645 152,395 172,682
Gross margin 135,022 120,281 86,239
Research and development (1) 62,083 58,780 50,728
Sales and marketing (1) 24,944 23,987 22,520
Sales and marketing, subscription acquisition costs 6,038 31,050 20,767
General and administrative (1) 42,931 42,954 45,824
Litigation proceeds (87,811) — —
Total operating expenses 48,185 156,771 139,839
Income (loss) from operations 86,837 (36,490) (53,600)
Interest income 18,636 5,031 4,767
Interest expense and other (553) (102) (173)
Income (loss) before income taxes 104,920 (31,561) (49,006)
Provision for income taxes (1,328) (30) (52)
Net income (loss) $ 103,592 $ (31,591) $ (49,058)
Net income (loss) per common share - basic $ 1.03 $ (0.32) $ (0.55)
Net Income (loss) per common share - diluted $ 1.01 $ (0.32) $ (0.55)
Weighted average common shares used to calculate basic net income (loss) per share 100,389,980 97,510,576 89,864,237
Weighted average common shares used to calculate diluted net income (loss) per share 102,595,607 97,510,576 89,864,237
(1) Includes stock-based compensation expense as follows:
Cost of service revenues $ 903 $ 729 $ 470
Cost of technology revenues 2,071 2,422 1,020
Research and development 8,805 7,326 5,596
Sales and marketing 2,089 2,205 1,649
General and administrative 9,552 10,157 5,977
The accompanying notes are an integral part of these consolidated financial statements.
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