TiVo 2013 Annual Report Download - page 100
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Table of Contents
(in thousands)
2012 $35,275 $117,679
2013 76,841 86,356
2014 136,532 464,725
Total $248,648 $668,760
Revenues and cash from the contractual minimums under all our licensing agreements with DISH, AT&T, Verizon, and Motorola/Cisco
is expected to be recognized (revenues) and received (cash) for fiscal year 2015 and on an annual basis for the fiscal years thereafter as
follows:
(in thousands)
2015 169,641 83,579
2016 171,563 83,579
2017 173,129 83,579
2018 174,411 83,579
2019 88,629 31,139
2020 - 2024 8,193 —
Total $785,566 $365,455
On February 14, 2014, TiVo Inc. (TiVo) completed its previously announced acquisition of Digitalsmiths Corporation, a Delaware
corporation (Digitalsmiths). Pursuant to the Agreement and Plan of Merger, TiVo, through its wholly-owned subsidiary, Dragonfly Merger
Corp., a Delaware corporation, acquired all of the issued and outstanding shares of Digitalsmiths for $135 million in cash, subject to
customary working capital adjustments, at which time Digitalsmiths became a wholly owned subsidiary of TiVo.
The following table presents certain unaudited statements of operations data for the Company's eight most recent quarters ended
January 31, 2014. In management’s opinion, this unaudited information has been prepared on the same basis as the audited annual
financial statements and includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair representation of the
unaudited information for the quarters presented. This information should be read in conjunction with the Company's audited consolidated
financial statements and the notes thereto, included elsewhere in this annual report. The results of operations for any quarter are not
necessarily indicative of results that may be expected for any future period.
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