TiVo 2013 Annual Report Download - page 101
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Table of Contents
Service revenues 36,317 33,526 34,930 34,062 35,574 35,228 32,302 30,621
Technology revenues 47,716 48,133 42,056 27,725 30,153 25,727 21,825 23,887
Hardware revenues 22,301 35,597 23,104 20,786 23,129 21,072 11,129 13,261
Net revenues 106,334 117,256 100,090 82,573 88,856 82,027 65,256 67,769
Cost of service revenues 15,596 11,233 11,408 10,805 11,619 11,238 8,871 8,379
Cost of technology revenues 4,483 5,612 11,867 3,711 7,318 5,779 3,792 6,286
Cost of hardware revenues 23,163 33,017 21,957 18,496 21,847 23,434 14,431 18,471
Total cost of revenues 43,242 49,862 45,232 33,012 40,784 40,451 27,094 33,136
Gross margin 63,092 67,394 54,858 49,561 48,072 41,576 38,162 34,633
Research and development 26,908 27,242 26,305 26,462 26,614 28,277 29,652 30,560
Sales and marketing 11,238 10,189 9,069 8,507 8,928 7,958 7,243 6,224
Sales and marketing, subscription
acquisition costs 6,038 2,628 1,996 1,859 3,471 1,560 2,372 1,257
General and administrative 16,461 15,839 23,225 21,786 23,708 21,772 25,429 16,166
Litigation Proceeds — — (108,102 )— — (78,441 )— —
2,447 11,496 102,365 (9,053 )(14,649 )60,450 (26,534 )(19,574 )
Interest income 1,272 1,133 1,499 823 808 1,383 852 908
Interest expense and other (1,973)(2,165)(1,965)(1,974)(1,966)(1,958)(1,966)(1,982)
1,746 10,464 101,899 (10,204 )(15,807 )59,875 (27,648 )(20,648 )
Benefit from (provision for) income taxes (1,036)2,023 167,039 (115)31 (848)(93)(126)
710 12,487 268,938 (10,319 )(15,776 )59,027 (27,741 )(20,774 )
Net income (loss) per common share
Basic $0.01 $0.11 $2.27 $0.09 $(0.13)$0.49 $(0.23)$(0.17)
Diluted $0.01 $0.10 $1.96 $0.09 $(0.13)$0.44 $(0.23)$(0.17)
Income (loss) for purposes of computing
net income (loss) per share:
Basic 710 12,487 268,938 (10,319)(15,776)59,027 (27,741)(20,774)
Diluted 710 13,739 270,190 (10,319)(15,776)60,992 (27,741)(20,774)
Weighted average common and common
equivalent shares:
Basic 117,039,907 116,760,061 118,601,346 121,380,553 120,199,937 119,363,613 119,137,118 118,946,297
Diluted 121,668,803 136,736,001 137,992,699 121,380,553 120,199,937 138,587,931 119,137,118 118,946,297
None
Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our
disclosure controls and procedures pursuant to Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 as amended
(the “Exchange Act”) as of the end of the period covered by this report (“the Evaluation Date”). In designing and evaluating the disclosure
controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide
only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must
reflect the fact that there are resource constraints and that we are required to apply our judgment in evaluating the benefits of possible controls
and procedures relative to our costs.
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