TiVo 2003 Annual Report Download - page 55

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Table of Contents
TIVO INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
Year Ended
January 31,
2004
Year Ended
January 31,
2003
Year Ended
January 31,
2002
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (32,018) $ (80,596) $ (157,705)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization of property and equipment 5,489 6,757 6,790
Leasehold improvement impairment — 605 250
Issuance of common stock warrants for marketing services — 23 85
Amortization of prepaid marketing expense 1,003 1,565 5,351
Amortization of prepaid advertising –related parties — 5,000 8,100
Non-cash interest expense 8,139 24,200 4,553
Amortization of prepaid marketing related to value of warrants — 11,615 7,198
Recognition of prepaid marketing expense — — 21,726
Recognition of stock-based compensation expense 173 503 1,247
Amortization of note receivable 627 941 941
Changes in assets and liabilities:
Accounts receivable, net (4,792) (3,654) (351)
Accounts receivable-related parties (229) 5,416 (1,871)
Inventories (1,293) (7,273) —
Prepaid expenses and other (730) (516) 3,479
Prepaid expenses and other-related parties 19 (310) (5,843)
Prepaid expenses and other, long-term 781 1,123 —
Prepaid expenses and other-related parties, long-term 1,706 (92) (4,882)
Accounts payable (232) 8,257 (14,968)
Accrued liabilities 1,265 5,362 (7,245)
Accrued liabilities-related parties (2,479) (23,281) (23,199)
Notes payable-related parties, short-term — (2,262) 2,262
Deferred revenue 12,578 11,214 6,576
Deferred revenue-related parties (4,263) (5,350) 11,427
Long-term deferred revenue 9,522 8,821 11,439
Deferred rent and other long-term liabilities (2,969) (1,238) 3,804
Net cash used in operating activities (7,703) (33,170) (120,836)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment, net (2,041) (1,359) (3,262)
Acquisition of intangibles (350) — —
Net cash used in investing activities (2,391) (1,359) (3,262)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock and warrants — 25,000 —
Payment of issuance costs for common stock and warrants — (650) —
Proceeds from issuance of common stock 101,023 — 14,000
Payment of issuance costs for common stock (843) — (175)
Proceeds from issuance of convertible notes payable with warrants — — 36,750
Proceeds from issuance of convertible notes payable-related party with warrants — — 6,900
Payment of issuance costs for convertible notes payable — — (3,563)
Proceeds from issuance of common stock related to employee stock purchase plan 1,734 1,275 1,206
Proceeds from issuance of common stock related to exercise of common stock options 7,214 1,536 503
Series A redeemable convertible preferred stock dividend — (220) (3,018)
The accompanying notes are an integral part of these statements.
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