TiVo 2005 Annual Report Download - page 57

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Table of Contents
Other commercial commitments as of January 31, 2006, were as follows:
Total
Less than
1 year 1-3 years 3-5 years
Over
5 years
(In thousands)
Standby letter of credit $ 477 $ — $ 477 $ — $ —
Total contractual obligations $ 477 $ — $ 477 $ — $ —
Off-Balance Sheet Arrangements
As part of our ongoing business, we generally do not engage in transactions that generate relationships with unconsolidated entities or financial
partnerships, such as entities often referred to as structured finance or special purpose entities. Accordingly, our operating results, financial condition, and
cash flows are not generally subject to off-balance sheet risks associated with these types of arrangements. We did not have any material off-balance sheet
arrangements at January 31, 2006.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This annual report on Form 10-K contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as
amended, and section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to, among other things:
• our future investments in subscription acquisition activities, including rebate offers to consumers, advertising expenditures, and other marketing
activities;
• our future earnings including expected future service and technology revenues;
• our financial results, and expectations for profitability in the future;
• possible future increases in our general and administrative expenses, including expenditures related to lawsuits involving us such as the EchoStar
patent infringement cases;
• possible future increases in our operating expenses, including increases in customer support and retention expenditures;
• future subscription growth of both TiVo-Owned and DIRECTV subscriptions;
• our estimates of the useful life of TiVo-enabled DVRs in connection with the recognition of revenue received from product lifetime subscriptions;
• consumer rebate redemption rates and sales incentive programs;
• our intentions to continue to grow the number of TiVo-Owned subscriptions through our relationships with major retailers;
• our expectations related to future increases in advertising and audience measurement research revenues;
• our expectations related to changes in the cost of our hardware revenues and the reasons for changes in the volume of DVRs sold to retailers;
• our ability to fund operations, capital expenditures, and working capital needs during the next year; and
• our ability to raise additional capital through the financial markets in the future.
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