TiVo 2005 Annual Report Download - page 58

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Table of Contents
Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "intend,"
"estimate," "continue," "ongoing," "predict," "potential," and "anticipate" or similar expressions or the negative of those terms or expressions. These
statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to differ
materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the information contained under the
caption Part I, Item 1A. "Risk Factors" in this annual report. The reader is cautioned not to place undue reliance on these forward-looking statements, which
reflect management's analysis only as of the date of this annual report and we undertake no obligation to publicly update or revise any forward-looking
statements in this annual report. The reader is strongly urged to read the information set forth under the caption Part I, Item 1, "Business", Part II, Item 7,
"Management's Discussion and Analysis of Financial Condition and Results of Operations," and Part I, Item 1A, "Risk Factors" for a more detailed
description of these significant risks and uncertainties.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio. We do not use derivative financial instruments in
our investment portfolio and we conduct transactions in U.S. dollars. Our investment portfolio only includes highly liquid instruments with original maturities
of less than one year.
We are subject to fluctuating interest rates that may affect, adversely or otherwise, our results of operations or cash flows for our cash and cash
equivalents and our short-term investments.
The table below presents principal amounts and related weighted average interest rates as of January 31, 2006 for our cash and cash equivalents and
short-term investments.
Cash and cash equivalents and short-term investments (in thousands) $ 104,213
Average interest rate 3.30%
Although payments under the operating lease for our facility are tied to market indices, we are not exposed to material interest rate risk associated with
the operating lease.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
The Company's consolidated financial statements and notes thereto appear on pages 50 to 84 of this Annual Report on Form 10-K. The unaudited
quarterly results of our consolidated operations for our two most recent fiscal years are incorporated herein by reference under Item 6. "Selected Financial
Data."
Index to Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm 55
Consolidated Balance Sheets 56
Consolidated Statements of Operations 57
Consolidated Statements of Stockholders' Equity (Deficit) 58
Consolidated Statements of Cash Flows 61
Notes to Consolidated Financial Statements 63
54