TiVo 2006 Annual Report Download - page 60

Table of Contents
For fiscal year ended January 31, 2005, interest expense and other primarily consists of cash and non-cash charges related to interest expense paid for
coupon interest expense on the convertible notes and interest expense paid to our consumer electronics manufacturers according to negotiated deferred
payment schedules.
Fiscal Year Ended January 31,
2007 2006 2005
(In thousands, except percentages)
Total cash interest expense 51 14 608
Total non-cash interest expense — — 4,854
Total interest expense 51 14 5,462
Total other expenses — — (3)
Total interest expense and other 51 14 5,459
Change from same prior-year period 264% -100% -43%
Provision for income taxes. Income tax provision was $52,000, $64,000, and $134,000 in fiscal 2007, 2006 and 2005 due to state income taxes
and foreign withholding taxes paid.
Liquidity and Capital Resources
We have financed our operations and met our capital expenditure requirements primarily from the proceeds of the sale of equity and debt securities. Our
cash resources are subject, in part, to the amount and timing of cash received from our subscriptions, licensing and engineering services customers, and
hardware customers. At January 31, 2007, we had $128.8 million of cash and cash equivalents and short-term investments. We believe our cash and cash
equivalents, short term investments, combined with funds generated/used from operations, and our revolving line of credit facility with Citigroup represent
sufficient resources to fund operations, capital expenditures, and working capital needs through the next twelve months.
Statement of Cash Flows Discussion
Our primary sources of liquidity are cash flows provided by operations and by financing activities. Although we currently anticipate these sources of
liquidity will be sufficient to meet our cash needs through the next twelve months, we may require or choose to obtain additional financing. Our ability to
obtain financing will depend, among other things, on our development efforts, business plans, operating performance, and the condition of the capital markets
at the time we seek financing. We cannot assure you that additional financing will be available to us on favorable terms when required, or at all. If we raise
additional funds through the issuance of equity, equity-linked or debt securities, those securities may have rights, preferences or privileges senior to the rights
of our common stock, and our stockholders may experience dilution. Please refer to Part I, Item 1A, "Risk Factors" for further discussion.
The following table summarizes our cash flow activities:
Fiscal Year Ended January 31,
2007 2006 2005
(In thousands)
Net cash provided by (used in) operating activities $ (33,507) $ 3,425 $ (37,214)
Net cash used in investing activities $ (41,237) (10,805) (18,099)
Net cash provided by financing activities $ 78,525 5,433 4,348
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