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Table of Contents
TIVO INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
January 31, 2009 January 31, 2008
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 162,337 $ 78,812
Short-term investments 44,991 20,294
Accounts receivable, net of allowance for doubtful accounts of $770 and $1,194 in 2009 and 2008, respectively 14,283 20,019
Inventories 13,027 17,748
Prepaid expenses and other, current 4,896 3,792
Total current assets 239,534 140,665
LONG-TERM ASSETS
Property and equipment, net 10,285 11,349
Purchased technology, capitalized software, and intangible assets, net 10,597 13,522
Prepaid expenses and other, long-term 1,268 1,513
Long-term investments 3,944 —
Total long-term assets 26,094 26,384
Total assets $ 265,628 $ 167,049
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable $ 9,844 $ 23,615
Accrued liabilities 25,054 29,536
Deferred revenue, current 47,560 59,341
Total current liabilities 82,458 112,492
LONG-TERM LIABILITIES
Deferred revenue, long-term 28,557 38,128
Deferred rent and other long-term liabilities 126 309
Total long-term liabilities 28,683 38,437
Total liabilities 111,141 150,929
COMMITMENTS AND CONTINGENCIES (see Note 11)
STOCKHOLDERS' EQUITY
Preferred stock, par value $0.001:
Authorized shares are 10,000,000;
Issued and outstanding shares - none — —
Common stock, par value $0.001:
Authorized shares are 275,000,000;
Issued shares are 103,604,015 and 100,098,426 and outstanding shares are 103,370,523 and 99,970,947 in 2009
and 2008, respectively 104 100
Additional paid-in capital 829,273 792,654
Accumulated deficit (672,196) (775,788)
Treasury stock, at cost - 233,492 shares and 127,479 shares, respectively (1,659) (846)
Accumulated other comprehensive loss (1,035) —
Total stockholders' equity 154,487 16,120
Total liabilities and stockholders' equity $ 265,628 $ 167,049
The accompanying notes are an integral part of these consolidated financial statements.
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