TiVo 2009 Annual Report Download - page 49
Download and view the complete annual report
Please find page 49 of the 2009 TiVo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
 |
 |
Table of Contents
Fiscal Year Ended January 31,
2010 2009 2008 2007 2006
(in thousands, except per share data and share amounts)
Consolidated Statement of Operations Data:
Revenues
Service revenues $ 159,772 $ 188,408 $ 211,496 $ 198,924 $ 167,194
Technology revenues 29,907 20,126 19,382 18,409 2,797
Hardware revenues 47,907 41,133 41,798 41,588 28,138
Net revenues 237,586 249,667 272,676 258,921 198,129
Cost and Expenses
Cost of service revenues 40,878 44,603 42,976 43,328 34,179
Cost of technology revenues 20,703 12,300 17,367 16,849 782
Cost of hardware revenues 65,909 57,742 92,052 112,505 87,005
Research and development 63,039 62,083 58,780 50,728 41,087
Sales and marketing 23,270 24,944 23,987 22,520 18,610
Sales and marketing, subscription acquisition costs 5,048 6,038 31,050 20,767 18,641
General and administrative 44,801 42,931 42,954 45,824 38,529
Litigation Proceeds — (87,811) — — —
Income(loss) from operations (26,062) 86,837 (36,490) (53,600) (40,704)
Interest income 1,039 18,636 5,031 4,767 3,084
Interest expense and other 83 (553) (102) (173) (14)
Income(loss) before income taxes (24,940) 104,920 (31,561) (49,006) (37,634)
Provision for income taxes 1,024 (1,328) (30) (52) (64)
Net income(loss) $ (23,916) $ 103,592 $ (31,591) $ (49,058) $ (37,698)
Net income(loss) per share
Basic $ (0.23) $ 1.03 $ (0.32) $ (0.55) $ (0.45)
Diluted $ (0.23) $ 1.01 $ (0.32) $ (0.55) $ (0.45)
Weighted average shares used to calculate basic net income(loss) per share 106,182,488 100,389,980 97,510,576 89,864,237 83,682,575
Weighted average shares used to calculate diluted net income(loss) per share 106,182,488 102,595,607 97,510,576 89,864,237 83,682,575
As of January 31,
2009 2009 2008 2007 2006
(in thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents $ 70,891 $ 162,337 $ 78,812 $ 89,079 $ 85,298
Short-term investments 173,691 44,991 20,294 39,686 18,915
Total assets 309,413 265,628 167,049 211,950 159,008
Long-term portion of deferred revenues 28,990 28,557 38,128 54,851 67,575
Total stockholders' equity (deficit) 195,742 154,487 16,120 14,644 (30,420)
Quarterly Results of Operations
The following table presents certain unaudited statements of operations data for our eight most recent quarters ended January 31, 2010. In
management's opinion, this unaudited information has been prepared on the same basis as the audited annual financial statements and includes all
adjustments, consisting only of normal recurring adjustments, necessary for a fair representation of the unaudited information for the quarters presented. This
information should be read in conjunction with our audited consolidated financial statements and the notes thereto, included elsewhere in this annual report.
The results of operations for any quarter are not necessarily indicative of results that may be expected for any future period.
45