TiVo 2010 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2010 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.

Page out of 51

  • 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

TIVO INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share and share amounts)
January 31, 2011 January 31, 2010
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 71,221 $ 70,891
Short-term investments 138,216 173,691
Accounts receivable, net of allowance for doubtful accounts of $275 and $409 16,011 16,996
Inventories 13,228 12,110
Deferred cost of technology revenues, current 13,760 441
Prepaid expenses and other, current 6,983 8,245
Total current assets 259,419 282,374
LONG-TERM ASSETS
Property and equipment, net of accumulated depreciation of $44,682 and $40,934, respectively 10,229 10,098
Purchased technology, capitalized software, and intangible assets, net of accumulated amortization of $15,110
and $12,501, respectively 6,956 9,565
Deferred cost of technology revenues, long-term 2,100 —
Prepaid expenses and other, long-term 1,224 1,263
Long-term investments 5,890 7,512
Total long-term assets 26,399 28,438
Total assets $ 285,818 $ 310,812
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable $ 18,052 $ 20,712
Accrued liabilities 30,115 24,786
Deferred revenue, current 33,792 38,952
Total current liabilities 81,959 84,450
LONG-TERM LIABILITIES
Deferred revenue, long-term 34,857 28,990
Deferred rent and other long-term liabilities 246 231
Total long-term liabilities 35,103 29,221
Total liabilities 117,062 113,671
COMMITMENTS AND CONTINGENCIES (see Note 10)
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 117,420,874 and
110,434,022, respectively and outstanding shares are 116,475,318 and 109,869,062, respectively 117 110
Treasury stock, at cost - 945,556 shares and 564,960 shares, respectively (8,660) (4,325)
Additional paid-in capital 956,947 896,695
Accumulated deficit (779,225) (694,713)
Accumulated other comprehensive loss (423) (626)
Total stockholders’ equity 168,756 197,141
Total liabilities and stockholders’ equity $ 285,818 $ 310,812
The accompanying notes are an integral part of these consolidated financial statements.
7