TiVo 2011 Annual Report Download - page 63
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Table of Contents
TIVO INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share and share amounts)
As of January 31,
2012 2011
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 169,555 $ 71,221
Short-term investments 449,244 138,216
Accounts receivable, net of allowance for doubtful accounts of $370 and $275, respectively 24,665 16,011
Inventories 18,925 13,228
Deferred cost of technology revenues, current 4,400 13,760
Prepaid expenses and other, current 12,106 6,983
Total current assets 678,895 259,419
LONG-TERM ASSETS
Property and equipment, net of accumulated depreciation of $47,170 and $44,682, respectively 9,191 10,229
Purchased technology, capitalized software, and intangible assets, net of accumulated amortization of $17,797 and $15,110,
respectively 4,677 6,956
Deferred cost of technology revenues, long-term 23,546 2,100
Prepaid expenses and other, long-term 3,501 1,224
Long-term investments — 5,890
Total long-term assets 40,915 26,399
Total assets $ 719,810 $285,818
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable $ 32,102 $ 18,052
Accrued liabilities 45,341 30,115
Deferred revenue, current 74,986 33,792
Total current liabilities 152,429 81,959
LONG-TERM LIABILITIES
Deferred revenue, long-term 81,336 34,857
Convertible senior notes 172,500 —
Deferred rent and other long-term liabilities 518 246
Total long-term liabilities 254,354 35,103
Total liabilities 406,783 117,062
COMMITMENTS AND CONTINGENCIES (see Note 9)
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 123,073,486 and 117,420,874,
respectively, and outstanding shares are 121,616,908 and 116,475,318, respectively 123 117
Treasury stock, at cost - 1,456,578 shares and 945,556 shares, respectively (13,788) (8,660)
Additional paid-in capital 1,003,696 956,947
Accumulated deficit (677,064) (779,225)
Accumulated other comprehensive income (loss) 60 (423)
Total stockholders’ equity 313,027 168,756
Total liabilities and stockholders’ equity $ 719,810 $285,818
The accompanying notes are an integral part of these consolidated financial statements.
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