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Table of Contents
TIVO INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share and share amounts)
Fiscal Year Ended January 31,
2012 2011 2010
Revenues
Service revenues $ 131,341 $ 140,649 $ 159,772
Technology revenues 58,945 27,341 29,907
Hardware revenues 47,893 51,618 48,787
Net revenues 238,179 219,608 238,466
Cost of revenues
Cost of service revenues 35,865 40,515 40,878
Cost of technology revenues 23,056 18,813 20,703
Cost of hardware revenues 59,439 69,033 65,909
Total cost of revenues 118,360 128,361 127,490
Gross margin 119,819 91,247 110,976
Research and development 110,367 81,604 63,039
Sales and marketing 26,388 27,587 23,270
Sales and marketing, subscription acquisition costs 7,392 8,169 5,048
General and administrative 96,502 59,487 44,801
Litigation Proceeds (230,160) — —
Total operating expenses 10,489 176,847 136,158
Income (loss) from operations 109,330 (85,600) (25,182)
Interest income 5,672 1,397 1,039
Interest expense and other income (expense) (12,034) (145) 83
Income (loss) before income taxes 102,968 (84,348) (24,060)
Benefit from (provision for) income taxes (807) (164) 1,024
Net income (loss) $ 102,161 $ (84,512) $ (23,036)
Net income (loss) per common share
Basic $ 0.88 $ (0.74) $ (0.22)
Diluted $ 0.80 $ (0.74) $ (0.22)
Income (loss) for purposes of computing net income (loss) per share:
Basic 102,161 (84,512) (23,036)
Diluted 109,140 (84,512) (23,036)
Weighted average common and common equivalent shares:
Basic 116,592,943 113,490,177 106,182,488
Diluted 136,255,424 113,490,177 106,182,488
The accompanying notes are an integral part of these consolidated financial statements.
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