TiVo 2013 Annual Report Download - page 52
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Table of Contents
Service RevenuesThe increase in service revenues of $5.1 million for the fiscal year ended January 31, 2014, as compared to the
same prior year period was primarily due to increases in our MSO service revenues and audience measurement revenues associated with
our acquisition of TRA.
The increase in service revenues of $2.4 million for the fiscal year ended January 31, 2013, as compared to the same prior year period
was primarily due to increases in our MSO service revenues and audience measurement revenues associated with our acquisition of TRA.
Technology Revenues. We derive our technology revenues from licensing agreements associated with our litigation settlements and
from revenues generated from development agreements. Technology revenues for the fiscal years ended January 31, 2014 and 2013
increased as compared to the fiscal year ended January 31, 2012 largely due to recognition of revenue related to license royalties as a result
of our various settlements. For the fiscal years ended January 31, 2014, 2013, and 2012 we had $141.6 million, $77.3 million and $35.3
million, respectively, in revenues related to these settlement agreements.
Revenue and cash from the contractual minimums under our licensing agreements with DISH, AT&T, Verizon, and Motorola/Cisco
through January 31, 2014 have been:
(in thousands)
2012 $35,275 $117,679
2013 76,841 86,356
2014 136,532 464,725
Total $248,648 $668,760
Revenue and cash from the contractual minimums under all our licensing agreements with DISH, AT&T, Verizon, and Motorola/Cisco is
expected to be recognized (revenues) and received (cash) for the remainder of the fiscal year 2014 and on an annual basis for the fiscal years
thereafter as follows:
(in thousands)
2015 169,641 83,579
2016 171,563 83,579
2017 173,129 83,579
2018 174,411 83,579
2019 88,629 31,139
2020 - 2024 8,193 —
Total $785,566 $365,455
Hardware Revenues. Hardware revenues, net of allowance for sales returns and net of revenue share and marketing development
fund payments for the fiscal year ended January 31, 2014 increased by $33.2 million as compared to the same prior year period. These
increases in net hardware revenues are largely related to increased hardware units sold to our MSO customers. These MSO hardware
revenues are likely to decline in future quarters as MSO customers start to transition to Pace and other products.
Hardware revenues, net of allowance for sales returns and net of revenue share and marketing development fund payments for the fiscal
year ended January 31, 2013 increased by $20.7 million as compared to the same prior year period. This increase in net hardware revenues
is largely related to increased hardware units sold at a higher average selling price, as compared to the same prior year period. This increase
in hardware volume is largely associated with sales to cable operators.
Cost of service revenues.
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