TiVo 2015 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2015 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 141

  • 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

Table of Contents
ROVI CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
The accompanying notes are an integral part of these Consolidated Financial Statements.
F
-
4
Year Ended December 31,
2015
2014
2013
Revenues
$
526,271
$
542,311
$
537,390
Costs and expenses:
Cost of revenues, excluding amortization of intangible assets
102,970
107,253
96,361
Research and development
100,627
107,114
111,326
Selling, general and administrative
154,448
138,368
147,544
Depreciation
17,410
17,540
16,775
Amortization of intangible assets
76,982
77,887
74,413
Restructuring and asset impairment charges
2,160
10,939
7,638
Gain on sale of patents
(82
)
(500
)
—
Total costs and expenses
454,515
458,601
454,057
Operating income from continuing operations
71,756
83,710
83,333
Interest expense
(46,826
)
(54,768
)
(62,019
)
Interest income and other, net
716
4,069
2,775
(Loss) income on interest rate swaps
(13,368
)
(17,874
)
2,898
Loss on debt extinguishment
(2,815
)
(5,159
)
(2,761
)
Loss on debt modification
—
(
3,775
)
(1,351
)
Income from continuing operations before income taxes
9,463
6,203
22,875
Income tax expense
13,755
19,725
1,540
(Loss) income from continuing operations, net of tax
(4,292
)
(13,522
)
21,335
Loss from discontinued operations, net of tax
—
(
56,222
)
(193,425
)
Net loss
$
(4,292
)
$
(69,744
)
$
(172,090
)
Basic loss per share:
Continuing operations
$
(0.05
)
$
(0.15
)
$
0.22
Discontinued operations
—
(
0.61
)
(1.97
)
Basic loss per share
$
(0.05
)
$
(0.76
)
$
(1.75
)
Weighted average shares used in computing basic loss per share
84,133
91,654
98,371
Diluted loss per share:
Continuing operations
$
(0.05
)
$
(0.15
)
$
0.22
Discontinued operations
—
(
0.61
)
(1.96
)
Diluted loss per share
$
(0.05
)
$
(0.76
)
$
(1.74
)
Weighted average shares used in computing diluted loss per share
84,133
91,654
99,092