TIVO » Topics » Contractual Obligations

This excerpt taken from the TIVO 10-Q filed Jun 9, 2009.

Contractual Obligations

 

     Payments due by Period

Contractual Obligations

   Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Operating leases

   $ 2,339    $ 2,061    $ 278    $ —      $ —  

Purchase obligations

     6,626      6,626      —        —        —  
                                  

Total contractual cash obligations

   $ 8,965    $ 8,687    $ 278    $ —      $ —  
                                  

Purchase Commitments with Contract Manufacturers and Suppliers. We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help assure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or that establish the parameters defining our requirements. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed. The table above displays that portion of our purchase commitments arising from these agreements that is firm, non-cancelable, and unconditional. If there are unexpected changes to anticipated demand for our products or in the sales mix of our products, some of the firm, non-cancelable, and unconditional purchase commitments may result into TiVo being committed to purchase excess inventory. The above table does not include a reserve of $47,000 for excess non-cancelable purchase commitments which is included in accrued liabilities on our condensed consolidated balance sheet dated April 30, 2009.

The table above does not include future commitments related to the Second Amendment to our Lease Agreement, entered into on May 15, 2009 which extends TiVo’s current Lease for its corporate headquarters from January 31, 2010 to January 31, 2017. Please refer to “Subsequent Events” set forth under Note 12 of Notes to Unaudited Condensed Consolidated Financial Statements included in Part I, Item 1 of this report.

As of April 30, 2009, the Company recorded gross unrecognized tax benefits of approximately $126,000, which are classified as long-term liabilities in the condensed consolidated balance sheet. At this time, the Company is unable to make a reasonably reliable estimate of the timing of payments in individual years due to uncertainties in the timing of tax audit outcomes; therefore, such amounts are not included in the above contractual obligation table.

Our other commercial commitment as of April 30, 2009, was our standby letter of credit issued to the landlord of our Alviso, California offices in the amount shown below:

 

     Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Standby letter of credit

   $ 327    $ 327    $ —      $ —      $ —  
                                  

Total contractual obligations

   $ 327    $ 327    $ —      $ —      $ —  
                                  

 

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Table of Contents
These excerpts taken from the TIVO 10-K filed Apr 3, 2009.

Contractual Obligations

As of January 31, 2009, we had contractual obligations to make the following cash payments:

 

     Payments due by Period

Contractual Obligations

   Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Operating leases

   $ 2,454    $ 2,454    $ —      $ —      $ —  

Purchase obligations

     1,523      1,523      —        —        —  
                                  

Total contractual cash obligations

   $ 3,977    $ 3,977    $ —      $ —      $ —  
                                  

Purchase Obligations with Contract Manufacturers and Suppliers. We purchase components from a variety of suppliers and use contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help assure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or that establish the parameters defining our requirements. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed. The table above displays that portion of our purchase commitments arising from these agreements that is firm, non-cancelable, and unconditional. If there are unexpected changes to anticipated demand for our products or in the sales mix of our products, some of the firm, non-cancelable, and unconditional purchase commitments may result into TiVo being committed to purchase excess inventory. The above table does not include a reserve of $68,000 for excess non-cancelable purchase commitments which is included in accrued liabilities on our consolidated balance sheet dated January 31, 2009.

As of January 31, 2009, the Company recorded gross unrecognized tax benefits of approximately $126,000, which are classified as long-term liabilities in the Consolidated Balance Sheet. At this time, the Company is unable to make a reasonably reliable estimate of the timing of payments in individual years due to uncertainties in the timing of tax audit outcomes; therefore, such amounts are not included in the above contractual obligation table.

Operating Lease Obligations The Company’s corporate headquarters consists of two buildings located in Alviso, California, which are used for administrative, sales and marketing, customer service, and product research and development activities. Additionally, we have sales offices in New York City, New York and Chicago, Illinois.

Our other commercial commitment as of January 31, 2009, was our standby letter of credit issued to the landlord of our Alviso, California offices in the amount shown below:

 

     Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Standby letter of credit

   $ 327    $ 75    $ 252    $ —      $ —  
                                  

Total contractual obligations

   $ 327    $ 75    $ 252    $ —      $ —  
                                  

Contractual Obligations

As of January 31, 2009, we had contractual obligations to make the following cash payments:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 






























































































































   Payments due by Period

Contractual Obligations

  Total  Less
than 1
year
  1-3 years  3-5 years  Over 5
years
   (In thousands)

Operating leases

  $2,454  $2,454  $—    $—    $—  

Purchase obligations

   1,523   1,523   —     —     —  
                    

Total contractual cash obligations

  $3,977  $3,977  $—    $—    $—  
                    

Purchase Obligations with Contract Manufacturers and Suppliers. We purchase
components from a variety of suppliers and use contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help assure adequate component supply, we
enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or that establish the parameters defining our requirements. In certain instances, these agreements allow
us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed. The table above displays that portion of our purchase commitments arising from these agreements that is firm,
non-cancelable, and unconditional. If there are unexpected changes to anticipated demand for our products or in the sales mix of our products, some of the firm, non-cancelable, and unconditional purchase commitments may result into TiVo being
committed to purchase excess inventory. The above table does not include a reserve of $68,000 for excess non-cancelable purchase commitments which is included in accrued liabilities on our consolidated balance sheet dated January 31, 2009.

As of January 31, 2009, the Company recorded gross unrecognized tax benefits of approximately $126,000, which are classified as
long-term liabilities in the Consolidated Balance Sheet. At this time, the Company is unable to make a reasonably reliable estimate of the timing of payments in individual years due to uncertainties in the timing of tax audit outcomes; therefore,
such amounts are not included in the above contractual obligation table.

Operating Lease Obligations The Company’s
corporate headquarters consists of two buildings located in Alviso, California, which are used for administrative, sales and marketing, customer service, and product research and development activities. Additionally, we have sales offices in New
York City, New York and Chicago, Illinois.

Our other commercial commitment as of January 31, 2009, was our standby letter of credit
issued to the landlord of our Alviso, California offices in the amount shown below:

 









































































































   Total  Less
than 1
year
  1-3 years  3-5 years  Over 5
years
   (In thousands)

Standby letter of credit

  $327  $75  $252  $—    $—  
                    

Total contractual obligations

  $327  $75  $252  $—    $—  
                    
This excerpt taken from the TIVO 10-Q filed Dec 10, 2008.

Contractual Obligations

 

     Payments due by Period

Contractual Obligations

   Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Operating leases

   $ 3,057    $ 2,467    $ 590    $ —      $ —  

Purchase obligations

     7,942      7,942      —        —        —  
                                  

Total contractual cash obligations

   $ 10,999    $ 10,409    $ 590    $ —      $ —  
                                  

Purchase Commitments with Contract Manufacturers and Suppliers. We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help assure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or that establish the parameters defining our requirements. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed. The table above displays that portion of our purchase commitments arising from these agreements that is firm, non-cancelable, and unconditional. If there are unexpected changes to anticipated demand for our products or in the sales mix of our products, some of the firm, non-cancelable, and unconditional purchase commitments may result into TiVo being committed to purchase excess inventory. The above table does not include a reserve of $90,000 for excess non-cancelable purchase commitments which is included in accrued liabilities on our condensed consolidated balance sheet dated October 31, 2008.

As of October 31, 2008, the Company recorded gross unrecognized tax benefits of approximately $900,000, which are classified as long-term liabilities in the Consolidated Balance Sheet. At this time, the Company is unable to make a reasonably reliable estimate of the timing of payments in individual years due to uncertainties in the timing of tax audit outcomes; therefore, such amounts are not included in the above contractual obligation table.

Our other commercial commitment as of October 31, 2008, was our standby letter of credit issued to the landlord of our Alviso, California offices in the amount shown below:

 

     Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Standby letter of credit

   $ 327    $ 75    $ 252    $ —      $ —  
                                  

Total contractual obligations

   $ 327    $ 75    $ 252    $ —      $ —  
                                  
This excerpt taken from the TIVO 10-Q filed Sep 9, 2008.

Contractual Obligations

 

     Payments due by Period

Contractual Obligations

   Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Operating leases

   $ 3,668    $ 2,465    $ 1,203    $ —      $ —  

Purchase obligations

     13,137      13,137      —        —        —  
                                  

Total contractual cash obligations

   $ 16,805    $ 15,602    $ 1,203    $ —      $ —  
                                  

Purchase Commitments with Contract Manufacturers and Suppliers. We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help assure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or that establish the parameters defining our requirements. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed. The table above displays that portion of our purchase commitments arising from these agreements that is firm, non-cancelable, and unconditional. If there are unexpected changes to anticipated demand for our products or in the sales mix of our products, some of the firm, non-cancelable, and unconditional purchase commitments may result into TiVo being committed to purchase excess inventory. The above table does not include a reserve of $259,000 for excess non-cancelable purchase commitments which is included in accrued liabilities on our condensed consolidated balance sheet dated July 31, 2008. Our other commercial commitment as of July 31, 2008, was our standby letter of credit issued to the landlord of our Alviso, California offices in the amount shown below:

 

     Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Standby letter of credit

   $ 402    $ 150    $ 252    $ —      $ —  
                                  

Total contractual obligations

   $ 402    $ 150    $ 252    $ —      $ —  
                                  
This excerpt taken from the TIVO 10-Q filed Jun 9, 2008.

Contractual Obligations

 

     Payments due by Period

Contractual Obligations

   Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Operating leases

   $ 4,250    $ 2,427    $ 1,823    $ —      $ —  

Purchase obligations

     9,825    $ 9,825      —        —        —  
                                  

Total contractual cash obligations

   $ 14,075    $ 12,252    $ 1,823    $ —      $ —  
                                  

Purchase Commitments with Contract Manufacturers and Suppliers. We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help assure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or that establish the parameters defining our requirements. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed. The table above displays that portion of our purchase commitments arising from these agreements that is firm, non-cancelable, and unconditional. If there are unexpected changes to anticipated demand for our products or in the sales mix of our products, some of the firm, non-cancelable, and unconditional purchase commitments may result into TiVo being committed to purchase excess inventory. The above table does not include a reserve of $800,000 for excess non-cancelable purchase commitments which is included in accrued liabilities on our condensed consolidated balance sheet dated April 30, 2008. Our other commercial commitment as of April 30, 2008, was our standby letter of credit issued to the landlord of our Alviso, California offices in the amount shown below:

 

     Total    Less
than 1
year
   1-3 years    3-5 years    Over 5
years
     (In thousands)

Standby letter of credit

   $ 402    $ 75    $ 327    $ —      $ —  
                                  

Total contractual obligations

   $ 402    $ 75    $ 327    $ —      $ —  
                                  
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