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Our consolidated balance sheets as of December 31, 2021 and 2020, and the related consolidated statements of operations, equity, comprehensive income (loss) and cash flows for each of the years in the three-year period ended December 31, 2021 are set forth in this Annual Report at Item 15(a)(1).
−Removed: SELECTED QUARTERLY FINANCI AL INFORMATION (UNAUDITED)
−Removed: The following table presents our unaudited quarterly results of operations for the eight quarters in the periods ended December 31, 2020 and 2019.
−Removed: The following table should be read in conjunction with the consolidated financial statements and related notes contained elsewhere in this Annual Report.
−Removed: We have prepared the unaudited information on the same basis as our audited consolidated financial statements.
−Removed: This table includes all adjustments, consisting only of normal recurring adjustments, that we consider necessary for fair statement of our financial position and operating results for the quarters presented.
−Removed: Operating results for any quarter are not necessarily indicative of results for any future quarters or for a full year.
−Removed: We employ a calendar month-end reporting period for our quarterly reporting.
−Removed: Three Months Ended (1)
−Removed: (in thousands, except per share amounts)
−Removed: Licensing, services and software
−Removed: Total Revenue
−Removed: Operating expenses:
−Removed: Cost of licensing, services and software revenue, excluding depreciation and amortization of intangible assets
−Removed: Cost of hardware revenue, excluding depreciation and amortization of intangible assets
−Removed: Research, development and other related costs
−Removed: Selling, general and administrative
−Removed: Depreciation expense
−Removed: Amortization expense
−Removed: Litigation expense
−Removed: Total operating expenses
−Removed: Operating income (loss)
−Removed: Interest expense
−Removed: Other income, net
−Removed: Loss on debt extinguishment
−Removed: Income (loss) before taxes
−Removed: Provision for (benefit from) income taxes
−Removed: Net income (loss)
−Removed: Net loss attributable to noncontrolling interest
−Removed: Net income (loss) attributable to the Company
−Removed: Income (loss) per share attributable to the Company:
−Removed: Weighted average number of shares used in per share calculations-basic
−Removed: Weighted average number of shares used in per share calculations-diluted
−Removed: The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods.
−Removed: This is due to the effects of rounding and changes in the number of weighted-average shares outstanding for each period.
−Removed: Three months ended June 30, 2020 include one month of financial results of TiVo following the Mergers as well as related one-time merger related transaction costs.
−Removed: All periods subsequent to June 2020 include financial results from TiVo post-merger .
−Removed: Other Supplementary Data
−Removed: The following tables present our quarterly unaudited non-GAAP financial measures for the eight quarters in the periods ended December 31, 2020 and 2019.
−Removed: The non-GAAP financial measures adjust for either one-time or ongoing non-cash acquired intangibles amortization charges;
−Removed: costs related to actual or planned business combinations including transaction fees, integration costs, severance, facility closures, and retention bonuses;
−Removed: separation costs;
−Removed: and all forms of stock-based compensation.
−Removed: We believe that the non-GAAP measures used in this report provide investors with important perspectives into our ongoing business performance.
−Removed: Our management uses these non-GAAP financial measures when evaluating our operating performance.
−Removed: The non-GAAP financial measures disclosed by us should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated.
−Removed: Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies.
−Removed: Other companies may use the same or similarly named measures, but exclude different items, which may not provide readers with a comparable view of our performance in relation to other companies.
−Removed: Three Months Ended
−Removed: (in thousands)
−Removed: GAAP operating income (loss)
−Removed: Adjustments to GAAP operating income (loss):
−Removed: Stock-based compensation expense:
−Removed: Cost of revenue
−Removed: Research, development and other
−Removed: Selling, general and administrative
−Removed: Amortization expense
−Removed: Merger and integration-related costs:
−Removed: Transaction and other related costs recorded in selling, general and administrative
−Removed: Separation costs recorded in selling, general and administrative
−Removed: Severance and retention recorded to research, development and other
−Removed: Severance and retention recorded to selling, general and administrative
−Removed: Lease impairment recorded in selling, general and administrative
−Removed: Non-GAAP operating income
−Removed: Three Months Ended
−Removed: (in thousands)
−Removed: Cash flow from operations
−Removed: Adjustments to cash flow from operations:
−Removed: Purchases of property & equipment
−Removed: Merger and integration costs
−Removed: Separation-related costs
−Removed: Adjusted free cash flow*
−Removed: * Adjusted free cash flow is defined as operating cash flow, less purchases of property and equipment, plus merger and integration, separation, and severance costs.
−Removed: Additional Financial Data
−Removed: The following table presents our cash tax payments (in thousands):
−Removed: Three Months Ended
−Removed: Cash Tax Payments*
−Removed: * Cash tax payments are defined as total income taxes paid, net of refunds, and are derived from supplemental cash flow disclosure information appearing on the Consolidated Statements of Cash Flows.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.