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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
      SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2003

or

|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
      SECURITIES EXCHANGE ACT OF 1934

Commission file number 0-24218

GEMSTAR-TV GUIDE INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)


         
                               Delaware
                  (State or other jurisdiction of
                         incorporation or organization)		                   95-4782077
              (I.R.S. Employer
                   Identification No.)		 
                         
                       

6922 Hollywood Boulevard, 12th Floor, Los Angeles, California 90028
 (Address of principal executive offices including zip code)

 (323) 817-4600
(Registrant’s telephone number, including area code)

        Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  |X|    No  |_|  

        Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).  Yes  |X|    No  |_|  

        As of November 6, 2003, there were outstanding 416,411,755 shares of the registrant’s Common Stock, par value $0.01 per share.


GEMSTAR-TV GUIDE INTERNATIONAL, INC.

INDEX


    Page
PART I.  FINANCIAL INFORMATION  

Item 1.

 Condensed Consolidated Financial Statements
  Condensed Consolidated Balance Sheets as of September 30, 2003 (unaudited) and December 31, 2002

 		2
  Condensed Consolidated Statements of Operations--Unaudited for the three and nine months ended September 30, 2003 and 2002

 3
  Condensed Consolidated Statements of Stockholders' Equity--Unaudited for the three and nine months ended September 30, 2003 and 2002

 4
  Condensed Consolidated Statements of Cash Flows--Unaudited for the nine months ended September 30, 2003 and 2002

 5
  Notes to Condensed Consolidated Financial Statements--Unaudited

 6
Item 2.

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 21
Item 3.

 Quantitative and Qualitative Disclosures About Market Risk

 42
Item 4.

 Controls and Procedures

 42
PART II. OTHER INFORMATION
Item 1.

 Legal Proceedings

 43
Item 6.

 Exhibits and Reports on Form 8-K

 43
Signature

 44

Items 2, 3, 4 and 5 of PART II are not applicable and have been omitted

GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
  September 30,
    2003    
(Unaudited)		 December 31,
    2002    

ASSETS
Current assets:
      Cash and cash equivalents     $ 251,660   $ 350,262  
      Restricted cash    37,449    37,068  
      Marketable securities    4,730    11,456  
      Receivables, net    120,165    152,522  
      Deferred tax asset, net    56,221    41,438  
      Other current assets    28,642    25,202  
            Total current assets    498,867    617,948  
Property and equipment, net    47,129    60,334  
Indefinite-lived intangible assets    316,273    316,273  
Finite-lived intangible assets, net    210,335    347,551  
Goodwill    589,845    589,845  
Investments    2,480    2,403  
Other assets    125,539    154,820  
    $ 1,790,468   $ 2,089,174  
                            LIABILITIES AND STOCKHOLDERS' EQUITY  
Current liabilities:                
      Accounts payable and accrued expenses   $ 204,795   $ 292,427  
      Current portion of long-term debt and capital lease obligations    22,964    92,348  
      Current portion of deferred revenue    195,819    219,417  
            Total current liabilities    423,578    604,192  
Deferred tax liability, net       217,021     242,823  
Long-term debt and capital lease obligations, less current portion    139,133    163,861  
Deferred revenue, less current portion    143,900    163,584  
Other liabilities    22,663    20,244  
Commitments and contingencies                
Stockholders' equity:  
      Common stock, par value $.01 per share    4,209    4,182  
      Additional paid-in capital       8,430,843     8,422,797  
      Accumulated deficit       (7,491,874 )   (7,405,841 )
      Accumulated other comprehensive income, net of tax       344     4,204  
      Unearned compensation       (1,083 )   (32,606 )
      Treasury stock, at cost       (98,266 )   (98,266 )
            Total stockholders' equity     844,173     894,470  
     $ 1,790,468   $ 2,089,174  


See accompanying Notes to Condensed Consolidated Financial Statements.

2


 GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS—UNAUDITED
(In thousands, except per share data)


Three Months Ended
    September 30,    
  2003                 2002

  		 Nine months ended
    September 30,    
  2003                 2002

  
Revenues:                            
       Publishing     $ 101,820   $ 111,767   $ 317,934   $ 351,900  
       Cable and satellite       81,646     99,368     254,640     309,406  
       Consumer electronics licensing     24,144     25,755     89,000     95,358  
        207,610     236,890     661,574     756,664  
Operating expenses:                              
       Operating expenses, exclusive of expenses shown             below       206,502     194,794     596,242     603,225  
       Stock compensation       246     1,318     33,109     19,812  
       Depreciation and amortization       25,022     72,865     155,454     288,064  
       Impairment of intangible assets       -     -     -     1,305,339  
        231,770     268,977     784,805     2,216,440  
Operating loss       (24,160 )   (32,087 )   (123,231 )   (1,459,776 )
Interest expense       (1,285 )   (2,315 )   (5,011 )   (7,906 )
Other expense, net     (603 )  (3,403 )  (2,169 )  (12,168 )
Loss before income taxes and cumulative effect of an         accounting change       (26,048 )   (37,805 )   (130,411 )   (1,479,850 )
Income tax benefit       (7,911 )   (41,682 )   (44,378 )   (550,106 )
(Loss) income before cumulative effect of an accounting         change       (18,137 )   3,877     (86,033 )   (929,744 )
Cumulative effect of an accounting change, net of tax       -     -     -     (4,188,037 )
Net (loss) income     $ (18,137 ) $ 3,877   $ (86,033 ) $ (5,117,781 )
Basic (loss) earnings per share:                            
       (Loss) income before cumulative effect of an             accounting change     $ (0.04 ) $ 0.01   $ (0.21 ) $ (2.26 )
       Cumulative effect of an accounting change, net of tax       -     -     -     (10.18 )
       Net (loss) income     $ (0.04 ) $ 0.01   $ (0.21 ) $ (12.44 )
Diluted (loss) earnings per share:                            
       (Loss) income before cumulative effect of an             accounting change     $ (0.04 ) $ 0.01   $ (0.21 ) $ (2.26 )
       Cumulative effect of an accounting change, net of tax       -     -     -     (10.18 )
       Net (loss) income     $ (0.04 ) $ 0.01   $ (0.21 ) $ (12.44 )
Weighted average shares outstanding       408,515     408,151     408,276     411,428  
Dilutive effect of stock options       -     2,963     -     -  
Weighted average shares outstanding, assuming dilution       408,515     411,114     408,276     411,428  

        See accompanying Notes to Condensed Consolidated Financial Statements.

3

GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY—UNAUDITED
(In thousands)


Three Months Ended
    September 30,    
  2003                 2002

  		 Nine months ended
    September 30,    
  2003                 2002

  
Balance at beginning of period     $ 855,418   $ 2,207,472   $ 894,470   $ 7,374,254  
Net (loss) income      (18,137 )  3,877    (86,033 )  (5,117,781 )
Other comprehensive income (loss), net of taxes    176    (4,979 )  (3,860 )  (8,828 )
Comprehensive loss    (17,961 )  (1,102 )  (89,893 )  (5,126,609 )
Purchase of treasury stock       -     -     -     (63,423 )
Other, principally shares issued pursuant to stock option      plans, including tax benefit, and amortization of unearned      compensation       6,716     1,320     39,596     23,468  
Balance at end of period     $ 844,173   $ 2,207,690   $ 844,173   $ 2,207,690  









        See accompanying Notes to Condensed Consolidated Financial Statements.

4

GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS—UNAUDITED
(In thousands)


Nine Months Ended
  September 30,  
  2003                 2002
Cash flows from operating activities:            
    Net loss     $ (86,033 ) $ (5,117,781 )
    Adjustments to reconcile net loss to net cash (used in) provided by operating
          activities:		                
        Cumulative effect of an accounting change, net of tax       -     4,188,037  
        Depreciation and amortization       155,454     288,064  
        Deferred income taxes     (44,033 )   (579,126 )
        Tax benefit associated with stock options     1,943    1,651  
        Stock compensation    33,109    19,812  
        Impairment of intangible assets       -     1,305,339  
        Accretion of discount on note receivable    (2,347 )  (3,218 )
        Investment write-down    -    17,676  
        Gain on sale of marketable securities     (2,755 )   -  
        Other    1,647    580  
        Changes in operating assets and liabilities:                
            Receivables     32,220    122,909  
            Other assets    28,176