Acacia Research Corporation (ACTG) Financial Statements (2024 and earlier)

Company Profile

Business Address 767 3RD AVENUE, 6TH FLOOR
NEW YORK, NY 10017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6794 - Patent Owners and Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments444,791461,701386,144 469,126572,603
Cash and cash equivalents355,188364,227287,786 263,945289,369
Short-term investments89,60397,47498,358 205,181283,234
Receivables6,2678,6668,231 13,6929,141
Inventory, net of allowances, customer advances and progress billings14,00614,72514,222 12,05610,014
Inventory14,00614,72514,222 12,05610,014
Other undisclosed current assets20,72820,09919,388 5,2914,961
Total current assets:485,792505,191427,985 500,165596,719
Noncurrent Assets
Operating lease, right-of-use asset9101,6142,005 2,4152,334
Property, plant and equipment2,9503,2753,537 3,8833,885
Intangible assets, net (including goodwill)38,13141,16544,199 50,19553,229
Goodwill7,5417,5417,541 7,4707,470
Intangible assets, net (excluding goodwill)30,59033,62436,658 42,72545,759
Deferred income tax assets      
Other noncurrent assets6,9255,3595,202 5,0415,273
Total noncurrent assets:48,91651,41354,943 61,53464,721
TOTAL ASSETS:534,708556,604482,928 561,699661,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,26716,43911,283 10,17610,214
Taxes payable539493
Employee-related liabilities4,1084,345
Accounts payable5,7898,4136,036 5,4845,298
Accrued liabilities6,4788,0265,247 4578
Deferred revenue1,0221,2061,229 1,3781,453
Debt 60,45061,35060,450 115,828168,661
Other undisclosed current liabilities4,06711,21814,247 8,83814,081
Total current liabilities:77,80690,21387,209 136,220194,409
Noncurrent Liabilities
Long-term debt and lease obligation:     2,2542,298
Liabilities, other than long-term debt3,4164,2624,858 17,52615,733
Deferred revenue535520568 623660
Deferred income tax liabilities 125502742 3,0523,513
Other liabilities1,8581,6741,675 1,0661,165
Operating lease, liability8981,5661,873 2,2542,298
Derivative instruments and hedges, liabilities     12,78510,395
Other undisclosed noncurrent liabilities 94,89984,964101,615 120,38087,624
Total noncurrent liabilities:98,31589,226106,473 140,160105,655
Total liabilities:176,121179,439193,682 276,380300,064
Equity
Equity, attributable to parent324,391344,645258,280 243,119334,430
Common stock585843 4147
Treasury stock, value(98,258)(98,258)(98,258) (86,781)(58,267)
Additional paid in capital738,712740,187663,284 646,352647,640
Accumulated deficit(316,121)(297,342)(306,789) (316,493)(254,990)
Equity, attributable to noncontrolling interest11,04211,04211,042 25,05511,042
Total equity:335,433355,687269,322 268,174345,472
Other undisclosed liabilities and equity 23,15421,47819,924 17,14515,904
TOTAL LIABILITIES AND EQUITY:534,708556,604482,928 561,699661,440

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues7,90414,803125,318 16,71766,876
Gain (loss) on disposition of assets for financial service operations (7,999)(2,722)  11,49866,876
Cost of revenue(8,943)(9,958)  (9,226)(8,756)
Cost of goods and services sold(3,933)(5,220)  (4,592)(335)
Gross profit:(1,039)4,845  7,49158,120
Operating expenses(11,490)(14,169)  (13,161)(13,259)
Other undisclosed operating loss      (53,369)
Operating loss:(12,529)(9,324)  (5,670)(8,508)
Nonoperating income (expense)(7,895)21,254  (42,020)(79,636)
Other nonoperating income4,3073,441  8631,007
Interest and debt expense(900)(900)  (1,859)(2,601)
Income (loss) from continuing operations before equity method investments, income taxes:(21,324)11,030  (49,549)(90,745)
Other undisclosed income from continuing operations before income taxes900900  1,8592,601
Income (loss) from continuing operations before income taxes:(20,424)11,930  (47,690)(88,144)
Income tax expense (benefit)1,645(2,483)  20014,878
Income (loss) from continuing operations:(18,779)9,447  (47,490)(73,266)
Loss before gain (loss) on sale of properties:(47,490)(73,266)
Net income (loss):(18,779)9,447  (47,490)(73,266)
Net loss attributable to noncontrolling interest    (14,013) 
Net income (loss) attributable to parent:(18,779)9,447  (61,503)(73,266)
Preferred stock dividends and other adjustments (700)(700)  (699)(700)
Other undisclosed net loss available to common stockholders, basic(1,676)(2,789)  (1,241)(1,151)
Net income (loss) available to common stockholders, basic:(21,155)5,958  (63,443)(75,117)
Other undisclosed net loss available to common stockholders, diluted (12,454)    
Net loss available to common stockholders, diluted:(21,155)(6,496)  (63,443)(75,117)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(18,779)9,447  (47,490)(73,266)
Comprehensive income (loss):(18,779)9,447  (47,490)(73,266)
Comprehensive loss, net of tax, attributable to noncontrolling interest    (14,013) 
Comprehensive income (loss), net of tax, attributable to parent:(18,779)9,447  (61,503)(73,266)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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