Adeia Inc. (ADEA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3025 ORCHARD PARKWAY SAN JOSE, CA 95134 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4841 - Cable and Other Pay Television Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 83,572 | 114,555 | 261,655 | 260,984 | |||
| Cash and cash equivalents | 54,560 | 114,555 | 201,121 | 170,188 | |||
| Short-term investments | 29,012 | 60,534 | 90,796 | ||||
| Receivables | 114,570 | 132,234 | 221,360 | 248,406 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,101 | 9,819 | |||||
| Inventory | 5,101 | 9,819 | |||||
| Other current assets | 7,700 | 11,924 | 36,459 | 40,763 | |||
| Other undisclosed current assets | (5,101) | (13,668) | |||||
| Total current assets: | 205,842 | 258,713 | 519,474 | 546,304 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 9,484 | 5,993 | 68,498 | 80,226 | |||
| Nontrade receivables | 120,338 | 113,679 | |||||
| Property, plant and equipment | 6,971 | 4,550 | 60,974 | 63,207 | |||
| Intangible assets, net (including goodwill) | 660,832 | 746,136 | 1,669,004 | 1,851,408 | |||
| Goodwill | 313,660 | 313,660 | 851,088 | 847,029 | |||
| Intangible assets, net (excluding goodwill) | 347,172 | 432,476 | 817,916 | 1,004,379 | |||
| Contract with customer, asset, after allowance for credit loss | 73,843 | 40,705 | 4,107 | 6,761 | |||
| Other noncurrent assets | 28,246 | 40,750 | 147,965 | 153,270 | |||
| Total noncurrent assets: | 899,714 | 951,813 | 1,950,548 | 2,154,872 | |||
| TOTAL ASSETS: | 1,105,556 | 1,210,526 | 2,470,022 | 2,701,176 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 26,965 | 34,881 | 111,326 | 142,080 | |||
| Accounts payable | 9,623 | 8,546 | 7,811 | 13,045 | |||
| Accrued liabilities | 17,342 | 26,335 | 103,515 | 129,035 | |||
| Deferred revenue | 7,132 | 17,076 | 35,136 | 33,119 | |||
| Debt | 66,145 | 109,813 | 36,095 | 43,689 | |||
| Other undisclosed current liabilities | 1,796 | 4,942 | 7,190 | 5,783 | |||
| Total current liabilities: | 102,038 | 166,712 | 189,747 | 224,671 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 519,550 | 619,580 | 784,050 | 861,904 | |||
| Long-term debt, excluding current maturities | 519,550 | 619,580 | 729,392 | 795,661 | |||
| Liabilities, other than long-term debt | 127,346 | 122,822 | 155,797 | 163,482 | |||
| Accounts payable and accrued liabilities | 81,834 | 87,302 | |||||
| Deferred revenue | 17,672 | 10,683 | 37,107 | 39,775 | |||
| Deferred income tax liabilities | 19,848 | 24,754 | |||||
| Other liabilities | 18,110 | 20,043 | 98,842 | 98,953 | |||
| Operating lease, liability | 9,730 | 4,794 | 54,658 | 66,243 | |||
| Total noncurrent liabilities: | 646,896 | 742,402 | 939,847 | 1,025,386 | |||
| Total liabilities: | 748,934 | 909,114 | 1,129,594 | 1,250,057 | |||
| Equity | |||||||
| Equity, attributable to parent | 356,622 | 301,412 | 1,349,633 | 1,456,877 | |||
| Common stock | 121 | 117 | 113 | 110 | |||
| Treasury stock, value | (222,497) | (211,223) | (178,022) | (77,218) | |||
| Additional paid in capital | 635,331 | 636,266 | 1,340,480 | 1,268,471 | |||
| Accumulated other comprehensive income (loss) | (8) | (51) | (752) | 1,264 | |||
| Retained earnings (accumulated deficit) | (56,325) | (123,697) | 187,814 | 264,250 | |||
| Equity, attributable to noncontrolling interest | (9,205) | (5,758) | |||||
| Total equity: | 356,622 | 301,412 | 1,340,428 | 1,451,119 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,105,556 | 1,210,526 | 2,470,022 | 2,701,176 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 388,788 | 438,933 | 877,696 | 892,020 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (126,758) | |||||
| Gross profit: | 388,788 | 438,933 | 750,938 | 892,020 | ||
| Operating expenses | (252,558) | (285,873) | (714,393) | |||
| Other undisclosed operating loss | (737,126) | |||||
| Operating income: | 136,230 | 153,060 | 13,812 | 177,627 | ||
| Nonoperating income | 6,320 | 2,047 | 2,638 | 4,455 | ||
| Investment income, nonoperating | 1,338 | |||||
| Other nonoperating income | 300 | 1,122 | ||||
| Interest and debt expense | (62,574) | (45,335) | (46,985) | (46,173) | ||
| Income (loss) from continuing operations before income taxes: | 79,976 | 109,772 | (30,535) | 135,909 | ||
| Income tax expense (benefit) | (12,604) | 28,620 | (28,378) | 7,887 | ||
| Income (loss) from continuing operations: | 67,372 | 138,392 | (58,913) | 143,796 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (58,913) | 143,796 | |
| Other undisclosed net loss | (436,978) | |||||
| Net income (loss): | 67,372 | (298,586) | (58,913) | 143,796 | ||
| Net income attributable to noncontrolling interest | 2,706 | 3,456 | 2,966 | |||
| Net income (loss) available to common stockholders, diluted: | 67,372 | (295,880) | (55,457) | 146,762 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 67,372 | (298,586) | (58,913) | 143,796 | ||
| Other comprehensive income (loss) | 43 | (4,380) | (2,016) | 1,317 | ||
| Comprehensive income (loss): | 67,415 | (302,966) | (60,929) | 145,113 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2,706 | 3,456 | 2,966 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 67,415 | (300,260) | (57,473) | 148,079 | ||
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.