Acacia Research Corporation (ACTG) Financial Statements (2023 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)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 386,144 | 707,471 | 339,476 | 168,745 | 162,451 | 136,604 | |||
| Cash and cash equivalents | 287,786 | 308,943 | 165,546 | 57,359 | 128,809 | 136,604 | |||
| Short-term investments | 98,358 | 398,528 | 173,930 | 111,386 | 33,642 | ||||
| Receivables | 8,231 | 9,517 | 506 | 511 | 32,884 | 153 | |||
| Inventory, net of allowances, customer advances and progress billings | 14,222 | 8,930 | |||||||
| Inventory | 14,222 | 8,930 | |||||||
| Capitalized contract cost | 307 | ✕ | |||||||
| Other undisclosed current assets | 19,388 | 4,457 | 117,687 | 2,509 | 6,137 | 2,938 | |||
| Total current assets: | 427,985 | 730,682 | 457,669 | 171,765 | 201,472 | 139,695 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,005 | 2,027 | 951 | 1,264 | ✕ | ✕ | |||
| Property, plant and equipment | 3,537 | 4,183 | |||||||
| Long-term investments and receivables | 8,195 | 2,195 | |||||||
| Long-term investments | 8,195 | 2,195 | |||||||
| Intangible assets, net (including goodwill) | 44,199 | 56,263 | 16,912 | 7,814 | |||||
| Goodwill | 7,541 | 7,470 | |||||||
| Intangible assets, net (excluding goodwill) | 36,658 | 48,793 | 16,912 | 7,814 | |||||
| Restricted cash and investments | 418 | 35,000 | 35,000 | ||||||
| Other noncurrent assets | 5,202 | 5,283 | 4,988 | 818 | 236 | 207 | |||
| Other undisclosed noncurrent assets | 1,500 | 14,046 | 166,671 | ||||||
| Total noncurrent assets: | 54,943 | 68,174 | 57,851 | 46,396 | 22,477 | 169,073 | |||
| TOTAL ASSETS: | 482,928 | 798,856 | 515,520 | 218,161 | 223,949 | 308,768 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 11,283 | 10,166 | 3,707 | 7,265 | 8,347 | 7,956 | |||
| Settlement liabilities | ✕ | ✕ | 308 | 1,756 | |||||
| Taxes payable | ✕ | ✕ | 506 | 27 | |||||
| Employee-related liabilities | ✕ | ✕ | 4,136 | 2,265 | 507 | 205 | 465 | ||
| Accounts payable | 6,036 | 5,440 | 1,019 | 1,765 | |||||
| Accrued liabilities | 5,247 | 84 | 1,650 | 1,703 | |||||
| Other undisclosed accounts payable and accrued liabilities | 115 | 3,210 | 6,492 | 5,788 | |||||
| Deferred revenue | 1,229 | 1,114 | ✕ | ✕ | |||||
| Debt | 60,450 | 181,248 | 115,663 | ||||||
| Other undisclosed current liabilities | 14,247 | 7,662 | 5,446 | 4,450 | 22,688 | 1,601 | |||
| Total current liabilities: | 87,209 | 200,190 | 124,816 | 11,715 | 31,035 | 9,557 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 2,027 | 951 | 1,264 | ||||||
| Liabilities, other than long-term debt | 4,858 | 36,585 | 7,231 | 4,161 | |||||
| Deferred revenue | 568 | 581 | ✕ | ✕ | |||||
| Deferred income tax liabilities | 742 | 18,552 | ✕ | ✕ | |||||
| Other liabilities | 1,675 | 6,161 | 591 | 593 | |||||
| Operating lease, liability | 1,873 | 2,027 | 951 | 1,264 | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 11,291 | 6,640 | 3,568 | ||||||
| Other undisclosed noncurrent liabilities | 101,615 | 114,826 | 79,069 | 17,974 | 1,674 | 3,552 | |||
| Total noncurrent liabilities: | 106,473 | 153,438 | 87,251 | 23,399 | 1,674 | 3,552 | |||
| Total liabilities: | 193,682 | 353,628 | 212,067 | 35,114 | 32,709 | 13,109 | |||
| Equity | |||||||||
| Equity, attributable to parent | 258,280 | 419,433 | 281,487 | 173,125 | 189,393 | 294,301 | |||
| Common stock | 43 | 49 | 49 | 50 | 50 | 51 | |||
| Treasury stock, value | (98,258) | (47,281) | (43,270) | (39,272) | (39,272) | (34,640) | |||
| Additional paid in capital | 663,284 | 648,389 | 651,416 | 652,003 | 651,156 | 648,996 | |||
| Accumulated other comprehensive loss | (88) | ||||||||
| Accumulated deficit | (306,789) | (181,724) | (326,708) | (439,656) | (422,541) | (320,018) | |||
| Equity, attributable to noncontrolling interest | 11,042 | 11,042 | 11,042 | 1,833 | 1,847 | 1,358 | |||
| Total equity: | 269,322 | 430,475 | 292,529 | 174,958 | 191,240 | 295,659 | |||
| Other undisclosed liabilities and equity | 19,924 | 14,753 | 10,924 | 8,089 | |||||
| TOTAL LIABILITIES AND EQUITY: | 482,928 | 798,856 | 515,520 | 218,161 | 223,949 | 308,768 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 125,318 | 12,004 | 29,782 | 11,246 | 131,506 | 65,402 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 65,402 | |
| Gain (loss) on disposition of assets for financial service operations | 125,318 | 232,258 | 10,197 | ✕ | ||||
| Cost of revenue | (37,388) | (36,098) | (24,824) | (18,288) | ||||
| Cost of goods and services sold | (19,359) | (438) | ||||||
| Other undisclosed gross profit | (66,095) | |||||||
| Gross profit: | 21,835 | (24,094) | 4,958 | (7,042) | 131,506 | 65,402 | ||
| Operating expenses | (61,927) | (37,404) | (24,476) | (16,376) | (111,950) | (92,674) | ||
| Other undisclosed operating income (loss) | 76,043 | (44,367) | ||||||
| Operating income (loss): | (40,092) | 14,545 | (19,518) | (23,418) | (24,811) | (27,272) | ||
| Nonoperating income (expense) | (87,058) | 160,107 | 131,803 | 4,465 | (1,629) | 51,911 | ||
| Other nonoperating income (expense) | 5,442 | (1,629) | 51,911 | |||||
| Interest and debt expense | (6,432) | (7,922) | (1,889) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 6,432 | 7,922 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (127,150) | 174,652 | 110,396 | (18,953) | (26,440) | 24,639 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,889 | (77,229) | ||||||
| Income (loss) from continuing operations before income taxes: | (127,150) | 174,652 | 112,285 | (18,953) | (103,669) | 24,639 | ||
| Income tax expense (benefit) | 16,211 | (24,287) | 1,159 | 1,824 | (1,179) | (2,955) | ||
| Income (loss) from continuing operations: | (110,939) | 150,365 | 113,444 | (17,129) | (104,848) | 21,684 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 150,365 | 113,444 | (17,129) | (104,848) | 21,684 | |
| Net income (loss): | (110,939) | 150,365 | 113,444 | (17,129) | (104,848) | 21,684 | ||
| Net income (loss) attributable to noncontrolling interest | (14,126) | (1,168) | 14 | (181) | 496 | |||
| Net income (loss) attributable to parent: | (125,065) | 149,197 | 113,444 | (17,115) | (105,029) | 22,180 | ||
| Preferred stock dividends and other adjustments | (2,799) | (1,452) | (1,381) | |||||
| Undistributed earnings (loss) allocated to participating securities, basic | (18,898) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (5,171) | (28,941) | (2,835) | (307) | (33) | |||
| Net income (loss) available to common stockholders, basic: | (133,035) | 118,804 | 90,330 | (17,422) | (105,029) | 22,147 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 69,420 | (1,859) | (2,951) | |||||
| Net income (loss) available to common stockholders, diluted: | (133,035) | 188,224 | 88,471 | (20,373) | (105,029) | 22,147 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (110,939) | 150,365 | 113,444 | (17,129) | (104,848) | 21,684 | ||
| Other undisclosed comprehensive income (loss) | 88 | (12) | ||||||
| Comprehensive income (loss): | (110,939) | 150,365 | 113,444 | (17,129) | (104,760) | 21,672 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (14,126) | (1,168) | 14 | (181) | 496 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (125,065) | 149,197 | 113,444 | (17,115) | (104,941) | 22,168 | ||
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.