Acacia Research Corporation (ACTG) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments707,471339,476168,745162,451136,604146,983135,223
Cash and cash equivalents308,943165,54657,359128,809136,604127,540135,223
Short-term investments398,528173,930111,38633,642 19,443 
Restricted cash and investments     11,51210,725
Receivables9,51750651132,88415326,75033,500
Inventory, net of allowances, customer advances and progress billings8,930      
Inventory8,930      
Capitalized contract cost307   
Other undisclosed current assets4,457117,6872,5096,1372,9383,2454,429
Total current assets:730,682457,669171,765201,472139,695188,490183,877
Noncurrent Assets
Operating lease, right-of-use asset2,0279511,264
Property, plant and equipment4,183    127272
Long-term investments and receivables, including:   8,1952,19518,616 
Long-term investments   8,1952,195  
Other undisclosed long-term investments and receivables     18,616 
Intangible assets, net (including goodwill)56,26316,9127,814    
Goodwill7,470      
Intangible assets, net (excluding goodwill)48,79316,9127,814    
Restricted cash and investments41835,00035,000    
Other noncurrent assets5,2834,9888182362074911,110
Other undisclosed noncurrent assets  1,50014,046166,67188,279162,642
Total noncurrent assets:68,17457,85146,39622,477169,073107,513164,024
TOTAL ASSETS:798,856515,520218,161223,949308,768296,003347,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10,1663,7077,2658,3477,95614,28317,347
Accounts payable5,4401,0191,765    
Accrued liabilities84  1,6501,7032,4431,975
Employee-related liabilities4,1362,2655072054651,593576
Taxes payable506 27    
Settlement liabilities 3081,756    
Other undisclosed accounts payable and accrued liabilities 1153,2106,4925,78810,24714,796
Deferred revenue1,114  
Debt181,248115,663     
Other undisclosed current liabilities7,6625,4464,45022,6881,60113,90815,878
Total current liabilities:200,190124,81611,71531,0359,55728,19133,225
Noncurrent Liabilities
Long-term debt and lease obligation2,0279511,264    
Operating lease, liability2,0279511,264
Liabilities, other than long-term debt36,5857,2314,161   210
Deferred revenue581  
Deferred tax liabilities, net   210
Deferred income tax liabilities18,552  
Other liabilities6,161591593    
Derivative instruments and hedges, liabilities11,2916,6403,568    
Other undisclosed noncurrent liabilities114,82679,06917,9741,6743,552369311
Total noncurrent liabilities:153,43887,25123,3991,6743,552369521
Total liabilities:353,628212,06735,11432,70913,10928,56033,746
Stockholders' equity
Stockholders' equity attributable to parent419,433281,487173,125189,393294,301265,589310,211
Common stock49495050515051
Treasury stock, value(47,281)(43,270)(39,272)(39,272)(34,640)(34,640)(34,640)
Additional paid in capital648,389651,416652,003651,156648,996642,453633,146
Accumulated other comprehensive loss    (88)(76)(215)
Accumulated deficit(181,724)(326,708)(439,656)(422,541)(320,018)(342,198)(288,131)
Stockholders' equity attributable to noncontrolling interest11,04211,0421,8331,8471,3581,8543,944
Total stockholders' equity:430,475292,529174,958191,240295,659267,443314,155
Other undisclosed liabilities and equity14,75310,9248,089    
TOTAL LIABILITIES AND EQUITY:798,856515,520218,161223,949308,768296,003347,901

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,00429,78211,246131,50665,402152,699125,037
Revenue, net65,402152,699125,037
Gain on disposition of assets for financial service operations232,25810,197  
Cost of revenue(36,098)(24,824)(18,288)    
Gross profit:(24,094)4,958(7,042)131,50665,402152,699125,037
Operating expenses(37,404)(24,476)(16,376)(111,950)(92,674)(190,108)(277,659)
Other undisclosed operating income (loss)76,043  (44,367)   
Operating income (loss):14,545(19,518)(23,418)(24,811)(27,272)(37,409)(152,622)
Nonoperating income (expense)160,107131,8034,465(1,629)51,911798(56)
Other nonoperating income (expense)   (1,629)51,911798(56)
Interest and debt expense(7,922)(1,889)     
Other undisclosed income from continuing operations before equity method investments, income taxes7,922      
Income (loss) from continuing operations before equity method investments, income taxes:174,652110,396(18,953)(26,440)24,639(36,611)(152,678)
Other undisclosed income (loss) from continuing operations before income taxes 1,889 (77,229)   
Income (loss) from continuing operations before income taxes:174,652112,285(18,953)(103,669)24,639(36,611)(152,678)
Income tax expense (benefit)(24,287)1,1591,824(1,179)(2,955)(18,188)(4,800)
Net income (loss):150,365113,444(17,129)(104,848)21,684(54,799)(157,478)
Net income (loss) attributable to noncontrolling interest(1,168) 14(181)496732(2,558)
Net income (loss) attributable to parent:149,197113,444(17,115)(105,029)22,180(54,067)(160,036)
Preferred stock dividends and other adjustments(1,452)(1,381)     
Undistributed earnings (loss) allocated to participating securities, basic (18,898)   
Other undisclosed net loss available to common stockholders, basic(28,941)(2,835)(307) (33) (694)
Net income (loss) available to common stockholders, basic:118,80490,330(17,422)(105,029)22,147(54,067)(160,730)
Other undisclosed net income (loss) available to common stockholders, diluted69,420(1,859)(2,951)    
Net income (loss) available to common stockholders, diluted:188,22488,471(20,373)(105,029)22,147(54,067)(160,730)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):150,365113,444(17,129)(104,848)21,684(54,799)(157,478)
Other undisclosed comprehensive income (loss)   88(12)139138
Comprehensive income (loss):150,365113,444(17,129)(104,760)21,672(54,660)(157,340)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,168) 14(181)496732(2,558)
Comprehensive income (loss), net of tax, attributable to parent:149,197113,444(17,115)(104,941)22,168(53,928)(159,898)

Statements sources

The financial statements are based on the company's filings with the 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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