InterDigital, Inc. (IDCC) financial statements (2022 and earlier)

Company profile

Business Address 200 BELLEVUE PARKWAY
WILMINGTON, DE 19809-3727
State of Incorp. PA
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 millions)

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 investments7069279259591,158953934
Cash and cash equivalents706473745489433404510
Short-term investments 453179471725549424
Restricted cash and investments6311    
Receivables8870     
Prepaid expense1111     
Contract with customer, asset191016 
Disposal group, including discontinued operation4      
Other current assets53     
Other undisclosed current assets2114656523826877
Total current assets:1,0501,0271,0161,0241,3961,2211,011
Noncurrent Assets
Operating lease, right-of-use asset 23 
Property, plant and equipment13171010111312
Long-term investments and receivables 16 171915 
Long-term investments 16 171915 
Intangible assets, net (including goodwill)36422436477341327278
Goodwill 22 221616 
Intangible assets, net (excluding goodwill)364 436455325311278
Contract with customer, asset, net 9  
Regulated entity, other noncurrent assets 5 2   
Restricted cash and investments 1     
Deferred income tax assets988073
Other noncurrent assets103747660383413
Other undisclosed noncurrent assets 343 3649119161
Total noncurrent assets:578589596602459507464
TOTAL ASSETS:1,6281,6161,6121,6271,8541,7281,474
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities62542927252226
Accrued liabilities2921     
Employee-related liabilities33322927252226
Deferred revenue292220147
Debt  98   227
Restructuring reserve13      
Deferred revenue and credits307360106
Other undisclosed current liabilities52232153454341
Total current liabilities:372296306179376425400
Noncurrent Liabilities
Long-term debt and lease obligation423368351317285272260
Long-term debt, excluding current maturities423368351317285272260
Liabilities, other than long-term debt8115617034320276293
Deferred revenue and credits310261289
Deferred revenue19108124
Other liabilities6148463410154
Other undisclosed noncurrent liabilities   158   
Total noncurrent liabilities:504524520509605548553
Total liabilities:875820826689981973953
Stockholders' equity
Stockholders' equity attributable to parent, including:745773762927855740511
Common stock11     
Treasury stock, value(1,410)(1,380)(1,379)(1,183)(1,072)(1,065)(1,000)
Additional paid in capital714738727686680684663
Accumulated other comprehensive loss(1)(0)(0)(2)(2)(1)(0)
Retained earnings (accumulated deficit)1,4411,4141,4131,426(1,249)1,121847
Other undisclosed stockholders' equity attributable to parent  112,49911
Stockholders' equity attributable to noncontrolling interest8232511181511
Total stockholders' equity:753797786938873754522
TOTAL LIABILITIES AND EQUITY:1,6281,6161,6121,6271,8541,7281,474

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues425359319307533666441
Revenue, net533666441
Cost of revenue(179)(170)(155)(103)(99)(103)(102)
Gross profit:246189164204433563340
Operating expenses(175)(134)(126)(141)(132)(125)(131)
Operating income:71553863301437209
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  29(31)(9)(15)(28)
Interest and debt expense(25)(41)(41)36(18)(2)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 17 (36)1822
Income from continuing operations before equity method investments, income taxes:46312632292422181
Other undisclosed income from continuing operations before income taxes12      
Income from continuing operations before income taxes:58312632292422181
Income tax expense (benefit)(15)7(11)27(122)(117)(65)
Income before gain (loss) on sale of properties:42381559171305116
Other undisclosed net income    443
Net income:42381559174309119
Net income attributable to noncontrolling interest13764443
Other undisclosed net loss attributable to parent    (7)(7)(6)
Net income available to common stockholders, diluted:55452164171305116

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:42381559174309119
Other comprehensive income (loss)(0)(0)20(2)(0)(0)
Other undisclosed comprehensive income   4   
Comprehensive income:42381764173309119
Comprehensive income, net of tax, attributable to noncontrolling interest13764443
Other undisclosed comprehensive loss, net of tax, attributable to parent   (9)(7)(7)(6)
Comprehensive income, net of tax, attributable to parent:55452360169305116

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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