Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 65

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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Recurring Fair Value MeasurementsOur financial assets are generally included within short-term investments on our condensed consolidated balance sheets, unless otherwise indicated. Our financial assets and liabilities that are accounted for at fair value on a recurring basis are presented in the tables below as of September 30, 2025 and December 31, 2024 (in thousands): Fair Value as of September 30, 2025 Level 1Level 2Level 3TotalAssets:    Money market and demand accounts (a)$836,578 $— $— $836,578 Commercial paper (b)— 71,271 — 71,271 U.S. government securities— 234,542 — 234,542 Corporate bonds, asset backed and other securities— 129,107 — 129,107   Total$836,578 $434,920 $— $1,271,498  Fair Value as of December 31, 2024 Level 1Level 2Level 3TotalAssets:    Money market and demand accounts (a)$535,745 $— $— $535,745 Commercial paper (b)— 78,870 — 78,870 U.S. government securities— 230,561 — 230,561 Corporate bonds, asset backed and other securities (c)— 137,219 — 137,219   Total$535,745 $446,650 $— $982,395 ______________________________(a)Primarily included within cash and cash equivalents.(b)As of September 30, 2025 and December 31, 2024, $12.1 million and $4.1 million of commercial paper was included within cash and cash equivalents, respectively.(c)As of December 31, 2024,  $11.7 million of corporate bonds, asset backed and other securities was included within cash and cash equivalents, respectively.Fair Value of Long-Term DebtConvertible NotesThe principal amount, carrying value and related estimated fair value of the Company's convertible notes (the "Convertible Notes") reported as of September 30, 2025 and December 31, 2024 was as follows (in thousands). The aggregate fair value of the principal amount of the Convertible Notes is a Level 2 fair value measurement.September 30, 2025December 31, 2024