Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 72

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 72
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986 — Change in fair values Series A redeemable convertible preferred stock embedded derivatives and Series B warrants— (6,716)Gain on exercise of Series B warrants— (1,525)Compensation expense for share-based awards4,795 3,297 Loss (gain) on foreign currency exchange370 (53)Change in fair value of equity securities31,412 (31,423)(Gain) loss on sale of equity securities(28,861)10,930 Unrealized loss (gain) on derivatives610 (781)Earnings on equity investment in joint venture— (4,167)Deferred income taxes, net of acquired net deferred tax assets(6,051)(3,657)Changes in assets and liabilities:Accounts receivable69,225 (70,313)Inventories1,054 3,301 Prepaid expenses and other assets(9,329)(820)Accounts payable and accrued expenses(8,124)(4,651)Royalties and contingent legal fees payable(5,338)751 Deferred revenue497 (337)Net cash provided by (used in) operating activities$50,122 $(22,506)

72

Cash receipts from ARG’s licensees totaled $91.3 million and $12.2 million for the years ended December 31, 2024 and 2023, respectively. Cash receipts from Printronix's customers totaled $31.0 million and $37.3 million for the years ended December 31, 2024 and 2023, respectively. Cash receipts from Benchmark’s customers totaled $61.7 million for the year ended December 31, 2024 and $1.8 million for the period from November 13, 2023 through December 31, 2023. Cash receipts from Deflecto’s customers totaled $24.3 million for the post acquisition period from October 18, 2024 through December 31, 2024. The fluctuations in cash receipts for the periods presented primarily reflects the corresponding fluctuations in revenues recognized during the same periods, as described above, and the related timing of payments received from licensees and customers.

Our reported cash provided by operations for the year ended December 31, 2024 was $50.1 million, compared to cash used in operations of $22.5 million in the prior year. The increase in cash provided by operations was primarily due to net inflows from the total changes