Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 7

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 Royalties and contingent legal fees payable231 (5,917)Deferred revenue164 (159)Net cash provided by operating activities52,545 70,977 Cash flows from investing activities:Acquisition, net of cash acquired and working capital adjustments (Note 3)1,230 — Patent acquisition— (9,000)Purchases of equity securities(12,543)(15,544)Sales of equity securities15,165 57,854 Purchases of property and equipment(940)(508)Net additions to oil and gas properties(3,363)(142,635)Net cash used in investing activities(451)(109,833)Cash flows from financing activities:Contributions from noncontrolling interest— 15,250 Borrowings on the Benchmark revolving credit facility— 71,475 Paydown of Benchmark revolving credit facility(8,500)— Paydown of Deflecto term loan(1,200)— Taxes paid related to net share settlement of share-based awards(670)(1,068)Proceeds from exercise of stock options30 223 Net cash (used in) provided by financing activities(10,340)85,880 Effect of exchange rates on cash and cash equivalents1,087 (127)Increase in cash and cash equivalents42,841 46,897 Cash and cash equivalents, beginning273,880 340,091 Cash and cash equivalents, ending$316,721 $386,988 Supplemental schedule of cash flow information:Noncash investing and financing activities:Patent acquisition of prepaid option 15,000 — Accrued patent costs— 5,000 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 

7

ACACIA RESEARCH CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. DESCRIPTION OF BUSINESS 

Acacia Research Corporation (the “Company,” “Acacia,” “we,” “us,” or “our”) is a disciplined value-oriented acquirer and operator of businesses across public and private markets and industries including but not limited to the industrial, energy and technology sectors. We acquire businesses with a view towards strong free cash flow generation and with an ability to scale where we can tap into our deep industry relationships, significant capital base, and transaction expertise to materially improve performance. We are focused on sourcing, execution, and improvement. We find unique situations and