Company: IDCC
Filing Date: 2025-02-06
Form Type: 10-K
Source: 0001405495-25-000011
Chunk: 91

Company: InterDigital, Inc.
Filing Date: 2025-02-06
Form: 10-K
Item: Item 7
Chunk 91
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 includes our conservative estimates of the minimum cash receipts that we expect to receive under the Samsung and Lenovo arbitrations.

89% of our recurring revenue comes from fixed-fee royalties. Such agreements often have prescribed payment schedules that are uneven and sometimes front-loaded, resulting in timing differences between when we collect the cash payments and recognize the related revenue.

The following table reconciles the timing differences between cash receipts and recognized revenue on a quarterly basis for each of the last two years, including the resulting operating cash flow (in thousands):

2024Cash vs. Non-cash revenue:Q1Q2Q3Q4TotalFixed fee cash receipts (a)$190,985 $33,705 $160,300 $240,945 $625,935 Other cash receipts (b)10,773 14,583 9,919 12,700 47,975 Decrease (increase) in deferred revenue27,542 26,866 (50,495)20,422 24,335 Increase (decrease) in receivables28,337 78,011 (11,220)(24,118)71,010 Other5,905 70,328 20,175 2,853 99,261 Total Revenue$263,542 $223,493 $128,679 $252,802 $868,516 Net cash provided by (used in) operating activities$50,773 $(48,910)$77,631 $192,034 $271,528 

2023Cash vs. Non-cash revenue:Q1Q2Q3Q4TotalFixed fee cash receipts (a)$26,953 $9,406 $368,608 $30,185 $435,152 Other cash receipts (b)22,017 11,087 3,956 19,792 56,852 Decrease (increase) in deferred revenue42,766 38,641 (77,474)45,243 49,176 Increase (decrease) in receivables90,856 92,756 (167,222)47,720 64,110 Other19,781 (50,299)12,238 (37,422)(55,702)Total Revenue$202,373 $101,591 $140,106 $105,518 $549,588 Net cash (used