Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 91

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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74.9 million and $37.4 million for the nine months ended September 30, 2025 and 2024, respectively. Cash receipts from Deflecto’s customers totaled $86.5 million for the nine months ended September 30, 2025. 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.

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Our reported cash provided by operations for the nine months ended September 30, 2025 was $62.1 million, compared to cash provided by operations of $70.4 million in the comparable prior period. The decrease in cash provided by operations was primarily due to increases from the full-year impacts of the Revolution and Deflecto transactions offset by declines in cash provided by operations from Printronix, IP and Parent.

Working Capital

Our working capital related to cash flows from operating activities at September 30, 2025 decreased to $23.9 million, compared to $36.7 million at December 31, 2024, which was comprised of the changes in assets and liabilities presented above. The decrease is primarily due to the change in prepaid expenses related to the 2025 patent portfolio acquisition related to Intellectual Property Operations.

Cash Flows used in Investing Activities

Cash flows used in investing activities were comprised of the following for the periods presented:

Nine Months Ended September 30,20252024(In thousands)Acquisition, net of cash acquired and working capital adjustments (Note 3)$1,230 $— Patent acquisition— (14,000)Purchases of equity securities(17,368)(15,544)Sales of equity securities15,165 57,854 Purchases of loans receivable(3,364)— Purchases of property and equipment(1,401)(890)Net additions to oil and gas properties(8,961)(144,487)Net cash used in investing activities$(14,699)$(117,067)

Cash flows used in investing activities for the nine months ended September 30, 2025 were $14.7 million, as compared to cash outflows of $117.1 million in the prior year, primarily due to the 2024 net cash outflows related to the acquisition of  the Revolution assets offset by cash inflows from the sale of Arix shares.

Cash Flows from (used in) Financing Activities

Cash flows from (used in