Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 153

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 153
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•We tested models used to estimate the future operating costs in the reserve report and compared amounts to historical operating costs; 

•We vouched, on a sample basis, the working and net revenue interests used in the reserve report to land and division order records; 

•We applied analytical procedures to production forecasts in the reserve report by comparing to historical actual results and to the prior year reserve report.

/s/ GRANT THORNTON LLP

We have served as the Company’s auditor since 2022.

Houston, Texas 

March 17, 2025

F-2

ACACIA RESEARCH CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

December 31,20242023ASSETSCurrent assets:Cash and cash equivalents$273,880 $340,091 Equity securities23,135 63,068 Equity securities without readily determinable fair value5,816 5,816 Equity method investments30,934 30,934 Accounts receivable, net26,909 80,555 Inventories27,485 10,921 Prepaid expenses and other current assets31,987 23,127 Total current assets420,146 554,512 Property, plant and equipment, net23,865 2,356 Oil and natural gas properties, net191,680 25,117 Goodwill29,339 8,990 Other intangible assets, net55,429 33,556 Operating lease, right-of-use assets9,287 1,872 Deferred income tax assets, net20,233 2,915 Other non-current assets6,415 4,227 Total assets$756,394 $633,545 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$12,074 $3,261 Accrued expenses and other current liabilities20,575 8,405 Accrued compensation6,277 4,207 Current asset retirement obligation 1,546 — Royalties and contingent legal fees payable5,448 10,786 Deferred revenue1,319 977 Total current liabilities47,239 27,636 Asset retirement obligation31,070 294 Long-term lease liabilities6,778 1,736 Deferred income tax liabilities, net2,609 — Revolving credit facility66,500 10,