Company: IDCC
Filing Date: 2025-02-06
Form Type: 10-K
Source: 0001405495-25-000011
Chunk: 41

Company: InterDigital, Inc.
Filing Date: 2025-02-06
Form: 10-K
Item: Item 8
Chunk 41
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 the 2024 Warrants487 5 (23)— — — — — (18)Balance, December 31, 202470,577 $705 $808,540 $1,775,823 $(458)44,895 $(1,727,395)$— $857,215 

The accompanying notes are an integral part of these statements

56

INTERDIGITAL, INC. AND SUBSIDIARIES

 CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Year Ended December 31, 202420232022Cash flows from operating activities:Net income$358,614 $211,053 $92,061 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization69,913 77,792 78,571 Non-cash change in investments(676)(10,130)1,686 Change in deferred revenue(24,335)(49,176)85,403 Deferred income taxes783 (34,665)18,518 Share-based compensation45,966 35,741 22,127 Other(9,368)(15,686)15,262 (Increase) Decrease in assets:Receivables(71,010)(64,110)(22,069)Deferred charges and other assets(35,261)866 (13,453)Increase (Decrease) in liabilities:  Accounts payable2,283 (2,513)6,868 Customer deposit(76,100)76,100 — Accrued compensation and other expenses10,719 (11,539)1,065 Net cash provided by operating activities271,528 213,733 286,039 Cash flows from investing activities:Purchases of short-term investments(542,464)(836,370)(532,724)Sales of short-term investments699,124 797,703 260,771 Purchases of property and equipment(5,849)(4,268)(3,156)Capitalized patent costs(52,888)(40,358)(39,597)Acquisition of patents(4,250)— — Long-term investments15,778 (1,877)— Net cash provided by (used in) investing activities109,451 (85,170)(314,706)Cash flows from financing activities:Proceeds from issuance