Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 44

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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, restricted cash, and short-term investments$947,927 $982,395 $(34,468)

The net decrease in cash, cash equivalents, restricted cash, and short-term investments was attributable to cash used in financing activities of $85.6 million and cash used in investing activities of $40.2 million, excluding sales and purchases of short-term investments, partially offset by cash provided by operating activities of $85.1 million. Refer to the sections below for further discussion of these items.

Cash flows provided by operating activities

Cash flows provided by operating activities in the first half 2025 and 2024 (in thousands) were as follows:

Six Months Ended June 30,20252024ChangeNet cash provided by operating activities$85,129 $1,863 $83,266 

Our cash flows provided by operating activities are principally derived from cash receipts from patent license agreements, offset by cash operating expenses and income tax payments. The $83.3 million change in net cash provided by operating activities was driven by lower cash operating expenses primarily due to lower revenue share and litigation costs recognized in first half 2025. This change was partially offset by lower cash receipts primarily due to large cash receipts in first half 2024 related to catch-up revenue. The table below sets forth the significant items comprising our cash flows provided by operating activities during the six months ended June 30, 2025 and 2024 (in thousands):

Six Months Ended June 30, 20252024ChangeTotal Cash Receipts$218,163 $250,046 $(31,883)Cash Outflows:Cash operating expenses a(114,832)(195,734)80,902 Income taxes paid b(21,764)(16,920)(4,844)Total cash outflows(136,596)(212,654)76,058 Other working capital adjustments3,562 (35,529)39,091 Cash flows provided by operating activities$85,129 $1,863 $83,266 

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(a) Cash operating expenses include operating expenses less depreciation and disposals of fixed assets, amortization of patents, and non-cash compensation. Amount includes revenue share costs of $5.2 million and $71.7 million in first half 2025 and 2024, respectively.

(b) Income taxes paid include foreign withholding taxes.

Cash flows from investing and financing activities

Net cash used in investing activities for first half