Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 21

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 Dividends declared ($0.60 per share)— — 538 (16,045)— — — (15,507)Exercise of common stock options1 — 15 — — — — 15 Issuance of common stock, net15 1 (940)— — — — (939)Share-based compensation— — 11,836 — — — — 11,836 Repurchase of common stock— — — — — 123 (26,168)(26,168)Balance, June 30, 202570,911 $709 $805,073 $2,039,921 $(107)45,042 $(1,758,812)$1,086,784 

The accompanying notes are an integral part of these statements.

6

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) 

(unaudited)

Six Months Ended June 30, 20252024Cash flows from operating activities:  Net income$296,170 $191,316 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization37,678 34,616 Non-cash interest income, net(2,426)(6,429)Non-cash change in investments584 (150)Change in deferred revenue(71,206)(54,408)Deferred income taxes31,572 29,495 Share-based compensation21,334 19,041 Increase in assets:Receivables(200,405)(106,348)Deferred charges and other assets(14,044)(41,151)Increase (Decrease) in liabilities:Accounts payable801 (611)Customer deposit— (63,100)Accrued compensation and other expenses(14,929)(408)Net cash provided by operating activities85,129 1,863 Cash flows from investing activities:  Purchases of short-term investments(236,016)(297,086)Sales of short-term investments254,003 415,988 Purchases of property and equipment(15,082)(1,003)Capitalized patent costs(25,125)(21,595)Long-term investments— 1,194 Net cash (used in) provided by investing activities