Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 194

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 194
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Adjustments to reconcile net income (loss) including noncontrolling interests in   subsidiaries to net cash (used in) provided by operating activities:Depreciation, depletion and amortization32,891 21,735 Accretion of asset retirement obligation1,299 620 Compensation expense for share-based awards3,751 2,530 (Gain) loss on foreign currency exchange(405)72 Change in fair value of equity securities1,658 35,519 Gain on sale of equity securities(3,512)(28,861)Unrealized gain on derivatives(1,495)(3,918)Deferred income taxes3,609 (5,509)Changes in assets and liabilities:Accounts receivable(284)69,710 Inventories995 (1,297)Prepaid expenses and other assets(3,284)(3,373)Accounts payable and accrued expenses5,455 8,129 Royalties and contingent legal fees payable1,529 (4,593)Deferred revenue188 295 Net cash provided by operating activities$62,092 $70,384 

Cash receipts from ARG’s licensees totaled $75.8 million and $90.9 million for the nine months ended September 30, 2025 and 2024, respectively. Cash receipts from Printronix’s customers totaled $21.9 million and $23.8 million for the nine months ended September 30, 2025 and 2024, respectively. Cash receipts from Benchmark’s customers totaled $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