Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 23

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 year-end financial statements. Therefore, these financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (our “2024 Form 10-K”) as filed with the Securities and Exchange Commission (“SEC”) on February 6, 2025. Definitions of capitalized terms not defined herein appear within our 2024 Form 10-K. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire year. We have one reportable segment.The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.Change in Accounting Policies There have been no material changes or updates to our existing accounting policies from the disclosures included in our 2024 Form 10-K, except as indicated below in "New Accounting Guidance".Reclassifications Certain reclassifications have been made to prior year amounts to conform to the current year presentation.Supplemental Cash Flow InformationThe following table presents additional supplemental cash flow information for the six months ended June 30, 2025 and 2024 (in thousands):Six Months Ended June 30,Supplemental cash flow information:20252024Interest paid$8,050 $9,311 Income taxes paid, including foreign withholding taxes21,764 16,920 Non-cash investing and financing activities:Dividend payable15,507 10,052 Right-of-use assets obtained in exchange of operating lease liabilities880 2,189 Non-cash acquisition of patents19,319 — Accrued capitalized patent costs and property and equipment purchases4,961 (856)Unsettled repurchase of common stock468 — 

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New Accounting Guidance  Accounting Standards Update: Improvements to Income Tax DisclosuresIn December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Updates ("ASU") No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments in the ASU enhance income tax disclosures, primarily through standardization, disaggregation of rate reconciliation categories, and income taxes paid by jurisdiction. ASU 2023-09 is