Company: IDCC
Filing Date: 2025-02-06
Form Type: 10-K
Source: 0001405495-25-000011
Chunk: 107

Company: InterDigital, Inc.
Filing Date: 2025-02-06
Form: 10-K
Item: Item 7
Chunk 107
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,1123,4277,539(4,112)3,427

(a) Represents incremental shares issuable upon concurrent conversion of convertible notes, exercise of warrants and settlement of the hedge agreements.

41

Contractual Obligations

The following table summarizes our contractual obligations as of December 31, 2024 (in thousands):

 Payments Due by PeriodTotalLess Than1 year1-3 Years3-5 YearsThereafter2027 Notes(a)$460,000 $— $460,000 $— $— Contractual interest payments on the 2027 Notes(a)38,953 16,100 22,853 — — Purchase obligations (b)23,078 23,078 — — — Operating lease obligations22,628 4,559 8,542 7,037 2,490 Defined benefit plan obligations (c)4,457 369 356 710 3,022 Total contractual obligations$549,116 $44,106 $491,751 $7,747 $5,512 

(a)The table above represents the payment made on the maturity date of the 2027 Notes. From the period January 1, 2024 through March 31, 2025, the holders of the 2027 Notes have the right, but not the obligation, to convert any portion of the principal amount of the 2027 Notes. We will pay cash up to the aggregate principal amount of the 2027 Notes to be converted, if any, and will pay cash, shares of our Common Stock, or a combination of cash and shares of our Common Stock for any conversion obligation in excess of the aggregate principal amount being converted at our election. Refer to Note 10, “Obligations,” within the Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Form 10-K for details of our 2027 Notes.

(b)Purchase obligations consist of agreements to purchase goods and services that are legally binding on us, as well as accounts payable. Our consolidated balance sheet as of December 31, 2024 includes a $13.8 million non-current liability for uncertain tax positions. The future payments related to uncertain tax positions have not been presented in the table above due to the uncertainty of the amounts and timing of cash settlement with the taxing authorities.

(c)Refer to Note 11, "Commitments," within