Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 14

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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,875,398 $(202)44,919 $(1,732,644)$936,884 

The accompanying notes are an integral part of these statements.

6

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) 

(unaudited)

Three Months Ended March 31, 20252024Cash flows from operating activities:  Net income$115,602 $81,652 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization18,213 17,240 Non-cash interest income, net(1,533)(3,661)Non-cash change in investments476 1,247 Change in deferred revenue(38,750)(27,542)Deferred income taxes10,651 11,789 Share-based compensation9,498 9,386 (Increase) Decrease in assets:Receivables(115,966)(28,337)Deferred charges and other assets(2,201)(27,577)(Decrease) Increase in liabilities:Accounts payable1,730 3,522 Accrued compensation and other expenses(17,709)13,054 Net cash (used in) provided by operating activities(19,989)50,773 Cash flows from investing activities:  Purchases of short-term investments(86,864)(167,086)Sales of short-term investments173,029 191,702 Purchases of property and equipment(14,508)(444)Capitalized patent costs(12,149)(8,973)Long-term investments— 1,576 Net cash provided by investing activities59,508 16,775 Cash flows from financing activities:  Payments on long-term debt(1,284)(1,590)Repurchase of common stock(5,249)(28,868)Net proceeds from exercise of stock options7,316 — Taxes withheld upon restricted stock unit vestings(32,177)(8,635)Dividends paid(11,557)(10,226)Net cash used in financing activities(42,951)(49,319)Net (decrease) increase in cash, cash equivalents and restricted cash(3,432)18,229 Cash, cash equivalents and restricted cash, beginning of period551,547 442,961 Cash, cash equivalents and restricted cash