Company: ACTG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000934549-25-000021
Chunk: 97

Company: ACACIA RESEARCH CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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loss) including noncontrolling interests in subsidiaries$23,528 $(189)Adjustments to reconcile net loss including noncontrolling interests in   subsidiaries to net cash provided by (used in) operating activities:Depreciation, depletion and amortization10,610 4,568 Accretion of asset retirement obligation434 — Compensation expense for share-based awards922 858 (Gain) loss on foreign currency exchange(155)18 Change in fair value of equity securities4,777 26,701 Gain on sale of equity securities(1,605)(28,861)Unrealized loss on derivatives4,978 629 Deferred income taxes, net of acquired net deferred tax assets3,323 (3,652)Changes in assets and liabilities:Accounts receivable(68,814)65,156 Inventories1,220 1,041 Prepaid expenses and other assets728 (10,752)Accounts payable and accrued expenses1,223 7,108 Royalties and contingent legal fees payable21,249 (7,811)Deferred revenue7 25 Net cash provided by operating activities$2,425 $54,839 

Cash receipts from ARG’s licensees totaled $1.0 million and $77.5 million for the three months ended March 31, 2025 and 2024, respectively. Cash receipts from Printronix's customers totaled $8.1 million and $8.5 million for the three months ended March 31, 2025 and 2024, respectively. Cash receipts from Benchmark’s customers totaled $18.7 million and $1.3 million for the three months ended March 31, 2025 and 2024, respectively. Cash receipts from Deflecto’s customers totaled $27.8 million for the three months ended March 31, 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.

Our reported cash provided by operations for the three months ended was $2.4 million, compared to $54.8 million in the comparable prior year period. The decrease in cash provided by operations was primarily due to net inflows from the total changes in assets and liabilities (refer to Working Capital discussion below), increase in accounts receivable, decrease in inventories, decrease in prepaid