Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 12

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 equity$1,861,844 $1,835,529 

The accompanying notes are an integral part of these statements.

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Table of Contents

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

(unaudited)

Three Months Ended March 31,20252024Revenues$210,507 $263,542 Operating expenses:Research and portfolio development47,430 49,375 Licensing17,677 96,589 General and administrative13,568 13,840 Total operating expenses78,675 159,804 Income from operations131,832 103,738 Interest expense(9,871)(11,922)Other income, net10,258 9,247 Income before income taxes132,219 101,063 Income tax provision(16,617)(19,411)Net income$115,602 $81,652 Net income per common share — Basic$4.49 $3.20 Weighted average number of common shares outstanding — Basic25,741 25,510 Net income per common share — Diluted$3.45 $2.88 Weighted average number of common shares outstanding — Diluted33,505 28,341 Cash dividends declared per common share$0.60 $0.40 

The accompanying notes are an integral part of these statements.

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Table of Contents

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)

 Three Months Ended March 31, 20252024Net income$115,602 $81,652 Unrealized gain (loss) on investments, net of tax256 (495)Comprehensive income$115,858 $81,157 

The accompanying notes are an integral part of these statements.

5

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(in thousands, except per share data)

(unaudited)

Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive LossTreasury StockTotal Shareholders' Equity SharesAmount SharesAmountBalance, December 31, 202369,507 $694 $742,