Company: IDCC
Filing Date: 2025-02-06
Form Type: 10-K
Source: 0001405495-25-000011
Chunk: 36

Company: InterDigital, Inc.
Filing Date: 2025-02-06
Form: 10-K
Item: Item 8
Chunk 36
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 certain arrangements with variable consideration is a critical audit matter are (i) the significant judgment by management when determining the amount of consideration and (ii) a high degree of auditor judgment, subjectivity and effort in performing procedures and evaluating management's significant assumptions and judgments in determining the amount of consideration, including the analysis of the probability that a significant reversal of cumulative revenues recognized will not occur.

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Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the revenue recognition process, including controls over the determination of the amount of consideration in certain arrangements with variable consideration. These procedures also included, among others (i) reading certain arrangements applicable for the current year; (ii) testing management’s process for determining the amount of consideration in such arrangements; (iii) evaluating the appropriateness of management’s analysis used in determining the amount of consideration; (iv) testing the completeness and accuracy of the data used by management in the analysis; and (v) evaluating the reasonableness of management’s significant assumptions and judgments in determining the amount of consideration, including the analysis of the probability that a significant reversal of cumulative revenues recognized will not occur. Evaluating the reasonableness of management’s significant assumptions and judgments in determining the amount of consideration, including the analysis of the probability that a significant reversal of cumulative revenues will not occur, involved considering management’s past experience in such arrangements, status of ongoing discussions with the customer, and advice obtained, including obtaining and evaluating the letters of audit inquiry from in-house and external legal counsel.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

February 6, 2025

We have served as the Company’s auditor since 2002.

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INTERDIGITAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

December 31,2024December 31,2023Assets  Current assets:  Cash and cash equivalents$527,360 $437,076 Short-term investments430,848 569,280 Accounts receivable188,302 117,292 Prepaid and other current assets84,312 43,976 Total current assets1,230,822 1,167,624 Property and equipment, net18,544 11,566 Patents, net308,630 313,001 Deferred tax assets128,133 128,967