Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 37

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
-term investments

As of September 30, 2025 and December 31, 2024, we had the following amounts of cash and cash equivalents, restricted cash, and short-term investments (in thousands):

September 30, 2025December 31, 2024Increase / (Decrease)Cash and cash equivalents$840,270 $527,360 $312,910 Restricted cash included within prepaid and other current assets8,360 24,187 (15,827)Short-term investments422,868 430,848 (7,980)Total cash, cash equivalents, restricted cash, and short-term investments$1,271,498 $982,395 $289,103 

The net increase in cash, cash equivalents, restricted cash, and short-term investments was attributable to cash provided by operating activities of $481.1 million, partially offset by cash used in financing activities of $147.0 million and cash used in investing activities of $55.3 million, excluding sales and purchases of short-term investments. Refer to the sections below for further discussion of these items.

Cash flows provided by operating activities

Cash flows provided by operating activities in the first nine months 2025 and 2024 (in thousands) were as follows:

Nine Months Ended September 30,20252024ChangeNet cash provided by operating activities$481,059 $79,494 $401,565 

24

Our cash flows provided by operating activities are principally derived from cash receipts from patent license agreements, offset by cash operating expenses and income tax payments. The $401.6 million change in cash provided by operating activities was primarily driven by higher cash receipts from timing of cash receipts on existing agreements and new agreements, and was partially offset by higher foreign withholding tax payments on those cash receipts. Additionally, cash operating expenses were lower primarily due to lower revenue share and litigation costs. The table below sets forth the significant items comprising our cash flows provided by operating activities during the nine months ended September 30, 2025 and 2024 (in thousands):

Nine Months Ended September 30, 20252024ChangeTotal Cash Receipts$718,573 $420,265 $298,308 Cash Outflows:Cash operating expenses a(174,518)(258,441)83,923 Income taxes paid b(92,711)(37,269)(55,442)Total cash outflows(267,229)(295,710)28,481