Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 90

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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$22,091 $(9,018)Adjustments to reconcile net loss including noncontrolling interests in   subsidiaries to net cash provided by operating activities:Depreciation, depletion and amortization22,055 11,973 Amortization of debt discount and issuance costs95 — Accretion of asset retirement obligation867 254 Compensation expense for share-based awards1,876 1,749 (Gain) loss on foreign currency exchange(435)202 Change in fair value of equity securities2,558 31,445 Gain on sale of equity securities(3,512)(28,861)Unrealized (gain) loss on derivatives(789)3,401 Deferred income taxes3,646 (10,939)Changes in assets and liabilities:Accounts receivable3,501 61,727 Inventories1,760 (1,368)Prepaid expenses and other assets(4,114)(3,949)Accounts payable and accrued expenses2,551 20,437 Royalties and contingent legal fees payable231 (5,917)Deferred revenue164 (159)Net cash provided by operating activities$52,545 $70,977 

61

Cash receipts from ARG’s licensees totaled $70.3 million and $87.4 million for the six months ended June 30, 2025 and 2024, respectively. Cash receipts from Printronix’s customers totaled $15.7 million and $16.3 million for the six months ended June 30, 2025 and 2024, respectively. Cash receipts from Benchmark’s customers totaled $54.5 million and $15.3 million for the six months ended June 30, 2025 and 2024, respectively. Cash receipts from Deflecto’s customers totaled $57.4 million for the six months ended June 30, 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 six months ended June 30, 2025 was $52.5 million, compared to $71.0 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), decrease in