Company: ACTG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000934549-25-000021
Chunk: 19

Company: ACACIA RESEARCH CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
ITEM 1. FINANCIAL STATEMENTS

ACACIA RESEARCH CORPORATION

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

March 31, 2025December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$271,964 $273,880 Equity securities18,064 23,135 Equity securities without readily determinable fair value5,816 5,816 Equity method investments30,934 30,934 Accounts receivable, net95,725 26,909 Inventories26,264 27,485 Prepaid expenses and other current assets15,866 31,987 Total current assets464,633 420,146 Property, plant and equipment, net23,354 23,865 Oil and natural gas properties, net189,104 191,680 Goodwill25,566 29,339 Other intangible assets, net67,739 55,429 Operating lease, right-of-use assets8,001 9,287 Deferred income tax assets, net17,231 20,233 Other non-current assets5,978 6,415 Total assets$801,606 $756,394 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$12,457 $12,074 Accrued expenses and other current liabilities24,084 20,575 Accrued compensation6,879 6,277 Current asset retirement obligation 1,565 1,546 Royalties and contingent legal fees payable26,699 5,448 Deferred revenue1,403 1,319 Current portion of long-term debt, net2,400 2,400 Total current liabilities75,487 49,639 Asset retirement obligation31,401 31,070 Long-term lease liabilities5,872 6,778 Deferred income tax liabilities, net2,697 2,609 Revolving credit facility61,500 66,500 Term loan and revolving credit facility44,488 45,088 Other long-term liabilities2,901 2,091 Total liabilities224,346 203,775 Commitments and contingencies (Note 15)Stockholders' equity:Preferred stock, par value $0.001 per share; 10,000,000