Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 6

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
838,337 $99 $(105,560)$907,996 $(262,357)$38,388 $578,566 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

6

ACACIA RESEARCH CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Nine Months Ended September 30,20252024Cash flows from operating activities:Net income (loss) including noncontrolling interests in subsidiaries$19,697 $(20,675)Adjustments to reconcile net income (loss) including noncontrolling interests in subsidiaries to net cash (used in) provided by   operating activities:Depreciation, depletion and amortization32,891 21,735 Accretion of asset retirement obligation1,299 620 Compensation expense for share-based awards3,751 2,530 (Gain) loss on foreign currency exchange(405)72 Change in fair value of equity securities1,658 35,519 Gain on sale of equity securities(3,512)(28,861)Unrealized gain on derivatives(1,495)(3,918)Deferred income taxes3,609 (5,509)Changes in assets and liabilities:Accounts receivable(284)69,710 Inventories995 (1,297)Prepaid expenses and other assets(3,284)(3,373)Accounts payable and accrued expenses5,455 8,129 Royalties and contingent legal fees payable1,529 (4,593)Deferred revenue188 295 Net cash provided by operating activities62,092 70,384 Cash flows from investing activities:Acquisition, net of cash acquired and working capital adjustments (Note 3)1,230 — Patent acquisition— (14,000)Purchases of equity securities(17,368)(15,544)Sales of equity securities15,165 57,854 Purchases of loans receivable(3,364)— Purchases of property and equipment(1,401)(890)Net additions to oil and gas properties(8,961)(144,487)Net cash used in investing activities(14,699)(117,067)Cash flows from financing activities:Repurchase of common stock— (7,303)Contributions from noncontrolling interest— 15,250 Borrowings on the Benchmark revolving credit facility