Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 41

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 The agreement licenses HP personal computers to InterDigital’s Wi-Fi and video decoding technologies.

Return of Capital to Shareholders

During second quarter 2025, we returned $41.7 million to shareholders, including $15.5 million, or $0.60 per share, of cash dividends declared and $26.2 million through the repurchase of shares of common stock. 

As of July 31, 2025, there was $182.7 million remaining under the share repurchase authorization, which we plan to utilize to periodically repurchase additional common shares. See Part II, Item II - Unregistered Sales of Equity Securities and Use of Proceeds—Issuer Purchases of Equity Securities of this Quarterly Report on Form 10-Q.

Cash & Short-term Investments

As of June 30, 2025, we had $947.9 million of cash, restricted cash, and short-term investments and nearly $2.0 billion of cash payments due under contracted fixed price agreements, which includes our conservative estimates of the minimum cash receipts that we expect to receive under the Lenovo arbitration.

97% of our second quarter 2025 revenue is from fixed-fee agreements. Such agreements often have prescribed payment schedules that are uneven and sometimes front-loaded, resulting in timing differences between when we collect the cash payments and recognize the related revenue.

The following table reconciles the timing differences between cash receipts and recognized revenue during the three and six months ended June 30, 2025 and 2024, including the resulting operating cash flow (in thousands):

Three Months Ended June 30,Six Months Ended June 30,Cash vs. Non-cash revenue:2025202420252024Fixed fee cash receipts (a)$162,140 $33,705 $184,719 $224,690 Other cash receipts (b)9,193 14,583 33,444 25,356 Change in deferred revenue32,456 26,866 71,206 54,408 Change in receivables84,439 78,011 200,405 106,348 Other12,368 70,328 21,329 76,233 Total Revenue$300,596 $223,493 $511,103 $487,035 Net cash provided by (used in) operating activities$105,118 $(48,910)$85,129 $1,863 

(a)  Fixed fee cash receipts