Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 11

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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Item 1. FINANCIAL STATEMENTS

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)

March 31,2025December 31,2024Assets  Current assets:  Cash and cash equivalents$536,639 $527,360 Short-term investments346,653 430,848 Accounts receivable304,268 188,302 Prepaid and other current assets54,636 84,312 Total current assets1,242,196 1,230,822 Property and equipment, net27,477 18,544 Patents, net316,800 308,630 Deferred tax assets117,414 128,133 Other non-current assets, net157,957 149,400 Total assets$1,861,844 $1,835,529 Liabilities and Shareholders' equity  Current liabilities:  Current portion of long-term debt$455,241 $456,329 Accounts payable9,466 12,206 Accrued compensation and related expenses24,714 42,575 Deferred revenue175,261 178,009 Dividends payable15,577 11,557 Other accrued expenses24,198 25,134 Total current liabilities704,457 725,810 Long-term debt16,015 15,443 Long-term deferred revenue149,117 182,119 Other long-term liabilities55,371 54,942 Total liabilities924,960 978,314 Commitments and contingenciesShareholders' equity:  Preferred Stock, $0.10 par value, 14,399 shares authorized, 0 shares issued and outstanding— — Common Stock, $0.01 par value, 100,000 shares authorized, 70,895 and 70,577 shares issued and 25,976 and 25,682 shares outstanding708 705 Additional paid-in capital793,624 808,540 Retained earnings1,875,398 1,775,823 Accumulated other comprehensive loss(202)(458)Treasury stock, 44,919 and 44,895 shares of common stock held at cost(1,732,644)(1,727,395)Total shareholders' equity936,884 857,215 Total liabilities and shareholders'