← ACACIA RESEARCH CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($54.1m) $22.2m ($105.0m) ($17.1m) $113.4m $149.2m ($125.1m) $67.1m ($36.1m) $21.7m
Net Income (Loss) Available to Common Stockholders, Basic ($54.1m) $22.1m ($105.0m) ($17.4m) $90.3m $118.8m ($133.0m) $55.1m ($36.1m) $21.7m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($54.8m) $21.7m ($104.8m) ($17.1m) $113.4m $150.4m ($110.9m) $68.9m ($34.7m) $24.5m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — ($104.8m) ($17.1m) $113.4m $150.4m ($110.9m) $68.9m ($34.7m) $24.5m
Net Income (Loss) Attributable to Noncontrolling Interest ($732k) ($496k) $181k ($14k) $0 $1.2m $14.1m $1.9m $1.4m $2.8m
Depreciation, Depletion and Amortization $34.4m $22.2m $27.1m $3.2m $4.8m $10.7m $13.5m $14.7m $33.6m $43.3m
Amortization of Debt Issuance Costs and Discounts — — — — $2.8m $110k $90k $0 — —
Amortization of Intangible Assets $34.2m $22.2m $27.1m $3.2m $4.7m $10.3m $12.1m $13.1m $18.4m $24.0m
Depreciation $147k $22.2m $27.1m — $4.8m $10.7m $13.5m $14.7m $33.6m $43.3m
Deferred Income Tax Expense (Benefit) $0 $0 $0 $0 $0 ($52.3m) $25.0m ($14.4m) $1.7m ($8.6m)
Share-based Payment Arrangement, Noncash Expense $9.1m $8.9m ($317k) $1.1m $1.7m $2.1m $3.8m $3.3m $4.8m $5.7m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — $1.6m $614k $1.1m $675k
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — ($176.2m) $102.1m $0 ($31.4m) $31.4m ($1.1m)
Goodwill, Impairment Loss $0 $0 — — — $0 $0 — $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — $0 — — — — — —
Impairment of Intangible Assets, Finite-lived $42.3m $2.2m $28.2m $0 $0 $0 $0 $0 $0 $0
Income (Loss) from Equity Method Investments — ($220k) $0 — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment $3k — — — — — — — — ($169k)
Income Tax Expense (Benefit) $18.2m $3.0m $1.2m ($1.8m) ($1.2m) $24.3m ($16.2m) ($1.5m) ($3.4m) $6.8m
Other Nonoperating Income (Expense) $798k $51.9m ($1.6m) — — — $5.4m $15.5m $17.0m ($2.0m)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — — — — $3.5m $42.5m $4.2m $0 —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $6.8m $26.6m ($28.2m) ($32.4m) ($5k) $747k ($998k) $70.3m ($69.2m) ($664k)
Increase (Decrease) in Inventories — — — — — ($1.9m) $5.3m ($3.3m) ($1.1m) ($212k)
Asset Retirement Obligation, Accretion Expense — — — — — — — $0 $986k $1.7m
Debt and Equity Securities, Gain (Loss) — — — $0 ($7.4m) $207.2m ($95.8m) $24.7m ($2.6m) $1.1m
Debt Securities, Realized Gain (Loss) — — — $0 $7.4m $116.1m $125.3m ($10.9m) $28.9m ($25k)
Equity Securities, FV-NI, Realized Gain (Loss) — — — $0 ($7.4m) $116.1m $125.3m ($10.9m) $28.9m ($25k)
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — $0 $175.9m $87.5m ($263.7m) $31.4m ($31.4m) $1.1m
Foreign Currency Transaction Gain (Loss), before Tax — — — $0 ($4.9m) ($89k) ($3.3m) $53k ($370k) $414k
Foreign Currency Transaction Gain (Loss), Realized — — — $0 $4.9m $89k ($3.3m) $53k ($370k) $414k
Foreign Currency Transaction Gain (Loss), Unrealized — — $88k $0 — $89k — ($53k) $370k ($414k)
Gain (Loss) on Investments — — — $669k $13.7m $839k — — — —
Gain (Loss) on Sale of Derivatives — — — $0 $2.8m $0 — $10.9m — $25k
General and Administrative Expense $32.9m $26.0m $18.9m $16.4m $24.5m $35.7m $52.7m $43.7m $55.4m $65.1m
Goodwill — — — — — $7.5m $7.5m $9.0m $29.3m $25.8m
Investment Income, Interest — $1.6m — — — — — — — $11.3m
Nonoperating Income (Expense) — — — $4.5m $131.8m $160.1m ($87.1m) $46.5m ($5.2m) $24.9m
Operating Costs and Expenses $190.1m $92.7m — — — — — — — —
Proceeds from Stock Options Exercised $326k $745k $257k $79k $48k $202k $0 $235k $223k $30k
Realized Investment Gains (Losses) — — ($19.1m) — ($1.1m) — — — — —
Unrealized Gain (Loss) on Derivatives — — — $1.3m ($3.1m) ($4.7m) $1.9m $0 ($610k) $3.7m
Unrealized Gain (Loss) on Investments — — — $9.9m $5.5m ($2.8m) $0 ($781k) $610k ($3.7m)
Derivative, Gain (Loss) on Derivative, Net — — — $4.5m ($58.2m) ($40.4m) $13.1m $8.2m $0 $15.8m
Net Cash Provided by (Used in) Operating Activities $34.1m $24.5m $20.9m ($2.3m) ($19.6m) $13.3m ($37.3m) ($22.5m) $50.1m $75.2m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $4k $2k $34k $183k $199k $91k $732k $189k $148.7m $2.5m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — $33.2m $0 $9.4m $87.7m ($1.2m)
Payments to Acquire Investments $20.0m — — — — — — — — —
Gain (Loss) on Sale of Investments — — — $0 $8.2m $3.6m $0 $10.9m ($28.9m) $25k
Net Cash Provided by (Used in) Investing Activities ($40.6m) ($16.1m) ($24.1m) ($68.1m) $18.6m $35.8m $184.5m $16.2m ($213.0m) ($21.0m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $82k $45k $4.6m $0 $4.0m $4.0m $51.0m $0 $20.3m $0
Proceeds from Noncontrolling Interests — — — — — — — — $15.2m $0
Dividends paid $0 $0 — — $1.4m $1.5m $2.8m $1.4m $0 —
Net Cash Provided by (Used in) Financing Activities ($1.1m) $700k ($4.6m) $33.9m $109.2m $59.7m ($166.1m) $58.6m $97.6m ($22.7m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $0 ($2.6m) $1k ($926k) $1.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — $0 ($21.6m) $52.3m ($66.2m) $32.8m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $92.4m $200.5m $309.4m $287.8m $340.1m $273.9m $306.7m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $1.3m $7.3m $7.2m $2.5m $5.1m $8.3m
Income Taxes Paid, Net — — — — ($3.5m) $25k $384k $831k $1.0m $2.3m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.