← Adeia Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($1.8m) |
($64.0m)
-3532.05%
|
$143.8m
+324.57%
|
($58.9m)
-140.97%
|
($298.6m)
-406.83%
|
$67.4m
+122.56%
|
$64.6m
-4.08%
|
$111.1m
+71.88%
|
$122.7m
+10.45%
|
|
| Depreciation of property and equipment | $6.7m | $6.7m | $17.9m | $23.8m | $17.1m | $1.5m | $2.1m | $2.0m | $62.3m | |
| Amortization of intangible assets | $108.5m | $99.9m | $156.8m | $203.4m | $143.2m | $93.7m | $70.7m | $56.6m | — | |
| Amortization of debt issuance costs | — | — | — | $6.4m | $4.4m | $4.3m | $3.5m | $3.4m | — | |
| Deferred income tax and other | ($15.6m) | ($38.6m) | ($34.7m) | ($978k) | ($40.3m) | $11.4m | ($7.1m) | $33.7m | $35.8m | |
| Stock-based compensation expense | $31.0m | $31.6m | $39.1m | $58.2m | $52.6m | $18.1m | $26.6m | $34.7m | $36.9m | |
| Accounts receivable | ($14.4m) | $6.2m | $7.1m | ($27.6m) | $24.9m | $18.3m | $6.3m | $5.5m | ($61.1m) | |
| Accounts payable | ($1.5m) | $1.9m | ($4.9m) | ($5.2m) | $18.6m | ($894k) | ($372k) | ($2.5m) | $1.2m | |
| Accrued and other liabilities | ($8.9m) | ($8.7m) | $21.7m | ($27.9m) | ($3.6m) | ($14.6m) | $3.7m | ($776k) | — | |
| Deferred revenue | $1.2m | ($2.4m) | $18.6m | ($651k) | ($215k) | ($7.4m) | $54.3m | ($14.4m) | — | |
| Other | $5.3m | $2.7m | $19.5m | $5.5m | $5.1m | ($252k) | ($1.6m) | ($462k) | — | |
| Other assets | ($950k) | $3.7m | ($41.9m) | $7.5m | ($3.2m) | ($4.5m) | $7.4m | ($5.5m) | — | |
| Net cash provided by operating activities | $135.1m |
$169.3m
+25.25%
|
$427.6m
+152.64%
|
$234.8m
-45.09%
|
$183.0m
-22.05%
|
$152.8m
-16.54%
|
$212.5m
+39.09%
|
$158.1m
-25.59%
|
$191.0m
+20.79%
|
|
| Purchases of property and equipment | ($3.3m) | ($8.8m) | ($7.4m) | ($13.9m) | ($12.6m) | ($3.8m) | ($1.8m) | ($1.8m) | ($19.0m) | |
| Proceeds from sale of property and equipment | — | $55k | — | $19k | $86k | $0 | $0 | — | — | |
| Unpaid purchases of property and equipment at the end of the period | $3.3m | $8.8m | $7.4m | $0 | $0 | $471k | $15k | $1.8m | — | |
| Purchases of short-term investments | ($20.1m) | ($40.0m) | ($77.2m) | ($67.3m) | ($4.5m) | ($42.8m) | ($33.2m) | ($57.3m) | — | |
| Proceeds from sales of investments | $8.5m | $6.8m | $11.2m | $49.8m | $28.3m | $0 | $0 | $1.5m | — | |
| Proceeds from maturities of investments | $30.9m | $27.3m | $24.7m | $42.9m | $36.6m | $14.7m | $31.4m | $24.3m | — | |
| Net cash paid for mergers and acquisitions | — | — | — | ($17.4m) | ($50.5m) | $0 | $0 | — | — | |
| Net cash used in investing activities | $11.4m | ($19.1m) | $17.8m | ($6.2m) | ($2.9m) | ($34.5m) | ($24.0m) | ($40.3m) | ($50.9m) | |
| Loss on debt extinguishment | $0 | $0 | $8.3m | $8.0m | $0 | $0 | $453k | $0 | — | |
| Principal payments on debt agreements | ($100.0m) | ($150.0m) | ($520.2m) | ($84.0m) | ($40.5m) | ($148.0m) | ($114.2m) | ($60.4m) | — | |
| Debt refinancing costs | — | — | — | ($4.3m) | $0 | $0 | — | — | — | |
| Debt acquired in a business acquisition | — | — | — | $0 | $50.0m | $0 | — | — | — | |
| Repurchases of common stock for tax withholdings on equity awards | — | — | — | ($15.9m) | ($15.9m) | ($11.3m) | ($12.8m) | ($22.5m) | — | |
| Repurchases of common stock | ($44.8m) | ($4.5m) | ($80.6m) | ($100.8m) | ($33.2m) | $0 | ($18.7m) | ($21.3m) | — | |
| Payments of dividends | ($39.2m) | ($39.5m) | ($30.8m) | ($21.0m) | ($20.9m) | ($21.3m) | ($21.8m) | ($21.8m) | ($22.0m) | |
| Net cash used in financing activities | ($171.2m) |
($189.2m)
-10.50%
|
($351.1m)
-85.61%
|
($196.2m)
+44.11%
|
($263.3m)
-34.15%
|
($178.3m)
+32.29%
|
($164.2m)
+7.90%
|
($123.5m)
+24.77%
|
($151.5m)
-22.63%
|
|
| Net increase (decrease) in cash and cash equivalents | ($24.6m) | ($39.1m) | $95.6m | $30.9m | ($86.6m) | ($60.0m) | $24.3m | ($5.7m) | — | |
| Cash and cash equivalents at beginning of period | $113.6m | $74.6m | $170.2m | $201.1m | $114.6m | $54.6m | $78.8m | $73.1m | — | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | $1.3m | ($1.4m) | ($3.4m) | $0 | $0 | — | $0 | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Patent assets received in lieu of cash | — | — | — | ($8.8m) | $0 | $0 | — | — | — | |
| Unbilled contracts receivable | — | — | — | $58.5m | ($86.7m) | ($34.3m) | ($18.1m) | ($65.2m) | — | |
| Purchases of intangible assets | ($4.1m) | ($4.5m) | ($50.9m) | ($186k) | ($290k) | ($2.5m) | ($20.5m) | ($7.0m) | — | |
| Distribution of Xperi Inc. | — | — | — | $0 | ($182.9m) | $0 | $0 | — | — | |
| Proceeds from employee stock purchase program and exercise of stock options | — | $6.0m | $4.9m | $13.8m | $14.3m | $2.4m | $3.2m | $2.4m | — | |
| Interest paid | $23.1m | $20.9m | $31.2m | $32.4m | $40.5m | $57.8m | $46.8m | $33.2m | $28.2m | |
| Income taxes paid, net of refunds | $23.7m | $15.0m | $43.1m | $30.9m | $24.8m | $10.3m | $12.5m | $15.0m | — | |
| Long-lived assets received in lieu of cash | — | — | — | — | — | $4.4m | $5.0m | $52.7m | — | |
| Non-cash aquisition of intangible assets | — | — | — | $0 | $0 | $4.4m | $5.0m | — | — | |
| Unpaid purchases of long-lived assets at the end of the period | — | — | — | $0 | $0 | $1.5m | $750k | $4k | — |