← InterDigital, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $305.5m |
$170.7m
-44.12%
|
$63.9m
-62.59%
|
$20.9m
-67.23%
|
$44.8m
+114.07%
|
$55.3m
+23.42%
|
$93.7m
+69.44%
|
$214.1m
+128.48%
|
$358.6m
+67.52%
|
$406.6m
+13.39%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $309.0m | $174.3m | $59.5m | $15.0m | $37.9m | $42.2m | $92.1m | $211.1m | $358.6m | $406.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($3.5m) | ($3.6m) | ($4.4m) | ($6.0m) | ($6.9m) | ($13.1m) | ($1.6m) | ($3.0m) | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $52.8m | $57.1m | $66.1m | $77.1m | $81.0m | $78.2m | $78.6m | $77.8m | $69.9m | $77.5m | $78.5m | |
| Amortization of Debt Issuance Costs | $1.7m | $1.4m | $1.4m | $1.5m | $0 | $1.6m | $2.0m | $2.3m | $2.2m | $2.1m | — | |
| Amortization of Debt Issuance Costs and Discounts | $15.3m | $13.1m | $13.5m | $18.7m | $18.1m | $6.9m | $1.6m | ($100k) | $0 | $0 | — | |
| Capitalized Computer Software, Amortization | $1.0m | $500k | $300k | $200k | — | — | — | — | — | — | — | |
| Depreciation | $4.1m | $3.9m | $3.7m | $3.9m | $5.3m | $5.6m | $4.9m | $4.1m | $3.4m | $6.1m | $78.5m | |
| Deferred Income Tax Expense (Benefit) | $22.3m | $70.4m | ($49.7m) | $2.4m | ($6.9m) | ($7.6m) | $18.2m | ($34.5m) | $560k | ($13.5m) | ($26.9m) | |
| Share-based Payment Arrangement, Noncash Expense | $21.8m | $18.1m | $7.1m | $7.6m | $10.4m | $28.7m | $22.1m | $35.7m | $46.0m | $43.2m | $56.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $22.8m | $8.8m | $4.4m | $1.8m | $7.0m | $6.3m | $12.5m | $19.3m | $44.3m | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $3.3m | $0 | $0 | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $0 | $0 | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | $13.2m | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $1.1m | $1.1m | $2.4m | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | $27.9m | $3.3m | $0 | $0 | — | — | |
| Other Nonoperating Income (Expense) | ($15.0m) | ($9.1m) | ($30.5m) | $29.1m | $16.9m | $11.6m | ($3.5m) | $57.8m | $35.3m | $48.5m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Payable | ($5.6m) | ($3.8m) | $6.2m | ($638k) | ($2.9m) | ($1.8m) | $6.9m | ($2.5m) | $2.3m | $4.0m | $871k | |
| Increase (Decrease) in Other Operating Assets | ($15.2m) | $19.4m | ($6.1m) | $27.2m | $26.3m | $9.9m | $13.5m | ($866k) | $35.3m | $55.5m | — | |
| Net Cash Provided by (Used in) Operating Activities | $430.8m |
$315.8m
-26.69%
|
$146.8m
-53.52%
|
$89.4m
-39.08%
|
$163.5m
+82.78%
|
$130.4m
-20.23%
|
$286.0m
+119.37%
|
$213.7m
-25.28%
|
$271.5m
+27.04%
|
$544.5m
+100.51%
|
$557.9m
+2.48%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $5.9m | $2.1m | $2.6m | $4.5m | $11.8m | $2.5m | $3.2m | $4.3m | $5.8m | $15.9m | ($61.3m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | ($3.7m) | $12.1m | $2.0m | ($1.0m) | $58k | |
| Gain (Loss) on Sale of Investments | — | — | — | ($2.6m) | $5.6m | $7.6m | ($1.3m) | $10.4m | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $48.0m | $0 | $143.0m | $0 | $0 | — | — | — | — | — | ($8.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($219.0m) | ($220.3m) | $70.0m | $268.3m | ($310.0m) | $179.6m | ($314.7m) | ($85.2m) | $109.5m | ($140.3m) | ($135.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($5.5m) | $0 | $0 | ($11.2m) | $0 | $0 | — | — | |
| Repayments of Long-term Debt | $230.0m | $0 | $0 | $221.1m | $94.9m | $0 | $282.5m | $0 | $141.4m | $1.5m | ($88.2m) | |
| Payments for Repurchase of Common Stock | $64.7m | $7.7m | $110.5m | $196.3m | $349k | $30.0m | $74.4m | $339.7m | $66.7m | $102.3m | — | |
| Dividends paid | $31.1m | $43.3m | $48.5m | $44.6m | $43.1m | $43.1m | $42.3m | $39.5m | $41.8m | $60.7m | ($69.6m) | |
| Dividends Payable, Current | — | — | — | — | — | — | — | $10.2m | $11.6m | $18.0m | — | |
| Dividends Payable | $10.3m | $12.2m | $11.6m | $10.7m | $10.8m | $10.7m | $10.4m | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($317.9m) |
($66.6m)
+79.06%
|
($161.1m)
-141.96%
|
($89.3m)
+44.54%
|
($132.9m)
-48.73%
|
($74.5m)
+43.95%
|
$18.6m
+124.98%
|
($388.8m)
-2189.67%
|
($272.4m)
+29.93%
|
($201.4m)
+26.04%
|
($327.1m)
-62.37%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $28.9m | $55.7m | $268.4m | ($279.4m) | $235.6m | ($10.1m) | ($260.2m) | $108.6m | $202.7m | $624.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $28.9m | $475.1m | $757.1m | $477.7m | $713.2m | $703.2m | $443.0m | $551.5m | $754.3m | $624.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $7.9m | $8.7m | $8.0m | $13.4m | $18.6m | $17.4m | $16.1m | — | |
| Income Taxes Paid, Net | $108.6m | $66.8m | $33.9m | $24.2m | — | — | $0 | $0 | ($3.2m) | $0 | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense | $13.5m | $11.7m | $12.4m | — | — | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | $2.3m | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | ($3.0m) | ($3.9m) | $1.0m | $7.9m | — | — | |
| Gain (Loss) on Disposition of Assets | $3.4m | $0 | ($8.3m) | ($119k) | ($7.5m) | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | $8.5m | — | — | — | — | — | — | — | |
| General and Administrative Expense | — | — | — | — | — | — | $47.4m | $53.3m | $62.9m | $68.1m | — | |
| Goodwill | — | $16.0m | $22.4m | $22.4m | $22.4m | $22.4m | $22.4m | $22.4m | $22.4m | $24.1m | — | |
| Income Tax Expense (Benefit) | $116.8m | $121.7m | ($27.4m) | $11.0m | ($6.6m) | $15.4m | $25.5m | $23.6m | $70.8m | $62.8m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $45.4m | $40.0m | — | |
| Payments for Repurchase of Warrants | — | — | — | — | — | — | — | $0 | $18k | $0 | — | |
| Proceeds from Noncontrolling Interests | $6.8m | $6.8m | $0 | $15.7m | $5.3m | $100k | $1.5m | $1.8m | $0 | $0 | — | |
| Proceeds from Stock Options Exercised | $485k | $382k | $6.7m | $2k | $1.9m | $8.0m | $1.2m | $1.3m | $32k | $7.3m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $307.4m | — | — | — | — | — | — | — | — |