INTERDIGITAL, INC. IDCC Cash Flow

Interdigital, inc. (IDCC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
17,504	14,951	3,859	23,134	26,532	59,475	110,282	124,897	166,665	170,714	254,824	323,622	311,107	305,480	202,022	122,287	115,213	116,394	97,303	86,150	132,307	101,420	102,062	115,537	46,031	35,683	37,345	246,904	247,971	271,804	279,039	69,576	77,059	89,468	101,012	110,321	128,128	153,616	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization
77,740	77,094	75,991	74,412	69,923	66,108	61,268	58,136	57,224	57,053	56,412	55,066	54,405	52,753	51,629	50,312	49,029	47,793	46,838	47,297	44,535	42,246	40,044	35,545	34,757	33,385	31,098	29,874	27,940	26,248	25,292	24,640	24,250	23,805	23,396	23,073	22,485	22,125	0	0	0
Non-cash interest expense, net
19,264	18,709	16,411	15,251	14,211	13,509	14,036	13,468	13,284	13,105	12,927	12,751	12,587	15,252	17,939	20,528	23,094	20,869	17,668	14,540	11,461	10,325	10,169	10,021	9,872	9,726	9,581	9,440	9,299	9,165	0	0	0	-	-	-	-	-	-	-	-
Non-cash change in fair-value
-5,501	710	4,594	4,594	4,594	3,884	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue recognized
-	-	-	-	-	-	-	-	-	-	-	-	-276,986	-	-47,208	-179,953	-172,917	-163,354	-156,331	-151,453	-145,617	-163,139	-190,051	-47,155	-121,907	-174,014	67,112	-168,626	-192,026	-223,419	0	0	0	-	-	-	-405,979	-283,012	0	0	0
Change in deferred revenue
-3,838	-7,749	-1,981	-28,621	8,835	6,966	-117,126	-96,099	-267,184	-36,892	-28,345	-44,409	310,281	205,721	347,032	305,356	121,899	113,962	93,065	106,802	330,890	272,885	293,526	300,436	212,859	209,930	332,660	316,387	168,455	174,604	0	0	0	-	-	-	90,500	81,737	0	0	0
Accretion of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Amortization of Financing Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Deferred income taxes
-2,073	-4,123	65,085	49,079	48,176	45,426	-84,770	-68,150	-49,057	-64,950	7,188	48,094	3,108	13,261	-27,987	-61,223	-39,502	-34,770	-31,399	-62,627	-61,945	-62,979	-49,526	-4,416	7,862	4,861	56,916	27,481	25,845	40,416	-10,776	7,926	-8,008	-1,210	26,742	-1,201	11,487	-6,738	0	0	0
Share-based compensation
7,510	7,603	8,231	8,664	8,369	7,089	9,036	10,721	13,561	18,062	20,440	21,238	20,514	21,840	20,749	19,420	18,804	15,139	14,727	15,072	19,363	18,494	17,563	17,870	12,531	15,940	13,693	11,151	10,441	6,495	6,716	7,883	8,011	8,115	7,903	6,534	6,035	5,801	0	0	0
Other than Temporary Impairment Losses, Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,720	6,669	6,669	6,669	0	0	0	315	1,616	0	0	0	-	-	-	-
Other
1,107	623	0	-31	3	-625	0	28	-7	-2	189	54	110	-32	125	-282	-244	436	402	915	723	572	42	655	835	424	574	-702	52	90	217	865	-284	-238	-291	-335	133	80	0	0	0
(Increase) decrease in assets:
Receivables
-7,681	-6,742	-6,413	-25,919	-8,944	-31,615	-220,694	-166,278	-210,636	-12,171	-91,280	-49,660	-56,598	-169,927	26,472	-8,868	7,207	-2,166	34,159	-185,362	101,279	26,128	235,872	454,814	171,622	77,044	-252,500	-261,814	-263,107	-141,795	18,386	20,205	19,559	5,553	-780	-129,352	-126,233	-179,273	0	0	0
Deferred charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Deferred charges and other assets
29,506	27,206	-55,537	5,735	-3,677	6,065	31,041	-23,847	-23,812	-19,426	-24,604	-28,966	-3,080	-15,222	29,898	32,989	6,348	8,489	-357	3,423	11,441	6,156	-2,194	-7,181	-12,400	-9,753	-22,136	-21,000	-18,498	-21,651	20,241	20,332	17,379	21,025	2,247	-489	-123	-2,319	0	0	0
Increase (decrease) in liabilities:
Accounts payable
-9,284	-638	-1,984	5,956	11,289	6,203	5,049	-3,410	-5,222	-3,789	-1,558	-8,041	-1,816	-5,564	-4,710	3,196	5,650	2,503	3,629	594	-156	-10,396	1,166	297	3,573	14,655	-6,412	3,462	395	2,453	10,034	2,439	-1,100	-571	-4,084	-3,390	-3,000	417	0	0	0
Accrued compensation and other expenses
18,032	9,699	12,300	5,485	-5,369	254	-7,038	-1,770	-1,194	-3,218	13,456	10,749	11,301	5,155	9,390	6,187	1,077	-2,448	-22,581	-13,012	-12,206	5,853	1,312	3,544	-5,819	-24,522	1,319	-6,864	12,337	21,849	1,246	-5,264	-15,588	-2,322	7,662	13,688	10,630	8,130	0	0	0
Accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Accrued taxes payable and other tax contingencies
218	-1,457	-97,829	-54	-249	-4,718	75,410	-29,406	-30,279	4,220	15,246	26,717	25,321	8,793	1,043	-2,759	1,941	1,501	3,852	-28,698	10,401	-5,635	10,448	43,044	1,343	3,096	-132,019	-3,064	-3,194	695	129,991	-5,833	-5,160	-7,185	-35,030	-47,283	-45,501	-29,825	0	0	0
Net cash used in operating activities
93,329	89,433	42,151	87,037	116,606	146,792	394,076	328,440	341,060	315,800	331,636	216,759	388,666	434,159	297,490	308,274	142,215	124,348	83,706	238,798	246,643	242,013	185,484	28,706	139,078	218,175	95,906	438,688	279,551	177,608	298,644	-44,411	-54,836	-34,338	-61,781	21,118	56,014	133,923	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of short-term investments
202,107	92,436	92,263	133,470	49,128	142,555	259,311	518,909	594,209	930,016	814,182	931,882	970,570	560,075	803,292	524,078	613,652	643,087	442,052	434,230	274,606	438,157	519,882	467,691	527,817	417,728	356,997	333,989	302,379	331,828	510,038	562,669	659,761	713,683	659,104	749,215	691,928	696,478	0	0	0
Sales of short-term investments
228,924	389,032	437,307	418,204	464,578	399,105	390,636	643,067	638,128	751,308	724,227	439,076	357,090	434,510	599,270	712,780	703,881	495,201	415,841	322,719	344,003	363,175	356,768	487,891	499,604	443,074	414,604	379,052	383,744	442,182	532,992	529,451	640,289	703,538	627,290	695,879	632,332	568,888	0	0	0
Purchases of property and equipment
4,528	4,509	3,756	3,896	3,761	2,576	3,011	2,788	2,202	2,071	3,347	4,441	4,556	5,882	5,342	4,637	4,456	3,700	5,734	6,958	6,713	7,095	5,055	4,877	5,382	4,591	4,374	3,771	3,519	3,621	3,291	3,039	3,435	3,835	3,305	3,258	3,009	2,520	0	0	0
Capitalized patent costs
31,256	33,481	34,347	35,402	32,515	32,069	32,472	32,889	35,181	34,933	34,690	32,841	32,383	32,658	30,034	29,943	29,401	29,766	32,613	31,011	32,476	31,932	35,845	36,434	37,017	34,057	30,071	28,187	25,613	28,317	27,527	28,911	28,128	27,172	27,279	27,072	27,630	27,814	0	0	0
Acquisition of patents
-	-	-	-	-	-	-	-	-	0	100	400	400	4,900	4,800	4,500	4,500	20,000	20,000	21,025	46,300	26,300	38,300	37,275	12,513	25,013	14,713	15,463	26,950	15,450	0	0	0	-	-	-	-	-	-	-	-
Long-term investments
-	-	-	-	-	6,700	8,085	10,149	8,349	4,600	3,201	701	2,501	2,000	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
683	268,256	316,941	102,015	231,503	69,984	-57,463	76,097	-1,798	-220,297	-179,293	-579,189	-701,320	-219,005	-252,227	134,999	39,249	-213,975	-91,152	-170,505	-16,092	-140,309	-241,869	-57,941	-82,680	-38,315	8,004	-2,803	24,838	62,966	-21,614	-78,168	-52,035	-41,152	-62,398	-83,666	-90,235	-157,924	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from exercise of stock options
778	2	363	2,795	6,725	6,723	6,662	4,230	300	382	265	339	567	485	0	0	0	-	-	-	-	402	667	744	1,166	1,032	2,132	2,162	2,080	2,111	1,160	2,135	2,125	4,497	14,945	16,007	17,537	21,520	0	0	0
Noncontrolling Interest, Increase from Business Combination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt
316,000	221,091	0	0	0	-	-	-	-	-	-	-	-	230,000	230,000	230,000	230,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of convertible senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Hedge, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,881	42,881	42,881	42,881	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,403	9,403	9,403	9,403	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from non-controlling interests
5,333	15,666	10,333	10,333	10,333	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt, including capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180	253	327	319	288	287	291	276	584	0	0	0
Dividends paid
43,698	44,580	45,679	46,938	47,942	48,468	48,620	46,880	45,118	43,255	41,393	37,838	34,359	31,135	27,942	28,263	28,572	28,937	29,453	30,306	27,119	23,729	20,241	16,327	16,397	12,354	77,922	78,152	78,507	83,077	17,936	18,128	18,194	18,150	0	0	0	-	-	-	-
Taxes withheld upon restricted stock unit vestings
996	4,368	4,644	4,556	4,627	8,807	9,041	8,996	9,120	22,798	22,249	28,896	28,741	3,381	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess Tax Benefit from Share-based Compensation, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,457	908	967	409	0	1,270	1,328	1,805	815	155	-9	-430	898	3,932	6,040	6,035	5,131	8,096	6,992	7,235	7,653	0	0	0
Repurchase of common stock
87,632	196,269	238,266	272,602	213,467	110,505	51,201	16,865	13,717	7,693	0	5,690	24,286	64,685	72,043	84,833	86,078	96,410	153,655	214,743	203,356	152,625	0	0	0	-	-	-	-	152,694	152,694	77,745	25,325	0	0	0	0	-	-	-	-
Net cash used in financing activities
-80,899	-89,324	-137,668	-169,668	-248,978	-161,057	-95,399	-61,710	-60,854	-66,563	-55,948	-58,006	-72,580	-321,287	-335,744	-348,921	-344,357	171,267	116,290	55,697	65,196	-170,851	-130,359	-46,742	-33,633	-31,989	-69,259	-145,847	-204,329	-232,942	-165,791	-88,025	175,382	202,250	220,212	224,706	19,970	28,589	0	0	0
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
13,113	268,365	221,424	19,384	99,131	55,719	241,214	342,827	278,408	28,940	96,395	-420,436	-385,234	-106,133	-290,481	94,352	-162,893	81,640	108,844	123,990	295,747	-69,147	-186,744	-75,977	22,765	147,871	34,651	290,038	100,060	7,632	111,239	-210,604	68,511	126,760	96,033	162,158	-14,251	4,588	0	0	0
Interest paid
-	-	-	-	-	-	-	0	4,740	-	4,740	4,740	4,740	7,615	7,615	10,358	10,358	7,988	7,988	5,750	5,750	5,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid, including foreign withholding taxes
-	-	-	-	-	-	-	0	71,856	-	79,182	70,460	97,202	108,635	100,573	101,301	87,489	85,780	72,718	128,817	117,200	114,876	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest, Period Increase (Decrease)
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued capitalized patent costs, acquisition of patents and property and equipment
-	-	-	-	-	-	-	0	3,415	-	1,092	-426	-751	-146	1,102	-18,935	-19,005	-18,155	-61,666	-41,159	-20,864	-20,546	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess Tax Benefit from Share-based Compensation, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	46	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-