10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000934549-14-000010`
Period End Date	20140331
Filing Date	20140509
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	actg-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 2 Cash Flow Statement 52 Comprehensive Income 14

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$130.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.39M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.04M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$95.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.39M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$13.54M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.04M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.34M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsLiabilitiesNet`	$3.14M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsLiabilitiesNet`	$3.14M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.55M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$253.29M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$273.73M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$766.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$782.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.73M	shares	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$290.20M	USD	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$288.43M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.73M	shares	Point-in-time
Goodwill	`Goodwill`	$30.15M	USD	Point-in-time
Goodwill	`Goodwill`	$30.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$309.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$318.00K	USD	Point-in-time
Total assets	`Assets`	$593.39M	USD	Point-in-time
Total assets	`Assets`	$574.73M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.29M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.55M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$19.25M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$4.00M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$3.90M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$10.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$319.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$319.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$31.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.51M	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,041,123 and 49,385,057 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,041,123 and 49,385,057 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$49.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2014 and December 31, 2013	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2014 and December 31, 2013	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$650.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$653.31M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-976.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-947.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.07M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$528.88M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$555.71M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$6.34M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$6.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$535.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$562.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$574.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$593.39M	USD	Point-in-time

Income Statement 2 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$4.76M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$5.16M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$5.11M	USD	1 Quarter
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-24.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.77M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$4.76M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$5.16M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$709.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.51M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.66M	USD	1 Quarter
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$740.00K	USD	1 Quarter
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.43M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$24.23M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$-6.55M	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.11M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.43M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.82M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.00K	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$97.22M	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$14.23M	USD	1 Quarter
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$53.26M	USD	1 Quarter
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$48.63M	USD	1 Quarter
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$987.00K	USD	1 Quarter
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$4.01M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.31M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.21M	USD	1 Quarter
Payments of Dividends	`PaymentsOfDividends`	-	USD	1 Quarter
Payments of Dividends	`PaymentsOfDividends`	$6.25M	USD	1 Quarter
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	-	USD	1 Quarter
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	$1.92M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$709.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$117.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$90.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.75M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.17M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.64M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.72M	USD	1 Quarter
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$221.80M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$193.16M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$221.80M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$193.16M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	$15.25M	USD	1 Quarter
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	-	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Net income (loss) attributable to Acacia Research Corporation	`NetIncomeLoss`	$5.11M	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Net income (loss) attributable to Acacia Research Corporation	`NetIncomeLoss`	$-24.42M	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-476.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.70M	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$848.00K	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-447.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-24.45M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.96M	USD	1 Quarter
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$5.96M	USD	1 Quarter
Comprehensive income (loss) attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-24.45M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.