10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000934549-14-000014`
Period End Date	20140630
Filing Date	20140807
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	actg-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 4 Cash Flow Statement 58 Comprehensive Income 28

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
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`	$146.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.91M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$74.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.04M	shares	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 outstanding	`CommonStockSharesOutstanding`	50.04M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$25.18M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.39M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.34M	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
Deferred income tax	`DeferredTaxAssetsLiabilitiesNet`	$3.14M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.79M	USD	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$273.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$254.95M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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`	$701.00K	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`	$288.43M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.73M	shares	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$282.52M	USD	Point-in-time
Goodwill	`Goodwill`	$30.15M	USD	Point-in-time
Goodwill	`Goodwill`	$30.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$318.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$350.00K	USD	Point-in-time
Total assets	`Assets`	$593.39M	USD	Point-in-time
Total assets	`Assets`	$568.68M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.55M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.79M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$4.00M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$6.00M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$20.31M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$10.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.21M	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`	$46.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.20M	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; 50,039,138 and 49,385,057 shares issued and outstanding as of June 30, 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; 50,039,138 and 49,385,057 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$49.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of June 30, 2014 and December 31, 2013	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of June 30, 2014 and December 31, 2013	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$651.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$653.31M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-784.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-947.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.07M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$516.24M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$555.71M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$5.81M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$6.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$562.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$522.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$593.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$568.68M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$11.43M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$6.27M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$5.30M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$10.07M	USD	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-37.69M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-13.12M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-13.48M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-8.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.17M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$11.43M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$6.27M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$5.30M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$10.07M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$847.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.94M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.84M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.86M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.72M	USD	2 Qtrs
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.74M	USD	2 Qtrs
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.36M	USD	2 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$7.48M	USD	2 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$9.87M	USD	2 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$10.55M	USD	2 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.67M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.10M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-639.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$365.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$97.00K	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$33.36M	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$175.04M	USD	2 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$88.74M	USD	2 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$93.81M	USD	2 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$22.10M	USD	2 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$6.26M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.86M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.19M	USD	2 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	$867.00K	USD	2 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$12.51M	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$6.15M	USD	2 Qtrs
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	$1.92M	USD	2 Qtrs
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$847.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$185.00K	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$241.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.14M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.20M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-72.89M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.36M	USD	2 Qtrs
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$221.80M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$146.04M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$148.91M	USD	Point-in-time
Cash and cash equivalents, beginning	`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`	$146.04M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$148.91M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	$8.51M	USD	2 Qtrs
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	$3.00M	USD	2 Qtrs

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-37.69M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-13.12M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-13.48M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-8.37M	USD	2 Qtrs
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-338.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-849.00K	USD	2 Qtrs
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-373.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.36M	USD	2 Qtrs
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$3.00K	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$851.00K	USD	2 Qtrs
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.01M	USD	2 Qtrs
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-565.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-37.52M	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-7.86M	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.82M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.92M	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-316.00K	USD	2 Qtrs
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-167.00K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-977.00K	USD	2 Qtrs
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-977.00K	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-12.84M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-37.21M	USD	2 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-12.76M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-6.88M	USD	2 Qtrs

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