10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000934549-14-000018`
Period End Date	20140930
Filing Date	20141106
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	actg-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 4 Cash Flow Statement 62 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
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`	$154.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.39M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$72.46M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$130.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.10M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.34M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$12.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.39M	shares	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
Deferred income tax	`DeferredTaxAssetsLiabilitiesNet`	$3.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.79M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$273.73M	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`	$248.35M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$634.00K	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
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`	$269.44M	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`	$318.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$351.00K	USD	Point-in-time
Total assets	`Assets`	$593.39M	USD	Point-in-time
Total assets	`Assets`	$548.92M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.55M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.56M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$4.00M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$4.00M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$10.45M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$17.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.34M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.34M	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`	$310.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$41.99M	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; 50,104,675 and 49,385,057 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,104,675 and 49,385,057 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of September 30, 2014 and December 31, 2013	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of September 30, 2014 and December 31, 2013	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$648.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$653.31M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-947.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-781.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-111.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.07M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$501.54M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$555.71M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$6.49M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$5.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$506.93M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$562.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$548.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$593.39M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$9.39M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.95M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$20.81M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$14.02M	USD	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-12.84M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-15.49M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-23.85M	USD	3 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-50.52M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.75M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.09M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$9.39M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.95M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$20.81M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$14.02M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-358.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-22.00K	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-24.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.97M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.36M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.87M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.72M	USD	3 Qtrs
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.87M	USD	3 Qtrs
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.50M	USD	3 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$7.33M	USD	3 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$-4.20M	USD	3 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.53M	USD	3 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$29.04M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.89M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.82M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$106.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$579.00K	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$76.13M	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$232.81M	USD	3 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$155.67M	USD	3 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$133.88M	USD	3 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$24.52M	USD	3 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$10.42M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.12M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-88.14M	USD	3 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	$867.00K	USD	3 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$12.39M	USD	3 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$18.77M	USD	3 Qtrs
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	$1.92M	USD	3 Qtrs
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$18.00K	USD	3 Qtrs
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-358.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$198.00K	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$301.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.44M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.55M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-103.50M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.57M	USD	3 Qtrs
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$221.80M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$154.26M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$118.30M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$221.80M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$154.26M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$118.30M	USD	Point-in-time
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	$9.75M	USD	3 Qtrs
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	$2.00M	USD	3 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	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	3 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	3 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-12.84M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-15.49M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-23.85M	USD	3 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-50.52M	USD	3 Qtrs
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.20M	USD	3 Qtrs
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$149.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-194.00K	USD	3 Qtrs
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-347.00K	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$274.00K	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-577.00K	USD	3 Qtrs
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.36M	USD	3 Qtrs
Reclassification adjustment for (gains) losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-350.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-15.61M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-23.47M	USD	3 Qtrs
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-50.35M	USD	3 Qtrs
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.83M	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$225.00K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-736.00K	USD	3 Qtrs
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-420.00K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-752.00K	USD	3 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-12.41M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-22.72M	USD	3 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-15.84M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-49.62M	USD	3 Qtrs

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