10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000934549-15-000013`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	actg-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 2 Cash Flow Statement 50 Comprehensive Income 16

Balance Sheet 80 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`	$134.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.05M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.72M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.07M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$58.56M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$53.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.05M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$30.01M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$20.17M	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
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNet`	$1.16M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNet`	$1.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.06M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.36M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$218.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$201.78M	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
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$500.00K	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.73M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.73M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$421.00K	USD	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$274.66M	USD	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$286.64M	USD	Point-in-time
Goodwill	`Goodwill`	$30.15M	USD	Point-in-time
Goodwill	`Goodwill`	$30.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$355.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$355.00K	USD	Point-in-time
Total assets	`Assets`	$536.35M	USD	Point-in-time
Total assets	`Assets`	$507.36M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.86M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.71M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$900.00K	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$16.70M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$19.13M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$14.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$250.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$228.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$34.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$47.30M	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; 51,049,566 and 50,065,382 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 51,049,566 and 50,065,382 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2015 and December 31, 2014	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2015 and December 31, 2014	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$644.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$646.60M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-440.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-353.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.22M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$468.15M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$483.56M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$5.07M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$5.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$489.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$473.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$536.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$507.36M	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`	$3.25M	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-24.57M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-13.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.10M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$4.76M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.25M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-12.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	-	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$10.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.84M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$702.00K	USD	1 Quarter
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$740.00K	USD	1 Quarter
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.13M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$4.78M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$-6.55M	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.11M	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.83M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.43M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.00K	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$14.23M	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$13.37M	USD	1 Quarter
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$18.58M	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`	$16.86M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.65M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.31M	USD	1 Quarter
Payments of Dividends	`PaymentsOfDividends`	$6.38M	USD	1 Quarter
Payments of Dividends	`PaymentsOfDividends`	$6.25M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$938.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$90.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.17M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.44M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.72M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.92M	USD	1 Quarter
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$134.47M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$101.55M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$134.47M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$101.55M	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`	$900.00K	USD	1 Quarter

Comprehensive Income 16 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	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-24.57M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-13.55M	USD	1 Quarter
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-143.00K	USD	1 Quarter
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-476.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-28.00K	USD	1 Quarter
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-84.00K	USD	1 Quarter
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-447.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-24.60M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.64M	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-422.00K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-149.00K	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-13.22M	USD	1 Quarter
Comprehensive 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.