10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000934549-15-000040`
Period End Date	20150630
Filing Date	20150810
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	actg-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 4 Cash Flow Statement 56 Comprehensive Income 32

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.47M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.72M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.07M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.98M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.98M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$37.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.07M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$58.56M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$20.17M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$37.55M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNet`	$1.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNet`	$1.16M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.15M	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
Total current assets	`AssetsCurrent`	$218.71M	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
Total current assets	`AssetsCurrent`	$210.75M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$374.00K	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`	$500.00K	USD	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$262.34M	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`	$503.96M	USD	Point-in-time
Total assets	`Assets`	$536.35M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.86M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.53M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$16.70M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	-	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$20.18M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$14.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.71M	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`	$228.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$271.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$47.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.14M	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; 50,979,582 and 50,065,382 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,979,582 and 50,065,382 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of June 30, 2015 and December 31, 2014	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of June 30, 2015 and December 31, 2014	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$641.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$646.60M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-353.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-413.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-144.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.09M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$461.29M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$483.56M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$5.49M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$9.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$489.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$536.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$503.96M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$10.07M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$6.42M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$5.30M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.18M	USD	1 Quarter

Cash Flow Statement 56 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`	$-12.78M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$777.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.17M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$10.07M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$6.42M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$5.30M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.18M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	-	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-127.00K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$10.72M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.38M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.84M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$791.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.72M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.29M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.74M	USD	2 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$9.87M	USD	2 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$5.83M	USD	2 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	2 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.67M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.45M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-639.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$97.00K	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$23.30M	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$33.36M	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`	$44.84M	USD	2 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$22.10M	USD	2 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$18.67M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.19M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.87M	USD	2 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	$867.00K	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$12.51M	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$12.75M	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$938.00K	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$185.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.81M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.20M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.38M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.36M	USD	2 Qtrs
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$126.69M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$146.04M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$119.08M	USD	Point-in-time
Cash and cash equivalents, beginning	`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`	$146.04M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$119.08M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$134.47M	USD	Point-in-time
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	$3.00M	USD	2 Qtrs
Patent acquisition costs included in accrued expenses	`PatentAcquisitionCostsIncludedInAccruedExpenses`	-	USD	2 Qtrs

Comprehensive Income 32 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	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	2 Qtrs
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`	$-12.78M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$777.00K	USD	1 Quarter
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-262.00K	USD	2 Qtrs
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-849.00K	USD	2 Qtrs
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-119.00K	USD	1 Quarter
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-373.00K	USD	1 Quarter
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-141.00K	USD	2 Qtrs
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-113.00K	USD	1 Quarter
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-259.00K	USD	1 Quarter
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-343.00K	USD	2 Qtrs
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.01M	USD	2 Qtrs
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-565.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.92M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.84M	USD	2 Qtrs
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`	$804.00K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-167.00K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.04M	USD	2 Qtrs
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.46M	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-316.00K	USD	2 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-12.76M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-16.88M	USD	2 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-3.66M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-37.21M	USD	2 Qtrs

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