10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000934549-15-000060`
Period End Date	20150930
Filing Date	20151109
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	actg-20150930.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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.26M	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`	$157.78M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.72M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.75M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.07M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$58.56M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.07M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$12.76M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$20.17M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	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 authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.36M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$218.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$187.34M	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
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
Property and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$319.00K	USD	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$249.49M	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`	$353.00K	USD	Point-in-time
Total assets	`Assets`	$467.65M	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`	$17.48M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	-	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$16.70M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$9.24M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$14.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.72M	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`	$291.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$228.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$28.17M	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; 50,750,245 and 50,065,382 shares issued and outstanding as of September 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; 50,750,245 and 50,065,382 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of September 30, 2015 and December 31, 2014	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of September 30, 2015 and December 31, 2014	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$646.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$637.03M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-233.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-353.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-172.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.09M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$429.99M	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`	$9.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$489.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$439.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$467.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$536.35M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$8.59M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$3.95M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$2.16M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$14.02M	USD	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-27.35M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-50.52M	USD	3 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-40.13M	USD	3 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-12.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.75M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$40.13M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$8.59M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$3.95M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$2.16M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$14.02M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.89M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.15M	USD	3 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$82.11M	USD	3 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$133.88M	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$23.30M	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$76.13M	USD	3 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$19.50M	USD	3 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$24.52M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$106.00K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.12M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$39.31M	USD	3 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$19.09M	USD	3 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$18.77M	USD	3 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	$867.00K	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$198.00K	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$938.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.15M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.44M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.57M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.31M	USD	3 Qtrs
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$154.26M	USD	Point-in-time
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`	$157.78M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$154.26M	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`	$157.78M	USD	Point-in-time
Patent acquisition costs included in accrued patent acquisition costs	`PatentAcquisitionCostsIncludedInAccruedExpenses`	$2.00M	USD	3 Qtrs
Patent acquisition costs included in accrued patent acquisition costs	`PatentAcquisitionCostsIncludedInAccruedExpenses`	-	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$10.72M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.41M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.36M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.72M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$569.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.68M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.50M	USD	3 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$-5.11M	USD	3 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$7.33M	USD	3 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.53M	USD	3 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-24.00K	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-127.00K	USD	3 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	3 Qtrs
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	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-27.35M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-50.52M	USD	3 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-40.13M	USD	3 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-12.84M	USD	1 Quarter
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-347.00K	USD	1 Quarter
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-356.00K	USD	3 Qtrs
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-94.00K	USD	1 Quarter
Unrealized loss on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.20M	USD	3 Qtrs
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	3 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`	$-141.00K	USD	3 Qtrs
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-274.00K	USD	1 Quarter
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-350.00K	USD	1 Quarter
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-617.00K	USD	3 Qtrs
Reclassification adjustment for losses included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.36M	USD	3 Qtrs
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.83M	USD	1 Quarter
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-40.01M	USD	3 Qtrs
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-50.35M	USD	3 Qtrs
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-27.17M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	3 Qtrs
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-736.00K	USD	3 Qtrs
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-420.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-43.00K	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-49.62M	USD	3 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-12.41M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-27.13M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-44.01M	USD	3 Qtrs

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