10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000934549-16-000146`
Period End Date	20160630
Filing Date	20160809
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	actg-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 4 Cash Flow Statement 56 Comprehensive Income 32

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`	$139.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.22M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.08M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.65M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.72M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.39M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$14.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.65M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$32.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.39M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.33M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$33.50M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNet`	$210.00K	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`	$210.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.31M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.22M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$194.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$183.88M	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
Treasury Stock, Shares	`TreasuryStockShares`	1.73M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$272.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$189.00K	USD	Point-in-time
Patents, net	`PatentsNetOfAccumulatedAmortization`	$100.96M	USD	Point-in-time
Patents, net	`PatentsNetOfAccumulatedAmortization`	$162.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$365.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.11M	USD	Point-in-time
Total assets	`Assets`	$296.41M	USD	Point-in-time
Total assets	`Assets`	$347.90M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$17.35M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.42M	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	-	USD	Point-in-time
Accrued patent investment costs	`AccruedPatentAcquisitionRelatedPaymentsCurrent`	$1.00M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$14.88M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$17.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$210.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$210.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$354.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$311.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$29.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.75M	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; 50,392,241 and 50,651,239 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,392,241 and 50,651,239 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of June 30, 2016 and December 31, 2015	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of June 30, 2016 and December 31, 2015	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$636.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$633.15M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-215.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-171.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-288.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-338.67M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$310.21M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$262.90M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$3.94M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$3.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$266.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$314.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$296.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$347.90M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$6.42M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$1.48M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.18M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.21M	USD	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-12.78M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-50.82M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-40.92M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$777.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.39M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$6.42M	USD	2 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$1.48M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.18M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.21M	USD	2 Qtrs
Impairment of Intangible Assets (Excluding Goodwill)	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	2 Qtrs
Impairment of Intangible Assets (Excluding Goodwill)	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$40.16M	USD	1 Quarter
Impairment of Intangible Assets (Excluding Goodwill)	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	1 Quarter
Impairment of Intangible Assets (Excluding Goodwill)	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$40.16M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$18.00K	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-127.00K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$10.72M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.31M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.38M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-29.18M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-654.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$791.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.29M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.88M	USD	2 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$2.98M	USD	2 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$5.83M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.45M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.79M	USD	2 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$17.46M	USD	2 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$44.84M	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$23.30M	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$49.68M	USD	2 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$1.00M	USD	2 Qtrs
Investments in patents/ patent rights	`PaymentsToAcquireIntangibleAssets`	$18.67M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.87M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.22M	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	-	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$12.75M	USD	2 Qtrs
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	2 Qtrs
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$938.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.81M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.38M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.55M	USD	2 Qtrs
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$139.77M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$134.47M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.22M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$119.08M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$139.77M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$134.47M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$135.22M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$119.08M	USD	Point-in-time

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	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	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-12.78M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-50.82M	USD	2 Qtrs
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-40.92M	USD	1 Quarter
Net Loss, Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$777.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$26.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-262.00K	USD	2 Qtrs
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-119.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$26.00K	USD	2 Qtrs
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-48.00K	USD	1 Quarter
Unrealized loss on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.00K	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`	$-113.00K	USD	1 Quarter
Reclassification adjustment for income (losses) included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-259.00K	USD	1 Quarter
Reclassification adjustment for income (losses) included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-343.00K	USD	2 Qtrs
Reclassification adjustment for income (losses) included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$1.00K	USD	1 Quarter
Reclassification adjustment for income (losses) included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-22.00K	USD	2 Qtrs
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-50.77M	USD	2 Qtrs
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-40.94M	USD	1 Quarter
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.84M	USD	2 Qtrs
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$804.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-280.00K	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-348.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.04M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.46M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-16.88M	USD	2 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-40.60M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-50.49M	USD	2 Qtrs
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-3.66M	USD	1 Quarter

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