10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000934549-17-000019`
Period End Date	20170331
Filing Date	20170510
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	actg-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 2 Cash Flow Statement 48 Comprehensive Income 14

Balance Sheet 76 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.32M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.33M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$11.52M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$11.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.48M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.53M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$90.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.53M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$19.44M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$26.75M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.78M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.14M	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
Total current assets	`AssetsCurrent`	$188.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$169.68M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Loan receivable and accrued interest	`LongTermInvestmentsAndReceivablesNet`	$19.75M	USD	Point-in-time
Loan receivable and accrued interest	`LongTermInvestmentsAndReceivablesNet`	$18.62M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment warrants and shares	`Investmentwarrants`	$1.96M	USD	Point-in-time
Investment warrants and shares	`Investmentwarrants`	$2.20M	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	`PropertyPlantAndEquipmentNet`	$94.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$127.00K	USD	Point-in-time
Patents, net	`PatentsNetOfAccumulatedAmortization`	$80.80M	USD	Point-in-time
Patents, net	`PatentsNetOfAccumulatedAmortization`	$86.32M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$336.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$491.00K	USD	Point-in-time
Total assets	`Assets`	$272.86M	USD	Point-in-time
Total assets	`Assets`	$296.00M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.28M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$13.91M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$3.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.19M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$369.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$380.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$28.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.17M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`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; 50,533,407 and 50,476,042 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,533,407 and 50,476,042 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2017 and December 31, 2016	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2017 and December 31, 2016	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$642.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$644.79M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-49.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-76.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-342.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-354.03M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$265.59M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$256.13M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$1.56M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$1.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$257.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$267.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$296.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$272.86M	USD	Point-in-time

Income Statement 2 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$1.74M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$2.13M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-9.90M	USD	1 Quarter
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-12.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.80M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$1.74M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$2.13M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-348.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$69.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$798.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.97M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.32M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$134.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.74M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.58M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.73M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$3.74M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$-10.83M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-979.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.11M	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$174.15M	USD	1 Quarter
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	-	USD	1 Quarter
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$102.68M	USD	1 Quarter
Patent portfolio investment costs	`PaymentsToAcquireIntangibleAssets`	$1.00M	USD	1 Quarter
Patent portfolio investment costs	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Advances to Investee	`PaymentsToAcquireNotesReceivable`	$1.00M	USD	1 Quarter
Advances to Investee	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-72.47M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	1 Quarter
Repurchased Restricted Common Stock	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	1 Quarter
Repurchased Restricted Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$255.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-73.22M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.11M	USD	1 Quarter
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.22M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$54.32M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$127.54M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$145.33M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$135.22M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$54.32M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$127.54M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$145.33M	USD	Point-in-time

Comprehensive Income 14 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 income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-9.90M	USD	1 Quarter
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-12.12M	USD	1 Quarter
Unrealized gain on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$14.00K	USD	1 Quarter
Unrealized gain on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$13.00K	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$67.00K	USD	1 Quarter
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.09M	USD	1 Quarter
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.83M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$68.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-291.00K	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-9.90M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-11.80M	USD	1 Quarter

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