10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000934549-18-000043`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	actg-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 2 Cash Flow Statement 46 Comprehensive Income 14

Balance Sheet 72 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`	$150.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.84M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$29.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.65M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.64M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.75M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$153.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.64M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.65M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.80M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$188.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$139.69M	USD	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
Investments at fair value	`Investmentsatfairvalue`	$63.66M	USD	Point-in-time
Investments at fair value	`Investmentsatfairvalue`	$104.75M	USD	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
Investment - other	`EquityMethodInvestments`	$2.19M	USD	Point-in-time
Investment - other	`EquityMethodInvestments`	$8.20M	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
Patents, net	`PatentsNetOfAccumulatedAmortization`	$56.59M	USD	Point-in-time
Patents, net	`PatentsNetOfAccumulatedAmortization`	$61.92M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.73M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$207.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.19M	USD	Point-in-time
Total assets	`Assets`	$317.83M	USD	Point-in-time
Total assets	`Assets`	$308.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.04M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.96M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$1.60M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$39.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.56M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.78M	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; 50,647,882 and 50,639,926 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 50,647,882 and 50,639,926 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2018 and December 31, 2017	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Treasury stock, at cost, 1,729,408 shares as of March 31, 2018 and December 31, 2017	`TreasuryStockValue`	$34.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$649.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$649.00M	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-88.00K	USD	Point-in-time
Accumulated comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-125.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-320.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-349.55M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$294.30M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$265.46M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$1.59M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$1.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$295.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$267.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$317.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$308.77M	USD	Point-in-time

Income Statement 2 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$2.13M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$-1.02M	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-32.11M	USD	1 Quarter
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-12.12M	USD	1 Quarter
Change in fair value of investment, net	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Change in fair value of investment, net	`UnrealizedGainLossOnInvestments`	$-41.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.54M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$2.13M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$-1.02M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-87.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-348.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$59.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.97M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.74M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$863.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.58M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.06M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$36.61M	USD	1 Quarter
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$-10.83M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-976.00K	USD	1 Quarter
Payments to Acquire Other Investments	`PaymentsToAcquireOtherInvestments`	-	USD	1 Quarter
Payments to Acquire Other Investments	`PaymentsToAcquireOtherInvestments`	$7.00M	USD	1 Quarter
Advances to Investee	`PaymentsToAcquireNotesReceivable`	$1.00M	USD	1 Quarter
Advances to Investee	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$174.15M	USD	1 Quarter
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$33.31M	USD	1 Quarter
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$102.68M	USD	1 Quarter
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$4.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.31M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-72.47M	USD	1 Quarter
Repurchased Restricted Common Stock	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	1 Quarter
Repurchased Restricted Common Stock	`PaymentsForRepurchaseOfCommonStock`	$7.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$31.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$255.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.69M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-73.22M	USD	1 Quarter
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$150.29M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$136.60M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$139.05M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$65.84M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$150.29M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$136.60M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$139.05M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$65.84M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-32.11M	USD	1 Quarter
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-12.12M	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	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-20.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of tax of $0	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$14.00K	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-17.00K	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation, net of tax of $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$13.00K	USD	1 Quarter
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-32.15M	USD	1 Quarter
Total other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.09M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-73.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-291.00K	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-11.80M	USD	1 Quarter
Comprehensive loss attributable to Acacia Research Corporation	`ComprehensiveIncomeNetOfTax`	$-32.08M	USD	1 Quarter

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