XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES $ 104,498 $ 75,609 $ 180,708 $ 144,240
OPERATING EXPENSES:        
Patent administration and licensing 38,695 37,353 78,803 73,424
Development 22,092 17,027 40,910 35,522
Selling, general and administrative 11,794 12,314 24,397 26,529
TOTAL OPERATING EXPENSES 72,581 66,694 144,110 135,475
Income from operations 31,917 8,915 36,598 8,765
INTEREST EXPENSE (9,971) (9,907) (20,516) (19,385)
OTHER INCOME, NET 3,789 12,354 9,812 15,969
Income before income taxes 25,735 11,362 25,894 5,349
INCOME TAX PROVISION (5,144) (4,984) (6,964) (3,185)
NET INCOME 20,591 6,378 18,930 2,164
Net loss attributable to noncontrolling interest (1,660) (1,365) (3,437) (2,776)
NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC. $ 22,251 $ 7,743 $ 22,367 $ 4,940
NET INCOME PER COMMON SHARE — BASIC (in USD per share) $ 0.72 $ 0.25 $ 0.73 $ 0.15
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC (in shares) 30,757 31,547 30,740 32,076
NET INCOME PER COMMON SHARE — DILUTED (in USD per share) $ 0.72 $ 0.24 $ 0.72 $ 0.15
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED (in shares) 31,045 31,776 30,982 32,366
Patent licensing royalties        
REVENUES $ 101,184 $ 73,567 $ 174,182 $ 139,945
Technology solutions        
REVENUES 3,314 2,042 6,526 4,070
Patent sales        
REVENUES $ 0 $ 0 $ 0 $ 225