XML 34 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income (loss) including noncontrolling interests in operating subsidiaries $ (66,662)us-gaap_ProfitLoss $ (58,842)us-gaap_ProfitLoss $ 59,289us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) including noncontrolling interests in operating subsidiaries to net cash provided by (used in) operating activities:      
Depreciation and amortization 57,546us-gaap_DepreciationDepletionAndAmortization 53,894us-gaap_DepreciationDepletionAndAmortization 39,168us-gaap_DepreciationDepletionAndAmortization
Non-cash stock compensation 18,115us-gaap_ShareBasedCompensation 27,894us-gaap_ShareBasedCompensation 25,657us-gaap_ShareBasedCompensation
Excess tax benefits from stock-based compensation 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 1,398us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (13,210)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Provision for deferred income taxes (1,736)us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount (26,746)us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount 9,889us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount
Other (28)us-gaap_OtherOperatingActivitiesCashFlowStatement 12us-gaap_OtherOperatingActivitiesCashFlowStatement 777us-gaap_OtherOperatingActivitiesCashFlowStatement
Changes in assets and liabilities:      
Accounts receivable (13,827)us-gaap_IncreaseDecreaseInAccountsReceivable 3,502us-gaap_IncreaseDecreaseInAccountsReceivable (6,928)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other assets 3,154us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (5,300)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,294)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses / costs 3,718us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 2,740us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 2,255us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Royalties and contingent legal fees payable 3,904actg_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable (2,061)actg_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable (11,000)actg_IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
Net cash provided by (used in) operating activities 4,184us-gaap_NetCashProvidedByUsedInOperatingActivities (3,509)us-gaap_NetCashProvidedByUsedInOperatingActivities 104,603us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Purchase of property and equipment (109)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (675)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (268)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of available-for-sale investments (109,963)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (279,693)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (402,500)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Sale of available-for-sale investments 182,115us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 239,370us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 322,236us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Purchase of ADAPTIX, Inc., net of cash acquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (150,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Patent acquisition costs (42,746)us-gaap_PaymentsToAcquireIntangibleAssets (25,061)us-gaap_PaymentsToAcquireIntangibleAssets (178,260)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash provided by (used in) investing activities 29,297us-gaap_NetCashProvidedByUsedInInvestingActivities (66,059)us-gaap_NetCashProvidedByUsedInInvestingActivities (408,792)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Payments of Dividends (25,039)us-gaap_PaymentsOfDividends (18,633)us-gaap_PaymentsOfDividends 0us-gaap_PaymentsOfDividends
Distributions to noncontrolling interests in operating subsidiary (867)us-gaap_PaymentsToMinorityShareholders 0us-gaap_PaymentsToMinorityShareholders (312)us-gaap_PaymentsToMinorityShareholders
Proceeds from the exercise of stock options 206us-gaap_ProceedsFromStockOptionsExercised 486us-gaap_ProceedsFromStockOptionsExercised 340us-gaap_ProceedsFromStockOptionsExercised
Repurchases of common stock 0us-gaap_PaymentsForRepurchaseOfCommonStock (7,926)us-gaap_PaymentsForRepurchaseOfCommonStock (26,732)us-gaap_PaymentsForRepurchaseOfCommonStock
Contributions from noncontrolling interests in operating subsidiary, net of issuance costs 0us-gaap_ProceedsFromMinorityShareholders 1,920us-gaap_ProceedsFromMinorityShareholders 5,793us-gaap_ProceedsFromMinorityShareholders
Excess tax benefits from stock-based compensation 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (1,398)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 13,210us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from sale of common stock, net of issuance costs 0us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock 218,961us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by (used in) financing activities (25,700)us-gaap_NetCashProvidedByUsedInFinancingActivities (25,551)us-gaap_NetCashProvidedByUsedInFinancingActivities 211,260us-gaap_NetCashProvidedByUsedInFinancingActivities
Increase in cash and cash equivalents 7,781us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (95,119)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (92,929)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning 126,685us-gaap_CashAndCashEquivalentsAtCarryingValue 221,804us-gaap_CashAndCashEquivalentsAtCarryingValue 314,733us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, ending 134,466us-gaap_CashAndCashEquivalentsAtCarryingValue 126,685us-gaap_CashAndCashEquivalentsAtCarryingValue 221,804us-gaap_CashAndCashEquivalentsAtCarryingValue
Patent acquisition costs included in accrued expenses $ 16,700actg_PatentAcquisitionCostsIncludedInAccruedExpenses $ 4,000actg_PatentAcquisitionCostsIncludedInAccruedExpenses $ 0actg_PatentAcquisitionCostsIncludedInAccruedExpenses