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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Total revenues $ 88,047 $ 29,782
Costs and expenses:    
Engineering and development expenses - industrial operations 200 0
Sales and marketing expenses - industrial operations 1,538 0
General and administrative expenses 35,666 24,476
Total costs and expenses 73,502 49,300
Operating income (loss) 14,545 (19,518)
Equity securities investments:    
Change in fair value of equity securities 87,527 176,173
Gain on sale of equity securities 116,129 7,352
Earnings on equity investment in joint venture 3,530 0
Net realized and unrealized gain 207,186 183,525
Gain on sale of prepaid investment and derivative 0 2,845
Change in fair value of investment (2,752) 5,474
Gain on sale of investment 3,591 8,187
Change in fair value of the Series A and B warrants and embedded derivatives (40,408) (58,238)
Loss on foreign currency exchange (89) (4,905)
Interest expense on Senior Secured Notes (7,922) (10,136)
Interest income and other 501 838
Total other income 160,107 127,590
Income before income taxes 174,652 108,072
Income tax (expense) benefit (24,287) 1,159
Net income including noncontrolling interests in subsidiaries 150,365 109,231
Net income attributable to noncontrolling interests in subsidiaries (1,168) 0
Net income attributable to Acacia Research Corporation 149,197 109,231
Income per share:    
Net income attributable to common stockholders - Basic $ 118,804 $ 86,846
Weighted average number of shares outstanding - Basic 48,797,290 48,840,829
Basic net income per common share (in usd per share) $ 2.43 $ 1.78
Net income attributable to common stockholders - Diluted $ 188,224 $ 84,894
Weighted average number of shares outstanding - Diluted 98,470,870 57,435,128
Diluted net income per common share (in usd per share) $ 1.91 $ 1.48
Intellectual property operations    
Revenues:    
Total revenues $ 76,043 $ 29,782
Costs and expenses:    
Cost of revenues - intellectual property operations 28,691 24,824
Industrial operations    
Revenues:    
Total revenues 12,004 0
Costs and expenses:    
Cost of revenues - intellectual property operations $ 7,407 $ 0