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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 386,988 $ 340,091
Equity securities 18,174 63,068
Equity securities without readily determinable fair value 5,816 5,816
Equity method investments 30,934 30,934
Accounts receivable, net 18,772 80,555
Inventories 12,289 10,921
Prepaid expenses and other current assets 20,961 23,127
Total current assets 493,934 554,512
Property, plant and equipment, net 2,315 2,356
Oil and natural gas properties, net 192,587 25,117
Goodwill 8,990 8,990
Other intangible assets, net 36,017 33,556
Operating lease, right-of-use assets 1,639 1,872
Deferred income tax assets, net 13,854 2,915
Other non-current assets 4,257 4,227
Total assets 753,593 633,545
Current liabilities:    
Accounts payable 3,191 3,261
Accrued expenses and other current liabilities 15,207 8,405
Accrued compensation 3,983 4,207
Asset retirement obligation 1,543 0
Royalties and contingent legal fees payable 4,869 10,786
Deferred revenue 911 977
Accrued loss contingency 14,500 0
Total current liabilities 44,204 27,636
Asset retirement obligation 27,718 0
Long-term lease liabilities 1,447 1,736
Revolving credit facility 82,000 10,525
Other long-term liabilities 1,479 4,039
Total liabilities 156,848 43,936
Commitments and contingencies
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 300,000,000 shares authorized; 100,375,459 and 99,895,473 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 100 100
Treasury stock, at cost, 16,183,703 shares as of June 30, 2024 and December 31, 2023 (98,258) (98,258)
Additional paid-in capital 907,215 906,153
Accumulated deficit (248,361) (239,729)
Total Acacia Research Corporation stockholders' equity 560,696 568,266
Noncontrolling interests 36,049 21,343
Total stockholders' equity 596,745 589,609
Total liabilities and stockholders' equity $ 753,593 $ 633,545