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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests in subsidiaries $ 23,528 $ (189)
Adjustments to reconcile net income (loss) including noncontrolling interests in subsidiaries to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 10,610 4,568
Accretion of asset retirement obligation 434 0
Compensation expense for share-based awards 922 858
(Gain) loss on foreign currency exchange (155) 18
Change in fair value of equity securities 4,777 26,701
Gain on sale of equity securities (1,605) (28,861)
Unrealized loss on derivatives 4,978 629
Deferred income taxes, net of acquired net deferred tax assets 3,323 (3,652)
Changes in assets and liabilities:    
Accounts receivable (68,814) 65,156
Inventories 1,220 1,041
Prepaid expenses and other assets 728 (10,752)
Accounts payable and accrued expenses 1,223 7,108
Royalties and contingent legal fees payable 21,249 (7,811)
Deferred revenue 7 25
Net cash provided by operating activities 2,425 54,839
Cash flows from investing activities:    
Purchases of equity securities (4,827) (15,544)
Sales of equity securities 6,726 57,854
Acquisition, net of cash acquired (Note 3) 1,230 0
Purchases of property and equipment and additions to oil and gas properties (2,090) (270)
Net cash provided by investing activities 1,039 42,040
Cash flows from financing activities:    
Borrowings on the Revolving credit facility 0 2,500
Paydown of Revolving Credit Facility (5,000) 0
Paydown of Term Loan 600 0
Taxes paid related to net share settlement of share-based awards (471) (674)
Net cash (used in) provided by financing activities (6,071) 1,826
Effect of exchange rates on cash and cash equivalents 691 (34)
(Decrease) increase in cash and cash equivalents (1,916) 98,671
Cash and cash equivalents, beginning 273,880 340,091
Cash and cash equivalents, ending 271,964 438,762
Noncash investing and financing activities:    
Patent acquisition of prepaid option 15,000 0
Accrued patent costs $ 0 $ (4,000)