2012 Q3 Form 10-Q Financial Statement

#000093454912000024 Filed on November 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q4 2011 Q3
Revenue $34.94M $20.80M $50.59M
YoY Change -30.93% 58.74% -20.9%
Cost Of Revenue $5.030M $6.460M $15.59M
YoY Change -67.74% 61.5% 7.44%
Gross Profit $29.91M $14.34M $34.99M
YoY Change -14.52% 57.41% -29.23%
Gross Profit Margin 85.61% 68.96% 69.17%
Selling, General & Admin $20.75M $14.21M $21.08M
YoY Change -1.57% 65.42% 30.69%
% of Gross Profit 69.37% 99.09% 60.25%
Research & Development $1.140M $1.450M $850.0K
YoY Change 34.12% 72.62% 84.78%
% of Gross Profit 3.81% 10.11% 2.43%
Depreciation & Amortization $10.40M $1.500M $2.000M
YoY Change 420.0% 7.14% 0.0%
% of Gross Profit 34.77% 10.46% 5.72%
Operating Expenses $32.30M $17.07M $19.09M
YoY Change 69.2% 58.06% 2.97%
Operating Profit -$8.364M -$4.949M $12.41M
YoY Change -167.4% 192.84% -55.73%
Interest Expense -$40.00K $30.00K
YoY Change -233.33%
% of Operating Profit 0.24%
Other Income/Expense, Net -$41.00K $20.00K
YoY Change -60.0%
Pretax Income -$8.405M -$4.931M $12.44M
YoY Change -167.59% 7.66% -55.71%
Income Tax -$1.938M -$635.0K $1.889M
% Of Pretax Income 15.19%
Net Earnings -$6.619M -$4.189M $10.80M
YoY Change -161.27% -20.51% -56.22%
Net Earnings / Revenue -18.94% -20.14% 21.36%
Basic Earnings Per Share -$0.14 -$0.10 $0.26
Diluted Earnings Per Share -$0.14 -$0.10 $0.25
COMMON SHARES
Basic Shares Outstanding 48.33M shares 41.42M shares 41.29M shares
Diluted Shares Outstanding 48.33M shares 41.42M shares 42.86M shares

Balance Sheet

Concept 2012 Q3 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $410.8M $321.3M $317.2M
YoY Change 29.51% 213.46% 280.34%
Cash & Equivalents $264.2M $314.7M $310.7M
Short-Term Investments $146.6M $6.600M $6.500M
Other Short-Term Assets $3.000M $800.0K $900.0K
YoY Change 233.33% -52.94% -50.0%
Inventory
Prepaid Expenses
Receivables $16.64M $2.915M $32.56M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $430.5M $325.0M $350.7M
YoY Change 22.76% 189.75% 182.34%
LONG-TERM ASSETS
Property, Plant & Equipment $317.0K $220.0K $232.0K
YoY Change 36.64% 62.96% 132.0%
Goodwill $36.22M $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $2.000M $2.000M
YoY Change -100.0% 0.0% -9.09%
Other Assets $417.0K $465.0K $467.0K
YoY Change -10.71% -29.97% -6.6%
Total Long-Term Assets $263.3M $27.83M $17.32M
YoY Change 1420.02% 23.12% -3.78%
TOTAL ASSETS
Total Short-Term Assets $430.5M $325.0M $350.7M
Total Long-Term Assets $263.3M $27.83M $17.32M
Total Assets $693.7M $352.9M $368.0M
YoY Change 88.53% 161.81% 158.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.40M $354.0K $7.200M
YoY Change 127.78% -95.01% -14.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $37.87M $30.13M $44.25M
YoY Change -14.43% 51.73% 33.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $659.0K $632.0K $608.0K
YoY Change 8.39% -41.04% 102.67%
Total Long-Term Liabilities $659.0K $632.0K $608.0K
YoY Change 8.39% -41.04% 102.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.87M $30.13M $44.25M
Total Long-Term Liabilities $659.0K $632.0K $608.0K
Total Liabilities $72.14M $30.77M $44.86M
YoY Change 60.82% 46.98% 20.91%
SHAREHOLDERS EQUITY
Retained Earnings -$15.46M -$65.09M -$59.19M
YoY Change -73.89% -24.49%
Common Stock $50.00K $43.00K $43.00K
YoY Change 16.28% 19.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $616.0M $319.9M $321.5M
YoY Change
Total Liabilities & Shareholders Equity $693.7M $352.9M $368.0M
YoY Change 88.53% 161.81% 158.78%

Cashflow Statement

Concept 2012 Q3 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income -$6.619M -$4.189M $10.80M
YoY Change -161.27% -20.51% -56.22%
Depreciation, Depletion And Amortization $10.40M $1.500M $2.000M
YoY Change 420.0% 7.14% 0.0%
Cash From Operating Activities $6.800M $16.50M $19.00M
YoY Change -64.21% 13.01% 34.75%
INVESTING ACTIVITIES
Capital Expenditures -$24.60M -$11.90M -$1.100M
YoY Change 2136.36% 128.85% 37.5%
Acquisitions
YoY Change
Other Investing Activities -$13.50M $0.00 -$8.400M
YoY Change 60.71% -100.0%
Cash From Investing Activities -$38.10M -$11.90M -$9.400M
YoY Change 305.32% 138.0% 1075.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.500M -500.0K 1.800M
YoY Change -183.33% -105.26% -30.77%
NET CHANGE
Cash From Operating Activities 6.800M 16.50M 19.00M
Cash From Investing Activities -38.10M -11.90M -9.400M
Cash From Financing Activities -1.500M -500.0K 1.800M
Net Change In Cash -32.80M 4.100M 11.40M
YoY Change -387.72% -78.53% -28.3%
FREE CASH FLOW
Cash From Operating Activities $6.800M $16.50M $19.00M
Capital Expenditures -$24.60M -$11.90M -$1.100M
Free Cash Flow $31.40M $28.40M $20.10M
YoY Change 56.22% 43.43% 34.9%

Facts In Submission

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BusinessAcquisitionProFormaOperatingCostsAndExpenses
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BusinessAcquisitionProFormaOperatingCostsAndExpenses
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BusinessAcquisitionProFormaProvisionForIncomeTaxes
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actg Business Acquisition Pro Forma Weighted Average Number Of Shares Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfSharesDiluted
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0.40
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0 USD
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323000 USD
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24290000 USD
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CY2011Q3 actg Interest And Investment Income
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actg Interest And Investment Income
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CY2012Q3 actg Interest And Investment Income
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actg Litigation And Licensing Expenses Patents
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CY2012Q3 actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
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actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
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CY2011Q4 actg Operating Loss Carryforwards Federal
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25188000 USD
actg Research Consulting And Other Expenses Business Development
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CY2011Q3 actg Research Consulting And Other Expenses Business Development
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2893000 USD
CY2012Q3 actg Royalties And Contingent Legal Fees Payable
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CY2011Q3 actg Us Federal Statutory Rate
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CY2012Q3 actg Verdict Insurance Proceeds
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0 USD
CY2011Q3 actg Verdict Insurance Proceeds
VerdictInsuranceProceeds
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actg Verdict Insurance Proceeds
VerdictInsuranceProceeds
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actg Verdict Insurance Proceeds
VerdictInsuranceProceeds
12451000 USD
CY2012Q3 actg Verdict Insurance Proceeds Related Costs
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actg Verdict Insurance Proceeds Related Costs
VerdictInsuranceProceedsRelatedCosts
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actg Verdict Insurance Proceeds Related Costs
VerdictInsuranceProceedsRelatedCosts
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CY2011Q3 actg Verdict Insurance Proceeds Related Costs
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dei Document Period End Date
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2012-09-30
dei Document Type
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dei Entity Central Index Key
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CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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dei Entity Filer Category
EntityFilerCategory
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dei Entity Registrant Name
EntityRegistrantName
ACACIA RESEARCH CORP

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