$ACTG
ACACIA RESEARCH CORP

2013 Q1 Form 10-Q Financial Statement

#000093454913000008 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $76.86M $99.04M
YoY Change -22.39% 62.02%
Cost Of Revenue $18.48M $7.590M
YoY Change 143.48% -42.02%
Gross Profit $58.38M $91.45M
YoY Change -36.16% 90.36%
Gross Profit Margin 75.96% 92.34%
Selling, General & Admin $28.88M $17.48M
YoY Change 65.22% -9.66%
% of Gross Profit 49.47% 19.11%
Research & Development $1.020M $1.120M
YoY Change -8.93% 57.75%
% of Gross Profit 1.75% 1.22%
Depreciation & Amortization $11.77M $5.158M
YoY Change 128.27% 35.95%
% of Gross Profit 20.17% 5.64%
Operating Expenses $41.64M $23.73M
YoY Change 75.47% -0.42%
Operating Profit $7.095M $64.34M
YoY Change -88.97% 211.22%
Interest Expense $1.290M $60.00K
YoY Change 2050.0%
% of Operating Profit 18.18% 0.09%
Other Income/Expense, Net $1.290M $56.00K
YoY Change 2203.57% 86.67%
Pretax Income $8.385M $64.40M
YoY Change -86.98% 211.05%
Income Tax $3.272M $14.75M
% Of Pretax Income 39.02% 22.9%
Net Earnings $5.113M $49.93M
YoY Change -89.76% 304.18%
Net Earnings / Revenue 6.65% 50.41%
Basic Earnings Per Share $0.10 $1.08
Diluted Earnings Per Share $0.10 $1.08
COMMON SHARES
Basic Shares Outstanding 47.86M shares 44.37M shares
Diluted Shares Outstanding 48.10M shares 44.76M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $327.4M $449.7M
YoY Change -27.2% 43.4%
Cash & Equivalents $193.2M $296.9M
Short-Term Investments $134.3M $134.2M
Other Short-Term Assets $5.100M $2.400M
YoY Change 112.5% 9.09%
Inventory
Prepaid Expenses
Receivables $45.35M $1.280M
Other Receivables $0.00 $0.00
Total Short-Term Assets $377.9M $453.4M
YoY Change -16.65% 43.03%
LONG-TERM ASSETS
Property, Plant & Equipment $536.0K $212.0K
YoY Change 152.83% 6.0%
Goodwill $30.15M $36.20M
YoY Change -16.72%
Intangibles
YoY Change
Long-Term Investments $2.000M
YoY Change 0.0%
Other Assets $138.0K $465.0K
YoY Change -70.32% -7.0%
Total Long-Term Assets $336.6M $210.1M
YoY Change 60.23% 940.08%
TOTAL ASSETS
Total Short-Term Assets $377.9M $453.4M
Total Long-Term Assets $336.6M $210.1M
Total Assets $714.5M $663.5M
YoY Change 7.69% 96.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.10M $8.400M
YoY Change 103.57% -8.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.86M $22.50M
YoY Change 139.37% -27.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $494.0K $642.0K
YoY Change -23.05% 7.0%
Total Long-Term Liabilities $494.0K $642.0K
YoY Change -23.05% 7.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.86M $22.50M
Total Long-Term Liabilities $494.0K $642.0K
Total Liabilities $82.19M $55.51M
YoY Change 48.07% 55.48%
SHAREHOLDERS EQUITY
Retained Earnings -$519.0K -$15.16M
YoY Change -96.58%
Common Stock $49.00K $50.00K
YoY Change -2.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $26.73M
YoY Change
Treasury Stock Shares 1.129M shares
Shareholders Equity $623.4M $604.2M
YoY Change
Total Liabilities & Shareholders Equity $714.5M $663.5M
YoY Change 7.69% 96.76%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $5.113M $49.93M
YoY Change -89.76% 304.18%
Depreciation, Depletion And Amortization $11.77M $5.158M
YoY Change 128.27% 35.95%
Cash From Operating Activities $16.83M $48.95M
YoY Change -65.63% 34.29%
INVESTING ACTIVITIES
Capital Expenditures $241.0K $24.00K
YoY Change 904.17% -59.32%
Acquisitions $0.00 $150.0M
YoY Change -100.0%
Other Investing Activities -$44.00M -$274.8M
YoY Change -83.99%
Cash From Investing Activities -$48.21M -$276.9M
YoY Change -82.59% 39230.4%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $219.0M
YoY Change -100.0% 24.92%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.746M $228.7M
YoY Change -98.8% 30.43%
NET CHANGE
Cash From Operating Activities $16.83M $48.95M
Cash From Investing Activities -$48.21M -$276.9M
Cash From Financing Activities $2.746M $228.7M
Net Change In Cash -$28.64M $765.0K
YoY Change -3844.18% -99.64%
FREE CASH FLOW
Cash From Operating Activities $16.83M $48.95M
Capital Expenditures $241.0K $24.00K
Free Cash Flow $16.58M $48.93M
YoY Change -66.11% 34.44%

Facts In Submission

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CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1129408 shares
CY2013Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1129408 shares
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1129408 shares
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
26731000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
26731000 USD
CY2013Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Acacia believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, stock-based compensation expense, impairment of marketable securities and intangible assets, the determination of the economic useful life of amortizable intangible assets, income taxes and valuation allowances against net deferred tax assets and the application of the acquisition method of accounting for business combinations, require its most difficult, subjective or complex judgments.</font></div></div>
CY2013Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2012Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10237000 USD
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45771228 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48354444 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44367499 shares
CY2012Q1 actg Accelerated Amortization Expense Up Front Payments
AcceleratedAmortizationExpenseUpFrontPayments
442000 USD
CY2013Q1 actg Accelerated Amortization Expense Up Front Payments
AcceleratedAmortizationExpenseUpFrontPayments
483000 USD
CY2013Q1 actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
9648000 USD
CY2012Q1 actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
3381000 USD
CY2013Q1 actg Number Of Patent Portfolios
NumberOfPatentPortfolios
268 patent_portfolios
CY2013Q1 actg Partners Capital Authorized
PartnersCapitalAuthorized
250000000 USD
CY2013Q1 actg Patents Accumulated Amortization
PatentsAccumulatedAmortization
81580000 USD
CY2012Q1 actg Contingent Legal Fees
ContingentLegalFees
3748000 USD
CY2013Q1 actg Contingent Legal Fees
ContingentLegalFees
15032000 USD
CY2013Q1 actg Estimated Effective Income Tax Rate
EstimatedEffectiveIncomeTaxRate
0.39
CY2012Q1 actg Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
225000000 USD
CY2013Q1 actg Income Tax Included In Unrealized Gain On Short Term Investments
IncomeTaxIncludedInUnrealizedGainOnShortTermInvestments
0 USD
CY2012Q1 actg Income Tax Included In Unrealized Gain On Short Term Investments
IncomeTaxIncludedInUnrealizedGainOnShortTermInvestments
396000 USD
CY2012Q1 actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
-9413000 USD
CY2013Q1 actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
24228000 USD
CY2012Q4 actg Patents Accumulated Amortization
PatentsAccumulatedAmortization
69850000 USD
CY2013Q1 actg Patents Net Of Accumulated Amortization
PatentsNetOfAccumulatedAmortization
305809000 USD
CY2012Q4 actg Patents Net Of Accumulated Amortization
PatentsNetOfAccumulatedAmortization
313529000 USD
CY2012Q1 actg Research Consulting And Other Expenses Business Development
ResearchConsultingAndOtherExpensesBusinessDevelopment
1116000 USD
CY2013Q1 actg Research Consulting And Other Expenses Business Development
ResearchConsultingAndOtherExpensesBusinessDevelopment
1024000 USD
CY2012Q4 actg Royalties And Contingent Legal Fees Payable
RoyaltiesAndContingentLegalFeesPayable
12508000 USD
CY2013Q1 actg Royalties And Contingent Legal Fees Payable
RoyaltiesAndContingentLegalFeesPayable
36736000 USD
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000934549
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49194742 shares
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
ACACIA RESEARCH CORP

Files In Submission

Name View Source Status
0000934549-13-000008-index-headers.html Edgar Link pending
0000934549-13-000008-index.html Edgar Link pending
0000934549-13-000008.txt Edgar Link pending
0000934549-13-000008-xbrl.zip Edgar Link pending
acacialogonoelipsesa01a01a01.jpg Edgar Link pending
actg-20130331.xml Edgar Link completed
actg-20130331.xsd Edgar Link pending
actg-20130331_cal.xml Edgar Link unprocessable
actg-20130331_def.xml Edgar Link unprocessable
actg-20130331_lab.xml Edgar Link unprocessable
actg-20130331_pre.xml Edgar Link unprocessable
actg10q03312013.htm Edgar Link pending
ex31103312013.htm Edgar Link pending
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