InterDigital Announces Financial Results for Third Quarter 2021


SUMMARY CONSOLIDATED STATEMENTS OF INCOME
(in thousands except per share data)
(unaudited)

  FOR THE THREE MONTHS ENDED SEPTEMBER 30,  FOR THE NINE MONTHS ENDED SEPTEMBER 30,
  2021  2020  2021  2020
REVENUES:       
Variable patent royalty revenue$8,346  $7,377  $22,765  $17,920 
Fixed-fee royalty revenue84,295  77,338  222,887  221,023 
Current patent royalties92,641  84,715  245,652  238,943 
Non-current patent royalties50,108  507  63,475  20,461 
Total patent royalties142,749  85,222  309,127  259,404 
Current technology solutions revenue747   2,271     4,467     8,797  
Total Revenue $ 143,496     $ 87,493     $ 313,594     $ 268,201  
               
OPERATING EXPENSES:              
Patent administration and licensing 56,150     40,364     133,694     119,167  
Development 22,546     20,845     66,999     61,755  
Selling, general and administrative 20,978     10,854     46,994     35,251  
Restructuring activities 7,045         20,290      
Total Operating expenses 106,719     72,063     267,977     216,173  
               
Income from operations 36,777     15,430     45,617     52,028  
               
INTEREST EXPENSE (5,773 )   (10,365 )   (19,429 )   (30,881 )
OTHER (EXPENSE) INCOME, NET (1,537 )   3,994     2,226     13,806  
Income before income taxes 29,467     9,059     28,414     34,953  
INCOME TAX (PROVISION) BENEFIT (4,253 )   12,843     (6,039 )   5,879  
NET INCOME $ 25,214     $ 21,902     $ 22,375     $ 40,832  
Net loss attributable to noncontrolling interest (1,014 )   (1,882 )   (11,042 )   (5,319 )
NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC. $ 26,228     $ 23,784     $ 33,417     $ 46,151  
NET INCOME PER COMMON SHARE — BASIC $ 0.85     $ 0.77     $ 1.09     $ 1.50  
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC 30,737     30,804     30,792     30,762  
NET INCOME PER COMMON SHARE — DILUTED $ 0.83     $ 0.76     $ 1.07     $ 1.49  
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED 31,431     31,119     31,272     31,029  
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.35     $ 0.35     $ 1.05     $ 1.05  



« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise