Financial Statements

Acacia Research Corporation (ACTG)

$5.33

+0.05 (+0.95%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Operating Cash Flow -22,506-37,33613,326-19,620-2,308
Net Income 63,147-110,939150,365113,444-17,129
Depreciation & Amortization 14,97313,51410,6884,8003,227
Deferred income taxes -3,657-17,810-167,528-136,88827
Stock-based compensation 3,2973,8202,0531,6621,075
Change in working capital -72,069-12,07917,638-5,47611,752
Other non-cash items -28,19786,1581102,838-1,260
Investing Cash Flow 16,178184,46435,75118,598-68,063
Investments in PPE -6,189-5,732-21,091-13,979-4,603
Acquisitions -9,409--33,25013,7804,420
Investment purchases -13,072-112,142-66,624-326,755-147,178
Sales/Maturities of investments 32,106273,934158,375359,74183,718
Other Investing Activites 12,74228,404-1,659-14,189-4,420
Financing Cash Flow 58,632-166,13759,738109,20933,921
Debt repayment -67,700-120,000-50,000-110,437-
Dividends payments -1,400-2,799-1,452-1,382-
Common Stock Repurchased --50,988-4,012-3,998-
Common Stock Issuance 128,3469,2502024,64833,842
Other Financing Activites -614-1,600115,000220,37879
Accounts receivables -70,313998-747532,373
Accounts payables -4,651-136760-2,546109
Inventory 3,301-5,2911,906--
Other working capital -406-7,65015,719-2,935-20,730
Cash at beginning of period 287,786309,361200,54692,359128,809
Cash at end of period 340,091287,786309,361200,54692,359
Capital Expenditure -6,189-5,732-21,091-13,979-4,603
Effect of forex changes on cash 1-2,566---
Net cash flow / Change in cash 52,305-21,575108,815108,187-36,450
Free Cash Flow -28,695-43,068-7,765-33,599-6,911

Acacia Research Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Acacia Research Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.