Acacia Research Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	4.84	-36.06	67.06	-125.07	149.2	109.23
Depreciation & Amortization	46.4	34.56	14.73	13.51	10.69	4.8
Other Amortization	-	-	-	0.09	0.11	7.05
Loss (Gain) From Sale of Investments	-5.96	2.55	-20.49	138.38	-204.5	-200.03
Loss (Gain) on Equity Investments	-	-	-4.17	-42.53	-3.53	-
Stock-Based Compensation	6.02	4.8	3.3	3.82	2.05	1.66
Other Operating Activities	6.83	-3.71	-10.86	-13.46	57.41	63.14
Change in Accounts Receivable	-0.77	69.23	-70.31	1	-0.75	0.01
Change in Inventory	3.35	1.05	3.3	-5.29	1.91	-
Change in Accounts Payable	-10.8	-8.12	-4.65	-0.14	0.76	-2.55
Change in Unearned Revenue	0.39	0.5	-0.34	0.1	-0.25	-
Change in Other Net Operating Assets	-8.46	-14.67	-0.07	-7.75	0.22	-2.94
Operating Cash Flow	41.83	50.12	-22.51	-37.34	13.33	-19.62
Operating Cash Flow Growth	-36.47%	-	-	-	-	-
Capital Expenditures	-13.65	-148.67	-0.19	-0.73	-0.09	-0.2
Cash Acquisitions	-86.45	-87.68	-9.41	-	-33.25	-
Sale (Purchase) of Intangibles	-	-14	-6	-5	-21	-13.78
Investment in Securities	-7.13	37.38	21.81	190.2	94.11	32.99
Other Investing Activities	-	-	9.97	-	-4.02	-0.41
Investing Cash Flow	-110.6	-212.96	16.18	184.46	35.75	18.6
Short-Term Debt Issued	-	-	-	-	115	110.44
Long-Term Debt Issued	-	133.5	-	-	-	-
Total Debt Issued	66.02	133.5	-	-	115	110.44
Short-Term Debt Repaid	-	-	-60	-120	-50	-
Long-Term Debt Repaid	-	-30.04	-7.7	-	-	-
Total Debt Repaid	-42.14	-30.04	-67.7	-120	-50	-
Net Debt Issued (Repaid)	23.89	103.46	-67.7	-120	65	110.44
Issuance of Common Stock	0.03	0.22	128.35	9.25	0.2	0.05
Repurchase of Common Stock	-13.68	-21.38	-0.61	-52.59	-4.01	-4
Preferred Dividends Paid	-	-	-1.4	-2.8	-1.45	-1.38
Dividends Paid	-	-	-1.4	-2.8	-1.45	-1.38
Other Financing Activities	-	15.25	-	-	-	4.1
Financing Cash Flow	10.24	97.56	58.63	-166.14	59.74	109.21
Foreign Exchange Rate Adjustments	0.26	-0.93	0	-2.57	-	-
Net Cash Flow	-58.27	-66.21	52.31	-21.58	108.82	108.19
Free Cash Flow	28.18	-98.55	-22.7	-38.07	13.24	-19.82
Free Cash Flow Margin	9.92%	-80.57%	-18.14%	-64.28%	15.03%	-66.55%
Free Cash Flow Per Share	0.29	-0.99	-0.25	-0.90	0.13	-0.34
Cash Interest Paid	5.06	5.06	2.51	7.23	7.34	1.26
Cash Income Tax Paid	1.05	1.05	0.83	0.38	0.03	-3.48
Levered Free Cash Flow	29.57	-100.15	-48.3	-26.82	-11.53	-24.63
Unlevered Free Cash Flow	35.42	-96.13	-47.02	-22.89	-6.69	-25.35
Change in Working Capital	-16.29	47.99	-72.07	-12.08	1.9	-5.48

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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