Accounting Standards Update |
| | | | | | | | | | | | | | | | | | | As of and for the Year Ended December 31, 2020 | | As Previously Reported | | Adjustments | | As Adjusted | | (In thousands, except per share data) | Balance Sheet: | | | | | | Other non-current assets (excluding property, plant and equipment) | $ | 4,718 | | | $ | (4,213) | | | $ | 505 | | Total assets | 515,520 | | | (4,213) | | | 511,307 | | Accumulated deficit | (326,708) | | | (4,213) | | | (330,921) | | Total stockholders' equity | 292,529 | | | (4,213) | | | 288,316 | | | | | | | | Statement of Operations: | | | | | | Interest expense on Senior Secured Notes | $ | (5,923) | | | $ | (4,213) | | | $ | (10,136) | | Total other income | 131,803 | | | (4,213) | | | 127,590 | | Net income attributable to Acacia Research Corporation | 113,444 | | | (4,213) | | | 109,231 | | Income per share: | | | | | | Basic net income per common share | $ | 1.85 | | | $ | (0.07) | | | $ | 1.78 | | Diluted net income per common share | $ | 1.54 | | | $ | (0.06) | | | $ | 1.48 | | | | | | | | Statement of Cash Flows: | | | | | | Net income including noncontrolling interests in subsidiaries | $ | 113,444 | | | $ | (4,213) | | | $ | 109,231 | | Amortization of debt discount and issuance costs | 2,838 | | | 4,213 | | | 7,051 | | Net cash used in operating activities | (19,620) | | | — | | | (19,620) | |
| | | | | | | | | | | | | | | | | | | As of and for the Three Months Ended March 31, 2021 | | As Previously Reported | | Adjustments | | As Adjusted | | (Unaudited and in thousands, except per share data) | Balance Sheet: | | | | | | Other non-current assets | $ | 4,834 | | | $ | (4,060) | | | $ | 774 | | Total assets | 568,958 | | | (4,060) | | | 564,898 | | Accumulated deficit | (491,326) | | | (4,060) | | | (495,386) | | Total stockholders' equity | 128,148 | | | (4,060) | | | 124,088 | | | | | | | | Statement of Operations: | | | | | | Interest expense on Senior Secured Notes | $ | (1,310) | | | $ | 153 | | | $ | (1,157) | | Total other expense | (158,032) | | | 153 | | | (157,879) | | Net loss attributable to Acacia Research Corporation | (164,618) | | | 153 | | | (164,465) | | Loss per share: | | | | | | Basic and diluted net loss per common share | $ | (2.81) | | | $ | — | | | $ | (2.81) | | | | | | | | Statement of Cash Flows: | | | | | | Net loss including noncontrolling interests in subsidiaries | $ | (163,718) | | | $ | 153 | | | $ | (163,565) | | Amortization of debt discount and issuance costs | 702 | | | (153) | | | 549 | | Net cash used in operating activities | (6,120) | | | — | | | (6,120) | |
| | | | | | | | | | | | | | | | | | | As of and for the Six Months Ended June 30, 2021 | | As Previously Reported | | Adjustments | | As Adjusted | | (Unaudited and in thousands, except per share data) | Balance Sheet: | | | | | | Other non-current assets | $ | 4,653 | | | $ | (3,907) | | | $ | 746 | | Total assets | 627,732 | | | (3,907) | | | 623,825 | | Accumulated deficit | (471,819) | | | (3,907) | | | (475,726) | | Total stockholders' equity | 147,103 | | | (3,907) | | | 143,196 | | | | | | | | Statement of Operations: | | | | | | Interest expense on Senior Secured Notes | $ | (3,070) | | | $ | 306 | | | $ | (2,764) | | Total other expense | (139,653) | | | 306 | | | (139,347) | | Net loss attributable to Acacia Research Corporation | (145,111) | | | 306 | | | (144,805) | | Loss per share: | | | | | | Basic and diluted net loss per common share | $ | (3.03) | | | $ | 0.01 | | | $ | (3.02) | | | | | | | | Statement of Cash Flows: | | | | | | Net loss including noncontrolling interests in subsidiaries | $ | (144,205) | | | $ | 306 | | | $ | (143,899) | | Amortization of debt discount and issuance costs | 128 | | | (306) | | | (178) | | Net cash used in operating activities | (6,197) | | | — | | | (6,197) | |
| | | | | | | | | | | | | | | | | | | As of and for the Nine Months Ended September 30, 2021 | | As Previously Reported | | Adjustments | | As Adjusted | | (Unaudited and in thousands, except per share data) | Balance Sheet: | | | | | | Other non-current assets | $ | 4,482 | | | $ | (3,754) | | | $ | 728 | | Total assets | 749,834 | | | (3,754) | | | 746,080 | | Accumulated deficit | (382,215) | | | (3,754) | | | (385,969) | | Total stockholders' equity | 235,862 | | | (3,754) | | | 232,108 | | | | | | | | Statement of Operations: | | | | | | Interest expense on Senior Secured Notes | $ | (5,601) | | | $ | 459 | | | $ | (5,142) | | Total other expense | (37,316) | | | 459 | | | (36,857) | | Net loss attributable to Acacia Research Corporation | (55,507) | | | 459 | | | (55,048) | | Loss per share: | | | | | | Basic and diluted net loss per common share | $ | (1.21) | | | $ | 0.01 | | | $ | (1.20) | | | | | | | | Statement of Cash Flows: | | | | | | Net loss including noncontrolling interests in subsidiaries | $ | (54,601) | | | $ | 459 | | | $ | (54,142) | | Amortization of debt discount and issuance costs | 460 | | | (459) | | | 1 | | Net cash used in operating activities | (7,602) | | | — | | | (7,602) | |
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