Adeia Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
ADEA$16.28+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $388,788 | $438,933 | $391,212 |
| Operating expenses: | |||
| Research and development | 54,264 | 44,579 | 39,608 |
| Selling, general and administrative | 95,226 | 135,630 | 129,214 |
| Amortization expense | 93,735 | 97,077 | 98,090 |
| Litigation expense | 9,333 | 8,587 | 5,272 |
| Total operating expenses | 252,558 | 285,873 | 272,184 |
| Operating income from continuing operations | 136,230 | 153,060 | 119,028 |
| Interest expense | (62,574) | (45,335) | (38,973) |
| Other income and expense, net | 6,320 | 2,047 | 768 |
| Loss on debt extinguishment | — | — | (8,012) |
| Income from continuing operations before income taxes | 79,976 | 109,772 | 72,811 |
| Provision for (benefit from) income taxes | 12,604 | (28,620) | 4,828 |
| Net income from continuing operations | 67,372 | 138,392 | 67,983 |
| Net loss from discontinued operations, net of tax | — | (436,978) | (126,896) |
| Net income (loss) | 67,372 | (298,586) | (58,913) |
| Less: Net loss attributable to non-controlling interest in discontinued operations | — | (2,706) | (3,456) |
| Net income (loss) attributable to the Company | $67,372 | $(295,880) | $(55,457) |
| Income (loss) per share: | |||
| Basic | |||
| Continuing operations | $0.63 | $1.33 | $0.65 |
| Discontinued operations | — | (4.16) | (1.18) |
| Net income (loss) | $0.63 | $(2.83) | $(0.53) |
| Diluted | |||
| Continuing operations | $0.60 | $1.29 | $0.63 |
| Discontinued operations | — | (4.04) | (1.15) |
| Net income (loss) | $0.60 | $(2.75) | $(0.52) |
| Weighted average number of shares used in per share calculations-basic | 106,554 | 104,336 | 104,735 |
| Weighted average number of shares used in per share calculations-diluted | 112,849 | 107,580 | 107,265 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.