Adeia Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
ADEA$16.25-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $64,623 | $67,372 | $(298,586) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | |||
| Depreciation of property and equipment | 2,058 | 1,539 | 17,144 |
| Amortization of intangible assets | 70,721 | 93,735 | 143,243 |
| Goodwill impairment | — | — | 354,000 |
| Stock-based compensation expense | 26,641 | 18,057 | 52,626 |
| Deferred income tax | (7,141) | 11,392 | (40,301) |
| Loss on debt extinguishment | 453 | — | — |
| Amortization of debt issuance costs | 3,475 | 4,302 | 4,405 |
| Other | (1,573) | (252) | 744 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 6,256 | 18,268 | 24,892 |
| Unbilled contracts receivable | (18,052) | (34,303) | (86,673) |
| Other assets | 7,414 | (4,502) | (3,243) |
| Accounts payable | (372) | (894) | 18,601 |
| Accrued and other liabilities | 3,684 | (14,604) | (3,614) |
| Deferred revenue | 54,274 | (7,355) | (215) |
| Net cash from operating activities | 212,461 | 152,755 | 183,023 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (1,821) | (3,812) | (12,576) |
| Proceeds from sale of property and equipment | — | — | 86 |
| Purchases of intangible assets | (20,476) | (2,531) | (290) |
| Net cash paid for mergers and acquisitions | — | — | (50,473) |
| Purchases of short-term investments | (33,175) | (42,845) | (4,490) |
| Proceeds from sales of short-term investments | — | — | 28,254 |
| Proceeds from maturities of short-term investments | 31,450 | 14,700 | 36,576 |
| Net cash from investing activities | (24,022) | (34,488) | (2,913) |
| Cash flows from financing activities: | |||
| Principal payments on debt agreements | (114,167) | (148,000) | (40,500) |
| Payments of dividends | (21,767) | (21,339) | (20,888) |
| Distribution of Xperi Inc. | — | — | (182,928) |
| Proceeds from employee stock purchase program and exercise of stock options | 3,247 | 2,351 | 14,260 |
| Repurchases of common stock for tax withholdings on equity awards | (12,781) | (11,274) | (15,941) |
| Repurchases of common stock | (18,706) | — | (17,260) |
| Net cash from financing activities | (164,174) | (178,262) | (263,257) |
| Effect of exchange rate changes on cash and cash equivalents | — | — | (3,419) |
| Net increase (decrease) in cash and cash equivalents | 24,265 | (59,995) | (86,566) |
| Cash and cash equivalents at beginning of period | 54,560 | 114,555 | 201,121 |
| Cash and cash equivalents at end of period | $78,825 | $54,560 | $114,555 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | $46,771 | $57,760 | $40,505 |
| Income taxes paid, net of refunds | $12,494 | $10,318 | $24,782 |
| Unpaid purchases of property and equipment at the end of the period | $15 | $471 | $— |
| Unpaid purchases of intangible assets at the end of the period | $750 | $1,500 | $— |
| Non-cash acquisition of intangible assets | $5,000 | $4,400 | $— |
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