Adeia Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $111,075 | $64,623 | $67,372 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation of property and equipment | 1,960 | 2,058 | 1,539 |
| Amortization of intangible assets | 56,621 | 70,721 | 93,735 |
| Stock-based compensation expense | 34,674 | 26,641 | 18,057 |
| Deferred income tax and other | 33,678 | (7,141) | 11,392 |
| Loss on debt extinguishment | — | 453 | — |
| Amortization of debt issuance costs | 3,353 | 3,475 | 4,302 |
| Other | (462) | (1,573) | (252) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 5,516 | 6,256 | 18,268 |
| Unbilled contracts receivable | (65,214) | (18,052) | (34,303) |
| Other assets | (5,505) | 7,414 | (4,502) |
| Accounts payable | (2,457) | (372) | (894) |
| Accrued and other liabilities | (776) | 3,684 | (14,604) |
| Deferred revenue | (14,377) | 54,274 | (7,355) |
| Net cash provided by operating activities | 158,086 | 212,461 | 152,755 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (1,806) | (1,821) | (3,812) |
| Purchases of intangible assets | (6,950) | (20,476) | (2,531) |
| Purchases of short-term investments | (57,301) | (33,175) | (42,845) |
| Proceeds from sales of investments | 1,496 | — | — |
| Proceeds from maturities of investments | 24,300 | 31,450 | 14,700 |
| Net cash used in investing activities | (40,261) | (24,022) | (34,488) |
| Cash flows from financing activities: | |||
| Payments of dividends | (21,770) | (21,767) | (21,339) |
| Principal payments on debt agreements | (60,356) | (114,167) | (148,000) |
| Proceeds from employee stock purchase program and exercise of stock options | 2,404 | 3,247 | 2,351 |
| Repurchases of common stock for tax withholdings on equity awards | (22,457) | (12,781) | (11,274) |
| Repurchases of common stock | (21,335) | (18,706) | — |
| Net cash used in financing activities | (123,514) | (164,174) | (178,262) |
| Net increase (decrease) in cash and cash equivalents | (5,689) | 24,265 | (59,995) |
| Cash and cash equivalents at beginning of period | 78,825 | 54,560 | 114,555 |
| Cash and cash equivalents at end of period | $73,136 | $78,825 | $54,560 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | $33,190 | $46,771 | $57,760 |
| Income taxes paid, net of refunds | $15,030 | $12,494 | $10,318 |
| Long-lived assets received in lieu of cash | $52,700 | $5,000 | $4,400 |
| Unpaid purchases of long-lived assets at the end of the period | $4 | $765 | $1,971 |
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