In the summary consolidated cash flows and throughout this release, the company refers to free cash flow. The table below presents a reconciliation of this non-GAAP financial measure to net cash provided by (used in) operating activities, the most directly comparable GAAP financial measure.
|
FOR THE THREE
MONTHS ENDED MARCH 31, | |||||||
| 2020 | 2019 | ||||||
| Net cash provided by (used in) operating activities | $ | (26,885 | ) | $ | (30,781 | ) | |
| Purchases of property, equipment, & technology licenses | (1,603 | ) | (1,584 | ) | |||
| Capitalized patent costs | (6,256 | ) | (8,481 | ) | |||
| Free cash flow | $ | (34,744 | ) | $ | (40,846 | ) | |
RECONCILIATION OF ONGOING ECONOMIC COST METRIC TO
TOTAL OPERATING EXPENSES
Throughout this release, the company refers to ongoing economic cost. The table below presents a reconciliation of this non-GAAP financial measure to total operating expenses, the most directly comparable GAAP financial measure.
|
FOR THE THREE
MONTHS ENDED MARCH 31, | |||
| 2020 | |||
| Total operating expenses | $ | 71,529 | |
| Plus: Capitalized patent costs on internal patents | 6,300 | ||
| Less: Depreciation and amortization | (19,158 | ) | |
| Less: Intellectual property enforcement costs | (4,993 | ) | |
| Less: Revenue share | (441 | ) | |
| Less: Partner reimbursement | (300 | ) | |
| Economic Cost | $ | 52,937 | |
| Less: Transaction and integration related expenses | (700 | ) | |
| Ongoing Economic Cost | $ | 52,237 | |
| CONTACT: | InterDigital, Inc.: |
| Patrick Van de Wille | |
| Email Contact | |
| +1 (302) 300-1857 |
