InterDigital Announces Financial Results for Third Quarter 2019


CONDENSED CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
(unaudited)

  SEPTEMBER 30, 2019  DECEMBER 31, 2018
ASSETS   
Cash & short-term investments$947,623  $945,780 
Accounts receivable (net)23,355  35,032 
Other current assets51,545  43,438 
Property & equipment and patents (net)458,975  464,618 
Other long-term assets (net)146,804  137,690 
TOTAL ASSETS$1,628,302  $1,626,558 
    
LIABILITIES AND SHAREHOLDERS’ EQUITY   
Current portion of long-term debt$93,131  $— 
Accounts payable, accrued liabilities, taxes payable & dividends payable69,735  67,723 
Current deferred revenue171,433  111,672 
Long-term deferred revenue107,498  157,634 
Long-term debt & other long-term liabilities383,206  351,516 
TOTAL LIABILITIES825,003  688,545 
TOTAL INTERDIGITAL, INC. SHAREHOLDERS' EQUITY782,106  936,729 
Noncontrolling interest21,193  1,284 
TOTAL EQUITY803,299  938,013 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$1,628,302  $ 1,626,558  

Note: Certain revisions have been made to prior period amounts.

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