IDCC FY 2008 Earnings Report — InterDigital, Inc. Revenue & Financial Results | Market Cap Arena

InterDigital, Inc.IDCC

FY 2008 Earnings

Reported March 2, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$228M	—	$234M	—	-2.5%
Op. Income	$37M	—	$23M	—	58.5%
Gross Margin	72.2%	—	71.1%	—	1.1pp
Net Margin	11.5%	—	8.5%	—	2.9pp
EPS (Diluted)	$0.57	—	$0.40	—	42.5%
Free Cash Flow	$45M	—	$91M	—	-50.4%

Revenue Flow

Item	Amount
REVENUE	$228M
Cost of Revenue	$63M
GROSS PROFIT	$165M
R&D Expenses	$99M
Selling & Marketing	$9M
General & Administrative	$27M
SG&A Expenses	$33M
Other Expenses	-$4M
Operating Expenses	$128M
Cost & Expenses	$192M
OPERATING INCOME	$37M
Interest Income	$5M
Interest Expense	$2M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$40M
Income Tax Expense	$14M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$29M
EBIT	$33M
EBITDA	$61M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$228M
Cost of Revenue	$63M
GROSS PROFIT	$165M
R&D Expenses	$99M
Selling & Marketing	$9M
General & Administrative	$27M
SG&A Expenses	$33M
Other Expenses	-$4M
Operating Expenses	$128M
Cost & Expenses	$192M
OPERATING INCOME	$37M
Interest Income	$5M
Interest Expense	$2M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$40M
Income Tax Expense	$14M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$29M
EBIT	$33M
EBITDA	$61M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$29M
Stock-Based Compensation	$5M
Deferred Income Tax	$2M
Other Non-Cash Items	-$43M
Change in Working Capital	$67M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$41M
Acquisitions (Net)	$35M
Purchases of Investments	-$127M
Sales/Maturities of Investments	$170M
Other Investing Activities	-$35M
NET CASH FROM INVESTING	$3M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$82M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$80M
FREE CASH FLOW	$45M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$42M
Net Receivables	$34M
Inventory	$0
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$241M
PP&E (Net)	$21M
Goodwill	$0
Intangible Assets	$126M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$165M
TOTAL ASSETS	$406M
Account Payables	$9M
Short-Term Debt	$2M
Deferred Revenue	$79M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$127M
Long-Term Debt	$1M
Deferred Revenue NC	$181M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$192M
TOTAL LIABILITIES	$318M
Common Stock	$659.0K
Additional Paid-In Capital	$471M
Retained Earnings	$160M
Treasury Stock	-$544M
Accum. Other Comp. Income	$245.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$88M
Minority Interest	$0
TOTAL EQUITY	$88M
TOTAL LIABILITIES & EQUITY	$406M
Total Debt	$3M
Net Debt	-$97M