InterDigital Reports Fourth Quarter And Full Year 2022 Financial Results

(a)        Other items in the above table includes $7.6 million of restructuring costs during the three months ended December 30, 2021 and restructuring costs of $3.3 million and $27.9 million during the twelve months ended December 30, 2022 and 2021, respectively. The twelve months ended December 30, 2021 also includes $2.0 million of additional non-recurring personnel-related costs expenses related to new employee agreements.

The table below presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP financial measure (in thousands):

   For the Three Months
Ended December 31,
  For the Twelve Months
Ended December 31,
    2022    2021    2022    2021 
Net cash provided by operating activities $356,508  $71,229  $286,039  $130,392 
Purchases of property and equipment  (2,284)  (634)  (3,156)  (2,511)
Capitalized patent costs  (9,330)  (5,271)  (39,597)  (33,416)
Free cash flow3  $ 344,894     $ 65,324     $ 243,286     $ 94,465  

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