The company's short-term investments are comprised of high quality credit instruments including U.S. Government agency instruments and corporate bonds. Management views these instruments to be near equivalents to cash and believes that investors may share this viewpoint.
This release includes a summary cash flow statement that results in the change in both the company's cash and short-term investment balances. One of the subtotals in the summary cash flow statement is free cash flow. The table below presents a reconciliation of this non-GAAP line item to net cash provided by operating activities.
For the Three For the Twelve
Months Ended Months Ended
December 31, December 31,
------------------- -------------------
2006 2005 2006 2005
------------------- -------------------
Net cash provided by operating
activities $(1,031) $(3,959) $314,811 $33,674
Purchases of property,
equipment, & technology
licenses (6,523) (1,366) (13,852) (5,372)
Patent additions (4,812) (4,411) (18,865) (16,954)
Unrealized (loss) gain on short
term investments (4) 31 90 (18)
--------- --------- --------- ---------
Free cash flow $(12,370) $(9,705) $282,184 $11,330
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InterDigital is a registered trademark of InterDigital Communications Corporation.
Contact:
InterDigital Communications Corporation
Media Contact:
Jack
Indekeu, 610-878-7800
Email Contact
or
Investor
Contact:
Janet Point, 610-878-7800
Email Contact
