CONDENSED BALANCE SHEET
----------------------------------------------------------------------
(Dollars in thousands)
(unaudited)
September 30, December 31,
2007 2006
------------- ------------
Assets
--------------------------------------------
Cash & short-term investments $ 189,824 $ 263,966
Accounts receivable 124,398 131,852
Current deferred tax assets 35,135 43,520
Other current assets 17,453 14,464
Property & equipment and Patents (net) 106,282 87,178
Long-term deferred tax assets and non-
current assets 63,286 23,096
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TOTAL ASSETS $ 536,378 $ 564,076
============= ============
Liabilities and Shareholders' Equity
--------------------------------------------
Current portion of long-term debt $ 1,006 $ 369
Accounts payable & accrued liabilities 65,432 50,150
Current deferred revenue 80,470 70,709
Long-term deferred revenue 220,489 160,895
Long-term debt & long-term liabilities 14,430 6,477
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TOTAL LIABILITIES 381,827 288,600
SHAREHOLDERS' EQUITY 154,551 275,476
------------- ------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 536,378 $ 564,076
============= ============
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 Months For the Nine Months
Ended September 30, Ended September 30,
----------------------- ------------------------
2007 2006 2007 2006
----------- ----------- ----------- -----------
Net cash provided by
operating activities $ 12,712 $ 12,623 $ 133,616 $ 315,843
Purchases of property
and equipment (13,695) (2,845) (32,321) (7,329)
Patent additions (4,413) (4,081) (15,853) (14,053)
----------- ----------- ----------- -----------
Free cash flow $ (5,396) $ 5,697 $ 85,442 $ 294,461
=========== =========== =========== ===========
InterDigital is a registered trademark of InterDigital, Inc.
Contact:
InterDigital, Inc.
Media Contact:
Jack Indekeu,
+1 (610) 878-7800
Email:
Email Contact
or
Investor
Contact:
Janet Point,
+1 (610) 878-7800
Email:
Email Contact
