|
SUMMARY CASH FLOW |
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| For the Periods Ended June 30 | ||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||
| (unaudited) | ||||||||||||||||
|
For the Three Months Ended June 30, |
For the Six Months
Ended June 30, |
|||||||||||||||
| 2008 | 2007 | 2008 | 2007 | |||||||||||||
| Net Income (Loss) before income taxes | $ | 9,070 | $ | (6,607 | ) | $ | 20,419 | $ | 20,215 | |||||||
| Taxes Paid | (14 | ) | (309 | ) | (15,689 | ) | (15,984 | ) | ||||||||
| Depreciation, amortization, shared based compensation and investment write down | 8,216 | 7,296 | 17,328 | 14,473 | ||||||||||||
| Increase in deferred revenue | 51,999 | 12,428 | 82,464 | 116,516 | ||||||||||||
| Deferred revenue recognized | (28,341 | ) | (27,078 | ) | (58,625 | ) | (58,185 | ) | ||||||||
| (Decrease) Increase in operating working capital, deferred charges and other | (10,516 | ) | 29,579 | 71,606 | 43,868 | |||||||||||
| Capital spending, technology & patent additions | (11,247 | ) | (17,788 | ) | (19,891 | ) | (30,066 | ) | ||||||||
| FREE CASH FLOW | 19,167 | (2,479 | ) | 97,612 | 90,837 | |||||||||||
| Long-term investment | (651 | ) | — | (651 | ) | (5,000 | ) | |||||||||
| Tax benefit from share-based compensation | 128 | 905 | 498 | 3,330 | ||||||||||||
| Debt decrease | (814 | ) | (92 | ) | (1,179 | ) | (184 | ) | ||||||||
| Repurchase of common stock | (20,475 | ) | (21,430 | ) | (36,580 | ) | (165,356 | ) | ||||||||
| Proceeds from exercise of stock options | 208 | 1,642 | 956 | 3,741 | ||||||||||||
| Unrealized (loss) gain on short term investments | (257 | ) | 268 | 73 | 299 | |||||||||||
| NET (DECREASE) INCREASE IN CASH AND SHORT-TERM INVESTMENTS |
$ |
(2,694 |
) |
|
$ |
(21,186 |
) |
|
$ |
60,729 |
|
|
$ |
(72,333 |
) |
|
|
InterDigital Announces Second Quarter 2008 Financial Results
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