InterDigital Files 2024 10-K
Ticker: IDCC · Form: 10-K · Filed: Feb 6, 2025 · CIK: 1405495
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
IDCC filed its 2024 10-K. All the deets on revenue, patents, and financials are in there.
AI Summary
InterDigital, Inc. filed its 2024 10-K on February 6, 2025, reporting its fiscal year ending December 31, 2024. The company, a patent owner and lessor, is headquartered in Wilmington, DE. Key financial data and business segments are detailed within the filing, which provides a comprehensive overview of its operations and financial performance for the fiscal year.
Why It Matters
This filing provides investors and analysts with the official financial performance and operational details of InterDigital for the fiscal year 2024, crucial for evaluating the company's health and future prospects.
Risk Assessment
Risk Level: low — This is a standard annual financial filing (10-K) and does not inherently present new risks beyond those typically associated with publicly traded companies.
Key Numbers
- 2024-12-31 — Fiscal Year End (The end date of the reporting period.)
- 2025-02-06 — Filing Date (The date the 10-K was submitted to the SEC.)
Key Players & Entities
- InterDigital, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end date
- 2025-02-06 (date) — Filing date
- Wilmington, DE (location) — Company headquarters location
FAQ
What is InterDigital's primary business as indicated by its SIC code?
InterDigital, Inc.'s Standard Industrial Classification (SIC) code is 6794, which corresponds to 'PATENT OWNERS & LESSORS'.
When did InterDigital's fiscal year 2024 end?
InterDigital's fiscal year 2024 ended on December 31, 2024.
On what date was this 10-K filing submitted?
This 10-K filing was submitted on February 6, 2025.
Where is InterDigital, Inc. headquartered?
InterDigital, Inc. is headquartered in Wilmington, DE, with its business and mail address listed at 200 Bellevue Parkway, Suite 300.
What is the SEC file number for InterDigital, Inc.?
The SEC file number for InterDigital, Inc. is 001-33579.
Filing Stats: 4,344 words · 17 min read · ~14 pages · Grade level 15.8 · Accepted 2025-02-06 08:34:12
Key Financial Figures
- $0.01 — ich registered Common Stock (par value $0.01 per share) IDCC Nasdaq Stock Market LLC
- $868.5 million — 2024 and 2023, our total revenues were $868.5 million and $549.6 million, respectively. Addit
- $549.6 m — total revenues were $868.5 million and $549.6 million, respectively. Additional informa
- $196.9 million — ch and portfolio development costs were $196.9 million and $195.3 million, respectively, and t
- $195.3 m — velopment costs were $196.9 million and $195.3 million, respectively, and the largest po
- $370 billion — is expected to grow from approximately $370 billion of annual revenue in 2024 to approximat
- $500 billion — annual revenue in 2024 to approximately $500 billion of annual revenue by 2027. 7 Table o
Filing Documents
- idcc-20241231.htm (10-K) — 2300KB
- ex1027compensationprogramf.htm (EX-10.27) — 14KB
- ex19insidertradingpolicy.htm (EX-19) — 46KB
- ex21-subsidiarylistx202410.htm (EX-21) — 13KB
- ex231_consentofindependent.htm (EX-23.1) — 2KB
- idcc-20241231xkex311.htm (EX-31.1) — 11KB
- idcc-20241231xkex312.htm (EX-31.2) — 11KB
- idcc-20241231xkex321.htm (EX-32.1) — 6KB
- idcc-20241231xkex322.htm (EX-32.2) — 6KB
- idcc-20241231_g1.jpg (GRAPHIC) — 50KB
- 0001405495-25-000011.txt ( ) — 12542KB
- idcc-20241231.xsd (EX-101.SCH) — 87KB
- idcc-20241231_cal.xml (EX-101.CAL) — 120KB
- idcc-20241231_def.xml (EX-101.DEF) — 331KB
- idcc-20241231_lab.xml (EX-101.LAB) — 981KB
- idcc-20241231_pre.xml (EX-101.PRE) — 709KB
- idcc-20241231_htm.xml (XML) — 1901KB
Risk Factors
Item 1A. Risk Factors 13
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 24
Cybersecurity
Item 1C. Cybersecurity 25
Properties
Item 2. Properties 26
Legal Proceedings
Item 3. Legal Proceedings 26
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 26 Part II
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 27
Reserved
Item 6. Reserved 29
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 29
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 47
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 49
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 93
Controls and Procedures
Item 9A. Controls and Procedures 93
Other Information
Item 9B. Other Information 94
Disclosures Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosures Regarding Foreign Jurisdictions that Prevent Inspections 94 Part III
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 94
Executive Compensation
Item 11. Executive Compensation 94
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 94
Certain Relationships and Related Transactions, and Directors Independence
Item 13. Certain Relationships and Related Transactions, and Directors Independence 94
Principal Accountant Fees and Services
Item 14. Principal Accountant Fees and Services 95 Part IV
Exhibits and Financial Statement Schedules
Item 15. Exhibits and Financial Statement Schedules 96
Form 10-K Summary
Item 16. Form 10-K Summary 100
Signatures
Signatures 100 __________ In this Form 10-K, the words "we," "our," "us," "the Company" and "InterDigital" refer to InterDigital, Inc. and/or its subsidiaries, individually and/or collectively, unless otherwise indicated or the context otherwise requires. InterDigital is a registered trademark of InterDigital, Inc. All other trademarks, service marks and/or trade names appearing in this Form 10-K are the property of their respective holders. 3 Table of Contents PART I
BUSINESS
Item 1. BUSINESS. Overview InterDigital, Inc. ("InterDigital") is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, internet of things ("IoT") devices, cars and other motor vehicles and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology used in video-enabled products and services. Our AI research effort is focused on the intersection of AI with both wireless and video technologies. InterDigital is one of the largest pure research and development and licensing companies in the world, with one of the most significant patent portfolios of fundamental wireless and video technologies. As of December 31, 2024, InterDigital's wholly owned subsidiaries held a portfolio of more than 33,000 patents and patent applications related to wireless communications, video coding, display technology, and other areas relevant to communications and entertainment products and services. Our portfolio includes numerous patents and patent applications that we believe are or may be essential to existing standards, or may become essential to future standards, established by many Standards Development Organizations ("SDOs"). We have contributed technology to wireless standards including the 3G, 4G, and 5G cellular standards and the IEEE 802 suite