1 unchanged sentence
Market Information
−Removed: The NASDAQ Stock Market (“NASDAQ”) is the principal market for our common stock, which is traded under the symbol "IDCC."
+Added: The NASDAQ Global Select Market (“NASDAQ”) is the principal market for our common stock, which is traded under the symbol "IDCC."
As of February 15, 2022, there were 473 holders of record of our common stock.
15 unchanged sentences
Performance Graph
−Removed: The following graph compares five-year total shareholder return on common stock with the cumulative total returns of the NASDAQ Composite index and the NASDAQ Telecommunications index.
+Added: The following graph compares five-year total shareholder return on common stock with the cumulative total returns of the NASDAQ Composite index, the NASDAQ Telecommunications index and the Russell 2000 index.
The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from 12/31/2016 to 12/31/2021.
+Added: We have historically presented the performance graph by comparing our cumulative total shareholder return against the cumulative total return of the NASDAQ Composite index and the NASDAQ Telecommunications index.
+Added: We have decided to change from the NASDAQ Composite index to the Russell 2000 index as management believes the companies included in the Russell 2000 index are more comparable to us because of their more similar market capitalizations.
+Added: Beginning with our Annual Report on Form 10-K for 2022, we will only present the cumulative total return of the NASDAQ Telecommunications index and the Russell 2000 index.
12/16 12/17 12/18 12/19 12/20 12/21
2 unchanged sentences
NASDAQ Composite 100.00 129.64 125.96 172.17 249.51 304.85
+Added: Russell 2000 100.00 114.65 102.02 128.06 153.62 176.39
NASDAQ Telecommunications 100.00 128.15 99.14 117.73 129.57 132.63
5 unchanged sentences
October 1, 2021 - October 31, 2021
+Added: 95,937 $ 67.63 95,937 $ 41,974,275
November 1, 2021 - November 30, 2021
+Added: 7,636 $ 66.71 7,636 $ 41,464,736
December 1, 2021 - December 31, 2021
+Added: — $ — — $ 41,464,736
Total 103,573 $ 67.56 103,573 $ 41,464,736
4 unchanged sentences
(3) Amounts shown in this column reflect the amounts remaining under the 2014 Repurchase Program.
−Removed: SELECTED FINANCIAL DATA.
−Removed: The following data should be read in conjunction with the Consolidated Financial Statements, related Notes and other financial information contained in this Form 10-K.
−Removed: We adopted new revenue guidance, ASC 606, effective January 1, 2018 using the modified retrospective method.
−Removed: As such, revenue and other related accounts are presented in accordance with ASC 606 for the years ended December 31, 2020, 2019 and 2018, and in accordance with ASC 605 for all prior periods presented.
−Removed: Additionally, effective January 1, 2019, we adopted ASU 2016-02, "Leases (Topic 842)" or ("ASC 842"), which outlines a comprehensive change to the lease accounting model and supersedes prior lease guidance.
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands except per share data)
−Removed: Consolidated statements of operations data:
−Removed: $ 358,991 $ 318,924 $ 307,404 $ 532,938 $ 665,854
−Removed: Income from operations 55,168 37,835 62,595 301,495 437,306
−Removed: Income tax benefit (provision) (b)
−Removed: 6,648 (10,991) 27,417 (121,676) (116,791)
−Removed: Net income applicable to InterDigital, Inc.
−Removed: common shareholders 44,801 20,928 65,031 176,220 310,741
−Removed: Net income per common share — basic $ 1.46 $ 0.66 $ 1.89 $ 5.09 $ 9.00
−Removed: Net income per common share — diluted $ 1.44 $ 0.66 $ 1.84 $ 4.93 $ 8.83
−Removed: Weighted average number of common shares outstanding — basic 30,776 31,546 34,491 34,605 34,526
−Removed: Weighted average number of common shares outstanding — diluted 31,058 31,785 35,307 35,779 35,189
−Removed: Cash dividends declared per common share (c)
−Removed: $ 1.40 $ 1.40 $ 1.40 $ 1.30 $ 1.00
−Removed: Consolidated balance sheets data:
−Removed: Cash, cash equivalents and restricted cash (d)
−Removed: $ 477,663 $ 757,098 $ 488,733 $ 433,014 $ 404,074
−Removed: Short-term investments 453,173 179,204 470,724 724,981 548,687
−Removed: Working capital 731,117 710,774 844,855 1,019,353 795,639
−Removed: Total assets 1,616,275 1,612,082 1,626,558 1,854,420 1,727,853
−Removed: Total debt 367,992 444,758 317,377 285,126 272,021
−Removed: Total InterDigital, Inc.
−Removed: shareholders’ equity 773,369 761,557 936,729 863,808 746,323
−Removed: Noncontrolling interest 23,197 24,724 1,284 9,340 8,045
−Removed: Total shareholders’ equity $ 796,566 $ 786,281 $ 938,013 $ 873,148 $ 754,368
−Removed: (a) In 2020, 2019, 2018, 2017, and 2016, our revenues included $21.6 million, $19.8 million, $26.3 million, $162.9 million, and $309.7 million of non-current patent royalties, respectively.
−Removed: (b) In 2020, our tax benefit includes discrete benefits of $20.9 million, which primarily relates to the expected amendment of a prior year tax return to utilize a tax asset generated in the current year, as well as the reversal of a tax reserve.
−Removed: In 2018, our income tax benefit includes an $18.0 million tax benefit due to our income qualifying as foreign derived intangible income ("FDII"), as well as a $14.7 million benefit as a result of anticipated filings of amended tax returns in connection with the Korea Competent Authority Proceeding defined and discussed below.
−Removed: In 2017, our income tax provision was impacted by the U.S.
−Removed: Tax Cuts and Jobs Act (the “TCJA”).
−Removed: In 2016, our income tax provision included the impact of a $23.6 million net tax benefit primarily related to domestic activity production deductions for prior years.
−Removed: (c) In September 2017, we announced that our Board of Directors had approved an increase in the Company’s quarterly cash dividend to $0.35 per share.
−Removed: In September 2016, we announced that our Board of Directors had approved an increase in the Company’s quarterly cash dividend to $0.30 per share.
−Removed: (d) Includes restricted cash which is included within " Prepaid and other current assets " or " Other non-current assets " in the consolidated balance sheets.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.