InterDigital Inc (IDCC)

[ddutta]

Some details from 10-K:

10-K

"As discussed above, in fourth quarter 2016, we entered into the new Apple PLA. During 2016, we recognized a total of $169.3 million of
revenue under the Apple PLA, which included $141.4 million of past sales.
Also as discussed above, during third quarter 2016, we entered into the Huawei PLA. During 2016, we recognized a total of $154.8 million of
revenue associated with the Huawei PLA, which included $121.5 million of past sales."



This translates to Apple paying $27.9 million fixed royalty each quarter ($169.3 - $141.4).

And Huawei paying $16.65 million fixed royalty each quarter ($154.8 - $121.5) / 2 quarters.

Apple is licensed until Sep 30th 2021, so 19 more quarters.

Thus Apple license is $169.3 million (for 2016, past and 4th quarter) + $530.1 (for 2017 thru 30th Sep 2021).
Total Apple license is thus approx. $700 million.

Samsung is paying at the fixed rate of $17.25 million each quarter.