Replies to post #379906 on InterDigital Inc (IDCC)

[Data_Rox]

Recap of IDCC's Stock repurchases by year through 2009
(rmarchma sticky)

Most of IDCC's stock repurchases occurred between 2003 - 2008. Prior to 2003, IDCC had only repurchased 1.5m treasury shares. The following is a recap of IDCC's treasury stock repurchases through 2009:

Prior to 2003: purchased 1.5m shares at cost of $8.1m = $5.40 per share

2003: purchased 2m shares at cost of $34.7m = $17.35 per share

2004: purchased 1m shares at cost of $17.1m = $17.10 per share

2005: purchased 2m shares at cost of $34.1m = $17.05 per share

2006: purchased 6.54m shares at cost of $192.5m = $29.43 per share

2007: purchased 5.75m shares at cost of $176.3m = $30.66 per share

2008: purchased 3.76m shares at cost of $81.5m = $21.68 per share

2009: purchased 1.01m shares at cost of $25.02m = $24.77 per share


Total purchased 23.57m at cost of $569.25m = $24.15 per share


IDCC's stock repurchases really began in earnest in 2006 when they were flooded with cash after receiving the first $95m LG installment and the $253m Nokia 2G settlement. These two key events triggered significantly higher stock prices of IDCC also during this ensuing time of stock repurchases. IDCC got flooded again with cash in 2009 receiving $200m from new licensee Samsung, and $182m in prepaid royalties from two existing licensees. These treasury stock repurchases have reduced IDCC's outstanding shares at 12/31/09 to 43.26m.