Adeia (ADEA) FY2024 results: revenue $376 million, down 3.3% on the year
Adeia Inc. (ADEA) reported revenue of $376 million for fiscal 2024, the year ended 31 December 2024, down 3.3% on the year before. Net income was $65 million, down 4.1%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$376 million
-3.3% on the year
FY2018FY2024
Operating margin
34.2%
35.0% a year earlier
FY2018FY2024
Net income
$65 million
-4.1% on the year
FY2018FY2024
Diluted EPS
$0.57
-5.0% on the year
FY2018FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
212
153
183
+39.1%
Capital expenditure
1.8
3.8
12.6
-52.2%
Free cash flow
211
149
170
+41.4%
Free cash flow margin
56.0%
38.3%
38.8%
Cash from investing
-24.0
-34.5
-2.9
Cash from financing
-164
-178
-263
Depreciation and amortisation
72.8
95.3
114
-23.6%
Share-based compensation
26.6
18.1
52.6
+47.5%
Buybacks
18.7
0.0
17.3
Dividends paid
21.8
21.3
20.9
+2.0%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
113m
113m
108m
+0.2%
Shares outstanding at period end
108m
107m
105m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
397
357
301
+11.2%
Debt
475
586
729
-18.8%
Operating lease liabilities
9.5
9.7
4.8
-2.6%
Other liabilities
216
154
175
+41.0%
Total liabilities and equity
1,098
1,106
1,211
-0.7%
Fixed assets
6.3
7.0
4.5
-9.9%
Goodwill
314
314
314
0.0%
Intangible assets
301
347
432
-13.2%
Investments
31.6
29.0
n/a
+8.8%
Securities held for sale or to maturity
n/a
n/a
29.0
Cash and equivalents
78.8
54.6
115
+44.5%
Receivables
34.1
39.7
58.5
-13.9%
Other assets
332
315
258
+5.7%
Total assets
1,098
1,106
1,211
-0.7%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.