InterDigital, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenues of $69,555,000 against $135,779,000 a year ago. Income from operations was $15,680,000 against $80,948,000 a year ago. Income before income taxes was $10,833,000 against $78,618,000 a year ago. Net income attributable to the company was $10,706,000 or $0.30 diluted per share against $52,499,000 or $1.46 diluted per share a year ago. Net cash provided by operating activities was $6,827,000 against $19,447,000 a year ago. Purchases of property, equipment, & technology licenses were $1,143,000 against $557,000 a year ago.

For the six months, the company reported revenues of $156,999,000 against $230,309,000 a year ago. Income from operations was $45,830,000 against $114,916,000 a year ago. Income before income taxes was $34,647,000 against $109,772,000 a year ago. Net income attributable to the company was $40,631,000 or $1.14 diluted per share against $86,255,000 or $2.39 diluted per share a year ago. Net cash provided by operating activities was $6,232,000 against net cash used in operating activities was $6,408,000 a year ago. Purchases of property, equipment, & technology licenses were $1,542,000 against $825,000 a year ago.

The company expects to report a negative effective tax rate for the full year, but expects its long-term tax rate will be in the range of approximately 14% to 15%.