← Globalstar, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($256.9m) ($24.7m) ($63.2m) ($8.7m)
Net Income (Loss) Attributable to Parent ($132.6m) ($89.1m) ($6.5m) $15.3m ($109.6m) ($112.6m) ($256.9m) ($24.7m) ($63.2m) ($8.7m)
Net Income (Loss) Available to Common Stockholders, Basic ($132.6m) ($89.1m) — ($110.7m) ($109.6m) ($112.6m) ($258.3m) ($35.3m) ($73.8m) ($19.3m)
Amortization — — $8.7m $12.2m $12.0m $12.0m $8.4m $978k $1.1m $1.3m
Amortization of Debt Issuance Costs $9.2m $8.1m $8.7m $15.9m $4.2m $2.6m $520k ($8.6m) $0 $0
Amortization of Intangible Assets $300k $300k — — $1.1m $1.2m $1.2m $1.4m $3.6m $4.7m
Capitalized Computer Software, Amortization — — — — — — — — — $3.6m
Depreciation $77.0m $77.2m $81.8m $83.6m $84.9m $84.2m $85.5m $87.2m $87.9m $86.1m
Depreciation Amortization Depletion — — — — — — $93.9m $88.2m $89.0m $87.4m
Depreciation, Amortization and Accretion, Net $77.4m $77.5m $90.4m $95.8m $96.8m $96.2m $93.9m $88.2m $89.0m $87.4m
Deferred Income Tax Expense (Benefit) $0 $0 $0 $395k $360k ($459k) $0 $33k $382k $69k
Share-based Payment Arrangement, Noncash Expense $4.9m $5.1m $7.0m $5.7m $5.7m $6.5m $10.8m $22.5m $35.5m $23.4m
Share-based Payment Arrangement, Expense — — — — — — — $22.5m $35.5m $23.4m
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — $700k — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $350k — — — — — — — — —
Gain (Loss) on Extinguishment of Debt $0 ($6.3m) $0 $0 $0 $3.1m $2.8m ($10.2m) ($14.0m) $0
Income Tax Expense (Benefit) ($6.5m) $190k $125k $545k $662k ($299k) $73k $1.1m $2.1m $5.9m
Other Nonoperating Income (Expense) ($430k) ($2.9m) ($3.3m) ($2.8m) ($3.6m) $368k $463k $1.7m ($2.5m) $15.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.2m $3.0m $3.8m $4.3m $8.5m ($1.4m) $1.0m ($12.7m) ($26.7m) ($7.5m)
Increase (Decrease) in Inventories ($4.6m) ($50k) $486k $1.7m ($2.2m) $80k $2.4m $4.2m ($2.8m) ($1.5m)
Increase (Decrease) in Other Operating Assets $469k $699k $3.8m ($864k) $890k ($82k) $183k ($610k) ($294k) $1.1m
Accounts Receivable, Credit Loss Expense (Reversal) $1.3m $1.3m $1.4m $1.7m $1.7m $936k $1.1m — — —
Proceeds from Stock Options Exercised — — $846k $672k $638k $200k $200k $100k $1.8m $1.9m
Foreign Currency Transaction Gain (Loss), before Tax ($200k) ($2.2m) ($3.1m) $100k ($727k) ($6.3m) ($6.6m) $4.9m ($16.6m) $15.7m
Foreign Currency Transaction Gain (Loss), Unrealized ($144k) ($2.2m) ($3.1m) $192k ($1.4m) ($6.4m) ($6.6m) $5.0m ($16.7m) $15.8m
Gain (Loss) Related to Litigation Settlement — — $6.8m $120k $0 — — — — —
Goodwill — — — — — — — $30.6m $30.6m $30.6m
Inventory Write-down $0 $843k $0 $416k $662k $1.0m $8.6m $0 $327k $0
Nonoperating Income (Expense) ($75.5m) ($20.1m) $41.0m $79.9m ($49.8m) ($47.4m) ($35.8m) ($23.4m) ($60.1m) ($10.2m)
Payments of Financing Costs $0 — — — — — — — — —
Unrealized Gain (Loss) on Derivatives ($41.5m) $21.2m $81.1m $145.1m $2.9m ($1.0m) ($805k) ($5.0m) $16.7m ($15.8m)
Beginning Cash Position — — — — — — $14.3m $32.1m $56.7m $391.2m
Cash Flow From Continuing Financing Activities — — — — — — ($6.0m) $125.8m $157.2m ($16.2m)
Cash Flow From Continuing Investing Activities — — — — — — ($40.0m) ($175.6m) ($260.6m) ($550.4m)
Change In Account Payable — — — — — — ($11.4m) ($3.4m) ($1.4m) $1.1m
Change In Inventory — — — — — — ($2.4m) ($4.2m) $2.8m $1.5m
Change In Other Current Assets — — — — — — ($183k) $610k $294k ($1.1m)
Change In Other Current Liabilities — — — — — — ($2.6m) ($53k) $3.6m $2.4m
Change In Other Working Capital — — — — — — $23.1m ($38.6m) $301.8m $481.5m
Change In Payable — — — — — — ($11.5m) ($3.3m) ($1.4m) $1.1m
Change In Payables And Accrued Expense — — — — — — ($11.5m) ($3.3m) ($1.4m) $1.1m
Change In Prepaid Assets — — — — — — $952k ($3.2m) ($856k) ($1.5m)
Change In Receivables — — — — — — ($1.0m) $12.7m $26.7m $7.5m
Change In Working Capital — — — — — — $6.5m ($36.0m) $332.8m $491.4m
Changes In Account Receivables — — — — — — ($1.0m) $12.7m $26.7m $7.5m
Changes In Cash — — — — — — $17.8m $24.5m $335.8m $55.1m
End Cash Position — — — — — — $32.1m $56.7m $391.2m $447.5m
Financing Cash Flow — — — — — — ($6.0m) $125.8m $157.2m ($16.2m)
Free Cash Flow — — — — — — $23.8m ($92.5m) $320.3m $513.6m
Gain Loss On Investment Securities — — — — — $1.0m $805k — — —
Interest Received CFI — — — — — — $0 ($8.8m) ($10.0m) $0
Investing Cash Flow — — — — — — ($40.0m) ($175.6m) ($260.6m) ($550.4m)
Issuance Of Capital Stock — — — — — — $919k $0 $178.0m $1.9m
Net Foreign Currency Exchange Gain Loss — — — — — — $6.6m ($5.0m) $16.7m ($15.8m)
Net Intangibles Purchase And Sale — — — — — — ($643k) ($1.1m) ($6.8m) ($5.5m)
Net PPE Purchase And Sale — — — — — — ($39.3m) ($165.7m) ($112.1m) ($102.6m)
Operating Gains Losses — — — — — — $3.8m $5.2m $30.7m ($15.8m)
Other Non Cash Items — — — — — — $205.8m $19.2m $14.4m $43.9m
Pension And Employee Benefit Expense — — — — — $0 $1.5m — — —
Provisionand Write Offof Assets — — — — — $936k $1.1m — — —
Purchase Of Intangibles — — — — — — ($643k) ($1.1m) ($6.8m) ($5.5m)
Purchase Of PPE $9.4m $5.5m $7.3m $4.6m — — ($39.3m) ($165.7m) ($112.1m) ($102.6m)
Sale Of PPE — — — — — $350k $0 $0 — —
Stock Based Compensation — — — — — — $10.8m $22.5m $35.5m $23.4m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement — — — ($455k) ($2.1m) $0 ($1.5m) — — —
Gain (Loss) on Derivative Instruments, Net, Pretax ($41.5m) $21.2m $81.1m $145.1m $2.9m ($1.0m) ($805k) — ($1.3m) —
Net Cash Provided by (Used in) Operating Activities $8.8m $13.9m $5.9m $3.0m $22.2m $131.9m $63.8m $74.3m $439.2m $621.6m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $9.4m $5.5m $7.3m $4.6m — — ($40.0m) ($166.8m) ($118.9m) ($108.1m)
Capital Expenditure Reported — — — — — ($395k) $0 ($8.8m) — —
Net Other Investing Changes — — — — — ($37.4m) — — ($131.7m) ($442.3m)
Net Cash Provided by (Used in) Investing Activities ($24.6m) ($20.8m) ($17.4m) ($11.5m) ($14.5m) ($45.2m) ($40.0m) ($175.6m) ($260.6m) ($550.4m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $0 $307.3m $259.4m $27.1m
Long Term Debt Issuance — — — — — — $0 $307.3m $37.7m $27.1m
Net Issuance Payments Of Debt — — — — — — ($6.3m) $146.5m ($10.2m) ($7.5m)
Net Long Term Debt Issuance — — — — — — ($6.3m) $146.5m ($231.8m) ($7.5m)
Net Short Term Debt Issuance — — — — — — $0 $0 $221.6m $0
Short Term Debt Issuance — — — — — — $0 $0 $221.6m $0
Long Term Debt Payments — — — — — — ($6.3m) ($160.8m) ($269.5m) ($34.6m)
Repayment Of Debt — — — — — — ($6.3m) ($160.8m) ($269.5m) ($34.6m)
Short Term Debt Payments — — — — — ($187.0m) $0 — — —
Proceeds from Issuance of Common Stock — $115.0m $59.1m $4.3m $0 $43.7m $0 $0 $176.2m $0
Common Stock Issuance — — — — — — $919k $0 $178.0m $1.9m
Net Common Stock Issuance — — — — — — $919k ($181k) $178.0m $1.9m
Dividends paid — — — — — — — $11.9m $10.6m $10.6m
Payments of Dividends — — — — — — — $11.9m $10.6m $10.6m
Cash Dividends Paid — — — — — — $0 ($11.9m) ($10.6m) ($10.6m)
Preferred Stock Dividend Paid — — — — — — $0 ($11.9m) ($10.6m) ($10.6m)
Net Other Financing Charges — — — — — $461k ($626k) ($8.6m) — —
Net Cash Provided by (Used in) Financing Activities $18.5m $63.8m ($18.2m) ($7.9m) $1.2m ($140.3m) ($6.0m) $125.8m $157.2m ($16.2m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $55k $195k ($112k) $4k $52k ($132k) ($22k) $140k ($1.4m) $1.2m
Effect Of Exchange Rate Changes — — — — — — ($22k) $140k ($1.4m) $1.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $55k $57.1m ($29.8m) ($16.4m) $8.9m ($53.7m) $17.8m $24.7m $334.4m $56.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $105.3m $75.5m $59.1m $68.0m $14.3m $32.1m $56.7m $391.2m $447.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $17.8m $24.7m $334.4m $56.3m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $25.9m $27.4m $10.9m $5.5m $0 $13.5m $15.7m $0
Income Taxes Paid, Net — — — — — $188k $197k $333k $1.9m $6.5m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.