← Iridium Communications 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 (Loss) Attributable to Parent | $111.0m | $233.9m | ($13.4m) | ($162.0m) | ($56.1m) | ($9.3m) | $8.7m | $15.4m | $112.8m | $114.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $95.6m | $218.4m | ($23.5m) | ($166.2m) | ($56.1m) | ($9.3m) | $8.7m | $15.4m | $112.8m | $114.4m | |
| Depreciation, Depletion and Amortization | $49.4m | $122.3m | $218.2m | $297.7m | $303.2m | $305.4m | $303.5m | $320.0m | $203.1m | $210.2m | |
| Amortization of Debt Issuance Costs | — | — | $10.1m | $18.9m | $3.7m | $4.2m | $4.6m | $3.7m | $2.5m | $2.8m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | $4.3m | $4.8m | $4.0m | $2.7m | $2.9m | |
| Amortization of Intangible Assets | $800k | $1.6m | $1.6m | $1.6m | $1.5m | $1.6m | $1.6m | $1.5m | $7.2m | $3.9m | |
| Depreciation | $48.6m | $120.7m | $216.6m | $296.1m | $301.7m | $303.8m | $301.9m | $318.5m | $195.9m | $206.3m | |
| Deferred Income Tax Expense (Benefit) | $63.8m | ($115.8m) | ($8.3m) | ($53.9m) | ($33.7m) | ($21.3m) | ($1.2m) | ($31.8m) | $6.6m | $22.2m | |
| Share-based Payment Arrangement, Noncash Expense | $13.7m | $16.0m | $14.5m | $15.1m | $16.7m | $26.8m | $43.7m | $57.5m | $63.5m | $51.6m | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | — | — | — | — | — | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $627k | $1.9m | $2.0m | $4.6m | $4.5m | $5.9m | $5.3m | $9.7m | $6.7m | $18.7m | |
| Share-based Payment Arrangement, Expense | $2.5m | $1.8m | $1.5m | $1.4m | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | — | — | — | — | $64.1m | $68.3m | $57.3m | |
| Gain (Loss) on Extinguishment of Debt | — | — | $7.3m | ($111.7m) | — | ($879k) | ($1.2m) | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments | $0 | — | — | — | — | $0 | ($1.5m) | ($6.1m) | $15.3m | ($2.8m) | |
| Income Tax Expense (Benefit) | $67.1m | ($114.3m) | ($7.3m) | ($56.1m) | ($32.9m) | ($19.6m) | $292k | ($26.3m) | $12.3m | $27.6m | |
| Operating Lease, Expense | — | — | — | $5.1m | $5.6m | $5.6m | $5.2m | $5.2m | $6.0m | $5.7m | |
| Operating Lease, Lease Income | — | — | — | $21.6m | $21.4m | $21.4m | $21.4m | $19.2m | $12.4m | $12.4m | |
| Other Nonoperating Income (Expense) | $206k | ($207k) | $139k | ($1.1m) | $33k | ($417k) | $107k | $4.0m | $534k | ($2.9m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $6.0m | $10.3m | $12.8m | ($2.5m) | ($6.4m) | $1.8m | $18.7m | $9.5m | $6.4m | ($5.6m) | |
| Increase (Decrease) in Inventories | ($9.0m) | $1.9m | $7.6m | $13.0m | ($7.2m) | ($3.6m) | $10.2m | $51.0m | ($9.8m) | ($4.7m) | |
| Increase (Decrease) in Accounts Payable | $3.2m | $896k | ($732k) | ($4.3m) | $7.4m | ($2.2m) | $4.7m | $2.8m | ($18.8m) | ($4.7m) | |
| Proceeds from Stock Options Exercised | $549k | $4.2m | $12.4m | $13.5m | $12.7m | $7.4m | $3.9m | $4.0m | $3.4m | $1.1m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($166k) | $163k | ($342k) | — | — | — | — | — | — | — | |
| Goodwill | $0 | — | — | — | — | — | — | — | $98.2m | $98.9m | |
| Inventory Write-down | $1.1m | $361k | $343k | $800k | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | $1.8m | $4.1m | ($62.3m) | ($228.2m) | ($124.4m) | ($75.2m) | ($67.7m) | ($86.4m) | ($90.6m) | ($91.2m) | |
| Payments of Financing Costs | $11.8m | $3.9m | $21.2m | $28.8m | $2.6m | $4.1m | $0 | $15.9m | $15.9m | $15.9m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $18.4m | $30.4m | $34.2m | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | $300k | $9.1m | $8.5m | $3.3m | $3.3m | — | $3.3m | |
| Net Cash Provided by (Used in) Operating Activities | $225.2m | $259.6m | $263.7m | $198.1m | $249.8m | $302.9m | $344.7m | $314.9m | $376.0m | $400.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $405.7m | $400.1m | $391.4m | $117.8m | $38.7m | $42.1m | $71.3m | $73.5m | $69.9m | $100.3m | |
| Net Cash Provided by (Used in) Investing Activities | ($242.4m) | ($372.7m) | ($378.9m) | ($127.8m) | ($46.5m) | ($36.4m) | ($121.3m) | ($83.5m) | ($180.6m) | ($100.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | $1.4b | $202.0m | $179.3m | $0 | — | — | — | |
| Proceeds from Issuance of Common Stock | $0 | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $163.4m | $257.1m | $247.0m | $407.7m | $186.5m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $0 | $0 | $64.8m | $64.7m | $62.9m | |
| Payments of Dividends | — | — | — | — | — | — | — | $64.8m | $64.7m | $62.9m | |
| Dividends Payable | — | — | — | — | — | — | $16.6m | $1.3m | $2.5m | $3.5m | |
| Net Cash Provided by (Used in) Financing Activities | $202.2m | $16.9m | $193.5m | ($313.3m) | ($188.2m) | ($182.5m) | ($375.0m) | ($327.1m) | ($170.5m) | ($299.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $512k | $144k | ($1.3m) | $1.2m | ($1.5m) | ($288k) | ($625k) | ($1.3m) | ($3.2m) | $3.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $512k | ($96.0m) | $77.0m | ($241.7m) | $13.6m | $83.7m | ($152.1m) | ($96.9m) | $21.7m | $3.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $207.5m | $388.3m | $465.3m | $223.6m | $237.2m | $320.9m | $168.8m | $71.9m | $93.5m | $96.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $52.9m | $0 | $35.7m | $119.5m | $98.7m | $72.2m | $63.9m | $91.9m | $95.3m | $90.2m | |
| Income Taxes Paid, Net | $1.4m | $1.7m | $931k | ($606k) | ($661k) | $1.8m | $2.2m | $4.2m | $5.2m | $7.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.