ORBCOMM Inc. (ORBC) Financial Statements (2025 and earlier)
Company Profile
Business Address |
395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK, NJ 07662 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
6/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 40,384 | 54,258 | 53,766 | 34,830 | 25,023 | 27,077 | |||
Cash and cash equivalents | 40,384 | 54,258 | 53,766 | 34,830 | 25,023 | 27,077 | |||
Restricted cash and investments | 1,000 | ||||||||
Receivables | 51,199 | 60,595 | 57,665 | 46,900 | 31,937 | 29,816 | |||
Inventory, net of allowances, customer advances and progress billings | 29,987 | 39,881 | 34,300 | 42,437 | 23,217 | 20,712 | |||
Inventory | 29,987 | 39,881 | 34,300 | 42,437 | 23,217 | 20,712 | |||
Other undisclosed current assets | 14,592 | 18,003 | 15,553 | 18,692 | 8,031 | 6,154 | |||
Total current assets: | 136,162 | 172,737 | 161,284 | 142,859 | 88,208 | 84,759 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 127,537 | 145,553 | 160,070 | 174,178 | 215,841 | 229,970 | |||
Intangible assets, net (including goodwill) | 226,688 | 239,409 | 252,393 | 266,017 | 196,578 | 205,597 | |||
Goodwill | 166,129 | 166,129 | 166,129 | 166,678 | 114,033 | 112,425 | |||
Intangible assets, net (excluding goodwill) | 60,559 | 73,280 | 86,264 | 99,339 | 82,545 | 93,172 | |||
Deferred income tax assets | 258 | ✕ | ✕ | ✕ | ✕ | ||||
Other noncurrent assets | 20,200 | 23,149 | 12,603 | 12,036 | 5,447 | 6,573 | |||
Deferred tax assets, net | ✕ | ✕ | ✕ | 109 | 104 | 80 | |||
Other undisclosed noncurrent assets | 132 | ||||||||
Total noncurrent assets: | 374,683 | 408,243 | 425,175 | 452,335 | 417,946 | 442,140 | |||
TOTAL ASSETS: | 510,845 | 580,980 | 586,459 | 595,194 | 506,154 | 526,899 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 46,230 | 53,673 | 51,262 | 62,314 | 42,912 | 38,081 | |||
Accounts payable | 14,323 | 16,722 | 15,527 | 29,298 | 12,481 | 13,895 | |||
Accrued liabilities | 31,907 | 36,951 | 35,735 | 33,016 | 30,431 | 24,186 | |||
Deferred revenue | 5,238 | 3,865 | ✕ | ✕ | ✕ | ✕ | |||
Debt | 10,000 | ||||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 6,263 | 7,414 | 7,652 | ||
Contract with customer, liability | ✕ | ✕ | ✕ | 5,954 | ✕ | ✕ | ✕ | ||
Total current liabilities: | 61,468 | 57,538 | 57,216 | 68,577 | 50,326 | 45,733 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 206,897 | 246,683 | 245,907 | 245,131 | 147,458 | 150,000 | |||
Long-term debt, excluding current maturities | 206,897 | 246,683 | 245,907 | 245,131 | 147,458 | 150,000 | |||
Liabilities, other than long-term debt | 33,065 | 24,349 | 25,478 | 35,090 | 26,502 | 31,410 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2,459 | 2,978 | 6,024 | ||
Deferred revenue | 4,158 | 6,771 | ✕ | ✕ | ✕ | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | 5,471 | ✕ | ✕ | ✕ | ||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | 16,109 | 17,646 | 18,645 | 18,440 | ||
Deferred income tax liabilities | 13,413 | ✕ | ✕ | ✕ | ✕ | ||||
Due to related parties | 1,400 | 1,275 | 1,298 | 1,366 | 1,195 | 1,241 | |||
Other liabilities | 14,094 | 16,303 | 2,600 | 13,619 | 3,684 | 5,705 | |||
Other undisclosed noncurrent liabilities | 14,894 | ||||||||
Total noncurrent liabilities: | 239,962 | 285,926 | 271,385 | 280,221 | 173,960 | 181,410 | |||
Total liabilities: | 301,430 | 343,464 | 328,601 | 348,798 | 224,286 | 227,143 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 207,950 | 236,210 | 256,832 | 245,663 | 281,221 | 299,393 | |||
Treasury stock, value | (96) | (96) | (96) | (96) | |||||
Additional paid in capital | 451,327 | 447,681 | 449,343 | 411,298 | 386,920 | 381,659 | |||
Accumulated other comprehensive income (loss) | 1,021 | (1,013) | (381) | 256 | (1,089) | (1,174) | |||
Accumulated deficit | (244,882) | (210,942) | (192,507) | (166,245) | (104,949) | (81,424) | |||
Other undisclosed equity, attributable to parent | 484 | 484 | 473 | 450 | 435 | 428 | |||
Equity, attributable to noncontrolling interest | 1,465 | 1,306 | 1,026 | 733 | 647 | 363 | |||
Total equity: | 209,415 | 237,516 | 257,858 | 246,396 | 281,868 | 299,756 | |||
TOTAL LIABILITIES AND EQUITY: | 510,845 | 580,980 | 586,459 | 595,194 | 506,154 | 526,899 |
Income Statement (P&L) ($ in thousands)
6/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 248,466 | 272,013 | 276,140 | 254,220 | 186,744 | 178,293 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | 254,220 | 186,744 | 178,293 | |
Cost of revenue (Cost of Goods and Services Sold) | (150,188) | (92,950) | (90,522) | |||||
Gross profit: | 248,466 | 272,013 | 276,140 | 104,032 | 93,794 | 87,771 | ||
Operating expenses | (120,912) | (120,292) | (116,672) | (101,434) | (89,718) | (70,966) | ||
Other undisclosed operating loss | (127,894) | (146,149) | (161,657) | (43,480) | (18,562) | (24,020) | ||
Operating income (loss): | (340) | 5,572 | (2,189) | (40,882) | (14,486) | (7,215) | ||
Nonoperating expense | (31,829) | (19,321) | (19,092) | (20,722) | (8,223) | (4,559) | ||
Interest and debt expense | (2,942) | (21,149) | (21,055) | (3,868) | (9,085) | (5,242) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 2,942 | 21,149 | 21,055 | 3,868 | 9,085 | 5,242 | ||
Loss from continuing operations before income taxes: | (32,169) | (13,749) | (21,281) | (61,604) | (22,709) | (11,774) | ||
Income tax expense (benefit) | (1,656) | (4,383) | (4,658) | 409 | (517) | (1,225) | ||
Loss from continuing operations: | (33,825) | (18,132) | (25,939) | (61,195) | (23,226) | (12,999) | ||
Loss before gain (loss) on sale of properties: | ✕ | (33,825) | (18,132) | (25,939) | (61,195) | (23,226) | (12,999) | |
Net loss: | (33,825) | (18,132) | (25,939) | (61,195) | (23,226) | (12,999) | ||
Net loss attributable to noncontrolling interest | (115) | (291) | (305) | (89) | (285) | (252) | ||
Net loss attributable to parent: | (33,940) | (18,423) | (26,244) | (61,284) | (23,511) | (13,251) | ||
Preferred stock dividends and other adjustments | (12) | (18) | (12) | (14) | (36) | |||
Net loss available to common stockholders, diluted: | (33,940) | (18,435) | (26,262) | (61,296) | (23,525) | (13,287) |
Comprehensive Income ($ in thousands)
6/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
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Net loss: | (33,825) | (18,132) | (25,939) | (61,195) | (23,226) | (12,999) | ||
Other comprehensive income (loss) | 2,078 | (643) | (649) | 1,342 | 84 | (529) | ||
Comprehensive loss: | (31,747) | (18,775) | (26,588) | (59,853) | (23,142) | (13,528) | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (159) | (280) | (293) | (86) | (284) | (314) | ||
Comprehensive loss, net of tax, attributable to parent: | (31,906) | (19,055) | (26,881) | (59,939) | (23,426) | (13,842) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.