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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 40,38454,25853,76634,83025,02327,077
Cash and cash equivalents 40,38454,25853,76634,83025,02327,077
Restricted cash and investments      1,000
Receivables 51,19960,59557,66546,90031,93729,816
Inventory, net of allowances, customer advances and progress billings 29,98739,88134,30042,43723,21720,712
Inventory 29,98739,88134,30042,43723,21720,712
Other undisclosed current assets 14,59218,00315,55318,6928,0316,154
Total current assets: 136,162172,737161,284142,85988,20884,759
Noncurrent Assets
Property, plant and equipment 127,537145,553160,070174,178215,841229,970
Intangible assets, net (including goodwill) 226,688239,409252,393266,017196,578205,597
Goodwill 166,129166,129166,129166,678114,033112,425
Intangible assets, net (excluding goodwill) 60,55973,28086,26499,33982,54593,172
Deferred income tax assets 258 
Other noncurrent assets 20,20023,14912,60312,0365,4476,573
Deferred tax assets, net10910480 
Other undisclosed noncurrent assets  132    
Total noncurrent assets: 374,683408,243425,175452,335417,946442,140
TOTAL ASSETS: 510,845580,980586,459595,194506,154526,899
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 46,23053,67351,26262,31442,91238,081
Accounts payable 14,32316,72215,52729,29812,48113,895
Accrued liabilities 31,90736,95135,73533,01630,43124,186
Deferred revenue 5,2383,865
Debt 10,000     
Deferred revenue and credits6,2637,4147,652
Contract with customer, liability5,954
Total current liabilities: 61,46857,53857,21668,57750,32645,733
Noncurrent Liabilities
Long-term debt and lease obligation 206,897246,683245,907245,131147,458150,000
Long-term debt, excluding current maturities 206,897246,683245,907245,131147,458150,000
Liabilities, other than long-term debt 33,06524,34925,47835,09026,50231,410
Deferred revenue and credits2,4592,9786,024
Deferred revenue 4,1586,771
Contract with customer, liability5,471
Deferred tax liabilities, net16,10917,64618,64518,440
Deferred income tax liabilities 13,413 
Due to related parties 1,4001,2751,2981,3661,1951,241
Other liabilities 14,09416,3032,60013,6193,6845,705
Other undisclosed noncurrent liabilities  14,894    
Total noncurrent liabilities: 239,962285,926271,385280,221173,960181,410
Total liabilities: 301,430343,464328,601348,798224,286227,143
Equity
Equity, attributable to parent, including: 207,950236,210256,832245,663281,221299,393
Treasury stock, value   (96)(96)(96)(96)
Additional paid in capital 451,327447,681449,343411,298386,920381,659
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 484484473450435428
Equity, attributable to noncontrolling interest 1,4651,3061,026733647363
Total equity: 209,415237,516257,858246,396281,868299,756
TOTAL LIABILITIES AND EQUITY: 510,845580,980586,459595,194506,154526,899

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 248,466272,013276,140254,220186,744178,293
Revenue, net254,220186,744178,293
Cost of revenue
(Cost of Goods and Services Sold)
    (150,188)(92,950)(90,522)
Gross profit: 248,466272,013276,140104,03293,79487,771
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 2,94221,14921,0553,8689,0855,242
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
Net loss: (33,825)(18,132)(25,939)(61,195)(23,226)(12,999)
Other comprehensive income (loss) 2,078(643)(649)1,34284(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.

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