ORBCOMM Inc. (ORBC) Financial Statements (2024 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
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,34140,38476,34662,35570,11254,258
Cash and cash equivalents38,34140,38476,34662,35570,11254,258
Receivables55,00951,19953,92848,27358,46060,595
Inventory, net of allowances, customer advances and progress billings28,92429,98734,23938,29740,47339,881
Inventory28,92429,98734,23938,29740,47339,881
Other undisclosed current assets17,28014,59215,77316,88616,20018,003
Total current assets:139,554136,162180,286165,811185,245172,737
Noncurrent Assets
Property, plant and equipment117,894127,537132,762137,021140,291145,553
Intangible assets, net (including goodwill)223,520226,688229,857233,041236,225239,409
Goodwill166,129166,129166,129166,129166,129166,129
Intangible assets, net (excluding goodwill)57,39160,55963,72866,91270,09673,280
Deferred income tax assets256258145144  
Other noncurrent assets20,22220,20020,25220,78321,73523,149
Other undisclosed noncurrent assets     207132
Total noncurrent assets:361,892374,683383,016390,989398,458408,243
TOTAL ASSETS:501,446510,845563,302556,800583,703580,980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities49,14346,23055,42844,01450,42153,673
Accounts payable18,78714,32313,76910,65414,79616,722
Accrued liabilities30,35631,90741,65933,36035,62536,951
Deferred revenue6,0205,2386,1886,4866,9323,865
Debt11,25010,000    
Total current liabilities:66,41361,46861,61650,50057,35357,538
Noncurrent Liabilities
Long-term debt and lease obligation203,305206,897247,265247,071261,877246,683
Long-term debt, excluding current maturities203,305206,897247,265247,071261,877246,683
Liabilities, other than long-term debt32,55933,06532,19233,65619,58324,349
Deferred revenue4,2624,1583,1192,8442,7086,771
Deferred income tax liabilities12,94913,41313,72614,482  
Due to related parties1,3321,4001,3321,2751,2521,275
Other liabilities14,01614,09414,01515,05515,62316,303
Other undisclosed noncurrent liabilities     14,90014,894
Total noncurrent liabilities:235,864239,962279,457280,727296,360285,926
Total liabilities:302,277301,430341,073331,227353,713343,464
Equity
Equity, attributable to parent, including:197,577207,950220,770224,129228,589236,210
Treasury stock, value     (2,502) 
Additional paid in capital453,379451,327450,403448,908449,431447,681
Accumulated other comprehensive income (loss)(843)1,021(5)(676)(907)(1,013)
Accumulated deficit(255,456)(244,882)(230,112)(224,587)(217,917)(210,942)
Other undisclosed equity, attributable to parent497484484484484484
Equity, attributable to noncontrolling interest1,5921,4651,4591,4441,4011,306
Total equity:199,169209,415222,229225,573229,990237,516
TOTAL LIABILITIES AND EQUITY:501,446510,845563,302556,800583,703580,980

Income Statement (P&L) ($ in thousands)

6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Revenues63,69563,81361,74256,73266,17969,682
Gross profit:63,69563,81361,74256,73266,17969,682
Operating expenses(29,497)(28,864)(29,071)(29,883)(33,094)(29,452)
Other undisclosed operating loss(42,931)(32,917)(32,039)(28,665)(34,273)(36,673)
Operating income (loss):(8,733)2,032632(1,816)(1,188)3,557
Nonoperating expense(995)(15,968)(5,386)(5,379)(5,096)(5,009)
Investment income, nonoperating237298260265416549
Other nonoperating income (expense)996(448)(421)(234)(266)(259)
Interest and debt expense(2,228)12,939(5,225)(5,410)(5,246)(5,299)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2,228(12,939)5,2255,4105,2465,299
Loss from continuing operations before income taxes:(9,728)(13,936)(4,754)(7,195)(6,284)(1,452)
Income tax expense (benefit)(663)(868)(789)554(553)(1,029)
Loss from continuing operations:(10,391)(14,804)(5,543)(6,641)(6,837)(2,481)
Loss before gain (loss) on sale of properties:(10,391)(14,804)(5,543)(6,641)(6,837)(2,481)
Net loss:(10,391)(14,804)(5,543)(6,641)(6,837)(2,481)
Net income (loss) attributable to noncontrolling interest(171)3418(29)(138)(20)
Net loss attributable to parent:(10,562)(14,770)(5,525)(6,670)(6,975)(2,501)
Preferred stock dividends and other adjustments(12)     
Net loss available to common stockholders, diluted:(10,574)(14,770)(5,525)(6,670)(6,975)(2,501)

Comprehensive Income ($ in thousands)

6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Net loss:(10,391)(14,804)(5,543)(6,641)(6,837)(2,481)
Other comprehensive income (loss)(1,908)1,06670424563136
Comprehensive loss:(12,299)(13,738)(4,839)(6,396)(6,774)(2,345)
Comprehensive loss, net of tax, attributable to noncontrolling interest(127)(6)(15)(43)(95)(37)
Comprehensive loss, net of tax, attributable to parent:(12,426)(13,744)(4,854)(6,439)(6,869)(2,382)

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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