Iridium Communications Inc (IRDM) financial statements (2020 and earlier)

Company profile

Business Address 1750 TYSONS BOULEVARD
MCLEAN, VA 22102
State of Incorp. DE
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments224273298410389472186
Cash and cash equivalents224273286371186211186
Short-term investments  1239203261 
Receivables69716857525155
Inventory, net of allowances, customer advances and progress billings40282018282830
Inventory40282018282830
Income taxes receivable1
Other undisclosed current assets11182531132298
Total current assets:343390411517482573370
Noncurrent Assets
Property, plant and equipment3,1813,3713,2102,8132,4441,9721,576
Intangible assets, net (including goodwill)4749504647134144
Goodwill     8787
Intangible assets, net (excluding goodwill)47495046474757
Restricted cash and investments 192102113918681
Deferred costs    133136130
Other noncurrent assets5313811889
Total noncurrent assets:3,2813,6243,3712,9832,7232,3371,940
TOTAL ASSETS:3,6244,0143,7823,5003,2042,9102,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64999049652713
Accounts payable7134311321813
Accrued liabilities4957322429  
Interest and dividends payable8291514410 
Deferred revenue39
Debt 12686    
Deferred revenue and credits3834373741
Other undisclosed current liabilities1137   3847
Total current liabilities:11426321483102102101
Noncurrent Liabilities
Long-term debt and lease obligation1,4131,8301,6181,6571,5221,2911,039
Long-term debt, excluding current maturities1,4131,8301,6181,6571,5221,2911,039
Liabilities, other than long-term debt96246353402338269215
Deferred revenue and credits48362921 
Deferred revenue67
Deferred tax liabilities, net241246362297245203
Liability for uncertainty in income taxes      1
Other liabilities29460412310
Other undisclosed noncurrent liabilities54275 13141515
Total noncurrent liabilities:2,0512,1501,9712,0731,8741,5751,269
Total liabilities:2,1642,4132,1862,1561,9761,6781,370
Stockholders' equity
Stockholders' equity attributable to parent1,4591,6021,5961,3441,2291,232939
Common stock0000000
Additional paid in capital1,1341,1091,0811,0601,0441,033801
Accumulated other comprehensive loss(7)(9)(4)(5)(9)(3)(1)
Retained earnings332502519289193202139
Total stockholders' equity:1,4591,6021,5961,3441,2291,232939
TOTAL LIABILITIES AND EQUITY:3,6244,0143,7823,5003,2042,9102,310

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues560523448434411409383
Revenue, net448434411409383
Cost of revenue(441)(359)(247)(158)(1)(56)(113)
Cost of goods and services sold(1)(0)(44)(45)(1)(56)(113)
Gross profit:119164201276411353270
Operating expenses(109)(122)(100)(100)(338)(286)(273)
Other undisclosed operating income  14 156113
Operating income:104211517674123110
Nonoperating income (expense)(228)(62)42(1)(6)1
Other nonoperating income (expense)(1)0(0)0(0)(4)6
Interest and debt expense(112)714(78) (1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Income (loss) from continuing operations before equity method investments, income taxes:(330)(13)13410073115110
Loss from equity method investments     (4)(3)
Other undisclosed income (loss) from continuing operations before income taxes112(7)(14)78 53
Income (loss) from continuing operations before income taxes:(218)(21)12017873116110
Income tax expense (benefit)567114(67)(66)(41)(48)
Net income (loss) attributable to parent:(162)(13)23411177563
Undistributed earnings (loss) allocated to participating securities, basic  (0)
Other undisclosed net loss available to common stockholders, basic(4)(10)(15)(15)(15)(12)(7)
Net income (loss) available to common stockholders, basic:(166)(24)21896(8)6356
Other undisclosed net income available to common stockholders, diluted  1515 127
Net income (loss) available to common stockholders, diluted:(166)(24)234111(8)7562

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(162)(13)23411177563
Comprehensive income (loss):(162)(13)23411177563
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(5)24(6)(2)(0)
Comprehensive income (loss), net of tax, attributable to parent:(160)(18)23611517362

Statements sources

The financial statements are based on the company's filings with the 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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