Iridium Communications Inc (IRDM) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments237224273298410389
Cash and cash equivalents237224273286371186
Short-term investments   1239203
Receivables616971685752
Inventory, net of allowances, customer advances and progress billings324028201828
Inventory324028201828
Other undisclosed current assets171118253113
Total current assets:348343390411517482
Noncurrent Assets
Property, plant and equipment2,9173,1813,3713,2102,8132,444
Intangible assets, net (including goodwill)464749504647
Intangible assets, net (excluding goodwill)464749504647
Restricted cash and investments  19210211391
Deferred costs     133
Other noncurrent assets5153138118
Total noncurrent assets:3,0133,2813,6243,3712,9832,723
TOTAL ASSETS:3,3613,6244,0143,7823,5003,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities646499904965
Accounts payable14713431132
Accrued liabilities494957322429
Interest and dividends payable082915144
Deferred revenue3239
Debt17 12686  
Deferred revenue and credits383437
Other undisclosed current liabilities 1137   
Total current liabilities:11311426321483102
Noncurrent Liabilities
Long-term debt and lease obligation1,5971,4131,8301,6181,6571,522
Long-term debt, excluding current maturities1,5971,4131,8301,6181,6571,522
Liabilities, other than long-term debt7696246353402338
Deferred revenue and credits483629
Deferred revenue5167
Deferred tax liabilities, net241246362297
Other liabilities2529460412
Other undisclosed noncurrent liabilities15554275 1314
Total noncurrent liabilities:1,8282,0512,1501,9712,0731,874
Total liabilities:1,9422,1642,4132,1862,1561,976
Stockholders' equity
Stockholders' equity attributable to parent1,4191,4591,6021,5961,3441,229
Common stock000000
Additional paid in capital1,1611,1341,1091,0811,0601,044
Accumulated other comprehensive loss(17)(7)(9)(4)(5)(9)
Retained earnings276332502519289193
Total stockholders' equity:1,4191,4591,6021,5961,3441,229
TOTAL LIABILITIES AND EQUITY:3,3613,6244,0143,7823,5003,204

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues583560523448434411
Revenue, net448434411
Cost of revenue(444)(441)(359)(247)(158)(1)
Cost of goods and services sold (1)(0)(44)(45)(1)
Gross profit:139119164201276411
Operating expenses(104)(109)(122)(100)(100)(338)
Other undisclosed operating income   14 1
Operating income:35104211517674
Nonoperating income (expense)(124)(228)(62)42(1)
Other nonoperating income (expense)0(1)0(0)0(0)
Interest and debt expense(4)(112)714(78) 
Income (loss) from continuing operations before equity method investments, income taxes:(93)(330)(13)13410073
Other undisclosed income (loss) from continuing operations before income taxes4112(7)(14)78 
Income (loss) from continuing operations before income taxes:(89)(218)(21)12017873
Income tax expense (benefit)33567114(67)(66)
Net income (loss) attributable to parent:(56)(162)(13)2341117
Undistributed earnings (loss) allocated to participating securities, basic   (0)
Other undisclosed net loss available to common stockholders, basic (4)(10)(15)(15)(15)
Net income (loss) available to common stockholders, basic:(56)(166)(24)21896(8)
Other undisclosed net income available to common stockholders, diluted   1515 
Net income (loss) available to common stockholders, diluted:(56)(166)(24)234111(8)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(56)(162)(13)2341117
Comprehensive income (loss):(56)(162)(13)2341117
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10)2(5)24(6)
Comprehensive income (loss), net of tax, attributable to parent:(66)(160)(18)2361151

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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