ORBCOMM Inc. (ORBC) financial statements (2021 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
SIC 4899 - Communications Services, 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
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40545435252792
Cash and cash equivalents40545435252792
Restricted cash and investments     1 
Receivables51615847323023
Inventory, net of allowances, customer advances and progress billings30403442232112
Inventory30403442232112
Other undisclosed current assets1518161986126
Total current assets:1361731611438885253
Noncurrent Assets
Property, plant and equipment128146160174216230181
Intangible assets, net (including goodwill)22723925226619720666
Goodwill16616616616711411240
Intangible assets, net (excluding goodwill)61738699839326
Restricted cash and investments      1
Deferred income tax assets0 
Other noncurrent assets20231312576
Deferred tax assets, net000 2
Other undisclosed noncurrent assets 0    (2)
Total noncurrent assets:375408425452418442254
TOTAL ASSETS:511581586595506527507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46545162433835
Accounts payable1417162912149
Accrued liabilities32373633302420
Employee-related liabilities      4
Taxes payable      0
Interest and dividends payable      1
Deferred revenue54
Debt10      
Deferred revenue and credits6784
Contract with customer, liability6
Other undisclosed current liabilities      (6)
Total current liabilities:61585769504633
Noncurrent Liabilities
Long-term debt and lease obligation207247246245147150150
Long-term debt, excluding current maturities207247246245147150150
Liabilities, other than long-term debt33242535273115
Deferred revenue and credits2363
Deferred revenue47
Contract with customer, liability5
Deferred tax liabilities, net161819186
Deferred income tax liabilities13 
Due to related parties1111111
Other liabilities1416314466
Other undisclosed noncurrent liabilities 15     
Total noncurrent liabilities:240286271280174181165
Total liabilities:301343329349224227198
Stockholders' equity
Stockholders' equity attributable to parent, including:208236257246281299308
Treasury stock, value  (0)(0)(0)(0)(0)
Additional paid in capital451448449411387382376
Accumulated other comprehensive income (loss)1(1)(0)0(1)(1)(1)
Accumulated deficit(245)(211)(193)(166)(105)(81)(68)
Other undisclosed stockholders' equity attributable to parent0000001
Stockholders' equity attributable to noncontrolling interest1111100
Total stockholders' equity:209238258246282300309
TOTAL LIABILITIES AND EQUITY:511581586595506527507

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues24827227625418717896
Revenue, net25418717896
Cost of revenue
(Cost of Goods and Services Sold)
   (150)(93)(91)(49)
Gross profit:248272276104948848
Operating expenses(121)(120)(117)(101)(90)(71)(39)
Other undisclosed operating loss(128)(146)(162)(43)(19)(24)(10)
Operating income (loss):(0)6(2)(41)(14)(7)(2)
Nonoperating expense(32)(19)(19)(21)(8)(5)(3)
Interest and debt expense(3)(21)(21)(4)(9)(5)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes321214953
Loss from continuing operations before income taxes:(32)(14)(21)(62)(23)(12)(4)
Income tax expense (benefit)(2)(4)(5)0(1)(1)(0)
Net loss:(34)(18)(26)(61)(23)(13)(5)
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net loss attributable to parent:(34)(18)(26)(61)(24)(13)(5)
Preferred stock dividends and other adjustments (0)(0)(0)(0)(0)(0)
Net loss available to common stockholders, diluted:(34)(18)(26)(61)(24)(13)(5)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(34)(18)(26)(61)(23)(13)(5)
Other comprehensive income (loss)2(1)(1)10(1)(1)
Comprehensive loss:(32)(19)(27)(60)(23)(14)(5)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(32)(19)(27)(60)(23)(14)(6)

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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