ORBCOMM Inc. (ORBC) financial statements (2020 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)

12/31/2019
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 investments54543525279268
Cash and cash equivalents54543525279268
Restricted cash and investments    1  
Receivables61584732302314
Inventory, net of allowances, customer advances and progress billings4034422321125
Inventory4034422321125
Other undisclosed current assets181619861262
Total current assets:173161143888525390
Noncurrent Assets
Property, plant and equipment146160174216230181133
Intangible assets, net (including goodwill)2392522661972066632
Goodwill1661661671141124020
Intangible assets, net (excluding goodwill)73869983932612
Restricted cash and investments     12
Other noncurrent assets2313125763
Deferred tax assets, net000 21
Other undisclosed noncurrent assets0    (2) 
Total noncurrent assets:408425452418442254171
TOTAL ASSETS:581586595506527507261
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54516243383512
Accounts payable171629121493
Accrued liabilities37363330242010
Employee-related liabilities     4 
Taxes payable     00
Interest and dividends payable     1 
Deferred revenue4
Deferred revenue and credits67843
Contract with customer, liability6
Other undisclosed current liabilities     (6)(0)
Total current liabilities:58576950463315
Noncurrent Liabilities
Long-term debt and lease obligation24724624514715015045
Long-term debt, excluding current maturities24724624514715015045
Liabilities, other than long-term debt2425352731156
Deferred revenue and credits23632
Deferred revenue7
Contract with customer, liability5
Deferred tax liabilities, net1618191862
Due to related parties111111 
Other liabilities163144662
Other undisclosed noncurrent liabilities15     2
Total noncurrent liabilities:28627128017418116553
Total liabilities:34332934922422719869
Stockholders' equity
Stockholders' equity attributable to parent, including:236257246281299308193
Treasury stock, value (0)(0)(0)(0)(0)(0)
Additional paid in capital448449411387382376255
Accumulated other comprehensive income (loss)(1)(0)0(1)(1)(1)0
Accumulated deficit(211)(193)(166)(105)(81)(68)(63)
Other undisclosed stockholders' equity attributable to parent0000011
Stockholders' equity attributable to noncontrolling interest111100(0)
Total stockholders' equity:238258246282300309193
TOTAL LIABILITIES AND EQUITY:581586595506527507261

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
Revenues2722762541871789674
Revenue, net2541871789674
Cost of revenue
(Cost of Goods and Services Sold)
  (150)(93)(91)(49)(38)
Gross profit:27227610494884836
Operating expenses(120)(117)(101)(90)(71)(39)(32)
Other undisclosed operating income (loss)(146)(162)(43)(19)(24)(10)2
Operating income (loss):6(2)(41)(14)(7)(2)6
Nonoperating income (expense)(19)(19)(21)(8)(5)(3)0
Other nonoperating income (expense)(0)0(0)0000
Interest and debt expense(21)(21)(4)(9)(5)(3)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes212149530
Income (loss) from continuing operations before income taxes:(14)(21)(62)(23)(12)(4)6
Income tax expense (benefit)(4)(5)0(1)(1)(0)(1)
Net income (loss):(18)(26)(61)(23)(13)(5)5
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income (loss) attributable to parent:(18)(26)(61)(24)(13)(5)5
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0) 
Other undisclosed net loss available to common stockholders, basic      (0)
Net income (loss) available to common stockholders, diluted:(18)(26)(61)(24)(13)(5)5

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):(18)(26)(61)(23)(13)(5)5
Other comprehensive income (loss)(1)(1)10(1)(1)(0)
Comprehensive income (loss):(19)(27)(60)(23)(14)(5)4
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income (loss), net of tax, attributable to parent:(19)(27)(60)(23)(14)(6)4

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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