Iridium Communications Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	96.5	93.53	71.87	168.77	320.91
Cash & Short-Term Investments	96.5	93.53	71.87	168.77	320.91
Cash Growth	3.18%	30.13%	-57.42%	-47.41%	31.13%
Receivables	93.77	98.8	91.72	82.27	63.41
Inventory	73.76	81.28	91.14	39.78	29.04
Prepaid Expenses	9.24	16.26	13.28	11.87	7.3
Other Current Assets	3.23	2.86	3.08	3.51	3.75
Total Current Assets	276.5	292.73	271.08	306.2	424.41
Property, Plant & Equipment	2,005	2,095	2,212	2,450	2,683
Long-Term Investments	56.77	89.82	133.63	142.15	-
Goodwill	98.94	98.19	-	-	-
Other Intangible Assets	86.93	90.88	41.1	42.58	44
Long-Term Deferred Tax Assets	2.1	-	-	-	-
Other Long-Term Assets	4.46	5.03	4.08	12.85	29.68
Total Assets	2,531	2,671	2,662	2,954	3,181
Accounts Payable	17.68	19.72	28.67	21.37	16.2
Accrued Expenses	45.4	59.77	50.5	64.18	44.42
Short-Term Debt	3.4	33.12	15	16.5	16.5
Current Portion of Leases	4.07	5.04	4.33	3.78	3.7
Current Unearned Revenue	41.13	51.57	33.06	35.74	28.02
Total Current Liabilities	111.67	169.21	131.55	141.58	108.84
Long-Term Debt	1,757	1,758	1,467	1,471	1,582
Long-Term Leases	26.33	11.06	14.09	15.8	19.59
Long-Term Unearned Revenue	40.32	38.26	43.97	45.27	48.07
Long-Term Deferred Tax Liabilities	130.53	114.14	114.64	151.57	134.28
Other Long-Term Liabilities	2.44	4.4	1.94	0.56	0.56
Total Liabilities	2,068	2,095	1,774	1,825	1,893
Common Stock	0.11	0.11	0.12	0.13	0.13
Additional Paid-In Capital	880.64	964.35	1,089	1,125	1,154
Retained Earnings	-418.55	-406.09	-235.4	-47.74	140.81
Comprehensive Income & Other	0.41	18.27	33.91	51.56	-7.05
Shareholders' Equity	462.6	576.64	888.1	1,129	1,288
Total Liabilities & Equity	2,531	2,671	2,662	2,954	3,181
Total Debt	1,791	1,807	1,501	1,507	1,621
Net Cash (Debt)	-1,694	-1,713	-1,429	-1,338	-1,300
Net Cash Per Share	-15.71	-14.30	-11.23	-10.28	-9.74
Filing Date Shares Outstanding	104.96	108.84	122.45	125.97	128.37
Total Common Shares Outstanding	104.92	110.36	122.78	125.9	131.34
Working Capital	164.83	123.52	139.53	164.63	315.57
Book Value Per Share	4.41	5.23	7.23	8.96	9.81
Tangible Book Value	276.73	387.57	847	1,086	1,244
Tangible Book Value Per Share	2.64	3.51	6.90	8.63	9.47
Land	8.04	8.04	8.04	8.04	8.04
Buildings	39.05	39.16	33.43	32.7	30.2
Machinery	3,437	3,298	3,295	3,247	3,244
Construction In Progress	204.06	280.78	261.23	312.8	266.66

Source: S&P Global Market Intelligence. Standard template. Financial Sources.