Iridium Communications Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	88.53	93.53	71.87	168.77	320.91	237.18
Short-Term Investments	-	-	-	-	-	7.55
Cash & Short-Term Investments	88.53	93.53	71.87	168.77	320.91	244.73
Cash Growth	-44.52%	30.13%	-57.42%	-47.41%	31.13%	9.47%
Receivables	94.49	98.8	91.72	82.27	63.41	61.15
Inventory	76.19	81.28	91.14	39.78	29.04	32.48
Prepaid Expenses	13.76	16.26	13.28	11.87	7.3	5.61
Other Current Assets	2.99	2.86	3.08	3.51	3.75	3.85
Total Current Assets	275.96	292.73	271.08	306.2	424.41	347.82
Property, Plant & Equipment	1,993	2,095	2,212	2,450	2,683	2,941
Long-Term Investments	63.45	89.82	133.63	142.15	-	-
Goodwill	98.94	98.19	-	-	-	-
Other Intangible Assets	87.92	90.88	41.1	42.58	44	45.5
Long-Term Deferred Tax Assets	-	1.8	-	-	-	-
Other Long-Term Assets	34.66	3.23	4.08	12.85	29.68	26.57
Total Assets	2,554	2,671	2,662	2,954	3,181	3,361
Accounts Payable	13.15	19.72	28.67	21.37	16.2	14.39
Accrued Expenses	48.57	59.77	50.5	64.18	44.42	45.67
Short-Term Debt	-	33.12	15	16.5	16.5	16.77
Current Portion of Leases	-	5.04	4.33	3.78	3.7	3.84
Current Unearned Revenue	41.53	51.57	33.06	35.74	28.02	32.41
Total Current Liabilities	103.25	169.21	131.55	141.58	108.84	113.07
Long-Term Debt	1,810	1,758	1,467	1,471	1,582	1,597
Long-Term Leases	-	11.06	14.09	15.8	19.59	23.26
Long-Term Unearned Revenue	35.43	38.26	43.97	45.27	48.07	51.26
Long-Term Deferred Tax Liabilities	125.79	114.14	114.64	151.57	134.28	155.08
Other Long-Term Liabilities	29.24	4.4	1.94	0.56	0.56	1.95
Total Liabilities	2,104	2,095	1,774	1,825	1,893	1,942
Common Stock	0.11	0.11	0.12	0.13	0.13	0.13
Additional Paid-In Capital	889.4	964.35	1,089	1,125	1,154	1,161
Retained Earnings	-443.42	-406.09	-235.4	-47.74	140.81	275.92
Comprehensive Income & Other	4.41	18.27	33.91	51.56	-7.05	-17.18
Shareholders' Equity	450.5	576.64	888.1	1,129	1,288	1,419
Total Liabilities & Equity	2,554	2,671	2,662	2,954	3,181	3,361
Total Debt	1,810	1,807	1,501	1,507	1,621	1,641
Net Cash (Debt)	-1,721	-1,713	-1,429	-1,338	-1,300	-1,396
Net Cash Per Share	-15.58	-14.30	-11.23	-10.28	-9.74	-10.46
Filing Date Shares Outstanding	104.75	108.84	122.45	125.97	128.37	134.28
Total Common Shares Outstanding	104.74	110.36	122.78	125.9	131.34	134.06
Working Capital	172.71	123.52	139.53	164.63	315.57	234.75
Book Value Per Share	4.30	5.23	7.23	8.96	9.81	10.59
Tangible Book Value	263.64	387.57	847	1,086	1,244	1,374
Tangible Book Value Per Share	2.52	3.51	6.90	8.63	9.47	10.25
Land	-	8.04	8.04	8.04	8.04	8.04
Buildings	-	39.16	33.43	32.7	30.2	29.92
Machinery	-	3,298	3,295	3,247	3,244	3,242
Construction In Progress	-	280.78	261.23	312.8	266.66	280.49

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