Iridium Communications Cash Flow Statement

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
Net Income	114.37	112.78	15.42	8.72	-9.32
Depreciation & Amortization	210.21	203.13	282.5	303.48	305.43
Other Amortization	2.78	2.52	3.74	4.6	4.2
Asset Writedown & Restructuring Costs	-	-	37.5	-	-
Loss (Gain) on Equity Investments	2.82	-15.25	6.09	1.5	-
Stock-Based Compensation	51.58	63.46	57.46	43.73	26.78
Other Operating Activities	26	7.28	-31.1	0.64	-20.6
Change in Accounts Receivable	5.58	-6.37	-9.54	-18.71	-1.82
Change in Inventory	4.71	9.82	-50.96	-10.18	3.59
Change in Accounts Payable	-4.71	-18.81	2.76	4.73	-2.17
Change in Unearned Revenue	-10.24	6.85	-2.96	4.87	-7.53
Change in Other Net Operating Assets	-3.03	10.56	4.01	1.35	4.3
Operating Cash Flow	400.07	375.96	314.91	344.73	302.87
Operating Cash Flow Growth	6.42%	19.38%	-8.65%	13.82%	21.26%
Capital Expenditures	-100.28	-69.89	-73.49	-71.27	-42.15
Cash Acquisitions	-	-110.71	-	-	-
Investment in Securities	-	-	-10	-50	5.77
Investing Cash Flow	-100.28	-180.6	-83.49	-121.27	-36.38
Short-Term Debt Issued	50	-	-	-	-
Long-Term Debt Issued	-	419.78	63.94	-	179.29
Total Debt Issued	50	419.78	63.94	-	179.29
Short-Term Debt Repaid	-50	-	-	-	-
Long-Term Debt Repaid	-33.02	-114.19	-72.32	-116.5	-195.79
Total Debt Repaid	-83.02	-114.19	-72.32	-116.5	-195.79
Net Debt Issued (Repaid)	-33.02	305.59	-8.38	-116.5	-16.5
Issuance of Common Stock	1.13	3.44	3.96	3.87	7.44
Repurchase of Common Stock	-205.16	-414.43	-256.7	-262.35	-169.36
Common Dividends Paid	-62.85	-64.74	-64.77	-	-
Dividends Paid	-62.85	-64.74	-64.77	-	-
Other Financing Activities	-	-0.35	-1.16	-	-4.05
Financing Cash Flow	-299.91	-170.48	-327.05	-374.98	-182.47
Foreign Exchange Rate Adjustments	3.09	-3.22	-1.27	-0.63	-0.29
Net Cash Flow	2.98	21.66	-96.9	-152.14	83.74
Free Cash Flow	299.79	306.07	241.43	273.46	260.73
Free Cash Flow Growth	-2.05%	26.77%	-11.71%	4.88%	23.52%
Free Cash Flow Margin	34.39%	36.84%	30.53%	37.93%	42.43%
Free Cash Flow Per Share	2.78	2.56	1.90	2.10	1.95
Cash Interest Paid	90.16	95.31	91.94	63.88	72.2
Cash Income Tax Paid	7.01	5.25	4.23	2.22	1.78
Levered Free Cash Flow	245.67	282.22	213.04	283.76	272.79
Unlevered Free Cash Flow	301.34	340.77	270.08	322.6	314.78
Change in Working Capital	-7.69	2.05	-56.69	-17.94	-3.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.