Globalstar, Inc. (GSAT)

Globalstar Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	308.23	391.16	56.74	32.08	14.3	13.33
Cash & Short-Term Investments	308.23	391.16	56.74	32.08	14.3	13.33
Cash Growth	379.10%	589.35%	76.87%	124.29%	7.31%	75.26%
Accounts Receivable	24.78	26.95	48.74	26.33	21.18	22.15
Other Receivables	-	2.5	2.2	-	-	-
Receivables	24.78	29.45	50.94	26.33	21.18	22.15
Inventory	11.49	10.74	14.58	9.26	13.83	13.74
Prepaid Expenses	18.91	16.21	20.38	13.57	19.56	15.65
Restricted Cash	-	-	-	-	-	3.63
Total Current Assets	363.39	447.57	142.65	81.24	68.87	68.49
Property, Plant & Equipment	961.33	705.47	658.17	591.23	704.2	730.31
Long-Term Investments	-	-	-	-	-	1.59
Goodwill	-	30.6	-	-	-	-
Other Intangible Assets	143.11	85.21	60.65	30.41	31.91	27.58
Long-Term Accounts Receivable	-	3.52	5.09	16.1	-	-
Long-Term Deferred Charges	-	6.27	6.89	1.77	1.73	2.4
Other Long-Term Assets	441.32	431.61	50.86	17.72	7.41	57.72
Total Assets	1,909	1,710	924.31	738.47	814.11	888.09
Accounts Payable	39.31	5.33	2.49	4.17	6.69	3.5
Accrued Expenses	-	16.85	19.67	14.57	20.93	17.81
Short-Term Debt	-	-	-	59.58	-	-
Current Portion of Long-Term Debt	22.71	34.6	34.6	-	-	58.82
Current Portion of Leases	-	4.29	3	2.75	2.5	1.34
Current Unearned Revenue	51.23	61.2	53.68	74.64	25.93	25.98
Other Current Liabilities	15.99	19.21	62.47	41.37	5.52	6.76
Total Current Liabilities	129.24	141.49	175.91	197.08	61.57	114.22
Long-Term Debt	468.8	476.82	325.7	132.12	237.93	326.59
Long-Term Leases	51.41	26.33	29.24	27.64	29.24	13.74
Long-Term Unearned Revenue	473.31	288.17	3.21	62.88	112.05	3.28
Long-Term Deferred Tax Liabilities	-	0.71	0.33	0.32	0.3	0.76
Other Long-Term Liabilities	425.52	417.84	10.94	3.67	4.3	2.81
Total Liabilities	1,548	1,351	545.33	423.7	448.68	465.03
Common Stock	0.01	0.01	0.01	0.18	0.18	0.17
Additional Paid-In Capital	2,484	2,474	2,439	2,346	2,147	2,097
Retained Earnings	-2,126	-2,128	-2,065	-2,040	-1,783	-1,671
Comprehensive Income & Other	3.03	13.45	5.07	9.24	1.89	-2.94
Shareholders' Equity	360.88	358.88	378.98	314.77	365.43	423.07
Total Liabilities & Equity	1,909	1,710	924.31	738.47	814.11	888.09
Total Debt	542.91	542.04	392.55	222.07	269.67	400.49
Net Cash (Debt)	-234.69	-150.88	-335.8	-189.99	-255.37	-387.16
Net Cash Per Share	-1.86	-1.20	-2.74	-1.58	-2.17	-3.54
Filing Date Shares Outstanding	126.67	126.44	126.67	120.73	119.8	111.86
Total Common Shares Outstanding	126.67	126.42	125.41	120.74	119.77	111.64
Working Capital	234.15	306.09	-33.26	-115.83	7.31	-45.73
Book Value Per Share	2.85	2.84	3.02	2.61	3.05	3.79
Tangible Book Value	217.77	243.08	318.33	284.36	333.53	395.48
Tangible Book Value Per Share	1.72	1.92	2.54	2.36	2.78	3.54
Land	3.6	3.22	2.68	1.68	1.15	3.11
Machinery	1,246	1,285	1,350	1,357	1,519	1,510
Construction In Progress	659.61	387.1	257.12	124.55	54.52	22.63
Leasehold Improvements	2.29	2.18	2.15	2.08	2.09	1.66

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q