Iridium Communications Inc. (IRDM)

Iridium Communications Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	159.59	71.87	168.77	320.91	237.18	223.56
Short-Term Investments	-	-	-	-	7.55	-
Cash & Short-Term Investments	159.59	71.87	168.77	320.91	244.73	223.56
Cash Growth	135.11%	-57.42%	-47.41%	31.13%	9.47%	-18.21%
Receivables	96.46	91.72	82.27	63.41	61.15	68.7
Inventory	82.23	91.14	39.78	29.04	32.48	39.94
Prepaid Expenses	13.7	13.28	11.87	7.3	5.61	6.39
Other Current Assets	2.9	3.08	3.51	3.75	3.85	4.35
Total Current Assets	354.87	271.08	306.2	424.41	347.82	342.94
Property, Plant & Equipment	2,100	2,212	2,450	2,683	2,941	3,208
Long-Term Investments	84.69	133.63	142.15	-	-	-
Goodwill	100.33	-	-	-	-	-
Other Intangible Assets	93.24	41.1	42.58	44	45.5	46.98
Long-Term Deferred Tax Assets	-	1.8	-	-	-	-
Other Long-Term Assets	18.51	2.28	12.85	29.68	26.57	25.84
Total Assets	2,751	2,662	2,954	3,181	3,361	3,624
Accounts Payable	13.56	28.67	21.37	16.2	14.39	6.71
Accrued Expenses	55.76	50.5	64.18	44.42	45.67	53.69
Short-Term Debt	18.26	15	16.5	16.5	16.77	10.88
Current Portion of Leases	-	4.33	3.78	3.7	3.84	3.4
Current Unearned Revenue	47.73	33.06	35.74	28.02	32.41	39.08
Total Current Liabilities	135.31	131.55	141.58	108.84	113.07	113.75
Long-Term Debt	1,777	1,467	1,471	1,582	1,597	1,766
Long-Term Leases	15.49	14.09	15.8	19.59	23.26	26.86
Long-Term Unearned Revenue	39.84	43.97	45.27	48.07	51.26	67.09
Long-Term Deferred Tax Liabilities	120.27	114.64	151.57	134.28	155.08	188.65
Other Long-Term Liabilities	-	1.94	0.56	0.56	1.95	1.53
Total Liabilities	2,087	1,774	1,825	1,893	1,942	2,164
Common Stock	0.11	0.12	0.13	0.13	0.13	0.13
Additional Paid-In Capital	1,004	1,089	1,125	1,154	1,161	1,134
Retained Earnings	-355.47	-235.4	-47.74	140.81	275.92	331.97
Comprehensive Income & Other	15.38	33.91	51.56	-7.05	-17.18	-6.87
Shareholders' Equity	663.76	888.1	1,129	1,288	1,419	1,459
Total Liabilities & Equity	2,751	2,662	2,954	3,181	3,361	3,624
Total Debt	1,810	1,501	1,507	1,621	1,641	1,808
Net Cash (Debt)	-1,651	-1,429	-1,338	-1,300	-1,396	-1,584
Net Cash Per Share	-13.36	-11.23	-10.28	-9.74	-10.46	-12.65
Filing Date Shares Outstanding	113.85	122.45	125.97	128.37	134.28	131.73
Total Common Shares Outstanding	114.25	122.78	125.9	131.34	134.06	131.63
Working Capital	219.56	139.53	164.63	315.57	234.75	229.18
Book Value Per Share	5.81	7.23	8.96	9.81	10.59	11.09
Tangible Book Value	470.18	847	1,086	1,244	1,374	1,412
Tangible Book Value Per Share	4.12	6.90	8.63	9.47	10.25	10.73
Land	-	8.04	8.04	8.04	8.04	8.04
Buildings	-	33.43	32.7	30.2	29.92	31.05
Machinery	-	3,295	3,247	3,244	3,242	3,243
Construction In Progress	-	261.23	312.8	266.66	280.49	272.39

Source: S&P Capital IQ. Standard template. Financial Sources.