Iridium Communications Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
IRDM$45.08+2.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except per share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $71,870 | $168,770 |
| Accounts receivable, net | 91,715 | 82,273 |
| Inventory | 91,135 | 39,776 |
| Prepaid expenses and other current assets | 16,364 | 15,385 |
| Total current assets | 271,084 | 306,204 |
| Property and equipment, net | 2,195,758 | 2,433,305 |
| Equity method investments | 67,130 | 49,853 |
| Other assets | 86,708 | 122,072 |
| Intangible assets, net | 41,095 | 42,577 |
| Total assets | $2,661,775 | $2,954,011 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Short-term secured debt | 15,000 | 16,500 |
| Accounts payable | 28,671 | 21,372 |
| Accrued expenses and other current liabilities | 54,826 | 67,963 |
| Deferred revenue | 33,057 | 35,742 |
| Total current liabilities | 131,554 | 141,577 |
| Long-term secured debt, net | 1,467,490 | 1,470,685 |
| Deferred income tax liabilities, net | 114,642 | 151,569 |
| Deferred revenue, net of current portion | 43,965 | 45,265 |
| Other long-term liabilities | 16,025 | 16,360 |
| Total liabilities | 1,773,676 | 1,825,456 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value, 300,000 shares authorized, 122,776 and 125,902 shares issued and outstanding at December 31, 2023 and 2022, respectively | 123 | 126 |
| Additional paid-in capital | 1,089,466 | 1,124,610 |
| Accumulated deficit | (235,397) | (47,744) |
| Accumulated other comprehensive income, net of tax | 33,907 | 51,563 |
| Total stockholders’ equity | 888,099 | 1,128,555 |
| Total liabilities and stockholders’ equity | $2,661,775 | $2,954,011 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.