Iridium Communications Inc
For the period ended Sep 30, 2024. Filed Oct 17, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 17, 2024
IRDM$46.13+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Stockholders’ Equity
(In thousands, except per share amounts)
| Three Months Ended September 30, 2024 · Three Months Ended September 30, 2023 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Additional Paid-In Capital · Accumulated Deficit · AccumulatedOther Comprehensive Income · Total Stockholders’ Equity · Common Stock · Additional Paid-In Capital · Accumulated Deficit · AccumulatedOther Comprehensive Income · Total Stockholders’ Equity | ||||||||||||
| Shares · Amount · Shares · Amount | ||||||||||||
| Balances at beginning of period | 118,518 | $119 | $1,043,691 | $(292,178) | $35,067 | $786,699 | 125,045 | $125 | $1,118,623 | $(170,482) | $51,927 | $1,000,193 |
| Stock-based compensation | — | — | 19,035 | — | — | 19,035 | — | — | 17,654 | — | — | 17,654 |
| Stock options exercised and awards vested | 443 | — | 266 | — | — | 266 | 213 | — | 72 | — | — | 72 |
| Stock withheld to cover employee taxes | (27) | — | (706) | — | — | (706) | (14) | — | (727) | — | — | (727) |
| Repurchases and retirements of common stock | (4,688) | (5) | (42,059) | (87,739) | — | (129,803) | (1,423) | (1) | (13,904) | (61,469) | — | (75,374) |
| Dividends | — | — | (16,491) | — | — | (16,491) | — | — | (16,473) | — | — | (16,473) |
| Cumulative translation adjustments | — | — | — | — | (288) | (288) | — | — | — | — | (712) | (712) |
| Unrealized gain (loss) on cash flow hedges, net of tax | — | — | — | — | (19,401) | (19,401) | — | — | — | — | 2,011 | 2,011 |
| Net income (loss) | — | — | — | 24,446 | — | 24,446 | — | — | — | (1,642) | — | (1,642) |
| Balances at end of period | 114,246 | $114 | $1,003,736 | $(355,471) | $15,378 | $663,757 | 123,821 | $124 | $1,105,245 | $(233,593) | $53,226 | $925,002 |
| Nine Months Ended September 30, 2024 · Nine Months Ended September 30, 2023 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Additional Paid-In Capital · Accumulated Deficit · AccumulatedOther Comprehensive Income · Total Stockholders’ Equity · Common Stock · Additional Paid-In Capital · Accumulated Deficit · AccumulatedOther Comprehensive Income · Total Stockholders’ Equity | |||||||||||||
| Shares · Amount · Shares · Amount | |||||||||||||
| Balances at beginning of period | 122,776 | $123 | $1,089,466 | $(235,397) | $33,907 | $888,099 | 125,902 | $126 | $1,124,610 | $(47,744) | $51,563 | $1,128,555 | |
| Stock-based compensation | — | — | 54,561 | — | — | 54,561 | — | — | 50,761 | — | — | 50,761 | |
| Stock options exercised and awards vested | 1,495 | 1 | 2,871 | — | — | 2,872 | 1,485 | 1 | 3,749 | — | — | 3,750 | |
| Stock withheld to cover employee taxes | (175) | — | (5,130) | — | — | (5,130) | (144) | — | (8,644) | — | — | (8,644) | |
| Repurchases and retirements of common stock | (9,850) | (10) | (88,085) | (196,509) | — | (284,604) | (3,422) | (3) | (31,895) | (163,241) | (195,139) | ||
| Dividends | — | — | (49,947) | — | — | (49,947) | — | — | (33,336) | — | — | (33,336) | |
| Cumulative translation adjustments | — | — | — | — | (1,011) | (1,011) | — | — | — | — | (753) | (753) | |
| Unrealized gain (loss) on cash flow hedges, net of tax | — | — | — | — | (17,518) | (17,518) | — | — | — | — | 2,416 | 2,416 | |
| Net income (loss) | — | — | — | 76,435 | — | 76,435 | — | — | — | (22,608) | — | (22,608) | |
| Balances at end of period | 114,246 | $114 | $1,003,736 | $(355,471) | $15,378 | $663,757 | 123,821 | $124 | $1,105,245 | $(233,593) | $53,226 | $925,002 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.