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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Item 1. Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
(In thousands, except per share data)
| September 30,2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $159,588 | $71,870 |
| Accounts receivable, net | 96,457 | 91,715 |
| Inventory | 82,228 | 91,135 |
| Prepaid expenses and other current assets | 16,596 | 16,364 |
| Total current assets | 354,869 | 271,084 |
| Property and equipment, net | 2,099,544 | 2,195,758 |
| Equity method investments | 42,988 | 67,130 |
| Other assets | 60,214 | 86,708 |
| Intangible assets, net | 93,243 | 41,095 |
| Goodwill | 100,333 | — |
| Total assets | $2,751,191 | $2,661,775 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Short-term secured debt | $18,260 | $15,000 |
| Accounts payable | 13,561 | 28,671 |
| Accrued expenses and other current liabilities | 55,760 | 54,826 |
| Deferred revenue | 47,733 | 33,057 |
| Total current liabilities | 135,314 | 131,554 |
| Long-term secured debt, net | 1,776,513 | 1,467,490 |
| Deferred income tax liabilities, net | 120,273 | 114,642 |
| Deferred revenue, net of current portion | 39,842 | 43,965 |
| Other long-term liabilities | 15,492 | 16,025 |
| Total liabilities | 2,087,434 | 1,773,676 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value, 300,000 shares authorized, 114,246 and 122,776 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 114 | 123 |
| Additional paid-in capital | 1,003,736 | 1,089,466 |
| Accumulated deficit | (355,471) | (235,397) |
| Accumulated other comprehensive income, net of tax | 15,378 | 33,907 |
| Total stockholders’ equity | 663,757 | 888,099 |
| Total liabilities and stockholders’ equity | $2,751,191 | $2,661,775 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.