Iridium Communications Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
IRDM$44.04+4.8%Stored close · as of Nov 6, 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, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $93,526 | $71,870 |
| Accounts receivable, net | 98,803 | 91,715 |
| Inventory | 81,283 | 91,135 |
| Prepaid expenses and other current assets | 19,118 | 16,364 |
| Total current assets | 292,730 | 271,084 |
| Property and equipment, net | 2,080,544 | 2,195,758 |
| Equity method investments | 42,516 | 67,130 |
| Other assets | 66,618 | 86,708 |
| Intangible assets, net | 90,877 | 41,095 |
| Goodwill | 98,186 | — |
| Total assets | $2,671,471 | $2,661,775 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Short-term secured debt | 33,118 | 15,000 |
| Accounts payable | 19,715 | 28,671 |
| Accrued expenses and other current liabilities | 64,811 | 54,826 |
| Deferred revenue | 51,570 | 33,057 |
| Total current liabilities | 169,214 | 131,554 |
| Long-term secured debt, net | 1,757,767 | 1,467,490 |
| Deferred income tax liabilities, net | 114,140 | 114,642 |
| Deferred revenue, net of current portion | 38,259 | 43,965 |
| Other long-term liabilities | 15,454 | 16,025 |
| Total liabilities | 2,094,834 | 1,773,676 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value, 300,000 shares authorized, 110,357 and 122,776 shares issued and outstanding at December 31, 2024 and 2023, respectively | 110 | 123 |
| Additional paid-in capital | 964,348 | 1,089,466 |
| Accumulated deficit | (406,092) | (235,397) |
| Accumulated other comprehensive income, net of tax | 18,271 | 33,907 |
| Total stockholders’ equity | 576,637 | 888,099 |
| Total liabilities and stockholders’ equity | $2,671,471 | $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.