Globalstar, inc. (GSAT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Revenue from Contract with Customer, Excluding Assessed Tax

32,194

31,835

38,614

31,191

30,078

31,946

35,692

33,726

28,749

29,427

30,458

28,123

24,652

24,395

25,544

25,086

21,836

22,767

23,678

23,023

21,022

22,093

23,441

23,994

20,536

20,994

22,549

19,835

19,333

19,062

20,537

19,981

16,738

17,387

18,187

18,999

18,254

18,223

17,622

Operating expenses:
Inventory Write-down

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7,317

-

-

0

0

-

439

660

49

249

7,425

979

331

91

-

-

Marketing, general and administrative

11,091

9,710

12,895

11,022

11,606

13,163

15,061

15,944

11,275

10,322

9,545

9,473

9,419

10,422

10,077

11,450

8,610

8,988

9,675

10,159

8,596

8,721

8,783

8,247

7,769

7,308

9,079

6,577

6,924

6,433

7,425

7,018

6,620

-185

12,249

11,572

10,183

12,911

10,122

Reduction in the value of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,139

79

94

3,038

161

285

-

-

Gain (Loss) on Contract Termination

-

-

0

0

-

-

0

20,478

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract termination charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

22,048

-

-

0

-

-

-

-

Depreciation, Amortization and Accretion, Net

23,817

24,093

24,026

23,852

23,801

23,853

24,738

22,616

19,231

19,514

19,415

19,275

19,294

19,565

19,446

19,224

19,155

19,513

19,417

19,271

19,046

19,754

21,047

22,013

23,332

24,478

23,715

22,067

20,332

20,524

18,654

15,888

14,735

14,537

12,106

12,795

10,611

7,301

5,973

Total operating expenses

46,279

48,889

50,619

47,847

48,409

50,353

53,654

31,778

41,707

59,581

41,180

40,562

39,783

40,776

40,307

41,497

37,534

38,680

39,767

40,440

38,207

54,285

41,534

49,029

41,111

47,825

45,123

39,436

37,723

38,066

38,192

63,385

31,668

39,656

39,575

35,817

31,014

31,536

26,606

Loss from operations

-14,085

-17,054

-12,005

-16,656

-18,331

-18,407

-17,962

1,948

-12,958

-30,154

-10,722

-12,439

-15,131

-16,381

-14,763

-16,411

-15,698

-15,913

-16,089

-17,417

-17,185

-32,192

-18,093

-25,035

-20,575

-26,831

-22,574

-19,601

-18,390

-19,004

-17,655

-43,404

-14,930

-22,269

-21,388

-16,818

-12,760

-13,313

-8,984

Other income (expense):
Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-6,306

-

-

-

0

-

-

-

0

-2,189

-

-231

-12,936

-16,484

-10,195

1,717

-63,569

-47,240

0

-

0

0

-

-

-

-

-

-

-

Fair Value Adjustment of Warrants

-

-

-

-

-

-

-

-

-

0

0

-1,964

-706

-52

-4,272

2,075

-151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on equity issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,920

2,912

-

-

0

748

-

-

2,733

13,969

-

-

0

0

-

-

-

-

-

-

-

Interest income and expense, net of amounts capitalized

-14,010

-22,315

-14,471

-12,808

-12,870

-12,596

-13,358

-10,305

-7,353

-8,139

-8,954

-8,850

-8,828

-8,932

-8,866

-9,049

-9,105

-9,074

-9,019

-9,244

-8,517

-9,381

-9,067

-13,864

-10,921

-27,959

-16,901

-15,216

-7,752

-8,090

-6,565

-3,781

-3,050

-1,210

-1,232

-1,155

-1,212

1,202

1,182

Foreign currency (loss) gain

-8,953

-

-

-

86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

157

Derivative (loss) gain

-821

2,793

50,156

35,116

57,008

-64,824

39,059

-2,059

108,944

16,249

78,840

-77,130

3,223

-91,668

10,982

40,499

-1,344

-1,556

54,194

237,087

-107,865

132,615

166,989

-376,283

-209,370

-179,087

-97,534

-29,903

525

9,535

-16,473

20,432

-6,520

-10,250

23,793

3,861

6,435

-9,150

-8,073

Gain on legal settlement

-

-

0

120

-

-

0

6,779

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in subsidiary earnings (loss)

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-333

-664

-2,529

474

-95

-617

1,331

-3,351

-662

-560

-385

-2,173

-95

-273

-505

685

-760

1,566

-1,953

-452

4,068

831

2,586

-344

713

-832

-1,540

-224

642

-1,341

-439

-632

132

-256

-1,876

125

1,179

-883

-1,132

Total other (expense) income

-24,117

-20,272

33,156

22,902

44,129

-78,037

27,032

-8,936

100,929

7,550

63,195

-86,189

-4,994

-100,821

5,883

30,060

-11,058

-9,960

40,302

222,290

-112,314

123,834

147,572

-407,723

-229,773

-207,168

-182,277

-106,552

-6,585

104

-23,477

16,019

-9,438

-11,716

20,685

2,831

6,402

-11,172

-10,230

(Loss) income before income taxes

-38,202

-37,326

21,151

6,246

25,798

-96,444

9,070

-6,988

87,971

-22,604

52,473

-98,628

-20,125

-117,202

-8,880

13,649

-26,756

-25,873

24,213

204,873

-129,499

91,642

129,479

-432,758

-250,348

-233,999

-204,851

-126,153

-24,975

-18,900

-41,132

-27,385

-24,368

-33,985

-703

-13,987

-6,358

-24,485

-19,214

Income tax expense

21

421

40

57

27

9

51

24

41

-19

67

106

36

19

-6,303

-450

191

943

115

106

228

-373

89

972

193

798

118

119

103

52

56

148

157

-276

-22

81

108

8

35

Net Income (Loss) Attributable to Parent

-38,223

-37,747

21,111

6,189

25,771

-96,453

9,019

-7,012

87,930

-22,585

52,406

-98,734

-20,161

-117,221

-2,577

14,099

-26,947

-26,816

24,098

204,767

-129,727

92,015

129,390

-433,730

-250,541

-234,797

-204,969

-126,272

-25,078

-18,952

-41,188

-27,533

-24,525

-33,709

-681

-14,068

-6,466

-24,493

-19,249

Other comprehensive income (loss):
Foreign currency translation adjustments

5,303

-

1,022

-498

-270

-

500

2,630

-330

-

-902

-45

-821

-

84

-925

-651

-

-615

447

-1,290

-

-493

857

-1,235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income

-32,920

-

22,133

5,691

25,501

-

9,519

-4,382

87,600

-

51,504

-98,779

-20,982

-

-2,493

13,174

-27,598

-

23,483

205,214

-131,017

-

128,897

-432,873

-251,776

-

-204,417

-126,353

-25,648

-

-40,069

-27,443

-24,066

-

-815

-14,321

-6,220

-

-

Earnings Per Share [Abstract]
Basic (USD per share)

-0.02

-0.02

0.01

0.00

0.02

-0.08

0.01

-0.01

0.07

-0.01

0.04

-0.09

-0.02

-0.10

0.00

0.01

-0.03

-0.02

0.02

0.20

-0.13

0.14

0.13

-0.48

-0.29

-0.36

-0.30

-0.25

-0.05

-0.05

-0.10

-0.07

-0.07

-0.11

0.00

-0.05

-0.02

-0.09

-0.07

Diluted (USD per share)

-0.02

-0.05

-0.01

0.01

-0.02

-0.04

-0.02

-0.01

0.06

-0.01

0.04

-0.09

-0.02

-0.10

0.00

0.01

-0.03

0.01

0.02

0.17

-0.13

0.16

0.11

-0.48

-0.29

-0.36

-0.30

-0.25

-0.05

-0.05

-0.10

-0.07

-0.07

-0.11

0.00

-0.05

-0.02

-0.09

-0.07

Weighted-average shares outstanding:
Basic (in shares)

1,557,960

1,452,671

1,451,703

1,450,380

1,448,318

1,287,968

1,264,516

1,263,372

1,262,336

1,253,378

1,169,993

1,128,985

1,113,968

1,087,050

1,080,313

1,049,381

1,041,028

1,038,436

1,031,398

1,009,917

1,000,845

995,441

987,668

904,994

849,321

817,934

673,546

496,169

472,187

424,617

392,344

379,433

357,418

608,264

295

294,963

293,053

287,502

282,080

Diluted (in shares)

1,557,960

1,700,331

1,647,734

1,640,442

1,632,257

949,692

1,427,800

1,263,372

1,437,328

1,077,466

1,345,905

1,128,985

1,113,968

886,759

1,080,313

1,249,672

1,041,028

1,480,730

1,234,551

1,205,450

1,000,845

793,919

1,189,190

904,994

849,321

817,934

673,546

496,169

472,187

424,617

392,344

379,433

357,418

608,264

295

294,963

293,053

287,502

282,080

Service revenue
Revenue from Contract with Customer, Excluding Assessed Tax

28,935

26,415

34,152

26,700

26,119

27,186

29,898

27,995

26,010

26,622

26,069

24,301

21,481

21,398

21,952

20,970

18,749

18,757

19,644

18,616

17,107

17,176

18,511

17,887

16,249

16,789

17,056

15,409

15,390

15,323

15,368

14,150

12,627

13,623

14,198

13,377

14,199

13,389

12,908

Cost of goods and services

8,728

8,992

9,216

9,395

9,853

9,664

9,429

9,526

9,029

9,697

9,315

9,036

8,974

8,007

8,373

7,937

7,591

7,393

7,761

8,027

7,434

7,742

7,868

7,120

6,938

7,297

8,181

7,205

7,527

7,854

7,413

7,542

7,262

15,179

8,332

7,291

7,061

7,995

6,974

Subscriber equipment sales
Revenue from Contract with Customer, Excluding Assessed Tax

3,259

5,420

4,462

4,491

3,959

4,760

5,794

5,731

2,739

2,805

4,389

3,822

3,171

2,997

3,592

4,116

3,087

4,010

4,034

4,407

3,915

4,917

4,930

6,107

4,287

4,205

5,493

4,426

3,943

3,739

5,169

5,831

4,111

3,764

3,989

5,622

4,055

4,834

4,714

Cost of goods and services

2,643

4,554

4,482

3,578

3,149

3,673

4,426

4,170

2,172

2,165

2,905

2,778

2,096

2,432

2,411

2,886

2,178

2,786

2,914

2,983

3,131

3,617

3,836

4,332

3,072

2,948

4,148

3,587

2,940

2,816

4,040

3,701

2,723

2,606

2,871

3,667

2,783

3,329

3,537