Globalstar, Inc. GSAT Income Statement

Globalstar, inc. (GSAT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue:
Revenue from Contract with Customer, Excluding Assessed Tax
133,834	131,718	131,829	128,907	131,442	130,113	127,594	122,360	116,757	112,660	107,628	102,714	99,677	96,861	95,233	93,367	91,304	90,490	89,816	89,579	90,550	90,064	88,965	88,073	83,914	82,711	80,779	78,767	78,913	76,318	74,643	72,293	71,311	72,827	73,663	73,098	0	0	0
Operating expenses:
Inventory Write-down
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	1,397	8,383	8,702	8,984	8,826	0	0	0	-	-
Marketing, general and administrative
44,718	45,233	48,686	50,852	55,774	55,443	52,602	47,086	40,615	38,759	38,859	39,391	41,368	40,559	39,125	38,723	37,432	37,418	37,151	36,259	34,347	33,520	32,107	32,403	30,733	29,888	29,013	27,359	27,800	27,496	20,878	25,702	30,256	33,819	46,915	44,788	0	0	0
Reduction in the value of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,218	7,312	10,350	3,372	3,578	0	0	0	-	-
Gain (Loss) on Contract Termination
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract termination charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-
Depreciation, Amortization and Accretion, Net
95,788	95,772	95,532	96,244	95,008	90,438	86,099	80,776	77,435	77,498	77,549	77,580	77,529	77,390	77,338	77,309	77,356	77,247	77,488	79,118	81,860	86,146	90,870	93,538	93,592	90,592	86,638	81,577	75,398	69,801	63,814	57,266	54,173	50,049	42,813	36,680	0	0	0
Total operating expenses
193,634	195,764	197,228	200,263	184,194	177,492	186,720	174,246	183,030	181,106	162,301	161,428	162,363	160,114	158,018	157,478	156,421	157,094	172,699	174,466	183,055	185,959	179,499	183,088	173,495	170,107	160,348	153,417	177,366	171,311	172,901	174,284	146,716	146,062	137,942	124,973	0	0	0
Loss from operations
-59,800	-64,046	-65,399	-71,356	-52,752	-47,379	-59,126	-51,886	-66,273	-68,446	-54,673	-58,714	-62,686	-63,253	-62,785	-64,111	-65,117	-66,604	-82,883	-84,887	-92,505	-95,895	-90,534	-95,015	-89,581	-87,396	-79,569	-74,650	-98,453	-94,993	-98,258	-101,991	-75,405	-73,235	-64,279	-51,875	0	0	0
Other income (expense):
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	-	-39,846	-37,898	-88,531	-119,287	-109,092	-110,809	-47,240	0	-	0	0	-	-	-	-	-	-	-
Fair Value Adjustment of Warrants
-	-	-	-	-	-	-	-	-	-2,670	-2,722	-6,994	-2,955	-2,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on equity issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Interest income and expense, net of amounts capitalized
-63,604	-62,464	-52,745	-51,632	-49,129	-43,612	-39,155	-34,751	-33,296	-34,771	-35,564	-35,476	-35,675	-35,952	-36,094	-36,247	-36,442	-35,854	-36,161	-36,209	-40,829	-43,233	-61,811	-69,645	-70,997	-67,828	-47,959	-37,623	-26,188	-21,486	-14,606	-9,273	-6,647	-4,809	-2,397	17	0	0	0
Foreign currency (loss) gain
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Derivative (loss) gain
87,244	145,073	77,456	66,359	29,184	81,120	162,193	201,974	126,903	21,182	-86,735	-154,593	-36,964	-41,531	48,581	91,793	288,381	181,860	316,031	428,826	-184,544	-286,049	-597,751	-862,274	-515,894	-305,999	-117,377	-36,316	14,019	6,974	-12,811	27,455	10,884	23,839	24,939	-6,927	0	0	0
Gain on legal settlement
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in subsidiary earnings (loss)
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-3,052	-2,814	-2,767	1,093	-2,732	-3,299	-3,242	-4,958	-3,780	-3,213	-2,926	-3,046	-188	-853	986	-462	-1,599	3,229	2,494	7,033	7,141	3,786	2,123	-2,003	-1,883	-1,954	-2,463	-1,362	-1,770	-2,280	-1,195	-2,632	-1,875	-828	-1,455	-711	0	0	0
Total other (expense) income
11,669	79,915	22,150	16,026	-15,812	40,988	126,575	162,738	85,485	-20,438	-128,809	-186,121	-69,872	-75,936	14,925	49,344	241,574	140,318	274,112	381,382	-248,631	-366,090	-697,092	-1,026,941	-725,770	-502,582	-295,310	-136,510	-13,939	-16,792	-28,612	15,550	2,362	18,202	18,746	-12,169	0	0	0
(Loss) income before income taxes
-48,131	15,869	-43,249	-55,330	-68,564	-6,391	67,449	110,852	19,212	-88,884	-183,482	-244,835	-132,558	-139,189	-47,860	-14,767	176,457	73,714	191,229	296,495	-341,136	-461,985	-787,626	-1,121,956	-815,351	-589,978	-374,879	-211,160	-112,392	-111,785	-126,870	-86,441	-73,043	-55,033	-45,533	-64,044	0	0	0
Income tax expense
539	545	133	144	111	125	97	113	195	190	228	-6,142	-6,698	-6,543	-5,619	799	1,355	1,392	76	50	916	881	2,052	2,081	1,228	1,138	392	330	359	413	85	7	-60	-109	175	232	0	0	0
Net Income (Loss) Attributable to Parent
-48,670	15,324	-43,382	-55,474	-68,675	-6,516	67,352	110,739	19,017	-89,074	-183,710	-238,693	-125,860	-132,646	-42,241	-15,566	175,102	72,322	191,153	296,445	-342,052	-462,866	-789,678	-1,124,037	-816,579	-591,116	-375,271	-211,490	-112,751	-112,198	-126,955	-86,448	-72,983	-54,924	-45,708	-64,276	0	0	0
Other comprehensive income (loss):
Foreign currency translation adjustments
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-
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
116,202	113,386	114,157	109,903	111,198	111,089	110,525	106,696	103,002	98,473	93,249	89,132	85,801	83,069	80,428	78,120	75,766	74,124	72,543	71,410	70,681	69,823	69,436	67,981	65,503	64,644	63,178	61,490	60,231	57,468	55,768	54,598	53,825	55,397	55,163	53,873	0	0	0
Cost of goods and services
36,331	37,456	38,128	38,341	38,472	37,648	37,681	37,567	37,077	37,022	35,332	34,390	33,291	31,908	31,294	30,682	30,772	30,615	30,964	31,071	30,164	29,668	29,223	29,536	29,621	30,210	30,767	29,999	30,336	30,071	37,396	38,315	38,064	37,863	30,679	29,321	0	0	0
Subscriber equipment sales
Revenue from Contract with Customer, Excluding Assessed Tax
17,632	18,332	17,672	19,004	20,244	19,024	17,069	15,664	13,755	14,187	14,379	13,582	13,876	13,792	14,805	15,247	15,538	16,366	17,273	18,169	19,869	20,241	19,529	20,092	18,411	18,067	17,601	17,277	18,682	18,850	18,875	17,695	17,486	17,430	18,500	19,225	0	0	0
Cost of goods and services
15,257	15,763	14,882	14,826	15,418	14,441	12,933	11,412	10,020	9,944	10,211	9,717	9,825	9,907	10,261	10,764	10,861	11,814	12,645	13,567	14,916	14,857	14,188	14,500	13,755	13,623	13,491	13,383	13,497	13,280	13,070	11,901	11,867	11,927	12,650	13,316	0	0	0