Iridium Communications Inc. IRDM Balance Sheet

Iridium communications inc. (IRDM)

Balance Sheet / 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	Dec'10
Assets
Current assets:
Cash and cash equivalents
67	223	171	175	275	273	381	176	430	285	330	335	386	371	374	366	287	185	290	198	217	211	307	336	184	186	196	196	205	254	189	166	146	136	124	103	119
Marketable securities
-	-	-	-	-	-	0	199	20	11	20	21	32	39	52	76	124	203	221	277	270	261	215	164	70	76	73	78	66	0	-	-	-	-	-	-	-
Accounts receivable, net
64	68	70	91	68	71	73	74	75	68	61	63	57	57	61	58	53	51	50	56	50	50	60	70	58	54	64	55	57	56	54	59	58	57	59	59	50
Inventory
37	39	38	37	35	27	22	20	20	20	17	20	17	18	21	22	25	27	31	32	27	28	29	28	29	29	28	28	26	26	24	18	16	15	14	14	16
Deferred income tax assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	15	26	11	15	5	4	9	9	9	21	21	9	9	9	9	5	5	5
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	1	1	4	4	4	4	4	6	6	11
Prepaid expenses and other current assets
10	10	13	16	17	18	20	25	26	25	23	22	22	30	21	12	15	13	13	10	9	10	10	11	12	13	4	5	5	4	5	6	5	4	4	5	4
Total current assets
180	342	293	320	396	390	497	495	572	411	452	462	516	516	531	536	506	481	621	591	602	573	638	616	361	369	378	376	383	367	287	264	240	227	215	195	208
Property and equipment, net
3,110	3,180	3,238	3,303	3,336	3,370	3,356	3,334	3,291	3,210	3,170	3,111	2,879	2,813	2,696	2,576	2,516	2,443	2,229	2,140	2,015	1,971	1,689	1,654	1,626	1,575	1,451	1,345	1,242	1,210	1,010	1,008	954	843	727	717	566
Restricted cash and cash equivalents
-	-	195	194	193	191	190	189	189	102	102	135	135	113	113	102	102	91	88	88	88	86	86	83	94	81	81	67	67	54	54	40	40	27	-	-	0
Intangible assets, net
46	46	47	47	48	48	48	49	49	50	50	50	51	45	45	46	46	46	46	46	47	47	47	50	54	57	60	63	67	70	73	77	80	83	86	90	96
Other assets
53	52	51	50	51	12	12	10	9	8	9	10	10	10	11	11	7	8	8	8	7	7	8	7	11	8	7	8	6	2	0	0	0	0	27	14	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132	132	133	136	128	129	128	130	127	125	122	123	115	114	107	105	99	95	87
Goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87	87	87	87	87	87	87	87	87	87	87	87	87	87	87	87	87	87	87
Total assets
3,391	3,623	3,827	3,917	4,026	4,014	4,106	4,079	4,111	3,782	3,784	3,770	3,593	3,499	3,398	3,273	3,179	3,071	3,214	3,096	2,981	2,909	2,685	2,630	2,363	2,309	2,193	2,074	1,976	1,916	1,629	1,592	1,511	1,374	1,245	1,200	1,047
Liabilities and stockholders' equity
Current liabilities:
Short-term secured debt
16	10	216	171	225	126	180	108	72	85	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
8	6	13	12	17	12	12	25	35	43	54	128	10	11	37	11	8	31	34	27	6	17	11	15	6	12	9	14	27	13	13	48	115	24	5	53	28
Accrued expenses and other current liabilities
26	49	35	33	35	56	47	40	49	32	31	28	23	23	29	31	27	29	33	33	38	38	41	37	40	39	39	35	35	26	32	31	36	29	38	31	50
Interest payable
0	7	17	28	58	29	63	31	37	15	36	14	35	14	9	4	9	3	8	10	24	9	21	8	20	7	16	6	14	5	11	4	7	5	-	-	5
Note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	22
Deferred revenue
36	39	40	39	39	37	21	21	19	38	40	36	34	34	37	37	36	36	36	38	36	36	38	40	39	41	44	44	42	42	41	38	36	35	34	33	28
Total current liabilities
89	113	323	284	376	262	325	227	213	214	163	208	104	83	114	85	81	101	112	109	105	102	112	102	107	101	110	101	119	88	98	123	195	95	79	118	133
Accrued satellite operations and maintenance expense, net of current portion
-	-	-	-	-	-	-	-	-	-	0	-	-	13	13	13	13	14	14	14	14	15	15	15	16	16	16	17	17	17	18	18	18	19	-	-	20
Long-term secured debt, net
1,606	1,412	1,279	1,390	1,385	1,478	1,505	1,571	1,627	1,618	1,695	1,688	1,684	1,657	1,546	1,519	1,460	1,388	1,444	1,393	1,313	1,291	1,089	1,084	1,064	1,039	936	853	751	751	588	567	441	417	325	265	135
Long-term senior unsecured notes, net
0	352	352	351	351	350	350	350	350	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax liabilities, net
175	188	222	223	231	241	259	260	253	246	400	390	379	361	344	326	311	296	290	277	272	245	241	219	208	202	184	174	175	167	144	134	126	126	119	110	100
Deferred revenue, net of current portion
61	67	61	63	64	74	61	58	54	47	43	37	37	36	32	27	28	28	29	20	20	20	-	-	-	7	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
43	29	28	29	30	4	4	4	4	59	32	33	4	4	27	13	25	12	22	3	3	3	16	17	10	3	20	20	20	13	14	13	13	13	29	27	2
Total liabilities
1,977	2,164	2,267	2,344	2,439	2,412	2,506	2,473	2,503	2,185	2,335	2,358	2,209	2,155	2,079	1,986	1,921	1,842	1,912	1,819	1,730	1,677	1,475	1,439	1,407	1,370	1,268	1,166	1,084	1,039	864	857	795	672	553	521	392
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	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
Stockholders' equity:
Preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.001 par value, 300,000 shares authorized; 132,217 and 131,632 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
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	0	0	0	0	0	0	0	0	0
Additional paid-in capital
1,136	1,134	1,126	1,121	1,110	1,108	1,098	1,091	1,085	1,081	1,075	1,069	1,063	1,060	1,055	1,051	1,046	1,044	1,041	1,040	1,036	1,033	1,028	1,025	803	801	800	798	795	793	696	685	683	681	680	678	675
Retained earnings
300	331	439	457	483	501	509	522	526	518	376	347	322	288	268	240	217	193	266	240	218	201	182	165	153	138	124	110	96	83	68	49	32	20	11	-0	-20
Accumulated other comprehensive loss, net of tax
-22	-6	-7	-6	-8	-8	-7	-6	-3	-3	-3	-4	-3	-5	-5	-5	-7	-9	-7	-4	-4	-2	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	0
Total stockholders' equity
1,413	1,459	1,559	1,572	1,586	1,601	1,599	1,606	1,608	1,596	1,448	1,412	1,383	1,343	1,318	1,286	1,257	1,228	1,301	1,276	1,250	1,231	1,210	1,190	956	939	925	907	891	876	764	735	715	702	691	678	654
Total liabilities and stockholders' equity
3,391	3,623	3,827	3,917	4,026	4,014	4,106	4,079	4,111	3,782	3,784	3,770	3,593	3,499	3,398	3,273	3,179	3,071	3,214	3,096	2,981	2,909	2,685	2,630	2,363	2,309	2,193	2,074	1,976	1,916	1,629	1,592	1,511	1,374	1,245	1,200	1,047
Series A Preferred Stock [Member]
Preferred stock
-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B Preferred Stock [Member]
Preferred stock
-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-