Iridium Communications Inc. IRDM Cash Flow

Iridium communications inc. (IRDM)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net Income (Loss) Attributable to Parent
-161,999	-13,384	233,856	111,032	7,123	74,989	62,517	64,631	41,035	19,941	-42,239
Cash flows from operating activities:
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred Income Tax Expense (Benefit)
-53,897	-8,334	-115,812	63,808	63,376	40,226	47,095	29,549	22,563	13,471	-4,191
Change in market value of warrants
-	-	-	-	-	-	-	-	-	-	-34,117
Depreciation and amortization
297,705	218,207	122,266	49,394	51,834	72,769	74,980	81,110	97,646	90,667	22,376
Loss on extinguishment of debt
111,710	7,292	0	0	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	87,039	0	0	-	-	-	-
Share-based Payment Arrangement, Noncash Expense
15,138	14,490	15,958	13,708	8,603	9,601	6,715	7,332	5,895	5,051	436
Excess tax benefit from stock-based compensation
-	-	-	-	806	0	0	-	-	-	-
Gain from contract liability write-off
0	0	14,189	0	0	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	703	252	13	-525	722	0	0	-
Inventory Write-down
800	300	400	1,053	723	931	1,479	0	0	-	-
Loss on equity method investment
-	-	-	-	-	-4,130	-3,332	-826	0	0	-
Amortization of premiums on marketable securities
-	-	-	888	2,030	709	546	0	0	-	-
Amortization of Debt Issuance Costs
18,904	10,145	0	0	-	-	-	-	-	-	-
Non-cash foreign currency losses (gains), net
-	-	-	-166	-196	-962	0	0	-	-	-
Other Operating Activities, Cash Flow Statement
952	174	45	-	-	-	-	-	-	-	-
Realized loss on sale of marketable securities
-	-	-	-	-	-	-82	0	0	-	-
Gain on disposal of property and equipment
-	-	-	-	-	-	-	-	13	0	0
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-15,400	0
Increase (Decrease) in Accounts Receivable
-2,509	12,783	10,343	6,037	1,843	-3,855	-1,901	-561	7,140	9,089	-5,382
Increase (Decrease) in Inventories
12,951	7,579	1,946	-9,029	169	-251	4,633	11,199	-1,577	-9,002	-15,044
Increase (Decrease) in Prepaid Expense and Other Assets
-7,973	-5,705	-2,875	16,613	3,788	-1,520	7,684	200	-363	1,050	1,683
Income tax receivable
-	-	-	-	-	-679	-3,617	-28	-6,773	10,598	502
Increase (Decrease) in Other Noncurrent Assets
-3,097	1,417	-2,823	2,128	1,253	2,926	4,328	-364	-110	-433	-35
Increase (Decrease) in Accounts Payable
-4,300	-732	896	3,209	3,110	-2,636	-5,603	464	454	3,428	3,584
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities
-4,174	17,560	8,166	-6,416	-7,815	634	9,694	-6,400	-2,417	856	-9,561
Increase (Decrease) in Interest Payable, Net
-12,919	20,237	0	-	-	-	-	-	-	-	-
Increase (Decrease) in Deferred Revenue
-6,435	13,530	15,129	4,115	9,038	10,603	5,612	7,310	7,230	8,188	2,127
Accrued satellite and network operation expense, net of current portion
-	-	-	-1,045	-869	-1,338	-1,338	-1,338	-1,337	5,102	-1,020
Increase (Decrease) in Other Noncurrent Liabilities
-3,170	598	-103	333	698	-100	-10,411	263	10,722	636	-737
Net Cash Provided by (Used in) Operating Activities
198,143	263,709	259,621	225,199	217,479	214,872	183,048	174,023	183,461	151,438	23,168
Cash flows from investing activities:
Changes in investment in trust account
-	-	-	-	-	-	-	-	-	-	-401,838
Cash paid for Acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	39,950
Payment of deferred acquisition consideration
-	-	-	-	-	-	-	-	-	4,636	0
Capital expenditures
117,819	391,390	400,107	405,687	494,810	441,065	403,547	441,654	359,404	237,450	7,351
Payments to Acquire Other Investments
10,000	0	0	-	-	-	-	-	-	-	-
Purchases of marketable securities
0	235,528	7,013	19,865	204,672	275,819	126,408	0	0	-	-
Sales and maturities of marketable securities
0	248,006	34,440	183,192	260,108	90,630	49,119	0	0	-	-
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	67	0	0
Investment in equity method affiliate
-	-	-	-	-	-	5,000	1,888	0	0	-
Net cash used in investing activities
-127,819	-378,912	-372,680	-242,360	-439,374	-626,254	-485,836	-443,542	-359,337	-242,086	354,537
Cash flows from financing activities:
Payment of deferred financing fees
28,803	21,239	3,852	11,806	14,984	17,580	18,716	22,168	33,450	71,787	0
Payments under Iridium Holdings Credit Facility
-	-	-	-	-	-	-	-	-	-	113,594
Proceeds from Lines of Credit
0	0	22,207	251,498	230,421	252,198	287,416	334,654	274,976	135,145	0
Repayments on the Credit Facility, including extinguishments
1,734,965	80,359	0	0	-	-	-	-	-	-	-
Proceeds from Issuance of Long-term Debt
1,450,000	0	0	-	-	-	-	-	-	-	-
Proceeds from Issuance of Unsecured Debt
0	360,000	0	0	-	-	-	-	-	-	-
Debt Instrument, Milestone Payment
0	-59,936	0	0	-	-	-	-	-	-	-
Restricted cash refunds (deposits), net
-	-	-	-	-	15,889	26,990	27,079	-	-	-
Releases from restricted cash
-	-	-	-	-	11,009	0	0	-	-	-
Payment of note payable
-	-	-	-	-	-	-	-	22,223	0	0
Proceeds from exercise of warrants
-	-	-	-	-	-	3	9,114	1	23	0
Change in restricted cash - Credit Facility
-	-	-	-	-	-	-	-	27,034	0	0
Proceeds from exercise of stock options
13,471	12,445	4,235	549	2,154	1,508	25	43	40	21	0
Tax payment upon settlement of stock awards
4,596	1,981	1,865	627	886	83	26	0	0	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	806	0	0	-	-	-	-
Payment of warrant exchange transaction costs
-	-	-	-	-	-	-	2,073	0	0	-
Proceeds from issuance of Preferred Stock, net of issuance costs
-	-	-	-	-	-	-	-	0	0	-
Purchase of stock option warrants
-	-	-	-	-	-	-	-	-	-	-4,940
Purchase of shares of common stock
-	-	-	-	-	-	-	-	-	-	164,884
Purchase of shares of common stock for no-votes
-	-	-	-	-	-	-	-	-	-	-91,700
Payment of underwriting fees
-	-	-	-	-	-	-	-	-	-	4,288
Payment of offering costs
-	-	-	-	-	-	-	-	-	-	850
Proceeds from issuance of common stock, net of issuance costs
-	-	-	-	-	98,897	0	0	-	-	149,600
Payment of preferred stock dividends
-	-	-	-	-	-	-	-	0	0	-
Net cash (used in) provided by financing activities
-313,280	193,503	16,866	224,178	202,075	438,844	234,712	387,571	192,310	63,402	-230,656
Effect of exchange rate changes on cash and cash equivalents
1,230	-1,270	144	512	-755	-2,555	0	0	-	-	-
Net increase in cash and cash equivalents
-241,726	77,030	-96,049	207,529	-20,575	24,907	-68,076	118,052	16,434	-27,246	147,049
Supplemental cash flow information:
Interest Paid, Net of Amounts Capitalized
119,464	35,690	0	22,910	18,878	15,009	11,255	6,971	4,528	0	1,330
Income taxes paid, net
-606	931	1,660	1,391	3,429	184	-2,920	348	-6,296	11,872	339
Supplemental disclosure of non-cash investing activities:
Property and equipment received but not yet paid for
3,975	11,900	90,748	2,753	26,770	16,566	10,690	3,516	14,409	21,093	3,200
Interest capitalized but not yet paid
0	9,194	15,021	14,136	12,232	9,589	7,989	5,359	2,979	0	0
Capitalized amortization of deferred financing costs
2,416	16,306	27,304	28,688	18,372	11,174	25,715	3,896	0	0	-
Capitalized paid-in-kind interest
-	-	-	52,873	43,073	34,147	12,475	16,059	7,012	0	0
Capitalized stock-based compensation
1,503	2,237	2,736	2,265	1,046	1,259	1,034	819	446	191	0
Credit facility repayment in exchange for settlement of hosting
0	35,000	0	0	-	-	-	-	-	-	-
Cost basis investment in exchange for the settlement of accounts receivable
0	3,300	0	0	-	-	-	-	-	-	-
Leasehold improvement incentives
-	-	-	-	-	-	-	-	-	901	0
Contribution of fixed assets to equity method investment
-	-	-	-	-	-	-	1,353	0	0	-
Conversion of subordinated convertible note to equity
-	-	-	-	-	-	-	-	-	-	-19,378
Accrued financing fees
-	-	-	-	-	-	-	-	-	15,959	0
Dividends accrued on Series A Preferred Stock
-	-	-	-	-	-	-	-	-	0	-
Series A Preferred Stock [Member]
Payment of preferred stock dividends
0	7,000	1,750	7,000	-	-	-	-	-	-	-
Series B Preferred Stock [Member]
Payment of preferred stock dividends
8,387	8,427	2,109	8,436	-	-	-	-	-	-	-