Iridium communications inc. (IRDM)
Income statement / TTM
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:
Total revenue

572,046

560,444

553,735

545,714

537,545

523,008

506,312

486,095

462,768

448,046

440,026

436,273

433,864

433,640

432,609

425,849

418,573

411,378

405,471

406,930

407,532

408,557

406,253

399,329

391,492

382,649

376,726

376,598

379,235

383,520

386,213

387,896

386,478

384,307

383,857

365,707

0

0

0

Operating expenses:
Cost of Services, Net

94,415

94,958

93,903

92,548

89,585

86,016

85,009

83,666

82,390

80,396

75,880

70,933

66,013

64,958

65,401

63,455

61,327

60,306

57,972

60,354

62,764

62,085

63,193

61,597

59,073

59,346

56,404

55,628

57,410

60,937

64,705

68,475

72,245

71,181

72,080

73,331

0

0

0

Research and development

13,143

14,310

17,940

20,176

21,457

22,429

20,232

19,155

16,603

15,247

14,691

15,748

16,747

16,079

15,726

14,168

14,577

16,144

17,939

19,369

19,592

17,587

16,300

14,515

11,611

11,149

9,309

9,807

11,495

15,525

20,656

20,155

20,105

18,684

13,080

18,090

0

0

0

Selling, general and administrative

90,149

93,165

91,574

95,895

99,192

97,846

100,322

91,538

87,683

84,405

80,518

80,814

82,706

82,552

84,778

83,545

79,984

81,445

79,480

80,223

79,974

78,636

76,120

76,133

76,039

75,218

70,073

68,235

67,806

67,589

68,079

68,084

66,411

65,682

66,485

66,731

0

0

0

Depreciation and amortization

300,735

297,705

289,728

277,293

252,656

218,207

216,710

177,514

147,224

122,266

68,458

57,323

49,965

49,394

50,315

51,438

51,415

51,834

52,261

59,006

65,858

72,769

78,390

78,090

77,015

74,980

74,259

75,366

75,137

81,110

86,923

93,223

98,519

97,646

96,436

92,101

0

0

0

Total operating expenses

548,471

550,324

543,758

537,737

516,964

481,355

478,467

426,179

383,455

346,759

283,193

267,754

259,358

257,269

346,377

342,846

334,965

337,575

251,284

266,269

279,492

285,646

288,926

285,564

278,592

272,755

262,065

259,700

262,911

278,446

296,404

305,577

311,690

307,306

301,779

301,869

0

0

0

Gain Loss From Derecognition Of Purchase Accounting Liability And Operations And Maintenance Agreement

-

-

-

-

-

-

-

-

-

14,200

14,189

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

23,575

10,120

9,977

7,977

20,581

41,653

27,845

59,916

79,313

115,476

171,022

182,708

188,695

176,371

86,232

83,003

83,608

73,803

154,187

140,661

128,040

122,911

117,327

113,765

112,900

109,894

114,661

116,898

116,324

105,074

89,809

82,319

74,788

77,001

82,078

63,838

0

0

0

Other expense, net:
Interest expense, net

-116,243

-115,396

-102,930

-92,582

-76,581

-55,149

-35,878

-14,487

-670

4,328

3,587

3,041

3,009

2,934

3,035

2,598

2,590

3,069

3,308

4,307

4,240

3,640

3,065

2,360

2,276

2,276

2,319

2,161

1,641

1,072

963

842

983

1,200

906

856

0

0

0

Loss on Extinguishment of Debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Undrawn credit facility fees

-

-

-

-

-

-

-

-

-

-

-

-

868

-

1,844

2,313

2,875

3,289

4,033

4,713

5,243

5,825

6,119

6,551

7,111

7,708

8,385

8,987

9,549

10,232

9,808

10,383

11,005

12,524

0

0

0

-

-

Other expense, net

-360

-1,133

-510

-915

-224

139

-371

-12

-133

-232

-1,637

-1,578

-1,189

-1,140

2

-149

-267

-468

119

-134

-4,138

-4,274

4,865

4,129

7,049

6,003

-4,256

-3,222

-2,384

-896

-42

7

74

-96

-66

-70

0

0

0

Total other expense, net

-258,315

-228,239

-110,939

-100,996

-84,304

-62,302

-36,224

-14,474

-778

4,096

3,101

2,309

2,298

1,794

1,193

136

-552

-688

-606

-540

-5,141

-6,459

1,811

-62

2,214

571

-10,322

-10,048

-10,292

-10,056

-8,887

-9,534

-9,948

-11,420

-9,725

-6,716

0

0

0

Loss before income taxes

-234,740

-218,119

-100,962

-93,019

-63,723

-20,649

-8,379

45,442

78,535

119,572

174,123

185,017

190,993

178,165

87,425

83,139

83,056

73,115

153,581

140,121

122,899

116,452

119,138

113,703

115,114

110,465

104,339

106,850

106,032

95,018

80,922

72,785

64,840

65,581

72,353

57,122

0

0

0

Income tax benefit

-59,063

-56,120

-39,238

-36,451

-20,843

-7,265

-144,454

-132,742

-128,845

-114,284

58,041

66,633

70,533

67,133

69,927

67,649

68,432

65,992

53,988

49,687

43,434

41,463

51,603

49,971

50,988

47,948

40,696

41,953

38,885

30,387

23,962

21,651

19,686

24,546

29,672

23,254

0

0

0

Net loss

-175,677

-161,999

-61,724

-56,568

-42,880

-13,384

136,075

178,184

207,380

233,856

116,082

118,384

120,460

111,032

17,498

15,490

14,624

7,123

99,593

90,434

79,465

74,989

67,535

63,732

64,126

62,517

63,643

64,897

67,147

64,631

56,960

51,134

45,154

41,035

42,681

33,868

0

0

0

Dividends, Preferred Stock, Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Net loss attributable to common stockholders

-177,774

-166,193

-68,015

-64,943

-51,267

-23,533

124,164

164,498

191,944

218,420

100,646

102,948

105,024

95,596

2,062

54

-812

-8,313

84,157

74,998

65,036

62,669

57,324

55,630

57,126

55,517

56,701

59,705

63,705

62,939

0

0

0

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic and Diluted

132,645

-

131,688

-

113,038

-

111,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

-0.24

-

-0.14

-

-0.18

-

-0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding - basic

-

-

-

123,315

-

-

-

111,111

100,686

98,604

98,290

97,989

96,853

96,232

96,067

95,913

95,656

95,480

95,317

95,064

94,527

94,397

94,048

86,793

77,082

77,006

76,962

76,900

76,768

75,749

74,376

73,430

73,401

73,423

73,354

71,519

70,360

70,303

70

Weighted average shares outstanding - diluted

-

-

-

123,315

-

-

-

111,111

104,345

132,019

127,188

126,943

126,370

129,310

123,690

123,465

123,035

12,183

122,696

123,196

122,313

132,720

121,516

95,653

87,711

87,526

87,591

87,530

87,397

85,199

76,131

76,061

75,337

73,357

74,558

73,653

72,668

74,040

72

Net income (loss) attributable to common stockholders per share - basic

-

-

-

-0.16

-

-

-

-0.06

0.08

1.41

0.26

0.21

0.35

0.21

0.29

0.24

0.26

-0.77

0.27

0.23

0.18

0.20

0.18

0.14

0.19

0.18

0.19

0.18

0.17

0.20

0.24

0.24

0.17

0.13

0.16

0.16

0.12

0.15

0.05

Net income (loss) attributable to common stockholders per share - diluted

-

-

-

-0.16

-

-

-

-0.06

0.07

1.09

0.23

0.20

0.30

0.18

0.26

0.22

0.23

-0.71

0.24

0.21

0.17

0.19

0.17

0.14

0.19

0.17

0.19

0.18

0.17

0.21

0.23

0.23

0.16

0.13

0.16

0.16

0.11

0.14

0.04

Comprehensive loss:
Net loss

-175,677

-161,999

-61,724

-56,568

-42,880

-13,384

136,075

178,184

207,380

233,856

116,082

118,384

120,460

111,032

17,498

15,490

14,624

7,123

99,593

90,434

79,465

74,989

67,535

63,732

64,126

62,517

63,643

64,897

67,147

64,631

56,960

51,134

45,154

41,035

42,681

33,868

0

0

0

Foreign currency translation adjustments, net of tax

-2,661

2,051

266

60

-4,383

-5,017

-4,175

-2,046

-491

1,664

2,188

1,351

3,867

3,487

1,556

-1,463

-2,509

-5,777

-6,397

-4,134

-3,882

-2,325

-66

374

-88

-322

-412

-313

-242

-132

-191

-571

-314

-315

0

0

0

-

-

Unrealized gain (loss) on marketable securities, net of tax

-11,888

0

0

-26

29

16

1

35

-23

-14

-28

-144

-3

130

-135

-187

-298

-366

38

120

95

94

35

332

59

-10

-61

-280

-9

0

0

0

0

-

-

-

-

-

-

Comprehensive loss

-190,347

-160,069

-61,458

-56,534

-47,234

-18,385

131,901

176,173

206,866

235,506

118,242

119,591

124,324

114,649

18,919

13,840

11,817

980

93,234

86,420

75,678

72,758

67,504

64,438

64,097

62,185

63,170

64,304

66,896

64,499

56,769

50,563

44,840

40,720

0

0

0

-

-

Dividends, Preferred Stock [Abstract]
Services
Total revenue

456,182

447,158

440,909

430,797

423,966

406,757

390,886

375,047

357,704

349,735

342,495

339,909

336,772

334,822

333,007

326,891

321,421

317,022

312,849

313,217

311,418

309,424

307,738

301,551

296,735

292,092

282,324

278,346

275,430

273,491

273,371

271,329

268,000

262,322

258,385

248,102

0

0

0

Subscriber equipment
Total revenue

84,111

82,856

85,874

90,629

93,074

97,848

97,154

92,808

85,787

77,119

74,131

72,247

73,765

74,211

74,949

76,229

74,635

73,615

73,600

72,970

74,535

78,152

76,944

76,647

76,129

73,303

79,440

85,558

89,657

93,866

94,302

93,840

91,839

94,709

99,307

93,662

0

0

0

Cost of Goods and Services Sold

50,029

50,186

50,613

51,825

54,074

56,857

56,194

54,306

49,555

44,445

43,646

42,936

43,927

44,286

43,118

43,201

40,623

40,807

43,632

47,317

51,304

54,569

54,923

55,229

54,854

52,062

52,020

50,664

51,063

53,285

56,041

55,640

54,410

54,113

53,698

51,616

0

0

0

Engineering and support services
Total revenue

31,753

30,430

26,952

24,288

20,505

18,403

18,272

18,240

19,277

21,192

23,400

24,117

23,327

24,607

24,653

22,729

22,517

20,741

19,022

20,743

21,579

20,981

21,571

21,131

18,628

17,254

14,962

12,694

14,148

16,163

18,540

22,727

26,639

27,276

26,165

23,943

0

0

0

Revenue from Contract with Customer, Excluding Assessed Tax

0

-

-

-

0

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock
Preferred Stock Dividends, Income Statement Impact

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends, excluding cumulative dividends

-

-

0

0

-

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock
Preferred stock dividends, excluding cumulative dividends

-

-

0

0

-

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock [Member]
Preferred stock dividends, undeclared

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Preferred stock dividends, undeclared

-

-

4,191

6,291

-

6,300

6,318

6,327

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-