Iridium communications inc. (IRDMB)
CashFlow / 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'11
Net Income (Loss) Attributable to Parent

-31,702

-107,857

-18,012

-18,106

-18,024

-7,582

-12,856

-4,418

11,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from operating activities:
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred Income Tax Expense (Benefit)

-17,150

-35,354

-802

-7,868

-9,873

-17,891

-1,370

7,255

3,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

75,944

75,088

74,575

75,128

72,914

67,111

62,140

50,491

38,465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

30,209

111,710

0

-207

207

3,311

0

0

3,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Noncash Expense

3,698

3,614

4,134

4,063

3,327

3,132

4,228

2,844

4,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,605

8

164

118

Amortization of Debt Issuance Costs

890

3,419

5,456

5,193

4,836

4,078

3,751

2,316

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Expenses

-

-

-

-

-

-

-

-

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Operating Activities, Cash Flow Statement

-64

558

228

130

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable

-3,600

-1,458

-21,454

23,030

-2,627

3,606

459

1,626

7,092

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Inventories

-2,300

1,913

1,330

2,059

7,649

5,295

2,098

-90

276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Prepaid Expense and Other Assets

688

-3,087

-2,280

-1,785

-821

-1,881

-4,634

-600

1,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Other Noncurrent Assets

-2,769

-2,804

1,225

-847

-671

-161

963

-322

937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Payable

2,320

-7,298

1,594

-2,459

3,863

-742

-1,859

-2,074

3,943

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities

-20,117

16,753

-9,056

8,324

-20,195

-26,955

26,192

19,770

-1,447

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Interest Payable, Net

-7,071

-

-

-

23,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Deferred Revenue

-6,607

3,334

-197

-1,560

-8,012

38

3,078

6,845

3,569

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Other Noncurrent Liabilities

2,482

-792

-736

-813

-829

19

-13

586

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Operating Activities

40,813

55,692

78,363

15,968

48,120

38,171

84,450

82,811

58,277

56,403

83,352

56,002

63,864

60,640

55,724

61,816

47,019

54,541

70,224

41,183

51,531

61,537

62,138

48,732

42,465

38,716

44,070

43,066

57,196

41,308

43,326

53,004

36,385

51,538

47,841

51,900

32,182

Cash flows from investing activities:
Capital expenditures

9,487

15,063

10,175

57,938

34,643

96,661

79,698

132,070

82,961

109,395

122,540

119,228

48,944

173,896

74,989

80,980

75,822

243,013

77,591

124,153

50,053

296,136

36,856

49,554

58,519

140,102

111,757

132,444

19,244

220,311

34,639

151,913

34,791

119,060

69,473

114,648

56,223

Payments to Acquire Other Investments

0

0

0

0

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

0

34,235

184,286

17,007

2,022

4,991

0

0

0

451

5,940

13,474

30,960

42,735

94,327

36,650

90,212

65,134

110,350

10,123

25,614

9,401

20,600

70,793

0

0

0

0

-

-

-

-

Sales and maturities of marketable securities

-

-

-

-

-

0

234,740

4,543

8,723

10,537

6,002

11,573

6,328

12,902

24,025

54,612

91,653

47,930

98,737

86,201

27,240

45,020

12,870

16,759

15,981

22,215

14,911

7,890

4,103

0

0

0

0

-

-

-

-

Investment in equity method affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

1,888

0

0

0

-

-

-

-

Net cash used in investing activities

-9,487

-15,063

-10,175

-57,938

-44,643

-96,661

120,807

-311,813

-91,245

-100,880

-121,529

-107,655

-42,616

-160,994

-51,415

-32,308

2,357

-226,043

-21,589

-132,279

-59,463

-341,328

-89,120

-143,145

-52,661

-143,501

-106,247

-145,154

-90,934

-222,199

-34,639

-151,913

-34,791

-118,993

-69,473

-114,648

-56,223

Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt

202,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on the senior unsecured notes, including extinguishment costs

383,451

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing fees

2,562

28,803

0

0

0

175

624

995

19,445

440

1,879

65

1,468

2,198

1,450

3,685

4,473

5,152

3,248

4,935

1,649

12,537

483

2,732

1,828

7,012

5,164

6,410

130

10,188

2,202

8,295

1,483

5,807

3,850

5,729

18,064

Proceeds from Lines of Credit

-

-

-

-

-

-

-

-

-

0

0

0

22,207

103,448

18,619

57,492

71,939

77,784

50,889

79,380

22,368

201,862

5,114

19,938

25,284

102,913

82,738

101,765

0

162,849

20,950

126,911

23,944

84,806

60,043

90,546

39,581

Proceeds from Issuance of Unsecured Debt

-

-

-

-

-

0

0

0

360,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Instrument, Milestone Payment

-

-

-

-

-

-119,872

0

0

59,936

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash refunds (deposits), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,895

104

10,990

-

27

23

2,477

17

2,510

12

13,350

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash - Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,490

-

13,552

17

13,493

11

13,495

28

13,500

Proceeds from exercise of stock options

1,172

3,528

1,155

6,662

2,126

6,585

2,864

2,227

769

1,107

1,556

1,230

342

159

310

63

17

80

0

1,734

340

889

446

171

2

14

-10

21

0

-

-

-

-

-1

0

7

34

Tax payment upon settlement of stock awards

3,184

359

395

356

3,486

326

143

107

1,405

60

52

55

1,698

21

20

20

566

57

33

116

680

-137

183

17

20

26

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

45

164

533

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,750

1,750

1,750

-

0

0

0

-

-

-

-

Net cash (used in) provided by financing activities

-186,025

-184,599

-71,240

-56,081

-1,360

-48,144

2,097

-25,006

264,556

607

-375

1,110

15,524

119,518

2,705

49,887

52,068

71,387

43,767

72,345

14,576

186,474

-2,225

246,257

8,338

94,130

62,326

93,626

-15,370

245,910

14,050

118,643

8,968

78,988

42,698

62,573

8,051

Effect of exchange rate changes on cash and cash equivalents

-1,573

777

-169

-659

1,281

-445

-890

7

58

5

210

-319

248

24

11

384

93

107

-594

-153

-115

-2,555

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-156,272

-143,193

-3,221

-98,710

3,398

-107,079

206,464

-254,001

231,646

-43,865

-38,342

-50,862

37,020

19,188

7,025

79,779

101,537

-100,008

91,808

-18,904

6,529

-95,872

-29,207

151,844

-1,858

-10,655

149

-8,462

-49,108

65,019

22,737

19,734

10,562

11,533

21,066

-175

-15,990

Supplemental cash flow information:
Interest Paid, Net of Amounts Capitalized

33,366

18,403

40,451

60,191

419

-1,655

-184

36,742

787

-42,458

0

42,458

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid, net

254

-1,605

409

310

280

159

271

248

253

-4

352

222

1,090

389

267

235

500

1,610

679

714

426

322

-411

44

229

27

-20

54

-2,981

-3

97

50

204

-2,356

-3,940

0

0

Supplemental disclosure of non-cash investing activities:
Property and equipment received but not yet paid for

2,285

2,668

-564

-771

2,642

1,378

-10,052

-21,680

42,254

10,610

-72,584

149,963

2,759

-28,265

25,630

2,238

3,150

-4,048

6,015

23,489

1,314

7,746

-352

5,257

3,915

4,308

-4,264

-9,763

20,409

695

-23,903

-80,354

107,078

11,944

-38,919

21,573

19,811

Interest capitalized but not yet paid

0

-2,526

-396

-3,162

6,084

-19,667

11,723

-20,470

37,608

-21,136

21,885

-21,110

35,382

-18,974

19,796

-17,069

30,383

-15,408

16,743

-13,647

24,544

-11,901

12,784

-11,341

20,047

-8,923

10,310

-7,435

14,037

-5,958

5,846

568

4,903

-2,408

3,555

-445

2,277

Capitalized amortization of deferred financing costs

21

140

228

559

1,489

2,254

3,069

4,434

6,549

8,312

8,392

4,105

6,495

9,119

10,413

4,942

4,214

4,620

3,229

6,101

4,422

4,476

1,801

1,389

3,508

17,421

3,794

2,785

1,715

1,714

2,182

0

0

-

-

-

-

Capitalized stock-based compensation

402

469

289

293

452

1,033

73

898

233

509

666

652

909

339

622

645

659

423

0

321

302

392

270

304

293

38

339

347

310

272

236

189

122

-

-

-

-

Series A Preferred Stock [Member]
Payment of preferred stock dividends

-

-

-

-

-

0

0

0

7,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Payment of preferred stock dividends

-

-

-

-

-

0

0

0

8,427

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-