$IRDM
Iridium Communications Inc. Stock $irdm

$irdm Overview Financials Valuation SEC Filings Company Website

2013 Q4 Form 10-Q Financial Statement

#000114420413057839 Filed on October 31, 2013

Income Statement

Concept	2013 Q4	2013 Q3	2012 Q3
Revenue	$98.21M	$100.6M	$100.4M
YoY Change	6.42%	0.13%	-1.62%
Cost Of Revenue	$28.40M	$14.78M	$28.20M
YoY Change	11.81%	-47.6%	-10.76%
Gross Profit	$69.80M	$85.79M	$72.20M
YoY Change	4.33%	18.83%	2.27%
Gross Profit Margin	71.07%	85.31%	71.88%
Selling, General & Admin	$20.20M	$18.29M	$16.50M
YoY Change	34.67%	10.85%	0.0%
% of Gross Profit	28.94%	21.32%	22.85%
Research & Development	$4.600M	$3.125M	$3.600M
YoY Change	64.29%	-13.19%	16.13%
% of Gross Profit	6.59%	3.64%	4.99%
Depreciation & Amortization	$75.00M	$19.38M	$20.50M
YoY Change	-7.52%	-5.48%	-23.51%
% of Gross Profit	107.45%	22.59%	28.39%
Operating Expenses	$43.60M	$71.12M	$40.60M
YoY Change	21.45%	75.17%	-12.31%
Operating Profit	$26.26M	$29.45M	$31.69M
YoY Change	-15.37%	-7.06%	30.4%
Interest Expense	$400.0K	$600.0K	$300.0K
YoY Change	-20.0%	100.0%	0.0%
% of Operating Profit	1.52%	2.04%	0.95%
Other Income/Expense, Net	$7.700M	-$2.430M	-$2.500M
YoY Change	-333.33%	-2.8%	-19.35%
Pretax Income	$34.40M	$27.02M	$29.50M
YoY Change	21.99%	-8.4%	37.85%
Income Tax	$18.80M	$10.44M	$11.70M
% Of Pretax Income	54.65%	38.62%	39.66%
Net Earnings	$15.59M	$16.59M	$17.84M
YoY Change	-6.74%	-7.03%	48.66%
Net Earnings / Revenue	15.87%	16.49%	17.76%
Basic Earnings Per Share	$0.18	$0.19	$0.24
Diluted Earnings Per Share	$0.18	$0.19	$0.23
COMMON SHARES
Basic Shares Outstanding	76.66M shares	76.96M shares	74.38M shares
Diluted Shares Outstanding		87.59M shares	76.13M shares

Balance Sheet

Concept	2013 Q4	2013 Q3	2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$263.0M	$270.3M	$189.4M
YoY Change	3.37%	42.73%	51.76%
Cash & Equivalents	$186.3M	$197.0M	$189.4M
Short-Term Investments	$76.65M	$73.33M
Other Short-Term Assets	$22.30M	$14.50M	$15.00M
YoY Change	-14.23%	-3.33%	48.51%
Inventory	$29.53M	$28.19M	$24.30M
Prepaid Expenses
Receivables	$54.76M	$64.55M	$54.70M
Other Receivables	$0.00	$900.0K	$4.400M
Total Short-Term Assets	$369.6M	$378.5M	$287.8M
YoY Change	0.65%	31.51%	33.36%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.576B	$1.451B	$1.010B
YoY Change	30.14%	43.64%	38.79%
Goodwill	$87.04M	$87.04M
YoY Change	0.0%
Intangibles	$57.45M	$60.72M
YoY Change	-18.51%
Long-Term Investments
YoY Change
Other Assets	$8.909M	$7.708M	$170.1M
YoY Change	205.94%	-95.47%	33.41%
Total Long-Term Assets	$1.940B	$1.815B	$1.341B
YoY Change	25.24%	35.34%	30.3%
TOTAL ASSETS
Total Short-Term Assets	$369.6M	$378.5M	$287.8M
Total Long-Term Assets	$1.940B	$1.815B	$1.341B
Total Assets	$2.310B	$2.194B	$1.629B
YoY Change	20.53%	34.66%	30.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.93M	$9.156M	$13.80M
YoY Change	-6.51%	-33.65%	150.91%
Accrued Expenses	$47.20M	$56.90M	$43.40M
YoY Change	47.04%	31.11%	11.28%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$101.5M	$110.3M	$98.40M
YoY Change	14.49%	12.07%	24.56%
LONG-TERM LIABILITIES
Long-Term Debt	$1.039B	$936.3M	$588.9M
YoY Change	38.23%	58.99%	81.03%
Other Long-Term Liabilities	$3.385M	$20.43M	$32.10M
YoY Change	-75.46%	-36.35%	7.36%
Total Long-Term Liabilities	$3.385M	$20.43M	$621.0M
YoY Change	-75.46%	-96.71%	74.83%
TOTAL LIABILITIES
Total Short-Term Liabilities	$101.5M	$110.3M	$98.40M
Total Long-Term Liabilities	$3.385M	$20.43M	$621.0M
Total Liabilities	$1.370B	$1.269B	$864.1M
YoY Change	31.79%	46.8%	56.06%
SHAREHOLDERS EQUITY
Retained Earnings	$138.8M	$125.0M
YoY Change	66.62%
Common Stock	$77.00K	$77.00K
YoY Change	1.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$939.5M	$925.2M	$764.9M
YoY Change
Total Liabilities & Shareholders Equity	$2.310B	$2.194B	$1.629B
YoY Change	20.53%	34.66%	30.83%

Cashflow Statement

Concept	2013 Q4	2013 Q3	2012 Q3
OPERATING ACTIVITIES
Net Income	$15.59M	$16.59M	$17.84M
YoY Change	-6.74%	-7.03%	48.66%
Depreciation, Depletion And Amortization	$75.00M	$19.38M	$20.50M
YoY Change	-7.52%	-5.48%	-23.51%
Cash From Operating Activities	$38.70M	$44.00M	$43.30M
YoY Change	-6.3%	1.62%	-9.41%
INVESTING ACTIVITIES
Capital Expenditures	-$140.1M	-$111.7M	-$34.60M
YoY Change	-36.43%	222.83%	-50.14%
Acquisitions
YoY Change
Other Investing Activities	-$3.400M	$5.500M
YoY Change	78.95%
Cash From Investing Activities	-$143.5M	-$106.2M	-$34.60M
YoY Change	-35.42%	206.94%	-50.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	94.10M	62.30M	14.10M
YoY Change	-61.73%	341.84%	-66.98%
NET CHANGE
Cash From Operating Activities	38.70M	44.00M	43.30M
Cash From Investing Activities	-143.5M	-106.2M	-34.60M
Cash From Financing Activities	94.10M	62.30M	14.10M
Net Change In Cash	-10.70M	100.0K	22.80M
YoY Change	-116.46%	-99.56%	8.06%
FREE CASH FLOW
Cash From Operating Activities	$38.70M	$44.00M	$43.30M
Capital Expenditures	-$140.1M	-$111.7M	-$34.60M
Free Cash Flow	$178.8M	$155.7M	$77.90M
YoY Change	-31.68%	99.87%	-33.53%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
	dei	Amendment Flag AmendmentFlag	false
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CY2013Q3	us-gaap	Marketable Securities MarketableSecurities	73325000	USD
CY2012Q4	us-gaap	Marketable Securities MarketableSecurities	0	USD
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CY2013Q3	us-gaap	Inventory Net InventoryNet	28188000	USD
	dei	Document Type DocumentType	10-Q
	dei	Trading Symbol TradingSymbol	IRDM
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CY2012Q4	irdm	Preferred Stock Convertible Conversion Price PreferredStockConvertibleConversionPrice	9.43
CY2012	us-gaap	Payments Of Dividends PaymentsOfDividends	1400000	USD
CY2013Q3	irdm	Preferred Stock Shares Authorized Undesignated And Unissued PreferredStockSharesAuthorizedUndesignatedAndUnissued	1000000	shares
CY2012Q4	us-gaap	Preferred Stock Liquidation Preference PreferredStockLiquidationPreference	100
CY2013Q3	irdm	Credit Facility Interest Payable CreditFacilityInterestPayable	16800000	USD
CY2012Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	359000	USD
CY2012Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	730000	USD
CY2012Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	755000	USD
CY2012Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	779000	USD
CY2012Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	804000	USD
CY2012Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	4621000	USD
CY2012Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	8048000	USD
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	92000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	1226000	shares
	irdm	First Anniversary Vesting Percentage FirstAnniversaryVestingPercentage	0.25	pure
CY2013Q3	irdm	Grant Date Fair Value Of Stock Options GrantDateFairValueOfStockOptions	300000	USD
	irdm	Grant Date Fair Value Of Stock Options GrantDateFairValueOfStockOptions	3200000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P4Y
CY2012	irdm	Price Per Share Of Warrants PricePerShareOfWarrants	7.00
CY2013Q1	irdm	Shares Of Warrants Expire SharesOfWarrantsExpire	655499	shares
CY2013Q1	irdm	Unexercised Warrants Price Per Share UnexercisedWarrantsPricePerShare	7.00
CY2012	irdm	Cumulative Cash Dividends Rate CumulativeCashDividendsRate	0.0700	pure
	us-gaap	Undistributed Earnings Allocated To Participating Securities UndistributedEarningsAllocatedToParticipatingSecurities	48000	USD
	us-gaap	Undistributed Earnings Allocated To Participating Securities UndistributedEarningsAllocatedToParticipatingSecurities	47000	USD
	irdm	Numerator For Basic Net Income Loss Per Share NumeratorForBasicNetIncomeLossPerShare	41634000	USD
	irdm	Numerator For Basic Net Income Loss Per Share NumeratorForBasicNetIncomeLossPerShare	47873000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	46884000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	47873000	USD
	irdm	Dilutive Effect Of Warrants DilutiveEffectOfWarrants	1000	shares
	irdm	Dilutive Effect Of Warrants DilutiveEffectOfWarrants	2092000	shares
	irdm	Dilutive Effect Of Stock Options DilutiveEffectOfStockOptions	0	shares
	irdm	Dilutive Effect Of Stock Options DilutiveEffectOfStockOptions	8000	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	52000	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	48000	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	10602000	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	0	shares

Files In Submission

Name	View Source	Status
0001144204-13-057839-index-headers.html	Edgar Link	pending
0001144204-13-057839-index.html	Edgar Link	pending
0001144204-13-057839.txt	Edgar Link	pending
0001144204-13-057839-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
irdm-20130930.xml	Edgar Link	completed
irdm-20130930.xsd	Edgar Link	pending
irdm-20130930_cal.xml	Edgar Link	unprocessable
irdm-20130930_def.xml	Edgar Link	unprocessable
irdm-20130930_lab.xml	Edgar Link	unprocessable
irdm-20130930_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
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R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v357024_10q.htm	Edgar Link	pending
v357024_ex10-1.htm	Edgar Link	pending
v357024_ex10-2.htm	Edgar Link	pending
v357024_ex10-3.htm	Edgar Link	pending
v357024_ex10-4.htm	Edgar Link	pending
v357024_ex10-5.htm	Edgar Link	pending
v357024_ex31-1.htm	Edgar Link	pending
v357024_ex31-2.htm	Edgar Link	pending
v357024_ex32-1.htm	Edgar Link	pending

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$IRDM
Iridium Communications Inc. Stock $irdm

2013 Q4 Form 10-Q Financial Statement

#000114420413057839 Filed on October 31, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IRDM Iridium Communications Inc. Stock $irdm

2013 Q4 Form 10-Q Financial Statement

#000114420413057839 Filed on October 31, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IRDM
Iridium Communications Inc. Stock $irdm