2013 Form 10-K Financial Statement

#000114420414013118 Filed on March 04, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $382.6M $92.28M $100.4M
YoY Change -0.23% -2.86% -1.62%
Cost Of Revenue $59.35M $25.40M $28.20M
YoY Change -2.61% -20.38% -10.76%
Gross Profit $323.3M $66.90M $72.20M
YoY Change 0.22% 6.02% 2.27%
Gross Profit Margin 84.49% 72.49% 71.88%
Selling, General & Admin $75.22M $15.00M $16.50M
YoY Change 11.29% -3.23% 0.0%
% of Gross Profit 23.27% 22.42% 22.85%
Research & Development $11.15M $2.800M $3.600M
YoY Change -28.19% -64.56% 16.13%
% of Gross Profit 3.45% 4.19% 4.99%
Depreciation & Amortization $74.98M $81.10M $20.50M
YoY Change -7.56% 239.33% -23.51%
% of Gross Profit 23.19% 121.23% 28.39%
Operating Expenses $272.8M $35.90M $40.60M
YoY Change -2.04% -24.1% -12.31%
Operating Profit $109.9M $31.02M $31.69M
YoY Change 4.59% 96.35% 30.4%
Interest Expense $583.0K $500.0K $300.0K
YoY Change 411.4% 25.0% 0.0%
% of Operating Profit 0.53% 1.61% 0.95%
Other Income/Expense, Net $571.0K -$3.300M -$2.500M
YoY Change -105.68% 65.0% -19.35%
Pretax Income $110.5M $28.20M $29.50M
YoY Change 16.26% 100.0% 37.85%
Income Tax $47.95M $11.50M $11.70M
% Of Pretax Income 43.41% 40.78% 39.66%
Net Earnings $62.52M $16.71M $17.84M
YoY Change -3.27% 72.28% 48.66%
Net Earnings / Revenue 16.34% 18.11% 17.76%
Basic Earnings Per Share $0.72 $0.20 $0.24
Diluted Earnings Per Share $0.71 $0.19 $0.23
COMMON SHARES
Basic Shares Outstanding 76.91M 74.38M shares
Diluted Shares Outstanding 87.51M 76.13M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $263.0M $254.4M $189.4M
YoY Change 3.38% 86.52% 51.76%
Cash & Equivalents $88.80M $254.4M $189.4M
Short-Term Investments $88.10M $0.00
Other Short-Term Assets $22.30M $26.00M $15.00M
YoY Change -14.23% 85.71% 48.51%
Inventory $29.50M $26.34M $24.30M
Prepaid Expenses
Receivables $54.80M $56.14M $54.70M
Other Receivables $0.00 $4.300M $4.400M
Total Short-Term Assets $369.6M $367.2M $287.8M
YoY Change 0.65% 61.6% 33.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.576B $1.211B $1.010B
YoY Change 30.14% 43.6% 38.79%
Goodwill $87.04M
YoY Change
Intangibles $70.50M
YoY Change
Long-Term Investments
YoY Change
Other Assets $220.2M $2.912M $170.1M
YoY Change 21.72% -97.82% 33.41%
Total Long-Term Assets $1.940B $1.549B $1.341B
YoY Change 25.25% 35.06% 30.3%
TOTAL ASSETS
Total Short-Term Assets $369.6M $367.2M $287.8M
Total Long-Term Assets $1.940B $1.549B $1.341B
Total Assets $2.310B $1.916B $1.629B
YoY Change 20.53% 39.45% 30.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.90M $13.83M $13.80M
YoY Change -6.52% -44.22% 150.91%
Accrued Expenses $47.20M $32.10M $43.40M
YoY Change 47.04% -9.83% 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 $88.65M $98.40M
YoY Change 14.43% -7.56% 24.56%
LONG-TERM LIABILITIES
Long-Term Debt $1.039B $751.8M $588.9M
YoY Change 38.23% 80.24% 81.03%
Other Long-Term Liabilities $26.80M $13.80M $32.10M
YoY Change -14.92% -57.68% 7.36%
Total Long-Term Liabilities $1.066B $13.80M $621.0M
YoY Change 36.09% -96.93% 74.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $101.5M $88.65M $98.40M
Total Long-Term Liabilities $1.066B $13.80M $621.0M
Total Liabilities $1.370B $1.040B $864.1M
YoY Change 31.78% 54.68% 56.06%
SHAREHOLDERS EQUITY
Retained Earnings $83.33M
YoY Change
Common Stock $76.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $939.5M $876.6M $764.9M
YoY Change
Total Liabilities & Shareholders Equity $2.310B $1.916B $1.629B
YoY Change 20.53% 39.45% 30.83%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $62.52M $16.71M $17.84M
YoY Change -3.27% 72.28% 48.66%
Depreciation, Depletion And Amortization $74.98M $81.10M $20.50M
YoY Change -7.56% 239.33% -23.51%
Cash From Operating Activities $183.0M $41.30M $43.30M
YoY Change 5.17% -19.96% -9.41%
INVESTING ACTIVITIES
Capital Expenditures $403.5M -$220.4M -$34.60M
YoY Change -8.63% 85.05% -50.14%
Acquisitions
YoY Change
Other Investing Activities -$82.30M -$1.900M
YoY Change 4231.58% -2000.0%
Cash From Investing Activities -$485.8M -$222.2M -$34.60M
YoY Change 9.54% 86.72% -50.14%
FINANCING ACTIVITIES
Cash Dividend Paid $7.000M
YoY Change 393.31%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 234.7M 245.9M 14.10M
YoY Change -39.45% 211.27% -66.98%
NET CHANGE
Cash From Operating Activities 183.0M 41.30M 43.30M
Cash From Investing Activities -485.8M -222.2M -34.60M
Cash From Financing Activities 234.7M 245.9M 14.10M
Net Change In Cash -68.10M 65.00M 22.80M
YoY Change -157.66% 460.34% 8.06%
FREE CASH FLOW
Cash From Operating Activities $183.0M $41.30M $43.30M
Capital Expenditures $403.5M -$220.4M -$34.60M
Free Cash Flow -$220.5M $261.7M $77.90M
YoY Change -17.6% 53.31% -33.53%

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CY2011 us-gaap Operating Expenses
OperatingExpenses
307306000 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
278446000 USD
CY2011 us-gaap Cost Of Goods Sold
CostOfGoodsSold
54113000 USD
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
53285000 USD
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
52062000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18684000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15525000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11149000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
65682000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
67589000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
75218000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
97646000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81110000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
74980000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
272755000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
77001000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
105074000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
109894000 USD
CY2011 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1200000 USD
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1072000 USD
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2276000 USD
CY2011 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
12524000 USD
CY2012 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
10232000 USD
CY2013 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
7708000 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-96000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-896000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6003000 USD
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11420000 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10056000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
571000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
65581000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
95018000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
110465000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24546000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30387000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47948000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
41035000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
64631000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
62517000 USD
CY2011 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0 USD
CY2012 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1692000 USD
CY2013 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7000000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-315000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-132000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-322000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-10000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40720000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
64499000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
62185000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
183461000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
174023000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-485836000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
183048000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
359404000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
441654000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
403547000 USD
CY2011 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2012 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2013 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
126408000 USD
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
49119000 USD
CY2011 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2012 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1888000 USD
CY2013 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5000000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-359337000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-443542000 USD
CY2011 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
274976000 USD
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
334654000 USD
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
287416000 USD
CY2011 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
33450000 USD
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
22168000 USD
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
18716000 USD
CY2011 irdm Cash Restricted For Debt Service Reserve
CashRestrictedForDebtServiceReserve
27034000 USD
CY2012 irdm Cash Restricted For Debt Service Reserve
CashRestrictedForDebtServiceReserve
27079000 USD
CY2013 irdm Cash Restricted For Debt Service Reserve
CashRestrictedForDebtServiceReserve
26990000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
192310000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
387571000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
234712000 USD
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
16434000 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
118052000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-68076000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
119932000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136366000 USD
CY2011 us-gaap Interest Paid
InterestPaid
4528000 USD
CY2012 us-gaap Interest Paid
InterestPaid
6971000 USD
CY2013 us-gaap Interest Paid
InterestPaid
11255000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-6296000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
348000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2920000 USD
CY2011 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14409000 USD
CY2012 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3516000 USD
CY2013 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10690000 USD
CY2011 irdm Interest Capitalized But Not Paid
InterestCapitalizedButNotPaid
2979000 USD
CY2012 irdm Interest Capitalized But Not Paid
InterestCapitalizedButNotPaid
5359000 USD
CY2013 irdm Interest Capitalized But Not Paid
InterestCapitalizedButNotPaid
7989000 USD
CY2011 irdm Capitalized Amortization Of Deferred Financing Costs
CapitalizedAmortizationOfDeferredFinancingCosts
0 USD
CY2012 irdm Capitalized Amortization Of Deferred Financing Costs
CapitalizedAmortizationOfDeferredFinancingCosts
3896000 USD
CY2013 irdm Capitalized Amortization Of Deferred Financing Costs
CapitalizedAmortizationOfDeferredFinancingCosts
12475000 USD
CY2011 irdm Capitalized Paid In Kind Interest
CapitalizedPaidInKindInterest
7012000 USD
CY2012 irdm Capitalized Paid In Kind Interest
CapitalizedPaidInKindInterest
16059000 USD
CY2013 irdm Capitalized Paid In Kind Interest
CapitalizedPaidInKindInterest
25715000 USD
CY2011 irdm Stock Based Compensation Capitalized
StockBasedCompensationCapitalized
446000 USD
CY2012 irdm Stock Based Compensation Capitalized
StockBasedCompensationCapitalized
819000 USD
CY2013 irdm Stock Based Compensation Capitalized
StockBasedCompensationCapitalized
1034000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
654916000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6341000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8150000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7749000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22563000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
29549000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
47095000 USD
CY2011 irdm Settlement Of Warrants For Common Stock
SettlementOfWarrantsForCommonStock
1000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
5895000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
7332000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
6715000 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
722000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-525000 USD
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-826000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
40000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
43000 USD
CY2011 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-110000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-364000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
4328000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
454000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
464000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
25000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7140000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-561000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1901000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1577000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11199000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4633000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-363000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
200000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7684000 USD
CY2011 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-6773000 USD
CY2012 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-28000 USD
CY2013 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-3617000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5603000 USD
CY2011 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2417000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-6400000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9694000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
96499000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7230000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7310000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5612000 USD
CY2011 irdm Increase Decreasee In Accrued Satellite And Network Operation Expense Net Of Current Portion
IncreaseDecreaseeInAccruedSatelliteAndNetworkOperationExpenseNetOfCurrentPortion
-1337000 USD
CY2012 irdm Increase Decreasee In Accrued Satellite And Network Operation Expense Net Of Current Portion
IncreaseDecreaseeInAccruedSatelliteAndNetworkOperationExpenseNetOfCurrentPortion
-1338000 USD
CY2013 irdm Increase Decreasee In Accrued Satellite And Network Operation Expense Net Of Current Portion
IncreaseDecreaseeInAccruedSatelliteAndNetworkOperationExpenseNetOfCurrentPortion
-1338000 USD
CY2011 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
10722000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
263000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-10411000 USD
CY2012 irdm Stock Issued During Period Value Exchange Of Warrants
StockIssuedDuringPeriodValueExchangeOfWarrants
-2073000 USD
CY2011 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
22223000 USD
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2011 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1000 USD
CY2012 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
9114000 USD
CY2013 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
40000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
43000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
25000 USD
CY2011 irdm Payment Of Warrant Conversion Costs
PaymentOfWarrantConversionCosts
0 USD
CY2012 irdm Payment Of Warrant Conversion Costs
PaymentOfWarrantConversionCosts
2073000 USD
CY2013 irdm Payment Of Warrant Conversion Costs
PaymentOfWarrantConversionCosts
0 USD
CY2011 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 USD
CY2012 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
96499000 USD
CY2013 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 USD
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
1419000 USD
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
7000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
702018000 USD
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
12825000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
29305000 USD
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
52136000 USD
CY2011 us-gaap Interest Expense
InterestExpense
42000 USD
CY2012 us-gaap Interest Expense
InterestExpense
114000 USD
CY2013 us-gaap Interest Expense
InterestExpense
583000 USD
CY2011 us-gaap Interest Costs Incurred
InterestCostsIncurred
12867000 USD
CY2012 us-gaap Interest Costs Incurred
InterestCostsIncurred
29419000 USD
CY2013 us-gaap Interest Costs Incurred
InterestCostsIncurred
52719000 USD
CY2012 irdm Share Based Compensation Expensed And Capitalized
ShareBasedCompensationExpensedAndCapitalized
8150000 USD
CY2013 irdm Share Based Compensation Expensed And Capitalized
ShareBasedCompensationExpensedAndCapitalized
7749000 USD
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1100000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
500000 USD
CY2011 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
3000000 USD
CY2012 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2000000 USD
CY2012 irdm Depreciation Impact Change Of Accounting Estimate
DepreciationImpactChangeOfAccountingEstimate
19600000 USD
CY2012 irdm Impact Of Change In Accounting Estimate On Basic Earnings Per Share
ImpactOfChangeInAccountingEstimateOnBasicEarningsPerShare
0.17
CY2012 irdm Impact Of Change In Accounting Estimate On Diluted Earnings Per Share
ImpactOfChangeInAccountingEstimateOnDilutedEarningsPerShare
0.16
CY2013 irdm Maximum De Orbit Asset Retirement Obligation
MaximumDeOrbitAssetRetirementObligation
17600000 USD
CY2013Q4 irdm De Orbit Insurance Coverage
DeOrbitInsuranceCoverage
2500000 USD
CY2013Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
200000 USD
CY2011 us-gaap Advertising Expense
AdvertisingExpense
600000 USD
CY2012 us-gaap Advertising Expense
AdvertisingExpense
500000 USD
CY2013 us-gaap Advertising Expense
AdvertisingExpense
500000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13000000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY:times new roman,times,serif">Use of Estimates</font></font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"></font><font style="FONT-FAMILY:times new roman,times,serif">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY:times new roman,times,serif">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ materially from those estimates.</font></font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY:times new roman,times,serif">Concentrations of Credit Risk</font></font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"></font><font style="FONT-FAMILY:times new roman,times,serif">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY:times new roman,times,serif">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities,&#160;and receivables. The majority of cash is swept nightly into a money market fund invested in U.S. treasuries, Agency Mortgage Backed Securities and/or U.S. Government guaranteed debt. While the Company maintains its cash and cash equivalents with financial institutions with high credit ratings, it often maintains those deposits in federally insured financial institutions in excess of federally insured (FDIC) limits. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman','serif'">The Company&#8217;s marketable securities are <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> highly-rated</font> corporate and foreign fixed-income debt securities and commercial paper with an original maturity in excess of ninety days.</font> The Company performs credit evaluations of its customers&#8217; financial condition and records reserves to provide for estimated credit losses. Accounts receivable are due from both domestic and international customers.&#160;</font></font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013Q4 irdm Long Term Minimum Debt Service Reserve Required To Maintain In Next Twelve Months
LongTermMinimumDebtServiceReserveRequiredToMaintainInNextTwelveMonths
108000000 USD
CY2013Q4 irdm Long Term Minimum Debt Service Reserve Required To Maintain In Next Two Years
LongTermMinimumDebtServiceReserveRequiredToMaintainInNextTwoYears
135000000 USD
CY2013Q4 irdm Long Term Minimum Debt Service Reserve Required To Maintain In Next Three Years
LongTermMinimumDebtServiceReserveRequiredToMaintainInNextThreeYears
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CY2013Q4 irdm Long Term Minimum Debt Service Reserve Required To Maintain In Next Four Years
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CY2013 us-gaap Lease And Rental Expense
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CY2013 dei Document Type
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0.45 pure
CY2013 dei Document Period End Date
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2013-12-31
CY2013 dei Document Fiscal Year Focus
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2013
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25000000 USD
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FY
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Iridium Communications Inc.
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0001418819
CY2013 dei Current Fiscal Year End Date
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CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
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CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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1300000 USD
CY2012Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
1400000 USD
CY2013 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
a debt-to-equity ratio, which is calculated as the ratio of total net debt to the aggregate of total net debt and total stockholders equity, of no more than 0.7 to 1, measured each June 30 and December 31;specified maximum levels of annual capital expenditures (excluding expenditures on the construction of Iridium NEXT satellites) through the year ending December 31, 2024;specified minimum consolidated operational earnings before interest, taxes, depreciation and amortization, or operational EBITDA, levels for the 12-month periods ending each December 31 and June 30 through June 30, 2017;specified minimum cash flow requirements from customers who have hosted payloads on the Companys satellites during the 12-month periods ending each December 31 and June 30, beginning December 31, 2014 and ending on June 30, 2017;a debt service coverage ratio, measured during the repayment period, of not less than 1 to 1.5; andspecified maximum leverage levels during the repayment period that decline from a ratio of 4.75 to 1 for thetwelve months ending June 30, 2017 to a ratio of 2.5 to 1 for thetwelve months ending June 30, 2025.
CY2013Q4 irdm Available Cash Balance As Defined Under Line Of Credit
AvailableCashBalanceAsDefinedUnderLineOfCredit
204000000 USD
CY2012Q4 irdm Available Cash Balance As Defined Under Line Of Credit
AvailableCashBalanceAsDefinedUnderLineOfCredit
254400000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.41 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.42 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.42 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.45 pure
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5431000 shares
CY2013 irdm Maximum Employee Contribution Percentage
MaximumEmployeeContributionPercentage
1 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
340000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
243000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6183000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0193 pure
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3918000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
6142000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.30
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.31
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0078 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
8.62
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.54
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0117 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0116 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0265 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1339000 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.31
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.89
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.36
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
7.90
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y18D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M26D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y14D
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
140000 USD
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
136000 USD
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
26000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
67000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5600000 USD
CY2013 us-gaap Inventory Write Down
InventoryWriteDown
1479000 USD
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2011 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2013 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
546000 USD
CY2012 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2011 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2013 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
-82000 USD
CY2012 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
CY2011 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.60
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.31
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.69
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5700000 USD
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M24D
CY2013 irdm Contribution Of Fixed Assets To Equity Method Investment
ContributionOfFixedAssetsToEquityMethodInvestment
0 USD
CY2012 irdm Contribution Of Fixed Assets To Equity Method Investment
ContributionOfFixedAssetsToEquityMethodInvestment
1353000 USD
CY2011 irdm Contribution Of Fixed Assets To Equity Method Investment
ContributionOfFixedAssetsToEquityMethodInvestment
0 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6300000 USD
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6700000 USD
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4600000 USD
CY2013 us-gaap Restricted Stock Expense
RestrictedStockExpense
1700000 USD
CY2012 us-gaap Restricted Stock Expense
RestrictedStockExpense
2100000 USD
CY2011 us-gaap Restricted Stock Expense
RestrictedStockExpense
700000 USD
CY2013Q4 irdm Us Government Contract Future Minimum Payments Receivable Year One
UsGovernmentContractFutureMinimumPaymentsReceivableYearOne
64000000 USD
CY2013Q4 irdm Us Government Contract Future Minimum Payments Receivable Year Two
UsGovernmentContractFutureMinimumPaymentsReceivableYearTwo
72000000 USD
CY2013Q4 irdm Us Government Contract Future Minimum Payments Receivable Year Three
UsGovernmentContractFutureMinimumPaymentsReceivableYearThree
88000000 USD
CY2013Q4 irdm Us Government Contract Future Minimum Payments Receivable Year Four
UsGovernmentContractFutureMinimumPaymentsReceivableYearFour
88000000 USD
CY2013Q4 irdm Us Government Contract Future Minimum Payments Receivable Year Five
UsGovernmentContractFutureMinimumPaymentsReceivableYearFive
88000000 USD
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1500000 USD
CY2013Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1800000000 USD
CY2013 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
The Company provides the first end-user purchaser of its subscriber equipment a warranty for one to five years from the date of purchase by such first end-user, depending on the product.
CY2013Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
292000 USD
CY2012Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
273000 USD
CY2011Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
0 USD
CY2013 irdm Deferred Income Tax Provision
DeferredIncomeTaxProvision
47230000 USD
CY2012 irdm Deferred Income Tax Provision
DeferredIncomeTaxProvision
29489000 USD
CY2011 irdm Deferred Income Tax Provision
DeferredIncomeTaxProvision
23081000 USD
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2011 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2012 irdm Stock Issued Upon Exercise Of Warrants
StockIssuedUponExerciseOfWarrants
9114000 USD
CY2013 irdm Stock Issued Upon Exercise Of Warrants
StockIssuedUponExerciseOfWarrants
4000 USD
CY2013 irdm Entity Interactive Data Current Reporting Status
EntityInteractiveDataCurrentReportingStatus
Yes
CY2013Q4 irdm Available Cure Balance As Defined Under Line Of Credit
AvailableCureBalanceAsDefinedUnderLineOfCredit
700000 USD
CY2013 irdm Cash Flow Projections Discount Rate
CashFlowProjectionsDiscountRate
0.10 pure

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