$IRDM
Iridium Communications Inc.

2017 Q2 Form 10-Q Financial Statement

#000156459017014174 Filed on July 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $111.6M $109.2M
YoY Change 2.21% 7.14%
Cost Of Revenue $10.87M $28.30M
YoY Change -61.6% 19.92%
Gross Profit $100.7M $80.90M
YoY Change 24.52% 3.32%
Gross Profit Margin 90.26% 74.09%
Selling, General & Admin $20.41M $22.30M
YoY Change -8.47% 19.25%
% of Gross Profit 20.26% 27.56%
Research & Development $3.014M $4.000M
YoY Change -24.65% -9.09%
% of Gross Profit 2.99% 4.94%
Depreciation & Amortization $20.20M $12.84M
YoY Change 57.29% 0.34%
% of Gross Profit 20.05% 15.88%
Operating Expenses $23.43M $39.20M
YoY Change -40.24% 8.89%
Operating Profit $35.74M $41.73M
YoY Change -14.35% -1.43%
Interest Expense $21.60M $19.00M
YoY Change 13.68% 22.21%
% of Operating Profit 60.43% 45.53%
Other Income/Expense, Net $776.0K $0.00
YoY Change -100.0%
Pretax Income $36.52M $42.49M
YoY Change -14.06% 0.22%
Income Tax $11.74M $15.64M
% Of Pretax Income 32.15% 36.81%
Net Earnings $24.78M $26.85M
YoY Change -7.73% 3.33%
Net Earnings / Revenue 22.2% 24.59%
Basic Earnings Per Share $0.21 $0.24
Diluted Earnings Per Share $0.20 $0.22
COMMON SHARES
Basic Shares Outstanding 97.99M shares 95.91M
Diluted Shares Outstanding 126.9M shares 123.5M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $356.5M $443.1M
YoY Change -19.54% -7.07%
Cash & Equivalents $470.5M $367.0M
Short-Term Investments $21.30M $76.10M
Other Short-Term Assets $22.70M $12.80M
YoY Change 77.34% -50.58%
Inventory $20.40M $22.40M
Prepaid Expenses
Receivables $63.40M $58.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $463.0M $536.9M
YoY Change -13.76% -9.25%
LONG-TERM ASSETS
Property, Plant & Equipment $3.111B $2.576B
YoY Change 20.75% 20.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $145.8M $113.7M
YoY Change 28.23% -50.48%
Total Long-Term Assets $3.308B $2.736B
YoY Change 20.88% 9.26%
TOTAL ASSETS
Total Short-Term Assets $463.0M $536.9M
Total Long-Term Assets $3.308B $2.736B
Total Assets $3.771B $3.273B
YoY Change 15.2% 5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.3M $12.00M
YoY Change 969.17% -56.52%
Accrued Expenses $43.20M $35.90M
YoY Change 20.33% -18.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $208.1M $85.60M
YoY Change 143.11% -22.18%
LONG-TERM LIABILITIES
Long-Term Debt $1.688B $1.519B
YoY Change 11.14% 9.05%
Other Long-Term Liabilities $33.08M $55.00M
YoY Change -39.86% 41.75%
Total Long-Term Liabilities $33.08M $1.574B
YoY Change -97.9% 9.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $208.1M $85.60M
Total Long-Term Liabilities $33.08M $1.574B
Total Liabilities $2.358B $1.987B
YoY Change 18.69% 9.2%
SHAREHOLDERS EQUITY
Retained Earnings $347.7M
YoY Change
Common Stock $1.070B $1.051B
YoY Change 1.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.413B $1.286B
YoY Change
Total Liabilities & Shareholders Equity $3.771B $3.273B
YoY Change 15.2% 5.72%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $24.78M $26.85M
YoY Change -7.73% 3.33%
Depreciation, Depletion And Amortization $20.20M $12.84M
YoY Change 57.29% 0.34%
Cash From Operating Activities $56.00M $61.80M
YoY Change -9.39% 50.0%
INVESTING ACTIVITIES
Capital Expenditures -$119.3M -$81.00M
YoY Change 47.28% -34.73%
Acquisitions
YoY Change
Other Investing Activities $11.60M $48.70M
YoY Change -76.18% -701.23%
Cash From Investing Activities -$107.7M -$32.40M
YoY Change 232.41% -75.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.00M 49.90M
YoY Change -142.08% -30.98%
NET CHANGE
Cash From Operating Activities 56.00M 61.80M
Cash From Investing Activities -107.7M -32.40M
Cash From Financing Activities -21.00M 49.90M
Net Change In Cash -72.70M 79.30M
YoY Change -191.68% -524.06%
FREE CASH FLOW
Cash From Operating Activities $56.00M $61.80M
Capital Expenditures -$119.3M -$81.00M
Free Cash Flow $175.3M $142.8M
YoY Change 22.76% -13.61%

Facts In Submission

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Files In Submission

Name View Source Status
0001564590-17-014174-index-headers.html Edgar Link pending
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irdm-10q_20170630.htm Edgar Link pending
irdm-20170630.xml Edgar Link completed
irdm-20170630.xsd Edgar Link pending
irdm-20170630_cal.xml Edgar Link unprocessable
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