Iridium Communications Inc. financial data

Symbol
IRDM on Nasdaq
Industry
Communications Equipment, NEC
Location
1750 Tysons Boulevard, Suite 1400, Mclean, VA
State of incorporation
Delaware
Fiscal year end
December 31
Former names
GHL Acquisition Corp. (to 9/25/2009)
Latest financial report
10-Q - Q2 2024 - Jul 23, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 242 % +1.73%
Quick Ratio 70.8 % +109%
Debt-to-equity 213 % +27.2%
Return On Equity 10.2 %
Return On Assets 3.27 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 118M shares -5.33%
Common Stock, Shares, Outstanding 123M shares -2.48%
Entity Public Float 5.08B USD +40%
Common Stock, Value, Issued 126K USD -1.56%
Weighted Average Number of Shares Outstanding, Basic 121M shares -4.46%
Weighted Average Number of Shares Outstanding, Diluted 121M shares -3.96%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 797M USD +2.7%
Research and Development Expense 24.5M USD +21.7%
Costs and Expenses 629M USD -14.1%
Operating Income (Loss) 168M USD +283%
Nonoperating Income (Expense) -95.5M USD -31.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -28.8M USD -2028%
Income Tax Expense (Benefit) -3.09M USD +77%
Net Income (Loss) Attributable to Parent 88.4M USD
Earnings Per Share, Basic 0.71 USD/shares
Earnings Per Share, Diluted 0.27 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 63.5M USD -38.6%
Accounts Receivable, after Allowance for Credit Loss, Current 96.2M USD +4.39%
Inventory, Net 85.8M USD +53.9%
Assets, Current 264M USD -1.59%
Deferred Income Tax Assets, Net 1.8M USD +5.88%
Property, Plant and Equipment, Net 2.13B USD -7.18%
Operating Lease, Right-of-Use Asset 16.1M USD -4.68%
Intangible Assets, Net (Excluding Goodwill) 95.6M USD +128%
Goodwill 100M USD
Other Assets, Noncurrent 87.1M USD -19.7%
Assets 2.72B USD -2.26%
Accounts Payable, Current 15M USD -39.5%
Accrued Liabilities, Current 44.6M USD -8.99%
Liabilities, Current 118M USD -5.42%
Deferred Income Tax Liabilities, Net 122M USD -8.61%
Operating Lease, Liability, Noncurrent 14.1M USD -10.8%
Other Liabilities, Noncurrent 15.7M USD +5.43%
Liabilities 1.93B USD +8.46%
Accumulated Other Comprehensive Income (Loss), Net of Tax 35.1M USD -32.5%
Retained Earnings (Accumulated Deficit) -292M USD -71.4%
Stockholders' Equity Attributable to Parent 787M USD -21.3%
Liabilities and Equity 2.72B USD -2.26%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 71.4M USD +3.6%
Net Cash Provided by (Used in) Financing Activities 45.5M USD
Net Cash Provided by (Used in) Investing Activities -14.6M USD +55.7%
Common Stock, Shares Authorized 300M shares 0%
Common Stock, Shares, Issued 123M shares -2.48%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 102M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 63.5M USD -38.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 20.9M USD +11.2%
Deferred Tax Assets, Valuation Allowance 33.4M USD -3.53%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 Rate 0%
Deferred Tax Assets, Gross 429M USD -5.06%
Operating Lease, Liability 18.4M USD -5.98%
Payments to Acquire Property, Plant, and Equipment 14.6M USD -36.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 71.5M USD +16189%
Lessee, Operating Lease, Liability, to be Paid 21.8M USD -6.59%
Property, Plant and Equipment, Gross 3.73B USD +2.2%
Operating Lease, Liability, Current 4.33M USD +14.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 5.65M USD +13.9%
Lessee, Operating Lease, Liability, to be Paid, Year One 5.55M USD +9.45%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Deferred Income Tax Expense (Benefit) 6.79M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 3.79M USD -25.5%
Deferred Tax Assets, Operating Loss Carryforwards 351M USD -6.32%
Unrecognized Tax Benefits 2.4M USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.23M USD -32.3%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 2.4M USD +500%
Depreciation, Depletion and Amortization 230M USD -32.8%
Deferred Tax Assets, Net of Valuation Allowance 396M USD -5.19%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%