Iridium Communications Inc. (BIT:1IRDM)

Iridium Communications Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	79.31	93.53	71.87	168.77	320.91	237.18
Short-Term Investments	-	-	-	-	-	7.55
Cash & Short-Term Investments	79.31	93.53	71.87	168.77	320.91	244.73
Cash Growth	24.82%	30.13%	-57.42%	-47.41%	31.13%	9.47%
Receivables	81.05	98.8	91.72	82.27	63.41	61.15
Inventory	77.41	81.28	91.14	39.78	29.04	32.48
Prepaid Expenses	14.59	16.26	13.28	11.87	7.3	5.61
Other Current Assets	3.07	2.86	3.08	3.51	3.75	3.85
Total Current Assets	255.42	292.73	271.08	306.2	424.41	347.82
Property, Plant & Equipment	2,019	2,095	2,212	2,450	2,683	2,941
Long-Term Investments	71.01	89.82	133.63	142.15	-	-
Goodwill	98.94	98.19	-	-	-	-
Other Intangible Assets	88.9	90.88	41.1	42.58	44	45.5
Long-Term Deferred Tax Assets	-	1.8	-	-	-	-
Other Long-Term Assets	34.41	3.23	4.08	12.85	29.68	26.57
Total Assets	2,568	2,671	2,662	2,954	3,181	3,361
Accounts Payable	11.55	19.72	28.67	21.37	16.2	14.39
Accrued Expenses	44.55	59.77	50.5	64.18	44.42	45.67
Short-Term Debt	-	33.12	15	16.5	16.5	16.77
Current Portion of Leases	-	5.04	4.33	3.78	3.7	3.84
Current Unearned Revenue	45.71	51.57	33.06	35.74	28.02	32.41
Total Current Liabilities	101.82	169.21	131.55	141.58	108.84	113.07
Long-Term Debt	1,809	1,758	1,467	1,471	1,582	1,597
Long-Term Leases	-	11.06	14.09	15.8	19.59	23.26
Long-Term Unearned Revenue	38.66	38.26	43.97	45.27	48.07	51.26
Long-Term Deferred Tax Liabilities	117.95	114.14	114.64	151.57	134.28	155.08
Other Long-Term Liabilities	26.9	4.4	1.94	0.56	0.56	1.95
Total Liabilities	2,094	2,095	1,774	1,825	1,893	1,942
Common Stock	0.11	0.11	0.12	0.13	0.13	0.13
Additional Paid-In Capital	910.88	964.35	1,089	1,125	1,154	1,161
Retained Earnings	-446.67	-406.09	-235.4	-47.74	140.81	275.92
Comprehensive Income & Other	9.3	18.27	33.91	51.56	-7.05	-17.18
Shareholders' Equity	473.62	576.64	888.1	1,129	1,288	1,419
Total Liabilities & Equity	2,568	2,671	2,662	2,954	3,181	3,361
Total Debt	1,809	1,807	1,501	1,507	1,621	1,641
Net Cash (Debt)	-1,730	-1,713	-1,429	-1,338	-1,300	-1,396
Net Cash Per Share	-15.28	-14.30	-11.23	-10.28	-9.74	-10.46
Filing Date Shares Outstanding	106.11	108.84	122.45	125.97	128.37	134.28
Total Common Shares Outstanding	106.39	110.36	122.78	125.9	131.34	134.06
Working Capital	153.61	123.52	139.53	164.63	315.57	234.75
Book Value Per Share	4.45	5.23	7.23	8.96	9.81	10.59
Tangible Book Value	285.77	387.57	847	1,086	1,244	1,374
Tangible Book Value Per Share	2.69	3.51	6.90	8.63	9.47	10.25
Land	-	8.04	8.04	8.04	8.04	8.04
Buildings	-	39.16	33.43	32.7	30.2	29.92
Machinery	-	3,298	3,295	3,247	3,244	3,242
Construction In Progress	-	280.78	261.23	312.8	266.66	280.49

Source: S&P Global Market Intelligence. Standard template. Financial Sources.