Iridium Communications (IRDM) Financials

$25.77 +0.60 (+2.38%)

Closing price 04:00 PM Eastern

Extended Trading

$25.50 -0.27 (-1.05%)

As of 07:51 PM Eastern

Annual Income Statements for Iridium Communications

This table shows Iridium Communications' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-8.31	96	218	-24	-166	-56	-9.32	8.72	15	113
Consolidated Net Income / (Loss)	7.12	111	234	-13	-162	-56	-9.32	8.72	15	113
Net Income / (Loss) Continuing Operations	7.12	111	234	-13	-380	-56	-9.32	8.72	15	113
Total Pre-Tax Income	73	178	120	-21	-218	-89	-29	11	-4.75	110
Total Operating Income	74	176	115	42	10	35	46	77	82	200
Total Gross Profit	371	389	404	466	976	441	464	520	566	600
Total Revenue	411	434	448	523	1,121	583	615	721	791	831
Operating Revenue	411	434	448	523	1,121	583	615	721	791	831
Total Cost of Revenue	41	44	44	57	145	143	150	201	225	231
Operating Cost of Revenue	41	44	44	57	145	143	150	201	225	231
Total Operating Expenses	297	213	288	424	956	405	418	443	484	400
Selling, General & Admin Expense	81	83	84	98	93	90	100	124	144	168
Research & Development Expense	16	16	15	22	14	12	12	16	20	28
Depreciation Expense	52	49	122	218	298	303	305	303	320	203
Total Other Income / (Expense), net	-0.69	1.79	4.10	-62	-456	-124	-75	-66	-86	-91
Interest Expense	-3.07	-2.93	-4.33	55	227	124	75	66	90	91
Other Income / (Expense), net	-3.76	-1.14	-0.23	-7.15	-229	0.03	-0.42	0.11	4.01	0.53
Income Tax Expense	66	67	-114	-7.27	-56	-33	-20	0.29	-26	12
Other Gains / (Losses), net	-	-	-	-	-	0.00	0.00	-1.50	-6.09	15
Basic Earnings per Share	($0.09)	$1.00	$2.23	($0.22)	($1.33)	($0.42)	($0.07)	$0.07	$0.12	$0.95
Weighted Average Basic Shares Outstanding	95.10M	95.97M	97.93M	108.98M	125.17M	133.49M	133.53M	128.26M	125.60M	118.57M
Diluted Earnings per Share	($0.09)	$0.89	$1.82	$0.00	$0.00	-	-	$0.07	$0.12	$0.94
Weighted Average Diluted Shares Outstanding	95.10M	124.88M	128.13M	0.00	0.00	133.49M	133.53M	130.13M	127.22M	119.79M
Weighted Average Basic & Diluted Shares Outstanding	92.40M	95.60M	97.90M	107M	131.73M	134.28M	128.37M	125.97M	122.45M	108.84M
Cash Dividends to Common per Share	-	-	-	-	$4,194,000.00	-	-	-	$0.13	$0.55

This table shows Iridium Communications' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2.15	-0.81	9.78	-31	-1.64	38	20	32	24	36	30
Consolidated Net Income / (Loss)	2.15	-0.81	9.78	-31	-1.64	38	20	32	24	36	30
Net Income / (Loss) Continuing Operations	2.15	-0.81	9.78	-31	-1.64	38	20	32	24	36	30
Total Pre-Tax Income	0.10	-0.03	5.48	-34	-6.16	30	29	19	31	31	37
Total Operating Income	18	19	23	-16	28	46	50	44	55	52	60
Total Gross Profit	131	137	142	142	143	139	144	148	156	153	153
Total Revenue	184	194	205	193	198	195	204	201	213	213	215
Operating Revenue	184	194	205	193	198	195	204	201	213	213	215
Total Cost of Revenue	53	57	64	52	54	56	60	53	57	60	62
Operating Cost of Revenue	53	57	64	52	54	56	60	53	57	60	62
Total Operating Expenses	113	118	118	158	115	93	94	104	101	101	93
Selling, General & Admin Expense	32	37	39	37	33	34	37	47	44	41	36
Research & Development Expense	4.87	5.75	3.88	5.63	5.04	5.73	7.20	6.51	6.19	8.52	5.42
Depreciation Expense	76	76	76	115	77	53	50	51	51	51	52
Total Other Income / (Expense), net	-18	-19	-18	-18	-34	-16	-21	-24	-24	-22	-24
Interest Expense	18	19	18	19	35	19	21	24	24	22	22
Other Income / (Expense), net	-0.15	0.48	0.22	0.42	0.34	3.03	0.04	-0.65	0.31	0.83	-1.69
Income Tax Expense	-2.05	-0.72	-5.45	-5.21	-6.01	-9.58	7.93	4.57	6.01	-6.24	5.82
Other Gains / (Losses), net	0.00	-1.50	-1.16	-1.68	-1.49	-1.77	-1.57	18	-0.47	-0.41	-0.65
Basic Earnings per Share	$0.02	($0.01)	$0.08	($0.24)	($0.01)	$0.29	$0.16	$0.27	$0.21	$0.31	$0.28
Weighted Average Basic Shares Outstanding	127.70M	128.26M	127.06M	126.24M	125.18M	125.60M	123.15M	120.61M	117.45M	118.57M	109.76M
Diluted Earnings per Share	$0.02	-	$0.08	($0.24)	($0.01)	$0.29	$0.16	$0.27	$0.21	$0.30	$0.27
Weighted Average Diluted Shares Outstanding	129.08M	130.13M	128.74M	126.24M	125.18M	127.22M	123.99M	121.24M	118.11M	119.79M	110.67M
Weighted Average Basic & Diluted Shares Outstanding	251.29M	125.97M	251.85M	250.10M	247.70M	122.45M	242.86M	236.77M	113.85M	108.84M	108.16M
Cash Dividends to Common per Share	-	-	$0.13	$0.13	$0.13	-	$0.13	$0.14	$0.14	-	$0.14

This table details how cash moves in and out of Iridium Communications' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-21	208	-96	197	-242	14	84	-152	-97	22
Net Cash From Operating Activities	217	225	260	264	198	250	303	345	315	376
Net Cash From Continuing Operating Activities	217	225	260	264	198	250	303	349	322	379
Net Income / (Loss) Continuing Operations	7.12	111	234	-13	-162	-56	-9.32	8.72	15	113
Consolidated Net Income / (Loss)	7.12	111	234	-13	-162	-56	-9.32	8.72	15	113
Depreciation Expense	52	49	122	218	298	303	305	303	320	203
Amortization Expense	2.03	0.89	0.00	10	19	3.66	4.20	4.60	3.74	2.52
Non-Cash Adjustments To Reconcile Net Income	97	15	31	22	127	47	28	51	70	48
Changes in Operating Assets and Liabilities, net	75	49	-85	27	-83	-48	-25	-18	-88	13
Net Cash From Investing Activities	-439	-242	-373	-379	-128	-46	-36	-121	-83	-181
Net Cash From Continuing Investing Activities	-439	-242	-373	-379	-128	-46	-36	-127	-91	-181
Purchase of Property, Plant & Equipment	-495	-406	-400	-391	-118	-39	-42	-77	-81	-70
Acquisitions	-	-	-	-	-	-0.15	0.00	-50	-10	0.00
Purchase of Investments	-205	-20	-7.01	-236	-10	-7.63	-1.64	0.00	0.00	-111
Sale and/or Maturity of Investments	260	183	34	248	0.00	0.00	7.40	0.00	0.00	0.00
Net Cash From Financing Activities	202	224	17	194	-313	-188	-182	-375	-327	-170
Net Cash From Continuing Financing Activities	202	224	17	313	-313	-188	-182	-375	-327	-170
Repayment of Debt	-15	-12	-3.85	-162	-1,764	-398	-200	0.00	-1.16	-0.35
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-163	-257	-247	-408
Payment of Dividends	-15	-15	-3.86	-15	-8.39	-	0.00	0.00	-65	-65
Issuance of Debt	230	251	22	360	1,450	202	179	-117	-8.38	306
Other Financing Activities, net	2.07	-0.08	2.37	10	8.88	8.20	1.53	-1.42	-5.72	-3.26
Effect of Exchange Rate Changes	-0.76	0.51	0.14	-1.27	1.23	-1.49	-0.29	-	-	-3.22
Cash Interest Paid	19	23	0.00	36	119	99	72	64	92	95
Cash Income Taxes Paid	3.43	1.39	1.66	0.93	-0.61	-0.66	1.78	2.22	4.23	5.25

This table details how cash moves in and out of Iridium Communications' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-5.93	-50	-42	-23	-36	3.99	102	-210	197	-67	-45
Net Cash From Operating Activities	89	90	69	87	71	88	71	81	119	105	61
Net Cash From Continuing Operating Activities	92	92	69	91	73	89	71	81	119	108	61
Net Income / (Loss) Continuing Operations	2.15	-0.81	9.78	-31	-1.64	38	20	32	24	36	30
Consolidated Net Income / (Loss)	2.15	-0.81	9.78	-31	-1.64	38	20	32	24	36	30
Depreciation Expense	76	76	76	115	77	53	50	51	51	51	52
Amortization Expense	1.17	1.11	1.05	1.06	1.04	0.60	0.60	0.61	0.62	0.70	0.67
Non-Cash Adjustments To Reconcile Net Income	17	16	14	22	19	15	16	1.65	18	13	12
Changes in Operating Assets and Liabilities, net	-4.52	-0.57	-32	-16	-23	-17	-14	-4.25	24	6.96	-34
Net Cash From Investing Activities	-14	-27	-33	-22	-12	-16	-15	-123	-19	-24	-25
Net Cash From Continuing Investing Activities	-18	-28	-33	-26	-13	-18	-15	-123	-19	-24	-25
Purchase of Property, Plant & Equipment	-18	-28	-23	-26	-13	-18	-15	-12	-19	-24	-25
Net Cash From Financing Activities	-83	-111	-78	-87	-93	-69	46	-68	-3.31	-144	-81
Net Cash From Continuing Financing Activities	-83	-111	-78	-87	-93	-69	46	-168	97	-144	-81
Repayment of Debt	8.25	-	-4.13	4.13	-1.16	0.00	-4.12	-151	-4.73	160	-4.57
Repurchase of Common Equity	-80	-7.67	-53	-67	-75	-52	-57	-98	-130	-123	-70
Payment of Dividends	-	-	-16	-16	-16	-16	-16	-17	-16	-16	-16
Issuance of Debt	-	-104	0.00	-8.25	-0.13	-	125	97	248	-164	20
Other Financing Activities, net	1.33	0.60	-4.29	0.05	-0.66	-0.83	-1.91	0.09	-0.44	-1.00	-10
Cash Interest Paid	18	19	19	19	34	19	21	24	29	22	22
Cash Income Taxes Paid	0.39	0.89	0.90	0.99	0.96	1.37	1.35	1.54	0.68	1.68	2.40

This table presents Iridium Communications' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,071	3,500	3,782	4,014	3,624	3,361	3,181	2,954	2,662	2,671
Total Current Assets	482	517	411	390	343	348	424	306	271	293
Cash & Equivalents	186	371	286	273	224	237	321	169	72	94
Accounts Receivable	52	57	68	71	69	61	63	82	92	99
Inventories, net	28	18	20	28	40	32	29	40	91	81
Prepaid Expenses	13	31	25	18	11	9.46	11	15	16	19
Plant, Property, & Equipment, net	2,444	2,813	3,210	3,371	3,181	2,917	2,662	2,433	2,196	2,081
Total Noncurrent Assets	146	170	161	253	100	96	94	215	195	298
Long-Term Investments	-	-	-	-	-	-	0.00	50	67	43
Goodwill	-	-	-	-	-	-	-	-	0.00	98
Intangible Assets	47	46	50	49	47	46	44	43	41	91
Other Noncurrent Operating Assets	8.19	124	111	204	53	51	50	122	87	67
Total Liabilities & Shareholders' Equity	3,071	3,500	3,782	4,014	3,624	3,361	3,181	2,954	2,662	2,671
Total Liabilities	1,842	2,156	2,186	2,413	2,164	1,942	1,893	1,825	1,774	2,095
Total Current Liabilities	102	83	214	263	114	113	109	142	132	169
Short-Term Debt	-	0.00	86	126	11	17	17	17	15	33
Accounts Payable	32	11	43	13	6.71	14	16	21	29	20
Accrued Expenses	29	24	32	57	49	50	48	68	55	65
Current Deferred Revenue	37	34	38	37	39	32	28	36	33	52
Total Noncurrent Liabilities	1,741	2,073	1,971	2,150	2,051	1,828	1,784	1,684	1,642	1,926
Long-Term Debt	1,389	1,657	1,618	1,830	1,765	1,597	1,582	1,471	1,467	1,758
Noncurrent Deferred Revenue	29	36	48	75	67	51	48	45	44	38
Noncurrent Deferred & Payable Income Tax Liabilities	297	362	246	241	189	155	134	152	115	114
Other Noncurrent Operating Liabilities	27	17	60	4.16	29	25	20	16	16	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,229	1,344	1,596	1,602	1,459	1,419	1,288	1,129	888	577
Total Preferred & Common Equity	1,229	1,344	1,596	1,602	1,459	1,419	1,288	1,129	888	577
Total Common Equity	1,229	1,344	1,596	1,602	1,459	1,419	1,288	1,129	888	577
Common Stock	1,045	1,060	1,081	1,109	1,134	1,161	1,154	1,125	1,090	964
Retained Earnings	193	289	519	502	332	276	141	-48	-235	-406
Accumulated Other Comprehensive Income / (Loss)	-9.06	-5.45	-3.80	-8.80	-6.87	-17	-7.05	52	34	18

This table presents Iridium Communications' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	3,063	2,872	2,780	2,706	2,736	2,718	2,751	2,610
Total Current Assets	358	279	269	253	377	264	355	257
Cash & Equivalents	219	127	103	68	174	64	160	51
Accounts Receivable	87	101	92	101	93	96	96	105
Inventories, net	39	37	56	71	93	86	82	81
Prepaid Expenses	13	14	17	13	17	19	17	20
Plant, Property, & Equipment, net	2,480	2,384	2,291	2,229	2,158	2,127	2,100	2,051
Total Noncurrent Assets	224	209	221	224	201	327	297	303
Long-Term Investments	-	72	70	69	66	44	43	42
Goodwill	-	-	-	-	-	100	100	99
Intangible Assets	43	42	42	41	41	96	93	90
Other Noncurrent Operating Assets	181	95	109	113	94	87	60	72
Total Liabilities & Shareholders' Equity	3,063	2,872	2,780	2,706	2,736	2,718	2,751	2,610
Total Liabilities	1,917	1,786	1,780	1,781	1,882	1,931	2,087	2,092
Total Current Liabilities	127	116	124	119	113	118	135	129
Short-Term Debt	17	17	17	11	16	16	18	29
Accounts Payable	28	24	25	14	23	15	14	11
Accrued Expenses	46	43	49	59	43	45	56	44
Current Deferred Revenue	36	33	34	34	31	42	48	45
Total Noncurrent Liabilities	1,791	1,670	1,656	1,662	1,769	1,813	1,952	1,963
Long-Term Debt	1,573	1,468	1,465	1,471	1,588	1,635	1,777	1,778
Noncurrent Deferred Revenue	47	44	43	43	42	41	40	37
Noncurrent Deferred & Payable Income Tax Liabilities	154	143	133	132	124	122	120	117
Other Noncurrent Operating Liabilities	17	15	15	17	16	16	15	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,145	1,086	1,000	925	854	787	664	518
Total Preferred & Common Equity	1,145	1,086	1,000	925	854	787	664	518
Total Common Equity	1,145	1,086	1,000	925	854	787	664	518
Common Stock	1,126	1,127	1,119	1,105	1,070	1,044	1,004	930
Retained Earnings	-38	-83	-170	-234	-256	-292	-355	-425
Accumulated Other Comprehensive Income / (Loss)	57	42	52	53	40	35	15	13

This table displays calculated financial ratios and metrics derived from Iridium Communications' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.69%	5.41%	3.32%	16.73%	114.32%	-47.95%	5.32%	17.34%	9.67%	5.05%
EBITDA Growth	-33.49%	82.00%	5.32%	10.67%	-62.96%	251.64%	3.85%	8.25%	6.37%	-0.69%
EBIT Growth	-37.91%	150.17%	-34.23%	-70.06%	-735.51%	116.20%	29.23%	67.30%	11.53%	134.61%
NOPAT Growth	-90.92%	1,428.70%	105.47%	-87.09%	-75.70%	250.62%	30.52%	129.95%	-23.35%	211.53%
Net Income Growth	-90.50%	1,458.78%	110.62%	-105.72%	-1,110.39%	65.40%	83.38%	193.59%	76.74%	631.60%
EPS Growth	-113.04%	1,088.89%	104.49%	-100.00%	0.00%	0.00%	0.00%	0.00%	71.43%	683.33%
Operating Cash Flow Growth	1.21%	3.55%	15.29%	1.57%	-24.86%	26.05%	21.26%	13.82%	-8.65%	19.38%
Free Cash Flow Firm Growth	-20.16%	-19.44%	47.10%	-42.66%	212.66%	-14.72%	-0.24%	-5.19%	-8.17%	-20.01%
Invested Capital Growth	16.50%	21.65%	15.85%	9.81%	-8.86%	-7.67%	-8.01%	-6.55%	-6.91%	0.00%
Revenue Q/Q Growth	1.46%	0.24%	111.47%	52.21%	114.32%	-62.70%	-17.57%	34.38%	0.11%	2.25%
EBITDA Q/Q Growth	-38.82%	67.41%	-0.62%	7.63%	-68.72%	381.71%	480.20%	303.11%	1.64%	0.59%
EBIT Q/Q Growth	-53.39%	107.64%	-32.42%	25.46%	-11,240.85%	114.96%	-19.93%	-15.44%	54.12%	1.83%
NOPAT Q/Q Growth	-92.81%	536.84%	98.08%	49.59%	1.43%	-17.71%	65.37%	53.01%	50.87%	-0.39%
Net Income Q/Q Growth	-92.85%	534.54%	101.46%	-109.84%	-162.46%	64.06%	17.97%	139.22%	165.83%	-1.47%
EPS Q/Q Growth	-111.11%	0.00%	100.00%	-100.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	1.21%	-41.05%	-1.61%	-6.47%	9.70%	6.36%	6.73%	0.16%	-0.78%	4.73%
Free Cash Flow Firm Q/Q Growth	12.03%	-18.27%	32.81%	29.62%	292.13%	7.82%	8.50%	45.07%	-21.33%	-7.68%
Invested Capital Q/Q Growth	6.00%	11.49%	10.59%	5.96%	-1.23%	-2.16%	-2.61%	-4.70%	-1.70%	-1.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	90.08%	89.79%	90.08%	89.13%	87.05%	75.54%	75.53%	72.10%	71.53%	72.24%
EBITDA Margin	30.12%	52.00%	53.01%	50.26%	8.69%	58.68%	57.86%	53.38%	51.77%	48.94%
Operating Margin	17.94%	40.67%	25.77%	7.96%	0.90%	6.08%	7.54%	10.63%	10.32%	24.12%
EBIT Margin	17.03%	40.41%	25.72%	6.60%	-19.56%	6.09%	7.47%	10.65%	10.83%	24.19%
Profit (Net Income) Margin	1.73%	25.60%	52.19%	-2.56%	-14.45%	-9.61%	-1.52%	1.21%	1.95%	13.58%
Tax Burden Percent	9.74%	62.32%	195.58%	64.82%	74.27%	63.01%	32.26%	82.99%	-324.73%	102.73%
Interest Burden Percent	104.38%	101.67%	103.76%	-59.85%	99.48%	-250.49%	-62.94%	13.69%	-5.54%	54.64%
Effective Tax Rate	90.26%	37.68%	-95.58%	0.00%	0.00%	0.00%	0.00%	2.78%	0.00%	11.17%
Return on Invested Capital (ROIC)	0.36%	4.63%	8.03%	0.92%	0.22%	0.86%	1.21%	3.00%	2.47%	7.98%
ROIC Less NNEP Spread (ROIC-NNEP)	0.35%	4.74%	8.63%	-1.79%	-10.11%	-4.67%	-1.94%	-2.17%	-0.73%	3.63%
Return on Net Nonoperating Assets (RNNOA)	0.22%	4.00%	7.87%	-1.76%	-10.81%	-4.75%	-1.90%	-2.28%	-0.94%	7.42%
Return on Equity (ROE)	0.58%	8.63%	15.91%	-0.84%	-10.59%	-3.89%	-0.69%	0.72%	1.53%	15.40%
Cash Return on Invested Capital (CROIC)	-14.88%	-14.90%	-6.65%	-8.43%	9.49%	8.83%	9.55%	9.77%	9.62%	7.98%
Operating Return on Assets (OROA)	2.34%	5.33%	3.17%	0.89%	-5.74%	1.02%	1.40%	2.50%	3.05%	7.53%
Return on Assets (ROA)	0.24%	3.38%	6.42%	-0.34%	-4.24%	-1.61%	-0.28%	0.28%	0.55%	4.23%
Return on Common Equity (ROCE)	0.58%	8.63%	15.91%	-0.84%	-10.59%	-3.89%	-0.69%	0.72%	1.53%	15.40%
Return on Equity Simple (ROE_SIMPLE)	0.58%	8.26%	14.65%	-0.84%	-11.10%	-3.95%	-0.72%	0.77%	1.74%	19.56%
Net Operating Profit after Tax (NOPAT)	7.19	110	226	29	7.08	25	32	75	57	178
NOPAT Margin	1.75%	25.35%	50.41%	5.57%	0.63%	4.26%	5.28%	10.34%	7.23%	21.43%
Net Nonoperating Expense Percent (NNEP)	0.01%	-0.10%	-0.60%	2.72%	10.33%	5.52%	3.15%	5.17%	3.19%	4.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.85%	2.41%	7.52%
Cost of Revenue to Revenue	9.92%	10.21%	9.92%	10.87%	12.95%	24.46%	24.47%	27.90%	28.47%	27.76%
SG&A Expenses to Revenue	19.80%	19.04%	18.84%	18.71%	8.31%	15.43%	16.35%	17.13%	18.17%	20.25%
R&D to Revenue	3.92%	3.71%	3.40%	4.29%	1.28%	2.06%	1.93%	2.25%	2.56%	3.42%
Operating Expenses to Revenue	72.14%	49.12%	64.31%	81.16%	85.25%	69.46%	67.99%	61.47%	61.21%	48.12%
Earnings before Interest and Taxes (EBIT)	70	175	115	35	-219	36	46	77	86	201
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	124	226	238	263	97	342	356	385	409	407
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.64	0.67	0.71	1.26	2.17	3.62	4.15	5.55	5.63	5.73
Price to Tangible Book Value (P/TBV)	0.66	0.69	0.73	1.30	2.24	3.74	4.30	5.77	5.90	8.52
Price to Revenue (P/Rev)	1.90	2.08	2.53	3.85	2.82	8.81	8.71	8.69	6.32	3.98
Price to Earnings (P/E)	0.00	9.43	5.19	0.00	0.00	0.00	0.00	718.58	324.25	29.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.29%	1.90%
Earnings Yield	0.00%	10.61%	19.27%	0.00%	0.00%	0.00%	0.00%	0.14%	0.31%	3.41%
Enterprise Value to Invested Capital (EV/IC)	0.83	0.82	0.84	1.12	1.56	2.33	2.58	3.14	2.84	2.22
Enterprise Value to Revenue (EV/Rev)	4.33	4.95	5.67	7.07	4.21	11.15	10.79	10.45	8.02	5.97
Enterprise Value to EBITDA (EV/EBITDA)	14.39	9.52	10.69	14.06	48.47	19.01	18.64	19.58	15.49	12.20
Enterprise Value to EBIT (EV/EBIT)	25.45	12.26	22.03	107.13	0.00	183.22	144.41	98.14	74.05	24.68
Enterprise Value to NOPAT (EV/NOPAT)	247.91	19.54	11.24	126.76	666.17	261.99	204.44	101.09	110.99	27.86
Enterprise Value to Operating Cash Flow (EV/OCF)	8.20	9.54	9.78	14.02	23.82	26.05	21.88	21.86	20.14	13.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	15.70	25.39	25.92	31.08	28.48	27.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.13	1.23	1.07	1.22	1.22	1.14	1.24	1.32	1.67	3.11
Long-Term Debt to Equity	1.13	1.23	1.01	1.14	1.21	1.13	1.23	1.30	1.65	3.05
Financial Leverage	0.62	0.84	0.91	0.98	1.07	1.02	0.98	1.05	1.30	2.05
Leverage Ratio	2.43	2.55	2.48	2.44	2.50	2.43	2.42	2.54	2.78	3.64
Compound Leverage Factor	2.54	2.60	2.57	-1.46	2.48	-6.08	-1.52	0.35	-0.15	1.99
Debt to Total Capital	53.06%	55.22%	51.62%	54.98%	54.90%	53.20%	55.37%	56.86%	62.54%	75.64%
Short-Term Debt to Total Capital	0.00%	0.00%	2.59%	3.54%	0.34%	0.55%	0.57%	0.63%	0.63%	1.40%
Long-Term Debt to Total Capital	53.06%	55.22%	49.03%	51.44%	54.56%	52.65%	54.80%	56.22%	61.90%	74.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.94%	44.78%	48.38%	45.02%	45.10%	46.80%	44.63%	43.14%	37.46%	24.36%
Debt to EBITDA	11.21	7.35	7.17	7.44	18.25	4.71	4.49	3.86	3.62	4.40
Net Debt to EBITDA	8.07	5.53	5.92	6.40	15.95	4.00	3.59	3.30	3.28	4.07
Long-Term Debt to EBITDA	11.21	7.35	6.81	6.96	18.13	4.66	4.45	3.82	3.58	4.32
Debt to NOPAT	193.15	15.08	7.54	67.08	250.76	64.97	49.29	19.95	25.95	10.06
Net Debt to NOPAT	139.05	11.34	6.23	57.70	219.20	55.11	39.39	17.02	23.51	9.30
Long-Term Debt to NOPAT	193.15	15.08	7.16	62.75	249.22	64.29	48.78	19.73	25.68	9.87
Altman Z-Score	0.70	0.80	0.78	0.87	1.19	2.00	2.12	2.43	2.03	1.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.74	6.21	1.92	1.49	3.01	3.08	3.90	2.16	2.06	1.73
Quick Ratio	4.34	5.62	1.71	1.31	2.57	2.71	3.53	1.77	1.24	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-296	-354	-187	-267	301	256	256	242	223	178
Operating Cash Flow to CapEx	43.95%	55.51%	64.89%	67.38%	168.18%	645.58%	718.61%	447.91%	390.92%	537.92%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-4.84	1.32	2.06	3.42	3.66	2.46	1.95
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	4.78	0.87	2.01	4.05	5.20	3.48	4.13
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-2.32	0.35	1.70	3.49	4.04	2.59	3.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.13	0.12	0.13	0.29	0.17	0.19	0.24	0.28	0.31
Accounts Receivable Turnover	8.04	7.95	7.15	7.51	16.02	8.99	9.87	9.90	9.09	8.72
Inventory Turnover	1.45	1.92	2.32	2.39	4.30	3.94	4.89	5.85	3.44	2.67
Fixed Asset Turnover	0.19	0.17	0.15	0.16	0.34	0.19	0.22	0.28	0.34	0.39
Accounts Payable Turnover	1.66	2.08	1.64	2.03	14.82	13.52	9.83	10.71	9.00	9.53
Days Sales Outstanding (DSO)	45.40	45.89	51.08	48.59	22.78	40.62	36.99	36.87	40.16	41.86
Days Inventory Outstanding (DIO)	252.05	190.10	157.15	152.81	84.84	92.62	74.66	62.44	106.13	136.47
Days Payable Outstanding (DPO)	220.04	175.78	222.68	179.65	24.62	26.99	37.12	34.09	40.57	38.30
Cash Conversion Cycle (CCC)	77.41	60.21	-14.45	21.74	83.00	106.25	74.54	65.23	105.71	140.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,141	2,605	3,017	3,313	3,020	2,788	2,565	2,397	2,232	2,231
Invested Capital Turnover	0.21	0.18	0.16	0.17	0.35	0.20	0.23	0.29	0.34	0.37
Increase / (Decrease) in Invested Capital	303	463	413	296	-294	-232	-223	-168	-166	-0.11
Enterprise Value (EV)	1,783	2,148	2,539	3,696	4,719	6,507	6,628	7,536	6,342	4,959
Market Capitalization	783	901	1,133	2,014	3,166	5,138	5,351	6,267	4,998	3,304
Book Value per Share	$12.94	$14.03	$16.30	$14.38	$11.13	$10.65	$9.74	$8.98	$7.17	$5.07
Tangible Book Value per Share	$12.45	$13.55	$15.78	$13.95	$10.77	$10.31	$9.41	$8.64	$6.84	$3.40
Total Capital	2,617	3,001	3,300	3,557	3,236	3,033	2,886	2,616	2,371	2,368
Total Debt	1,389	1,657	1,704	1,956	1,776	1,614	1,598	1,487	1,482	1,791
Total Long-Term Debt	1,389	1,657	1,618	1,830	1,765	1,597	1,582	1,471	1,467	1,758
Net Debt	1,000	1,247	1,406	1,682	1,553	1,369	1,277	1,269	1,343	1,655
Capital Expenditures (CapEx)	495	406	400	391	118	39	42	77	81	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.89	23	-15	-20	16	6.79	11	12	83	63
Debt-free Net Working Capital (DFNWC)	380	434	282	254	240	252	332	181	155	157
Net Working Capital (NWC)	380	434	197	128	229	235	316	165	140	124
Net Nonoperating Expense (NNE)	0.07	-1.12	-8.01	43	169	81	42	66	42	65
Net Nonoperating Obligations (NNO)	912	1,261	1,421	1,712	1,561	1,369	1,277	1,269	1,343	1,655
Total Depreciation and Amortization (D&A)	54	50	122	228	317	307	310	308	324	206
Debt-free, Cash-free Net Working Capital to Revenue	-2.16%	5.32%	-3.42%	-3.76%	1.47%	1.16%	1.82%	1.71%	10.45%	7.60%
Debt-free Net Working Capital to Revenue	92.40%	99.99%	63.02%	48.50%	21.42%	43.11%	54.04%	25.12%	19.54%	18.86%
Net Working Capital to Revenue	92.40%	99.99%	43.93%	24.41%	20.45%	40.24%	51.35%	22.83%	17.65%	14.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.09)	$1.00	$2.23	($0.22)	($1.33)	$0.00	($0.07)	$0.07	$0.12	$0.95
Adjusted Weighted Average Basic Shares Outstanding	95.10M	95.97M	97.93M	108.98M	125.17M	0.00	133.53M	128.26M	125.60M	118.57M
Adjusted Diluted Earnings per Share	($0.09)	$0.89	$1.82	($0.22)	($1.33)	$0.00	$0.00	$0.00	$0.00	$0.94
Adjusted Weighted Average Diluted Shares Outstanding	95.10M	124.88M	128.13M	108.98M	125.17M	0.00	0.00	130.13M	127.22M	119.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.07)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	95.13M	95.90M	98.21M	112.24M	131.73M	0.00	128.37M	125.97M	122.45M	108.84M
Normalized Net Operating Profit after Tax (NOPAT)	113	110	81	29	7.08	25	32	75	57	178
Normalized NOPAT Margin	27.37%	25.35%	18.04%	5.57%	0.63%	4.26%	5.28%	10.34%	7.23%	21.43%
Pre Tax Income Margin	17.77%	41.09%	26.69%	-3.95%	-19.46%	-15.25%	-4.70%	1.46%	-0.60%	13.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.63	-0.97	0.29	0.61	1.16	0.95	2.20
NOPAT to Interest Expense	0.00	0.00	0.00	0.53	0.03	0.20	0.43	1.12	0.63	1.95
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-6.47	-1.48	-0.03	0.05	0.00	0.06	1.44
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-6.57	-0.49	-0.11	-0.13	-0.04	-0.26	1.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	216.71%	13.90%	1.65%	-115.26%	-5.18%	0.00%	0.00%	0.00%	420.20%	57.40%
Augmented Payout Ratio	216.71%	13.90%	1.65%	-115.26%	-5.18%	0.00%	-1,753.86%	2,947.25%	2,022.66%	418.94%

This table displays calculated financial ratios and metrics derived from Iridium Communications' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.51%	1,972.67%	22.03%	10.40%	7.36%	0.47%	-0.69%	4.12%	7.68%	9.37%	5.41%
EBITDA Growth	493.40%	178.95%	4.36%	2.72%	11.61%	6.86%	-0.08%	-5.69%	0.55%	2.31%	10.87%
EBIT Growth	18.60%	-42.14%	21.54%	-175.57%	60.75%	156.19%	113.18%	376.49%	93.57%	7.32%	17.84%
NOPAT Growth	3,703.28%	75.88%	295.32%	-168.40%	-95.07%	363.98%	-21.57%	397.60%	124.26%	2.96%	40.38%
Net Income Growth	203.07%	86.27%	246.14%	-774.59%	-176.41%	4,805.82%	101.05%	205.19%	1,588.79%	-4.42%	54.74%
EPS Growth	-33.33%	0.00%	0.00%	0.00%	-150.00%	0.00%	100.00%	212.50%	2,200.00%	3.45%	68.75%
Operating Cash Flow Growth	1.98%	0.60%	4.82%	-12.77%	-20.00%	-2.73%	3.60%	-6.82%	66.81%	19.34%	-14.48%
Free Cash Flow Firm Growth	128.81%	-21.54%	10.07%	32.25%	-48.92%	25.09%	-17.59%	-95.56%	-77.94%	-72.24%	-80.94%
Invested Capital Growth	-4.50%	-6.55%	-7.19%	-9.37%	-9.75%	-6.91%	-6.46%	1.00%	-0.63%	0.00%	0.67%
Revenue Q/Q Growth	5.23%	5.31%	5.90%	-5.93%	2.33%	-1.45%	4.68%	-1.37%	5.82%	0.10%	0.89%
EBITDA Q/Q Growth	-2.19%	0.86%	4.28%	-0.15%	6.28%	-3.43%	-2.49%	-5.76%	13.31%	-1.74%	5.67%
EBIT Q/Q Growth	-13.85%	8.61%	21.36%	-166.56%	283.24%	73.09%	0.99%	-13.68%	28.29%	-4.03%	10.89%
NOPAT Q/Q Growth	2,348.04%	-96.72%	251.53%	-124.20%	276.29%	209.37%	-40.58%	-8.17%	32.85%	42.03%	-18.98%
Net Income Q/Q Growth	-52.84%	-137.60%	1,309.78%	-414.49%	94.66%	2,415.65%	-48.31%	64.53%	-24.40%	48.66%	-16.31%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-400.00%	95.83%	3,000.00%	0.00%	68.75%	-22.22%	42.86%	-10.00%
Operating Cash Flow Q/Q Growth	-10.92%	1.55%	-23.63%	26.26%	-18.30%	23.47%	-18.66%	13.56%	46.25%	-11.66%	-41.71%
Free Cash Flow Firm Q/Q Growth	201.67%	-65.08%	26.95%	-1.11%	16.53%	-14.49%	-16.36%	-94.67%	478.50%	7.62%	-42.58%
Invested Capital Q/Q Growth	-1.20%	-4.70%	-1.09%	-2.69%	-1.61%	-1.70%	-0.62%	5.08%	-3.20%	-1.08%	0.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.32%	70.61%	68.95%	73.31%	72.56%	71.44%	70.41%	73.44%	73.39%	71.73%	71.31%
EBITDA Margin	51.77%	49.58%	48.83%	51.82%	53.82%	52.74%	49.13%	46.94%	50.26%	49.34%	51.68%
Operating Margin	9.71%	9.69%	11.28%	-8.27%	14.25%	23.77%	24.42%	21.71%	25.78%	24.47%	28.10%
EBIT Margin	9.63%	9.93%	11.38%	-8.05%	14.42%	25.33%	24.44%	21.39%	25.93%	24.86%	27.32%
Profit (Net Income) Margin	1.17%	-0.42%	4.76%	-15.92%	-0.83%	19.53%	9.64%	16.08%	11.49%	17.06%	14.15%
Tax Burden Percent	2,238.54%	2,448.48%	178.47%	89.69%	26.65%	125.85%	67.42%	168.39%	79.07%	119.10%	82.46%
Interest Burden Percent	0.54%	-0.17%	23.44%	220.39%	-21.62%	61.25%	58.52%	44.66%	56.05%	57.64%	62.82%
Effective Tax Rate	-2,138.54%	0.00%	-99.56%	0.00%	0.00%	-31.70%	27.21%	23.77%	19.42%	-20.46%	15.78%
Return on Invested Capital (ROIC)	45.30%	1.97%	6.93%	-1.85%	3.29%	10.70%	6.11%	5.69%	7.46%	10.97%	8.95%
ROIC Less NNEP Spread (ROIC-NNEP)	15.63%	0.87%	4.18%	-3.32%	1.72%	8.94%	4.86%	5.62%	6.11%	9.21%	7.62%
Return on Net Nonoperating Assets (RNNOA)	16.99%	0.92%	4.86%	-4.06%	2.26%	11.58%	6.64%	8.97%	11.30%	18.85%	17.11%
Return on Equity (ROE)	62.30%	2.89%	11.78%	-5.91%	5.55%	22.28%	12.76%	14.66%	18.76%	29.82%	26.06%
Cash Return on Invested Capital (CROIC)	6.49%	9.77%	12.75%	11.09%	11.83%	9.62%	14.60%	6.55%	8.53%	7.98%	8.00%
Operating Return on Assets (OROA)	1.65%	2.33%	2.90%	-2.13%	3.95%	7.13%	6.88%	6.20%	7.72%	7.74%	8.60%
Return on Assets (ROA)	0.20%	-0.10%	1.21%	-4.22%	-0.23%	5.50%	2.71%	4.66%	3.42%	5.32%	4.46%
Return on Common Equity (ROCE)	62.30%	2.89%	11.78%	-5.91%	5.55%	22.28%	12.76%	14.66%	18.76%	29.82%	26.06%
Return on Equity Simple (ROE_SIMPLE)	0.32%	0.00%	1.44%	-1.96%	-2.53%	0.00%	2.96%	11.23%	17.24%	0.00%	23.83%
Net Operating Profit after Tax (NOPAT)	400	13	46	-11	20	61	36	33	44	63	51
NOPAT Margin	217.38%	6.78%	22.50%	-5.79%	9.97%	31.31%	17.77%	16.55%	20.77%	29.47%	23.67%
Net Nonoperating Expense Percent (NNEP)	29.67%	1.10%	2.75%	1.46%	1.57%	1.76%	1.25%	0.07%	1.34%	1.76%	1.33%
Return On Investment Capital (ROIC_SIMPLE)	-	0.50%	-	-	-	2.57%	-	-	-	2.65%	2.19%
Cost of Revenue to Revenue	28.68%	29.39%	31.05%	26.69%	27.44%	28.56%	29.59%	26.56%	26.61%	28.27%	28.69%
SG&A Expenses to Revenue	17.46%	18.88%	18.85%	19.34%	16.89%	17.62%	18.06%	23.24%	20.66%	19.11%	16.64%
R&D to Revenue	2.64%	2.97%	1.89%	2.91%	2.55%	2.94%	3.53%	3.24%	2.91%	4.00%	2.52%
Operating Expenses to Revenue	61.61%	60.92%	57.67%	81.58%	58.31%	47.67%	45.99%	51.73%	47.61%	47.26%	43.20%
Earnings before Interest and Taxes (EBIT)	18	19	23	-16	28	49	50	43	55	53	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	95	96	100	100	106	103	100	94	107	105	111
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.82	5.55	7.06	7.70	6.04	5.63	3.78	4.11	5.43	5.73	5.74
Price to Tangible Book Value (P/TBV)	5.01	5.77	7.34	8.04	6.32	5.90	3.97	5.47	7.67	8.52	9.02
Price to Revenue (P/Rev)	10.29	8.69	10.11	9.92	7.07	6.32	4.08	4.05	4.44	3.98	3.53
Price to Earnings (P/E)	0.00	718.58	488.97	0.00	0.00	324.25	127.43	36.58	31.49	29.30	24.07
Dividend Yield	0.00%	0.00%	0.21%	0.43%	0.87%	1.29%	2.00%	1.99%	1.77%	1.90%	2.05%
Earnings Yield	0.00%	0.14%	0.20%	0.00%	0.00%	0.31%	0.78%	2.73%	3.18%	3.41%	4.15%
Enterprise Value to Invested Capital (EV/IC)	2.74	3.14	3.77	3.90	3.05	2.84	2.07	2.05	2.30	2.22	2.10
Enterprise Value to Revenue (EV/Rev)	12.85	10.45	11.80	11.60	8.78	8.02	5.81	5.99	6.40	5.97	5.57
Enterprise Value to EBITDA (EV/EBITDA)	72.19	19.58	23.00	23.00	17.21	15.49	11.21	11.83	12.86	12.20	11.23
Enterprise Value to EBIT (EV/EBIT)	75.90	98.14	110.58	201.09	124.73	74.05	40.93	27.99	26.34	24.68	22.34
Enterprise Value to NOPAT (EV/NOPAT)	141.47	101.09	68.71	293.65	182.99	110.99	25.23	27.29	29.08	27.86	24.32
Enterprise Value to Operating Cash Flow (EV/OCF)	20.03	21.86	25.72	26.88	21.84	20.14	14.45	15.34	14.48	13.19	12.82
Enterprise Value to Free Cash Flow (EV/FCFF)	41.24	31.08	28.51	33.47	24.49	28.48	13.69	31.45	26.94	27.84	26.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.39	1.32	1.37	1.48	1.60	1.67	1.88	2.10	2.70	3.11	3.49
Long-Term Debt to Equity	1.37	1.30	1.35	1.46	1.59	1.65	1.86	2.08	2.68	3.05	3.43
Financial Leverage	1.09	1.05	1.16	1.23	1.31	1.30	1.37	1.60	1.85	2.05	2.24
Leverage Ratio	2.54	2.54	2.61	2.69	2.79	2.78	2.89	3.08	3.43	3.64	3.90
Compound Leverage Factor	0.01	0.00	0.61	5.92	-0.60	1.71	1.69	1.37	1.93	2.10	2.45
Debt to Total Capital	58.12%	56.86%	57.75%	59.69%	61.57%	62.54%	65.26%	67.73%	73.00%	75.64%	77.71%
Short-Term Debt to Total Capital	0.60%	0.63%	0.64%	0.67%	0.47%	0.63%	0.66%	0.67%	0.74%	1.40%	1.23%
Long-Term Debt to Total Capital	57.51%	56.22%	57.11%	59.02%	61.10%	61.90%	64.60%	67.06%	72.26%	74.25%	76.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.88%	43.14%	42.25%	40.31%	38.43%	37.46%	34.74%	32.27%	27.00%	24.36%	22.29%
Debt to EBITDA	16.64	3.86	3.81	3.78	3.68	3.62	3.92	4.09	4.44	4.40	4.33
Net Debt to EBITDA	14.35	3.30	3.30	3.34	3.34	3.28	3.33	3.83	3.94	4.07	4.11
Long-Term Debt to EBITDA	16.47	3.82	3.77	3.74	3.65	3.58	3.88	4.05	4.40	4.32	4.26
Debt to NOPAT	32.61	19.95	11.40	48.28	39.13	25.95	8.82	9.43	10.04	10.06	9.37
Net Debt to NOPAT	28.12	17.02	9.87	42.61	35.52	23.51	7.50	8.82	8.91	9.30	8.89
Long-Term Debt to NOPAT	32.28	19.73	11.27	47.74	38.83	25.68	8.73	9.34	9.94	9.87	9.23
Altman Z-Score	2.00	2.37	2.89	2.83	2.15	1.99	1.36	1.26	1.31	1.17	1.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.82	2.16	2.40	2.16	2.13	2.06	3.33	2.25	2.62	1.73	1.99
Quick Ratio	2.41	1.77	1.95	1.57	1.42	1.24	2.36	1.36	1.89	1.14	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	519	181	230	227	265	227	189	10	58	63	36
Operating Cash Flow to CapEx	493.30%	323.25%	300.99%	328.59%	549.58%	481.90%	490.43%	651.94%	637.23%	431.80%	248.84%
Free Cash Flow to Firm to Interest Expense	29.41	9.39	12.85	12.14	7.64	11.85	9.17	0.42	2.41	2.80	1.65
Operating Cash Flow to Interest Expense	5.04	4.68	3.85	4.65	2.05	4.59	3.46	3.41	4.89	4.67	2.80
Operating Cash Flow Less CapEx to Interest Expense	4.02	3.23	2.57	3.23	1.68	3.64	2.75	2.89	4.12	3.59	1.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.24	0.25	0.27	0.27	0.28	0.28	0.29	0.30	0.31	0.31
Accounts Receivable Turnover	6.82	9.90	8.39	9.29	8.42	9.09	8.15	8.47	8.24	8.72	8.48
Inventory Turnover	7.10	5.85	6.72	5.39	4.10	3.44	3.41	3.16	2.95	2.67	2.68
Fixed Asset Turnover	0.21	0.28	0.30	0.32	0.34	0.34	0.35	0.36	0.38	0.39	0.40
Accounts Payable Turnover	11.29	10.71	11.36	11.55	10.56	9.00	9.59	11.21	16.14	9.53	13.65
Days Sales Outstanding (DSO)	53.48	36.87	43.50	39.30	43.34	40.16	44.78	43.11	44.29	41.86	43.03
Days Inventory Outstanding (DIO)	51.41	62.44	54.33	67.76	88.93	106.13	106.91	115.57	123.86	136.47	136.33
Days Payable Outstanding (DPO)	32.33	34.09	32.12	31.60	34.56	40.57	38.05	32.55	22.61	38.30	26.74
Cash Conversion Cycle (CCC)	72.56	65.23	65.70	75.46	97.71	105.71	113.63	126.13	145.54	140.03	152.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,515	2,397	2,371	2,307	2,270	2,232	2,218	2,331	2,256	2,231	2,233
Invested Capital Turnover	0.21	0.29	0.31	0.32	0.33	0.34	0.34	0.34	0.36	0.37	0.38
Increase / (Decrease) in Invested Capital	-118	-168	-184	-238	-245	-166	-153	23	-14	-0.11	15
Enterprise Value (EV)	6,893	7,536	8,949	9,008	6,931	6,342	4,587	4,776	5,197	4,959	4,688
Market Capitalization	5,522	6,267	7,664	7,701	5,585	4,998	3,223	3,232	3,605	3,304	2,973
Book Value per Share	$9.02	$8.98	$8.62	$7.94	$7.40	$7.17	$6.93	$6.48	$5.61	$5.07	$4.76
Tangible Book Value per Share	$8.68	$8.64	$8.28	$7.61	$7.07	$6.84	$6.60	$4.87	$3.97	$3.40	$3.03
Total Capital	2,734	2,616	2,570	2,481	2,407	2,371	2,457	2,438	2,459	2,368	2,325
Total Debt	1,589	1,487	1,484	1,481	1,482	1,482	1,604	1,651	1,795	1,791	1,807
Total Long-Term Debt	1,573	1,471	1,468	1,465	1,471	1,467	1,588	1,635	1,777	1,758	1,778
Net Debt	1,370	1,269	1,285	1,307	1,345	1,343	1,364	1,544	1,592	1,655	1,714
Capital Expenditures (CapEx)	18	28	23	26	13	18	15	12	19	24	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	29	12	52	57	77	83	106	100	78	63	105
Debt-free Net Working Capital (DFNWC)	248	181	179	161	145	155	280	163	238	157	156
Net Working Capital (NWC)	231	165	162	144	134	140	264	147	220	124	127
Net Nonoperating Expense (NNE)	398	14	36	20	21	23	17	0.93	20	26	20
Net Nonoperating Obligations (NNO)	1,370	1,269	1,285	1,307	1,345	1,343	1,364	1,544	1,592	1,655	1,714
Total Depreciation and Amortization (D&A)	78	77	77	116	78	53	50	51	52	52	52
Debt-free, Cash-free Net Working Capital to Revenue	5.43%	1.71%	6.90%	7.41%	9.79%	10.45%	13.43%	12.50%	9.63%	7.60%	12.49%
Debt-free Net Working Capital to Revenue	46.20%	25.12%	23.60%	20.73%	18.38%	19.54%	35.48%	20.47%	29.27%	18.86%	18.53%
Net Working Capital to Revenue	43.13%	22.83%	21.42%	18.61%	16.96%	17.65%	33.42%	18.43%	27.02%	14.87%	15.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	($0.01)	$0.08	($0.24)	($0.01)	$0.29	$0.16	$0.27	$0.21	$0.31	$0.28
Adjusted Weighted Average Basic Shares Outstanding	127.70M	128.26M	127.06M	126.24M	125.18M	125.60M	123.15M	120.61M	117.45M	118.57M	109.76M
Adjusted Diluted Earnings per Share	$0.04	$0.00	$0.00	$0.00	($0.01)	$0.29	$0.16	$0.27	$0.21	$0.30	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	129.08M	130.13M	128.74M	126.24M	125.18M	127.22M	123.99M	121.24M	118.11M	119.79M	110.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	251.29M	125.97M	251.85M	250.10M	247.70M	122.45M	242.86M	236.77M	113.85M	108.84M	108.16M
Normalized Net Operating Profit after Tax (NOPAT)	13	13	16	-11	20	32	36	33	44	36	51
Normalized NOPAT Margin	6.80%	6.78%	7.89%	-5.79%	9.97%	16.64%	17.77%	16.55%	20.77%	17.13%	23.67%
Pre Tax Income Margin	0.05%	-0.02%	2.67%	-17.75%	-3.12%	15.51%	14.30%	9.55%	14.53%	14.33%	17.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.01	1.00	1.31	-0.83	0.82	2.58	2.41	1.81	2.28	2.36	2.69
NOPAT to Interest Expense	22.69	0.68	2.58	-0.60	0.57	3.19	1.75	1.40	1.82	2.80	2.33
EBIT Less CapEx to Interest Expense	-0.02	-0.45	0.03	-2.25	0.45	1.63	1.71	1.28	1.51	1.28	1.57
NOPAT Less CapEx to Interest Expense	21.67	-0.77	1.30	-2.01	0.20	2.24	1.05	0.88	1.06	1.72	1.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	104.82%	-166.56%	-208.40%	420.20%	254.62%	73.39%	56.86%	57.40%	52.09%
Augmented Payout Ratio	7,891.63%	2,947.25%	1,227.87%	-1,224.70%	-1,074.50%	2,022.66%	1,247.53%	392.57%	350.84%	418.94%	392.86%

Frequently Asked Questions About Iridium Communications' Financials

When does Iridium Communications's fiscal year end?

According to the most recent income statement we have on file, Iridium Communications' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Iridium Communications' net income changed over the last 9 years?

Iridium Communications' net income appears to be on a downward trend, with a most recent value of $112.78 million in 2024, rising from $7.12 million in 2015. The previous period was $15.42 million in 2023. See Iridium Communications' forecast for analyst expectations on what’s next for the company.

What is Iridium Communications's operating income?

Iridium Communications's total operating income in 2024 was $200.38 million, based on the following breakdown:

Total Gross Profit: $600.12 million
Total Operating Expenses: $399.73 million

How has Iridium Communications revenue changed over the last 9 years?

Over the last 9 years, Iridium Communications' total revenue changed from $411.38 million in 2015 to $830.68 million in 2024, a change of 101.9%.

How much debt does Iridium Communications have?

Iridium Communications' total liabilities were at $2.09 billion at the end of 2024, a 18.1% increase from 2023, and a 13.7% increase since 2015.

How much cash does Iridium Communications have?

In the past 9 years, Iridium Communications' cash and equivalents has ranged from $71.87 million in 2023 to $371.17 million in 2016, and is currently $93.53 million as of their latest financial filing in 2024.

How has Iridium Communications' book value per share changed over the last 9 years?

Over the last 9 years, Iridium Communications' book value per share changed from 12.94 in 2015 to 5.07 in 2024, a change of -60.9%.

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This page (NASDAQ:IRDM) was last updated on 5/5/2025 by MarketBeat.com Staff

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Iridium Communications (IRDM) Financials

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