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Summary - Funding Rounds

Founding Date

1979

Total Funding

$1.8 b

Investors

In total, Inmarsat had raised $1.8 b

Inmarsat Revenue Breakdown

Embed Graph

Inmarsat revenue breakdown by business segment: 28.9% from Government, 15.4% from Aviation, 11.1% from Central Services and 44.5% from Maritime

Inmarsat revenue breakdown by geographic segment: 8.7% from Enterprise, 5.1% from United Kingdom, 28.1% from Rest of Europe, 16.1% from Asia and Pacific, 5.5% from Rest of the World and 36.5% from North America

Inmarsat Income Statement

Annual

GBPFY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

9.5m257.4m286.1m255.5m289.3m687.2m679.5m755.6m934.9m798.4m831.5m882.5m986.8m1.3b1.4b1.1b

Revenue growth, %

5%

Operating expense total

7.5m172.2m164.0m166.2m183.2m468.5m446.0m458.5m625.2m591.6m674.4m601.6m656.5m534.2m648.8m901.6m

Depreciation and amortization

349.4m406.7m

EBITDA

194.8m385.2m448.3m566.7m359.0m431.1m481.6m571.3m794.8m731.5m296.5m

EBITDA margin, %

67%57%59%61%45%52%55%58%60%52%26%

EBIT

1.9m85.2m122.0m89.4m106.1m218.7m233.6m297.0m309.6m206.7m157.1m280.9m330.2m447.1m321.5m221.2m

EBIT margin, %

20%33%43%35%37%32%34%39%33%26%19%32%33%34%23%20%

Interest expense

123.4m105.9m

Interest income

4.3m6.5m

Pre tax profit

(8.3m)3.4m55.6m45.9m62.6m133.6m128.9m215.1m243.5m175.2m124.6m234.9m261.8m299.2m229.8m128.7m

Income tax expense

1.8m2.7m(18.1m)19.4m(14.1m)111.4m(28.9m)(46.7m)(77.9m)(45.5m)(57.0m)(823.6k)(43.4m)55.8m47.5m(32.9m)

Net Income

(6.5m)6.1m37.5m65.2m48.5m245.1m100.0m168.4m165.6m129.7m67.6m234.1m218.4m243.4m182.3m95.8m

Quarterly

USDQ1, 2017Q1, 2018

Revenue

329.5m345.4m

Operating expense total

146.4m170.5m

Depreciation and amortization

97.7m116.0m

EBITDA

183.1m174.9m

EBITDA margin, %

56%51%

EBIT

85.8m59.4m

EBIT margin, %

26%17%

Interest expense

28.5m29.5m

Interest income

2.3m1.9m

Pre tax profit

1.3m56.0m

Income tax expense

6.9m2.4m

Net Income

(5.6m)53.6m

Inmarsat Balance Sheet

Annual

GBPFY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

148.1m94.8m20.6m21.9m57.7m107.8m148.5m221.7m121.8m198.2m95.1m140.3m139.6m262.0m144.9m223.3m

Accounts Receivable

65.1m74.5m71.7m65.3m82.2m121.2m109.2m119.1m110.0m120.3m136.9m151.3m152.4m210.3m197.8m274.9m

Prepaid Expenses

44.7m43.5m

Inventories

1.2m642.0k175.0k409.0k7.9m13.7m6.2m13.0m15.6m15.2m18.3m19.5m19.4m34.3m33.9m38.9m

Current Assets

240.8m292.4m105.5m104.3m183.7m295.5m311.5m407.7m313.3m390.2m337.7m398.7m413.4m1.0b858.0m540.8m

PP&E

770.9m631.3m768.3m637.4m703.0m1.0b893.6m874.3m1.2b1.2b1.6b1.8b2.2b3.0b3.2b2.6b

Goodwill

422.1m422.1m

Total Assets

1.2b1.2b1.2b1.0b1.4b2.0b1.9b2.0b2.3b2.2b2.5b2.8b3.3b4.8b5.0b3.9b

Accounts Payable

54.9m25.5m59.1m42.6m49.9m71.8m63.1m64.8m355.4m336.4m87.2m93.7m70.9m133.8m210.5m418.0m

Short-term debt

103.8m125.6m

Current Liabilities

317.1m91.3m122.4m85.7m161.0m317.5m238.6m301.4m641.4m397.3m684.5m468.5m557.3m748.9m864.5m662.3m

Long-term debt

2.4b2.4b

Non-Current Liabilities

897.0m1.1b663.0m556.6m858.8m1.0b1.0b1.0b904.4m1.2b1.2b1.5b1.8b2.9b2.8b2.2b

Total Debt

349.0k750.0k116.0k6.0m47.0m1.2m327.3k193.5k11.1m2.6b2.6b

Total Liabilities

1.2b1.1b785.4m642.3m1.0b1.4b1.3b1.3b1.5b1.6b1.9b2.0b2.3b3.6b3.7b2.8b

Common Stock

184.0k161.0k233.0k204.0k151.0k207.0k196.4k193.5k199.1k179.0k197.7k205.9k232.3k300.0k300.0k229.9k

Additional Paid-in Capital

700.4m745.4m

Retained Earnings

158.1m254.7m335.1m477.2m417.0m353.3m

Total Equity

13.6m19.5m394.0m366.1m367.5m642.8m634.6m701.7m717.0m671.2m690.2m811.6m967.5m1.2b1.3b1.0b

Debt to Equity Ratio

0 x0 x0 x0 x0.1 x0 x0 x0 x0 x2.1 x2 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x0.5 x0.5 x

Financial Leverage

90.6 x59.8 x3 x2.8 x3.8 x3.1 x3 x2.9 x3.2 x3.3 x3.7 x3.5 x3.4 x3.9 x4 x3.8 x

Quarterly

USDQ1, 2017Q1, 2018

Cash

217.2m211.5m

Inventories

35.4m40.4m

Current Assets

992.6m830.4m

PP&E

3.1b3.3b

Total Assets

4.9b5.1b

Short-term debt

103.4m64.6m

Current Liabilities

793.0m861.5m

Long-term debt

2.4b2.4b

Non-Current Liabilities

2.9b2.9b

Total Debt

2.5b2.5b

Total Liabilities

3.7b3.8b

Common Stock

300.0k300.0k

Additional Paid-in Capital

700.4m745.4m

Retained Earnings

463.8m464.7m

Total Equity

1.2b1.3b

Debt to Equity Ratio

2 x1.9 x

Debt to Assets Ratio

0.5 x0.5 x

Financial Leverage

4 x3.9 x

Inmarsat Cash Flow

Annual

GBPFY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(6.5m)6.1m37.5m65.2m48.5m245.1m100.0m168.4m165.6m129.7m67.6m234.1m218.4m243.4m182.3m95.8m

Depreciation and Amortization

349.4m406.7m

Accounts Receivable

19.0m(25.6m)

Inventories

(9.3m)400.0k

Accounts Payable

(13.6m)33.7m

Cash From Operating Activities

11.5m147.5m184.8m161.5m196.0m363.2m407.2m480.0m585.2m393.6m393.4m442.5m546.4m770.9m760.1m553.1m

Purchases of PP&E

(302.9m)(438.9m)

Cash From Investing Activities

(807.9m)(546.7m)

Long-term Borrowings

(602.5m)(80.8m)

Dividends Paid

14.4m50.2m63.2m92.8m102.5m120.8m30.7m146.2m39.8m(228.5m)(202.9m)

Cash From Financing Activities

1.0b(16.8m)(273.8m)(97.0m)68.6m(168.5m)(246.3m)(213.8m)(226.0m)(6.6m)(134.7m)(107.3m)(213.1m)122.1m(328.6m)(254.1m)

Net Change in Cash

146.3m47.6m114.1m4.0m36.4m27.0m47.2m75.6m(106.8m)89.1m125.9m43.9m(23.5m)86.8m(116.9m)(3.3m)

Quarterly

USDQ1, 2017Q1, 2018

Cash From Operating Activities

174.1m150.2m

Purchases of PP&E

(116.8m)(105.1m)

Cash From Investing Activities

(154.4m)2.4m

Long-term Borrowings

(40.4m)(64.1m)

Cash From Financing Activities

(63.1m)(87.3m)

Net Change in Cash

(44.7m)66.5m

Inmarsat Ratios

GBPFY, 2003

Financial Leverage

90.6 x

Inmarsat Operating Metrics

FY, 2016FY, 2017

Satellite Fleet

13

Satellite Access Stations

10

Fleetbroadband (Standalone) Installed Vessels

38.09 k36.11 k

VSAT Installed Vessels

3.03 k4.33 k

Active SwiftBoard Aircraft on Business and General Aviation

3.61 k3.82 k

Installed GX Terminals on Commercial Airlines

20194

Connected M2M Terminals

333 k358 k

Connected GSPS Terminals

158 k180 k

Inmarsat Employee Rating

3.8269 votes
Culture & Values
3.6
Work/Life Balance
3.7
Senior Management
2.9
Salary & Benefits
3.8
Career Opportunities
3.2
Source