Iridium Communications (IRDM) stock price, revenue, and financials

Iridium Communications market cap is $2.6 b, and annual revenue was $448.05 m in FY 2017

$2.6 B

IRDM Mkt cap, 10-Jun-2019

$143.1 M

Iridium Communications Revenue Q2, 2019
Iridium Communications Net income (Q2, 2019)-18.1 M
Iridium Communications EBIT (Q2, 2019)3.7 M
Iridium Communications Cash, 30-Jun-2019175.8 M

Iridium Communications Revenue

Iridium Communications revenue was $448.05 m in FY, 2017

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Iridium Communications Revenue Breakdown

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Iridium Communications revenue breakdown by business segment: 5.7% from Engineering and Support Services, 77.2% from Services and 17.1% from Subscriber Equipment

Iridium Communications Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

382.6m408.6m411.4m433.6m448.0m

Revenue growth, %

7%1%5%

Cost of goods sold

59.3m62.1m60.3m65.0m80.4m

Gross profit

323.3m346.5m351.1m368.7m367.7m

Gross profit Margin, %

84%85%85%85%82%

R&D expense

11.1m16.1m16.1m15.2m

General and administrative expense

75.2m81.4m82.6m84.4m

Operating expense total

272.8m337.6m257.3m346.8m

Depreciation and amortization

75.0m51.8m49.4m122.3m

EBIT

109.9m127.0m73.8m176.4m115.5m

EBIT margin, %

29%31%18%41%26%

Interest income

2.3m3.1m2.9m4.3m

Pre tax profit

110.5m116.5m73.1m178.2m119.6m

Income tax expense

(47.9m)(41.5m)(66.0m)(67.1m)114.3m

Net Income

62.5m75.0m7.1m111.0m233.9m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

100.6m98.0m102.5m107.5m97.0m101.9m106.0m104.2m109.2m112.8m104.4m111.6m116.5m119.1m134.9m136.8m133.7m143.1m

Cost of goods sold

14.8m14.2m16.7m16.4m14.9m14.3m14.0m15.9m16.4m15.9m17.0m21.4m19.0m

Gross profit

85.8m83.8m85.8m91.1m82.1m87.6m92.0m88.3m92.7m96.9m87.5m90.2m100.2m

Gross profit Margin, %

85%86%84%85%85%86%87%85%85%86%84%81%84%

R&D expense

3.1m2.1m4.6m4.9m4.1m4.4m3.5m2.6m4.0m5.0m3.2m3.0m4.0m4.6m5.6m5.1m3.6m4.3m

General and administrative expense

18.3m19.2m18.5m18.3m20.5m18.7m17.5m19.1m22.3m18.8m19.2m20.4m18.5m22.5m24.3m27.3m23.8m21.0m

Operating expense total

71.1m69.7m72.8m74.5m63.5m59.6m59.5m60.9m67.5m63.0m63.0m75.9m78.5m99.7m118.6m130.8m135.3m139.4m

Depreciation and amortization

20.3m19.7m19.7m12.8m12.9m12.9m12.8m11.8m13.5m20.2m22.9m38.5m50.5m62.1m72.9m75.1m

EBIT

29.5m28.3m29.7m33.0m33.5m42.3m46.5m43.3m41.7m49.8m55.6m35.7m38.1m19.4m16.3m6.0m(1.6m)3.7m

EBIT margin, %

29%29%29%31%35%42%44%42%38%44%53%32%33%16%12%4%(1%)3%

Interest expense

4.2m13.0m20.1m25.8m29.0m

Interest income

637.0k725.0k1.3m792.0k263.0k758.0k800.0k700.0k833.0k832.0k1.2m4.2m13.0m20.1m

Pre tax profit

27.0m27.1m25.2m32.5m33.6m42.4m45.9m43.5m42.5m50.2m56.3m36.5m39.3m15.3m3.4m(14.5m)(27.8m)(25.9m)

Income tax expense

(10.4m)(10.6m)(10.2m)(12.1m)(12.6m)(16.4m)(16.4m)(15.0m)(15.6m)(18.6m)(18.4m)(11.7m)(10.1m)(3.8m)(7.8m)1.7m9.7m7.8m

Net Income

16.6m16.5m15.0m20.4m21.0m26.0m29.5m28.5m26.9m31.6m37.9m24.8m29.3m11.5m(4.4m)(12.9m)(18.0m)(18.1m)

Iridium Communications Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

186.3m211.2m185.7m371.2m285.9m

Accounts Receivable

54.8m50.7m51.7m57.4m68.0m

Inventories

29.5m10.6m27.9m18.2m20.1m

Current Assets

369.6m573.1m481.7m516.8m411.1m

PP&E

1.6b2.0b2.4b2.8b3.2b

Goodwill

87.0m87.0m

Total Assets

2.3b2.9b3.2b3.5b3.8b

Accounts Payable

12.9m17.7m31.5m11.1m43.1m

Short-term debt

Current Liabilities

101.5m102.4m101.6m83.2m214.2m

Long-term debt

Total Debt

Total Liabilities

1.4b2.0b2.2b2.2b

Additional Paid-in Capital

801.3m1.0b1.0b1.1b1.1b

Retained Earnings

138.8m201.5m193.2m288.8m518.8m

Total Equity

939.5m1.2b1.2b1.3b1.6b

Financial Leverage

2.5 x2.4 x2.6 x2.6 x2.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

197.0m184.5m336.3m307.1m217.8m198.9m290.7m287.2m367.0m374.0m386.2m335.2m330.1m430.7m176.1m381.5m275.7m175.8m

Accounts Receivable

64.6m58.4m70.3m60.3m50.9m56.6m51.0m53.3m58.5m61.6m57.5m63.4m61.0m75.1m74.7m73.5m68.5m91.6m

Inventories

28.2m29.4m28.8m29.4m27.0m32.2m31.1m25.2m22.4m21.4m17.8m20.4m17.5m20.3m20.2m22.2m35.2m37.3m

Current Assets

378.5m361.5m616.4m638.4m602.3m591.6m621.6m506.4m536.9m531.2m516.7m463.0m452.8m572.2m495.9m497.4m396.9m320.7m

PP&E

1.5b1.6b1.7b1.7b2.0b2.1b2.2b2.5b2.6b2.7b2.9b3.1b3.2b3.3b3.3b3.4b3.3b3.3b

Goodwill

87.0m87.0m87.0m87.0m87.0m87.0m87.0m

Total Assets

2.2b2.4b2.6b2.7b3.0b3.1b3.2b3.2b3.3b3.4b3.6b3.8b3.8b4.1b4.1b4.1b4.0b3.9b

Accounts Payable

9.2m6.4m15.9m11.2m6.8m27.6m34.3m8.4m12.0m37.7m10.4m128.3m55.0m35.0m25.7m12.9m17.6m12.5m

Current Liabilities

110.3m107.0m102.3m112.5m105.8m110.0m112.1m81.6m85.6m114.7m104.3m208.1m163.0m213.5m227.7m325.2m376.4m284.9m

Total Liabilities

1.3b1.4b1.4b1.5b1.7b1.8b1.9b1.9b2.0b2.1b2.2b2.4b2.3b2.5b2.5b2.5b2.4b2.3b

Additional Paid-in Capital

800.9m803.1m1.0b1.0b1.0b1.0b1.0b1.0b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b

Retained Earnings

125.0m153.6m165.8m182.3m218.7m240.8m266.5m217.9m240.9m268.6m322.9m347.7m376.9m526.6m522.2m509.3m483.7m457.8m

Total Equity

925.2m956.3m1.2b1.2b1.3b1.3b1.3b1.3b1.3b1.3b1.4b1.4b1.4b1.6b1.6b1.6b1.6b1.6b

Financial Leverage

2.4 x2.5 x2.2 x2.2 x2.4 x2.4 x2.5 x2.5 x2.5 x2.6 x2.6 x2.7 x2.6 x2.6 x2.5 x2.6 x2.5 x2.5 x

Iridium Communications Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

62.5m75.0m7.1m111.0m233.9m

Depreciation and Amortization

75.0m72.8m51.8b49.4b122.3m

Accounts Receivable

1.9m3.9m(1.8m)(6.0m)(10.3m)

Inventories

(4.6m)1.5m(3.6m)9.0m(1.9m)

Accounts Payable

(5.6m)(2.6m)3.1m3.2m896.0k

Cash From Operating Activities

183.0m214.9m217.5m225.2m259.6m

Cash From Investing Activities

(485.8m)(626.3m)(439.4m)(242.4m)(372.7m)

Dividends Paid

(7.0m)(7.0m)(8.4m)(8.4m)(1.7m)

Cash From Financing Activities

234.7m438.8m197.1m202.2m16.9m

Interest Paid

11.3m15.0m18.9m22.9m85.3m

Free Cash Flow

(220.5m)655.9m712.3m(180.5m)(140.5m)

Iridium Communications Ratios

USDY, 2019

Financial Leverage

2.5 x

Iridium Communications Operating Metrics

Iridium Communications's Subscribers was reported to be 912 k in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Patents (Foreign)

1 1 1

Patents (US)

8 8 14

Resellers

190 195 190 180 200 200 200 215 195 200 200

Satellite Fleet

66 66 66 66 66 66 66 66 66 66 66

Service Providers

70 75 75 75 75 75 75 80 65 70 70

Subscribers

739 k748 k766 k781 k782 k788 k823 k838 k850 k869 k912 k

Value-added Manufacturers

40 45 50 40 45 60 60 65 80 65 70

Iridium Communications Employee Rating

3.616 votes
Culture & Values
3.3
Work/Life Balance
3.5
Senior Management
3.5
Salary & Benefits
4.2
Career Opportunities
3.0
Source