For the year ending 2025-12-31, IRDM had $2,975K increase in cash & cash equivalents over the period. $299,793K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 114,372 | 112,776 | 15,415 | 8,722 |
| Loss on extinguishment of debt | - | 0 | 0 | -1,187 |
| Deferred income taxes | 22,167 | 6,560 | -31,828 | -1,189 |
| Depreciation and amortization | 210,207 | 203,127 | 320,000 | 303,484 |
| Stock-based compensation (net of amounts capitalized) | 51,579 | 63,457 | 57,455 | 43,732 |
| Amortization of deferred financing fees | 2,784 | 2,523 | 3,739 | 4,602 |
| (gain) loss on equity method investments | -2,823 | 15,251 | -6,089 | - |
| All other items, net | 3,829 | 715 | 732 | 2,134 |
| Accounts receivable | -5,577 | 6,366 | 9,538 | 18,712 |
| Inventory | -4,706 | -9,822 | 50,958 | 10,183 |
| Prepaid expenses and other current assets | -7,368 | 2,985 | 1,153 | 4,227 |
| Other assets | -6,379 | -5,543 | -3,019 | -3,441 |
| Accounts payable | -4,705 | -18,808 | 2,759 | 4,730 |
| Accrued expenses and other current liabilities | -12,173 | 9,790 | 4,899 | 5,929 |
| Deferred revenue | -10,238 | 6,845 | -2,961 | 4,871 |
| Other long-term liabilities | -4,602 | -1,793 | -2,756 | -3,792 |
| Net cash provided by operating activities | 400,073 | 375,955 | 314,913 | 344,729 |
| Sales and maturities of marketable securities | - | - | 0 | 0 |
| Capital expenditures | 100,280 | 69,890 | 73,487 | 71,267 |
| Purchases of marketable securities | - | - | - | 0 |
| Investment in related parties | 0 | 0 | 10,000 | 50,000 |
| Net cash used in investing activities | -100,280 | -180,603 | -83,487 | -121,267 |
| Borrowings under the term loan | 0 | 419,783 | 63,940 | - |
| Payment of deferred financing fees | - | - | - | 0 |
| Payments on the term loan | -33,024 | -114,194 | -72,315 | - |
| Repurchases of common stock | 186,475 | 407,725 | 247,019 | 257,059 |
| Repayments on senior unsecured promissory notes, including extinguishment costs | - | - | - | 0 |
| Payment of deferred financing fees | 0 | 345 | 1,162 | - |
| Proceeds from exercise of stock options | 1,126 | 3,441 | 3,958 | 3,872 |
| Payments on the term loan-Term Loan B | - | - | - | -116,500 |
| Borrowings under the term loan | - | - | - | 0 |
| Tax payments upon settlement of stock awards | 18,683 | 6,702 | 9,680 | 5,293 |
| Payment of common stock dividends | 62,854 | 64,739 | 64,774 | - |
| Net cash used in financing activities | -299,910 | -170,481 | -327,052 | -374,980 |
| Effect of exchange rate changes on cash and cash equivalents | 3,092 | -3,215 | -1,274 | -625 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 2,975 | 21,656 | -96,900 | -152,143 |
| Cash and cash equivalents at beginning of period | 93,526 | - | - | - |
| Cash and cash equivalents at end of period | 96,501 | - | - | - |
Iridium Communications Inc. (IRDM)
Iridium Communications Inc. (IRDM)