
Iridium Communications Inc
NASDAQ:IRDM

Income Statement
Earnings Waterfall
Iridium Communications Inc
Revenue
|
830.7m
USD
|
Cost of Revenue
|
-230.6m
USD
|
Gross Profit
|
600.1m
USD
|
Operating Expenses
|
-396.6m
USD
|
Operating Income
|
203.5m
USD
|
Other Expenses
|
-90.7m
USD
|
Net Income
|
112.8m
USD
|
Income Statement
Iridium Communications Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
409
N/A
|
408
0%
|
407
0%
|
405
0%
|
411
+1%
|
419
+2%
|
426
+2%
|
433
+2%
|
434
+0%
|
434
+0%
|
436
+1%
|
440
+1%
|
448
+2%
|
463
+3%
|
486
+5%
|
506
+4%
|
523
+3%
|
538
+3%
|
546
+2%
|
554
+1%
|
560
+1%
|
572
+2%
|
569
-1%
|
576
+1%
|
583
+1%
|
585
+0%
|
594
+2%
|
605
+2%
|
615
+2%
|
636
+4%
|
661
+4%
|
683
+3%
|
721
+6%
|
758
+5%
|
776
+2%
|
790
+2%
|
791
+0%
|
789
0%
|
797
+1%
|
812
+2%
|
831
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(117)
|
(114)
|
(108)
|
(102)
|
(101)
|
(102)
|
(107)
|
(109)
|
(109)
|
(110)
|
(114)
|
(120)
|
(125)
|
(132)
|
(138)
|
(141)
|
(143)
|
(144)
|
(144)
|
(145)
|
(145)
|
(145)
|
(141)
|
(144)
|
(143)
|
(145)
|
(146)
|
(147)
|
(150)
|
(159)
|
(170)
|
(182)
|
(201)
|
(220)
|
(225)
|
(226)
|
(225)
|
(222)
|
(224)
|
(226)
|
(231)
|
|
Gross Profit |
292
N/A
|
294
+1%
|
299
+2%
|
304
+2%
|
310
+2%
|
317
+2%
|
319
+1%
|
324
+2%
|
324
+0%
|
324
0%
|
323
0%
|
321
-1%
|
323
+1%
|
331
+2%
|
348
+5%
|
365
+5%
|
380
+4%
|
394
+4%
|
401
+2%
|
409
+2%
|
415
+2%
|
428
+3%
|
428
+0%
|
432
+1%
|
441
+2%
|
440
0%
|
449
+2%
|
458
+2%
|
464
+1%
|
477
+3%
|
492
+3%
|
502
+2%
|
520
+4%
|
538
+3%
|
551
+3%
|
563
+2%
|
566
+0%
|
568
+0%
|
574
+1%
|
586
+2%
|
600
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(169)
|
(166)
|
(159)
|
(150)
|
(150)
|
(146)
|
(149)
|
(151)
|
(148)
|
(149)
|
(154)
|
(164)
|
(185)
|
(252)
|
(288)
|
(337)
|
(339)
|
(373)
|
(393)
|
(399)
|
(405)
|
(404)
|
(403)
|
(402)
|
(405)
|
(407)
|
(410)
|
(417)
|
(418)
|
(422)
|
(427)
|
(433)
|
(443)
|
(458)
|
(509)
|
(511)
|
(484)
|
(458)
|
(403)
|
(389)
|
(397)
|
|
Selling, General & Administrative |
(79)
|
(80)
|
(80)
|
(79)
|
(81)
|
(80)
|
(84)
|
(85)
|
(83)
|
(83)
|
(81)
|
(81)
|
(84)
|
(88)
|
(92)
|
(100)
|
(98)
|
(99)
|
(96)
|
(92)
|
(93)
|
(90)
|
(90)
|
(88)
|
(90)
|
(92)
|
(95)
|
(100)
|
(101)
|
(104)
|
(109)
|
(115)
|
(124)
|
(136)
|
(145)
|
(146)
|
(144)
|
(140)
|
(149)
|
(159)
|
(165)
|
|
Research & Development |
(18)
|
(20)
|
(19)
|
(18)
|
(16)
|
(15)
|
(14)
|
(16)
|
(16)
|
(17)
|
(16)
|
(15)
|
(15)
|
(17)
|
(19)
|
(20)
|
(22)
|
(22)
|
(20)
|
(18)
|
(14)
|
(13)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(14)
|
(16)
|
(18)
|
(20)
|
(20)
|
(20)
|
(24)
|
(24)
|
(26)
|
(28)
|
|
Depreciation & Amortization |
(73)
|
(66)
|
(59)
|
(52)
|
(52)
|
(51)
|
(51)
|
(50)
|
(49)
|
(50)
|
(57)
|
(68)
|
(86)
|
(110)
|
(141)
|
(180)
|
(218)
|
(253)
|
(277)
|
(290)
|
(298)
|
(301)
|
(301)
|
(302)
|
(303)
|
(303)
|
(303)
|
(305)
|
(305)
|
(305)
|
(305)
|
(304)
|
(304)
|
(304)
|
(343)
|
(343)
|
(320)
|
(294)
|
(230)
|
(204)
|
(203)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(37)
|
(37)
|
(37)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
123
N/A
|
128
+4%
|
141
+10%
|
154
+10%
|
161
+4%
|
171
+6%
|
170
0%
|
173
+2%
|
176
+2%
|
175
-1%
|
169
-3%
|
157
-7%
|
138
-12%
|
79
-43%
|
60
-24%
|
28
-54%
|
42
+51%
|
21
-51%
|
8
-61%
|
10
+25%
|
10
+1%
|
24
+133%
|
26
+9%
|
30
+18%
|
36
+17%
|
33
-8%
|
38
+18%
|
41
+6%
|
46
+13%
|
56
+20%
|
65
+17%
|
69
+6%
|
77
+12%
|
79
+4%
|
43
-46%
|
53
+24%
|
82
+54%
|
110
+34%
|
170
+55%
|
197
+16%
|
203
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
4
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
(1)
|
(15)
|
(36)
|
(70)
|
(84)
|
(100)
|
(110)
|
(115)
|
(116)
|
(110)
|
(102)
|
(94)
|
(91)
|
(86)
|
(81)
|
(74)
|
(123)
|
(120)
|
(120)
|
(67)
|
(70)
|
(74)
|
(91)
|
(90)
|
(93)
|
(98)
|
(88)
|
(91)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(87)
|
(87)
|
(87)
|
(87)
|
0
|
14
|
14
|
14
|
(23)
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
(112)
|
(142)
|
(142)
|
(142)
|
(30)
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
4
|
2
|
1
|
1
|
(3)
|
|
Total Other Income |
(10)
|
(9)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
57
|
57
|
57
|
0
|
0
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
1
|
|
Pre-Tax Income |
117
N/A
|
123
+6%
|
140
+14%
|
154
+10%
|
73
-52%
|
83
+14%
|
83
+0%
|
87
+5%
|
178
+104%
|
191
+7%
|
185
-3%
|
174
-6%
|
120
-31%
|
79
-34%
|
45
-42%
|
(8)
N/A
|
(21)
-145%
|
(64)
-210%
|
(93)
-46%
|
(101)
-9%
|
(218)
-116%
|
(235)
-8%
|
(226)
+4%
|
(213)
+6%
|
(89)
+58%
|
(58)
+34%
|
(48)
+18%
|
(41)
+13%
|
(29)
+30%
|
(11)
+64%
|
2
N/A
|
5
+240%
|
9
+76%
|
10
+10%
|
(30)
N/A
|
(37)
-21%
|
(5)
+87%
|
19
N/A
|
72
+284%
|
109
+51%
|
110
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(42)
|
(44)
|
(50)
|
(54)
|
(66)
|
(68)
|
(68)
|
(70)
|
(67)
|
(70)
|
(67)
|
(58)
|
(40)
|
(26)
|
(22)
|
(10)
|
7
|
21
|
37
|
39
|
56
|
59
|
56
|
57
|
33
|
29
|
34
|
30
|
20
|
9
|
(2)
|
(1)
|
(0)
|
7
|
14
|
17
|
26
|
13
|
3
|
(9)
|
(12)
|
|
Income from Continuing Operations |
75
|
79
|
90
|
100
|
7
|
15
|
16
|
18
|
111
|
121
|
118
|
116
|
79
|
53
|
24
|
(18)
|
(13)
|
(43)
|
(57)
|
(62)
|
(162)
|
(176)
|
(170)
|
(156)
|
(56)
|
(30)
|
(13)
|
(11)
|
(9)
|
(1)
|
(1)
|
4
|
9
|
17
|
(17)
|
(19)
|
22
|
32
|
75
|
101
|
98
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(6)
|
(7)
|
13
|
14
|
15
|
|
Net Income (Common) |
63
N/A
|
65
+4%
|
75
+15%
|
84
+12%
|
(8)
N/A
|
(1)
+89%
|
0
N/A
|
2
N/A
|
96
+4 675%
|
105
+10%
|
103
-2%
|
101
-2%
|
218
+117%
|
192
-12%
|
164
-14%
|
124
-25%
|
(24)
N/A
|
(51)
-118%
|
(65)
-27%
|
(68)
-5%
|
(166)
-144%
|
(178)
-7%
|
(170)
+4%
|
(156)
+8%
|
(56)
+64%
|
(30)
+47%
|
(13)
+55%
|
(11)
+14%
|
(9)
+18%
|
(1)
+85%
|
(1)
+57%
|
4
N/A
|
9
+142%
|
16
+80%
|
(20)
N/A
|
(23)
-19%
|
15
N/A
|
25
+65%
|
88
+248%
|
114
+29%
|
113
-1%
|
|
EPS (Diluted) |
0.4
N/A
|
0.53
+33%
|
0.6
+13%
|
0.68
+13%
|
-0.09
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.76
+7 500%
|
0.83
+9%
|
0.81
-2%
|
0.79
-2%
|
1.7
+115%
|
1.73
+2%
|
1.47
-15%
|
1.11
-24%
|
-0.22
N/A
|
-0.46
-109%
|
-0.52
-13%
|
-0.51
+2%
|
-1.33
-161%
|
-1.36
-2%
|
-1.29
+5%
|
-1.18
+9%
|
-0.42
+64%
|
-0.22
+48%
|
-0.1
+55%
|
-0.09
+10%
|
-0.07
+22%
|
-0.01
+86%
|
0
N/A
|
0.04
N/A
|
0.07
+75%
|
0.13
+86%
|
-0.15
N/A
|
-0.18
-20%
|
0.12
N/A
|
0.2
+67%
|
0.72
+260%
|
0.96
+33%
|
0.94
-2%
|