Iridium Communications (IRDM) Income Statement: Revenue & Earnings

Iridium Communications Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Iridium Communications Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	830.68	790.72	721.03	614.50	583.44	560.44	523.01
Cost of Revenue	230.57	225.12	201.15	150.40	91.10	-145.14	142.87
Gross Profit	600.12	565.60	519.89	464.10	440.75	705.59	380.14
Operating Expenses
Research & Development	28.42	20.27	16.22	11.89	12.04	14.31	22.43
Selling, General & Administrative	168.18	143.71	123.50	100.47	90.05	93.17	97.85
Operating Expenses	399.73	446.48	443.21	417.79	405.26	405.18	338.48
Operating Income	200.38	119.13	76.68	46.31	35.48	10.12	41.65
Other Income/Expense
Interest Income	11.62	6.85	4.41	0.00	1.66	0.00	0.00
Interest Expense	91.13	-97.24	65.09	73.91	-95.93	0.00	55.15
Other Income/Expense	0.53	0.51	-1.08	-9.11	37.21	1.25	-7.15
Income
Income Before Tax	109.78	-10.84	10.51	-28.89	-88.96	-218.12	-20.65
Income Tax Expense	12.26	-26.25	0.29	-19.57	-32.91	-56.12	-7.27
Net Income	112.78	15.42	8.72	-9.32	-56.05	-162.00	-13.38
Net Income - Continuous Operations	112.78	15.42	8.72	-9.32	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	404.05	401.63	379.08	350.45	308.48	353.99	252.71
EBIT	200.92	119.13	75.60	45.02	5.31	37.38	34.50
Depreciation & Amortization	203.13	282.50	303.48	305.43	303.17	297.71	218.21
Earnings Per Share
Basic EPS	1.00	-	-	-	-	-1.00	-
Diluted EPS	1.00	-	-	-	-	-1.00	-
Basic Shares Outstanding	110.36	125.60	125.90	133.53	133.49	125.17	108.98
Diluted Shares Outstanding	119.97	127.22	125.90	133.13	133.49	125.17	108.98