Company: IRDM
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005302
Chunk: 118

Company: Iridium Communications Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 118
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(6,366)(9,538)(18,712)Inventory9,822 (50,958)(10,183)Prepaid expenses and other current assets(2,985)(1,153)(4,227)Other assets5,543 3,019 3,441 Accounts payable(18,808)2,759 4,730 Accrued expenses and other current liabilities9,790 4,899 5,929 Deferred revenue6,845 (2,961)4,871 Other long-term liabilities(1,793)(2,756)(3,792)Net cash provided by operating activities375,955 314,913 344,729 Cash flows from investing activities:Capital expenditures(69,890)(73,487)(71,267)Investment in related parties— (10,000)(50,000)Acquisition of Satelles, Inc., net of cash acquired(110,713)— — Net cash used in investing activities(180,603)(83,487)(121,267)Cash flows from financing activities:Borrowings under the Term Loan419,783 63,940 — Payments on the Term Loan(114,194)(72,315)(116,500)Repurchases of common stock(407,725)(247,019)(257,059)Payment of deferred financing fees(345)(1,162)— Proceeds from exercise of stock options3,441 3,958 3,872 Tax payments upon settlement of stock awards(6,702)(9,680)(5,293)Payment of common stock dividends(64,739)(64,774)— Net cash used in financing activities(170,481)(327,052)(374,980)Effect of exchange rate changes on cash and cash equivalents(3,215)(1,274)(625)Net increase (decrease) in cash and cash equivalents and restricted cash21,656 (96,900)(152,143)Cash, cash equivalents and restricted cash, beginning of period71,870 168,770 320,913 Cash, cash equivalents and restricted cash, end of period$93,526 $71,870 $168,770 

See notes to consolidated financial statements

Iridium Communications Inc.

Consolidated Statements of Cash Flows, continued

(In thousands)

 Year Ended December 31, 202420232022Supplemental cash flow information:Interest paid