Company: IRDM
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001628280-25-018712
Chunk: 3

Company: Iridium Communications Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 8
Chunk 3
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6,785 Depreciation and amortization51,667 49,744 Stock-based compensation (net of amounts capitalized)11,748 14,000 Amortization of deferred financing fees674 595 Loss on equity method investments648 1,567 All other items, net310 143 Changes in operating assets and liabilities:Accounts receivable(6,329)(1,425)Inventory716 (1,383)Prepaid expenses and other current assets(115)(973)Other assets1,185 1,336 Accounts payable(4,843)(4,184)Accrued expenses and other current liabilities(19,828)(10,669)Deferred revenue(8,831)(3,164)Other long-term liabilities(481)(599)Net cash provided by operating activities61,081 71,426 Cash flows from investing activities:  Capital expenditures(24,546)(14,564)Net cash used in investing activities(24,546)(14,564)Cash flows from financing activities:  Borrowings under the Term Loan— 124,844 Payments on the Term Loan(4,565)(4,063)Borrowings under the Revolving Credit Facility20,000 — Repurchases of common stock(70,478)(57,240)Payment of deferred financing fees— (54)Proceeds from exercise of stock options773 2,078 Tax payment upon settlement of stock awards(11,126)(3,986)Payment of common stock dividends(15,667)(16,055)Net cash provided by (used in) financing activities(81,063)45,524 Effect of exchange rate changes on cash and cash equivalents, and restricted cash1,901 (231)Net increase (decrease) in cash and cash equivalents, and restricted cash(42,627)102,155 Cash, cash equivalents, and restricted cash, beginning of period93,526 71,870 Cash, cash equivalents, and restricted cash, end of period$50,899 $174,025 Supplemental cash flow information:Interest paid, net of amounts capitalized$22,081 $20,876 Income taxes paid, net$2,401 $1,350 Supplemental disclosure of non-cash investing and financing activities:  Property and equipment received but not paid$7,342 $3,277 Dividends accrued on common stock