Company: IRDM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001628280-25-035835
Chunk: 2

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 2
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$0.42 Comprehensive income:Net income$21,968 $32,336 $52,380 $51,989 Foreign currency translation adjustments1,029 (327)3,248 (723)Unrealized gain (loss) on cash flow hedges, net of tax (see Note 6)(4,975)(4,850)(12,216)1,883 Comprehensive income$18,022 $27,159 $43,412 $53,149 

See notes to unaudited condensed consolidated financial statements.

4

Iridium Communications Inc.

Condensed Consolidated Statements of Changes in Stockholders’ Equity

(In thousands, except per share amounts)

(Unaudited)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024Common StockAdditional Paid-In CapitalAccumulated DeficitAccumulatedOther Comprehensive IncomeTotal Stockholders’ EquityCommon StockAdditional Paid-In CapitalAccumulated DeficitAccumulatedOther Comprehensive IncomeTotal Stockholders’ EquitySharesAmountSharesAmountBalances at beginning of period108,733 $109 $930,311 $(425,224)$13,249 $518,445 121,643 $122 $1,069,638 $(256,319)$40,244 $853,685 Stock-based compensation— — 20,475 — — 20,475 — — 20,500 — — 20,500 Stock options exercised and awards vested308 — 68 — — 68 203 — 528 — — 528 Stock withheld to cover employee taxes(95)— (2,433)— — (2,433)(15)— (438)— — (438)Repurchases and retirements of common stock(2,553)(3)(22,174)(43,418)— (65,595)(3,313)(3)(29,363)(68,195)— (97,561)Dividends— — (15,367)— — (15,367)— — (17,174)— — (17,174)Cumulative translation adjustments— — — — 1,029 1,029 — — — — (327)(327)Unrealized loss on cash flow hedges, net