Company: IRDM
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001628280-25-018712
Chunk: 2

Company: Iridium Communications Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 8
Chunk 2
---
 beginning of period110,357 $110 $964,348 $(406,092)$18,271 $576,637 122,776 $123 $1,089,466 $(235,397)$33,907 $888,099 Stock-based compensation— — 13,123 — — 13,123 — — 15,026 — — 15,026 Stock options exercised and awards vested1,112 1 773 — — 774 850 1 2,077 — — 2,078 Stock withheld to cover employee taxes(362)— (11,126)— — (11,126)(134)— (3,986)— — (3,986)Repurchases and retirements of common stock(2,374)(2)(20,932)(49,544)— (70,478)(1,849)(2)(16,663)(40,575)— (57,240)Dividends— — (15,875)— — (15,875)— (16,282)— — (16,282)Cumulative translation adjustments— — — — 2,219 2,219 — — — — (396)(396)Unrealized gain (loss) on cash flow hedges, net of tax— — — — (7,241)(7,241)— — — — 6,733 6,733 Net income— — — 30,412 — 30,412 — — — 19,653 — 19,653 Balances at end of period108,733 $109 $930,311 $(425,224)$13,249 $518,445 121,643 $122 $1,069,638 $(256,319)$40,244 $853,685 

See notes to unaudited condensed consolidated financial statements.

5

Iridium Communications Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

 Three Months Ended March 31,20252024Cash flows from operating activities:Net income$30,412 $19,653 Adjustments to reconcile net income to net cash provided by operating activities:Deferred income taxes4,148