Iridium Communications Inc. (IRDM) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 71.61M | 108.59M | 100.78M | 129.62M | 61.08M | 104.79M | 118.63M | 81.11M | 71.43M | 87.81M | 71.12M | 87.05M | 68.94M | 90.27M | 88.89M | 99.8M | 65.77M | 89.74M | 87.17M | 75.2M |
| Operating CF Margin % | 32.69% | 51% | 44.41% | 59.76% | 28.43% | 49.2% | 55.75% | 40.34% | 35.04% | 45.09% | 35.99% | 45.08% | 33.59% | 46.57% | 48.3% | 57.05% | 39.1% | 57.57% | 53.76% | 50.16% |
| Operating CF Growth % | 17.25% | 3.63% | -15.04% | 59.79% | -14.48% | 19.34% | 66.81% | -6.82% | 3.6% | -2.73% | -20% | -12.77% | 4.82% | 0.6% | 1.98% | 32.7% | 29.56% | 27.05% | 16.84% | 18.02% |
| Net Income | 21.59M | 24.86M | 37.13M | 21.97M | 30.41M | 36.34M | 24.45M | 32.34M | 19.65M | 38.02M | -1.64M | -30.74M | 9.78M | -808K | 2.15M | 4.56M | 2.82M | -5.88M | -2.08M | 3.83M |
| Depreciation & Amortization | 53.74M | 52.73M | 52.98M | 52.84M | 51.67M | 51.45M | 51.16M | 50.78M | 49.74M | 52.79M | 76.83M | 114.57M | 75.82M | 75.75M | 76.4M | 75.68M | 75.66M | 76.17M | 77.69M | 75.67M |
| Stock-Based Compensation | 11.38M | 7.59M | 13.15M | 19.09M | 11.75M | 12.43M | 17.68M | 19.35M | 14M | 11.95M | 15.95M | 16.79M | 12.77M | 12.11M | 13.7M | 9.68M | 8.24M | 6.7M | 7.55M | 7.63M |
| Deferred Taxes | 7.73M | 6.38M | 9.04M | 2.59M | 4.15M | -8.12M | 4.38M | 3.51M | 6.79M | -11.07M | -2.35M | -12.47M | -5.94M | -903K | -2.65M | 1.2M | 1.16M | -793K | -1.6M | -10.07M |
| Other Non-Cash Items | -22.83M | 4.5M | 1.62M | 1.68M | 1.63M | 1.14M | 1.46M | -16.91M | 2.31M | 2.71M | 2.77M | 2.76M | 2.32M | 3.98M | 1.43M | 1.19M | 1.32M | 1.54M | 2.02M | 926K |
| Working Capital Changes | 0 | 12.53M | -13.14M | 31.45M | -38.53M | 11.55M | 19.5M | -7.95M | -21.06M | -6.59M | -20.43M | -3.86M | -25.8M | 146K | -2.13M | 7.48M | -23.44M | 12.01M | 3.6M | -2.79M |
| Change in Receivables | -10.56M | 764K | -13.38M | 24.52M | -6.33M | -2.64M | -420K | -1.88M | -1.43M | 9.14M | -8.75M | 8.44M | -18.36M | 4.4M | -11.88M | 5.31M | -16.54M | 6.88M | -6.58M | -3.66M |
| Change in Inventory | 4.15M | -636K | 1.25M | 3.37M | 716K | 1.06M | 3.4M | 6.74M | -1.38M | -19.98M | -15.32M | -18.29M | 2.63M | -541K | -11.19M | 654K | 891K | -5.82M | 5.06M | 1.79M |
| Change in Payables | -4.72M | 1.33M | 368K | -1.56M | -4.84M | 7.95M | -8.87M | -13.7M | -4.18M | 11.91M | -11.62M | 1.3M | 1.17M | -8.34M | 14.2M | -3.03M | 1.9M | 2.88M | -897K | 80K |
| Cash from Investing | -29.95M | -33.49M | -21.54M | -20.71M | -24.55M | -24.27M | -18.62M | -123.16M | -14.56M | -16.2M | -12M | -22.38M | -32.91M | -26.51M | -13.74M | -67.45M | -13.57M | -12.64M | -4.81M | -9.52M |
| Capital Expenditures | -29.95M | -33.49M | -21.54M | -20.71M | -24.55M | -24.27M | -18.62M | -123.16M | -14.56M | -16.2M | -12M | -22.38M | -22.91M | -26.51M | -13.74M | -67.45M | -13.57M | -14.13M | -8.79M | -9.81M |
| CapEx % of Revenue | 13.67% | 15.73% | 9.49% | 9.55% | 11.42% | 11.39% | 8.75% | 61.25% | 7.14% | 8.32% | 6.07% | 11.59% | 11.16% | 13.68% | 7.46% | 38.56% | 8.07% | 9.06% | 5.42% | 6.54% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 292K |
| Cash from Financing | -26.34M | -67.48M | -69.82M | -81.55M | -81.06M | -144.33M | -3.31M | -68.37M | 45.52M | -68.68M | -93.43M | -86.98M | -77.96M | -111.19M | -83.03M | -39.44M | -141.33M | -42.74M | -8.51M | -67.96M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 90K | -50.21M | -65.53M | -70.48M | -123.12M | -129.8M | -97.56M | -55.16M | -51.67M | -75.3M | -66.64M | -50.38M | -6.37M | -80.23M | -35M | -133.64M | -38.34M | -2.64M | -63.13M |
| Dividends Paid | -16.53M | -15.99M | -16.07M | -15.13M | -15.67M | -15.64M | -16.34M | -16.71M | -16.05M | -15.97M | -16.11M | -16.26M | -16.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 30K | -50.43M | -65.59M | -70.48M | -123.12M | -129.8M | -97.56M | -57.24M | -51.88M | -75.37M | -66.64M | -53.12M | -7.67M | -80.23M | -35M | -134.17M | -38.34M | -2.64M | -63.13M |
| Other Financing | -9.81M | -1.58M | -3.54M | -2.43M | -10.35M | -1M | -608K | -33K | -4.04M | -1.04M | -727K | 46K | -7.03M | -695K | 1.33M | -319K | -3.56M | -277K | -2.33M | -121K |
| Net Change in Cash | 15.14M | 7.97M | 9.22M | 28.41M | -42.63M | -66.06M | 96.05M | -110.48M | 102.16M | 3.99M | -35.58M | -23.14M | -42.18M | -49.99M | -8.44M | -4.82M | -88.9M | 33.91M | 73.6M | -1.43M |
| Free Cash Flow | 41.66M | 75.11M | 79.25M | 108.91M | 36.53M | 80.52M | 100.01M | -42.04M | 56.86M | 71.61M | 59.12M | 64.67M | 46.04M | 63.76M | 75.16M | 32.34M | 52.2M | 75.61M | 78.38M | 65.39M |
| FCF Margin % | 19.02% | 35.27% | 34.92% | 50.21% | 17% | 37.8% | 47% | -20.91% | 27.89% | 36.77% | 29.92% | 33.49% | 22.43% | 32.89% | 40.83% | 18.49% | 31.03% | 48.5% | 48.34% | 43.62% |
| FCF Growth % | 14.03% | -6.73% | -20.76% | 359.04% | -35.75% | 12.45% | 69.17% | -165.01% | 23.51% | 12.3% | -21.34% | 99.93% | -11.81% | -15.67% | -4.12% | -50.53% | 26.25% | 41.51% | 22.49% | 19.87% |
| FCF per Share | 0.39 | 0.72 | 0.74 | 1.01 | 0.33 | 0.70 | 0.85 | -0.35 | 0.46 | 0.58 | 0.47 | 0.51 | 0.36 | 0.51 | 0.58 | 0.25 | 0.40 | 0.51 | 0.59 | 0.48 |
| FCF Conversion (FCF/Net Income) | 3.32x | 4.37x | 2.71x | 5.90x | 2.01x | 2.88x | 4.85x | 2.51x | 3.63x | 2.31x | -43.31x | -2.83x | 7.05x | -111.72x | 41.36x | 21.90x | 23.29x | -15.25x | -41.81x | 19.62x |
| Interest Paid | 0 | 21.96M | 23.04M | 23.07M | 22.08M | 21.96M | 28.65M | 23.83M | 20.88M | 19.42M | 34.49M | 19.25M | 18.77M | 18.64M | 17.65M | 14.03M | 13.56M | 15.21M | 21.26M | 13.88M |
| Taxes Paid | 0 | 1.53M | 1.49M | 1.59M | 2.4M | -3.57M | 678K | 1.54M | 1.35M | 1.37M | 958K | 991K | 903K | 892K | 394K | 456K | 482K | 480K | 401K | 383K |