Iridium Communications Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $523.0M | $448.0M | $433.6M | $411.4M | $408.6M | $382.6M | $383.5M | $384.3M |
| Cost of Revenue | — | $44.4M | $44.3M | $40.8M | $54.6M | $52.1M | $53.3M | $54.1M |
| Gross Profit | — | $403.6M | $389.4M | $370.6M | $354.0M | $330.6M | $330.2M | $330.2M |
| Gross Margin | — | 90.1% | 89.8% | 90.1% | 86.6% | 86.4% | 86.1% | 85.9% |
| Operating Expenses | ||||||||
| Research & Development | $22.4M | $15.2M | $16.1M | $16.1M | $17.6M | $11.1M | $15.5M | $18.7M |
| SG&A Expense | $97.8M | $84.4M | $82.6M | $81.4M | $78.6M | $75.2M | $67.6M | $65.7M |
| Operating Income | $41.7M | $115.5M | $176.4M | $73.8M | $122.9M | $109.9M | $105.1M | $77.0M |
| Operating Margin | 8.0% | 25.8% | 40.7% | 17.9% | 30.1% | 28.7% | 27.4% | 20.0% |
| Interest Expense | — | $86.7M | $77.7M | $64.6M | $50.8M | $583.0K | $114.0K | $42.0K |
| Pretax Income | $-20.6M | $119.6M | $178.2M | $73.1M | $116.5M | $110.5M | $95.0M | $65.6M |
| Income Tax Expense | $-7.3M | $-114.3M | $67.1M | $66.0M | $41.5M | $47.9M | $30.4M | $24.5M |
| Net Income | $-13.4M | $233.9M | $111.0M | $7.1M | $75.0M | $62.5M | $64.6M | $41.0M |
| Net Margin | -2.6% | 52.2% | 25.6% | 1.7% | 18.4% | 16.3% | 16.9% | 10.7% |
| EPS (Basic) | $-0.22 | $2.23 | $1.00 | $-0.09 | $0.71 | $0.72 | $0.85 | $0.57 |
| EPS (Diluted) | $-0.22 | $1.82 | $0.89 | $-0.09 | $0.69 | $0.71 | $0.83 | $0.56 |
| Shares Outstanding (Basic) | 109.0M | 97.9M | 96.0M | 95.1M | 88.1M | 76.9M | 74.2M | 72.2M |
| Shares Outstanding (Diluted) | 109.0M | 128.1M | 124.9M | 95.1M | 109.4M | 87.5M | 78.2M | 73.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |