← Globalstar, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($132.6m) |
($89.1m)
+32.85%
|
($6.5m)
+92.68%
|
$15.3m
+335.17%
|
($109.6m)
-815.47%
|
($112.6m)
-2.72%
|
($256.9m)
-128.12%
|
($24.7m)
+90.38%
|
($63.2m)
-155.54%
|
($8.7m)
+86.30%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($132.6m) |
($89.1m)
+32.85%
|
— | ($110.7m) |
($109.6m)
+0.94%
|
($112.6m)
-2.72%
|
($258.3m)
-129.30%
|
($35.3m)
+86.32%
|
($73.8m)
-108.92%
|
($19.3m)
+73.91%
|
— | |
| Amortization | — | — | $8.7m | $12.2m | $12.0m | $12.0m | $8.4m | $978k | $1.1m | $1.3m | — | |
| Amortization of Debt Issuance Costs | $9.2m | $8.1m | $8.7m | $15.9m | $4.2m | $2.6m | $520k | ($8.6m) | $0 | $0 | — | |
| Amortization of Intangible Assets | $300k | $300k | — | — | $1.1m | $1.2m | $1.2m | $1.4m | $3.6m | $4.7m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | — | $3.6m | — | |
| Depreciation | $77.0m | $77.2m | $81.8m | $83.6m | $84.9m | $84.2m | $85.5m | $87.2m | $87.9m | $86.1m | $77.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $93.9m | $88.2m | $89.0m | $87.4m | $77.3m | |
| Depreciation, Amortization and Accretion, Net | $77.4m | $77.5m | $90.4m | $95.8m | $96.8m | $96.2m | $93.9m | $88.2m | $89.0m | $87.4m | $77.3m | |
| Deferred Income Tax Expense (Benefit) | $0 | $0 | $0 | $395k | $360k | ($459k) | $0 | $33k | $382k | $69k | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.9m | $5.1m | $7.0m | $5.7m | $5.7m | $6.5m | $10.8m | $22.5m | $35.5m | $23.4m | $15.9m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $22.5m | $35.5m | $23.4m | $15.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | $700k | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $350k | — | — | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($75.5m) | ($20.1m) | $41.0m | $79.9m | ($49.8m) | ($47.4m) | ($35.8m) | ($23.4m) | ($60.1m) | ($10.2m) | — | |
| Other Nonoperating Income (Expense) | ($430k) | ($2.9m) | ($3.3m) | ($2.8m) | ($3.6m) | $368k | $463k | $1.7m | ($2.5m) | $15.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $6.5m | ($36.0m) | $332.8m | $491.4m | $456.4m | |
| Increase (Decrease) in Accounts Receivable | $2.2m | $3.0m | $3.8m | $4.3m | $8.5m | ($1.4m) | $1.0m | ($12.7m) | ($26.7m) | ($7.5m) | $1.9m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1.3m | $1.3m | $1.4m | $1.7m | $1.7m | $936k | $1.1m | — | — | — | $1.9m | |
| Change In Receivables | — | — | — | — | — | — | ($1.0m) | $12.7m | $26.7m | $7.5m | $1.9m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($1.0m) | $12.7m | $26.7m | $7.5m | $1.9m | |
| Increase (Decrease) in Inventories | ($4.6m) | ($50k) | $486k | $1.7m | ($2.2m) | $80k | $2.4m | $4.2m | ($2.8m) | ($1.5m) | $940k | |
| Inventory Write-down | $0 | $843k | $0 | $416k | $662k | $1.0m | $8.6m | $0 | $327k | $0 | — | |
| Change In Inventory | — | — | — | — | — | — | ($2.4m) | ($4.2m) | $2.8m | $1.5m | $940k | |
| Increase (Decrease) in Other Operating Assets | $469k | $699k | $3.8m | ($864k) | $890k | ($82k) | $183k | ($610k) | ($294k) | $1.1m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($183k) | $610k | $294k | ($1.1m) | $864k | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($2.6m) | ($53k) | $3.6m | $2.4m | $2.3m | |
| Net Cash Provided by (Used in) Operating Activities | $8.8m |
$13.9m
+57.23%
|
$5.9m
-57.28%
|
$3.0m
-48.51%
|
$22.2m
+628.84%
|
$131.9m
+493.66%
|
$63.8m
-51.62%
|
$74.3m
+16.52%
|
$439.2m
+490.78%
|
$621.6m
+41.54%
|
$571.7m
-8.04%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $9.4m | $5.5m | $7.3m | $4.6m | — | — | ($40.0m) | ($166.8m) | ($118.9m) | ($108.1m) | ($44.6m) | |
| Capital Expenditure Reported | — | — | — | — | — | ($395k) | $0 | ($8.8m) | — | — | ($44.6m) | |
| Net Other Investing Changes | — | — | — | — | — | ($37.4m) | — | — | ($131.7m) | ($442.3m) | ($442.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($24.6m) | ($20.8m) | ($17.4m) | ($11.5m) | ($14.5m) | ($45.2m) | ($40.0m) | ($175.6m) | ($260.6m) | ($550.4m) | ($486.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | ($6.3m) | $0 | $0 | $0 | $3.1m | $2.8m | ($10.2m) | ($14.0m) | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $307.3m | $259.4m | $27.1m | $47.1m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $307.3m | $37.7m | $27.1m | $47.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($6.3m) | ($160.8m) | ($269.5m) | ($34.6m) | ($23.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($6.3m) | $146.5m | ($10.2m) | ($7.5m) | $23.5m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($6.3m) | $146.5m | ($231.8m) | ($7.5m) | $23.5m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $221.6m | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | ($6.3m) | ($160.8m) | ($269.5m) | ($34.6m) | ($23.6m) | |
| Short Term Debt Payments | — | — | — | — | — | ($187.0m) | $0 | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $115.0m | $59.1m | $4.3m | $0 | $43.7m | $0 | $0 | $176.2m | $0 | $3.5m | |
| Common Stock Issuance | — | — | — | — | — | — | $919k | $0 | $178.0m | $1.9m | $3.5m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $919k | $0 | $178.0m | $1.9m | $3.5m | |
| Dividends paid | — | — | — | — | — | — | — | $11.9m | $10.6m | $10.6m | ($10.6m) | |
| Payments of Dividends | — | — | — | — | — | — | — | $11.9m | $10.6m | $10.6m | ($10.6m) | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | ($11.9m) | ($10.6m) | ($10.6m) | ($10.6m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | $0 | ($11.9m) | ($10.6m) | ($10.6m) | ($10.6m) | |
| Net Other Financing Charges | — | — | — | — | — | $461k | ($626k) | ($8.6m) | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $18.5m |
$63.8m
+244.77%
|
($18.2m)
-128.52%
|
($7.9m)
+56.46%
|
$1.2m
+114.69%
|
($140.3m)
-12151.72%
|
($6.0m)
+95.69%
|
$125.8m
+2179.91%
|
$157.2m
+24.95%
|
($16.2m)
-110.29%
|
$16.4m
+201.45%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $55k | $57.1m | ($29.8m) | ($16.4m) | $8.9m | ($53.7m) | $17.8m | $24.7m | $334.4m | $56.3m | $409.4m | |
| Beginning Cash Position | — | — | — | — | — | — | $14.3m | $32.1m | $56.7m | $391.2m | $308.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $105.3m | $75.5m | $59.1m | $68.0m | $14.3m | $32.1m | $56.7m | $391.2m | $447.5m | $409.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $55k | $195k | ($112k) | $4k | $52k | ($132k) | ($22k) | $140k | ($1.4m) | $1.2m | $376k | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($22k) | $140k | ($1.4m) | $1.2m | $376k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | $846k | $672k | $638k | $200k | $200k | $100k | $1.8m | $1.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $25.9m | $27.4m | $10.9m | $5.5m | $0 | $13.5m | $15.7m | $0 | — | |
| Income Taxes Paid, Net | — | — | — | — | — | $188k | $197k | $333k | $1.9m | $6.5m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | ($455k) | ($2.1m) | $0 | ($1.5m) | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($200k) | ($2.2m) | ($3.1m) | $100k | ($727k) | ($6.3m) | ($6.6m) | $4.9m | ($16.6m) | $15.7m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($144k) | ($2.2m) | ($3.1m) | $192k | ($1.4m) | ($6.4m) | ($6.6m) | $5.0m | ($16.7m) | $15.8m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($41.5m) | $21.2m | $81.1m | $145.1m | $2.9m | ($1.0m) | ($805k) | — | ($1.3m) | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | $6.8m | $120k | $0 | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | — | — | — | $30.6m | $30.6m | $30.6m | — | |
| Income Tax Expense (Benefit) | ($6.5m) | $190k | $125k | $545k | $662k | ($299k) | $73k | $1.1m | $2.1m | $5.9m | — | |
| Payments of Financing Costs | $0 | — | — | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | ($41.5m) | $21.2m | $81.1m | $145.1m | $2.9m | ($1.0m) | ($805k) | ($5.0m) | $16.7m | ($15.8m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($6.0m) | $125.8m | $157.2m | ($16.2m) | $16.4m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($40.0m) | ($175.6m) | ($260.6m) | ($550.4m) | ($486.9m) | |
| Change In Account Payable | — | — | — | — | — | — | ($11.4m) | ($3.4m) | ($1.4m) | $1.1m | $4.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $17.8m | $24.7m | $334.4m | $56.3m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $23.1m | ($38.6m) | $301.8m | $481.5m | $449.4m | |
| Change In Payable | — | — | — | — | — | — | ($11.5m) | ($3.3m) | ($1.4m) | $1.1m | $4.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $952k | ($3.2m) | ($856k) | ($1.5m) | ($1.5m) | |
| Changes In Cash | — | — | — | — | — | — | $17.8m | $24.5m | $335.8m | $55.1m | $101.2m | |
| End Cash Position | — | — | — | — | — | — | $32.1m | $56.7m | $391.2m | $447.5m | $409.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($6.0m) |
$125.8m
+2179.91%
|
$157.2m
+24.95%
|
($16.2m)
-110.29%
|
$16.4m
+201.45%
|
|
| Free Cash Flow | — | — | — | — | — | — | $23.8m | ($92.5m) | $320.3m | $513.6m | $527.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | $1.0m | $805k | — | — | — | — | |
| Interest Received CFI | — | — | — | — | — | — | $0 | ($8.8m) | ($10.0m) | $0 | ($6.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($40.0m) | ($175.6m) | ($260.6m) | ($550.4m) | ($486.9m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $6.6m | ($5.0m) | $16.7m | ($15.8m) | $3.5m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($643k) | ($1.1m) | ($6.8m) | ($5.5m) | ($5.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($39.3m) | ($165.7m) | ($112.1m) | ($102.6m) | ($39.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | $3.8m | $5.2m | $30.7m | ($15.8m) | ($3.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $205.8m | $19.2m | $14.4m | $43.9m | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | $0 | $1.5m | — | — | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $936k | $1.1m | — | — | — | — | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($643k) | ($1.1m) | ($6.8m) | ($5.5m) | ($5.2m) | |
| Purchase Of PPE | $9.4m | $5.5m | $7.3m | $4.6m | — | — | ($39.3m) | ($165.7m) | ($112.1m) | ($102.6m) | ($44.6m) | |
| Sale Of PPE | — | — | — | — | — | $350k | $0 | $0 | — | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $10.8m | $22.5m | $35.5m | $23.4m | $15.9m |