v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 65,334 $ 32,082
Accounts receivable, net of allowance for credit losses of $2,022 and $2,892, respectively 30,188 26,329
Inventory 10,661 9,264
Prepaid expenses and other current assets 14,819 13,569
Total current assets 121,002 81,244
Property and equipment, net 605,502 560,371
Operating lease right of use assets, net 32,557 30,859
Prepaid satellite construction costs and customer receivable 24,188 27,570
Intangible and other assets, net of accumulated amortization of $11,660 and $10,908, respectively 49,190 38,425
Total assets 832,439 738,469
Current liabilities:    
Long-term debt, current maturities 29,800 0
Accounts payable 3,022 3,843
Vendor financing 0 59,575
Accrued expenses 29,718 22,554
Accrued satellite construction costs 54,228 36,139
Payables to affiliates 284 326
Deferred revenue, net 56,724 74,639
Total current liabilities 173,776 197,076
Long-term debt 306,786 132,115
Operating lease liabilities 27,720 27,635
Deferred revenue, net 4,920 62,877
Other non-current liabilities 3,871 3,995
Total non-current liabilities 343,297 226,622
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock 0 0
Additional paid-in capital 2,352,414 2,345,612
Accumulated other comprehensive income 6,506 9,242
Retained deficit (2,043,735) (2,040,264)
Total stockholders’ equity 315,366 314,771
Total liabilities and stockholders’ equity 832,439 738,469
Series A Preferred Convertible Stock    
Stockholders’ equity:    
Preferred stock 0 0
Voting Common Stock    
Stockholders’ equity:    
Common Stock $ 181 $ 181