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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 64,136 $ 32,082
Accounts receivable, net of allowance for credit losses of $2,086 and $2,892, respectively 43,218 26,329
Inventory 12,197 9,264
Prepaid expenses and other current assets 24,087 13,569
Total current assets 143,638 81,244
Property and equipment, net 612,911 560,371
Operating lease right of use assets, net 34,273 30,859
Prepaid satellite costs and customer receivable 13,600 27,570
Intangible and other assets, net of accumulated amortization of $12,060 and $10,908, respectively 106,190 38,425
Total assets 910,612 738,469
Current liabilities:    
Current portion of long-term debt 32,200 0
Accounts payable 3,631 3,843
Vendor financing 0 59,575
Accrued expenses 24,837 22,554
Accrued satellite construction costs 65,744 36,139
Payables to affiliates 153 326
Deferred revenue, net 58,091 74,639
Total current liabilities 184,656 197,076
Long-term debt 307,130 132,115
Operating lease liabilities 29,524 27,635
Deferred revenue, net 2,020 62,877
Other non-current liabilities 3,916 3,995
Total non-current liabilities 342,590 226,622
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock 0 0
Additional paid-in capital 2,424,073 2,345,612
Accumulated other comprehensive income 9,009 9,242
Retained deficit (2,049,904) (2,040,264)
Total stockholders’ equity 383,366 314,771
Total liabilities and stockholders’ equity 910,612 738,469
Series A Preferred Convertible Stock    
Stockholders’ equity:    
Preferred stock 0 0
Voting Common Stock    
Stockholders’ equity:    
Common Stock $ 188 $ 181