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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 56,744 $ 32,082
Accounts receivable, net of allowance for credit losses of $2,312 and $2,892, respectively 48,743 26,329
Inventory 14,582 9,264
Prepaid expenses and other current assets 22,584 13,569
Total current assets 142,653 81,244
Property and equipment, net 624,002 560,371
Operating lease right of use assets, net 34,164 30,859
Prepaid satellite costs and customer receivable 12,443 27,570
Intangible and other assets, net of accumulated amortization of $12,385 and $10,908, respectively 111,047 38,425
Total assets 924,309 738,469
Current liabilities:    
Current portion of long-term debt 34,600 0
Accounts payable 2,027 3,843
Vendor financing 0 59,575
Accrued expenses 26,958 22,554
Accrued satellite construction costs 58,187 36,139
Payables to affiliates 459 326
Deferred revenue, net 53,677 74,639
Total current liabilities 175,908 197,076
Long-term debt 325,700 132,115
Operating lease liabilities 29,244 27,635
Deferred revenue, net 3,213 62,877
Other non-current liabilities 11,265 3,995
Total non-current liabilities 369,422 226,622
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock 0 0
Additional paid-in capital 2,438,703 2,345,612
Accumulated other comprehensive income 5,070 9,242
Retained deficit (2,064,982) (2,040,264)
Total stockholders’ equity 378,979 314,771
Total liabilities and stockholders’ equity 924,309 738,469
Series A Perpetual Preferred Stock    
Stockholders’ equity:    
Preferred stock 0 0
Common Stock    
Stockholders’ equity:    
Common stock $ 188 $ 181