GLOBALSTAR, INC. (GSAT) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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GLOBALSTAR, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Deferred revenue → operating reconciliation: $113,812,000.00Noncash interest and accretion expense → operating reconciliation: $23,232,000.00Depreciation, amortization and accretion → operating reconciliation: $16,802,000.00Stock-based compensation expense → operating reconciliation: $2,723,000.00Accounts payable and accrued expenses → operating reconciliation: $1,864,000.00Unrealized foreign currency loss (gain) → operating reconciliation: $1,404,000.00Other non-current liabilities → operating reconciliation: $541,000.00operating reconciliation → Net cash from operating activities: $124,540,000.00operating reconciliation → Net (loss) income: $23,937,000.00operating reconciliation → Inventory, prepaid expenses and other assets: $5,606,000.00operating reconciliation → Other, net: $5,380,000.00operating reconciliation → Accounts receivable: $915,000.00Proceeds from 2023 Funding Agreement → financing reconciliation: $19,920,000.00Proceeds from issuance of common stock and exercise of options and other → financing reconciliation: $1,330,000.00financing reconciliation → Net cash from financing activities: $18,606,000.00financing reconciliation → Dividends paid on Series A Preferred Stock: $2,644,000.00Net cash used in investing activities → investing reconciliation: $91,901,000.00investing reconciliation → Payments for network upgrades to support the Extended MSS Network: $63,155,000.00investing reconciliation → Payments for network upgrades to support the Phase 1 and Phase 2 Service Period: $25,966,000.00investing reconciliation → Payments for network upgrades to support product development: $1,553,000.00investing reconciliation → Purchase of intangible assets: $1,227,000.00Exchange-rate effect → Cash sources and uses: $78,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $358,448,000.00Net cash from operating activities → Cash sources and uses: $124,540,000.00Net cash from financing activities → Cash sources and uses: $18,606,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $409,771,000.00Cash sources and uses → Net cash used in investing activities: $91,901,000.00Stock-based compensation expense: $2,723,000.00Stock-based compensation+$2.72 MAccounts receivable: -$915,000.00Accounts receivable−$915.00 KOther non-current liabilities: $541,000.00Other operating liabilities+$541.00 KInventory, prepaid expenses and other assets: -$5,606,000.00Prepaid & other assets−$5.61 MDepreciation, amortization and accretion: $16,802,000.00D&A and accretion+$16.80 MOther, net: -$5,380,000.00Other non-cash items−$5.38 MNet (loss) income: -$23,937,000.00Net (loss) income−$23.94 MAccounts payable and accrued expenses: $1,864,000.00Payables & accrued liabilities+$1.86 MDeferred revenue: $113,812,000.00Deferred revenue+$113.81 MUnrealized foreign currency loss (gain): $1,404,000.00Unrealized FX gain & loss+$1.40 MReduction in the value and disposal of long-lived assets and inventory: $0.00Noncash interest and accretion expense: $23,232,000.00Noncash interest & accretion+$23.23 MNet cash from operating activities: $124,540,000.00Operating cash+$124.54 Moperating reconciliation: $160,378,000.00Principal payments of 2021 Funding Agreement: $0.00Dividends paid on Series A Preferred Stock: -$2,644,000.00Dividends paid−$2.64 MProceeds from issuance of common stock and exercise of options and other: $1,330,000.00Common stock & options issued+$1.33 MProceeds from 2023 Funding Agreement: $19,920,000.00Other debt issued+$19.92 MNet cash from financing activities: $18,606,000.00Financing cash+$18.61 Mfinancing reconciliation: $21,250,000.00Payments for network upgrades to support the Phase 1 and Phase 2 Service Period: -$25,966,000.00Construction payments−$25.97 MPayments for network upgrades to support the Extended MSS Network: -$63,155,000.00Network upgrade payments−$63.16 MPayments for network upgrades to support product development: -$1,553,000.00Other PP&E purchases−$1.55 MPurchase of intangible assets: -$1,227,000.00Intangible asset purchases−$1.23 MNet cash used in investing activities: -$91,901,000.00. Cash required to fund net payments.Investing cash−$91.90 Minvesting reconciliation: $91,901,000.00Cash sources and uses: $501,672,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $358,448,000.00Beginning cash$358.45 MEnding cash: Cash, cash equivalents, and restricted cash: $409,771,000.00Ending cash$409.77 MExchange-rate effect: $78,000.00FX effect+$78.00 KCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$23.94M + net operating adjustments $148.48M = operating cash +$124.54MFree cash flowNot availableCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$51.32 MEnding cash − beginning cash
Chart details

GLOBALSTAR, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
358,448,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
124,540,000 US dollars. Net cash provided.
Net (loss) income
negative 23,937,000 US dollars
Stock-based compensation expense
2,723,000 US dollars
Accounts receivable
negative 915,000 US dollars
Other non-current liabilities
541,000 US dollars
Inventory, prepaid expenses and other assets
negative 5,606,000 US dollars
Depreciation, amortization and accretion
16,802,000 US dollars
Other, net
negative 5,380,000 US dollars
Accounts payable and accrued expenses
1,864,000 US dollars
Deferred revenue
113,812,000 US dollars
Unrealized foreign currency loss (gain)
1,404,000 US dollars
Reduction in the value and disposal of long-lived assets and inventory
0 US dollars
Noncash interest and accretion expense
23,232,000 US dollars
Investing activities
negative 91,901,000 US dollars. Net cash used.
Payments for network upgrades to support the Phase 1 and Phase 2 Service Period
negative 25,966,000 US dollars
Payments for network upgrades to support the Extended MSS Network
negative 63,155,000 US dollars
Payments for network upgrades to support product development
negative 1,553,000 US dollars
Purchase of intangible assets
negative 1,227,000 US dollars
Financing activities
18,606,000 US dollars. Net cash provided.
Principal payments of 2021 Funding Agreement
0 US dollars
Dividends paid on Series A Preferred Stock
negative 2,644,000 US dollars
Proceeds from issuance of common stock and exercise of options and other
1,330,000 US dollars
Proceeds from 2023 Funding Agreement
19,920,000 US dollars
Operating adjustment reconciliation
160,378,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
21,250,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
91,901,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
78,000 US dollars
Ending cash on Jun 30, 2026
409,771,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
501,672,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
51,323,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$23.94M + net operating adjustments $148.48M = operating cash +$124.54M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is −$23.94 M, derived by subtracting the earlier cumulative period; the income statement reports −$26.54 M for the same period. The difference is $2.60 M. Neither amount has been adjusted.
  • Cash-flow net income is −$23.94 M, derived by subtracting the earlier cumulative period; the income statement reports −$26.54 M for the same period. The difference is $2.60 M. Neither amount has been adjusted.
GLOBALSTAR, INC. (GSAT) FY2026 Q2 Statement of Cash Flows Sankey chart
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