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Investments In Affiliates (Tables)
12 Months Ended
Dec. 31, 2012
Investments In Affiliates

 

 

 

 

 

 

 

December 31,

 

2012

 

2011

Telesat Holdings Inc.

$

         —

 

$

377,244 

XTAR, LLC

 

62,517 

 

 

68,991 

 

$

62,517 

 

$

446,235 

 

Equity In Net (Loss) Income Of Affiliates

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2012

 

2011

 

2010

Telesat Holdings Inc.

$

40,814 

 

$

114,476 

 

$

92,798 

XTAR, LLC

 

(6,474)

 

 

(6,681)

 

 

(6,991)

Other

 

         —

 

 

(1,466)

 

 

(182)

 

$

34,340 

 

$

106,329 

 

$

85,625 

 

Effect Of Affiliate Transactions On Operating Statement

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2012

 

2011

 

2010

Revenues

$

57,571 

 

$

139,960 

 

$

137,244 

Elimination of Loral’s proportionate share of profits relating to affiliate transactions

 

(16,912)

 

 

(18,498)

 

 

(14,734)

Profits relating to affiliate transactions not eliminated

 

9,513 

 

 

10,411 

 

 

8,294 

 

XTAR, LLC [Member]
 
Summary Financial Data, Equity Method Investment

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2012

 

2011

 

2010

Revenues

$

32,674 

 

$

37,055 

 

$

37,907 

Operating expenses

 

(33,332)

 

 

(34,734)

 

 

(35,724)

Depreciation and amortization

 

(9,298)

 

 

(9,617)

 

 

(9,618)

Operating loss

 

(9,956)

 

 

(7,296)

 

 

(7,435)

Net loss

 

(14,651)

 

 

(11,882)

 

 

(12,435)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

2012

 

2011

Balance Sheet Data:

 

 

 

 

 

Current assets

$

7,838 

 

$

10,558 

Total assets

 

74,721 

 

 

88,033 

Current liabilities

 

46,296 

 

 

45,704 

Total liabilities

 

55,953 

 

 

54,614 

Members’ equity

 

18,768 

 

 

33,419 

 

Telesat Holdings Inc [Member]
 
Summary Financial Data, Equity Method Investment

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2012

 

2011

 

2010

Statement of Operations Data:

 

 

 

 

 

 

 

 

Revenues

$

846,148 

 

$

817,269 

 

$

797,283 

Operating expenses

 

(242,705)

 

 

(188,119)

 

 

(190,632)

Depreciation, amortization and stock-based compensation

 

(249,134)

 

 

(248,012)

 

 

(249,318)

Gain on insurance proceeds

 

         —

 

 

136,507 

 

 

         —

Impairment of intangible assets

 

         —

 

 

(1,112)

 

 

         —

(Loss) gain on disposition of long lived asset

 

(778)

 

 

(1,499)

 

 

3,714 

Operating income

 

353,531 

 

 

515,034 

 

 

361,047 

Interest expense

 

(236,398)

 

 

(220,598)

 

 

(234,556)

Expense of refinancing

 

(80,104)

 

 

         —

 

 

         —

Foreign exchange (losses) gains

 

81,073 

 

 

(80,991)

 

 

159,191 

Gains (losses) on financial instruments

 

(25,755)

 

 

50,731 

 

 

(76,937)

Other income (expense)

 

1,362 

 

 

1,964 

 

 

619 

Income tax expense

 

(28,154)

 

 

(65,271)

 

 

(41,177)

Net income

 

65,555 

 

 

200,869 

 

 

168,187 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2012

 

2011

Balance Sheet Data:

 

 

 

 

 

Current assets

$

289,614 

 

$

351,802 

Total assets

 

5,342,313 

 

 

5,347,174 

Current liabilities

 

237,739 

 

 

289,351 

Long-term debt, including current portion

 

3,519,872 

 

 

2,817,857 

Total liabilities

 

4,770,966 

 

 

4,045,619 

Redeemable preferred stock

 

         —

 

 

138,485 

Shareholders’ equity

 

571,347 

 

 

1,163,070