Segments (Tables)

12 Months Ended

Dec. 31, 2012

Summarized Financial Information Of The Reportable Segments


	Year Ended December 31,
	2012		2011		2010
Revenues
Satellite manufacturing:
External revenues	$	882,585	$	967,432	$	1,021,768
Intersegment revenues⁽¹⁾		57,762		140,763		143,318
Satellite manufacturing revenues		940,347		1,108,195		1,165,086
Satellite services revenues⁽²⁾		846,148		817,269		797,283
Operating segment revenues before eliminations		1,786,495		1,925,464		1,962,369
Intercompany eliminations⁽³⁾		—		(830)		(6,101)
Affiliate eliminations⁽²⁾		(846,148)		(817,269)		(797,283)
Total revenues		940,347		1,107,365		1,158,985
Revenues included in income from discontinued operations		(940,347)		(1,107,365)		(1,158,985)
Revenues reported	$	—	$	—	$	—
Segment Adjusted EBITDA⁽⁴⁾
Satellite manufacturing	$	31,233	$	137,659	$	143,076
Satellite services⁽²⁾		648,202		629,150		606,651
Corporate⁽⁵⁾		(27,640)		(17,170)		(17,866)
Adjusted EBITDA before eliminations		651,795		749,639		731,861
Intercompany eliminations⁽³⁾		—		(279)		(1,465)
Affiliate eliminations⁽²⁾		(648,202)		(629,150)		(606,651)
Adjusted EBITDA		3,593		120,210		123,745
Adjusted EBITDA from discontinued operations		(31,233)		(137,380)		(141,612)
Adjusted EBITDA from continuing operations		(27,640)		(17,170)		(17,867)
Reconciliation to Operating loss
Depreciation, Amortization and Stock-Based Compensation⁽⁴⁾
Satellite manufacturing		(27,792)		(32,514)		(34,675)
Satellite services⁽²⁾		(249,134)		(248,010)		(249,318)
Corporate		(1,134)		(1,175)		(1,605)
Segment depreciation before affiliate eliminations		(278,060)		(281,699)		(285,598)
Affiliate eliminations⁽²⁾		249,134		248,010		249,318
Depreciation, amortization and stock-based compensation		(28,926)		(33,689)		(36,280)
Depreciation, amortization and stock-based compensation from discontinued operations		27,792		32,514		34,675
Depreciation, amortization and stock-based compensation as reported		(1,134)		(1,175)		(1,605)
Gain on disposition of net assets⁽⁶⁾		—		5,118		—
Directors’ indemnification expense ⁽⁷⁾		—		—		(6,857)
Operating loss as reported	$	(28,774)	$	(13,227)	$	(26,329)
Capital Expenditures
Satellite manufacturing		40,873		36,615		35,378
Satellite services⁽²⁾		170,394		390,641		254,020
Corporate		4		350		18,679
Segment capital expenditures before affiliate eliminations⁽⁸⁾		211,271		427,606		308,077
Affiliate eliminations⁽²⁾		(170,394)		(390,641)		(254,020)
Total capital expenditures		40,877		36,965		54,057
Capital expenditures from discontinued operations		(40,873)		(36,615)		(35,378)
Capital expenditures as reported	$	4	$	350	$	18,679



	As of December 31,
	2012		2011
Total Assets⁽⁸⁾
Satellite manufacturing	$	—	$	929,408
Satellite services⁽⁹⁾		5,342,313		5,724,418
Corporate		378,992		529,501
Total assets before affiliate eliminations		5,721,305		7,183,327
Affiliate eliminations⁽²⁾		(5,342,313)		(5,347,174)
Total assets as reported	$	378,992	$	1,836,153

⁽¹⁾ Intersegment revenues include $58 million, $140 million and $137 million for the years ended December 31, 2012, 2011 and 2010, respectively, of revenue from affiliates.

⁽²⁾ Satellite services represents Telesat. Affiliate eliminations represent the elimination of amounts attributable to Telesat whose results are reported under the equity method of accounting in our consolidated statements of operations (see Note 8).

⁽³⁾ Represents the elimination of intercompany sales and intercompany Adjusted EBITDA for a satellite under construction by SS/L for Loral.

⁽⁴⁾ Compensation expense related to SS/L Phantom SARs and restricted stock units paid in cash or expected to be paid in cash is included in Adjusted EBITDA. Compensation expense related to SS/L Phantom SARs and restricted stock units paid in Loral common stock or expected to be paid in Loral common stock is included in depreciation, amortization and stock-based compensation.

⁽⁵⁾ Includes corporate expenses incurred in support of our operations and includes our equity investments in XTAR and Globalstar service providers.

⁽⁶⁾ Represents the gain included in continuing operations on the sale of Loral’s portion of the payload on the ViaSat-1 satellite and related net assets to Telesat adjusted for elimination of Loral’s ownership interest in Telesat (see Note 19).

⁽⁷⁾ Represents indemnification expense, net of insurance recovery, in connection with defense costs incurred by MHR affiliated directors in the Delaware shareholder derivative case.

⁽⁸⁾ Amounts are presented after the elimination of intercompany profit.

⁽⁹⁾ Includes $2.5 billion and $2.4 billion of satellite services goodwill related to Telesat as of December 31, 2012 and 2011, respectively.

Schedule Of Revenues From External Customers

	For the Year Ended December 31,
	2012	2011	2010
United States.....................................................................................................	$ 302,112	$ 397,389	$ 645,769
Canada.................................................................................................................	57,656	137,610	137,195
Brazil......................................................................................................................	63,039	−	−
Spain......................................................................................................................	52,477	113,546	85,161
Bermuda...............................................................................................................	47,513	83,600	−
Mexico...................................................................................................................	36,653	82,657	49,157
France...................................................................................................................	33,333	80,923	24,657
People’s Republic of China (including Hong Kong)..........................	99,039	47,967	44,135
United Kingdom................................................................................................	1,498	40,741	57,976
Australia...............................................................................................................	153,235	40,067	−
Luxembourg........................................................................................................	17,698	31,107	70,678
Norway.................................................................................................................	68,305	29,809	−
The Netherlands...............................................................................................	6,366	18,501	26,721
Other......................................................................................................................	1,423	3,448	17,536
Total revenue	$ 940,347	$ 1,107,365	$ 1,158,985

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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