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Investments In Affiliates (Tables)
3 Months Ended
Mar. 31, 2014
Investments in and Advances to Affiliates [Line Items]  
Investments in Affiliates

Investments in affiliates consist of (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

2014

 

2013

Telesat Holdings Inc.

$

55,636 

 

$

60,157 

XTAR, LLC

 

55,178 

 

 

56,663 

 

$

110,814 

 

$

116,820 

 

Equity in Net (Loss) Income of Affiliates

Equity in net loss of affiliates consists of (in thousands):

 

 

 

 

 

 

 

 

 

Three Months
Ended March 31,

 

2014

 

2013

Telesat Holdings Inc.

$

(684)

 

$

(718)

XTAR, LLC

 

(1,485)

 

 

(1,763)

Other

 

         —

 

 

(4,800)

 

$

(2,169)

 

$

(7,281)

 

Telesat Holdings Inc [Member]
 
Investments in and Advances to Affiliates [Line Items]  
Summary Financial Data, Equity Method Investment

The following table presents summary financial data for Telesat in accordance with U.S. GAAP, as of March 31, 2014 and December 31, 2013 and for the three months ended March 31, 2014 and 2013 (in thousands): 

 

 

 

 

 

 

 

 

 

Three Months
Ended March 31,

 

2014

 

2013

Statement of Operations Data:

 

 

 

 

 

Revenues

$

220,599 

 

$

217,468 

Operating expenses

 

(40,330)

 

 

(50,158)

Depreciation, amortization and stock-based compensation

 

(58,481)

 

 

(57,818)

(Loss) gain on disposition of long lived asset

 

(59)

 

 

468 

Operating income

 

121,729 

 

 

109,960 

Interest expense

 

(47,515)

 

 

(59,695)

Expense of refinancing

 

         —

 

 

(19,964)

Foreign exchange losses

 

(101,749)

 

 

(70,340)

Gains on financial instruments

 

47,350 

 

 

36,853 

Other income

 

739 

 

 

383 

Income tax provision

 

(21,149)

 

 

(7,842)

Net loss

$

(595)

 

$

(10,645)

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

2014

 

2013

Balance Sheet Data:

 

 

 

 

 

Current assets

$

416,245 

 

$

366,814 

Total assets

 

4,756,122 

 

 

4,929,838 

Current liabilities

 

288,867 

 

 

360,744 

Long-term debt, including current portion

 

3,176,815 

 

 

3,215,831 

Total liabilities

 

4,129,276 

 

 

4,280,902 

Shareholders’ equity

 

626,846 

 

 

648,936 

 

XTAR, LLC [Member]
 
Investments in and Advances to Affiliates [Line Items]  
Summary Financial Data, Equity Method Investment

The following table presents summary financial data for XTAR as of March 31, 2014 and December 31, 2013 and for the three months ended March 31, 2014 and 2013 (in thousands): 

 

 

 

 

 

 

 

 

 

Three Months
Ended March 31,

 

2014

 

2013

Statement of Operations Data:

 

 

 

 

 

Revenues

$

8,046 

 

$

8,125 

Operating expenses

 

(7,807)

 

 

(8,369)

Depreciation and amortization

 

(2,315)

 

 

(2,310)

Operating loss

 

(2,076)

 

 

(2,554)

Net loss

 

(2,762)

 

 

(3,259)

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

2014

 

2013

Balance Sheet Data:

 

 

 

 

 

Current assets

$

5,929 

 

$

6,970 

Total assets

 

61,388 

 

 

64,745 

Current liabilities

 

22,737 

 

 

22,443 

Total liabilities

 

56,277 

 

 

56,872 

Members’ equity

 

5,111 

 

 

7,873