Investments in Affiliates (Tables)

3 Months Ended

Mar. 31, 2018

Investments in and Advances to Affiliates [Line Items]

Investments in Affiliates

Investments in affiliates consist of (in thousands):

	March 31,		December 31,
	2018		2017
Telesat	$	39,306	$	53,430

Equity in Net (Loss) Income of Affiliates

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

	Three Months Ended March 31,
	2018		2017
Telesat	$	5,094	$	139,714

Telesat Canada [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, for the three months ended March 31, 2018 and 2017 and as of March 31, 2018 and December 31, 2017 (in thousands):

	Three Months Ended March 31,
	2018		2017
Statement of Operations Data:
Revenues	$	184,866	$	177,111
Operating expenses		(30,603)		(41,988)
Depreciation, amortization and stock-based compensation		(48,499)		(48,497)
Gain (loss) on disposition of long lived asset		2		(18)
Operating income		105,766		86,608
Interest expense		(45,088)		(36,793)
Foreign exchange (loss) gain		(63,301)		17,851
Gain (loss) on financial instruments		32,383		(3,613)
Other income		1,618		461
Income tax provision		(23,770)		(9,838)
Net income	$	7,608	$	54,676

	March 31,		December 31,
	2018		2017
Balance Sheet Data:
Current assets	$	477,039	$	445,104
Total assets		4,028,918		4,082,472
Current liabilities		155,390		126,100
Long-term debt, including current portion		2,778,023		2,829,911
Total liabilities		3,520,557		3,538,656
Shareholders’ equity		508,361		543,816