Investments in Affiliates (Tables)

9 Months Ended

Sep. 30, 2018

Investments in and Advances to Affiliates [Line Items]

Investments in Affiliates

Investments in affiliates consist of (in thousands):

	September 30,		December 31,
	2018		2017
Telesat	$	84,363	$	53,430

Equity in Net (Loss) Income of Affiliates

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Telesat	$	55,095	$	43,372	$	56,734	$	183,086

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 and nine months ended September 30, 2018 and 2017 and as of September 30, 2018 and December 31, 2017 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Statement of Operations Data:
Revenues	$	174,010	$	170,151	$	522,990	$	514,800
Operating expenses		(34,268)		(34,101)		(91,804)		(112,876)
Depreciation, amortization and stock-based compensation		(47,946)		(49,741)		(144,732)		(145,875)
Other operating income (expense)		848		(204)		835		(220)
Operating income		92,644		86,105		287,289		255,829
Interest expense		(43,063)		(37,901)		(130,671)		(111,765)
Foreign exchange gain (loss)		42,784		103,099		(66,294)		193,259
(Loss) gain on financial instruments		(202)		(6,542)		30,414		(17,471)
Other income		3,204		1,531		7,795		1,305
Income tax provision		(7,605)		(16,114)		(39,190)		(35,571)
Net income	$	87,762	$	130,178	$	89,343	$	285,586

	September 30,		December 31,
	2018		2017
Balance Sheet Data:
Current assets	$	576,052	$	445,104
Total assets		4,054,930		4,082,472
Current liabilities		157,103		126,100
Long-term debt, including current portion		2,764,075		2,829,911
Total liabilities		3,474,619		3,538,656
Shareholders’ equity		580,311		543,816