Segments (Tables)

12 Months Ended

Dec. 31, 2011

Summarized Financial Information Of Reportable Segments

Segment Information

(In thousands)

		September 30,			September 30,			September 30,
	Year Ended December 31,
	2011			2010			2009
	(In thousands)
Revenues
Satellite manufacturing:
External revenues	$	967,432		$	1,021,768		$	901,283
Intersegment revenues⁽¹⁾		140,763			143,318			107,401

Satellite manufacturing revenues		1,108,195			1,165,086			1,008,684
Satellite services revenues⁽²⁾		817,269			797,283			691,566

Operating segment revenues before eliminations		1,925,464			1,962,369			1,700,250
Intercompany eliminations⁽³⁾		(830	)		(6,101	)		(15,284	)
Affiliate eliminations⁽²⁾		(817,269	)		(797,283	)		(691,566	)

Total revenues as reported	$	1,107,365		$	1,158,985		$	993,400

Segment Adjusted EBITDA⁽⁴⁾
Satellite manufacturing	$	137,659		$	143,076		$	90,565
Satellite services⁽²⁾		629,150			606,651			488,149
Corporate⁽⁵⁾		(17,170	)		(17,866	)		(21,371	)

Adjusted EBITDA before eliminations		749,639			731,861			557,343
Intercompany eliminations⁽³⁾		(279	)		(1,465	)		(1,673	)
Affiliate eliminations⁽²⁾		(629,150	)		(606,651	)		(488,149	)

Adjusted EBITDA		120,210			123,745			67,521

Reconciliation to Operating Income
Depreciation, Amortization and Stock-Based Compensation⁽⁴⁾
Satellite manufacturing		(32,514	)		(34,675	)		(44,203	)
Satellite services⁽²⁾		(248,010	)		(249,318	)		(230,176	)
Corporate		(1,175	)		(1,605	)		(3,107	)

Segment depreciation before affiliate eliminations		(281,699	)		(285,598	)		(277,486	)
Affiliate eliminations⁽²⁾		248,010			249,318			230,176

Depreciation, amortization and stock-based compensation as reported		(33,689	)		(36,280	)		(47,310	)
Gain on disposition of net assets⁽⁶⁾		6,913			—			—
Directors' indemnification expense ⁽⁷⁾		—			(6,857	)		—

Operating income as reported	$	93,434		$	80,608		$	20,211

Capital Expenditures
Satellite manufacturing	$	36,615		$	35,378		$	26,426
Satellite services⁽²⁾		390,641			254,020			231,654
Corporate		350			18,679			17,131

Segment capital expenditures before affiliate eliminations⁽⁸⁾		427,606			308,077			275,211
Affiliate eliminations⁽²⁾		(390,641	)		(254,020	)		(231,654	)

Capital expenditures as reported	$	36,965		$	54,057		$	43,557

		September 30,			September 30,
	As of December 31,
	2011			2010
	(In thousands)
Total Assets⁽⁸⁾
Satellite manufacturing	$	929,408		$	920,647
Satellite services⁽⁹⁾		5,724,418			5,605,239
Corporate		529,501			538,464

Total assets before affiliate eliminations		7,183,327			7,064,350
Affiliate eliminations⁽²⁾		(5,347,174	)		(5,309,441	)

Total assets as reported	$	1,836,153		$	1,754,909

⁽¹⁾	Intersegment revenues include $140 million, $137 million and $92 million for the years ended December 31, 2011, 2010 and 2009, 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 7).

⁽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 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 64% ownership interest in Telesat (see Note 17).

⁽⁷⁾	Represents indemnification expense, net of insurance recovery, in connection with defense costs incurred by MHR affiliated directors in the Delaware shareholder derivative case (see Note 15).

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

⁽⁹⁾	Includes $2.4 billion of satellite services goodwill related to Telesat as of December 31, 2011 and 2010, respectively.

Schedule Of Revenues From External Customers And Long Lived Assets By Geographical Areas

		September 30,		September 30,		September 30,
	For the Year Ended December 31,
	2011		2010		2009
United States	$	397,389	$	645,769	$	534,294
Canada		137,610		137,195		92,094
Spain		113,546		85,161		85,499
Bermuda		83,600		—		—
Mexico		82,657		49,157		22
France		80,923		24,657		344
People's Republic of China (including Hong Kong)		47,967		44,135		54,677
United Kingdom		40,741		57,976		101,499
Australia		40,067		—		—
Luxembourg		31,107		70,678		61,673
Norway		29,809		—		—
The Netherlands		18,501		26,721		59,509
Other		3,448		17,536		3,789

	$	1,107,365	$	1,158,985	$	993,400

- 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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