XML 36 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments in Affiliates (Tables)
6 Months Ended
Jun. 30, 2012
Schedule of Equity Method Investments [Line Items]  
Investments In Affiliates
                 
    June 30,
2012
    December 31,
2011
 

Telesat Holdings Inc.

  $ —       $ 377,244  

XTAR, LLC

    65,982       68,991  
   

 

 

   

 

 

 
    $ 65,982     $ 446,235  
   

 

 

   

 

 

 
Equity In Net Income (Losses) Of Affiliates
                                 
    Three Months
Ended June 30,
    Six Months
Ended June 30,
 
    2012     2011     2012     2011  

Telesat Holdings Inc.

  $ (8,855   $ 26,059     $ (1,475   $ 74,081  

XTAR, LLC

    (2,498     (2,089     (3,009     (3,853

Other

    —         (30     —         (42
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ (11,353   $ 23,940     $ (4,484   $ 70,186  
   

 

 

   

 

 

   

 

 

   

 

 

 
Effect Of Affiliate Transactions On Operating Statement
                                 
    Three Months
Ended June 30,
    Six Months
Ended June 30,
 
    2012     2011     2012     2011  

Revenues

  $ 22,427     $ 33,594     $ 46,583     $ 75,845  

Elimination of Loral’s proportionate share of profits relating to affiliate transactions

    (7,184     127       (14,025     (7,193

Profits relating to affiliate transactions not eliminated

    4,041       (71     7,889       4,049  
Telesat Holdings Inc. [Member]
 
Schedule of Equity Method Investments [Line Items]  
Equity Method Investment, Summarized Financial Data
                                 
    Three Months
Ended June 30,
    Six Months
Ended June 30,
 
    2012     2011     2012     2011  

Statement of Operations Data:

                               

Revenues

  $ 199,852     $ 207,139     $ 395,875       412,861  

Operating expenses

    (52,207     (47,041     (135,947     (93,816

Depreciation, amortization and stock-based compensation

    (61,009     (62,768     (121,497     (124,959

Loss on disposition of long lived asset

    (18     (5     (76     (764

Operating income

    86,618       97,325       138,355       193,322  

Interest expense

    (61,592     (54,373     (113,282     (110,685

Expense of refinancing

    (57,541     —         (79,403     —    

Foreign exchange (losses) gains

    (56,178     15,238       6,312       98,568  

Financial instruments gains (losses)

    25,770       (11,171     (655     (40,894

Other income

    241       494       965       1,590  

Income tax provision

    (6,748     (9,158     (4,319     (24,883

Net (loss) income

    (69,430     38,355       (52,027     117,018  

 

                 
    June 30,
2012
    December 31,
2011
 

Balance Sheet Data:

       

Current assets

  $ 218,161     $ 351,802  

Total assets

    5,253,525       5,347,174  

Current liabilities

    248,740       289,351  

Long-term debt, including current portion

    3,307,511       2,817,857  

Promissory note

    140,393       —    

Total liabilities

    4,712,677       4,045,619  

Redeemable preferred stock

    —         138,485  

Shareholders’ equity

    540,848       1,163,070  
XTAR, LLC [Member]
 
Schedule of Equity Method Investments [Line Items]  
Equity Method Investment, Summarized Financial Data
                                 
    Three Months
Ended June 30,
    Six Months
Ended June 30,
 
    2012     2011     2012     2011  

Statement of Operations Data:

               

Revenues

  $ 6,821     $ 8,457     $ 14,672     $ 17,327  

Operating expenses

    (8,279     (8,625     (16,603     (17,129

Depreciation and amortization

    (2,345     (2,403     (4,750     (4,808

Operating loss

    (3,803     (2,571     (6,681     (4,610

Net loss

    (4,572     (3,723     (8,243     (6,860

 

                 
    June 30,
2012
    December 31,
2011
 

Balance Sheet Data:

       

Current assets

  $ 7,276     $ 10,558  

Total assets

    80,000       88,033  

Current liabilities

    45,530       45,704  

Total liabilities

    54,824       54,614  

Members’ equity

    25,176       33,419