Investments in Affiliates (Tables)

3 Months Ended

Mar. 31, 2020

Investments in and Advances to Affiliates [Line Items]

Investments in Affiliates

Investments in affiliates consist of (in thousands):

	March 31,		December 31,
	2020		2019
Telesat	$	4,173	$	90,184

Equity in Net (Loss) Income of Affiliates

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

	Three Months Ended
	March 31,
	2020		2019
Telesat	$	(117,074)	$	42,004

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 as of March 31, 2020 and December 31, 2019 and for the three months ended March 31, 2020 and 2019 (in thousands):

	March 31,		December 31,
	2020		2019
Balance Sheet Data:
Current assets	$	934,012	$	877,294
Total assets		3,938,886		4,130,337
Current liabilities		143,850		124,217
Long-term debt, including current portion		2,834,182		2,836,700
Total liabilities		3,468,535		3,504,594
Shareholders’ equity		470,351		625,743

	Three Months Ended
	March 31,
	2020		2019
Statement of Operations Data:
Revenues	$	158,565	$	167,644
Operating expenses		(35,855)		(40,569)
Depreciation and amortization		(45,417)		(51,208)
Other operating expense		(167)		(55)
Operating income		77,126		75,812
Interest expense		(41,547)		(46,843)
Foreign exchange (loss) gain		(221,643)		52,469
Loss on financial instruments		(7,005)		(15,112)
Other income		4,078		3,834
Income tax benefit (provision)		682		(4,555)
Net (loss) income	$	(188,309)	$	65,605