Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2020

Investments in and Advances to Affiliates [Line Items]

Investments in Affiliates

Investments in affiliates consist of (in thousands):

	December 31,
	2020		2019
Telesat	$	192,664	$	90,184

Equity in Net (Loss) Income of Affiliates

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

	Year Ended December 31,
	2020		2019
Telesat	$	116,716	$	101,403

Telesat Holdings Inc [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 years ended December 31, 2020 and 2019 and as of December 31, 2020 and 2019 (in thousands):

	Year Ended December 31,
	2020		2019
Statement of Operations Data:
Revenues	$	613,866	$	687,868
Operating expenses		(136,262)		(141,136)
Depreciation and amortization		(174,526)		(200,838)
Impairment of intangible asset		(3,410)		—
Other operating expense		(160)		(649)
Operating income		299,508		345,245
Interest expense		(152,236)		(186,394)
Loss on refinancing		—		(86,166)
Foreign exchange gain		35,655		122,002
Loss on financial instruments		(13,305)		(42,039)
Other income		5,294		16,282
Income tax benefit (provision)		3,721		(12,741)
Net income	$	178,637	$	156,189

	December 31,
	2020		2019
Balance Sheet Data:
Current assets	$	703,210	$	877,294
Total assets		3,943,875		4,130,337
Current liabilities		129,849		124,217
Long-term debt, including current portion		2,483,256		2,836,700
Total liabilities		3,140,747		3,504,594
Shareholders’ equity		803,128		625,743