Maxar's condensed consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2017 are available at:
http://mdacorporation.com/corporate/investor/financial-reports
DigitalGlobe Financial Results
The following table presents select DigitalGlobe financial results for the three and nine months ended September 30, 2017 on the same basis as how DigitalGlobe would have presented its results in US dollars and under US GAAP. EBITDA and Adjusted EBITDA are non-US GAAP financial measures used historically by DigitalGlobe management and Board of Directors to evaluate operational performance. EBITDA and Adjusted EBITDA may not be defined similarly by other companies and should not be considered alternatives to US GAAP financial measures.
|
Three months ended September 30, |
Nine months ended September 30, |
|||
|
2017 |
2016 |
2017 |
2016 |
|
|
(US$ millions) |
||||
|
Revenue |
222.9 |
181.8 |
658.3 |
532.7 |
|
Cost of revenue, excluding depreciation and amortization |
72.0 |
39.9 |
203.0 |
112.5 |
|
Selling, general and administrative |
52.0 |
46.5 |
169.1 |
135.7 |
|
Restructuring charges |
0.5 |
1.0 |
1.1 |
5.5 |
|
Loss from early extinguishment of debt |
- |
- |
0.5 |
- |
|
Equity in earnings from joint ventures, net of tax |
(0.1) |
1.3 |
(0.9) |
3.5 |
|
EBITDA |
98.5 |
93.1 |
285.5 |
275.5 |
|
Merger and integration costs |
2.3 |
- |
14.6 |
- |
|
Restructuring charges |
0.5 |
1.0 |
1.1 |
5.5 |
|
Other re-engineering costs |
- |
2.2 |
- |
3.8 |
|
Loss from early extinguishment of debt |
- |
- |
0.5 |
- |
|
Equity in earnings from joint ventures, net of tax |
(0.1) |
1.3 |
(0.9) |
3.5 |
|
Adjusted EBITDA |
101.2 |
97.6 |
300.8 |
288.3 |
About Maxar
Maxar Technologies Ltd. (formerly MacDonald, Dettwiler and Associates Ltd.) is a leading global provider of advanced space technology solutions for commercial and government markets including satellites, Earth imagery, geospatial data and analytics. As a trusted partner, Maxar Technologies provides unmatched end-to-end advanced systems capabilities and integrated solutions expertise to help our customers anticipate and address their most complex mission critical challenges with confidence. With more than 6,500 employees in 21 locations, the Maxar Technologies portfolio of commercial space brands includes SSL, MDA, DigitalGlobe and Radiant Solutions. Every day, millions of people rely on Maxar Technologies to communicate, share information and data, and deliver insights that empower a better world. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information visit www.maxar.com.
Investor/Analyst Conference Call
Maxar President and CEO
Howard Lance and Executive Vice President and CFO
William McCombe will host a Conference Call on Thursday, November 2, 2017 at 2:30 p.m. Pacific ( 5:30 p.m. Eastern) to discuss the financial results and to answer questions.
