MAXAR TECHNOLOGIES INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions of United States dollars, except per share amounts)
|
|
| Year ended | |||||||
|
|
| December 31, | |||||||
|
|
| 2018 |
| 2017 |
|
| 2016 | ||
Revenues: |
|
|
|
|
|
|
|
|
|
Product |
| $ | 851 |
| $ | 1,119 |
| $ | 1,286 |
Service |
|
| 1,290 |
|
| 512 |
|
| 272 |
Total revenues |
|
| 2,141 |
|
| 1,631 |
|
| 1,558 |
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Product costs, excluding depreciation and amortization |
|
| 872 |
|
| 986 |
|
| 1,064 |
Service costs, excluding depreciation and amortization |
|
| 408 |
|
| 141 |
|
| 92 |
Selling, general and administrative |
|
| 507 |
|
| 387 |
|
| 223 |
Depreciation and amortization |
|
| 449 |
|
| 161 |
|
| 72 |
Impairment losses, net |
|
| 1,030 |
|
| — |
|
| — |
Operating (loss) income |
|
| (1,125) |
|
| (44) |
|
| 107 |
Interest expense, net |
|
| 202 |
|
| 99 |
|
| 33 |
Other expense (income), net |
|
| 1 |
|
| (39) |
|
| 7 |
(Loss) income before taxes |
|
| (1,328) |
|
| (104) |
|
| 67 |
Income tax benefit |
|
| (62) |
|
| (162) |
|
| (1) |
Equity in income from joint ventures, net of tax |
|
| (2) |
|
| — |
|
| — |
| Net (loss) income |
| $ | (1,264) |
| $ | 58 |
| $ | 68 |
|
|
|
|
|
|
|
|
|
|
|
| (Loss) earnings per common share: |
|
|
|
|
|
|
|
|
|
| Basic |
| $ | (21.76) |
| $ | 1.41 |
| $ | 1.87 |
| Diluted |
| $ | (21.76) |
| $ | 1.40 |
| $ | 1.86 |
