MAXAR TECHNOLOGIES INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions of United States dollars, except per share amounts)
|
| December 31, |
| December 31, | ||
|
| 2018 |
| 2017 | ||
Assets |
|
|
|
|
|
Current assets: |
|
|
|
|
|
Cash and cash equivalents | $ | 35 |
| $ | 19 |
Trade and other receivables, net |
| 464 |
|
| 476 |
Inventory, net |
| 31 |
|
| 102 |
Advances to suppliers |
| 42 |
|
| 82 |
Income taxes receivable |
| 14 |
|
| 19 |
Prepaid and other current assets |
| 51 |
|
| 61 |
Total current assets |
| 637 |
|
| 759 |
Non-current assets: |
|
|
|
|
|
Orbital receivables |
| 407 |
|
| 424 |
Deferred tax assets |
| 103 |
|
| 63 |
Property, plant and equipment, net |
| 747 |
|
| 1,008 |
Intangible assets, net |
| 1,232 |
|
| 1,618 |
Goodwill |
| 1,751 |
|
| 2,374 |
Other assets |
| 124 |
|
| 131 |
Total assets | $ | 5,001 |
| $ | 6,377 |
Liabilities and Stockholders' Equity |
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
Accounts payable | $ | 248 |
| $ | 222 |
Accrued liabilities |
| 77 |
|
| 21 |
Accrued compensation and benefits |
| 100 |
|
| 120 |
Contract liabilities |
| 361 |
|
| 404 |
Current portion of long-term debt |
| 17 |
|
| 18 |
Other current liabilities |
| 46 |
|
| 46 |
| Total current liabilities |
| 849 |
|
| 831 |
| Non-current liabilities: |
|
|
|
|
|
| Pension and other postretirement benefits |
| 196 |
|
| 218 |
| Contract liabilities |
| 60 |
|
| 196 |
| Long-term debt |
| 3,030 |
|
| 2,943 |
| Other non-current liabilities |
| 222 |
|
| 356 |
| Total liabilities |
| 4,357 |
|
| 4,544 |
| Commitments and contingencies (Note 21) |
|
|
|
|
|
| Stockholders' equity: |
|
|
|
|
|
| Common stock (no par value, unlimited common shares authorized; 59.4 million and 56.2 million common
|
| 1,713 |
|
| 1,550 |
| Additional paid-in capital |
| 59 |
|
| 51 |
| (Accumulated deficit) retained earnings |
| (1,211) |
|
| 118 |
| Accumulated other comprehensive income |
| 82 |
|
| 113 |
| Total Maxar stockholders' equity |
| 643 |
|
| 1,832 |
| Noncontrolling interest |
| 1 |
|
| 1 |
| Total stockholders' equity |
| 644 |
|
| 1,833 |
| Total liabilities and stockholders' equity | $ | 5,001 |
| $ | 6,377 |
