TSAT FY 2016 Earnings Report — Telesat Corporation Revenue & Financial Results | Market Cap Arena

Telesat CorporationTSAT

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$680M	—	$698M	—	-2.5%
Op. Income	$363M	—	$386M	—	-6.1%
Gross Margin	81.2%	—	80.7%	—	0.5pp
Net Margin	31.5%	—	-28.0%	—	59.4pp
EPS (Diluted)	$1.79	—	$-1.63	—	209.9%
Free Cash Flow	$207M	—	$167M	—	24.1%

Revenue Flow

Item	Amount
REVENUE	$680M
Cost of Revenue	$128M
GROSS PROFIT	$552M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$142M
Cost & Expenses	$269M
OPERATING INCOME	$363M
Interest Income	$136M
Interest Expense	$0
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$275M
Income Tax Expense	$61M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	-$7.3K
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$184M
EBIT	$363M
EBITDA	$547M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$680M
Cost of Revenue	$128M
GROSS PROFIT	$552M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$142M
Cost & Expenses	$269M
OPERATING INCOME	$363M
Interest Income	$136M
Interest Expense	$0
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$275M
Income Tax Expense	$61M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	-$7.3K
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$184M
EBIT	$363M
EBITDA	$547M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$214M
Depreciation & Amortization	$184M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	-$86M
Change in Working Capital	$69M
OPERATING CASH FLOW	$385M
Capital Expenditure	-$178M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$31M
NET CASH FROM INVESTING	-$209M
Net Debt Issuance	-$53M
Common Stock Repurchased	$0
Common Dividends Paid	-$7.3K
Other Financing Activities	-$49M
NET CASH FROM FINANCING	-$102M
FREE CASH FLOW	$207M
Net Change in Cash	$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$572M
Short-Term Investments	$0
Net Receivables	$35M
Inventory	$3M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$659M
PP&E (Net)	$1.4B
Goodwill	$1.8B
Intangible Assets	$608M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$4.5B
Account Payables	$2M
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$103M
TOTAL CURRENT LIABILITIES	$150M
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$654M
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$3.6B
Common Stock	$481M
Additional Paid-In Capital	$0
Retained Earnings	$342M
Treasury Stock	$0
Accum. Other Comp. Income	$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$873M
Minority Interest	$0
TOTAL EQUITY	$873M
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$2.8B
Net Debt	$2.3B