MAXAR TECHNOLOGIES LTD.
Unaudited Condensed Consolidated Statements of Earnings
(In millions of United States dollars, except per share amounts)
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Three months ended |
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Six months ended | |||||||
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June 30, |
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June 30, | |||||||
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2018 |
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2017 |
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2018 |
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2017 | |
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Revenues |
$ |
578.9 |
|
$ |
375.2 |
|
$ |
1,136.6 |
|
$ |
748.7 | |
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Costs and expenses: |
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Direct costs, selling, general and administration |
|
407.2 |
|
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308.7 |
|
|
777.5 |
|
|
619.2 |
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Depreciation and amortization |
|
115.1 |
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19.3 |
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|
227.5 |
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38.3 |
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Foreign exchange loss (gain) |
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3.1 |
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|
(9.5) |
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2.0 |
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|
(9.7) |
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Share-based compensation expense |
|
10.6 |
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|
2.0 |
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|
9.3 |
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|
6.8 |
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Other expense |
|
22.0 |
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|
17.1 |
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29.3 |
|
|
35.8 |
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Earnings before interest and income taxes |
|
20.9 |
|
|
37.6 |
|
|
91.0 |
|
|
58.3 | |
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Finance expense, net |
|
48.7 |
|
|
10.8 |
|
|
94.2 |
|
|
21.4 |
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(Loss) earnings before income taxes |
|
(27.8) |
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|
26.8 |
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|
(3.2) |
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|
36.9 | |
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Income tax (recovery) expense |
|
(6.4) |
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|
7.5 |
|
|
(13.0) |
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|
13.3 |
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Equity in earnings from joint ventures, net of tax |
|
(2.8) |
|
|
— |
|
|
(2.6) |
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|
— |
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Net (loss) earnings |
$ |
(18.6) |
|
$ |
19.3 |
|
$ |
12.4 |
|
$ |
23.6 | |
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| |
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Net (loss) earnings per common share: |
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|
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| |
|
|
Basic |
$ |
(0.33) |
|
$ |
0.53 |
|
$ |
0.22 |
|
$ |
0.65 |
|
|
Diluted |
$ |
(0.33) |
|
$ |
0.52 |
|
$ |
0.22 |
|
$ |
0.64 |
