Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2019

Investments in and Advances to Affiliates [Line Items]

Investments in affiliates consist of (in thousands):

Equity in Net (Loss) Income of Affiliates

Equity in net income (loss) of affiliates consists of (in thousands):

Telesat Canada [Member]

Investments in and Advances to Affiliates [Line Items]

Summary Financial Data, Equity Method Investment

The following table presents summary financial data for Telesat in accordance with U.S. GAAP, for the years ended December 31, 2019 and 2018 and as of December 31, 2019 and 2018 (in thousands):


	Year Ended December 31,
	2019		2018
Statement of Operations Data:
Revenues	$	687,868	$	699,596
Operating expenses		(129,770)		(137,400)
Depreciation, amortization and stock-based compensation		(212,282)		(205,451)
Other operating (expense) income		(649)		576
Operating income		345,167		357,321
Interest expense		(186,394)		(176,873)
Loss on refinancing		(86,166)		—
Foreign exchange gain (loss)		122,002		(203,005)
(Loss) gain on financial instruments		(42,039)		15,795
Other income		16,360		11,335
Income tax provision		(12,741)		(45,423)
Net income (loss)	$	156,189	$	(40,850)


	December 31,
	2019		2018
Balance Sheet Data:
Current assets	$	877,294	$	628,125
Total assets		4,130,337		3,942,847
Current liabilities		124,217		139,401
Long-term debt, including current portion		2,836,700		2,764,599
Total liabilities		3,504,594		3,474,504
Shareholders’ equity		625,743		468,343

December 31,