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Long term debt and interest expense (Tables)
12 Months Ended
Dec. 31, 2018
Long-term debt and interest expense  
Summary of long term debt

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2018

    

2017

Syndicated credit facility:

 

 

  

 

 

  

Revolving loan payable

 

$

595

 

$

454

Operating loan payable in Canadian dollars (December 31, 2018 - C$0 million; December 31, 2017 - C$51 million)

 

 

 —

 

 

40

Term Loan A

 

 

500

 

 

500

Term Loan B

 

 

1,980

 

 

2,000

Debt issuance costs

 

 

(41)

 

 

(52)

Obligations under capital leases

 

 

13

 

 

19

Total long-term debt

 

 

3,047

 

 

2,961

Current portion

 

 

(17)

 

 

(18)

Non-current portion

 

$

3,030

 

$

2,943

 

Schedule of interest expense on long term debts and other obligations

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

 

2018

 

 

2017

 

 

2016

Interest on long-term debt

 

$

171

 

$

57

 

$

26

Interest expense on advance payments from customers

 

 

26

 

 

8

 

 

 —

Interest on orbital securitization liability

 

 

 7

 

 

8

 

 

2

Imputed interest and other

 

 

 2

 

 

3

 

 

 3

Capitalization of borrowing costs

 

 

(7)

 

 

 —

 

 

 —

Loss on debt extinguishment

 

 

 —

 

 

23

 

 

 2

Interest expense on dissenting stockholder liability

 

 

 3

 

 

 —

 

 

 —

Total interest expense

 

$

202

 

$

99

 

$

33

 

Summary of annual contractual principal repayments on long-term debt, net of financing fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

Thereafter

 

 

Total

Syndicated credit facility

 

$

11

 

$

262

 

$

858

 

$

14

 

$

14

 

$

1,875

 

$

3,034

Capital leases

 

 

 7

 

 

 4

 

 

 2

 

 

 —

 

 

 —

 

 

 —

 

 

13

Total

 

$

18

 

$

266

 

$

860

 

$

14

 

$

14

 

$

1,875

 

$

3,047