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Revenue (Tables)
12 Months Ended
Dec. 31, 2018
Revenue  
Summary of contract assets and contract liabilities by segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space

 

 

 

 

 

    

As of December 31, 2018

    

Systems

    

Imagery1

    

Services

 

Total

Contract liabilities

 

$

172

 

$

247

 

$

 2

 

$

421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Space

 

 

 

 

 

 

    

As of December 31, 2017

    

Systems

    

 

Imagery1

 

Services

 

Total

Contract liabilities

 

$

266

 

$

330

 

$

 4

 

$

600

 

 

 

 

 

 

 

 

 

 

 

 

 

1  The contract liability balance associated with the Company’s EnhancedView Contract was $184 million and $278 million as of December 31, 2018 and 2017, respectively. During the year ended December 31, 2018, imputed interest on advanced payments increased the contract liability balance by $26 million, and $120 million in revenue was recognized, decreasing the contract liability balance. The contract liability balance associated with the Company’s EnhancedView Contract is expected to be recognized as revenue through August 31, 2020. There were no deferred contract costs on the Consolidated Balance Sheets associated with this contract as of December 31, 2018 or December 31, 2017. 

Summary of revenue by primary sources

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2018

    

Space Systems

    

Imagery

    

Services

    

Eliminations

    

Total

Product revenues

 

$

851

 

$

 —

 

$

 —

 

$

 —

 

$

851

Service revenues

 

 

191

 

 

841

 

 

258

 

 

 —

 

 

1,290

Intersegment eliminations

 

 

87

 

 

 4

 

 

 8

 

 

(99)

 

 

 —

 

 

$

1,129

 

$

845

 

$

266

 

$

(99)

 

$

2,141

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

    

Space Systems

    

Imagery

    

Services

    

Eliminations

    

Total

Product revenues

 

$

1,119

 

$

 —

 

$

 —

 

$

 —

 

$

1,119

Service revenues

 

 

141

 

 

228

 

 

143

 

 

 —

 

 

512

Intersegment eliminations

 

 

10

 

 

 2

 

 

 1

 

 

(13)

 

 

 —

 

 

$

1,270

 

$

230

 

$

144

 

$

(13)

 

$

1,631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2016

    

Space Systems

    

Imagery

    

Services

    

Eliminations

    

Total

Product revenues

 

$

1,285

 

$

 —

 

$

 —

 

$

 —

 

$

1,285

Service revenues

 

 

132

 

 

41

 

 

100

 

 

 —

 

 

273

Intersegment eliminations

 

 

 4

 

 

 1

 

 

 —

 

 

(5)

 

 

 —

 

 

$

1,421

 

$

42

 

$

100

 

$

(5)

 

$

1,558

 

Summary of revenue by geographic location

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

 

2018

    

 

2017

    

 

2016

United States

 

$

1,371

 

$

744

 

$

447

Canada

 

 

152

 

 

330

 

 

424

Asia

 

 

334

 

 

295

 

 

312

Europe

 

 

118

 

 

207

 

 

285

Australia

 

 

18

 

 

29

 

 

30

South America

 

 

134

 

 

17

 

 

58

Other

 

 

14

 

 

 9

 

 

 2

 

 

$

2,141

 

$

1,631

 

$

1,558

 

Schedule of revenue from significant customers

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2018

 

2017

    

2016

Government:

 

 

  

 

 

 

 

 

  

U.S. Federal Government and agencies

 

$

890

 

$

294

 

$

98

Canadian Federal Government and agencies

 

 

96

 

 

194

 

 

212

Commercial and other

 

 

1,155

 

 

1,143

 

 

1,248

Total revenue

 

$

2,141

 

$

1,631

 

$

1,558