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Share-based payment plans (Tables)
12 Months Ended
Dec. 31, 2018
Share-based payment plans  
Summary of share-based compensation expense (benefit)

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

2018

 

2017

 

2016

Product costs, excluding depreciation and amortization

$

(1)

 

$

 6

 

$

(1)

Service costs, excluding depreciation and amortization

 

 2

 

 

 2

 

 

(1)

Selling, general and administrative

 

19

 

 

50

 

 

17

Stock-based compensation expense before taxes

 

20

 

 

58

 

 

15

Income taxes

 

 —

 

 

 —

 

 

 —

Stock-based compensation expense, net of tax

$

20

 

$

58

 

$

15

 

Liability classified awards  
Share-based payment plans  
Summary of share based payment activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Awards

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

SARs outstanding at December 31, 2017

 

2,638,857

 

C$

81.56

 

 

 

 

 

 

Exercised

 

(23,604)

 

 

57.99

 

 

 

 

 

 

Cancelled or expired

 

(1,283,592)

 

 

82.67

 

 

 

 

 

 

SARs outstanding at December 31, 2018

 

1,331,661

 

 

84.32

 

 

2.7

 

C$

 —

SARs vested and expected to vest at December 31, 2018

 

1,319,781

 

 

84.43

 

 

2.7

 

C$

 —

SARs exercisable at December 31, 2018

 

1,071,358

 

C$

86.01

 

 

2.3

 

C$

 —

 

Summary of valuation share based compensation awards

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

2018

 

2017

 

 

2016

Risk-free interest rate

 

1.7 - 1.9

%

 

1.7 - 1.9

%

 

0.7 - 1.4

%

Dividend yield

 

1.8

%

 

1.8

%

 

2.2

%

Expected lives (in years)

 

0.3 - 5.4

 

 

1.0 - 6.5

 

 

1.0 - 7.0

 

Volatility

 

14 - 23

%

 

14 - 25

%

 

20 - 26

%

 

SARs accounted for as equity-settled awards  
Share-based payment plans  
Summary of share based payment activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Awards

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

SARs outstanding at December 31, 2017

 

3,338,148

 

C$

78.61

 

 

 

 

 

 

Granted

 

10,307

 

 

49.71

 

 

 

 

 

 

Exercised

 

(19,837)

 

 

66.72

 

 

 

 

 

 

Cancelled or expired

 

(689,150)

 

 

80.65

 

 

 

 

 

 

SARs outstanding at December 31, 2018

 

2,639,468

 

 

76.49

 

 

5.4

 

C$

 —

SARs vested and expected to vest at December 31, 2018

 

2,543,453

 

 

76.71

 

 

5.3

 

C$

 —

SARs exercisable at December 31, 2018

 

1,715,148

 

C$

79.98

 

 

3.9

 

C$

 —

 

Restricted Share Units | Omnibus and DigitalGlobe Equity Incentive Plan  
Share-based payment plans  
Summary of share based payment activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Weighted Average

 

 

Number of

 

Grant Date

 

Number of

 

Grant Date

 

 

Awards 1

 

Fair Value  1

 

Awards 2

 

Fair Value  2

Nonvested RSUs at December 31, 2017

 

590,663

 

C$

79.68

 

 

470,101

 

$

54.57

Granted

 

161,748

 

 

52.03

 

 

 —

 

 

 —

Vested

 

(174,825)

 

 

79.24

 

 

(168,432)

 

 

54.52

Cancelled or expired

 

(73,174)

 

 

79.35

 

 

(27,808)

 

 

54.57

Nonvested RSUs at December 31, 2018

 

504,412

 

C$

70.80

 

 

273,861

 

$

54.57

 

1RSUs under the Omnibus plan

2RSUs under the DigitalGlobe Equity Plan

Deferred Share Units (DSU)  
Share-based payment plans  
Summary of share based payment activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Awards

 

Weighted Average Issuance Price

DSUs outstanding at December 31, 2017

 

79,460

 

C$

50.13

Issued

 

28,143

 

 

55.43

DSUs outstanding at December 31, 2018

 

107,603

 

C$

51.52

 

Equity-settled SARs, RSUs and DSUs  
Share-based payment plans  
Summary of valuation share based compensation awards

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

2018

 

2017

 

 

2016

Risk-free interest rate

 

1.9 - 2.3

%

 

0.6 - 1.9

%

 

0.6 - 1.3

%

Dividend yield

 

2.2 - 9.1

%

 

1.5 - 2.2

%

 

1.5 - 2.2

%

Expected lives (in years)

 

3.0 - 7.0

 

 

0.4 - 7.0

 

 

0.4 - 7.0

 

Volatility

 

22 - 41

%

 

17 - 25

%

 

17 - 25

%