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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2019
Summary of significant accounting policies  
Schedule of summarized financial information of equity method investments

Summarized Consolidated Balance Sheets

    

    

December 31, 

    

December 31, 

2019

2018

  

  

Current assets

 

 

$

49

$

12

Non-current assets

5

6

Total assets

 

$

54

$

18

Total liabilities 1

 

$

10

$

5

1 For the years ended December 31, 2019 and 2018, liabilities were classified as current.

Summarized Consolidated Statements of Operations

Year Ended

December 31, 

    

2019

    

2018

2017

Revenues

$

54

$

21

$

14

Gross profit

$

51

$

19

$

14

Income from operations

$

32

$

2

$

1

Net income

$

24

$

1

$

1

Schedule of estimated useful lives of property, plant and equipment

Estimated useful life

Land improvements

20 years

Buildings

7 - 45 years

Leasehold improvements

lesser of useful life or term of lease

Equipment

2 - 40 years

Satellites 1

11.5 - 14 years

Furniture and fixtures

2 - 10 years

Computer hardware

2 - 13 years

1

The estimated useful life over which the Company depreciates its satellites is determined once a satellite has been placed into orbit. The initial determination of a satellites useful life involves an analysis that considers design life, random part failure probabilities, expected component degradation and cycle life, predicted fuel consumption and experience with satellite parts, vendors and similar assets.

Schedule of estimated useful lives of intangible assets with finite lives

Estimated useful life

Customer relationships

9 - 21 years

Backlog

3 - 5 years

Technologies

5 - 13 years

Software

3 - 10 years

Image library

5 years

Trade names and other

5 - 20 years

Non-compete agreements

2 years