XML 91 R68.htm IDEA: XBRL DOCUMENT v3.22.0.1
Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of derivative financial instruments [text block] [Abstract]  
Schedule maturity of financial assets
 

Carrying
amount

 

Contractual cash flows

2022

 

2023

 

2024

 

2025

 

2026

 

Thereafter

Cash and cash equivalents

 

$

1,449,593

 

$

1,449,593

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

Trade and other receivables, excluding deferred receivables

 

 

117,144

 

 

117,144

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Deferred receivables

 

 

18,250

 

 

5,554

 

 

4,173

 

 

2,936

 

 

1,420

 

 

1,333

 

 

2,834

Other financial assets

 

 

3,475

 

 

861

 

 

1,841

 

 

—

 

 

—

 

 

—

 

 

773

   

$

1,588,462

 

$

1,573,152

 

$

6,014

 

$

2,936

 

$

1,420

 

$

1,333

 

$

3,607

Schedule of contractual maturities of financial liabilities
 

Carrying
amount

 

Contractual
cash flows
(undiscounted)

 

2022

 

2023

 

2024

 

2025

 

2026

 

Thereafter

Trade and other payables

 

$

54,628

 

$

54,628

 

$

54,628

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

Customer and other deposits

 

 

1,851

 

 

1,851

 

 

1,376

 

 

109

 

 

17

 

 

206

 

 

—

 

 

143

Satellite performance incentive payments

 

 

30,705

 

 

37,740

 

 

8,903

 

 

7,466

 

 

5,300

 

 

3,111

 

 

3,169

 

 

9,791

Other financial liabilities

 

 

3,106

 

 

3,106

 

 

3,106

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Interest rate swaps

 

 

5,367

 

 

5,582

 

 

5,582

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Indebtedness(1)

 

 

3,814,110

 

 

4,671,821

 

 

168,905

 

 

164,005

 

 

164,098

 

 

163,058

 

 

2,753,742

 

 

1,258,013

   

$

3,909,767

 

$

4,774,728

 

$

242,500

 

$

171,580

 

$

169,415

 

$

166,375

 

$

2,756,911

 

$

1,267,947

Schedule of interest payable and interest payments
 

Interest
payable

 

Interest
payments

Satellite performance incentive payments

 

$

361

 

$

7,304

Indebtedness

 

$

19,453

 

$

877,164

Schedule of financial assets and financial liabilities and fair values hierarchy

As at December 31, 2021

 

FVTPL

 

Amortized
cost

 

Total

 

Fair
value

 

Fair value
hierarchy

Cash and cash equivalents

 

$

—

 

 

$

1,449,593

 

 

$

1,449,593

 

 

$

1,449,593

 

 

Level 1

Trade and other receivables

 

 

—

 

 

 

122,698

 

 

 

122,698

 

 

 

122,698

 

 

​(3)

Other current financial assets

 

 

—

 

 

 

861

 

 

 

861

 

 

 

861

 

 

Level 1

Other long-term financial assets(1)

 

 

1,038

 

 

 

15,310

 

 

 

16,348

 

 

 

16,348

 

 

Level 1, Level 2

Trade and other payables

 

 

—

 

 

 

(54,628

)

 

 

(54,628

)

 

 

(54,628

)

 

​(3)

Other current financial liabilities

 

 

(5,367

)

 

 

(31,280

)

 

 

(36,647

)

 

 

(38,250

)

 

Level 2

Other long-term financial liabilities

 

 

—

 

 

 

(23,835

)

 

 

(23,835

)

 

 

(24,240

)

 

Level 2

Indebtedness(2)

 

 

—

 

 

 

(3,794,657

)

 

 

(3,794,657

)

 

 

(3,314,387

)

 

Level 2

   

$

(4,329

)

 

$

(2,315,938

)

 

$

(2,320,267

)

 

$

(1,842,005

)

   

As at December 31, 2020

 

FVTPL

 

Amortized
cost

 

Total

 

Fair
value

 

Fair value
hierarchy

Cash and cash equivalents

 

$

—

 

 

$

818,378

 

 

$

818,378

 

 

$

818,378

 

 

Level 1

Trade and other receivables

 

 

—

 

 

 

51,928

 

 

 

51,928

 

 

 

51,928

 

 

​(3)

Other current financial assets

 

 

—

 

 

 

448

 

 

 

448

 

 

 

448

 

 

Level 1

Other long-term financial assets(1)

 

 

30,266

 

 

 

23,159

 

 

 

53,425

 

 

 

53,425

 

 

Level 1, Level 2

Trade and other payables

 

 

—

 

 

 

(30,091

)

 

 

(30,091

)

 

 

(30,091

)

 

​(3)

Other current financial liabilities

 

 

(12,581

)

 

 

(23,299

)

 

 

(35,880

)

 

 

(37,921

)

 

Level 2

Other long-term financial liabilities

 

 

(5,448

)

 

 

(30,051

)

 

 

(35,499

)

 

 

(36,357

)

 

Level 2

Indebtedness(2)

 

 

—

 

 

 

(3,184,832

)

 

 

(3,184,832

)

 

 

(3,214,543

)

 

Level 2

   

$

12,237

 

 

$

(2,374,360

)

 

$

(2,362,123

)

 

$

(2,394,733

)

   
Schedule of calculation of the fair value of the indebtednes

As at December 31

 

2021

 

2020

Term Loan B – U.S. Facility – Senior Secured Credit Facilities

 

88.25

%

 

98.88

%

Senior Notes

 

77.65

%

 

104.76

%

Senior Secured Notes

 

88.72

%

 

103.64

%

2026 Senior Secured Notes

 

94.09

%

 

—

 

Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities

As at December 31, 2021

 

Other
long-term
financial
assets

 

Other
current
financial
liabilities

 

Total

Interest rate swaps

 

$

—

 

$

(5,367

)

 

$

(5,367

)

Prepayment options

 

 

1,038

 

 

—

 

 

 

1,038

 

   

$

1,038

 

$

(5,367

)

 

$

(4,329

)

As at December 31, 2020

 

Other
long-term
financial
assets

 

Other
current
Financial
liabilities

 

Other
long-term
financial
liabilities

 

Total

Interest rate swaps

 

$

—

 

$

(12,581

)

 

$

(5,448

)

 

$

(18,029

)

Prepayment options

 

 

30,266

 

 

—

 

 

 

—

 

 

 

30,266

 

   

$

30,266

 

$

(12,581

)

 

$

(5,448

)

 

$

12,237

 

Schedule of reconciliation of fair value of derivative assets and liabilities

Fair value, December 31, 2019 and January 1, 2020

 

$

24,905

 

Unrealized losses on derivatives

 

 

 

 

Prepayment options

 

 

(2,308

)

Interest rate swaps

 

 

(10,807

)

Impact of foreign exchange

 

 

447

 

Fair value, December 31, 2020

 

 

12,237

 

Derivatives recognized at inception

 

 

 

 

Prepayment option – 2026 Senior Secured Notes

 

 

1,896

 

Unrealized gains (losses) on derivatives

 

 

 

 

Prepayment options

 

 

(31,196

)

Interest rate swaps

 

 

12,512

 

Impact of foreign exchange

 

 

222

 

Fair value, December 31, 2021

 

$

(4,329

)