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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

)