LORAL SPACE & COMMUNICATIONS INC. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
600 FIFTH AVE NEW YORK, NY 10020 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 31,631,000 | 259,067,000 | 256,947,000 | 255,139,000 | 37,458,000 | 58,853,000 | |||
| Cash and cash equivalent | 31,631,000 | 259,067,000 | 256,947,000 | 255,139,000 | 37,458,000 | 58,853,000 | |||
| Receivables | 1,228,000 | 576,000 | 3,903,000 | 11,105,000 | 545,000 | ||||
| Other current assets | 1,232,000 | 1,322,000 | 3,232,000 | 3,099,000 | 3,483,000 | 2,979,000 | |||
| Other undisclosed current assets | (545,000) | ||||||||
| Total current assets: | 34,091,000 | 260,965,000 | 264,082,000 | 269,343,000 | 40,941,000 | 61,832,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 342,000 | 988,000 | ✕ | ✕ | ✕ | ✕ | |||
| Nontrade receivables | 387,000 | 774,000 | 1,550,000 | ||||||
| Long-term investments and receivables | 192,664,000 | 90,184,000 | 24,574,000 | 53,430,000 | 107,950,000 | ||||
| Long-term investments | 192,664,000 | 90,184,000 | 24,574,000 | 53,430,000 | 107,950,000 | ||||
| Restricted cash and investments | 304,000 | ||||||||
| Deferred income tax assets | 27,339,000 | 37,945,000 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 33,000 | 341,000 | 350,000 | 372,000 | 55,000 | 110,000 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 50,016,000 | 115,285,000 | 152,676,000 | |||
| Other undisclosed noncurrent assets | 40,216,000 | ||||||||
| Total noncurrent assets: | 220,378,000 | 129,845,000 | 66,218,000 | 105,368,000 | 223,290,000 | 152,786,000 | |||
| TOTAL ASSETS: | 254,469,000 | 390,810,000 | 330,300,000 | 374,711,000 | 264,231,000 | 214,618,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,839,000 | 2,611,000 | 2,573,000 | 2,573,000 | 2,356,000 | 2,376,000 | |||
| Employee-related liabilities | 2,839,000 | 2,611,000 | 2,573,000 | 2,573,000 | 2,356,000 | 2,376,000 | |||
| Other liabilities | 2,002,000 | 2,883,000 | 1,495,000 | 1,279,000 | 3,772,000 | 12,055,000 | |||
| Total current liabilities: | 4,841,000 | 5,494,000 | 4,068,000 | 3,852,000 | 6,128,000 | 14,431,000 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 40,095,000 | 35,289,000 | 28,666,000 | 80,261,000 | 87,692,000 | 91,697,000 | |||
| Liability, pension and other postretirement and postemployment benefits | 20,181,000 | 17,447,000 | 15,167,000 | 18,786,000 | 18,433,000 | 18,119,000 | |||
| Other liabilities | 19,914,000 | 17,842,000 | 13,499,000 | 61,475,000 | 69,259,000 | 73,578,000 | |||
| Total noncurrent liabilities: | 40,095,000 | 35,289,000 | 28,666,000 | 80,261,000 | 87,692,000 | 91,697,000 | |||
| Total liabilities: | 44,936,000 | 40,783,000 | 32,734,000 | 84,113,000 | 93,820,000 | 106,128,000 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 209,533,000 | 350,027,000 | 297,566,000 | 290,598,000 | 170,411,000 | 108,490,000 | |||
| Treasury stock, value | (9,592,000) | (9,592,000) | (9,592,000) | ||||||
| Additional paid in capital | 1,019,988,000 | 1,019,988,000 | 1,019,988,000 | 1,019,988,000 | 1,019,988,000 | 1,020,129,000 | |||
| Accumulated other comprehensive loss | (71,972,000) | (54,914,000) | (17,620,000) | (37,278,000) | (13,836,000) | (28,698,000) | |||
| Accumulated deficit | (729,202,000) | (605,766,000) | (695,521,000) | (682,831,000) | (826,460,000) | (873,660,000) | |||
| Other undisclosed equity, attributable to parent | (9,281,000) | (9,281,000) | (9,281,000) | 311,000 | 311,000 | 311,000 | |||
| Total equity: | 209,533,000 | 350,027,000 | 297,566,000 | 290,598,000 | 170,411,000 | 108,490,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 254,469,000 | 390,810,000 | 330,300,000 | 374,711,000 | 264,231,000 | 214,618,000 | |||
Income Statement (P&L) (USD)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | (6,717,000) | (6,612,000) | (6,534,000) | (7,935,000) | (6,726,000) | (6,530,000) | ||
| Other undisclosed operating income | 5,854,000 | |||||||
| Operating loss: | (863,000) | (6,612,000) | (6,534,000) | (7,935,000) | (6,726,000) | (6,530,000) | ||
| Nonoperating income (expense) | (9,848,000) | 1,141,000 | 1,301,000 | (808,000) | (1,255,000) | (3,641,000) | ||
| Investment income, nonoperating | 1,050,000 | 5,727,000 | 4,746,000 | 2,483,000 | 194,000 | 138,000 | ||
| Other nonoperating expense | (10,898,000) | (4,586,000) | (3,445,000) | (3,291,000) | (1,449,000) | (3,779,000) | ||
| Interest and debt expense | (26,000) | (24,000) | (26,000) | (27,000) | (20,000) | (17,000) | ||
| Loss from continuing operations before equity method investments, income taxes: | (10,737,000) | (5,495,000) | (5,259,000) | (8,770,000) | (8,001,000) | (10,188,000) | ||
| Income (loss) from equity method investments | 116,716,000 | 101,403,000 | (24,412,000) | 216,347,000 | 84,078,000 | (104,792,000) | ||
| Income (loss) from continuing operations before income taxes: | 105,979,000 | 95,908,000 | (29,671,000) | 207,577,000 | 76,077,000 | (114,980,000) | ||
| Income tax expense (benefit) | (12,886,000) | (6,153,000) | 39,348,000 | (73,108,000) | (28,507,000) | 45,476,000 | ||
| Income (loss) from continuing operations: | 93,093,000 | 89,755,000 | 9,677,000 | 134,469,000 | 47,570,000 | (69,504,000) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 93,093,000 | 89,755,000 | 9,614,000 | 134,464,000 | 47,200,000 | (70,282,000) | |
| Loss from discontinued operations | (63,000) | (5,000) | (370,000) | (778,000) | ||||
| Net income (loss) available to common stockholders, diluted: | 93,093,000 | 89,755,000 | 9,614,000 | 134,464,000 | 47,200,000 | (70,282,000) | ||
Comprehensive Income (USD)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 93,093,000 | 89,755,000 | 9,614,000 | 134,464,000 | 47,200,000 | (70,282,000) | ||
| Other comprehensive income (loss) | (17,058,000) | (37,294,000) | 23,831,000 | (18,974,000) | 14,862,000 | 523,000 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 76,035,000 | 52,461,000 | 33,445,000 | 115,490,000 | 62,062,000 | (69,759,000) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.