Loral Space and Communications, Inc. (LORL) financial statements (2021 and earlier)

Company profile

Business Address 600 FIFTH AVE
NEW YORK, NY 10020
State of Incorp. DE
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32259257255375951
Cash and cash equivalents32259257255375951
Receivables114111 34
Deferred tax assets    1
Other current assets1133332
Other undisclosed current assets    (1) (1)
Total current assets:34261264269416287
Noncurrent Assets
Operating lease, right-of-use asset01
Nontrade receivables 012   
Long-term investments and receivables193902553108 105
Long-term investments193902553108 105
Restricted cash and investments  0    
Deferred income tax assets2738
Other noncurrent assets0000000
Deferred tax assets, net 50115153113
Other undisclosed noncurrent assets  40    
Total noncurrent assets:22013066105223153218
TOTAL ASSETS:254391330375264215305
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3333225
Accrued liabilities      2
Employee-related liabilities3333222
Postemployment benefits liability      1
Other liabilities231141213
Other undisclosed current liabilities      (3)
Total current liabilities:554461416
Noncurrent Liabilities
Liabilities, other than long-term debt403529808892190
Liability for uncertainty in income taxes      77
Liability, pension and other postretirement and postemployment benefits20171519181821
Other liabilities20181361697492
Other undisclosed noncurrent liabilities      (77)
Total noncurrent liabilities:403529808892113
Total liabilities:4541338494106129
Stockholders' equity
Stockholders' equity attributable to parent, including:210350298291170108176
Treasury stock, value   (10)(10)(10)(10)
Additional paid in capital1,0201,0201,0201,0201,0201,0201,018
Accumulated other comprehensive loss(72)(55)(18)(37)(14)(29)(29)
Accumulated deficit(729)(606)(696)(683)(826)(874)(803)
Other undisclosed stockholders' equity attributable to parent(9)(9)(9)0000
Total stockholders' equity:210350298291170108176
TOTAL LIABILITIES AND EQUITY:254391330375264215305

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Operating expenses(7)(7)(7)(8)(7)(7)(5)
Other undisclosed operating income6      
Operating loss:(1)(7)(7)(8)(7)(7)(5)
Nonoperating income (expense)(10)11(1)(1)(4)(3)
Investment income, nonoperating1652001
Other nonoperating expense(11)(5)(3)(3)(1)(4)(3)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(11)(5)(5)(9)(8)(10)(8)
Income (loss) from equity method investments117101(24)21684(105)(2)
Income (loss) from continuing operations before income taxes:10696(30)20876(115)(10)
Income tax expense (benefit)(13)(6)39(73)(29)458
Income (loss) from continuing operations:93901013448(70)(1)
Loss from discontinued operations  (0)(0)(0)(1)(24)
Net income (loss) available to common stockholders, diluted:93901013447(70)(26)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):93901013447(70)(26)
Other comprehensive income (loss)(17)(37)24(19)151(8)
Comprehensive income (loss), net of tax, attributable to parent:76523311562(70)(34)

Statements sources

The financial statements are based on the company's filings with the 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.

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