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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2592572553759516
Cash and cash equivalents2592572553759516
Receivables14111 3467
Income taxes receivable13
Deferred tax assets    14
Other current assets1333321
Other undisclosed current assets   (1) (1) 
Total current assets:26126426941628791
Noncurrent Assets
Operating lease, right-of-use asset1
Nontrade receivables012   
Long-term investments and receivables902553108 105150
Long-term investments902553108 105117
Accounts and financing receivable, after allowance for credit loss      34
Restricted cash and investments 0     
Deferred income tax assets38
Other noncurrent assets0000003
Deferred tax assets, net 5011515311384
Other undisclosed noncurrent assets 40     
Total noncurrent assets:13066105223153218237
TOTAL ASSETS:391330375264215305328
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3332251
Accrued liabilities     2 
Employee-related liabilities3332221
Postemployment benefits liability     10
Other liabilities311412139
Other undisclosed current liabilities     (3)(0)
Total current liabilities:5446141610
Noncurrent Liabilities
Liabilities, other than long-term debt3529808892190190
Pension and other postretirement defined benefit plans, liabilities17
Liability for uncertainty in income taxes     7780
Liability, pension and other postretirement and postemployment benefits171519181821
Other liabilities18136169749293
Other undisclosed noncurrent liabilities     (77)(80)
Total noncurrent liabilities:3529808892113110
Total liabilities:41338494106129120
Stockholders' equity
Stockholders' equity attributable to parent, including:350298291170108176208
Treasury stock, value  (10)(10)(10)(10)(10)
Additional paid in capital1,0201,0201,0201,0201,0201,0181,016
Accumulated other comprehensive loss(55)(18)(37)(14)(29)(29)(21)
Accumulated deficit(606)(696)(683)(826)(874)(803)(778)
Other undisclosed stockholders' equity attributable to parent(9)(9)0000 
Other undisclosed stockholders' equity      0
Total stockholders' equity:350298291170108176208
TOTAL LIABILITIES AND EQUITY:391330375264215305328

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Operating expenses(7)(7)(8)(7)(7)(5)(16)
Operating loss:(7)(7)(8)(7)(7)(5)(16)
Nonoperating income (expense)11(1)(1)(4)(3)1
Investment income, nonoperating6520011
Other nonoperating expense(5)(3)(3)(1)(4)(3)(1)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(5)(5)(9)(8)(10)(8)(16)
Income (loss) from equity method investments101(24)21684(105)(2)39
Income (loss) from continuing operations before income taxes:96(30)20876(115)(10)23
Income tax expense (benefit)(6)39(73)(29)458(2)
Income (loss) from continuing operations:901013448(70)(1)21
Loss from discontinued operations (0)(0)(0)(1)(24)(5)
Net income (loss) available to common stockholders, diluted:901013447(70)(26)17

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):901013447(70)(26)17
Other comprehensive income (loss)(37)24(19)151(8)16
Comprehensive income (loss), net of tax, attributable to parent:523311562(70)(34)33

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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