Maxar Technologies reports second quarter 2018 results, declares quarterly dividend

 

MAXAR TECHNOLOGIES LTD.
Unaudited Condensed Consolidated Statements of Earnings
(In millions of United States dollars, except per share amounts)



Three months ended



Six months ended



June 30, 



June 30, 



2018



2017



2018



2017

Revenues

$

578.9


$

375.2


$

1,136.6


$

748.7

Costs and expenses:













Direct costs, selling, general and administration


407.2



308.7



777.5



619.2


Depreciation and amortization


115.1



19.3



227.5



38.3


Foreign exchange loss (gain)


3.1



(9.5)



2.0



(9.7)


Share-based compensation expense


10.6



2.0



9.3



6.8


Other expense


22.0



17.1



29.3



35.8

Earnings before interest and income taxes


20.9



37.6



91.0



58.3


Finance expense, net


48.7



10.8



94.2



21.4

(Loss) earnings before income taxes


(27.8)



26.8



(3.2)



36.9


Income tax (recovery) expense


(6.4)



7.5



(13.0)



13.3


Equity in earnings from joint ventures, net of tax


(2.8)





(2.6)



Net (loss) earnings

$

(18.6)


$

19.3


$

12.4


$

23.6













Net (loss) earnings per common share:













Basic

$

(0.33)


$

0.53


$

0.22


$

0.65


Diluted

$

(0.33)


$

0.52


$

0.22


$

0.64


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