Maxar Technologies reports second quarter 2018 results, declares quarterly dividend

 

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









June 30, 



December 31, 



2018



2017

Assets






Current assets:







Cash and cash equivalents

$

13.3


$

19.1


Trade and other receivables


328.8



348.2


Financial assets, other


16.9



16.3


Contract assets


197.4



128.3


Inventories


95.3



96.5


Non-financial assets


98.4



125.2


Current tax assets


95.3



71.7



Total current assets


845.4



805.3

Non-current assets:







Orbital receivables


430.9



424.2


Financial assets, other


82.9



95.2


Non-financial assets


54.8



41.6


Deferred tax assets


147.2



108.3


Property, plant and equipment


1,060.5



1,054.9


Intangible assets


1,673.4



1,753.4


Goodwill


2,368.8



2,374.4



Total non-current assets


5,818.5



5,852.0



Total assets

$

6,663.9


$

6,657.3

Liabilities and Shareholders' Equity






Current liabilities:







Trade and other payables

$

236.6


$

236.9


Current tax liabilities


29.4



49.2


Financial liabilities, other


11.6



18.9


Provisions and other non-financial liabilities


19.8



11.3


Employee benefits


102.8



123.9


Contract liabilities


390.9



465.5


Securitization liability


15.4



15.5


Current portion of long-term debt


18.1



18.1



Total current liabilities


824.6



939.3

Non-current liabilities:







Financial liabilities, other


14.5



13.8


Provisions


49.0



159.3


Employee benefits


212.7



217.6


Non-financial liabilities


41.8



42.1


Contract liabilities


93.3



134.3


Deferred tax liabilities


142.9



103.6


Securitization liability


84.9



90.8


Long-term debt


3,076.4



2,942.9



Total non-current liabilities


3,715.5



3,704.4



Total liabilities


4,540.1



4,643.7

Shareholders' equity:







Share capital (no par value, unlimited common shares authorized; 58.6 million and 56.2 million common shares issued and outstanding, respectively)


1,670.1



1,550.3


Contributed surplus


60.7



50.6


Retained earnings


242.1



261.8


Accumulated other comprehensive income


150.9



150.9



Total shareholders' equity


2,123.8



2,013.6



Total liabilities and shareholders' equity

$

6,663.9


$

6,657.3


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