Maxar Technologies Reports 2018 Year End Results

 

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



Year ended



December 31,



2018


2017



2016

Revenues:










Product


$

851


$

1,119


$

1,286

Service



1,290



512



272

Total revenues



2,141



1,631



1,558

Costs and expenses:










Product costs, excluding depreciation and amortization



872



986



1,064

Service costs, excluding depreciation and amortization



408



141



92

Selling, general and administrative



507



387



223

Depreciation and amortization



449



161



72

Impairment losses, net



1,030





Operating (loss) income



(1,125)



(44)



107

Interest expense, net



202



99



33

Other expense (income), net



1



(39)



7

(Loss) income before taxes



(1,328)



(104)



67

Income tax benefit



(62)



(162)



(1)

Equity in income from joint ventures, net of tax



(2)





Net (loss) income


$

(1,264)


$

58


$

68











(Loss) earnings per common share:










Basic


$

(21.76)


$

1.41


$

1.87

Diluted


$

(21.76)


$

1.40


$

1.86


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