Telesat Corporation (TSAT)

Telesat Income Statement

Financials in millions CAD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	672.91	704.16	759.17	758.21	820.47	910.89
Revenue Growth (YoY)	-11.09%	-7.25%	0.13%	-7.59%	-9.93%	0.88%
Cost of Revenue	198.19	204.55	258.99	236.95	181.63	165.5
Gross Profit	474.72	499.61	500.18	521.26	638.84	745.39
Other Operating Expenses	-79.75	-69.24	203.73	112.14	234.3	267.11
Operating Expenses	-79.75	-69.24	203.73	112.14	234.3	267.11
Operating Income	554.47	568.85	296.45	409.12	404.54	478.29
Interest Expense / Income	265.91	270.35	221.76	187.99	203.76	258.26
Other Expense / Income	67.53	51.78	47.05	57.56	-39.69	17.71
Pretax Income	221.04	246.71	27.65	163.57	240.47	202.32
Income Tax	86.38	89.6	51.41	71.04	-4.35	15.12
Net Income	134.66	157.12	-23.76	92.53	244.82	187.2
Net Income Growth	-	-	-	-62.20%	30.78%	-
Shares Outstanding (Basic)	14	13	12	45	50	50
Shares Outstanding (Diluted)	14	13	12	45	50	50
Shares Change	5.25%	8.98%	-72.74%	-8.82%	-0.54%	-
EPS (Basic)	10.02	11.71	-1.93	2.05	4.95	3.78
EPS (Diluted)	9.64	11.29	-1.93	1.99	4.92	3.76
EPS Growth	-	-	-	-59.55%	30.85%	-
Free Cash Flow	110.47	85.77	197.04	13.56	279.48	363.6
Free Cash Flow Per Share	8.06	6.39	16.00	0.30	5.64	7.34
Gross Margin	70.55%	70.95%	65.89%	68.75%	77.86%	81.83%
Operating Margin	82.40%	80.78%	39.05%	53.96%	49.31%	52.51%
Profit Margin	20.01%	22.31%	-3.13%	12.20%	29.84%	20.55%
Free Cash Flow Margin	16.42%	12.18%	25.96%	1.79%	34.06%	39.92%
Effective Tax Rate	39.08%	36.32%	185.96%	43.43%	-1.81%	7.47%
EBITDA	672.19	712.83	453.14	571.32	678.31	726.82
EBITDA Margin	99.89%	101.23%	59.69%	75.35%	82.67%	79.79%
Depreciation & Amortization	185.24	195.76	203.73	219.76	234.08	266.24
EBIT	486.94	517.06	249.4	351.56	444.23	460.58
EBIT Margin	72.36%	73.43%	32.85%	46.37%	54.14%	50.56%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).