Telesat Corporation (TSAT)

Telesat Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,077	1,669	1,678	1,450	818.38	1,027
Cash & Short-Term Investments	1,077	1,669	1,678	1,450	818.38	1,027
Cash Growth	-39.30%	-0.52%	15.74%	77.13%	-20.33%	30.51%
Accounts Receivable	61.16	47.56	29.25	95.54	40.11	52.11
Other Receivables	9.04	47.24	30.41	30.38	14.93	38.68
Receivables	70.19	94.8	59.66	125.92	55.04	90.79
Inventory	-	4.32	2.02	16.98	5.22	3.56
Prepaid Expenses	116.84	6.61	14.34	6.43	5.94	12.9
Other Current Assets	0.22	41.88	34.47	18.51	9.03	0.75
Total Current Assets	1,265	1,817	1,788	1,617	893.62	1,135
Property, Plant & Equipment	1,839	1,260	1,364	1,430	1,319	1,459
Goodwill	2,488	2,447	2,447	2,447	2,447	2,447
Other Intangible Assets	685.67	692.76	756.88	762.66	779.19	802.79
Long-Term Deferred Tax Assets	2.52	2.95	49.98	46.19	79.91	12.41
Long-Term Deferred Charges	-	-	0.25	0.51	0.78	1.04
Other Long-Term Assets	52.89	55.06	73.51	59.37	62.57	64.96
Total Assets	6,332	6,274	6,480	6,362	5,581	5,922
Accounts Payable	157.47	4.57	1.98	3.46	5.39	4.56
Accrued Expenses	-	21.72	38.54	19.81	12.05	20.56
Current Portion of Long-Term Debt	16.91	-	-	5.37	12.58	27.61
Current Portion of Leases	0.84	2.22	2.12	1.95	2.13	1.87
Current Income Taxes Payable	4.38	1.92	3.48	5.62	7.33	0.12
Current Unearned Revenue	-	55.11	66.83	78.16	81.76	65.7
Other Current Liabilities	110.46	52.19	58.46	67.59	40.89	40.83
Total Current Liabilities	290.06	137.73	171.4	181.96	162.13	161.25
Long-Term Debt	2,911	3,197	3,850	3,793	3,193	3,693
Long-Term Leases	32.69	31.12	31.99	33.73	26.92	26.72
Long-Term Unearned Revenue	-	224.33	259.58	289.93	332.36	374.64
Long-Term Deferred Tax Liabilities	224.11	235.25	271.25	296.32	325.89	348.76
Other Long-Term Liabilities	200.56	17.58	22.29	26.41	33.37	40.08
Total Liabilities	3,689	3,875	4,639	4,666	4,121	4,677
Common Stock	56.47	51.25	46.55	42.84	155.69	154.89
Retained Earnings	585.52	534.06	356.27	350.03	1,267	1,031
Comprehensive Income & Other	104.52	76.61	78.61	22.8	37.72	59.38
Total Common Equity	746.5	661.92	481.44	415.67	1,460	1,245
Minority Interest	1,896	1,737	1,359	1,281	-	-
Shareholders' Equity	2,643	2,399	1,840	1,696	1,460	1,245
Total Liabilities & Equity	6,332	6,274	6,480	6,362	5,581	5,922
Total Debt	2,962	3,230	3,884	3,834	3,234	3,749
Net Cash (Debt)	-1,884	-1,561	-2,206	-2,384	-2,416	-2,722
Net Cash Per Share	-119.44	-102.12	-179.22	-51.14	-48.51	-54.65
Filing Date Shares Outstanding	14.05	13.61	12.81	12.02	119.8	119.76
Total Common Shares Outstanding	14.05	13.61	12.81	12.02	119.8	119.76
Working Capital	974.59	1,679	1,617	1,435	731.49	973.97
Book Value Per Share	53.12	48.63	37.60	34.58	12.19	10.40
Tangible Book Value	-2,427	-2,477	-2,722	-2,794	-1,766	-2,004
Tangible Book Value Per Share	-172.70	-182.03	-212.57	-232.41	-14.74	-16.73
Buildings	-	87.38	86.22	85.74	91.74	-
Machinery	-	3,599	3,609	3,550	3,607	3,553
Construction In Progress	-	554.14	470.24	390.54	89.75	11.18
Order Backlog	-	1,348	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.