Telesat Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	522.73	509.8	552.06	1,669	1,678	1,450
Cash & Short-Term Investments	522.73	509.8	552.06	1,669	1,678	1,450
Cash Growth	-34.44%	-7.66%	-66.92%	-0.52%	15.74%	77.13%
Accounts Receivable	58.82	30.56	48.28	47.56	29.25	95.54
Other Receivables	10.05	33.81	139.91	47.24	30.41	30.38
Receivables	68.88	64.37	188.18	94.8	59.66	125.92
Inventory	-	1.49	1.46	4.32	2.02	16.98
Prepaid Expenses	265.78	13.69	6.6	6.61	14.34	6.43
Other Current Assets	0.43	242.71	272.97	41.88	34.47	18.51
Total Current Assets	857.81	832.06	1,021	1,817	1,788	1,617
Property, Plant & Equipment	2,885	2,717	2,277	1,260	1,364	1,430
Goodwill	2,158	2,215	2,613	2,447	2,447	2,447
Other Intangible Assets	435.54	442.28	497.47	692.76	756.88	762.66
Long-Term Deferred Tax Assets	4.77	4.23	3.06	2.95	49.98	46.19
Long-Term Deferred Charges	-	231.66	416.43	-	0.25	0.51
Other Long-Term Assets	350.59	162.27	116.84	94.07	73.51	59.37
Total Assets	6,692	6,604	6,945	6,313	6,480	6,362
Accounts Payable	88.85	5.18	107.95	4.57	1.98	3.46
Accrued Expenses	-	19.34	20.85	21.72	38.54	19.81
Current Portion of Long-Term Debt	2,375	2,341	-	-	-	5.37
Current Portion of Leases	3.69	2.73	2.04	2.22	2.12	1.95
Current Income Taxes Payable	0.04	2.77	5.91	1.92	3.48	5.62
Current Unearned Revenue	-	45.33	57.54	55.11	66.83	78.16
Other Current Liabilities	945.86	900.94	62.28	52.19	58.46	67.59
Total Current Liabilities	3,413	3,317	256.58	137.73	171.4	181.96
Long-Term Debt	1,270	1,152	3,097	3,197	3,850	3,793
Long-Term Leases	52.64	37.38	31.34	31.12	31.99	33.73
Long-Term Unearned Revenue	-	157.53	185.4	224.33	259.58	289.93
Pension & Post-Retirement Benefits	64.76	65.16	70.47	71.37	32.86	45.22
Long-Term Deferred Tax Liabilities	80.25	91.99	175.54	235.25	271.25	296.32
Other Long-Term Liabilities	147.17	12.23	632.53	17.58	22.29	26.41
Total Liabilities	5,028	4,834	4,448	3,914	4,639	4,666
Common Stock	87.12	70	59.08	51.25	46.55	42.84
Retained Earnings	284.71	330.81	467.33	534.06	356.27	350.03
Comprehensive Income & Other	147.19	130.01	183.87	76.61	78.61	22.8
Total Common Equity	519.02	530.82	710.28	661.92	481.44	415.67
Minority Interest	1,145	1,239	1,786	1,737	1,359	1,281
Shareholders' Equity	1,664	1,770	2,497	2,399	1,840	1,696
Total Liabilities & Equity	6,692	6,604	6,945	6,313	6,480	6,362
Total Debt	3,701	3,534	3,130	3,230	3,884	3,834
Net Cash (Debt)	-3,178	-3,024	-2,578	-1,561	-2,206	-2,384
Net Cash Per Share	-214.90	-206.54	-184.96	-102.12	-179.22	-51.14
Filing Date Shares Outstanding	15.22	14.84	14.19	13.61	12.81	12.02
Total Common Shares Outstanding	15.22	14.84	14.19	13.61	12.81	12.02
Working Capital	-2,555	-2,485	764.69	1,679	1,617	1,435
Book Value Per Share	34.11	35.76	50.04	48.63	37.60	34.58
Tangible Book Value	-2,075	-2,126	-2,400	-2,477	-2,722	-2,794
Tangible Book Value Per Share	-136.33	-143.23	-169.11	-182.03	-212.57	-232.41
Buildings	-	99.85	94.07	87.38	86.22	85.74
Machinery	-	3,629	3,663	3,599	3,609	3,550
Construction In Progress	-	2,311	1,720	554.14	470.24	390.54
Order Backlog	-	826.7	1,100	-	-	-

SEC Filings: 10-K · 10-Q