|
|
| Three months ended |
|
| Year ended | ||||||
|
|
| December 31, |
|
| December 31, | ||||||
|
|
| 2018 |
|
| 2017 |
|
| 2018 |
|
| 2017 |
($ millions, except per share amounts) |
|
|
|
|
|
|
|
|
|
|
|
Revenue | $ | 496 |
| $ | 545 |
| $ | 2,141 |
| $ | 1,631 |
Net (loss) earnings |
| (950) |
|
| 55 |
|
| (1,264) |
|
| 58 |
EBITDA1 |
| (810) |
|
| 65 |
|
| (676) |
|
| 155 |
Adjusted EBITDA1 |
| 84 |
|
| 116 |
|
| 472 |
|
| 251 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) earnings per share, diluted | $ | (16.10) |
| $ | 0.99 |
| $ | (21.76) |
| $ | 1.41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding (millions): |
|
|
|
|
|
|
|
|
|
|
|
Basic |
| 59 |
|
| 55 |
|
| 58 |
|
| 41 |
Diluted |
| 60 |
|
| 56 |
|
| 58 |
|
| 41 |
1 | This is a non-GAAP financial measure. Refer to section "Non-GAAP Financial Measures" in this earnings release. |
Segment Results
The Company analyzes financial performance by segment, which combine related activities within the Company.
|
| Three months ended |
| Year ended | ||||||||
|
| December 31, |
| December 31, | ||||||||
|
|
| 2018 |
|
| 2017 |
|
| 2018 |
|
| 2017 |
| Adjusted EBITDA: |
|
|
|
|
|
|
|
|
|
|
|
| Space Systems |
| (29) |
|
| 19 |
|
| 5 |
|
| 151 |
| Imagery |
| 122 |
|
| 127 |
|
| 518 |
|
| 143 |
| Services |
| 6 |
|
| 10 |
|
| 25 |
|
| 23 |
| Intersegment eliminations |
| (6) |
|
| (1) |
|
| (22) |
|
| (1) |
| Corporate expenses |
| (9) |
|
| (39) |
|
| (54) |
|
| (65) |
| Adjusted EBITDA 1 | $ | 84 |
| $ | 116 |
| $ | 472 |
| $ | 251 |
