Maxar Technologies Inc.

2023 Q2 Form 10-Q Financial Statement

#000155837023007734 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $26.00M
Short-Term Investments
Other Short-Term Assets $107.0M
YoY Change 386.36%
Inventory $45.00M
Prepaid Expenses $32.00M
Receivables
Other Receivables
Total Short-Term Assets $628.0M
YoY Change 33.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.113B
YoY Change 14.98%
Goodwill $1.649B
YoY Change 1.35%
Intangibles $722.0M
YoY Change -5.12%
Long-Term Investments
YoY Change
Other Assets $95.00M
YoY Change -17.39%
Total Long-Term Assets $4.012B
YoY Change 1.03%
TOTAL ASSETS
Total Short-Term Assets $628.0M
Total Long-Term Assets $4.012B
Total Assets $4.640B
YoY Change 4.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.00M
YoY Change 13.58%
Accrued Expenses $87.00M
YoY Change 40.32%
Deferred Revenue $387.0M
YoY Change 54.8%
Short-Term Debt
YoY Change
Long-Term Debt Due $21.00M
YoY Change -27.59%
Total Short-Term Liabilities $779.0M
YoY Change 36.67%
LONG-TERM LIABILITIES
Long-Term Debt $2.193B
YoY Change 6.46%
Other Long-Term Liabilities $68.00M
YoY Change -4.23%
Total Long-Term Liabilities $2.261B
YoY Change 6.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $779.0M
Total Long-Term Liabilities $2.261B
Total Liabilities $3.277B
YoY Change 10.52%
SHAREHOLDERS EQUITY
Retained Earnings -$887.0M
YoY Change 22.01%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.362B
YoY Change
Total Liabilities & Shareholders Equity $4.640B
YoY Change 4.5%

Cashflow Statement

Concept 2023 Q2 2023 Q1

Facts In Submission

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<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;">1.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;">GENERAL BUSINESS DESCRIPTION</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Maxar Technologies Inc. (the “Company” or “Maxar”) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. Maxar helps government and commercial customers monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. The Company’s approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with speed, scale and cost effectiveness.<b style="font-weight:bold;"> </b>Maxar’s stock trades on the New York Stock Exchange and Toronto Stock Exchange under the symbol “MAXR.”</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">As previously announced, on December 15, 2022, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with certain affiliates of funds advised by Advent International Corporation (“Advent”), pursuant to which, subject to the terms and conditions set forth therein, the outstanding shares of common stock of the Company will be acquired for $53.00 per share in an all-cash transaction. At a special meeting of Maxar stockholders held on April 19, 2023, our stockholders voted to adopt the Merger Agreement. We currently anticipate that the transaction will close in early May of 2023, subject to the satisfaction or waiver of the remaining closing conditions. Refer to the “Recent Developments” section of Part I, Item 2 for additional information regarding the Merger Agreement.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:31.7pt;text-indent:-31.7pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of estimates, assumptions and judgments</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The preparation of the Unaudited Condensed Consolidated Financial Statements in accordance with U.S. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the reporting date, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared using the most current and best available information; however, actual results could differ materially from those estimates.</p>
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