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Satnews Daily
May 8th, 2012

Intelsat... Financially Speaking... (Business)


[SatNews] Intelsat S.A. has reported financial results for the three months ended March 31, 2012.

Intelsat S.A. reported revenue of $644.2 million and a net loss of $24.4 million for the three months ended March 31, 2012.  The company also reported Intelsat S.A. EBITDAi, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of $481.2 million, and Intelsat S.A. Adjusted EBITDAi of $496.7 million, or 77 percent of revenue, for the three months ended March 31, 2012.

Intelsat CEO Dave McGlade said, "In the first quarter, Intelsat achieved steady financial performance, driven by our customers' demand for the mission-critical communications infrastructure our network offers.  We successfully launched Intelsat 22 in March, carrying the Australian Defence Force hosted payload and continuing the deployment of beams for our global broadband mobility infrastructure.  This continued enhancement of our network positions Intelsat to serve high-demand applications in regions where growth is strongest. With contracted backlog of $10.5 billion providing visibility for future revenue and cash flows, we are focused on our 2012 investment program, which involves the launch of four additional satellites, providing incremental capacity to support future customer growth." To read the entire financial report, access this direct PDF download link.