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Supplemental Cash Flow Information | 9 Months Ended
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Sep. 30, 2025
Supplemental Cash Flow Information [Abstract] |
SUPPLEMENTAL CASH FLOW INFORMATION | 21. SUPPLEMENTAL CASH FLOW INFORMATION Cash and cash equivalents were comprised of the following:
As at September 30, |  | 2025 |  | 2024
Cash |  | $ | 467,090 |  | $ | 1,064,174
Short-term investments(1) |  |  | 15,515 |  |  | 13,225
Cash and cash equivalents |  | $ | 482,605 |  | $ | 1,077,399
(1) Consisted of short-term investments with an original maturity of three months or less or which are available on demand with no penalty for early redemption. Income taxes paid, net of income taxes received was comprised of the following:
Nine months ended September 30, |  | 2025 |  | 2024
Income taxes paid |  | $ | (10,720 | ) |  | $ | (48,644 | )
Income taxes received |  |  | 18,984 |  |  |  | 8,094 |
|  | $ | 8,264 |  |  | $ | (40,550 | )
Interest paid, net of interest received was comprised of the following:
Nine months ended September 30, |  | 2025 |  | 2024
Interest paid |  | $ | (138,238 | ) |  | $ | (159,319 | )
Interest received |  |  | 15,489 |  |  |  | 59,757 |
|  | $ | (122,749 | ) |  | $ | (99,562 | )
The reconciliation of the liabilities arising from financing activities were as follows:
|  | Indebtedness |  | Satellite performance incentive payments |  | Lease liabilities
Balance as at January 1, 2025 |  | $ | 3,096,615 |  |  | $ | 15,060 |  |  | $ | 33,375 |
Cash inflows |  |  | 404,996 |  |  |  | — |  |  |  | — |
Cash outflows |  |  | (4,501 | ) |  |  | (1,400 | ) |  |  | (2,175 | )
Amortization of deferred financing costs, prepayment options, warrants and loss on repayment |  |  | 3,692 |  |  |  | — |  |  |  | — |
Gain on repurchase of debt |  |  | (6,896 | ) |  |  | — |  |  |  | — |
Interest paid |  |  | — |  |  |  | — |  |  |  | (1,558 | )
Interest accrued |  |  | 16,481 |  |  |  | — |  |  |  | 1,558 |
Non-cash transfer from deferred charges to indebtedness of debt issue costs and warrants |  |  | (102,375 | ) |  |  | — |  |  |  | — |
Non-cash transfers |  |  | — |  |  |  | (430 | ) |  |  | — |
Non-cash additions |  |  | — |  |  |  | — |  |  |  | 9,491 |
Impact of foreign exchange |  |  | (98,880 | ) |  |  | (492 | ) |  |  | 31 |
Balance as at September 30, 2025 |  | $ | 3,309,132 |  |  | $ | 12,738 |  |  | $ | 40,722 |
|  | Indebtedness |  | Satellite performance incentive payments |  | Lease liabilities
Balance as at January 1, 2024 |  | $ | 3,197,019 |  |  | $ | 18,271 |  |  | $ | 33,339 |
Cash outflows |  |  | (147,908 | ) |  |  | (2,971 | ) |  |  | (1,808 | )
Amortization of deferred financing costs, prepayment options and loss on repayment |  |  | 822 |  |  |  | — |  |  |  | — |
Gain on repurchase of debt |  |  | (193,690 | ) |  |  | — |  |  |  | — |
Non-cash additions |  |  | — |  |  |  | — |  |  |  | 2,099 |
Interest paid |  |  | — |  |  |  | — |  |  |  | (1,121 | )
Interest accrued |  |  | — |  |  |  | — |  |  |  | 1,121 |
Impact of foreign exchange |  |  | 71,952 |  |  |  | 417 |  |  |  | (95 | )
Balance as at September 30, 2024 |  | $ | 2,928,195 |  |  | $ | 15,717 |  |  | $ | 33,535 |
The net change in operating assets and liabilities was comprised of the following:
Nine months ended September 30, |  | 2025 |  | 2024
Trade and other receivables |  | $ | 102,749 |  |  | $ | (5,236 | )
Financial assets |  |  | (8,120 | ) |  |  | 890 |
Other assets |  |  | (53,635 | ) |  |  | (62,758 | )
Trade and other payables |  |  | 1,833 |  |  |  | (1,304 | )
Financial liabilities |  |  | 321 |  |  |  | (915 | )
Other liabilities |  |  | 32,093 |  |  |  | (6,324 | )
|  | $ | 75,241 |  |  | $ | (75,647 | )
Non-cash investing activities were comprised of:
Nine months ended September 30, |  | 2025 |  | 2024
Satellites, property and other equipment |  | $ | 87,936 |  |  | $ | 120,914 |
Disposal of a subsidiary |  | $ | (1,232 | ) |  | $ | (2,677 | )

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