| SUPPLEMENTAL CASH FLOW INFORMATION |
21. SUPPLEMENTAL CASH FLOW INFORMATION Cash and cash equivalents were comprised of the following: | As at June 30, | | 2026 | | 2025 | | Cash | | $ | 367,449 | | $ | 532,894 | | Short-term investments(1) | | | 15,792 | | | 14,492 | | Cash and cash equivalents | | $ | 383,241 | | $ | 547,386 | ____________ (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: | Six months ended June 30, | | 2026 | | 2025 | | Income taxes paid | | $ | (15,341 | ) | | $ | (10,012 | ) | | Income taxes received | | | 2 | | | | 51 | | | | | $ | (15,339 | ) | | $ | (9,961 | ) | Interest paid, net of interest received, was comprised of the following: | Six months ended June 30, | | 2026 | | 2025 | | Interest paid | | $ | (95,686 | ) | | $ | (103,833 | ) | | Interest received | | | 8,568 | | | | 12,675 | | | | | $ | (87,118 | ) | | $ | (91,158 | ) | The reconciliation of the liabilities arising from financing activities were as follows: | | | Indebtedness | | Satellite
performance
incentive
payments | | Lease
liabilities | | Balance as at January 1, 2026 | | $ | 3,493,607 | | | $ | 12,355 | | | $ | 40,109 | | | Cash inflows | | | 230,286 | | | | — | | | | — | | | Cash outflows | | | — | | | | (1,808 | ) | | | (1,394 | ) | | Non-cash additions | | | — | | | | — | | | | 6,604 | | | Non-cash transfer | | | — | | | | — | | | | (29 | ) | | Amortization of deferred financing costs, prepayment options, warrants and loss on repayment | | | 5,348 | | | | — | | | | — | | | Interest paid | | | — | | | | — | | | | (1,027 | ) | | Interest accrued | | | 28,257 | | | | — | | | | 1,101 | | | Non-cash transfer from deferred charges to indebtedness of debt issue costs and warrants | | | (58,145 | ) | | | — | | | | — | | | Impact of foreign exchange | | | 94,814 | | | | 357 | | | | 104 | | | Balance as at June 30, 2026 | | $ | 3,794,167 | | | $ | 10,904 | | | $ | 45,468 | | | | | Indebtedness | | Satellite
performance
incentive
payments | | Lease liabilities | | Balance as at January 1, 2025 | | $ | 3,096,615 | | | $ | 15,060 | | | $ | 33,375 | | | Cash inflows | | | 340,000 | | | | — | | | | — | | | Cash outflows | | | (4,501 | ) | | | (1,204 | ) | | | (1,552 | ) | | Non-cash additions | | | — | | | | — | | | | 9,112 | | | Amortization of deferred financing costs, prepayment options, warrants and loss on repayment | | | 2,116 | | | | — | | | | — | | | Gain on repurchase of debt | | | (6,896 | ) | | | — | | | | — | | | Interest paid | | | — | | | | — | | | | (1,035 | ) | | Interest accrued | | | 9,493 | | | | — | | | | 1,035 | | | Non-cash transfer from deferred charges to indebtedness of debt issue costs and warrants | | | (85,943 | ) | | | — | | | | — | | | Impact of foreign exchange | | | (164,114 | ) | | | (789 | ) | | | (401 | ) | | Balance as at June 30, 2025 | | $ | 3,186,770 | | | $ | 13,067 | | | $ | 40,534 | | The net change in operating assets and liabilities was comprised of the following: | Six months ended June 30, | | 2026 | | 2025 | | Trade and other receivables | | $ | 4,901 | | | $ | 104,991 | | | Financial assets | | | 410 | | | | (5,686 | ) | | Other assets | | | 3,827 | | | | (8,105 | ) | | Trade and other payables | | | (9,672 | ) | | | (13,750 | ) | | Financial liabilities | | | (288 | ) | | | 544 | | | Other liabilities | | | (8,401 | ) | | | 30,853 | | | | | $ | (9,223 | ) | | $ | 108,847 | | Non-cash investing activities were comprised of: | Six months ended June 30, | | 2026 | | 2025 | | Satellites, property and other equipment | | $ | 35,691 | | $ | 73,407 | |