v3.26.1
Unaudited Interim Condensed Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from (used in) operating activities [abstract]    
Net income (loss) $ (709,499) $ 24,072
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 44,194 51,823
Amortization 17,340 22,538
Tax expense (recovery) (3,943) 4,716
Interest expense 100,404 110,295
Interest income (8,330) (13,295)
(Gain) loss on foreign exchange 37,206 (117,090)
(Gain) loss on change in fair value of financial instruments 487,746 46,660
Share-based compensation 6,939 5,592
(Gain) loss on disposal of assets (5) (3,819)
Gain on repurchase of debt (6,896)
Impairment 84,469
Deferred revenue amortization (22,840) (29,183)
Pension expense 2,251 2,728
Other 3,880 2,387
Income taxes paid, net of income tax received (15,339) (9,961)
Interest paid, net of interest received (87,118) (91,158)
Operating assets and liabilities (9,223) 108,847
Net cash (used in) generated from operating activities (71,868) 108,256
Cash flows (used in) generated from investing activities    
Cash payments related to satellite programs (178,181) (347,267)
Cash payments related to property and other equipment (98,704) (69,945)
Net proceeds from disposal of assets 4,500
Investments and other (1,719)
Net cash (used in) generated from investing activities (278,604) (412,712)
Cash flows (used in) generated from financing activities    
Proceeds from indebtedness 230,286 340,000
Repurchase of indebtedness (4,501)
Payments of principal on lease liabilities (1,394) (1,552)
Satellite performance incentive payments (1,808) (1,204)
Proceeds from exercise of stock options 599
Tax withholdings on settlement of restricted and performance share units (14,733) (8,325)
Net cash (used in) generated from financing activities 212,950 324,418
Effect of changes in exchange rates on cash and cash equivalents 10,965 (24,640)
Changes in cash and cash equivalents (126,557) (4,678)
Cash and cash equivalents, beginning of period 509,798 552,064
Cash and cash equivalents, end of period $ 383,241 $ 547,386