There’s a clear distinction between large fixed service satellite operators’ and small- to...
There’s a clear distinction between large fixed service satellite operators’ and small- to mid-sized operators’ capital spending and cash flow, said Patrick French, an analyst at Northern Sky Research. While the industry average for this ratio indicates that on average…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
nearly 80 percent of cash flow coming from operating activities is funneled into capital expenditures, “the standard deviation shows that this can easily vary as widely as under 10 percent on the low end and over 150 percent … on the top end,” he said on the NSR website. French said this trend occurs because small- to mid-sized FSS operators “will normally exhibit periods of very high capital spending when they need to plan for a replacement satellite in their fleet or look to expand their overall fleet size, but the small- to mid-sized FSS operators will then have very low CAPEX requirements in between these satellite programs."