TerreStar Corp.

(NASDAQ:TSTR)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 293,054 221,295 288,872 91,948
Restricted Cash 2,863 2,849 — —
Marketable Securities — — — —
Accounts Receivable — — — —
Loans Receivable — — — —
Other Receivable — — — —
Receivables — — — —
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses — — — —
Current Deferred Income Taxes — — — —
Other Current Assets 11,872 11,466 14,217 15,610
Total Current Assets 307,789 235,610 303,089 107,558
Land and Improvements — — — —
Building and Improvements 2,963 2,963 2,963 —
Machinery Furniture and Equipment 19,036 18,477 17,439 18,778
Construction in Progress 682,267 632,783 611,575 555,006
Other Fixed Assets — — — —
Total Fixed Assets 704,266 654,223 631,977 573,784
Gross Fixed Assets 704,266 654,223 631,977 573,784
Accumulated Depreciation and Depletion 6,066 4,834 3,699 2,633
Net Fixed Assets 698,200 649,389 628,278 571,151
Intangibles 475,669 479,742 215,180 212,256
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 20,112 245,476 249,141 352,258
Total Non Current Assets 1,193,981 1,374,607 1,092,599 1,135,665
Total Assets 1,501,770 1,610,217 1,395,688 1,243,223
Liabilities
Current Liabilities
Accounts Payable 24,488 22,742 41,550 18,823
Notes Payable — — — —
Short Term Debt 68 65 62 59
Accrued Expenses — 6,316 13,680 24,400
Accrued Liabilities 5,987 — 1,623 —
Deferred Revenues 1,389 — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities 13,499 8,963 14,845 9,329
Total Current Liabilities 45,431 38,086 71,760 52,611
Non Current Liabilities
Long Term Debt 876,796 848,399 801,385 567,955
Capital Lease Obligations 45 63 81 97
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities 3,530 187,458 185,299 185,202
Minority Interest Liabilities — — 2,308 12,141
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 1,334,302 1,482,506 1,469,333 1,226,506
Total Liabilities 1,288,871 1,444,420 1,397,573 1,173,895
Shareholders' Equity
Preferred Stock Equity 12 12 — —
Common Stock Equity 167,456 127,699 -73,645 16,717
Common Par 1,257 1,258 930 914
Additional Paid in Capital 1,202,944 1,091,971 817,316 806,195
Cumulative Translation Adjustment — — — —
Retained Earnings -1,026,980 -955,761 -882,121 -780,622
Treasury Stock -73,877 -73,877 -73,877 -73,877
Other Equity Adjustments 64,112 64,108 64,107 64,107
Total Capitalization 1,044,264 976,110 727,740 584,672
Cash Flow -168,937 -191,638 -190,293 -246,915
Working Capital 262,358 197,524 231,329 54,947
Free Cash Flow -25,352 -171,557 -86,450 -414,548
Invested Capital 1,044,309 976,173 727,821 584,769
Total Equity 167,468 127,711 -73,645 16,717
Total Liabilities and Stock Equity 1,501,770 1,610,217 1,395,688 1,243,223