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10-Q Filing

VIASAT INC CIK: 797721 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-040747
Period End Date 20230630
Filing Date 20230809
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance vsat-20230630_htm.xml
Filing Contents
Balance Sheet 63 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.35B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.96B USD Point-in-time
Restricted cash RestrictedCashCurrent $33.96M USD Point-in-time
Restricted cash RestrictedCashCurrent $30.53M USD Point-in-time
Short-term investments ShortTermInvestments $134.27M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $419.93M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $630.53M USD Point-in-time
Inventories InventoryNet $268.56M USD Point-in-time
Inventories InventoryNet $335.56M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $176.63M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $333.64M USD Point-in-time
Total current assets AssetsCurrent $2.24B USD Point-in-time
Total current assets AssetsCurrent $3.43B USD Point-in-time
Property, equipment and satellites, net PropertyPlantAndEquipmentNet $9.16B USD Point-in-time
Property, equipment and satellites, net PropertyPlantAndEquipmentNet $4.38B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $281.76M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $442.65M USD Point-in-time
Other acquired intangible assets, net FiniteLivedIntangibleAssetsNet $2.55B USD Point-in-time
Other acquired intangible assets, net FiniteLivedIntangibleAssetsNet $201.21M USD Point-in-time
Goodwill Goodwill $1.59B USD Point-in-time
Goodwill Goodwill $158.54M USD Point-in-time
Other assets OtherAssetsNoncurrent $727.40M USD Point-in-time
Other assets OtherAssetsNoncurrent $466.04M USD Point-in-time
Total assets Assets $7.73B USD Point-in-time
Total assets Assets $17.90B USD Point-in-time
Accounts payable AccountsPayableCurrent $271.55M USD Point-in-time
Accounts payable AccountsPayableCurrent $377.64M USD Point-in-time
Accrued and other liabilities AccruedAndOtherLiabilitiesCurrent $1.03B USD Point-in-time
Accrued and other liabilities AccruedAndOtherLiabilitiesCurrent $647.23M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $59.76M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $37.94M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.47B USD Point-in-time
Total current liabilities LiabilitiesCurrent $956.72M USD Point-in-time
Senior notes CommercialPaperNoncurrent $3.61B USD Point-in-time
Senior notes CommercialPaperNoncurrent $1.69B USD Point-in-time
Other long-term debt LongTermDebtOtherThanLongTermCommercialPaperNoncurrent $3.61B USD Point-in-time
Other long-term debt LongTermDebtOtherThanLongTermCommercialPaperNoncurrent $732.32M USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent $273.01M USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent $419.89M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $218.54M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.81B USD Point-in-time
Total liabilities Liabilities $3.87B USD Point-in-time
Total liabilities Liabilities $11.92B USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $8.00K USD Point-in-time
Common stock CommonStockValue $13.00K USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $2.54B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $4.72B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.32B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.24B USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-19.89M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.71M USD Point-in-time
Total Viasat, Inc. stockholders equity StockholdersEquity $3.82B USD Point-in-time
Total Viasat, Inc. stockholders equity StockholdersEquity $5.94B USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $36.36M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $36.26M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.98B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.86B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.70B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.68B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $17.90B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $7.73B USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $575.06M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $779.79M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $219.58M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $171.62M USD 1 Quarter
Independent research and development ResearchAndDevelopmentExpense $29.00M USD 1 Quarter
Independent research and development ResearchAndDevelopmentExpense $34.77M USD 1 Quarter
Amortization of acquired intangible assets AmortizationOfAcquiredIntangibleAsset $27.81M USD 1 Quarter
Amortization of acquired intangible assets AmortizationOfAcquiredIntangibleAsset $7.52M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-56.64M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-41.52M USD 1 Quarter
Interest income InterestAndOtherIncome $19.19M USD 1 Quarter
Interest income InterestAndOtherIncome $123.00K USD 1 Quarter
Interest expense InterestExpense $55.94M USD 1 Quarter
Interest expense InterestExpense $5.87M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $1.01M USD 1 Quarter
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-61.38M USD 1 Quarter
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-78.27M USD 1 Quarter
(Provision for) benefit from income taxes from continuing operations IncomeTaxExpenseBenefit $-533.00K USD 1 Quarter
(Provision for) benefit from income taxes from continuing operations IncomeTaxExpenseBenefit $-22.81M USD 1 Quarter
Equity in income (loss) of unconsolidated affiliate, net IncomeLossFromEquityMethodInvestments $831.00K USD 1 Quarter
Net income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-76.90M USD 1 Quarter
Net income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-38.56M USD 1 Quarter
Net income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $17.52M USD 1 Quarter
Net income (loss) ProfitLoss $-76.90M USD 1 Quarter
Net income (loss) ProfitLoss $-21.04M USD 1 Quarter
Less: net income (loss) attributable to noncontrolling interest, net of tax NetIncomeLossAttributableToNoncontrollingInterest $102.00K USD 1 Quarter
Less: net income (loss) attributable to noncontrolling interest, net of tax NetIncomeLossAttributableToNoncontrollingInterest $525.00K USD 1 Quarter
Net income (loss) attributable to Viasat, Inc. NetIncomeLoss $-21.56M USD 1 Quarter
Net income (loss) attributable to Viasat, Inc. NetIncomeLoss $-77.00M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $-0.52 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $-0.83 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.23 USD 1 Quarter
Income (loss) EarningsPerShareBasic $-0.83 USD 1 Quarter
Income (loss) EarningsPerShareBasic $-0.29 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $-0.52 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $-0.83 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.23 USD 1 Quarter
Income (loss) EarningsPerShareDiluted $-0.29 USD 1 Quarter
Income (loss) EarningsPerShareDiluted $-0.83 USD 1 Quarter
Shares used in computing basic net income (loss) per share WeightedAverageNumberOfSharesOutstandingBasic 93.11M shares 1 Quarter
Shares used in computing basic net income (loss) per share WeightedAverageNumberOfSharesOutstandingBasic 74.86M shares 1 Quarter
Shares used in computing diluted net income (loss) per share WeightedAverageNumberOfDilutedSharesOutstanding 93.11M shares 1 Quarter
Shares used in computing diluted net income (loss) per share WeightedAverageNumberOfDilutedSharesOutstanding 74.86M shares 1 Quarter
Net income (loss) ProfitLoss $-76.90M USD 1 Quarter
Net income (loss) ProfitLoss $-21.04M USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-20.34M USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $8.53M USD 1 Quarter
Unrealized gain (loss) on hedging, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $6.30M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-20.34M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $14.82M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-62.08M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-41.38M USD 1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $102.00K USD 1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $525.00K USD 1 Quarter
Comprehensive income (loss) attributable to Viasat, Inc. ComprehensiveIncomeNetOfTax $-41.91M USD 1 Quarter
Comprehensive income (loss) attributable to Viasat, Inc. ComprehensiveIncomeNetOfTax $-62.18M USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-76.90M USD 1 Quarter
Net income (loss) ProfitLoss $-21.04M USD 1 Quarter
Depreciation Depreciation $102.35M USD 1 Quarter
Depreciation Depreciation $132.01M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $42.57M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $21.73M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $21.23M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $21.75M USD 1 Quarter
Loss on disposition of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-11.15M USD 1 Quarter
Loss on disposition of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-9.73M USD 1 Quarter
Deferred income taxes and other non-cash adjustments DeferredIncomeTaxesAndTaxCreditsAndOtherNonCashIncomeExpense $-24.20M USD 1 Quarter
Deferred income taxes and other non-cash adjustments DeferredIncomeTaxesAndTaxCreditsAndOtherNonCashIncomeExpense $-7.57M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $27.10M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $739.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $20.56M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $34.68M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-9.15M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $39.56M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $41.51M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $16.91M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-50.20M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-58.97M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-16.42M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $91.16M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $103.67M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $39.64M USD 1 Quarter
Purchase of property, equipment and satellites, and other assets PaymentsToAcquirePropertyPlantAndEquipment $270.86M USD 1 Quarter
Purchase of property, equipment and satellites, and other assets PaymentsToAcquirePropertyPlantAndEquipment $374.93M USD 1 Quarter
Payment related to acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $342.62M USD 1 Quarter
Payments to acquire short-term investments PaymentsToAcquireShortTermInvestments $52.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-270.86M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-769.55M USD 1 Quarter
Proceeds from debt borrowings ProceedsFromIssuanceOfLongTermDebt $150.00M USD 1 Quarter
Proceeds from debt borrowings ProceedsFromIssuanceOfLongTermDebt $1.33B USD 1 Quarter
Payments on debt borrowings RepaymentsOfLongTermDebt $12.69M USD 1 Quarter
Payments on debt borrowings RepaymentsOfLongTermDebt $18.87M USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $34.56M USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $1.51M USD 1 Quarter
Proceeds from issuance of common stock under equity plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $82.00K USD 1 Quarter
Proceeds from issuance of common stock under equity plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $9.63M USD 1 Quarter
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.21M USD 1 Quarter
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $505.00K USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-779.00K USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-706.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $144.21M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $1.28B USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $617.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-1.93M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $613.08M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-88.94M USD 1 Quarter
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.99B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $310.46M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $221.52M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.99B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $310.46M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $221.52M USD Point-in-time
Issuance of common stock in satisfaction of certain accrued compensation liabilities StockIssued1 $27.62M USD 1 Quarter
Issuance of common stock in satisfaction of certain accrued compensation liabilities StockIssued1 $31.17M USD 1 Quarter
Debt issuance costs not paid for DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction $6.65M USD 1 Quarter
Right-of-use assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $3.75M USD 1 Quarter
Right-of-use assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $5.24M USD 1 Quarter
Capital expenditures not paid for during the period CapitalExpendituresIncurredButNotYetPaid $17.94M USD 1 Quarter
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.98B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.86B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.70B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.68B USD Point-in-time
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $82.00K USD 1 Quarter
Issuance of stock under Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $9.63M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $24.16M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $24.88M USD 1 Quarter
Shares issued in settlement of certain accrued employee compensation liabilities StockIssuedDuringPeriodValueEmployeeBenefitPlan $27.62M USD 1 Quarter
Shares issued in settlement of certain accrued employee compensation liabilities StockIssuedDuringPeriodValueEmployeeBenefitPlan $31.17M USD 1 Quarter
RSU awards vesting, net of shares withheld for taxes which have been retired AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.21M USD 1 Quarter
RSU awards vesting, net of shares withheld for taxes which have been retired AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $505.00K USD 1 Quarter
Shares issued in connection with acquisition of business, net of issuance costs StockIssuedDuringPeriodValueAcquisitions $2.12B USD 1 Quarter
Other noncontrolling interest activity IncreaseDecreaseInOtherNoncontrollingInterestActivities $1.00K USD 1 Quarter
Net income (loss) ProfitLoss $-76.90M USD 1 Quarter
Net income (loss) ProfitLoss $-21.04M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-20.34M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $14.82M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.98B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.86B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.70B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.68B USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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