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10-Q Filing

VIASAT INC CIK: 797721 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001193125-17-252664
Period End Date 20170630
Filing Date 20170809
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance vsat-20170630.xml
Filing Contents
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $160.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $42.09M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $130.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $47.25M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $263.72M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $215.05M USD Point-in-time
Inventories InventoryNet $177.94M USD Point-in-time
Inventories InventoryNet $163.20M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $66.19M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $57.84M USD Point-in-time
Total current assets AssetsCurrent $614.86M USD Point-in-time
Total current assets AssetsCurrent $619.75M USD Point-in-time
Other acquired intangible assets, net FiniteLivedIntangibleAssetsNet $39.50M USD Point-in-time
Other acquired intangible assets, net FiniteLivedIntangibleAssetsNet $41.68M USD Point-in-time
Goodwill Goodwill $120.42M USD Point-in-time
Goodwill Goodwill $119.88M USD Point-in-time
Other assets OtherAssetsNoncurrent $529.37M USD Point-in-time
Other assets OtherAssetsNoncurrent $605.53M USD Point-in-time
Total assets Assets $3.08B USD Point-in-time
Total assets Assets $2.95B USD Point-in-time
Accounts payable AccountsPayableCurrent $84.01M USD Point-in-time
Accounts payable AccountsPayableCurrent $100.27M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $224.96M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $204.23M USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent $288.00K USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent $19.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $325.52M USD Point-in-time
Total current liabilities LiabilitiesCurrent $307.55M USD Point-in-time
Senior notes CommercialPaperNoncurrent $575.38M USD Point-in-time
Senior notes CommercialPaperNoncurrent $575.38M USD Point-in-time
Other long-term debt LongTermDebtOtherThanLongTermCommercialPaperNoncurrent $255.46M USD Point-in-time
Other long-term debt LongTermDebtOtherThanLongTermCommercialPaperNoncurrent $273.10M USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $109.89M USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $42.72M USD Point-in-time
Total liabilities Liabilities $1.25B USD Point-in-time
Total liabilities Liabilities $1.22B USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $6.00K USD Point-in-time
Common stock CommonStockValue $6.00K USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $1.48B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $1.44B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $346.44M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $297.47M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.50M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.11M USD Point-in-time
Total ViaSat, Inc. stockholders' equity StockholdersEquity $1.73B USD Point-in-time
Total ViaSat, Inc. stockholders' equity StockholdersEquity $1.83B USD Point-in-time
Noncontrolling interest in subsidiaries MinorityInterest $3.31M USD Point-in-time
Noncontrolling interest in subsidiaries MinorityInterest $3.11M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.83B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.74B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.95B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.08B USD Point-in-time
Income Statement 55 line items
Line Item Tag Value Unit Period
Product revenues SalesRevenueGoodsNet $160.68M USD 1 Quarter
Product revenues SalesRevenueGoodsNet $166.12M USD 1 Quarter
Service revenues SalesRevenueServicesNet $213.93M USD 1 Quarter
Service revenues SalesRevenueServicesNet $202.45M USD 1 Quarter
Total revenues SalesRevenueNet $363.13M USD 1 Quarter
Total revenues SalesRevenueNet $380.04M USD 1 Quarter
Cost of product revenues CostOfGoodsSold $122.64M USD 1 Quarter
Cost of product revenues CostOfGoodsSold $120.68M USD 1 Quarter
Cost of service revenues CostOfServices $137.85M USD 1 Quarter
Cost of service revenues CostOfServices $127.58M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $89.17M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $79.40M USD 1 Quarter
Independent research and development ResearchAndDevelopmentExpense $25.18M USD 1 Quarter
Independent research and development ResearchAndDevelopmentExpense $45.06M USD 1 Quarter
Amortization of acquired intangible assets AmortizationOfAcquiredIntangibleAsset $2.51M USD 1 Quarter
Amortization of acquired intangible assets AmortizationOfAcquiredIntangibleAsset $3.26M USD 1 Quarter
(Loss) income from operations OperatingIncomeLoss $7.78M USD 1 Quarter
(Loss) income from operations OperatingIncomeLoss $-17.95M USD 1 Quarter
Interest income InterestAndOtherIncome $93.00K USD 1 Quarter
Interest income InterestAndOtherIncome $323.00K USD 1 Quarter
Interest expense InterestExpense $56.00K USD 1 Quarter
Interest expense InterestExpense $5.13M USD 1 Quarter
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.97M USD 1 Quarter
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-17.91M USD 1 Quarter
Benefit from (provision for) income taxes IncomeTaxExpenseBenefit $-9.18M USD 1 Quarter
Benefit from (provision for) income taxes IncomeTaxExpenseBenefit $810.00K USD 1 Quarter
Equity in losses of unconsolidated affiliate, net IncomeLossFromEquityMethodInvestments $-513.00K USD 1 Quarter
Net (loss) income ProfitLoss $-9.25M USD 1 Quarter
Net (loss) income ProfitLoss $2.16M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interests, net of tax NetIncomeLossAttributableToNoncontrollingInterest $302.00K USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interests, net of tax NetIncomeLossAttributableToNoncontrollingInterest $-207.00K USD 1 Quarter
Net (loss) income attributable to ViaSat, Inc. NetIncomeLossAvailableToCommonStockholdersBasic $1.85M USD 1 Quarter
Net (loss) income attributable to ViaSat, Inc. NetIncomeLossAvailableToCommonStockholdersBasic $-9.04M USD 1 Quarter
Basic net (loss) income per share attributable to ViaSat, Inc. common stockholders EarningsPerShareBasic $-0.16 USD 1 Quarter
Basic net (loss) income per share attributable to ViaSat, Inc. common stockholders EarningsPerShareBasic $0.04 USD 1 Quarter
Diluted net (loss) income per share attributable to ViaSat, Inc. common stockholders EarningsPerShareDiluted $0.04 USD 1 Quarter
Diluted net (loss) income per share attributable to ViaSat, Inc. common stockholders EarningsPerShareDiluted $-0.16 USD 1 Quarter
Shares used in computing basic net (loss) income per share WeightedAverageNumberOfSharesOutstandingBasic 57.84M shares 1 Quarter
Shares used in computing basic net (loss) income per share WeightedAverageNumberOfSharesOutstandingBasic 49.13M shares 1 Quarter
Shares used in computing diluted net (loss) income per share WeightedAverageNumberOfDilutedSharesOutstanding 50.17M shares 1 Quarter
Shares used in computing diluted net (loss) income per share WeightedAverageNumberOfDilutedSharesOutstanding 57.84M shares 1 Quarter
Net (loss) income ProfitLoss $-9.25M USD 1 Quarter
Net (loss) income ProfitLoss $2.16M USD 1 Quarter
Unrealized gain (loss) on hedging, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-100.00K USD 1 Quarter
Unrealized gain (loss) on hedging, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $92.00K USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-764.00K USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.52M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-864.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $3.62M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-5.63M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.29M USD 1 Quarter
Less: comprehensive (loss) income attributable to the noncontrolling interests, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-207.00K USD 1 Quarter
Less: comprehensive (loss) income attributable to the noncontrolling interests, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $302.00K USD 1 Quarter
Comprehensive (loss) income attributable to ViaSat, Inc. ComprehensiveIncomeNetOfTax $-5.42M USD 1 Quarter
Comprehensive (loss) income attributable to ViaSat, Inc. ComprehensiveIncomeNetOfTax $991.00K USD 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $-9.25M USD 1 Quarter
Net (loss) income ProfitLoss $2.16M USD 1 Quarter
Depreciation Depreciation $49.77M USD 1 Quarter
Depreciation Depreciation $50.83M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $10.23M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $13.11M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-9.38M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-183.00K USD 1 Quarter
Equity in losses of unconsolidated affiliate, net IncomeLossFromEquityMethodInvestments $-513.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $15.51M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $12.76M USD 1 Quarter
Loss on disposition of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-8.09M USD 1 Quarter
Loss on disposition of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-9.20M USD 1 Quarter
Other non-cash adjustments OtherNoncashIncomeExpense $-2.76M USD 1 Quarter
Other non-cash adjustments OtherNoncashIncomeExpense $-2.28M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-21.94M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-46.50M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.74M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $15.19M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $8.20M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $8.84M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-11.22M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-18.34M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $5.35M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-7.64M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $1.15M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $63.62M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $62.12M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $153.65M USD 1 Quarter
Purchase of property, equipment and satellites PaymentsToAcquirePropertyPlantAndEquipment $120.58M USD 1 Quarter
Purchase of property, equipment and satellites PaymentsToAcquirePropertyPlantAndEquipment $109.82M USD 1 Quarter
Cash paid for patents, licenses and other assets PaymentsToAcquireIntangibleAssets $18.25M USD 1 Quarter
Cash paid for patents, licenses and other assets PaymentsToAcquireIntangibleAssets $21.00M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $504.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-142.08M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-128.07M USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $6.32M USD 1 Quarter
Proceeds from issuance of common stock under equity plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $6.71M USD 1 Quarter
Proceeds from issuance of common stock under equity plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $7.25M USD 1 Quarter
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.94M USD 1 Quarter
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.93M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-376.00K USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-372.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $4.94M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $85.31M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-65.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-180.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $5.16M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $30.46M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $160.56M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $42.09M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $130.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $47.25M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $160.56M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $42.09M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $130.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $47.25M USD Point-in-time
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities StockIssued1 $13.08M USD 1 Quarter
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities StockIssued1 $16.41M USD 1 Quarter
Capital expenditures not paid for IncreaseDecreaseInCapitalExpendituresIncurredButNotPaidFor $21.80M USD 1 Quarter
Capital expenditures not paid for IncreaseDecreaseInCapitalExpendituresIncurredButNotPaidFor $-5.50M USD 1 Quarter
Stockholders Equity 14 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.83B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.74B USD Point-in-time
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.23M USD 1 Quarter
Issuance of stock under Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $6.02M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $17.29M USD 1 Quarter
Shares issued in settlement of certain accrued employee compensation liabilities StockIssuedDuringPeriodValueEmployeeBenefitPlan $16.41M USD 1 Quarter
RSU awards vesting, net of shares withheld for taxes which have been retired AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $1.93M USD 1 Quarter
Cumulative effect adjustment upon adoption of new stock compensation guidance (ASU 2016-09) CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $59.12M USD Point-in-time
Net loss ProfitLoss $-9.25M USD 1 Quarter
Net loss ProfitLoss $2.16M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $-864.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $3.62M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.83B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.74B USD Point-in-time

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

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