10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-18-021096 |
| Period End Date | 20180630 |
| Filing Date | 20180809 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | vsat-20180630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$54.79M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$160.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$130.10M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$71.45M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$267.67M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$236.09M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$220.02M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$196.31M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$77.14M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$102.98M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$612.55M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$613.87M | USD | Point-in-time |
| Other acquired intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$28.56M | USD | Point-in-time |
| Other acquired intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$31.86M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$122.45M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$121.08M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$742.16M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$686.13M | USD | Point-in-time |
| Total assets |
Assets
|
$3.54B | USD | Point-in-time |
| Total assets |
Assets
|
$3.41B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$149.55M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$157.48M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$252.31M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$263.68M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$45.30M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$45.30M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$447.16M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$466.46M | USD | Point-in-time |
| Senior notes |
CommercialPaperNoncurrent
|
$690.89M | USD | Point-in-time |
| Senior notes |
CommercialPaperNoncurrent
|
$691.19M | USD | Point-in-time |
| Other long-term debt |
LongTermDebtOtherThanLongTermCommercialPaperNoncurrent
|
$287.52M | USD | Point-in-time |
| Other long-term debt |
LongTermDebtOtherThanLongTermCommercialPaperNoncurrent
|
$381.71M | USD | Point-in-time |
| Other liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$132.26M | USD | Point-in-time |
| Other liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$121.24M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.57B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.65B | 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
|
$1.54B | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.59B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$285.96M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$277.83M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$15.44M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$15.56M | USD | Point-in-time |
| Total Viasat, Inc. stockholders equity |
StockholdersEquity
|
$1.84B | USD | Point-in-time |
| Total Viasat, Inc. stockholders equity |
StockholdersEquity
|
$1.88B | USD | Point-in-time |
| Noncontrolling interest in subsidiaries |
MinorityInterest
|
$10.84M | USD | Point-in-time |
| Noncontrolling interest in subsidiaries |
MinorityInterest
|
$9.50M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.85B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.89B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$3.54B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$3.41B | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$438.87M | USD | 1 Quarter |
| Total revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$380.04M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$89.17M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$112.64M | USD | 1 Quarter |
| Independent research and development |
ResearchAndDevelopmentExpense
|
$33.37M | USD | 1 Quarter |
| Independent research and development |
ResearchAndDevelopmentExpense
|
$45.06M | USD | 1 Quarter |
| Amortization of acquired intangible assets |
AmortizationOfAcquiredIntangibleAsset
|
$3.26M | USD | 1 Quarter |
| Amortization of acquired intangible assets |
AmortizationOfAcquiredIntangibleAsset
|
$2.45M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-54.48M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-17.95M | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$36.00K | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$93.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$56.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.32M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-65.77M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-17.91M | USD | 1 Quarter |
| Benefit from income taxes |
IncomeTaxExpenseBenefit
|
$-29.20M | USD | 1 Quarter |
| Benefit from income taxes |
IncomeTaxExpenseBenefit
|
$-9.18M | USD | 1 Quarter |
| Equity in income (loss) of unconsolidated affiliate, net |
IncomeLossFromEquityMethodInvestments
|
$1.06M | USD | 1 Quarter |
| Equity in income (loss) of unconsolidated affiliate, net |
IncomeLossFromEquityMethodInvestments
|
$-513.00K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-35.50M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-9.25M | USD | 1 Quarter |
| Less: net loss attributable to noncontrolling interests, net of tax |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-207.00K | USD | 1 Quarter |
| Less: net loss attributable to noncontrolling interests, net of tax |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-1.49M | USD | 1 Quarter |
| Net loss attributable to Viasat, Inc. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-9.04M | USD | 1 Quarter |
| Net loss attributable to Viasat, Inc. |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-34.01M | USD | 1 Quarter |
| Basic net loss per share attributable to Viasat, Inc. common stockholders |
EarningsPerShareBasic
|
$-0.57 | USD | 1 Quarter |
| Basic net loss per share attributable to Viasat, Inc. common stockholders |
EarningsPerShareBasic
|
$-0.16 | USD | 1 Quarter |
| Diluted net loss per share attributable to Viasat, Inc. common stockholders |
EarningsPerShareDiluted
|
$-0.16 | USD | 1 Quarter |
| Diluted net loss per share attributable to Viasat, Inc. common stockholders |
EarningsPerShareDiluted
|
$-0.57 | USD | 1 Quarter |
| Shares used in computing basic net loss per share |
WeightedAverageNumberOfSharesOutstandingBasic
|
57.84M | shares | 1 Quarter |
| Shares used in computing basic net loss per share |
WeightedAverageNumberOfSharesOutstandingBasic
|
59.21M | shares | 1 Quarter |
| Shares used in computing diluted net loss per share |
WeightedAverageNumberOfDilutedSharesOutstanding
|
59.21M | shares | 1 Quarter |
| Shares used in computing diluted net loss per share |
WeightedAverageNumberOfDilutedSharesOutstanding
|
57.84M | shares | 1 Quarter |
| Net loss |
ProfitLoss
|
$-35.50M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-9.25M | USD | 1 Quarter |
| Unrealized (loss) gain on hedging, net of tax |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-326.00K | USD | 1 Quarter |
| Unrealized (loss) gain on hedging, net of tax |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$92.00K | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$203.00K | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$3.52M | USD | 1 Quarter |
| Other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$3.62M | USD | 1 Quarter |
| Other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-123.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-5.63M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-35.62M | USD | 1 Quarter |
| Less: comprehensive loss attributable to noncontrolling interests, net of tax |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-207.00K | USD | 1 Quarter |
| Less: comprehensive loss attributable to noncontrolling interests, net of tax |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-1.49M | USD | 1 Quarter |
| Comprehensive loss attributable to Viasat, Inc. |
ComprehensiveIncomeNetOfTax
|
$-34.13M | USD | 1 Quarter |
| Comprehensive loss attributable to Viasat, Inc. |
ComprehensiveIncomeNetOfTax
|
$-5.42M | USD | 1 Quarter |
Cash Flow Statement
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-35.50M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-9.25M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$63.79M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$50.83M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$14.00M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$13.11M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-31.05M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-9.38M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$19.13M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$15.51M | USD | 1 Quarter |
| Loss on disposition of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-12.55M | USD | 1 Quarter |
| Loss on disposition of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-9.20M | USD | 1 Quarter |
| Other non-cash adjustments |
OtherNoncashIncomeExpense
|
$-1.91M | USD | 1 Quarter |
| Other non-cash adjustments |
OtherNoncashIncomeExpense
|
$-2.79M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-46.50M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-24.12M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$22.25M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$15.19M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$10.81M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$8.20M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-11.22M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-386.00K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$5.35M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$12.23M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$6.08M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$63.62M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$53.81M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$153.65M | USD | 1 Quarter |
| Purchase of property, equipment and satellites |
PaymentsToAcquirePropertyPlantAndEquipment
|
$109.82M | USD | 1 Quarter |
| Purchase of property, equipment and satellites |
PaymentsToAcquirePropertyPlantAndEquipment
|
$146.63M | 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
|
$12.15M | USD | 1 Quarter |
| Other investing activities |
PaymentsForProceedsFromOtherInvestingActivities
|
$2.07M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-128.07M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-160.86M | USD | 1 Quarter |
| Proceeds from issuance of common stock under equity plans |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$7.66M | 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 share-based awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.93M | USD | 1 Quarter |
| Purchase of common stock in treasury (immediately retired) related to tax withholdings for share-based awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.97M | USD | 1 Quarter |
| Other financing activities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-372.00K | USD | 1 Quarter |
| Other financing activities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-2.38M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$91.66M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$4.94M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-1.27M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-65.00K | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-16.66M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$30.46M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$54.79M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$160.56M | 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
|
$71.45M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$54.79M | 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
|
$130.10M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$71.45M | USD | Point-in-time |
| Issuance of common stock in satisfaction of certain accrued employee compensation liabilities |
StockIssued1
|
$32.13M | 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
|
$-5.50M | USD | 1 Quarter |
| Capital expenditures not paid for |
IncreaseDecreaseInCapitalExpendituresIncurredButNotPaidFor
|
$7.64M | USD | 1 Quarter |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.85B | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.89B | USD | Point-in-time |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$271.00K | USD | 1 Quarter |
| Issuance of stock under Employee Stock Purchase Plan |
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
$7.38M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$21.74M | USD | 1 Quarter |
| Shares and fully-vested RSUs issued in settlement of certain accrued employee compensation liabilities, net of shares withheld for taxes which have been retired |
StockIssuedDuringPeriodValueForEmployeeCompensation
|
$27.70M | USD | 1 Quarter |
| RSU awards vesting, net of shares withheld for taxes which have been retired |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.54M | USD | 1 Quarter |
| Other noncontrolling interest activity |
IncreaseDecreaseInOtherNoncontrollingInterestActivities
|
$-1.87M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-35.50M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-9.25M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$3.62M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-123.00K | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.85B | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.89B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.