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10-Q Filing

VIASAT INC CIK: 797721 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001564590-19-031290
Period End Date 20190630
Filing Date 20190809
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance vsat-10q_20190630_htm.xml
Filing Contents
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $129.88M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $261.70M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $303.62M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $300.31M USD Point-in-time
Inventories InventoryNet $234.52M USD Point-in-time
Inventories InventoryNet $263.83M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $90.65M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $106.85M USD Point-in-time
Total current assets AssetsCurrent $804.18M USD Point-in-time
Total current assets AssetsCurrent $887.17M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $327.33M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $320.23M USD Point-in-time
Other acquired intangible assets, net FiniteLivedIntangibleAssetsNet $22.30M USD Point-in-time
Other acquired intangible assets, net FiniteLivedIntangibleAssetsNet $20.35M USD Point-in-time
Goodwill Goodwill $121.61M USD Point-in-time
Goodwill Goodwill $121.72M USD Point-in-time
Other assets OtherAssetsNoncurrent $779.86M USD Point-in-time
Other assets OtherAssetsNoncurrent $758.80M USD Point-in-time
Total assets Assets $3.92B USD Point-in-time
Total assets Assets $4.26B USD Point-in-time
Accounts payable AccountsPayableCurrent $145.54M USD Point-in-time
Accounts payable AccountsPayableCurrent $157.28M USD Point-in-time
Accrued and other liabilities AccruedAndOtherLiabilitiesCurrent $308.27M USD Point-in-time
Accrued and other liabilities AccruedAndOtherLiabilitiesCurrent $324.88M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $19.65M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $19.94M USD Point-in-time
Total current liabilities LiabilitiesCurrent $490.08M USD Point-in-time
Total current liabilities LiabilitiesCurrent $485.48M USD Point-in-time
Senior notes CommercialPaperNoncurrent $1.28B USD Point-in-time
Senior notes CommercialPaperNoncurrent $1.28B USD Point-in-time
Other long-term debt LongTermDebtOtherThanLongTermCommercialPaperNoncurrent $99.21M USD Point-in-time
Other long-term debt LongTermDebtOtherThanLongTermCommercialPaperNoncurrent $110.00M USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent $297.87M USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent $305.17M USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $120.83M USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $118.09M USD Point-in-time
Total liabilities Liabilities $2.00B USD Point-in-time
Total liabilities Liabilities $2.29B USD Point-in-time
Commitments and contingencies (Note 9) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 9) 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 $1.73B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $1.66B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $245.59M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $234.12M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $3.10M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $5.34M USD Point-in-time
Total Viasat, Inc. stockholders equity StockholdersEquity $1.91B USD Point-in-time
Total Viasat, Inc. stockholders equity StockholdersEquity $1.96B USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $10.06M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $8.33M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.92B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.97B 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 $3.92B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.26B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $537.04M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $438.87M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $125.13M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $112.64M USD 1 Quarter
Independent research and development ResearchAndDevelopmentExpense $33.47M USD 1 Quarter
Independent research and development ResearchAndDevelopmentExpense $33.37M USD 1 Quarter
Amortization of acquired intangible assets AmortizationOfAcquiredIntangibleAsset $2.45M USD 1 Quarter
Amortization of acquired intangible assets AmortizationOfAcquiredIntangibleAsset $2.04M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-8.06M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-54.48M USD 1 Quarter
Interest income InterestAndOtherIncome $36.00K USD 1 Quarter
Interest income InterestAndOtherIncome $925.00K USD 1 Quarter
Interest expense InterestExpense $11.17M 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 $-18.31M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-7.21M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-29.20M USD 1 Quarter
Equity in income of unconsolidated affiliate, net IncomeLossFromEquityMethodInvestments $1.37M USD 1 Quarter
Equity in income of unconsolidated affiliate, net IncomeLossFromEquityMethodInvestments $1.06M USD 1 Quarter
Net loss ProfitLoss $-9.74M USD 1 Quarter
Net loss ProfitLoss $-35.50M USD 1 Quarter
Less: net income (loss) attributable to noncontrolling interests, net of tax NetIncomeLossAttributableToNoncontrollingInterest $1.73M USD 1 Quarter
Less: net income (loss) attributable to noncontrolling interests, net of tax NetIncomeLossAttributableToNoncontrollingInterest $-1.49M USD 1 Quarter
Net loss attributable to Viasat, Inc. NetIncomeLossAvailableToCommonStockholdersBasic $-34.01M USD 1 Quarter
Net loss attributable to Viasat, Inc. NetIncomeLossAvailableToCommonStockholdersBasic $-11.47M USD 1 Quarter
Basic net loss per share attributable to Viasat, Inc. common stockholders EarningsPerShareBasic $-0.19 USD 1 Quarter
Basic net loss per share attributable to Viasat, Inc. common stockholders EarningsPerShareBasic $-0.57 USD 1 Quarter
Diluted net loss per share attributable to Viasat, Inc. common stockholders EarningsPerShareDiluted $-0.57 USD 1 Quarter
Diluted net loss per share attributable to Viasat, Inc. common stockholders EarningsPerShareDiluted $-0.19 USD 1 Quarter
Shares used in computing basic net loss per share WeightedAverageNumberOfSharesOutstandingBasic 60.92M 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 60.92M shares 1 Quarter
Shares used in computing diluted net loss per share WeightedAverageNumberOfDilutedSharesOutstanding 59.21M shares 1 Quarter
Net loss ProfitLoss $-9.74M USD 1 Quarter
Net loss ProfitLoss $-35.50M USD 1 Quarter
Unrealized gain (loss) on hedging, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $45.00K USD 1 Quarter
Unrealized gain (loss) on hedging, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-326.00K USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.28M USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $203.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-123.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-2.24M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-11.98M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-35.62M USD 1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interests, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.73M USD 1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interests, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.49M USD 1 Quarter
Comprehensive loss attributable to Viasat, Inc. ComprehensiveIncomeNetOfTax $-13.71M USD 1 Quarter
Comprehensive loss attributable to Viasat, Inc. ComprehensiveIncomeNetOfTax $-34.13M USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-9.74M USD 1 Quarter
Net loss ProfitLoss $-35.50M USD 1 Quarter
Depreciation Depreciation $68.80M USD 1 Quarter
Depreciation Depreciation $63.79M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $15.21M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $14.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $19.13M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $21.23M USD 1 Quarter
Loss on disposition of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-12.55M USD 1 Quarter
Loss on disposition of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-13.13M USD 1 Quarter
Other non-cash adjustments OtherNoncashIncomeExpense $29.15M USD 1 Quarter
Other non-cash adjustments OtherNoncashIncomeExpense $5.37M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $5.47M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-24.12M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $29.25M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $22.25M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $13.60M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $10.81M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-386.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-3.87M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-8.00M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $12.23M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $6.08M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $3.38M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $46.46M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $53.81M USD 1 Quarter
Purchase of property, equipment and satellites PaymentsToAcquirePropertyPlantAndEquipment $146.63M USD 1 Quarter
Purchase of property, equipment and satellites PaymentsToAcquirePropertyPlantAndEquipment $166.12M USD 1 Quarter
Cash paid for patents, licenses and other assets PaymentsToAcquireIntangibleAssets $21.94M USD 1 Quarter
Cash paid for patents, licenses and other assets PaymentsToAcquireIntangibleAssets $12.15M USD 1 Quarter
Proceeds from insurance claims on ViaSat-2 satellite ProceedsFromInsuranceSettlementInvestingActivities $2.28M USD 1 Quarter
Proceeds from insurance claims on ViaSat-2 satellite ProceedsFromInsuranceSettlementInvestingActivities $185.70M USD Annual
Payment related to acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $2.07M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-160.86M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-185.77M USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $2.48M 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 $24.38M USD 1 Quarter
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.97M USD 1 Quarter
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.33M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-2.38M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-255.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $7.49M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $91.66M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.27M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-16.66M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-131.82M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $129.88M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $71.45M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $261.70M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $54.79M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $129.88M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $71.45M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $261.70M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $54.79M 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 $22.83M USD 1 Quarter
Capital expenditures not paid for CapitalExpendituresIncurredButNotYetPaid $10.25M USD 1 Quarter
Capital expenditures not paid for CapitalExpendituresIncurredButNotYetPaid $7.64M USD 1 Quarter
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.92B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.97B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.85B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.89B USD Point-in-time
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $16.07M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $271.00K USD 1 Quarter
Issuance of stock under Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $7.38M USD 1 Quarter
Issuance of stock under Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $8.31M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $24.31M 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 $22.83M 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
RSU awards vesting, net of shares withheld for taxes which have been retired AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.33M USD 1 Quarter
Other noncontrolling interest activity IncreaseDecreaseInOtherNoncontrollingInterestActivities $-1.87M USD 1 Quarter
Net (loss) income ProfitLoss $-9.74M USD 1 Quarter
Net (loss) income ProfitLoss $-35.50M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-123.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-2.24M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.92B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.97B USD Point-in-time
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.

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