VIASAT INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 9, 2024
VSAT$74.86+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| Cash Flows from Continuing and Discontinued Operations · (In thousands) | ||
| Cash flows from operating activities: | ||
| Net income (loss) | $(962,014) | $(109,020) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation | 598,052 | 307,632 |
| Amortization of intangible assets | 246,918 | 65,848 |
| Stock-based compensation expense | 65,669 | 64,941 |
| Satellite impairment and disposition of fixed assets losses, net | 858,010 | 36,337 |
| Deferred income taxes and other non-cash adjustments | (111,293) | 81,847 |
| Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition: | ||
| Accounts receivable | (60,618) | (76,208) |
| Inventories | (53,929) | (64,474) |
| Other assets | 58,090 | 8,680 |
| Accounts payable | 4,172 | 55,421 |
| Accrued liabilities | (80,895) | (19,374) |
| Other liabilities | (105,952) | (34,018) |
| Net cash provided by (used in) operating activities | 456,210 | 317,612 |
| Cash flows from investing activities: | ||
| Purchase of property, equipment and satellites, and other assets | (1,161,490) | (850,747) |
| Payment related to acquisition of a business, net of cash acquired | (342,621) | — |
| Proceeds from sale of short-term investments | 134,266 | — |
| Payments to acquire short-term investments | (82,000) | — |
| Net cash provided by (used in) investing activities | (1,451,845) | (850,747) |
| Cash flows from financing activities: | ||
| Proceeds from debt borrowings | 1,334,683 | 540,000 |
| Payments on debt borrowings | (48,457) | (93,853) |
| Payments of debt issuance costs | (50,390) | (1,511) |
| Proceeds from issuance of common stock under equity plans | 10,130 | 9,626 |
| Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation | (11,220) | (15,921) |
| Repurchase of shares by majority-owned subsidiary | — | (30,000) |
| Other financing activities | 1,339 | (2,374) |
| Net cash provided by (used in) financing activities | 1,236,085 | 405,967 |
| Effect of exchange rate changes on cash | 1,392 | (1,161) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 241,842 | (128,329) |
| Cash and cash equivalents and restricted cash at beginning of period | 1,379,386 | 310,459 |
| Cash and cash equivalents at end of period | $1,621,228 | $182,130 |
| Non-cash investing and financing activities: | ||
| Issuance of common stock in connection with acquisition | $2,123,455 | $— |
| Issuance of common stock in satisfaction of certain accrued compensation liabilities | $31,173 | $27,619 |
| Right-of-use assets obtained in exchange for operating lease liabilities | $15,727 | $6,923 |
| Capital expenditures not paid for during the period | $— | $78,642 |
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