VIASAT INC

For the period ended Dec 31, 2023. Filed Feb 9, 2024.

About this filing

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

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

	Three Months Ended		Nine Months Ended
	December 31, 2023	December 31, 2022	December 31, 2023	December 31, 2022
(In thousands, except per share data)
Revenues:
Product revenues	$303,073	$249,315	$941,174	$682,769
Service revenues	825,466	402,129	2,192,571	1,207,290
Total revenues	1,128,539	651,444	3,133,745	1,890,059
Operating expenses:
Cost of product revenues	252,519	205,177	703,617	528,478
Cost of service revenues	514,757	277,856	1,374,860	814,224
Selling, general and administrative (including satellite impairment and related charges, net – see Note 1 – Basis of Presentation – Property, equipment and satellites)	271,734	162,845	1,640,304	511,661
Independent research and development	41,728	29,444	104,161	96,625
Amortization of acquired intangible assets	91,719	7,433	200,904	22,335
Income (loss) from operations	(43,918)	(31,311)	(890,101)	(83,264)
Other income (expense):
Interest income	20,921	525	72,596	7,457
Interest expense	(133,537)	(8,747)	(275,633)	(19,258)
Other income, net	—	—	—	1,098
Income (loss) from continuing operations before income taxes	(156,534)	(39,533)	(1,093,138)	(93,967)
(Provision for) benefit from income taxes from continuing operations	34,496	(5,212)	128,106	(59,045)
Equity in income (loss) of unconsolidated affiliate, net	2,689	(13)	3,018	(53)
Net income (loss) from continuing operations	(119,349)	(44,758)	(962,014)	(153,065)
Net income (loss) from discontinued operations, net of tax	—	4,333	—	44,045
Net income (loss)	(119,349)	(40,425)	(962,014)	(109,020)
Less: net income (loss) attributable to noncontrolling interest, net of tax	5,050	1,803	6,627	3,012
Net income (loss) attributable to Viasat, Inc.	$(124,399)	$(42,228)	$(968,641)	$(112,032)
Income (loss) per share attributable to Viasat, Inc. common stockholders - basic:
Continuing operations	$(0.99)	$(0.61)	$(8.47)	$(2.06)
Discontinued operations	—	0.06	—	0.58
Income (loss)	$(0.99)	$(0.55)	$(8.47)	$(1.48)
Income (loss) per share attributable to Viasat, Inc. common stockholders - diluted:
Continuing operations	$(0.99)	$(0.61)	$(8.47)	$(2.06)
Discontinued operations	—	0.06	—	0.58
Income (loss)	$(0.99)	$(0.55)	$(8.47)	$(1.48)
Shares used in computing basic net income (loss) per share	125,097	76,138	114,317	75,586
Shares used in computing diluted net income (loss) per share	125,097	76,138	114,317	75,586
Comprehensive income (loss):
Net income (loss)	$(119,349)	$(40,425)	$(962,014)	$(109,020)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax	17,143	24,850	13,563	(17,486)
Unrealized gain (loss) on hedging, net of tax	4,548	—	6,006	—
Other comprehensive income (loss), net of tax	21,691	24,850	19,569	(17,486)
Comprehensive income (loss)	(97,658)	(15,575)	(942,445)	(126,506)
Less: comprehensive income (loss) attributable to noncontrolling interest, net of tax	5,050	1,803	6,627	3,012
Comprehensive income (loss) attributable to Viasat, Inc.	$(102,708)	$(17,378)	$(949,072)	$(129,518)

ContentsView on SEC.gov

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