VIASAT INC
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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 Operations and Comprehensive Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| (In thousands, except per share data) | ||||
| Revenues: | ||||
| Product revenues | $323,948 | $401,729 | $629,687 | $638,101 |
| Service revenues | 798,314 | 823,686 | 1,619,035 | 1,367,105 |
| Total revenues | 1,122,262 | 1,225,415 | 2,248,722 | 2,005,206 |
| Operating expenses: | ||||
| Cost of product revenues | 243,485 | 254,020 | 437,643 | 451,098 |
| Cost of service revenues | 531,593 | 512,270 | 1,048,260 | 860,103 |
| Selling, general and administrative (including satellite impairment and related charges, net — see Note 1 — Basis of Presentation — Property, equipment and satellites) | 272,448 | 1,148,989 | 523,570 | 1,368,570 |
| Independent research and development | 33,390 | 33,429 | 71,953 | 62,433 |
| Amortization of acquired intangible assets | 66,024 | 81,374 | 132,239 | 109,185 |
| Income (loss) from operations | (24,678) | (804,667) | 35,057 | (846,183) |
| Other income (expense): | ||||
| Interest income | 23,896 | 32,486 | 46,688 | 51,675 |
| Interest expense | (115,340) | (86,157) | (221,116) | (142,096) |
| (Loss) gain on extinguishment of debt, net | (3,200) | — | (3,200) | — |
| Income (loss) before income taxes | (119,322) | (858,338) | (142,571) | (936,604) |
| (Provision for) benefit from income taxes | (5,915) | 93,077 | (7,099) | 93,610 |
| Equity in income (loss) of unconsolidated affiliate, net | 3,441 | (502) | 6,187 | 329 |
| Net income (loss) | (121,796) | (765,763) | (143,483) | (842,665) |
| Less: net income (loss) attributable to noncontrolling interest, net of tax | 15,788 | 1,475 | 27,013 | 1,577 |
| Net income (loss) attributable to Viasat, Inc. | $(137,584) | $(767,238) | $(170,496) | $(844,242) |
| Basic net income (loss) per share attributable to Viasat, Inc. common stockholders: | $(1.07) | $(6.16) | $(1.34) | $(7.75) |
| Diluted net income (loss) per share attributable to Viasat, Inc. common stockholders: | $(1.07) | $(6.16) | $(1.34) | $(7.75) |
| Shares used in computing basic net income (loss) per share | 128,376 | 124,529 | 127,490 | 108,903 |
| Shares used in computing diluted net income (loss) per share | 128,376 | 124,529 | 127,490 | 108,903 |
| Comprehensive income (loss): | ||||
| Net income (loss) | $(121,796) | $(765,763) | $(143,483) | $(842,665) |
| Other comprehensive income (loss), net of tax: | ||||
| Foreign currency translation adjustments, net of tax | 15,079 | (12,107) | 5,184 | (3,580) |
| Unrealized gain (loss) on hedging, net of tax | (4,914) | (4,839) | (6,002) | 1,458 |
| Other comprehensive income (loss), net of tax | 10,165 | (16,946) | (818) | (2,122) |
| Comprehensive income (loss) | (111,631) | (782,709) | (144,301) | (844,787) |
| Less: comprehensive income (loss) attributable to noncontrolling interest, net of tax | 15,788 | 1,475 | 27,013 | 1,577 |
| Comprehensive income (loss) attributable to Viasat, Inc. | $(127,419) | $(784,184) | $(171,314) | $(846,364) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.