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Basis of Presentation (Tables)
6 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Summary of Disaggregation of Revenue by Segment and Product and Services

The following sets forth disaggregated reported revenue by segment and product and services for the three and six months ended September 30, 2023 and 2022:

 

 

 

 

Three Months Ended September 30, 2023

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

251,111

 

 

$

150,618

 

 

$

401,729

 

Service revenues

 

 

585,334

 

 

 

24,087

 

 

 

214,265

 

 

 

823,686

 

Total revenues

 

$

585,334

 

 

$

275,198

 

 

$

364,883

 

 

$

1,225,415

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2023

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

378,992

 

 

$

259,109

 

 

$

638,101

 

Service revenues

 

 

983,818

 

 

 

44,801

 

 

 

338,486

 

 

 

1,367,105

 

Total revenues

 

$

983,818

 

 

$

423,793

 

 

$

597,595

 

 

$

2,005,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

159,831

 

 

$

101,128

 

 

$

260,959

 

Service revenues

 

 

300,547

 

 

 

20,196

 

 

 

81,857

 

 

 

402,600

 

Total revenues

 

$

300,547

 

 

$

180,027

 

 

$

182,985

 

 

$

663,559

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

253,406

 

 

$

180,048

 

 

$

433,454

 

Service revenues

 

 

612,647

 

 

 

39,405

 

 

 

153,109

 

 

 

805,161

 

Total revenues

 

$

612,647

 

 

$

292,811

 

 

$

333,157

 

 

$

1,238,615

 

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of September 30, 2023 and March 31, 2023:

 

 

 

As of
 September 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

164,643

 

 

$

104,889

 

Collections in excess of revenues and deferred revenues

 

 

271,321

 

 

 

132,187

 

Deferred revenues, long-term portion

 

 

920,470

 

 

 

84,747

 

Summary of Restrictions on Cash and Cash Equivalents the following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that total to the amounts shown in the condensed consolidated statements of cash flows.

 

 

 

As of
September 30, 2023

 

 

As of
March 31, 2023

 

 

 

(In thousands)

 

Cash and cash equivalents

 

$

1,961,583

 

 

$

1,348,854

 

Restricted cash

 

 

7,184

 

 

 

30,532

 

Total cash and cash equivalents and restricted cash
shown in the condensed consolidated statements of cash flows

 

$

1,968,767

 

 

$

1,379,386

 

Summary of Minority Interest

The following table summarizes the effect of the change in the Company's percentage ownership interest in TrellisWare on the Company's equity for the three and six months ended September 30, 2023 and 2022:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2023

 

 

September 30, 2022

 

 

September 30, 2023

 

 

September 30, 2022

 

 

 

(In thousands)

 

Net income (loss) attributable to Viasat, Inc.

 

$

(767,238

)

 

$

(48,240

)

 

$

(844,242

)

 

$

(69,804

)

Transfers to noncontrolling interest

 

 

 

 

 

(11,783

)

 

 

 

 

 

(11,783

)

Change from net income (loss) attributable to Viasat, Inc. and transfers from (to) noncontrolling interest

 

$

(767,238

)

 

$

(60,023

)

 

$

(844,242

)

 

$

(81,587

)