XML 19 R3.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 1,225,415 $ 663,559 $ 2,005,206 $ 1,238,615
Operating expenses:        
Selling, general and administrative (including satellite impairment and related charges, net - see Note 1- Basis of Presentation - Property, equipment and satellites) 1,148,989 177,191 1,368,570 348,816
Independent research and development 33,429 32,416 62,433 67,181
Amortization of acquired intangible assets 81,374 7,379 109,185 14,902
Income (loss) from operations (804,667) 4,685 (846,183) (51,953)
Other income (expense):        
Interest income 32,486 6,809 51,675 6,932
Interest expense (86,157) (4,638) (142,096) (10,511)
Other income, net   87   1,098
Income (loss) from continuing operations before income taxes (858,338) 6,943 (936,604) (54,434)
(Provision for) benefit from income taxes from continuing operations 93,077 (76,646) 93,610 (53,833)
Equity in income (loss) of unconsolidated affiliate, net (502) (40) 329 (40)
Net income (loss) from continuing operations (765,763) (69,743) (842,665) (108,307)
Net income (loss) from discontinued operations, net of tax   22,187   39,712
Net income (loss) (765,763) (47,556) (842,665) (68,595)
Less: net income (loss) attributable to noncontrolling interest, net of tax 1,475 684 1,577 1,209
Net income (loss) attributable to Viasat, Inc. $ (767,238) $ (48,240) $ (844,242) $ (69,804)
Income (loss) per share attributable to Viasat, Inc. common stockholders - basic:        
Continuing operations $ (6.16) $ (0.93) $ (7.75) $ (1.45)
Discontinued operations   0.29   0.53
Income (loss) (6.16) (0.64) (7.75) (0.93)
Income (loss) per share attributable to Viasat, Inc. common stockholders - diluted        
Continuing operations (6.16) (0.93) (7.75) (1.45)
Discontinued operations   0.29   0.53
Income (loss) $ (6.16) $ (0.64) $ (7.75) $ (0.93)
Shares used in computing basic net income (loss) per share 124,529 75,758 108,903 75,313
Shares used in computing diluted net income (loss) per share 124,529 75,758 108,903 75,313
Comprehensive income (loss):        
Net income (loss) $ (765,763) $ (47,556) $ (842,665) $ (68,595)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments, net of tax (12,107) (21,995) (3,580) (42,336)
Unrealized gain (loss) on hedging, net of tax (4,839)   1,458  
Other comprehensive income (loss), net of tax (16,946) (21,995) (2,122) (42,336)
Comprehensive income (loss) (782,709) (69,551) (844,787) (110,931)
Less: comprehensive income (loss) attributable to noncontrolling interest, net of tax 1,475 684 1,577 1,209
Comprehensive income (loss) attributable to Viasat, Inc. (784,184) (70,235) (846,364) (112,140)
Product [Member]        
Revenues:        
Total revenues 401,729 260,959 638,101 433,454
Operating expenses:        
Cost of revenues 254,020 174,185 451,098 323,301
Service [Member]        
Revenues:        
Total revenues 823,686 402,600 1,367,105 805,161
Operating expenses:        
Cost of revenues $ 512,270 $ 267,703 $ 860,103 $ 536,368