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Basis of Presentation (Tables)
9 Months Ended
Dec. 31, 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 nine months ended December 31, 2023 and 2022:

 

 

 

 

Three Months Ended December 31, 2023

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

144,525

 

 

$

158,548

 

 

$

303,073

 

Service revenues

 

 

581,429

 

 

 

21,835

 

 

 

222,202

 

 

 

825,466

 

Total revenues

 

$

581,429

 

 

$

166,360

 

 

$

380,750

 

 

$

1,128,539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2023

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

523,517

 

 

$

417,657

 

 

$

941,174

 

Service revenues

 

 

1,565,247

 

 

 

66,636

 

 

 

560,688

 

 

 

2,192,571

 

Total revenues

 

$

1,565,247

 

 

$

590,153

 

 

$

978,345

 

 

$

3,133,745

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

147,163

 

 

$

102,152

 

 

$

249,315

 

Service revenues

 

 

302,412

 

 

 

20,060

 

 

 

79,657

 

 

 

402,129

 

Total revenues

 

$

302,412

 

 

$

167,223

 

 

$

181,809

 

 

$

651,444

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

400,569

 

 

$

282,200

 

 

$

682,769

 

Service revenues

 

 

915,059

 

 

 

59,465

 

 

 

232,766

 

 

 

1,207,290

 

Total revenues

 

$

915,059

 

 

$

460,034

 

 

$

514,966

 

 

$

1,890,059

 

Summary of Contract Assets and Liabilities

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

 

 

 

As of
 December 31, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

148,064

 

 

$

104,889

 

Collections in excess of revenues and deferred revenues

 

 

266,147

 

 

 

132,187

 

Deferred revenues, long-term portion

 

 

905,373

 

 

 

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
 December 31, 2023

 

 

As of
March 31, 2023

 

 

 

(In thousands)

 

Cash and cash equivalents

 

$

1,621,228

 

 

$

1,348,854

 

Restricted cash

 

 

 

 

 

30,532

 

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

 

$

1,621,228

 

 

$

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 nine months ended December 31, 2023 and 2022:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(In thousands)

 

Net income (loss) attributable to Viasat, Inc.

 

$

(124,399

)

 

$

(42,228

)

 

$

(968,641

)

 

$

(112,032

)

Transfers to noncontrolling interest

 

 

 

 

 

 

 

 

 

 

 

(11,783

)

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

 

$

(124,399

)

 

$

(42,228

)

 

$

(968,641

)

 

$

(123,815

)