XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Mar. 31, 2019
Cash flows from operating activities:        
Net loss $ (9,737) $ (35,497)    
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation 68,802 63,793    
Amortization of intangible assets 15,210 14,004    
Stock-based compensation expense 21,227 19,126    
Loss on disposition of fixed assets 13,134 12,549    
Other non-cash adjustments (5,367) (29,148)    
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition:        
Accounts receivable (5,472) 24,125    
Inventories (29,252) (22,245)    
Other assets (13,595) (10,812)    
Accounts payable (3,869) (386)    
Accrued liabilities (8,000) 12,226    
Other liabilities 3,383 6,079    
Net cash provided by operating activities 46,464 53,814    
Cash flows from investing activities:        
Purchase of property, equipment and satellites (166,115) (146,633)    
Cash paid for patents, licenses and other assets (21,936) (12,155)    
Proceeds from insurance claims on ViaSat-2 satellite 2,277     $ 185,700
Payment related to acquisition of business, net of cash acquired   (2,070)    
Net cash used in investing activities (185,774) (160,858)    
Cash flows from financing activities:        
Payment of debt issuance costs (2,479)      
Proceeds from issuance of common stock under equity plans 24,377 7,655    
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation (2,328) (5,969)    
Other financing activities (255) (2,376)    
Net cash provided by financing activities 7,494 91,660    
Effect of exchange rate changes on cash (2) (1,273)    
Net decrease in cash and cash equivalents (131,818) (16,657)    
Cash and cash equivalents at beginning of period 261,701 71,446 $ 54,789 71,446
Cash and cash equivalents at end of period 129,883 54,789 $ 129,883 $ 261,701
Non-cash investing and financing activities:        
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities 22,829 32,129    
Capital expenditures not paid for 10,250 7,637    
Ex-Im Credit Facility [Member]        
Cash flows from financing activities:        
Payments of credit facility borrowings $ (11,821) (22,650)    
Revolving Credit Facility [Member]        
Cash flows from financing activities:        
Proceeds from credit facility borrowings   130,000    
Payments of credit facility borrowings   $ (15,000)