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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended 24 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Cash flows from operating activities:        
Net income (loss) $ 17,101 $ 13,813 $ (66,469)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation 330,861 279,733 262,289  
Amortization of intangible assets 66,241 62,445 56,324  
Stock-based compensation expense 84,879 86,553 79,599  
Loss on disposition of fixed assets 39,442 45,622 41,957  
Other non-cash adjustments 7,773 (3,154) (25,330)  
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition:        
Accounts receivable 84,411 (44,807) (46,108)  
Inventories (42,460) (58,997) (36,593)  
Other assets 36,431 (3,313) (2,349)  
Accounts payable (24,363) 28,175 (5,714)  
Accrued liabilities 154,898 55,126 71,478  
Other liabilities (27,999) (24,260) (1,533)  
Net cash provided by operating activities 727,215 436,936 327,551  
Cash flows from investing activities:        
Purchase of property, equipment and satellites (827,241) (693,966) (636,855)  
Cash paid for patents, licenses and other assets (58,030) (67,112) (49,965)  
Proceeds from insurance claims on ViaSat-2 satellite   2,277 185,706 $ 188,000
Proceeds from sale of real property     14,034  
Payments related to acquisition of business, net of cash acquired     (2,339)  
Net cash used in investing activities (885,271) (758,801) (489,419)  
Cash flows from financing activities:        
Proceeds from debt borrowings 400,000 420,000 1,110,000  
Payments of debt borrowings (420,552) (59,691) (732,840)  
Payment of debt issuance costs (5,060) (2,479) (9,767)  
Proceeds from issuance of common stock under equity plans 19,101 38,410 26,330  
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation (13,676) (28,802) (28,826)  
Proceeds from common stock issued in private placement, net of issuance costs 174,749      
Other financing activities (4,871) (2,253) (10,280)  
Net cash provided by financing activities 149,691 365,185 354,617  
Effect of exchange rate changes on cash 5 (712) (2,494)  
Net (decrease) increase in cash and cash equivalents (8,360) 42,608 190,255  
Cash and cash equivalents at beginning of fiscal year 304,309 261,701 71,446 71,446
Cash and cash equivalents at end of fiscal year 295,949 304,309 261,701 $ 304,309
Supplemental information:        
Cash paid for interest (net of amounts capitalized) 23,526 27,805 35,119  
Cash paid for income taxes, net 6,670 10,950 1,758  
Non-cash investing and financing activities:        
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities 25,406 22,829 32,129  
Capital expenditures not paid for $ 32,616 $ 43,606 $ 40,619