XML 14 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 701,354 $ 554,278 $ 1,366,214 $ 1,084,766
Operating expenses:        
Selling, general and administrative 156,684 125,451 310,884 246,490
Independent research and development 40,530 27,531 74,993 55,167
Amortization of acquired intangible assets 7,399 1,300 13,328 2,858
Income from operations 8,298 12,683 24,590 7,369
Other income (expense):        
Interest income 71 128 134 360
Interest expense (6,093) (9,790) (12,385) (19,314)
Other income, net     4,118  
Income (loss) before income taxes 2,276 3,021 16,457 (11,585)
Benefit from income taxes 2,874 687 6,961 6,435
Equity in (loss) income of unconsolidated affiliate, net   (317) (256) 14
Net income (loss) 5,150 3,391 23,162 (5,136)
Less: net income attributable to noncontrolling interest, net of tax 1,859 1,428 2,903 5,290
Net income (loss) attributable to Viasat, Inc. $ 3,291 $ 1,963 $ 20,259 $ (10,426)
Basic net income (loss) per share attributable to Viasat, Inc. common stockholders $ 0.04 $ 0.03 $ 0.28 $ (0.16)
Diluted net income (loss) per share attributable to Viasat, Inc. common stockholders $ 0.04 $ 0.03 $ 0.27 $ (0.16)
Shares used in computing basic net income (loss) per share 73,544 66,576 72,549 64,554
Shares used in computing diluted net income (loss) per share 74,872 67,006 73,862 64,554
Comprehensive income (loss):        
Net income (loss) $ 5,150 $ 3,391 $ 23,162 $ (5,136)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments, net of tax (10,934) 4,418 (26,676) 3,615
Other comprehensive (loss) income, net of tax (10,934) 4,418 (26,676) 3,615
Comprehensive (loss) income (5,784) 7,809 (3,514) (1,521)
Less: comprehensive income attributable to noncontrolling interest, net of tax 1,859 1,428 2,903 5,290
Comprehensive (loss) income attributable to Viasat, Inc. (7,643) 6,381 (6,417) (6,811)
Product [Member]        
Revenues:        
Total revenues 308,666 255,980 601,930 506,614
Operating expenses:        
Cost of revenues 234,721 191,890 454,068 379,782
Service [Member]        
Revenues:        
Total revenues 392,688 298,298 764,284 578,152
Operating expenses:        
Cost of revenues $ 253,722 $ 195,423 $ 488,351 $ 393,100