ViaSat, Inc. (VSAT) Financial Statements (2024 and earlier)

Company Profile

Business Address 6155 EL CAMINO REAL
CARLSBAD, CA 92009
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,349182310296304262
Cash and cash equivalents1,349182310296304262
Restricted cash and investments31     
Receivables420369359239331300
Inventory, net of allowances, customer advances and progress billings269261342337294235
Inventory269261342337294235
Prepaid expense11698108948572
Disposal group, including discontinued operation  283    
Other current assets615940263118
Total current assets:2,2451,2521,1599911,046887
Noncurrent Assets
Operating lease, right-of-use asset282310356340308
Property, plant and equipment4,3784,1983,7423,0502,587 
Intangible assets, net (including goodwill)360373426132136144
Goodwill159166190122121122
Intangible assets, net (excluding goodwill)201207236101422
Other noncurrent assets466668706835807759
Other undisclosed noncurrent assets      2,125
Total noncurrent assets:5,4865,5505,2304,3583,8383,028
TOTAL ASSETS:7,7306,8026,3895,3494,8843,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities691537483353361466
Employee-related liabilities1148773 
Accounts payable272300219145184157
Accrued liabilities419237150121104308
Deferred revenue132116149217123
Debt384135303020
Disposal group, including discontinued operation  64    
Other undisclosed current liabilities969310410891 
Total current liabilities:957851770708605485
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4222,8992,4511,8031,8221,393
Long-term debt, excluding current maturities1,6891,6881,6861,6831,2851,393
Other undisclosed long-term debt and lease obligation7321,211437(194)250 
Liabilities, other than long-term debt, including:492429159137121121
Accounts payable and accrued liabilities   2 52
Deferred revenue     81
Contract with customer, liability71
Deferred rent credit      17
Other liabilities219148157137106
Operating lease, liability273281328314287
Other undisclosed liabilities, other than long-term debt     2425
Other undisclosed noncurrent liabilities   326314287 
Total noncurrent liabilities:2,9133,3292,9362,2542,2291,514
Total liabilities:3,8704,1803,7072,9622,8341,999
Equity
Equity, attributable to parent3,8242,5892,6342,3512,0281,908
Common stock000000
Additional paid in capital2,5412,5062,4222,0931,7881,657
Accumulated other comprehensive income (loss)(35)(39)(22)10(6)5
Retained earnings1,318121234249245246
Equity, attributable to noncontrolling interest36334936228
Total equity:3,8612,6222,6832,3872,0501,916
TOTAL LIABILITIES AND EQUITY:7,7306,8026,3895,3494,8843,915

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues2,5562,5132,7882,2562,3092,068
Gross profit:2,5562,5132,7882,2562,3092,068
Operating expenses(848)(965)(810)(628)(654)(582)
Other undisclosed operating loss(1,865)(1,626)(1,969)(1,570)(1,617)(1,547)
Operating income (loss):(156)(78)85838(61)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
114   
Interest and debt expense(27)(21)(29)(33)(39)(50)
Other undisclosed income from continuing operations before equity method investments, income taxes204    
Income (loss) from continuing operations before equity method investments, income taxes:(162)(94)(17)26(0)(111)
Income (loss) from equity method investments(0)     
Other undisclosed income from continuing operations before income taxes071020
Income (loss) from continuing operations before income taxes:(162)(87)(16)261(110)
Income tax expense (benefit)(49)(56)14(9)841
Other undisclosed loss from continuing operations(0)(0)    
Income (loss) from continuing operations:(212)(143)(2)179(69)
Income (loss) before gain (loss) on sale of properties:(73)(2)179(69)
Income from discontinued operations1,30229    
Other undisclosed net income (loss) (1)(0)143
Net income (loss):1,091(114)(2)1714(66)
Net loss attributable to noncontrolling interest(6)(10)(13)(13)(14)(1)
Net income (loss) available to common stockholders, diluted:1,085(124)(16)4(0)(68)

Comprehensive Income ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):1,091(114)(2)1714(66)
Other comprehensive income (loss)(13)(62)(31)16(11)(10)
Comprehensive income (loss):1,078(176)(34)332(77)
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(10)(13)(13)(14)(1)
Comprehensive income (loss), net of tax, attributable to parent:1,072(185)(47)20(12)(78)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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