$VSAT
VIASAT INC

2022 Q1 Form 10-Q Financial Statement

#000095017022000798 Filed on February 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2020 Q4
Revenue $701.7M $719.7M $575.6M
YoY Change 17.78% 25.05% -2.15%
Cost Of Revenue $497.6M $500.1M $391.3M
YoY Change 24.36% 27.81% -3.19%
Gross Profit $204.1M $219.6M $184.3M
YoY Change 4.3% 19.15% 0.16%
Gross Profit Margin 29.09% 30.51% 32.02%
Selling, General & Admin $176.1M $170.2M $132.4M
YoY Change 32.04% 28.57% -2.65%
% of Gross Profit 86.29% 77.52% 71.84%
Research & Development $40.89M $37.32M $28.80M
YoY Change 28.6% 29.56% -10.55%
% of Gross Profit 20.03% 16.99% 15.63%
Depreciation & Amortization $126.0M $127.6M $102.5M
YoY Change 19.96% 24.52% 15.3%
% of Gross Profit 61.71% 58.12% 55.62%
Operating Expenses $224.9M $207.5M $161.2M
YoY Change 35.0% 28.75% -5.23%
Operating Profit -$20.79M $4.527M $21.76M
YoY Change -171.43% -79.2% 55.77%
Interest Expense -$11.61M $5.411M $7.880M
YoY Change 111.11% -31.33% -15.05%
% of Operating Profit 119.53% 36.21%
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$32.40M -$498.0K $13.99M
YoY Change -237.28% -103.56% 187.23%
Income Tax -$10.77M $3.500M $7.000M
% Of Pretax Income 50.02%
Net Earnings -$29.18M -$3.990M $7.760M
YoY Change -494.32% -151.42% -26.72%
Net Earnings / Revenue -4.16% -0.55% 1.35%
Basic Earnings Per Share -$0.09 $0.10
Diluted Earnings Per Share -$391.3K -$0.09 $0.10
COMMON SHARES
Basic Shares Outstanding 74.39M 73.92M 68.00M
Diluted Shares Outstanding 73.92M 68.67M

Balance Sheet

Concept 2022 Q1 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $310.5M $166.0M $317.3M
YoY Change 4.92% -47.67% 563.81%
Cash & Equivalents $310.5M $166.0M $317.3M
Short-Term Investments
Other Short-Term Assets $39.97M $42.01M $30.09M
YoY Change 56.4% 39.59% 63.31%
Inventory $341.9M $354.0M $334.9M
Prepaid Expenses $107.9M $102.8M $82.46M
Receivables $359.3M $363.0M $202.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.159B $1.028B $967.6M
YoY Change 16.97% 6.23% 28.98%
LONG-TERM ASSETS
Property, Plant & Equipment $3.742B $3.603B $2.974B
YoY Change 22.67% 21.17% 18.33%
Goodwill $190.1M $190.9M
YoY Change 55.45%
Intangibles
YoY Change
Long-Term Investments $840.0K $0.00 $168.8M
YoY Change -99.53% -100.0% 6.59%
Other Assets $705.6M $682.5M $842.8M
YoY Change -15.54% -19.02% 5.36%
Total Long-Term Assets $5.230B $5.059B $4.281B
YoY Change 20.0% 18.17% 13.75%
TOTAL ASSETS
Total Short-Term Assets $1.159B $1.028B $967.6M
Total Long-Term Assets $5.230B $5.059B $4.281B
Total Assets $6.389B $6.087B $5.249B
YoY Change 19.44% 15.97% 16.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $219.1M $251.3M $122.3M
YoY Change 50.96% 105.51% -19.74%
Accrued Expenses $217.4M $182.2M $164.6M
YoY Change 11.12% 10.69% 11.74%
Deferred Revenue $148.9M $180.9M $206.8M
YoY Change -31.25% -12.55% 71.95%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $34.91M $29.59M $33.70M
YoY Change 14.57% -12.2% 11.96%
Total Short-Term Liabilities $770.4M $786.6M $641.6M
YoY Change 8.75% 22.6% 19.17%
LONG-TERM LIABILITIES
Long-Term Debt $2.451B $2.149B $1.804B
YoY Change 35.97% 19.17% 16.92%
Other Long-Term Liabilities $157.5M $157.1M $152.0M
YoY Change 14.63% 3.33% 2508.34%
Total Long-Term Liabilities $157.5M $157.1M $152.0M
YoY Change 14.63% 3.33% 2508.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $770.4M $786.6M $641.6M
Total Long-Term Liabilities $157.5M $157.1M $152.0M
Total Liabilities $3.707B $3.411B $2.930B
YoY Change 25.13% 16.42% 17.75%
SHAREHOLDERS EQUITY
Retained Earnings $233.5M $262.7M
YoY Change -6.24%
Common Stock $2.422B $2.398B
YoY Change 15.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.634B $2.634B $2.319B
YoY Change
Total Liabilities & Shareholders Equity $6.389B $6.087B $5.249B
YoY Change 19.44% 15.97% 16.28%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income -$29.18M -$3.990M $7.760M
YoY Change -494.32% -151.42% -26.72%
Depreciation, Depletion And Amortization $126.0M $127.6M $102.5M
YoY Change 19.96% 24.52% 15.3%
Cash From Operating Activities $119.3M $158.6M $223.9M
YoY Change -29.76% -29.17% 103.36%
INVESTING ACTIVITIES
Capital Expenditures -$278.1M -$237.3M -$242.9M
YoY Change 52.36% -2.32% 4.34%
Acquisitions
YoY Change
Other Investing Activities -$865.0K $0.00 $0.00
YoY Change
Cash From Investing Activities -$278.9M -$237.3M -$242.9M
YoY Change 52.84% -2.32% 4.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 305.4M 27.93M -15.00M
YoY Change -4341.25% -286.21% -118.01%
NET CHANGE
Cash From Operating Activities 119.3M 158.6M 223.9M
Cash From Investing Activities -278.9M -237.3M -242.9M
Cash From Financing Activities 305.4M 27.93M -15.00M
Net Change In Cash 145.7M -50.76M -34.00M
YoY Change -832.19% 49.29% -13.92%
FREE CASH FLOW
Cash From Operating Activities $119.3M $158.6M $223.9M
Capital Expenditures -$278.1M -$237.3M -$242.9M
Free Cash Flow $397.3M $395.8M $466.8M
YoY Change 12.78% -15.2% 36.13%

Facts In Submission

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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2020Q4 us-gaap Profit Loss
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CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Stock Options Exercised
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Stock Issued During Period Value Employee Benefit Plan
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Stock Issued During Period Value Acquisitions
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vsat Increase Decrease In Other Noncontrolling Interest Activities
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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75655000
us-gaap Stock Issued During Period Value Employee Benefit Plan
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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us-gaap Use Of Estimates
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<p style="text-indent:4.533%;font-size:10.0pt;margin-top:9.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best available information and actual results could differ from those estimates. Significant estimates made by management include revenue recognition, stock-based compensation, allowance for doubtful accounts, valuation of goodwill and other intangible assets, patents, orbital slots and other licenses, software development, property, equipment and satellites, long-lived assets, contingencies and income taxes including the valuation allowance on deferred tax assets.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> </span></p>
us-gaap Revenue Practical Expedient Financing Component
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2100000000
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation
Company expects to recognize a little over half over the next 12 months, with the balance recognized thereafter
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
102110000
CY2021Q1 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
169700000
CY2020Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2021Q4 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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CY2021Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
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CY2021Q1 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
53800000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Contract With Customer Liability
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CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
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CY2020Q4 us-gaap Interest Costs Capitalized
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us-gaap Interest Costs Capitalized
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us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
some of which include renewal options, and some of which include options to terminate the leases within one year.
us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
CY2021Q1 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
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CY2021Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
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CY2021Q4 vsat Finite Lived Patents And Other Licenses Accumulated Amortization
FiniteLivedPatentsAndOtherLicensesAccumulatedAmortization
5000000.0
CY2021Q1 vsat Finite Lived Patents And Other Licenses Accumulated Amortization
FiniteLivedPatentsAndOtherLicensesAccumulatedAmortization
4400000
vsat Debt Issuances Costs Capitalized
DebtIssuancesCostsCapitalized
0
vsat Debt Issuances Costs Capitalized
DebtIssuancesCostsCapitalized
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CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
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CY2021Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
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CY2021Q4 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
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us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
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CY2020Q4 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
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us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
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CY2021Q4 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
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us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
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CY2020Q4 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
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us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
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CY2021Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
6900000
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
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us-gaap Guarantees Indemnifications And Warranties Policies
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:14.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Arial;font-style:italic;">Indemnification provisions</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Arial;font-style:italic;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:4.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">In the ordinary course of business, the Company includes indemnification provisions in certain of its contracts, generally relating to parties with which the Company has commercial relations. Pursuant to these agreements, the Company will indemnify, hold harmless and agree to reimburse the indemnified party for losses suffered or incurred by the indemnified party, including but not limited to losses relating to third-party intellectual property claims. To date, there have not been any material costs incurred in connection with such indemnification clauses. The Company’s insurance policies do not necessarily cover the cost of defending indemnification claims or providing indemnification, so if a claim was filed against the Company by any party that the Company has agreed to indemnify, the Company could incur substantial legal costs and damages. A claim would be accrued when a loss is considered probable and the amount can be reasonably estimated. At December 31, 2021 and March 31, 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">, </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">no</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> such amounts were accrued related to the aforementioned provisions.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> </span></p>
CY2021Q4 us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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CY2020Q4 us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q4 us-gaap Inventory Net
InventoryNet
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CY2021Q1 us-gaap Inventory Net
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CY2021Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
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CY2021Q4 us-gaap Deferred Income Tax Assets Net
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CY2021Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
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CY2021Q4 us-gaap Capitalized Computer Software Net
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CY2021Q1 us-gaap Capitalized Computer Software Net
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CY2021Q4 vsat Finite Lived Patents And Other Licenses Net
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CY2021Q1 vsat Finite Lived Patents And Other Licenses Net
FiniteLivedPatentsAndOtherLicensesNet
52889000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
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CY2021Q1 us-gaap Other Assets Miscellaneous Noncurrent
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CY2021Q4 us-gaap Other Assets Noncurrent
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CY2021Q1 us-gaap Other Assets Noncurrent
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CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Employee Related Liabilities Current
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CY2021Q4 us-gaap Accrued Vacation Current
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CY2021Q1 us-gaap Accrued Vacation Current
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CY2021Q4 vsat Accrued And Other Liabilities Current
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CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q4 us-gaap Product Warranty Accrual Noncurrent
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CY2021Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
5193000
CY2021Q4 vsat Satellite Performance Incentives Obligation Noncurrent
SatellitePerformanceIncentivesObligationNoncurrent
19568000
CY2021Q1 vsat Satellite Performance Incentives Obligation Noncurrent
SatellitePerformanceIncentivesObligationNoncurrent
22191000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
15160000
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
27594000
CY2021Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
25312000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
157104000
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
137350000
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73917000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67995000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73004000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65704000
CY2020Q4 vsat Incremental Common Shares Attributable To Restricted Stock Units To Acquire Common Stock
IncrementalCommonSharesAttributableToRestrictedStockUnitsToAcquireCommonStock
108000
vsat Incremental Common Shares Attributable To Restricted Stock Units To Acquire Common Stock
IncrementalCommonSharesAttributableToRestrictedStockUnitsToAcquireCommonStock
869000
CY2020Q4 vsat Incremental Common Shares Attributable To Potentially Issuable Per Employee Profit Sharing Plan And To Stock Issued Per Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToPotentiallyIssuablePerEmployeeProfitSharingPlanAndToStockIssuedPerEmployeeStockPurchasePlan
565000
vsat Incremental Common Shares Attributable To Potentially Issuable Per Employee Profit Sharing Plan And To Stock Issued Per Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToPotentiallyIssuablePerEmployeeProfitSharingPlanAndToStockIssuedPerEmployeeStockPurchasePlan
433000
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73917000
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68668000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74348000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65704000
CY2021Q4 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
7500000
CY2020Q4 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
1300000
vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
20900000
vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
4200000
vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
20859000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7532000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
30128000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
28678000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
26540000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
26388000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
118584000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
237850000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
48227000
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
56336000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
2196836000
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1854597000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
17854000
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
21441000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
29590000
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
30472000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2149392000
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1802684000
vsat Products Warranty Period Maximum
ProductsWarrantyPeriodMaximum
P5Y
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3500000
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11886000
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11643000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4064000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4120000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5242000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3882000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10708000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11881000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3500000
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
7.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.22
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000.0
CY2020Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.24
CY2021Q4 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
6700000
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
13100000
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719717000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
575559000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
237850000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9568000
CY2021Q4 us-gaap Goodwill
Goodwill
190907000
CY2021Q1 us-gaap Goodwill
Goodwill
122300000
CY2021Q4 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
7531000
CY2020Q4 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
1313000
vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
20859000
vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
4171000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2085931000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1660325000
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
4527000
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
21760000
us-gaap Operating Income Loss
OperatingIncomeLoss
29117000
us-gaap Operating Income Loss
OperatingIncomeLoss
29129000
CY2021Q4 us-gaap Assets
Assets
6086794000
CY2021Q1 us-gaap Assets
Assets
5349467000
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719717000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2085931000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
575559000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1660325000

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