$VSAT
VIASAT INC

2017 Q2 Form 10-Q Financial Statement

#000119312517252664 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $380.0M $363.1M
YoY Change 4.66% 5.45%
Cost Of Revenue $137.9M $127.6M
YoY Change 8.05% 8.48%
Gross Profit $242.2M $235.5M
YoY Change 2.82% 3.87%
Gross Profit Margin 63.73% 64.87%
Selling, General & Admin $89.17M $79.40M
YoY Change 12.31% 11.66%
% of Gross Profit 36.82% 33.71%
Research & Development $45.07M $25.18M
YoY Change 78.99% 61.31%
% of Gross Profit 18.61% 10.69%
Depreciation & Amortization $50.83M $49.77M
YoY Change 2.12% 7.72%
% of Gross Profit 20.99% 21.13%
Operating Expenses $134.2M $104.6M
YoY Change 28.36% 20.6%
Operating Profit -$17.95M $7.778M
YoY Change -330.78% -17.38%
Interest Expense $56.00K $5.134M
YoY Change -98.91% -22.02%
% of Operating Profit 66.01%
Other Income/Expense, Net
YoY Change
Pretax Income -$17.91M $2.967M
YoY Change -703.74% -15.85%
Income Tax -$9.180M $810.0K
% Of Pretax Income 27.3%
Net Earnings -$9.246M $2.157M
YoY Change -528.65% -14.37%
Net Earnings / Revenue -2.43% 0.59%
Basic Earnings Per Share -$0.16 $0.04
Diluted Earnings Per Share -$0.16 $0.04
COMMON SHARES
Basic Shares Outstanding 57.84M 49.13M shares
Diluted Shares Outstanding 57.84M 50.17M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $160.6M $47.30M
YoY Change 239.53% -9.56%
Cash & Equivalents $160.6M $47.25M
Short-Term Investments
Other Short-Term Assets $9.443M $5.466M
YoY Change 72.76% 18.93%
Inventory $177.9M $155.5M
Prepaid Expenses $56.75M $47.99M
Receivables $215.1M $262.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $619.7M $518.9M
YoY Change 19.44% 5.54%
LONG-TERM ASSETS
Property, Plant & Equipment $1.694B $1.463B
YoY Change 15.76% 23.95%
Goodwill $120.4M $116.6M
YoY Change 3.31% -0.58%
Intangibles
YoY Change
Long-Term Investments $144.3M
YoY Change
Other Assets $605.5M $361.9M
YoY Change 67.33% 10.7%
Total Long-Term Assets $2.459B $1.972B
YoY Change 24.67% 19.12%
TOTAL ASSETS
Total Short-Term Assets $619.7M $518.9M
Total Long-Term Assets $2.459B $1.972B
Total Assets $3.079B $2.491B
YoY Change 23.58% 16.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.01M $94.41M
YoY Change -11.01% 22.72%
Accrued Expenses $204.2M $156.9M
YoY Change 30.17% -18.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $19.30M $277.0K
YoY Change 6867.51% 6.54%
Total Short-Term Liabilities $307.5M $251.3M
YoY Change 22.38% -6.32%
LONG-TERM LIABILITIES
Long-Term Debt $830.8M $1.034B
YoY Change -19.65% 28.23%
Other Long-Term Liabilities $7.605M $37.90M
YoY Change -79.93% -5.24%
Total Long-Term Liabilities $838.4M $1.034B
YoY Change -18.92% 22.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $307.5M $251.3M
Total Long-Term Liabilities $838.4M $1.034B
Total Liabilities $1.248B $1.323B
YoY Change -5.67% 18.72%
SHAREHOLDERS EQUITY
Retained Earnings $346.4M $275.6M
YoY Change 25.72% 9.36%
Common Stock $1.480B $887.6M
YoY Change 66.71% 12.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.827B $1.162B
YoY Change
Total Liabilities & Shareholders Equity $3.079B $2.491B
YoY Change 23.58% 15.42%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$9.246M $2.157M
YoY Change -528.65% -14.37%
Depreciation, Depletion And Amortization $50.83M $49.77M
YoY Change 2.12% 7.72%
Cash From Operating Activities $153.7M $62.10M
YoY Change 147.43% -20.49%
INVESTING ACTIVITIES
Capital Expenditures $109.8M $120.6M
YoY Change -8.92% 82.82%
Acquisitions
YoY Change
Other Investing Activities $0.00 $504.0K
YoY Change -100.0% -156.0%
Cash From Investing Activities -$128.1M -$142.1M
YoY Change -9.87% 29.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.942M 85.30M
YoY Change -94.21% -746.21%
NET CHANGE
Cash From Operating Activities 153.7M 62.10M
Cash From Investing Activities -128.1M -142.1M
Cash From Financing Activities 4.942M 85.30M
Net Change In Cash 30.52M 5.300M
YoY Change 475.91% -111.75%
FREE CASH FLOW
Cash From Operating Activities $153.7M $62.10M
Capital Expenditures $109.8M $120.6M
Free Cash Flow $43.83M -$58.48M
YoY Change -174.96% -581.45%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
58011709 shares
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47252000
CY2016Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12157000
CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2173000
CY2017Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
204231000
CY2017Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
34759000
CY2017Q2 us-gaap Assets Current
AssetsCurrent
619746000
CY2017Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
215053000
CY2017Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1479768000
CY2017Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
84014000
CY2017Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
115662000
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1113000
CY2017Q2 us-gaap Assets
Assets
3078714000
CY2017Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
211766000
CY2017Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
35846000
CY2017Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
109890000
CY2017Q2 us-gaap Liabilities
Liabilities
1248278000
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3078714000
CY2017Q2 us-gaap Liabilities Current
LiabilitiesCurrent
307545000
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
160556000
CY2017Q2 us-gaap Commercial Paper Noncurrent
CommercialPaperNoncurrent
575385000
CY2017Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q2 us-gaap Common Stock Value
CommonStockValue
6000
CY2017Q2 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
59121000
CY2017Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
89129000
CY2017Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
29282000
CY2017Q2 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
11839000
CY2017Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
200880000
CY2017Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
513000
CY2017Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
68358000
CY2017Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23472000
CY2017Q2 us-gaap Equity Method Investments
EquityMethodInvestments
144289000
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
177233000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5116000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
5604000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3292000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7492000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9295000
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
216730000
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
39497000
CY2017Q2 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
3200000
CY2017Q2 us-gaap Goodwill
Goodwill
120419000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8698000
CY2017Q2 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
15400000
CY2017Q2 us-gaap Inventory Net
InventoryNet
177943000
CY2017Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
79594000
CY2017Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
62503000
CY2017Q2 us-gaap Long Term Debt
LongTermDebt
879425000
CY2017Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
19300000
CY2017Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
830843000
CY2017Q2 us-gaap Minority Interest
MinorityInterest
3106000
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
49703000
CY2017Q2 us-gaap Other Assets Current
OtherAssetsCurrent
9443000
CY2017Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
32193000
CY2017Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
605528000
CY2017Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7605000
CY2017Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
291000
CY2017Q2 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
19300000
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
66194000
CY2017Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
56751000
CY2017Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7168000
CY2017Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2635000
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
346443000
CY2017Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
4100000
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
1827330000
CY2017Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9803000
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1830436000
CY2017Q2 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
101564000
CY2017Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1200000
CY2017Q2 vsat Satellite Performance Incentives Obligation Noncurrent
SatellitePerformanceIncentivesObligationNoncurrent
18940000
CY2017Q2 vsat Finite Lived Patents And Other Licenses Accumulated Amortization
FiniteLivedPatentsAndOtherLicensesAccumulatedAmortization
2200000
CY2017Q2 vsat Long Term Debt Other Than Long Term Commercial Paper Noncurrent
LongTermDebtOtherThanLongTermCommercialPaperNoncurrent
255458000
CY2017Q2 vsat Finite Lived Patents And Other Licenses Net
FiniteLivedPatentsAndOtherLicensesNet
16400000
CY2017Q2 vsat Previously Unrealized Excess Tax Benefits On Share Based Compensation
PreviouslyUnrealizedExcessTaxBenefitsOnShareBasedCompensation
58700000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42088000
CY2016Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11434000
CY2017Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1470000
CY2017Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
224959000
CY2017Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
33214000
CY2017Q1 us-gaap Assets Current
AssetsCurrent
614856000
CY2017Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
263721000
CY2017Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1439645000
CY2017Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
100270000
CY2017Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
145626000
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2504000
CY2017Q1 us-gaap Assets
Assets
2954653000
CY2017Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
203686000
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
130098000
CY2017Q1 us-gaap Commercial Paper Noncurrent
CommercialPaperNoncurrent
575380000
CY2017Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q1 us-gaap Common Stock Value
CommonStockValue
6000
CY2017Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
76682000
CY2017Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
30651000
CY2017Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
10743000
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
134764000
CY2017Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1936000
CY2017Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
4617000
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
41691000
CY2017Q1 us-gaap Equity Method Investments
EquityMethodInvestments
141894000
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
173414000
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
215091000
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
41677000
CY2017Q1 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
3200000
CY2017Q1 us-gaap Goodwill
Goodwill
119876000
CY2017Q1 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
15400000
CY2017Q1 us-gaap Inventory Net
InventoryNet
163201000
CY2017Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
81285000
CY2017Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
56096000
CY2017Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25820000
CY2017Q1 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
42722000
CY2017Q1 us-gaap Liabilities
Liabilities
1216722000
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2954653000
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
325517000
CY2017Q1 us-gaap Long Term Debt
LongTermDebt
879422000
CY2017Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
288000
CY2017Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
848483000
CY2017Q1 us-gaap Minority Interest
MinorityInterest
3313000
CY2017Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
65576000
CY2017Q1 us-gaap Other Assets Current
OtherAssetsCurrent
5980000
CY2017Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
32522000
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
529366000
CY2017Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3000000
CY2017Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
288000
CY2017Q1 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
288000
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
57836000
CY2017Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
51856000
CY2017Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7796000
CY2017Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
3262000
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
297471000
CY2017Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
4200000
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
1734618000
CY2017Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11058000
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1737931000
CY2017Q1 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
119565000
CY2017Q1 vsat Satellite Performance Incentives Obligation Noncurrent
SatellitePerformanceIncentivesObligationNoncurrent
19164000
CY2017Q1 vsat Finite Lived Patents And Other Licenses Accumulated Amortization
FiniteLivedPatentsAndOtherLicensesAccumulatedAmortization
2100000
CY2017Q1 vsat Long Term Debt Other Than Long Term Commercial Paper Noncurrent
LongTermDebtOtherThanLongTermCommercialPaperNoncurrent
273103000
CY2017Q1 vsat Finite Lived Patents And Other Licenses Net
FiniteLivedPatentsAndOtherLicensesNet
16500000
CY2017 vsat Loss Contingency Estimate Of Possible Loss Impact To Net Income Loss Available To Common Stockholders
LossContingencyEstimateOfPossibleLossImpactToNetIncomeLossAvailableToCommonStockholders
4000000
CY2017 vsat Loss Contingency Estimate Of Possible Loss Impact To Net Income Loss Attributable To Noncontrolling Interest
LossContingencyEstimateOfPossibleLossImpactToNetIncomeLossAttributableToNoncontrollingInterest
3700000
CY2016Q2 us-gaap Advertising Expense
AdvertisingExpense
800000
CY2016Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10226000
CY2016Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
21000000
CY2016Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
7700000
CY2016Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5164000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
302000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
991000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1293000
CY2016Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
120680000
CY2016Q2 us-gaap Cost Of Services
CostOfServices
127582000
CY2016Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-183000
CY2016Q2 us-gaap Depreciation
Depreciation
49772000
CY2016Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.273 pure
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2016Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-180000
CY2016Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-8088000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2967000
CY2016Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-21938000
CY2016Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7636000
CY2016Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11737000
CY2016Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8835000
CY2016Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1146000
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
289000 shares
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
810000
CY2016Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-18340000
CY2016Q2 us-gaap Interest Expense
InterestExpense
5134000
CY2016Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
10200000
CY2016Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
323000
CY2016Q2 us-gaap Loss On Contracts
LossOnContracts
400000
CY2016Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-142084000
CY2016Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
62118000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1855000
CY2016Q2 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
85310000
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
302000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
7778000
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-864000
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-764000
CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-100000
CY2016Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2761000
CY2016Q2 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6322000
CY2016Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1937000
CY2016Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
21003000
CY2016Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
120577000
CY2016Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
504000
CY2016Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
6709000
CY2016Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-376000
CY2016Q2 us-gaap Profit Loss
ProfitLoss
2157000
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25177000
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
363130000
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
160676000
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
202454000
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
12761000
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
79400000
CY2016Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2149000
CY2016Q2 us-gaap Stock Issued1
StockIssued1
13080000
CY2016Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2872000
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50170000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49133000 shares
CY2016Q2 vsat Debt Issuances Costs Capitalized
DebtIssuancesCostsCapitalized
6100000
CY2016Q2 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
2513000
CY2016Q2 vsat Incremental Common Shares Attributable To Restricted Stock Units To Acquire Common Stock
IncrementalCommonSharesAttributableToRestrictedStockUnitsToAcquireCommonStock
564000 shares
CY2016Q2 vsat Incremental Common Shares Attributable To Potentially Issuable Per Employee Profit Sharing Plan And To Stock Issued Per Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToPotentiallyIssuablePerEmployeeProfitSharingPlanAndToStockIssuedPerEmployeeStockPurchasePlan
184000 shares
CY2016Q2 vsat Increase Decrease In Capital Expenditures Incurred But Not Paid For
IncreaseDecreaseInCapitalExpendituresIncurredButNotPaidFor
21798000
CY2017Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1931000
CY2017Q2 us-gaap Advertising Expense
AdvertisingExpense
1200000
CY2017Q2 dei Amendment Flag
AmendmentFlag
false
CY2017Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17290000
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13107000
CY2017Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
17800000
CY2017Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
9700000
CY2017Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
30458000
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-207000
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5422000
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-5629000
CY2017Q2 us-gaap Concentration Risk Government Contracts
ConcentrationRiskGovernmentContracts
Contract costs on U.S. government contracts are subject to audit and review by the Defense Contracting Management Agency (DCMA), the Defense Contract Audit Agency (DCAA), and other U.S. government agencies, as well as negotiations with U.S. government representatives. The Company’s incurred cost audits by the DCAA have not been concluded for fiscal years 2016 and 2017. As of June 30, 2017, the DCAA had completed its incurred cost audit for fiscal year 2004 and approved the Company’s incurred cost claims for fiscal years 2005 through 2015 without further audit. Although the Company has recorded contract revenues subsequent to fiscal year 2015 based upon an estimate of costs that the Company believes will be approved upon final audit or review, the Company does not know the outcome of any ongoing or future audits or reviews and adjustments, and if future adjustments exceed the Company’s estimates, its profitability would be adversely affected.
CY2017Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
122645000
CY2017Q2 us-gaap Cost Of Services
CostOfServices
137851000
CY2017Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2017Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9377000
CY2017Q2 us-gaap Depreciation
Depreciation
50828000
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.512 pure
CY2017Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2017Q2 dei Document Type
DocumentType
10-Q
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2017Q2 dei Document Period End Date
DocumentPeriodEndDate
2017-06-30
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2017Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-65000
CY2017Q2 dei Entity Registrant Name
EntityRegistrantName
VIASAT INC
CY2017Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000797721
CY2017Q2 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017Q2 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
500000
CY2017Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9196000
CY2017Q2 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Indemnification provisions</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">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&#x2019;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 June&#xA0;30, 2017 and March&#xA0;31, 2017, no such amounts were accrued related to the aforementioned provisions.</font></p> </div>
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17913000
CY2017Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-46500000
CY2017Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5348000
CY2017Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15193000
CY2017Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8203000
CY2017Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
63617000
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-513000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9180000
CY2017Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11223000
CY2017Q2 us-gaap Interest Expense
InterestExpense
56000
CY2017Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
14600000
CY2017Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
93000
CY2017Q2 us-gaap Loss On Contracts
LossOnContracts
2200000
CY2017Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-128073000
CY2017Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
153654000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9039000
CY2017Q2 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
4942000
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-207000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-17950000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3617000
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3525000
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
92000
CY2017Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2280000
CY2017Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1931000
CY2017Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
18253000
CY2017Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
109820000
CY2017Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
7245000
CY2017Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-372000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
-9246000
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
15507000
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
45065000
CY2017Q2 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Collections in excess of revenues and deferred revenues represent cash collected from customers in advance of revenue recognition and are recorded in accrued liabilities for obligations within the next 12 months. Amounts for obligations extending beyond 12 months are recorded within other liabilities in the condensed consolidated financial statements.</font></p> </div>
CY2017Q2 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">In accordance with the authoritative guidance for revenue recognition for multiple element arrangements, the Accounting Standards Update (ASU) <font style="WHITE-SPACE: nowrap">2009-13</font> (ASU <font style="WHITE-SPACE: nowrap">2009-13),</font> Revenue Recognition (ASC 605) Multiple-Deliverable Revenue Arrangements, which updates ASC <font style="WHITE-SPACE: nowrap">605-25,</font> Revenue Recognition-Multiple element arrangements, of the Financial Accounting Standards Board (FASB) codification, for substantially all of the arrangements with multiple deliverables, the Company allocates revenue to each element based on a selling price hierarchy at the arrangement inception. The selling price for each element is based upon the following selling price hierarchy: vendor specific objective evidence (VSOE) if available, third-party evidence (TPE) if VSOE is not available, or estimated selling price (ESP) if neither VSOE nor TPE are available (a description as to how the Company determines VSOE, TPE and ESP is provided below). If a tangible hardware systems product includes software, the Company determines whether the tangible hardware systems product and the software work together to deliver the product&#x2019;s essential functionality and, if so, the entire product is treated as a nonsoftware deliverable. The total arrangement consideration is allocated to each separate unit of accounting for each of the nonsoftware deliverables using the relative selling prices of each unit based on the aforementioned selling price hierarchy. Revenue for each separate unit of accounting is recognized when the applicable revenue recognition criteria for each element have been met.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">To determine the selling price in multiple-element arrangements, the Company establishes VSOE of the selling price using the price charged for a deliverable when sold separately. The Company also considers specific renewal rates offered to customers for software license updates, product support and hardware systems support, and other services. For nonsoftware multiple-element arrangements, TPE is established by evaluating similar and/or interchangeable competitor products or services in standalone arrangements with similarly situated customers and/or agreements. If the Company is unable to determine the selling price because VSOE or TPE doesn&#x2019;t exist, the Company determines ESP for the purposes of allocating the arrangement by reviewing historical transactions, including transactions whereby the deliverable was sold on a standalone basis and considers several other external and internal factors including, but not limited to, pricing practices including discounting, margin objectives, competition, the geographies in which the Company offers its products and services, the type of customer (i.e., distributor, value added reseller, government agency or direct end user, among others), volume commitments and the stage of the product lifecycle. The determination of ESP considers the Company&#x2019;s pricing model and <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">go-to-market</font></font> strategy. As the Company&#x2019;s, or its competitors&#x2019;, pricing and <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">go-to-market</font></font> strategies evolve, the Company may modify its pricing practices in the future, which could result in changes to its determination of VSOE, TPE and ESP. As a result, the Company&#x2019;s future revenue recognition for multiple-element arrangements could differ materially from those in the current period.</font></p> </div>
CY2017Q2 us-gaap Revenue Recognition Percentage Of Completion Method
RevenueRecognitionPercentageOfCompletionMethod
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">A substantial portion of the Company&#x2019;s revenues is derived from long-term contracts requiring development and delivery of complex equipment built to customer specifications. Sales related to long-term contracts are accounted for under the authoritative guidance for the <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">percentage-of-completion</font></font> method of accounting (Accounting Standards Codification (ASC) <font style="WHITE-SPACE: nowrap">605-35).</font> Sales and earnings under these contracts are recorded either based on the ratio of actual costs incurred to date to total estimated costs expected to be incurred related to the contract, or as products are shipped under the <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">units-of-delivery</font></font> method. Anticipated losses on contracts are recognized in full in the period in which losses become probable and estimable. Changes in estimates of profit or loss on contracts are included in earnings on a cumulative basis in the period the estimate is changed. During the three months ended June&#xA0;30, 2017 and 2016, the Company recorded losses of approximately $2.2&#xA0;million and $0.4&#xA0;million, respectively, related to loss contracts.</font></p> </div>
CY2017Q2 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company also enters into certain leasing arrangements with customers and evaluates the contracts in accordance with the authoritative guidance for leases (ASC 840). The Company&#x2019;s accounting for equipment leases involves specific determinations under the authoritative guidance for leases, which often involve complex provisions and significant judgments. In accordance with the authoritative guidance for leases, the Company classifies the transactions as sales type or operating leases based on: (1)&#xA0;review for transfers of ownership of the equipment to the lessee by the end of the lease term, (2)&#xA0;review of the lease terms to determine if it contains an option to purchase the leased equipment for a price which is sufficiently lower than the expected fair value of the equipment at the date of the option, (3)&#xA0;review of the lease term to determine if it is equal to or greater than 75% of the economic life of the equipment, and (4)&#xA0;review of the present value of the minimum lease payments to determine if they are equal to or greater than 90% of the fair market value of the equipment at the inception of the lease. Additionally, the Company considers the cancelability of the contract and any related uncertainty of collections or risk in recoverability of the lease investment at lease inception. Revenue from sales type leases is recognized at the inception of the lease or when the equipment has been delivered and installed at the customer site, if installation is required. Revenues from equipment rentals under operating leases are recognized as earned over the lease term, which is generally on a straight-line basis.</font></p> </div>
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
380044000
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
166118000
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
213926000
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
89173000
CY2017Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1470000
CY2017Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
6017000
CY2017Q2 us-gaap Stock Issued1
StockIssued1
16409000
CY2017Q2 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
16409000
CY2017Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1228000
CY2017Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
215000
CY2017Q2 dei Trading Symbol
TradingSymbol
VSAT
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57842000 shares
CY2017Q2 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">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, self-insurance reserves, allowance for doubtful accounts, warranty accruals, valuation of goodwill and other intangible assets, patents, orbital slots and other licenses, software development, property, equipment and satellites, long-lived assets, derivatives, contingencies and income taxes including the valuation allowance on deferred tax assets.</font></p> </div>
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57842000 shares
CY2017Q2 vsat Debt Issuances Costs Capitalized
DebtIssuancesCostsCapitalized
0
CY2017Q2 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
3260000
CY2017Q2 vsat Products Warranty Period Maximum
ProductsWarrantyPeriodMaximum
P5Y
CY2017Q2 vsat Increase Decrease In Capital Expenditures Incurred But Not Paid For
IncreaseDecreaseInCapitalExpendituresIncurredButNotPaidFor
-5503000

Files In Submission

Name View Source Status
0001193125-17-252664-index-headers.html Edgar Link pending
0001193125-17-252664-index.html Edgar Link pending
0001193125-17-252664.txt Edgar Link pending
0001193125-17-252664-xbrl.zip Edgar Link pending
d406456d10q.htm Edgar Link pending
d406456dex311.htm Edgar Link pending
d406456dex312.htm Edgar Link pending
d406456dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vsat-20170630.xml Edgar Link completed
vsat-20170630.xsd Edgar Link pending
vsat-20170630_cal.xml Edgar Link unprocessable
vsat-20170630_def.xml Edgar Link unprocessable
vsat-20170630_lab.xml Edgar Link unprocessable
vsat-20170630_pre.xml Edgar Link unprocessable