Viasat Inc. Files Q1 2025 10-Q
Ticker: VSAT · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 797721
Sentiment: neutral
Topics: 10-Q, financials, debt
Related Tickers: VSAT
TL;DR
Viasat's Q1 2025 10-Q is in: debt maturities in '26 & '31 noted. #Viasat
AI Summary
Viasat Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance and operations. The filing details various financial instruments and liabilities, including long-term debt and accrued liabilities. Specific notes mention debt instruments maturing in 2026 and 2031, and the company's fiscal year ends on March 31.
Why It Matters
This filing provides investors with a quarterly update on Viasat's financial health, including debt obligations and operational status, which is crucial for assessing the company's stability and future prospects.
Risk Assessment
Risk Level: medium — The filing contains details about significant debt obligations and financial instruments, which can indicate financial risk.
Key Numbers
- N/A — Revenue (Specific revenue figures were not readily extractable from the provided text snippet.)
- N/A — Net Income (Specific net income figures were not readily extractable from the provided text snippet.)
- N/A — Total Assets (Specific total asset figures were not readily extractable from the provided text snippet.)
- N/A — Total Liabilities (Specific total liability figures were not readily extractable from the provided text snippet.)
- N/A — Cash Flow (Specific cash flow figures were not readily extractable from the provided text snippet.)
Key Players & Entities
- VIASAT INC (company) — Filer
- 2024-06-30 (date) — Reporting Period End Date
- 0000797721 (company) — Central Index Key
- 2026 (date) — Debt Instrument Maturity Year
- 2031 (date) — Debt Instrument Maturity Year
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the quarter ended June 30, 2024.
When does Viasat Inc.'s fiscal year end?
Viasat Inc.'s fiscal year ends on March 31.
Are there any specific debt instruments mentioned with maturity dates?
Yes, the filing mentions "Inmarsat Senior Secured Notes Two Thousand And Twenty Six" maturing in 2026 and "Two Thousand And Thirty One Note" maturing in 2031.
What is the Central Index Key (CIK) for Viasat Inc.?
The CIK for Viasat Inc. is 0000797721.
What is the business address of Viasat Inc.?
The business address is 6155 El Camino Real, Carlsbad, CA 92009.
Filing Stats: 4,330 words · 17 min read · ~14 pages · Grade level 15.6 · Accepted 2024-08-09 14:48:03
Key Financial Figures
- $0.0001 — h Registered) Common Stock, par value $0.0001 per share VSAT The Nasdaq Stock Mar
Filing Documents
- vsat-20240630.htm (10-Q) — 2103KB
- vsat-ex10_1.htm (EX-10.1) — 104KB
- vsat-ex10_2.htm (EX-10.2) — 90KB
- vsat-ex31_1.htm (EX-31.1) — 14KB
- vsat-ex31_2.htm (EX-31.2) — 14KB
- vsat-ex32_1.htm (EX-32.1) — 13KB
- img244605280_0.jpg (GRAPHIC) — 59KB
- 0000950170-24-094591.txt ( ) — 11209KB
- vsat-20240630.xsd (EX-101.SCH) — 1722KB
- vsat-20240630_htm.xml (XML) — 2053KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Equity 6 Notes to the Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 34
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 49
Controls and Procedures
Item 4. Controls and Procedures 50
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 50
Risk Factors
Item 1A. Risk Factors 50
Other Information
Item 5. Other Information 50
Exhibits
Item 6. Exhibits 51
— FINANC IAL INFORMATION
PART I — FINANC IAL INFORMATION
Financial Sta tements (Unaudited)
Item 1. Financial Sta tements (Unaudited) VIASAT, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (UNAUDITED) As of June 30, 2024 As of March 31, 2024 (In thousands) ASSETS Current assets: Cash and cash equivalents $ 1,811,599 $ 1,901,033 Accounts receivable, net 694,889 678,210 Inventories 329,829 317,878 Prepaid expenses and other current assets 490,784 581,783 Total current assets 3,327,101 3,478,904 Property, equipment and satellites, net 7,531,809 7,557,206 Operating lease right-of-use assets 380,169 393,077 Other acquired intangible assets, net 2,475,492 2,544,467 Goodwill 1,621,473 1,621,763 Other assets 751,825 733,947 Total assets $ 16,087,869 $ 16,329,364 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 230,882 $ 287,206 Accrued and other liabilities 791,102 950,621 Current portion of long-term debt 57,764 58,054 Total current liabilities 1,079,748 1,295,881 Senior notes 4,367,667 4,354,714 Other long-term debt 2,761,181 2,774,521 Non-current operating lease liabilities 369,342 379,644 Other liabilities 2,422,278 2,452,100 Total liabilities 11,000,216 11,256,860 Commitments and contingencies (Note 9) Equity: Viasat, Inc. stockholders' equity Common stock 13 13 Paid-in capital 4,845,072 4,797,253 Retained earnings 216,520 249,432 Accumulated other comprehensive income (loss) ( 32,251 ) ( 21,268 ) Total Viasat, Inc. stockholders' equity 5,029,354 5,025,430 Noncontrolling interest in subsidiary 58,299 47,074 Total equity 5,087,653 5,072,504 Total liabilities and equity $ 16,087,869 $ 16,329,364 See accompanying notes to the condensed consolidated financial statements. 3 VIASAT, INC. CONDENSED CONSOLIDATED S TATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Three Months Ended June 30, 2024 June 30, 2023