ViaSat Inc. Q2 FY25: Debt & Past Acquisitions Highlighted
Ticker: VSAT · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 797721
Sentiment: neutral
Topics: 10-Q, debt, acquisition
TL;DR
ViaSat's Q2 FY25 shows significant debt; past acquisitions like EuroBroadband and Navarino are noted.
AI Summary
ViaSat Inc. reported its second quarter fiscal year 2025 results, ending September 30, 2024. The company's financial statements indicate significant long-term debt, with specific figures for "LongTermDebtOtherThanLongTermCommercialPaperNoncurrent" and "AccruedAndOtherLiabilitiesCurrent" available for review on their investor relations page. The filing also references past transactions including the "EuroBroadbandInfrastructureSarlStepAcquisitionMember" in April 2021 and the "NavarinoUkAndJsatMobileMember" acquisition during the first quarter of fiscal year 2024.
Why It Matters
This filing provides insight into ViaSat's financial structure, particularly its debt levels and historical strategic acquisitions, which can impact its future investment capacity and operational stability.
Risk Assessment
Risk Level: medium — The mention of significant long-term debt and specific liabilities suggests potential financial risk that could impact the company's operations and future growth.
Key Numbers
- N/A — Revenue (Specific revenue figures for the quarter are not detailed in the provided text snippet.)
- N/A — Net Income (Specific net income figures for the quarter are not detailed in the provided text snippet.)
- N/A — Long-Term Debt (While long-term debt is mentioned, specific dollar amounts are not provided in this snippet.)
Key Players & Entities
- ViaSat Inc. (company) — Filer of the 10-Q report
- September 30, 2024 (date) — End date of the reporting period
- EuroBroadbandInfrastructureSarlStepAcquisitionMember (company) — Past acquisition referenced
- April 2021 (date) — Date of the EuroBroadband acquisition
- NavarinoUkAndJsatMobileMember (company) — Past acquisition referenced
FAQ
What were ViaSat's total revenues for the second quarter of fiscal year 2025?
The provided text does not specify the total revenues for the second quarter of fiscal year 2025.
What is the specific dollar amount of ViaSat's long-term debt as of September 30, 2024?
The provided text mentions 'LongTermDebtOtherThanLongTermCommercialPaperNoncurrent' but does not state the specific dollar amount.
What was the financial impact of the EuroBroadbandInfrastructureSarlStepAcquisitionMember on ViaSat?
The provided text mentions the acquisition occurred in April 2021 but does not detail its financial impact.
What is the current status of the Navarino UK and JSAT Mobile acquisition?
The provided text references the 'NavarinoUkAndJsatMobileMember' in the context of the period from April 1, 2023, to September 30, 2023, but does not provide current status details.
What are the key components of ViaSat's 'AccruedAndOtherLiabilitiesCurrent' as of September 30, 2024?
The provided text references 'AccruedAndOtherLiabilitiesCurrent' but does not list the specific components or their dollar values.
Filing Stats: 4,372 words · 17 min read · ~15 pages · Grade level 15.6 · Accepted 2024-11-08 16:20:28
Key Financial Figures
- $0.0001 — h Registered) Common Stock, par value $0.0001 per share VSAT The Nasdaq Stock Mar
Filing Documents
- vsat-20240930.htm (10-Q) — 2927KB
- vsat-ex10_2.htm (EX-10.2) — 212KB
- vsat-ex10_3.htm (EX-10.3) — 55KB
- vsat-ex10_4.htm (EX-10.4) — 212KB
- vsat-ex10_5.htm (EX-10.5) — 51KB
- vsat-ex10_6.htm (EX-10.6) — 97KB
- vsat-ex10_7.htm (EX-10.7) — 188KB
- vsat-ex10_8.htm (EX-10.8) — 185KB
- vsat-ex10_9.htm (EX-10.9) — 221KB
- vsat-ex10_10.htm (EX-10.10) — 221KB
- vsat-ex31_1.htm (EX-31.1) — 15KB
- vsat-ex31_2.htm (EX-31.2) — 15KB
- vsat-ex32_1.htm (EX-32.1) — 13KB
- img244608163_0.jpg (GRAPHIC) — 59KB
- 0000950170-24-124119.txt ( ) — 14436KB
- vsat-20240930.xsd (EX-101.SCH) — 1690KB
- vsat-20240930_htm.xml (XML) — 2551KB
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 8
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 41
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 61
Controls and Procedures
Item 4. Controls and Procedures 62
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 62
Risk Factors
Item 1A. Risk Factors 62
Other Information
Item 5. Other Information 63
Exhibits
Item 6. Exhibits 64
— 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 September 30, 2024 As of March 31, 2024 (In thousands) ASSETS Current assets: Cash and cash equivalents $ 3,529,770 $ 1,901,033 Accounts receivable, net 717,250 678,210 Inventories 327,008 317,878 Prepaid expenses and other current assets 487,059 581,783 Total current assets 5,061,087 3,478,904 Property, equipment and satellites, net 7,486,345 7,557,206 Operating lease right-of-use assets 413,279 393,077 Other acquired intangible assets, net 2,410,852 2,544,467 Goodwill 1,623,760 1,621,763 Other assets 759,661 733,947 Total assets $ 17,754,984 $ 16,329,364 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 246,748 $ 287,206 Accrued and other liabilities 898,915 950,621 Current portion of long-term debt 2,377,989 58,054 Total current liabilities 3,523,652 1,295,881 Senior notes 3,646,968 4,354,714 Other long-term debt 2,757,952 2,774,521 Non-current operating lease liabilities 411,189 379,644 Other liabilities 2,405,743 2,452,100 Total liabilities 12,745,504 11,256,860 Commitments and contingencies (Note 9) Equity: Viasat, Inc. stockholders' equity Common stock 13 13 Paid-in capital 4,878,615 4,797,253 Retained earnings 78,936 249,432 Accumulated other comprehensive income (loss) ( 22,086 ) ( 21,268 ) Total Viasat, Inc. stockholders' equity 4,935,478 5,025,430 Noncontrolling interest in subsidiary 74,002 47,074 Total equity 5,009,480 5,072,504 Total liabilities and equity $ 17,754,984 $ 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 Six Months Ended Septe