Viasat Inc. Files Q3 2025 10-Q with Financial Updates
Ticker: VSAT · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 797721
Sentiment: neutral
Topics: 10-Q, financials, debt, credit-facility
TL;DR
Viasat's Q3 2025 10-Q is in: check debt facilities and credit agreements for the latest financial picture.
AI Summary
Viasat Inc. reported its Q3 results for the fiscal year ending March 31, 2025. The company's filing on February 10, 2025, covers the period ending December 31, 2024. Key financial details and operational updates are provided, including information on various debt facilities and credit agreements.
Why It Matters
This filing provides investors and analysts with crucial financial data and operational insights into Viasat's performance during the third quarter, impacting investment decisions and market perception.
Risk Assessment
Risk Level: medium — The filing details significant debt and credit facilities, indicating potential financial leverage and associated risks.
Key Numbers
- Q3 — Fiscal Quarter (Reporting period for this 10-Q filing.)
- 2025 — Fiscal Year End (The company's fiscal year concludes on March 31, 2025.)
Key Players & Entities
- VIASAT INC (company) — Filer
- 20241231 (date) — Period of Report
- 20250210 (date) — Filing Date
- 6155 EL CAMINO REAL (address) — Business and Mail Address
- CARLSBAD (city) — Business and Mail City
- CA (state) — Business and Mail State
- 92009 (zip_code) — Business and Mail Zip
- 760-476-2200 (phone_number) — Business Phone
- vsat:BridgeFacilityMember (financial_instrument) — Debt Facility
- vsat:InmarsatSeniorSecuredNotesTwoThousandAndTwentyNineMember (financial_instrument) — Debt Instrument
FAQ
What is the primary business of Viasat Inc. according to the filing?
Viasat Inc. is primarily involved in Radio & TV Broadcasting & Communications Equipment, as indicated by its SIC code [3663].
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is December 31, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on February 10, 2025.
What are some of the specific debt or credit facilities mentioned in the filing?
The filing mentions facilities such as vsat:BridgeFacilityMember, vsat:InmarsatSeniorSecuredNotesTwoThousandAndTwentyNineMember, vsat:InmarsatRevolvingCreditFacilityMember, vsat:InmarsatOriginalTermLoanFacilityMember, and vsat:TwoThousandAndTwentyTwoTermLoanFacilityMember.
Where is Viasat Inc. headquartered?
Viasat Inc.'s business and mailing address is 6155 El Camino Real, Carlsbad, CA 92009.
Filing Stats: 4,349 words · 17 min read · ~14 pages · Grade level 15.6 · Accepted 2025-02-10 15:53:30
Key Financial Figures
- $0.0001 — h Registered) Common Stock, par value $0.0001 per share VSAT The Nasdaq Stock Mar
Filing Documents
- vsat-20241231.htm (10-Q) — 3346KB
- vsat-ex31_1.htm (EX-31.1) — 16KB
- vsat-ex31_2.htm (EX-31.2) — 16KB
- vsat-ex32_1.htm (EX-32.1) — 15KB
- img244631228_0.jpg (GRAPHIC) — 150KB
- 0000950170-25-016993.txt ( ) — 14259KB
- vsat-20241231.xsd (EX-101.SCH) — 1701KB
- vsat-20241231_htm.xml (XML) — 2936KB
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 42
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 62
Controls and Procedures
Item 4. Controls and Procedures 63
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 63
Risk Factors
Item 1A. Risk Factors 63
Other Information
Item 5. Other Information 64
Exhibits
Item 6. Exhibits 65
— 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 December 31, 2024 As of March 31, 2024 (In thousands) ASSETS Current assets: Cash and cash equivalents $ 1,556,489 $ 1,901,033 Accounts receivable, net 648,962 678,210 Inventories 320,137 317,878 Prepaid expenses and other current assets 316,012 581,783 Total current assets 2,841,600 3,478,904 Property, equipment and satellites, net 7,555,524 7,557,206 Operating lease right-of-use assets 422,021 393,077 Other acquired intangible assets, net 2,338,088 2,544,467 Goodwill 1,620,267 1,621,763 Other assets 822,851 733,947 Total assets $ 15,600,351 $ 16,329,364 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 218,585 $ 287,206 Accrued and other liabilities 854,900 950,621 Current portion of long-term debt 506,922 58,054 Total current liabilities 1,580,407 1,295,881 Senior notes 3,649,874 4,354,714 Other long-term debt 2,885,929 2,774,521 Non-current operating lease liabilities 411,784 379,644 Other liabilities 2,226,228 2,452,100 Total liabilities 10,754,222 11,256,860 Commitments and contingencies (Note 9) Equity: Viasat, Inc. stockholders' equity Common stock 13 13 Paid-in capital 4,899,100 4,797,253 Retained earnings (accumulated deficit) ( 79,477 ) 249,432 Accumulated other comprehensive income (loss) ( 59,015 ) ( 21,268 ) Total Viasat, Inc. stockholders' equity 4,760,621 5,025,430 Noncontrolling interest in subsidiary 85,508 47,074 Total equity 4,846,129 5,072,504 Total liabilities and equity $ 15,600,351 $ 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