| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income (loss) | ||||||||||
-66,469 | -68,275 | 21,767 | 21,770 | 39,891 | -8,657 | -40,629 | 7,598 | 36,424 | 30,839 | 38,447 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
262,289 | 210,441 | 200,686 | 193,086 | 179,542 | 159,089 | 134,133 | 101,507 | 83,629 | 37,373 | 18,658 |
Amortization of intangible assets | ||||||||||
56,324 | 45,211 | 45,236 | 48,990 | 41,891 | 25,975 | 23,038 | 24,004 | 19,424 | 9,582 | 9,952 |
Deferred income taxes | ||||||||||
-43,813 | -36,558 | -218 | -5,003 | 12,420 | -27,182 | -50,728 | -13,330 | -4,098 | 4,229 | -5,285 |
Stock-based compensation expense | ||||||||||
79,599 | 68,545 | 55,775 | 47,510 | 39,353 | 33,639 | 27,035 | 21,382 | 17,440 | 12,212 | 9,837 |
Loss on disposition of fixed assets | ||||||||||
-41,957 | -32,978 | -35,431 | -33,960 | -31,997 | -33,752 | -12,109 | -5,814 | -6,999 | -594 | -193 |
Loss on extinguishment of debt | ||||||||||
- | -10,217 | - | - | - | - | - | - | - | - | - |
Other non-cash adjustments | ||||||||||
-18,483 | -6,883 | -10,018 | -8,957 | -4,778 | -6,153 | -4,301 | -1,793 | -503 | -2,483 | 211 |
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition: | ||||||||||
Accounts receivable | ||||||||||
46,108 | 12,439 | -16,071 | 26,342 | -3,745 | 9,219 | 57,124 | 21,026 | 14,138 | 1,117 | 9,103 |
Inventories | ||||||||||
36,593 | 37,562 | 12,386 | 26,749 | 1,217 | 11,422 | -21,233 | 25,271 | 14,030 | 9,367 | 5,338 |
Other assets | ||||||||||
2,349 | 25,975 | 15,259 | 3,335 | 16,328 | 6,561 | 15,471 | 9,266 | -3,151 | -1,504 | 2,653 |
Accounts payable | ||||||||||
-5,714 | 32,503 | 972 | 5,250 | 862 | -7,404 | 4,564 | 7,679 | 6,644 | 2,965 | 1,740 |
Accrued liabilities | ||||||||||
71,478 | 60,042 | 48,039 | -337 | 20,017 | 17,730 | 9,406 | 33,280 | 32,441 | 20,612 | 2,654 |
Other liabilities | ||||||||||
-1,533 | 72,622 | 5,166 | -820 | -7,435 | -753 | 6,123 | 7,285 | -4,772 | 637 | 2,629 |
Net cash provided by operating activities | ||||||||||
327,551 | 358,633 | 411,298 | 296,937 | 349,516 | 205,140 | 91,798 | 141,449 | 169,617 | 112,546 | 61,942 |
Cash flows from investing activities: | ||||||||||
Purchase of property, equipment and satellites | ||||||||||
636,855 | 511,634 | 514,692 | 377,894 | 366,492 | 307,625 | 176,295 | 204,973 | 208,285 | 134,543 | 117,194 |
Cash paid for patents, licenses and other assets | ||||||||||
49,965 | 72,853 | 70,966 | 72,731 | 52,686 | 44,461 | 25,270 | 24,049 | 15,986 | 13,796 | 8,028 |
Proceeds from insurance claims on ViaSat-2 satellite | ||||||||||
185,700 | - | - | - | - | - | - | - | - | - | - |
Proceeds from sale of real property | ||||||||||
14,034 | - | 27,559 | - | - | - | - | - | - | - | - |
Payments related to acquisition of business, net of cash acquired | ||||||||||
2,339 | - | 16,528 | 4,402 | 57,376 | 2,400 | - | - | 13,456 | 377,987 | 925 |
Investment in unconsolidated affiliate | ||||||||||
- | - | 140,378 | 1,258 | - | - | - | - | - | - | - |
Change in restricted cash, net | ||||||||||
- | - | - | - | - | - | - | - | - | -7,298 | - |
Net cash used in investing activities | ||||||||||
-489,419 | -584,487 | -715,005 | -456,285 | -476,554 | -354,486 | -201,565 | -229,022 | -237,727 | -519,028 | -126,147 |
Cash flows from financing activities: | ||||||||||
Proceeds from issuance of Notes | ||||||||||
600,000 | 700,000 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of 2025 Notes | ||||||||||
- | - | - | - | - | - | - | 275,000 | - | 271,582 | - |
Payment of debt issuance costs | ||||||||||
9,767 | 9,759 | 6,677 | 840 | 2,757 | 2,512 | 8,059 | 5,706 | 2,775 | 12,781 | - |
Proceeds from issuance of common stock under equity plans | ||||||||||
26,330 | 26,165 | 22,403 | 22,309 | 23,202 | 18,617 | 31,001 | 19,341 | 26,398 | 23,085 | 6,742 |
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation | ||||||||||
28,826 | 24,206 | 21,670 | 16,397 | 14,788 | 15,588 | 8,412 | 7,451 | 5,880 | 10,326 | 667 |
Proceeds from common stock issued in public offering, net of issuance costs | ||||||||||
- | - | 503,061 | - | - | - | - | - | - | 100,533 | - |
Incremental tax benefits from stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | 867 | 0 | 346 |
Payment on secured borrowing | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,720 |
Proceeds from noncontrolling interest capital contribution | ||||||||||
- | 8,491 | - | - | - | - | - | - | - | - | 1,500 |
Other financing activities | ||||||||||
-10,280 | -1,816 | -1,802 | -1,784 | -3,107 | -3,690 | - | -1,386 | - | - | - |
Net cash provided by financing activities | ||||||||||
354,617 | 165,776 | 392,784 | 149,122 | 121,464 | 101,827 | 42,948 | 219,798 | 18,610 | 432,093 | 3,201 |
Effect of exchange rate changes on cash | ||||||||||
-2,494 | 1,426 | -1,067 | 51 | -510 | 128 | -26 | -132 | 359 | 529 | -681 |
Net decrease in cash and cash equivalents | ||||||||||
190,255 | -58,652 | 88,010 | -10,175 | -6,084 | -47,391 | -66,845 | 132,093 | -49,141 | 26,140 | -61,685 |
Cash paid for interest (net of amounts capitalized) | ||||||||||
35,119 | 3,722 | 10,094 | 21,787 | 29,645 | 34,446 | 32,004 | 5,964 | 2,797 | 6,287 | 413 |
Cash paid for income taxes, net | ||||||||||
1,758 | 4,021 | 1,468 | 1,380 | 494 | 1,185 | 931 | -3,966 | -6,563 | 7,784 | 13,287 |
Non-cash investing and financing activities: | ||||||||||
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities | ||||||||||
32,129 | 16,409 | 13,080 | 11,609 | 10,194 | 8,018 | 7,060 | 6,340 | 5,096 | 5,090 | - |
Capital expenditures not paid for | ||||||||||
40,619 | 41,149 | 29,813 | 60,796 | 6,584 | 30,237 | 747 | 26,102 | - | - | - |
Debt issuance costs not paid for | ||||||||||
2,479 | - | - | - | - | - | - | - | - | - | - |
Capitalization of non-cash portion of interest expense and stock-based compensation to constructed assets | ||||||||||
- | - | - | - | - | - | - | - | 3,261 | 966 | - |
Fair value of assets acquired in business combinations, excluding cash acquired | ||||||||||
- | - | - | - | - | - | - | - | 22,699 | 536,732 | - |
Liabilities assumed in business combinations | ||||||||||
- | - | - | - | - | - | - | - | 4,613 | 26,857 | - |
Issuance of common stock in connection with license right obtained | ||||||||||
- | - | - | - | - | - | - | - | - | 303 | - |
2020 Notes [Member] | ||||||||||
Loss on extinguishment of debt | ||||||||||
- | -10,217 | - | - | - | - | - | - | - | - | - |
Repayment of 2020 Notes | ||||||||||
- | 575,000 | - | - | - | - | - | - | - | - | - |
Payment of debt extinguishment costs | ||||||||||
- | 10,602 | - | - | - | - | - | - | - | - | - |
Revolving Credit Facility [Member] | ||||||||||
Proceeds from credit facility borrowings | ||||||||||
510,000 | - | 90,000 | - | - | - | - | 130,000 | 40,000 | 263,000 | 10,000 |
Payments of credit facility borrowings | ||||||||||
510,000 | - | 270,000 | - | - | - | - | 190,000 | 40,000 | 203,000 | 10,000 |
Ex-Im Credit Facility [Member] | ||||||||||
Proceeds from credit facility borrowings | ||||||||||
- | 52,503 | 77,469 | - | - | - | - | - | - | - | - |
Payments of credit facility borrowings | ||||||||||
222,840 | - | - | - | - | - | - | - | - | - | - |
Exposure fees on Ex-Im credit facility financed through Ex-Im credit facility | ||||||||||
- | 5,764 | 8,505 | - | - | - | - | - | - | - | - |