VIASAT INC VSAT Income Statement

Viasat inc (VSAT)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Revenues:
Total revenues
588,224	592,256	537,037	557,221	554,694	517,474	438,869	439,670	381,837	393,074	380,044	416,419	380,630	399,158	363,130	371,964	347,759	353,330	344,378	364,753	339,553	358,758	319,471	343,924	332,555	353,881	321,102	308,663	286,442	282,822	241,763	240,538	204,964	223,024	195,101	216,372	195,941	197,889	192,004	212,642	156,364	160,666	158,408
Product revenues
-	-	-	-	-	-	-	-	-	-	-	-	169,574	187,235	160,676	176,523	156,290	163,660	168,348	191,722	174,299	193,924	168,129	199,340	193,846	210,391	182,161	183,519	164,694	168,475	147,729	151,045	121,862	146,611	122,546	144,916	126,434	127,586	125,002	146,185	137,146	151,342	149,401
Service revenues
-	-	-	-	-	-	-	-	-	-	-	-	211,056	211,923	202,454	195,441	191,469	189,670	176,030	173,031	165,254	164,834	151,342	144,584	138,709	143,490	138,941	125,144	121,748	114,347	94,034	89,493	83,102	76,413	72,555	71,456	69,507	70,303	67,002	66,457	19,218	9,324	9,007
Operating expenses:
Cost of product revenues
-	-	-	-	-	-	-	-	-	-	-	-	124,579	136,825	120,680	133,414	113,823	116,179	125,830	136,726	123,675	130,088	128,994	144,338	140,530	157,573	129,414	135,253	119,250	121,421	109,049	113,137	89,463	107,909	92,285	111,771	95,009	88,451	94,714	99,421	98,708	104,825	105,572
Cost of service revenues
-	-	-	-	-	-	-	-	-	-	-	-	130,967	134,241	127,582	129,125	123,770	124,595	117,609	113,848	110,237	111,605	108,741	106,415	102,606	104,511	105,893	97,092	92,145	95,382	78,569	72,349	57,318	54,204	49,316	37,941	41,923	41,697	39,062	42,245	11,613	6,831	6,141
Selling, general and administrative
136,005	127,391	125,132	118,130	114,566	113,120	112,642	106,038	100,125	90,084	89,173	96,562	80,282	77,224	79,400	77,536	76,351	73,351	71,107	76,379	70,962	54,404	69,096	74,059	69,100	73,593	64,781	68,070	62,209	54,079	56,501	49,976	45,640	44,379	41,733	42,979	40,413	41,952	38,921	42,636	34,416	28,927	26,916
Independent research and development
32,164	34,314	33,474	29,383	28,928	31,360	33,373	36,865	40,149	46,268	45,065	39,857	34,436	30,177	25,177	21,615	19,169	20,792	15,608	13,493	11,850	11,547	9,780	16,586	15,143	14,918	14,089	11,709	7,612	8,758	7,369	6,490	5,999	6,809	5,694	7,114	6,661	7,622	7,314	5,766	7,864	6,692	7,003
Amortization of acquired intangible assets
1,856	2,027	2,037	2,280	2,487	2,435	2,453	2,474	3,177	3,320	3,260	3,223	2,775	2,277	2,513	2,780	4,261	4,587	4,810	4,628	4,651	4,658	4,029	3,665	3,652	3,796	3,501	3,519	3,960	4,041	4,064	4,441	4,752	4,767	4,772	4,782	4,923	5,094	4,610	4,726	1,901	1,362	1,505
Income (loss) from operations
13,969	18,425	-8,065	9,423	6,007	-21,571	-54,479	-33,051	-25,326	-15,860	-17,950	2,676	7,591	18,414	7,778	7,494	10,385	13,826	9,414	19,679	18,178	46,456	-1,169	-1,139	1,524	-510	3,424	-6,980	1,266	-859	-13,789	-5,855	1,792	4,956	1,301	11,785	7,012	13,073	7,383	17,848	1,862	12,029	11,271
Other income (expense):
Interest income
179	413	925	53	31	29	36	178	512	177	93	213	243	229	323	415	517	598	696	793	857	346	26	7	3	4	21	30	38	45	60	1	20	13	26	75	46	63	139	41	382	101	97
Interest expense
9,276	9,540	11,174	9,716	14,896	14,074	11,324	3,773	0	197	56	279	2,362	4,308	5,134	6,405	6,063	6,696	6,584	6,842	7,640	8,337	8,629	8,737	9,169	9,869	10,163	10,222	10,672	11,553	11,546	-	331	211	-	3	60	950	2,141	4,824	2,121	230	179
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-10,217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,501	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
4,872	9,298	-18,314	-240	-8,858	-35,616	-65,767	-36,646	-24,814	-26,097	-17,913	2,610	5,472	14,335	2,967	1,504	4,839	7,728	3,526	13,630	11,395	38,465	-9,772	-9,869	-7,642	-10,375	-6,718	-17,172	-35,869	-12,367	-25,275	-13,619	1,481	4,758	1,327	11,857	6,998	12,186	5,381	13,065	123	11,900	11,189
Benefit from (provision for) income taxes
-3,900	2,400	-7,200	-5,314	3,200	-9,700	-29,200	-16,773	2,200	-11,464	-9,180	-1,639	850	3,596	810	-2,883	-5,105	2,808	1,007	6,194	-3,389	14,473	-3,451	-6,378	-1,682	-12,656	-5,231	-19,447	-15,255	-4,510	-10,842	-6,336	-3,637	-3,411	-267	-439	-5,929	4,385	1,981	2,673	-2,940	2,808	2,897
Equity in income of unconsolidated affiliate, net
1,807	1,154	1,367	268	1,351	314	1,065	385	1,365	741	-513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
10,590	8,062	-9,737	5,363	-10,737	-25,598	-35,497	-19,516	-25,621	-13,892	-9,246	4,249	4,622	10,739	2,157	4,387	9,944	4,920	2,519	7,436	14,784	23,992	-6,321	-3,491	-5,960	2,281	-1,487	2,275	-20,614	-7,857	-14,433	-7,283	5,118	8,169	1,594	12,296	12,927	7,801	3,400	10,392	3,063	9,092	8,292
Less: net income (loss) attributable to noncontrolling interests, net of tax
4,114	4,868	1,731	2,848	-333	126	-1,487	430	-990	-203	-207	-2,401	379	-280	302	-63	197	-16	-89	-113	-27	45	-377	25	33	384	347	344	162	50	-13	-235	-22	194	165	466	-3	-15	-139	540	-183	-83	23
Net income (loss) attributable to Viasat, Inc.
6,476	3,194	-11,468	2,515	-10,404	-25,724	-34,010	-19,946	-24,631	-13,689	-9,039	6,650	4,243	11,019	1,855	4,450	9,747	4,936	2,608	7,549	14,811	23,947	-5,944	-3,516	-5,993	1,897	-1,834	1,931	-20,776	-7,907	-14,420	-7,378	5,140	7,975	1,759	12,144	12,924	7,786	3,261	10,446	3,246	9,175	8,269
Basic net income (loss) per share attributable to Viasat, Inc. common stockholders
0.10	0.05	-0.19	0.04	-0.17	-0.43	-0.57	-0.33	-0.42	-0.24	-0.16	0.11	0.08	0.22	0.04	0.10	0.20	0.10	0.05	0.17	0.31	0.51	-0.13	-0.08	-0.13	0.04	-0.04	0.04	-0.47	-0.18	-0.33	-0.17	0.12	0.19	0.04	0.30	0.31	0.19	0.08	0.28	0.10	0.29	0.27
Diluted net income (loss) per share attributable to Viasat, Inc. common stockholders
0.10	0.05	-0.19	0.04	-0.17	-0.43	-0.57	-0.33	-0.42	-0.24	-0.16	0.11	0.08	0.22	0.04	0.09	0.20	0.10	0.05	0.16	0.31	0.50	-0.13	-0.08	-0.13	0.04	-0.04	0.04	-0.47	-0.18	-0.33	-0.17	0.12	0.18	0.04	0.28	0.30	0.18	0.08	0.27	0.09	0.28	0.25
Shares used in computing basic net income (loss) per share
61,813	61,480	60,917	60,674	60,152	59,734	59,208	59,043	58,638	58,229	57,842	57,660	52,976	49,503	49,133	49,021	48,712	48,205	47,918	47,790	47,375	46,863	46,528	46,447	45,935	45,484	45,110	44,738	44,189	43,615	43,182	42,903	42,452	42,142	41,803	41,619	41,205	40,640	39,968	36,489	32,777	31,616	31,198
Shares used in computing diluted net income (loss) per share
62,916	62,761	60,917	60,674	60,152	59,734	59,208	59,043	58,638	58,229	57,842	58,866	54,015	50,533	50,170	50,185	49,630	49,125	48,840	50,157	48,439	48,016	46,528	44,864	45,935	47,067	45,110	44,738	44,189	43,615	43,182	44,928	44,333	43,894	43,749	44,042	43,352	42,717	42,125	38,901	34,725	33,047	32,683
Comprehensive income (loss):
Net income (loss)
10,590	8,062	-9,737	5,363	-10,737	-25,598	-35,497	-19,516	-25,621	-13,892	-9,246	4,249	4,622	10,739	2,157	4,387	9,944	4,920	2,519	7,436	14,784	23,992	-6,321	-3,491	-5,960	2,281	-1,487	2,275	-20,614	-7,857	-14,433	-7,283	5,118	8,169	1,594	12,296	12,927	7,801	3,400	10,392	3,063	9,092	8,292
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on hedging, net of tax
184	3	45	96	-50	38	-326	-14	-28	17	92	21	-124	21	-100	116	-88	-20	114	-1	16	-47	7	44	-94	192	77	-85	121	129	-89	132	137	-593	-128	-	-	-	-	-	-	-	-
Foreign currency translation adjustments, net of tax
-2,371	-1,436	-2,284	-1,820	-1,279	-7,104	203	2,335	3,619	6,321	3,525	-59	-1,331	-175	-764	-213	-235	-681	867	-772	-749	-1,212	592	167	247	1,116	-42	-1,141	-55	899	-612	549	-241	-1,002	308	-	-	-	-	-	-	-	-
Other comprehensive loss, net of tax
-2,187	-1,433	-2,239	-1,709	-1,329	-7,066	-123	2,306	3,591	6,338	3,617	-38	-1,455	-154	-864	-97	-323	-701	981	-773	-733	-1,259	599	211	153	1,308	35	-1,226	66	1,028	-701	681	-104	-1,595	180	-	-	-	-	-	-	-	-
Comprehensive income (loss)
8,403	6,629	-11,976	3,654	-12,066	-32,664	-35,620	-17,210	-22,030	-7,554	-5,629	4,211	3,167	10,585	1,293	4,290	9,621	4,219	3,500	6,663	14,051	22,733	-5,722	-3,280	-5,807	3,589	-1,452	1,049	-20,548	-6,829	-15,134	-6,602	5,014	6,574	1,774	-	-	-	-	-	-	-	-
Less: comprehensive income (loss) attributable to noncontrolling interests, net of tax
4,114	4,868	1,731	2,848	-333	126	-1,487	430	-990	-203	-207	-2,401	379	-280	302	-63	197	-16	-89	-113	-27	45	-377	25	33	384	347	344	162	50	-13	95	-22	194	-165	-	-	-	-	-	-	-	-
Comprehensive income (loss) attributable to Viasat, Inc.
4,289	1,761	-13,707	806	-11,733	-32,790	-34,133	-17,640	-21,040	-7,351	-5,422	6,612	2,788	10,865	991	4,353	9,424	4,235	3,589	6,776	14,078	22,688	-5,345	-3,305	-5,840	3,205	-1,799	705	-20,710	-6,879	-15,121	-6,697	5,036	6,380	1,939	-	-	-	-	-	-	-	-
Product [Member]
Total revenues
303,090	306,830	263,615	292,262	301,865	280,435	218,129	-	175,957	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
214,098	223,075	196,940	218,104	226,020	216,900	173,448	-	126,437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Total revenues
285,134	285,426	273,422	264,959	252,829	237,039	220,740	-	205,880	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
190,132	187,024	187,519	179,901	176,686	175,230	171,432	-	137,275	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-