← VIASAT INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $21.8m | ($68.3m) | ($66.5m) | $13.8m | $17.1m | ($2.5m) | $1.1b | ($1.1b) | ($531.1m) | $3.9m | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.1b | ($1.1b) | ($531.1m) | $3.9m | |
| Depreciation | $200.7m | $210.4m | $262.3m | $279.7m | $330.9m | $407.4m | $409.6m | $867.6m | $1.0b | $1.0b | |
| Amortization of intangible assets | $45.2m | $45.2m | $56.3m | $62.4m | $66.2m | $88.1m | $90.8m | $289.9m | $324.3m | $315.9m | |
| Amortization Cash Flow | — | — | — | — | — | — | $90.8m | $289.9m | $324.3m | $315.9m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $90.8m | $289.9m | $324.3m | $315.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $500.4m | $1.2b | $1.4b | $1.4b | |
| Deferred income taxes and other non-cash adjustments | — | — | — | — | $7.8m | ($11.8m) | $380.7m | ($111.1m) | ($107.0m) | $56.5m | |
| Deferred Income Tax | — | — | — | — | — | — | $380.7m | ($111.1m) | ($107.0m) | $56.5m | |
| Deferred Tax | — | — | — | — | — | — | $380.7m | ($111.1m) | ($107.0m) | $56.5m | |
| Disposition of fixed assets losses, ground network (FY25) and satellite (FY24) impairment, net | $35.4m | $33.0m | $42.0m | $45.6m | $39.4m | $46.8m | $45.9m | $975.4m | $152.9m | $22.8m | |
| Asset Impairment Charge | — | — | — | — | — | — | $45.9m | $975.4m | $152.9m | $22.8m | |
| Loss (gain) on extinguishment of debt, net | — | $10.2m | — | — | — | — | — | — | $99.8m | $11.9m | |
| Stock-based compensation expense | $55.8m | $68.5m | $79.6m | $86.6m | $84.9m | $86.8m | $84.5m | $83.6m | $80.4m | $81.1m | |
| Gain on sale of equity interest in unconsolidated affiliate | — | — | — | — | — | — | — | — | — | ($168.1m) | |
| Accounts receivable | $16.1m | ($12.4m) | ($46.1m) | ($44.8m) | $84.4m | ($60.5m) | ($128.1m) | ($69.2m) | ($59.7m) | ($58.2m) | |
| Inventories | ($12.4m) | ($37.6m) | ($36.6m) | ($59.0m) | ($42.5m) | ($2.3m) | ($73.1m) | ($13.4m) | $33.2m | $13.1m | |
| Other assets | ($15.3m) | ($26.0m) | ($2.3m) | ($3.3m) | $36.4m | $26.9m | $1.1m | $45.7m | $18.3m | ($6.6m) | |
| Accounts payable | $972k | $32.5m | ($5.7m) | $28.2m | ($24.4m) | $25.4m | $35.5m | ($41.5m) | $40.5m | $36.8m | |
| Accrued liabilities | $48.0m | $60.0m | $71.5m | $55.1m | $154.9m | ($48.8m) | $184.3m | ($141.6m) | $7.0m | $63.0m | |
| Other liabilities | $5.2m | $72.6m | ($1.5m) | ($24.3m) | ($28.0m) | ($49.8m) | ($51.2m) | ($139.4m) | ($186.9m) | $179.2m | |
| Purchase of property, equipment and satellites, and other assets | $514.7m | $511.6m | $636.9m | $694.0m | $827.2m | ($990.3m) | ($1.2b) | ($1.5b) | ($1.0b) | ($992.8m) | |
| Proceeds from insurance claims on satellites | — | — | $185.7m | $2.3m | — | — | — | $508.6m | $251.5m | $10.0m | |
| Proceeds from sale of equity interest in unconsolidated affiliate | — | — | — | — | — | — | — | — | — | $203.0m | |
| Distributions to minority shareholders | — | — | — | — | — | — | — | — | — | ($59.7m) | |
| Issuance of common stock in satisfaction of certain accrued employee compensation liabilities | $13.1m | $16.4m | $32.1m | $22.8m | $25.4m | $24.5m | $27.6m | $31.2m | $28.1m | $27.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $310.5m | $1.4b | $1.9b | $1.6b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($66.1m) | $1.1b | ($442.6m) | ($694.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $768.0m | ($1.3b) | ($758.4m) | ($759.0m) | |
| Change In Account Payable | — | — | — | — | — | — | $35.5m | ($41.5m) | $40.5m | $36.8m | |
| Change In Accrued Expense | — | — | — | — | — | — | $184.3m | ($141.6m) | $7.0m | $63.0m | |
| Change In Inventory | — | — | — | — | — | — | ($73.1m) | ($13.4m) | $33.2m | $13.1m | |
| Change In Other Current Assets | — | — | — | — | — | — | $1.1m | $45.7m | $18.3m | ($6.6m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($51.2m) | ($139.4m) | ($186.9m) | $179.2m | |
| Change In Payable | — | — | — | — | — | — | $35.5m | ($41.5m) | $40.5m | $36.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $219.8m | ($183.1m) | $47.4m | $99.8m | |
| Change In Receivables | — | — | — | — | — | — | ($128.1m) | ($69.2m) | ($59.7m) | ($58.2m) | |
| Change In Working Capital | — | — | — | — | — | — | ($31.6m) | ($359.3m) | ($147.6m) | $227.3m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($128.1m) | ($69.2m) | ($59.7m) | ($58.2m) | |
| Changes In Cash | — | — | — | — | — | — | $1.1b | $521.4m | ($292.8m) | $136.4m | |
| End Cash Position | — | — | — | — | — | — | $1.4b | $1.9b | $1.6b | $1.7b | |
| Financing Cash Flow | — | — | — | — | — | — | ($66.1m) | $1.1b | ($442.6m) | ($694.4m) | |
| Free Cash Flow | — | — | — | — | — | — | ($796.5m) | ($851.2m) | ($122.0m) | $597.1m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($1.7b) | $0 | $0 | ($168.1m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $46.8m | $45.9m | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | $768.0m | ($1.3b) | ($758.4m) | ($759.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $1.9b | ($342.6m) | $0 | $203.0m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($52.0m) | ($87.3m) | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($1.2b) | ($1.5b) | ($1.0b) | ($992.8m) | |
| Operating Gains Losses | — | — | — | — | — | $46.8m | ($1.7b) | — | $99.8m | ($156.1m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $21.7m | $19.3m | $18.0m | $18.1m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($342.6m) | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | ($52.0m) | ($87.3m) | — | — | — | |
| Purchase Of PPE | — | $511.6m | $636.9m | $694.0m | $827.2m | $938.3m | ($1.2b) | ($1.5b) | ($1.0b) | ($992.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($46.5m) | ($11.7m) | ($5.5m) | ($18.3m) | |
| Sale Of Business | — | — | — | — | — | — | $1.9b | $0 | $0 | $203.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $84.5m | $83.6m | $80.4m | $81.1m | |
| Net cash provided by (used in) operating activities | $411.3m | $358.6m | $327.6m | $436.9m | $727.2m | $505.6m | $367.9m | $688.2m | $908.2m | $1.6b | |
| Capital expenditures not paid for during the period | $29.8m | $41.1m | $40.6m | $43.6m | $32.6m | $67.9m | $72.6m | $4.6m | — | $42.5m | |
| Payment related to acquisition of business, net of cash acquired | ($16.5m) | — | ($2.3m) | — | — | ($139.5m) | — | ($342.6m) | — | — | |
| Payments to acquire short-term investments | — | — | — | — | — | — | — | ($82.0m) | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $82.3m | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | ($82.0m) | $0 | $0 | |
| Proceeds from sale of short-term investments | — | — | — | — | — | — | — | $164.3m | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $164.3m | $0 | $0 | |
| Other investing activities | — | — | — | — | — | — | — | — | $20.3m | $20.8m | |
| Net Other Investing Changes | — | — | — | — | — | — | — | $508.6m | $271.8m | $30.8m | |
| Net cash provided by (used in) investing activities | ($715.0m) | ($584.5m) | ($489.4m) | ($758.8m) | ($885.3m) | ($1.1b) | $768.0m | ($1.3b) | ($758.4m) | ($759.0m) | |
| Proceeds from debt borrowings | — | $752.5m | $1.1b | $420.0m | $400.0m | $1.3b | $540.0m | $1.7b | $2.0b | $175.9m | |
| Payments of debt issuance costs | ($6.7m) | ($9.8m) | ($9.8m) | ($2.5m) | ($5.1m) | ($6.3m) | ($1.5m) | ($53.2m) | ($36.3m) | ($2.7m) | |
| Issuance Of Debt | — | — | — | — | — | — | $540.0m | $1.7b | $2.0b | $175.9m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $540.0m | $1.7b | $2.0b | $175.9m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($36.5m) | $1.2b | ($415.7m) | ($633.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($36.5m) | $1.2b | ($415.7m) | ($633.2m) | |
| Payments on debt borrowings | — | ($575.0m) | ($732.8m) | ($59.7m) | ($420.6m) | ($610.4m) | ($576.5m) | ($567.0m) | ($2.4b) | ($809.1m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($576.5m) | ($567.0m) | ($2.4b) | ($809.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($576.5m) | ($567.0m) | ($2.4b) | ($809.1m) | |
| Proceeds from issuance of common stock under equity plans | $22.4m | $26.2m | $26.3m | $38.4m | $19.1m | $20.5m | $21.7m | $19.3m | $18.0m | $18.1m | |
| Issuance of common stock in connection with acquisition | $5.0m | — | — | — | — | $207.2m | — | $2.1b | — | — | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($46.5m) | ($11.7m) | ($5.5m) | ($18.3m) | |
| Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation | ($21.7m) | ($24.2m) | ($28.8m) | ($28.8m) | ($13.7m) | ($23.0m) | ($16.5m) | ($11.7m) | ($5.5m) | ($18.3m) | |
| Common Stock Payments | — | — | — | — | — | — | ($46.5m) | ($11.7m) | ($5.5m) | ($18.3m) | |
| Other financing activities | ($1.8m) | ($1.8m) | ($10.3m) | ($2.3m) | ($4.9m) | ($3.3m) | ($3.3m) | $448k | ($3.1m) | $1.4m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.8m) | ($52.7m) | ($39.4m) | ($61.0m) | |
| Net cash provided by (used in) financing activities | $392.8m | $165.8m | $354.6m | $365.2m | $149.7m | $643.6m | ($66.1m) | $1.1b | ($442.6m) | ($694.4m) | |
| Effect of exchange rate changes on cash | ($1.1m) | $1.4m | ($2.5m) | ($712k) | $5k | ($4.9m) | ($843k) | $275k | $3.8m | ($1.7m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($843k) | $275k | $3.8m | ($1.7m) | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | — | ($58.7m) | $190.3m | $42.6m | ($8.4m) | $14.5m | $1.1b | $521.6m | ($288.9m) | $134.7m | |
| Cash and cash equivalents and restricted cash at beginning of fiscal year | — | $71.4m | $261.7m | $304.3m | $295.9m | $310.5m | $1.4b | $1.4b | $1.6b | $1.7b | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $1.1b | $521.6m | ($288.9m) | $134.7m | |
| Cash paid for interest (net of amounts capitalized) | $10.1m | $3.7m | $35.1m | $27.8m | $23.5m | $14.6m | $11.0m | $229.0m | $390.0m | $326.5m | |
| Cash paid for income taxes, net | $1.5m | $4.0m | $1.8m | $10.9m | $6.7m | $17.1m | $16.5m | $200.6m | $196.3m | $80.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.