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Basis of Presentation (Tables)
6 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Summary of Disaggregation of Revenue by Segment and Product and Services

The following sets forth disaggregated reported revenue by segment and product and services for the three and six months ended September 30, 2022 and 2021 (as noted above, revenue information excludes revenues from the Link-16 TDL Business, which have been classified as discontinued operations):

 

 

 

 

Three Months Ended September 30, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

159,831

 

 

$

95,030

 

 

$

254,861

 

Service revenues

 

 

300,547

 

 

 

20,196

 

 

 

81,079

 

 

 

401,822

 

Total revenues

 

$

300,547

 

 

$

180,027

 

 

$

176,109

 

 

$

656,683

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

253,406

 

 

$

170,700

 

 

$

424,106

 

Service revenues

 

 

612,647

 

 

 

39,405

 

 

 

151,959

 

 

 

804,011

 

Total revenues

 

$

612,647

 

 

$

292,811

 

 

$

322,659

 

 

$

1,228,117

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2021

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

118,935

 

 

$

102,120

 

 

$

221,055

 

Service revenues

 

 

300,110

 

 

 

15,871

 

 

 

72,121

 

 

 

388,102

 

Total revenues

 

$

300,110

 

 

$

134,806

 

 

$

174,241

 

 

$

609,157

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2021

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

220,466

 

 

$

206,231

 

 

$

426,697

 

Service revenues

 

 

574,227

 

 

 

32,936

 

 

 

146,077

 

 

 

753,240

 

Total revenues

 

$

574,227

 

 

$

253,402

 

 

$

352,308

 

 

$

1,179,937

 

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of September 30, 2022 and March 31, 2022:

 

 

 

As of
 September 30, 2022

 

 

As of
 March 31, 2022

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

83,000

 

 

$

85,383

 

Collections in excess of revenues and deferred revenues

 

 

133,639

 

 

 

131,623

 

Deferred revenues, long-term portion

 

 

82,103

 

 

 

88,983

 

Summary of Minority Interest

The following table summarizes the effect of the change in the Company's percentage ownership interest in TrellisWare on the Company's equity for the three and six months ended September 30, 2022 and 2021:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

(In thousands)

 

Net income (loss) attributable to Viasat, Inc.

 

$

(48,240

)

 

$

3,291

 

 

$

(69,804

)

 

$

20,259

 

Transfers to noncontrolling interest

 

 

(11,783

)

 

 

 

 

 

(11,783

)

 

 

 

Change from net income (loss) attributable to Viasat, Inc. and transfers from (to) noncontrolling interest

 

$

(60,023

)

 

$

3,291

 

 

$

(81,587

)

 

$

20,259