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Basis of Presentation (Tables)
9 Months Ended
Dec. 31, 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 nine months ended December 31, 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 December 31, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

147,163

 

 

$

102,152

 

 

$

249,315

 

Service revenues

 

 

302,412

 

 

 

20,060

 

 

 

79,657

 

 

 

402,129

 

Total revenues

 

$

302,412

 

 

$

167,223

 

 

$

181,809

 

 

$

651,444

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

400,569

 

 

$

282,200

 

 

$

682,769

 

Service revenues

 

 

915,059

 

 

 

59,465

 

 

 

232,766

 

 

 

1,207,290

 

Total revenues

 

$

915,059

 

 

$

460,034

 

 

$

514,966

 

 

$

1,890,059

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2021

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

123,059

 

 

$

103,649

 

 

$

226,708

 

Service revenues

 

 

309,711

 

 

 

16,618

 

 

 

72,230

 

 

 

398,559

 

Total revenues

 

$

309,711

 

 

$

139,677

 

 

$

175,879

 

 

$

625,267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2021

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

343,525

 

 

$

314,830

 

 

$

658,355

 

Service revenues

 

 

883,938

 

 

 

49,554

 

 

 

218,585

 

 

 

1,152,077

 

Total revenues

 

$

883,938

 

 

$

393,079

 

 

$

533,415

 

 

$

1,810,432

 

Summary of Contract Assets and Liabilities

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

 

 

 

As of
 December 31, 2022

 

 

As of
 March 31, 2022

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

92,600

 

 

$

85,383

 

Collections in excess of revenues and deferred revenues

 

 

115,509

 

 

 

131,623

 

Deferred revenues, long-term portion

 

 

87,343

 

 

 

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 nine months ended December 31, 2022 and 2021:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

(In thousands)

 

Net income (loss) attributable to Viasat, Inc.

 

$

(42,228

)

 

$

(6,613

)

 

$

(112,032

)

 

$

13,646

 

Transfers to noncontrolling interest

 

 

 

 

 

 

 

 

(11,783

)

 

 

 

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

 

$

(42,228

)

 

$

(6,613

)

 

$

(123,815

)

 

$

13,646