$5.5 B

VSAT Mkt cap, 10-Jun-2019

$2.1 B

Viasat Revenue FY, 2019
Viasat Revenue growth (FY, 2018 - FY, 2019), %30%
Viasat Gross profit (FY, 2019)530.5 M
Viasat Gross profit margin (FY, 2019), %25.7%
Viasat Net income (FY, 2019)-67.6 M
Viasat EBIT (FY, 2019)-60.6 M
Viasat Cash, 31-Mar-2019261.7 M
Viasat EV6.6 B

Viasat Revenue

Viasat revenue was $2.07 b in FY, 2019 which is a 29.7% year over year increase from the previous period.

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Viasat Revenue Breakdown

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Viasat revenue breakdown by business segment: 46.2% from Government Systems, 20.7% from Commercial networks and 33.1% from Satellite services

Viasat revenue breakdown by geographic segment: 11.2% from Other and 88.8% from United States

Viasat Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.4b1.4b1.6b1.6b2.1b

Revenue growth, %

2%3%10%2%30%

Cost of goods sold

963.9m984.3m1.0b1.1b1.5b

Gross profit

418.6m433.1m510.4m473.8m530.5m

Gross profit Margin, %

30%31%33%30%26%

R&D expense

46.7m77.2m129.6m168.3m123.0k

General and administrative expense

270.8m298.3m333.5m385.4m458.5k

Operating expense total

335.5m392.0m473.9m566.0m591.2m

Depreciation and amortization

18.0m16.4m10.8m12.2m9.7m

EBIT

83.1m41.1m36.5m(92.2m)(60.6m)

EBIT margin, %

6%3%2%(6%)(3%)

Interest expense

31.4m25.7m12.1m4.0m50.0m

Interest income

2.0m2.2m1.0m960.0k149.0k

Pre tax profit

53.7m17.6m25.4m(105.5m)(110.5m)

Income tax expense

13.8m(4.2m)3.6m(35.2m)(41.0m)

Net Income

38.2m21.7m23.8m(67.3m)(67.6m)

Viasat Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

52.3m42.1m130.1m71.4m261.7m

Accounts Receivable

266.3m286.7m263.7m267.7m300.3m

Prepaid Expenses

44.7m47.6m57.8m77.1m90.6m

Inventories

128.4m145.2m163.2m196.3m234.5m

Current Assets

491.7m521.6m614.9m612.6m887.2m

PP&E

762.2m898.2m1.1b1.2b1.2b

Goodwill

117.2m117.0m119.9m121.1m121.7m

Total Assets

2.2b2.4b3.0b3.4b3.9b

Accounts Payable

76.9m95.6m100.3m157.5m157.3m

Short-term debt

288.0k45.3m19.9m

Current Liabilities

268.3m280.0m325.5m466.5m485.5m

Long-term debt

806.4m945.5m848.5m978.4m1.3b

Total Debt

806.4m945.5m848.8m1.0b1.3b

Total Liabilities

1.1b1.3b1.2b1.6b2.0b

Common Stock

5.0k5.0k6.0k6.0k6.0k

Additional Paid-in Capital

786.5m855.4m1.4b1.5b1.7b

Retained Earnings

252.0m273.7m297.5m286.0m245.6m

Total Equity

1.0b1.1b1.7b1.8b1.9b

Debt to Equity Ratio

0.8 x0.8 x0.5 x0.6 x0.7 x

Debt to Assets Ratio

0.4 x0.4 x0.3 x0.3 x0.3 x

Financial Leverage

2.1 x2.1 x1.7 x1.8 x2 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

42.5m46.4m63.9m47.3m51.3m284.9m160.6m242.7m161.8m54.8m44.5m43.4m

Accounts Receivable

294.5m304.5m259.8m262.7m276.5m254.8m215.1m251.9m228.0m236.1m268.8m295.3m

Prepaid Expenses

47.2m47.8m48.4m53.5m49.3m53.6m66.2m72.4m76.4m103.0m233.3m115.8m

Inventories

127.3m123.3m141.3m155.5m151.6m158.5m177.9m181.4m182.1m220.0m232.1m230.1m

Current Assets

569.6m584.1m580.7m518.9m528.7m751.7m619.7m748.4m648.3m613.9m785.8m684.7m

PP&E

779.0m799.8m729.9m961.3m1.0b1.0b1.1b1.2b1.2b1.3b1.1b1.2b

Goodwill

117.7m117.4m117.2m116.6m116.4m119.6m120.4m120.6m120.7m122.5m122.7m121.5m

Total Assets

2.2b2.2b2.3b2.5b2.6b2.9b3.1b3.3b3.3b3.5b3.6b3.6b

Accounts Payable

73.4m80.4m82.1m94.4m97.8m79.5m84.0m101.1m115.1m149.5m165.3m160.9m

Short-term debt

19.3m22.9m45.6m45.3m47.7m21.8m

Current Liabilities

227.3m252.4m248.9m251.3m284.2m278.6m307.5m331.0m386.6m447.2m463.4m474.9m

Long-term debt

861.5m859.1m937.0m1.0b1.1b847.1m830.8m996.5m976.1m1.1b1.2b691.8m

Total Debt

861.5m859.1m937.0m1.0b1.1b847.1m850.1m1.0b1.0b1.1b1.2b713.6m

Total Liabilities

1.1b1.1b1.2b1.3b1.4b1.2b1.2b1.4b1.5b1.7b1.7b1.7b

Common Stock

5.0k5.0k5.0k5.0k5.0k6.0k6.0k6.0k6.0k6.0k6.0k6.0k

Additional Paid-in Capital

814.2m832.1m839.5m887.6m909.1m1.4b1.5b1.5b1.5b1.6b1.6b1.6b

Retained Earnings

254.6m259.5m269.3m275.6m286.6m290.8m346.4m332.8m308.1m277.8m252.1m243.1m

Total Equity

1.1b1.1b1.1b1.2b1.2b1.7b1.8b1.8b1.8b1.9b1.9b1.9b

Debt to Equity Ratio

0.8 x0.8 x0.8 x0.9 x0.9 x0.5 x0.5 x0.6 x0.6 x0.6 x0.6 x0.4 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x0.4 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.2 x

Financial Leverage

2 x2 x2.1 x2.1 x2.2 x1.7 x1.7 x1.8 x1.8 x1.9 x1.9 x1.9 x

Viasat Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

39.9m21.8m21.8m(68.3m)(66.5m)

Depreciation and Amortization

221.4m242.1m245.9m255.7m318.6m

Accounts Receivable

3.7m(26.3m)16.1m(12.4m)(46.1m)

Inventories

(1.2m)(26.7m)(12.4m)(37.6m)(36.6m)

Accounts Payable

862.0k5.3m972.0k32.5m(5.7m)

Cash From Operating Activities

349.5m296.9m411.3m358.6m327.6m

Purchases of PP&E

(366.5m)(377.9m)(514.7m)(511.6m)(636.9m)

Cash From Investing Activities

(476.6m)(456.3m)(715.0m)(584.5m)(489.4m)

Cash From Financing Activities

121.5m149.1m392.8m165.8m354.6m

Net Change in Cash

(6.1m)(10.2m)88.0m(58.7m)190.3m

Interest Paid

29.6m21.8m10.1m3.7m35.1m

Income Taxes Paid

494.0k1.4m1.5m4.0m1.8m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

2.5m7.4m17.4m2.2m12.9m17.5m(9.2m)(23.1m)(48.8m)(35.5m)(61.1m)(71.8m)

Depreciation and Amortization

57.3m118.4m182.2m60.0m121.8m183.4m63.9m124.8m186.4m77.8m157.3m238.1m

Accounts Receivable

(30.5m)(41.1m)3.2m21.9m6.5m26.7m46.5m7.7m29.6m24.1m(10.6m)(38.9m)

Inventories

(3.1m)(4.5m)(20.1m)(11.7m)(2.1m)(9.8m)(15.2m)(12.5m)(24.1m)(22.2m)(34.2m)(32.2m)

Accounts Payable

(3.4m)(3.7m)(8.7m)(18.3m)(8.9m)(7.8m)(11.2m)(7.7m)5.8m(386.0k)19.9m4.2m

Cash From Operating Activities

18.0m107.5m219.5m62.1m191.6m312.7m153.7m185.8m282.6m53.8m111.3m214.7m

Purchases of PP&E

(66.0m)(137.5m)(283.2m)(120.6m)(260.0m)(390.2m)(109.8m)(206.6m)(354.4m)(146.6m)(333.5m)(491.8m)

Cash From Investing Activities

(86.7m)(173.6m)(339.6m)(142.1m)(299.1m)(463.4m)(128.1m)(243.6m)(409.6m)(160.9m)(299.1m)(340.4m)

Cash From Financing Activities

58.8m60.2m131.7m85.3m116.9m394.0m4.9m169.8m157.9m91.7m169.3m100.6m

Net Change in Cash

(9.8m)(5.9m)11.6m5.2m9.2m242.9m30.5m112.6m31.7m(16.7m)(19.8m)(28.1m)

Viasat Ratios

USDY, 2019

EV/EBIT

-108.2 x

EV/CFO

20 x

Revenue/Employee

369.3k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2 x

Viasat Operating Metrics

Viasat's Backlog was reported to be $1.9b in FY, 2019. Viasat's Subscribers was reported to be 586 k in FY, 2019.

Viasat Employee Rating

4.5616 votes
Culture & Values
4.6
Work/Life Balance
4.6
Senior Management
4.3
Salary & Benefits
4.3
Career Opportunities
4.3
Source