Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 13

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 factors, and information about the customer or class of customer) that is reasonably available. 

10

VIASAT, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(UNAUDITED) 

Transaction price allocated to remaining performance obligationsThe Company’s remaining performance obligations represent the transaction price of firm contracts and orders for which work has not been performed. The Company includes in its remaining performance obligations only those contracts and orders for which it has accepted purchase orders. Remaining performance obligations associated with the Company’s subscribers for fixed consumer and business broadband services in its communication services segment exclude month-to-month service contracts in accordance with a practical expedient and are estimated using a portfolio approach in which the Company reviews all relevant promotional activities and calculates the remaining performance obligation using the average service component for the portfolio and the average time remaining under the contract. The Company’s future recurring in-flight connectivity (IFC) service contracts in its communication services segment do not have minimum service purchase requirements and therefore are not included in the Company’s remaining performance obligations. As of December 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $3.5 billion, of which the Company expects to recognize approximately half over the next 12 months, with the balance recognized thereafter. Disaggregation of revenueThe Company operates and manages its business in two segments: communication services and defense and advanced technologies. Revenue is disaggregated by products and services, business line, customer type, contract type, and geographic area, as the Company believes this approach best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors. See Note 11 — Segment Information for disaggregation of revenue by business line and additional disaggregated revenue disclosures. 

11

VIASAT, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(UNAUDITED) 

The following sets forth disaggregated reported revenue by segment and products and services for the three and nine months ended December 31, 2024 and 2023:  

          Three Months Ended December 31, 2024

          Communication Services

          Defense and Advanced Technologies

          TotalRevenues

          (In thousands)

          Service revenues
           
          $
          758,985

          $
          50,385

          $
          809,370

          Product revenues

          61,362

          253,035