Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 112

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 112
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 agreements for the provision of engineering and support services for the transition of the Link-16 TDL Business following the closing, in each case subject to the terms and conditions set forth therein. The impact of these agreements on the Company's consolidated financial statements was not significant.

F-28

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

The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the Link-16 TDL Business that have been eliminated from continuing operations. The following table presents key components of “Net income (loss) from discontinued operations, net of tax” for the fiscal years ended March 31, 2024 and 2023: 

         Fiscal Years Ended

         March 31, 2024

         March 31, 2023

         (In thousands)

         Revenues
          
         $
         —

         $
         247,069

         Operating expenses:

         Cost of revenues

         —

         157,355

         Other operating expenses

         —

         24,062

         Net income (loss) from discontinued operations before income taxes
          
         $
         —

         $
         65,652

         Gain (loss) on disposal of discontinued operations before income taxes, net of costs to sell

         (11,000
         )

         1,661,891

         (Provision for) benefit from income taxes

         578

         (425,156
         )

         Net income (loss) from discontinued operations, net of tax
          
         $
         (10,422
         )
          
         $
         1,302,387

       The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows. The following table presents key cash flow and non-cash information related to discontinued operations for the fiscal year ended March 31, 2023: 

         Fiscal Year Ended

         March 31, 2023

         (In thousands)

         Depreciation
          
         $
         5,909

         Amortization of intangible assets

         897

         Capital expenditures

         10,950

        Note 6 — Goodwill and Acquired Intangible Assets During fiscal year 2025, the Company’s goodwill remained flat. During fiscal year 2024, the increase in the Company’s goodwill was primarily related to the In