Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 55

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 date to receive interest due on the relevant interest payment date).

Note 8 — Related-Party Transactions In the normal course of business, the Company engages in transactions with its equity method investments (Navarino UK and JSAT Mobile), which are considered related-party transactions. The Company recognized revenue from Navarino UK and JSAT Mobile in the amounts of $16.2 million and $17.3 million for the three months ended December 31, 2024 and 2023, respectively, and $50.0 million and $42.6 million for the nine months ended December 31, 2024 and 2023, respectively. The Company received cash of $16.2 million and $18.0 million from Navarino UK and JSAT Mobile for the three months ended December 31, 2024 and 2023, respectively, and $52.4 million and $43.1 million for the nine months ended December 31, 2024 and 2023, respectively. Accounts receivable from Navarino UK and JSAT Mobile as of December 31, 2024 and March 31, 2024 was $9.4 million and $13.2 million, respectively.

Note 9 — Commitments and Contingencies From time to time, the Company enters into satellite construction agreements as well as various other satellite-related purchase commitments, including with respect to the provision of launch services, operation of its satellites and satellite insurance. See Note 14 — Commitments to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2024 for information regarding the Company’s future minimum payments under its satellite construction contracts and other satellite-related purchase commitments.Periodically, the Company is involved in a variety of claims, suits, investigations and proceedings arising in the ordinary course of business, including government investigations and claims, and other claims and proceedings with respect to intellectual property, breach of contract, labor and employment, tax and other matters. Such matters could result in fines; penalties, compensatory, treble or other damages; or non-monetary relief. A violation of government contract laws and regulations could also result in the termination of its government contracts or debarment from bidding on future government contracts. Although claims, suits, investigations and proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of its current pending matters will not have a material adverse effect on its business, financial condition, results