Company: VSAT
Filing Date: 2025-02-11
Form Type: CORRESP
Source: 0001193125-25-024360
Chunk: 6

Company: VIASAT INC
Filing Date: 2025-02-11
Form: CORRESP
Chunk 6
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 the entity, including assets transferred in the contract. An entity may be able to determine that rate by identifying the rate that discounts the nominal amount of the promised consideration to the price that the customer would pay in cash for the goods or services when (or as) they transfer to the customer. After contract inception, an entity shall not update the discount rate for changes in interest rates or other circumstances (such as a change in the assessment of the customer’s credit risk).

Based on our review of Acacia’s public filings, Acacia did not have any outstanding interest-bearing
debt and did not disclose an interest rate that would be applicable to determining a financing rate between Viasat and Acacia reflective of Acacia’s creditworthiness at contract inception. As such, we also performed a review of Cisco’s
capital structure and related borrowing rates given Cisco acquired Acacia in the years preceeding the Acacia Payments, and calculated approximately $6.4 million, and $7.2 million, of allocable interest income with respect to the Acacia
Payments and classified such amounts accordingly in our statement of operations for periods ended March 31, 2023 and March 31, 2024, respectively. Thus remaining payment amounts were recorded in accordance with ASC 606 as revenue earned
under terms of the customer contract to revenue of $55.8 million and $99.9 million during fiscal years 2023 and 2024, respectively.

Form 8-KFurnished November 6, 2024

Exhibit 99.2

Balance Sheet, Cash Flows and Liquidity, page 5

3.
Staff’s comment: We note that you present, for the five most recent quarterly periods, net debt and a net leverage ratio calculated using the last twelve months of Adjusted EBITDA. Please reconcile net debt and the Adjusted EBITDA measure used in each calculation to the appropriate GAAP figure. In addition, ensure that you present for each applicable period a ratio calculated using the most directly comparable GAAP measures. See Item 10(e)(1)(i)(A) and (B)of Regulation S-Kand Question 102.10(a) of the Compliance and Disclosure Interpretations on Non-GAAPFinancial Measures.

Response: We respectfully acknowledge the Staff’s comment and confirm that in future filings we will (and did in the Form 8-K announcing our third quarter results furnished on February 6, 2025) include all non-GAAP measures in our definitions of
non-GAAP