Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 29

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 29
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 objectively verifiable evidence of current pre-tax losses and recent events than forecasts of future profitability. Accruals for uncertain tax positions are provided for in accordance with ASC 740. Under the authoritative guidance, we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The authoritative guidance addresses the derecognition of income tax assets and liabilities, classification of deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and income tax disclosures. 

53

We are subject to income taxes in the United States and numerous foreign jurisdictions. In the ordinary course of business, there are calculations and transactions where the ultimate tax determination is uncertain. In addition, changes in tax laws and regulations as well as adverse judicial rulings could adversely affect the income tax provision. We believe we have adequately provided for income tax issues not yet resolved with federal, state and foreign tax authorities. However, if these provided amounts prove to be more than what is necessary, the reversal of the reserves would result in tax benefits being recognized in the period in which we determine that provision for the liabilities is no longer necessary. If an ultimate tax assessment exceeds our estimate of tax liabilities, an additional charge to expense would result. 

54

Results of Operations The following table presents, as a percentage of total revenues, income statement data of our continuing operations for the periods indicated:  

     Fiscal Years Ended

     March 31, 2025

     March 31, 2024

     March 31, 2023

     Revenues:

     100
     %

     100
     %

     100
     %

     Service revenues

     71

     70

     63

     Product revenues

     29

     30

     37

     Operating expenses:

     Cost of service revenues

     46

     45

     43

     Cost of product revenues

     21

     23

     29

     Selling, general and administrative (including ground network (FY25), satellite (FY24) impairment and related charges, net — see Note 1)

     26

     44

     28

     Independent research and development