Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 74

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 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.

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. 

49

Results of Operations 

The following table presents, as a percentage of total revenues, income statement data for the periods indicated: 

    Three Months Ended

    Nine Months Ended

    December 31,2024

    December 31,2023

    December 31,2024

    December 31,2023

    Revenues:

    100
    %

    100
    %

    100
    %

    100
    %

    Service revenues

    72

    73

    72

    70

    Product revenues

    28

    27

    28

    30

    Operating expenses:

    Cost of service revenues

    47

    46

    47

    44

    Cost of product revenues

    21

    22

    20

    22

    Selling, general and administrative

    21

    24

    23

    52

    Independent research and development

    3

    4

    3

    3

    Amortization of acquired intangible assets

    6

    8

    6

    6