Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 167

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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4-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires additional disclosures about certain categories of costs and expenses in the notes to financial statements. As clarified in ASU 2025-01, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date, the new standard will become effective for the Company’s annual disclosures beginning in fiscal year 2028 and for interim disclosures beginning in fiscal year 2029. Early adoption is permitted and the amendments should be applied either prospectively to financial statements issued for reporting periods after the effective date of the ASU or retrospectively to any or all periods presented in the financial statements. The Company is currently evaluating the impact of this standard on its consolidated financial statements and disclosures.

22

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

Note 2 — Composition of Certain Balance Sheet Captions  

        As of  December 31, 2024

        As of March 31, 2024

        (In thousands)

        Accounts receivable, net:

        Billed
         
        $
        533,997

        $
        545,081

        Unbilled

        137,851

        156,322

        Allowance for doubtful accounts

        (22,886
        )

        (23,193
        )

        $
        648,962

        $
        678,210

        Inventories:

        Raw materials
         
        $
        110,583

        $
        89,778

        Work in process

        23,228

        31,884

        Finished goods

        186,326

        196,216

        $
        320,137

        $
        317,878

        Prepaid expenses and other current assets:

        Insurance receivable
         
        $
        21,500

        $
        261,500

        Prepaid expenses

        177,985

        185,892

        Other

        116,527

        134,391

        $
        316,012

        $
        581,783

        Property, equipment and satellites, net:

        Equipment and software (