Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 36

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 36
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 and advanced technologies segment. The increase in product revenues was driven primarily by increases of $251.1 million in our defense and advanced technologies segment and $73.9 million in our communication services segment.Cost of revenues 

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2024

     March 31, 2023

     Increase(Decrease)

     Increase(Decrease)

     Cost of service revenues
      
     $
     1,928.7

     $
     1,098.3

     $
     830.4

     76
     %

     Cost of product revenues

     973.4

     736.4

     236.9

     32
     %

     Total cost of revenues
      
     $
     2,902.1

     $
     1,834.8

     $
     1,067.3

     58
     %
    
    Cost of revenues increased by $1,067.3 million due to an increase of $830.4 million in cost of service revenues and $236.9 million in cost of product revenues. The cost of service revenues increase was primarily due to increased service revenues, mainly in our communication services segment, causing a $961.6 million increase in cost of service revenues on a constant margin basis. The increase in cost of service revenues was partially offset by higher margins, primarily driven by our communication services segment. The cost of product revenue increase was primarily due to increased product revenues, mainly from our defense and advanced technologies segment, causing a $230.3 million increase in cost of product revenues on a constant margin basis, prior to the effects of product revenues related to the one-time benefit from a litigation settlement (see Note 15 — Contingencies to our consolidated financial statements for more information). The increase in cost of product revenues was further increased by lower margins, primarily driven by our communication services segment.Selling, general and administrative expenses 

     Fiscal Years Ended

     Dollar

     Percentage

     (In millions, except percentages)
      
     March 31, 2024

     March 31, 2023

     Increase(Decrease)

     Increase(Decrease)

     Selling, general and administrative
      
     $
     1,893.7

     $
     718.6

     $
     1,175.0