VIASAT INC (VSAT) [Rocket]

In millions, except per share items	Mar-31-23	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Government Systems					955.6	772.1	685.1	607.5
Satellite Services					684.2	589.3	629.6	559.2
Commercial Networks					428.4	233.2	244.6	250.7
Total revenues [+]	2,556.2	2,787.6	2,256.1	2,309.2	2,068.3	1,594.6	1,559.3	1,417.4
Products	954.1							664.8
Services	1,602.0							752.6
Revenue growth [+]	-8.3%	23.6%	-2.3%	11.7%	29.7%	2.3%	10.0%	2.5%
Government Systems					23.8%	12.7%	12.8%	13.4%
Satellite Services					16.1%	-6.4%	12.6%	11.9%
Commercial Networks					83.7%	-4.7%	-2.4%	-27.8%
Cost of goods sold [+]	1,834.8	0.0	0.0	0.0	9.7	12.2	10.8	495.1
Cost of product sales	736.4							489.2
Cost of services	1,098.3
Amortization of intangibles								16.4
Gross profit	721.4	2,787.6	2,256.1	2,309.2	2,058.6	1,582.4	1,548.5	922.3
Gross margin	28.2%	100.0%	100.0%	100.0%	99.5%	99.2%	99.3%	65.1%
Selling, general and administrative	718.6				458.5	385.4	333.5	298.3
Research and development					123.0	168.3	129.6	77.2
Equity in earnings	0.1				3.0	2.0
Other operating expenses	128.9	2,816.9	2,223.2	2,314.3	1,537.7	1,120.8	1,049.0	505.7
EBITDA [+]	-126.1				261.0	165.4	282.4	283.2
EBITDA growth	331.5%	-188.9%	-754.7%	-101.9%	57.8%	-41.4%	-0.3%	-7.0%
EBITDA margin	-4.9%	-1.0%	1.5%	-0.2%	12.6%	10.4%	18.1%	20.0%
Depreciation					262.3	210.4	200.7	193.1
EBITA	-126.1	-29.2	32.9	-5.0	-1.3	-45.0	81.7	90.1
EBITA margin	-4.9%	-1.0%	1.5%	-0.2%	-0.1%	-2.8%	5.2%	6.4%
Amortization of intangibles	29.8				56.3	45.2	45.2	49.0
EBIT [+]	-155.9	-29.2	32.9	-5.0	-57.6	-90.2	36.5	41.1
EBIT growth	433.5%	-188.9%	-754.7%	-91.3%	-36.1%	-347.4%	-11.3%	-50.5%
EBIT margin	-6.1%	-1.0%	1.5%	-0.2%	-2.8%	-5.7%	2.3%	2.9%
Interest expense, net [+]	7.3	-0.5	-0.4	-1.6	50.0	4.0	12.1	25.7
Interest expense	7.3				50.0	4.0	12.1	25.7
Interest income		0.5	0.4	1.6
Other income (expense), net [+]	1.0	12.3	-7.3	4.8	-2.8	-11.2	1.0	2.2
Gain (loss) on debt retirement						-10.2
Other	1.1	11.8	-7.8	3.2
Pre-tax income	-162.2	-16.4	26.0	1.4	-110.5	-105.5	25.4	17.6
Income taxes	-1,252.9	-14.2	9.4	-7.9	41.0	35.2	3.6	-4.2
Tax rate	772.7%	86.6%	36.3%				14.2%
Minority interest	5.9				1.2	-1.0	-2.0	0.0
Earnings from continuing ops	-217.6				-67.6	-67.3	23.8	21.7
Earnings from discontinued ops	1,302.4
Net income	1,084.8	0.0	0.0	0.0	-67.6	-67.3	23.8	21.7
Net margin	42.4%	0.0%	0.0%	0.0%	-3.3%	-4.2%	1.5%	1.5%

Basic EPS [+]	($2.87)	$0.00	$0.00	$0.00	($1.13)	($1.15)	$0.45	$0.45
Growth				-100.0%	-2.0%	-353.5%	1.3%	-47.6%
Diluted EPS [+]	($2.87)	$0.00	$0.00	$0.00	($1.13)	($1.15)	$0.45	$0.44
Growth				-100.0%	-2.0%	-358.8%	1.2%	-47.4%

Shares outstanding (basic) [+]	75.9	73.4	66.4	61.6	59.9	58.4	52.3	48.5
Growth	3.4%	10.5%	7.8%	2.8%	2.6%	11.7%	8.0%	2.8%
Shares outstanding (diluted) [+]	75.9	73.4	67.0	61.6	59.9	58.4	53.4	49.4
Growth	3.4%	9.5%	8.7%	2.8%	2.6%	9.4%	8.0%	2.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.