Viasat (VSAT) FY2012 results: revenue $864 million, up 7.7% on the year
Viasat Inc. (VSAT) reported revenue of $864 million for fiscal 2012, the year ended 30 March 2012, up 7.7% on the year before. Net income was $7 million, down 79.2%, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2012.
Revenue
$864 million
+7.7% on the year
FY2009FY2012
Operating margin
0.3%
4.9% a year earlier
FY2009FY2012
Net income
$7 million
-79.2% on the year
FY2009FY2012
Diluted EPS
$0.17
-79.8% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
864
802
688
+7.7%
Cost of revenue
636
551
475
+15.5%
Gross profit
228
252
213
-9.5%
Gross margin
26.4%
31.4%
30.9%
Research and development
25.0
28.7
27.3
-13.0%
Selling, general and administrative
182
164
133
+10.6%
Operating income
2.2
39.3
43.0
-94.4%
Operating margin
0.3%
4.9%
6.3%
Interest expense
8.3
3.2
7.4
+163.4%
Pre-tax income
-6.1
36.4
36.3
Income tax
-13.7
-0.0
5.4
Effective tax rate
n/a
-0.0%
15.0%
Net income
7.5
36.1
31.1
-79.2%
Net margin
0.9%
4.5%
4.5%
Diluted EPS
$0.17
$0.84
$0.89
-79.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
141
170
113
-16.6%
Capital expenditure
205
208
135
-1.6%
Free cash flow
-63.5
-38.7
-22.0
Free cash flow margin
-7.4%
-4.8%
-3.2%
Cash from investing
-229
-238
-519
Cash from financing
220
18.6
432
+1,081.1%
Depreciation and amortisation
126
103
47.0
+21.8%
Share-based compensation
21.4
17.4
12.2
+22.6%
Buybacks
7.5
5.9
10.3
+26.7%
Diluted shares, weighted
44m
43m
35m
+2.7%
Shares outstanding at period end
43m
42m
40m
+3.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
888
840
753
+5.7%
Non-controlling interest
4.2
4.1
3.7
+2.5%
Debt
549
334
n/a
+64.1%
Other liabilities
286
227
537
+26.0%
Total liabilities and equity
1,727
1,406
1,294
+22.9%
Fixed assets
295
233
156
+26.5%
Goodwill
83.5
83.5
75.0
-0.1%
Intangible assets
63.0
81.9
89.4
-23.0%
Cash and equivalents
173
40.5
89.6
+326.2%
Receivables
212
192
176
+10.3%
Inventory
128
98.6
83.0
+29.5%
Other assets
774
676
624
+14.4%
Total assets
1,727
1,406
1,294
+22.9%
10-K for the year ended 30 March 2012, filed 25 May 2012: the filing.