Viasat (VSAT) FY2015 results: revenue $1.4 billion, up 2.3% on the year
Viasat Inc. (VSAT) reported revenue of $1.4 billion for fiscal 2015, the year ended 3 April 2015, up 2.3% on the year before. Net income was $40 million, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2015.
Revenue
$1.4 billion
+2.3% on the year
FY2009FY2015
Operating margin
6.0%
0.2% a year earlier
FY2009FY2015
Net income
$40 million
FY2009FY2015
Diluted EPS
$0.84
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,383
1,351
1,120
+2.3%
Cost of revenue
964
991
848
-2.8%
Gross profit
419
360
272
+16.2%
Gross margin
30.3%
26.7%
24.3%
Research and development
46.7
60.7
35.4
-23.2%
Selling, general and administrative
271
282
241
-3.8%
Operating income
83.1
3.3
-20.4
+2,420.3%
Operating margin
6.0%
0.2%
-1.8%
Interest expense
31.4
37.9
44.0
-17.1%
Pre-tax income
53.7
-34.6
-90.7
Income tax
13.8
-25.9
-50.1
Effective tax rate
25.7%
n/a
n/a
Net income
40.4
-9.4
-41.2
Net margin
2.9%
-0.7%
-3.7%
Diluted EPS
$0.84
-$0.21
-$0.94
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
350
205
91.8
+70.4%
Capital expenditure
366
308
176
+19.1%
Free cash flow
-17.0
-102
-84.5
Free cash flow margin
-1.2%
-7.6%
-7.5%
Cash from investing
n/a
-354
-202
Cash from financing
n/a
102
42.9
Depreciation and amortisation
221
185
157
+19.7%
Share-based compensation
39.4
33.6
27.0
+17.0%
Diluted shares, weighted
48m
46m
44m
+5.6%
Shares outstanding at period end
48m
n/a
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,039
941
903
+10.4%
Non-controlling interest
5.2
5.6
4.8
-8.4%
Debt
807
692
586
+16.6%
Other liabilities
297
322
300
-7.7%
Total liabilities and equity
2,147
1,960
1,794
+9.6%
Fixed assets
n/a
n/a
379
Goodwill
117
83.6
83.0
+40.2%
Intangible assets
42.3
35.4
47.2
+19.6%
Cash and equivalents
52.3
58.3
106
-10.4%
Receivables
266
272
267
-2.0%
Inventory
128
120
106
+7.3%
Other assets
1,541
1,391
806
+10.8%
Total assets
2,147
1,960
1,794
+9.6%
10-K for the year ended 3 April 2015, filed 26 May 2015: the filing.