Viasat (VSAT) 8-K Regulation FD Disclosure

SELECTED SEGMENT INFORMATION FOR FISCAL YEARS 2023 AND 2024 (UNAUDITED) Exhibit 99.1

	Three Months Ended												Fiscal Years Ended
	June 30, 2023			September 30, 2023			December 31, 2023			March 31, 2024			March 31, 2024			March 31, 2023
	(In thousands)												(In thousands)
Revenues:
Communication services
Aviation services	$	151,112		$	224,049		$	236,008		$	253,665		$	864,834		$	346,950
Government satcom services		82,624			169,843			176,311			168,048			596,826			165,897
Maritime services		45,345			130,428			130,121			124,196			430,090			3,362
Fixed services and other services		214,692			246,442			229,929			215,699			906,762			919,440
Total services		493,773			770,762			772,369			761,608			2,798,512			1,435,649
Total products		66,487			75,795			102,489			98,257			343,028			269,126
Total communication services revenues		560,260			846,557			874,858			859,865			3,141,540			1,704,775
Defense and advanced technologies
Total services		49,646			52,924			53,097			50,415			206,082			166,383
Information security and cyber defense products		56,676			82,378			72,115			90,887			302,056			181,591
Space and mission systems products		72,387			92,306			65,182			79,378			309,253			259,286
Tactical networking products		37,384			42,445			57,676			64,589			202,094			179,099
Advanced technologies and other products		3,438			108,805			5,611			4,879			122,733			65,024
Total products		169,885			325,934			200,584			239,733			936,136			685,000
Total defense and advanced technologies revenues		219,531			378,858			253,681			290,148			1,142,218			851,383
Elimination of intersegment revenues		—			—			—			—			—			—
Total revenues	$	779,791		$	1,225,415		$	1,128,539		$	1,150,013		$	4,283,758		$	2,556,158
Independent research and development:
Communication services**	$	19,804		$	22,685		$	28,758		$	33,716		$	104,963		$	99,520
Defense and advanced technologies		9,200			10,744			12,970			12,776			45,690			29,403
Total independent research and development	$	29,004		$	33,429		$	41,728		$	46,492		$	150,653		$	128,923
Operating profits (losses):
Communication services	$	(9,943	)	$	(831,186	)	$	36,049		$	(11,974	)	$	(817,054	)	$	(189,402	)
Defense and advanced technologies		(3,762	)		107,893			11,752			38,530			154,413			63,257
Elimination of intersegment operating profits (losses)		—			—			—			—			—			—
Segment operating profit (loss) before corporate and amortization of acquired intangible assets		(13,705	)		(723,293	)		47,801			26,556			(662,641	)		(126,145	)
Corporate		—			—			—			—			—			—
Amortization of acquired intangible assets		(27,811	)		(81,374	)		(91,719	)		(26,261	)		(227,165	)		(29,811	)
Income (loss) from operations	$	(41,516	)	$	(804,667	)	$	(43,918	)	$	295		$	(889,806	)	$	(155,956	)

** The three months ended September 30, 2023, the three months ended December 31, 2023 and the fiscal year ended March 31, 2024 include $900.0 million, $5.5 million, and $905.5 million, respectively, of satellite impairment and related charges, net.

AN ITEMIZED RECONCILIATION BETWEEN SEGMENT OPERATING PROFIT (LOSS) FROM CONTINUING OPERATIONS BEFORE

CORPORATE AND AMORTIZATION OF ACQUIRED INTANGIBLE ASSETS AND ADJUSTED EBITDA IS AS FOLLOWS:

(In thousands)

	Three months ended June 30, 2023									Three months ended September 30, 2023									Three months ended December 31, 2023									Three months ended March 31, 2024
	Communication Services			Defense and Advanced Technologies			Total			Communication Services			Defense and Advanced Technologies			Total			Communication Services			Defense and Advanced Technologies			Total			Communication Services			Defense and Advanced Technologies			Total
Segment operating profit (loss) before corporate and amortization of acquired intangible assets	$	(9,943	)	$	(3,762	)	$	(13,705	)	$	(831,186	)	$	107,893		$	(723,293	)	$	36,049		$	11,752		$	47,801		$	(11,974	)	$	38,530		$	26,556
Depreciation (1)		122,491			9,520			132,011			225,962			10,599			236,561			218,860			10,620			229,480			258,475			11,114			269,589
Stock-based compensation expense		13,524			8,228			21,752			13,510			8,208			21,718			14,252			7,947			22,199			11,376			6,586			17,962
Other amortization		12,292			2,465			14,757			12,719			3,111			15,830			12,414			3,013			15,427			13,293			3,411			16,704
Acquisition and transaction related expenses (2)		16,467			11,268			27,735			29,099			8,352			37,451			43,410			21,658			65,068			25,137			2,188			27,325
Satellite impairment and related charges, net		—			—			—			900,000			—			900,000			5,496			—			5,496			—			—			—
Equity in income (loss) of unconsolidated affiliates, net		831			—			831			(502	)		—			(502	)		2,689			—			2,689			3,957			—			3,957
Noncontrolling interest		(60	)		(42	)		(102	)		(60	)		(1,415	)		(1,475	)		(60	)		(4,990	)		(5,050	)		(30	)		(4,328	)		(4,358	)
Adjusted EBITDA from continuing operations	$	155,602		$	27,677		$	183,279		$	349,542		$	136,748		$	486,290		$	333,110		$	50,000		$	383,110		$	300,234		$	57,501		$	357,735
Adjusted EBITDA from discontinued operations (3)		—			—			—			—			—			—			—			—			—			—			—			—
Adjusted EBITDA	$	155,602		$	27,677		$	183,279		$	349,542		$	136,748		$	486,290		$	333,110		$	50,000		$	383,110		$	300,234		$	57,501		$	357,735

	Twelve months ended March 31, 2024									Twelve months ended March 31, 2023
	Communication Services			Defense and Advanced Technologies			Total			Communication Services			Defense and Advanced Technologies			Total
Segment operating profit (loss) before corporate and amortization of acquired intangible assets	$	(817,054	)	$	154,413		$	(662,641	)	$	(189,402	)	$	63,257		$	(126,145	)
Depreciation (1)		825,788			41,853			867,641			350,954			52,701			403,655
Stock-based compensation expense		52,662			30,969			83,631			51,578			30,534			82,112
Other amortization		50,718			12,000			62,718			49,058			11,047			60,105
Acquisition and transaction related expenses (2)		114,113			43,466			157,579			53,285			33,011			86,296
Satellite impairment and related charges, net		905,496			—			905,496			—			—			—
Other income, net		—			—			—			—			1,098			1,098
Equity in income (loss) of unconsolidated affiliates, net		6,975			—			6,975			(66	)		—			(66	)
Noncontrolling interest		(210	)		(10,775	)		(10,985	)		(240	)		(5,702	)		(5,942	)
Adjusted EBITDA from continuing operations	$	1,138,488		$	271,926		$	1,410,414		$	315,167		$	185,946		$	501,113
Adjusted EBITDA from discontinued operations (3)		—			—			—			—			82,057			82,057
Adjusted EBITDA	$	1,138,488		$	271,926		$	1,410,414		$	315,167		$	268,003		$	583,170

⁽¹⁾  Depreciation expenses not specifically recorded in a particular segment have been allocated based on other indirect allocable costs, which management believes is a reasonable method.

⁽²⁾  Costs typically consist of acquisition, integration, and disposition related costs.

⁽³⁾  A reconciliation of Adjusted EBITDA from discontinued operations is presented below.

AN ITEMIZED RECONCILIATION BETWEEN NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO VIASAT, INC.

AND ADJUSTED EBITDA FROM DISCONTINUED OPERATIONS IS AS FOLLOWS:

(In thousands)

	Twelve months ended March 31, 2024								Twelve months ended March 31, 2023
	Communication Services		Defense and Advanced Technologies			Total			Communication Services		Defense and Advanced Technologies			Total
GAAP net income (loss) from discontinued operations attributable to Viasat, Inc.	$	—	$	(10,422	)	$	(10,422	)	$	—	$	1,302,387		$	1,302,387
Provision for (benefit from) income taxes		—		(578	)		(578	)		—		425,156			425,156
Depreciation and amortization		—		—			—			—		6,806			6,806
Stock-based compensation expense		—		—			—			—		2,347			2,347
Acquisition and transaction related expenses (2)		—		—			—			—		7,252			7,252
(Gain) loss on the Link-16 TDL Sale		—		11,000			11,000			—		(1,661,891	)		(1,661,891	)
Adjusted EBITDA from discontinued operations	$	—	$	—		$	—		$	—	$	82,057		$	82,057