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Revenue (Tables)
6 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The table below presents the total revenue for each type of contract:
 Three Months Ended
September 30,
Six Months Ended
September 30,
 2023202220232022
Cost-reimbursable$1,463,949 55 %$1,201,407 52 %$2,914,133 55 %$2,392,235 53 %
Time-and-materials638,607 24 %564,438 25 %1,274,340 24 %1,110,340 24 %
Fixed-price563,726 21 %533,131 23 %1,132,295 21 %1,046,001 23 %
Total Revenue$2,666,282 100 %$2,298,976 100 %$5,320,768 100 %$4,548,576 100 %
Revenue by Customer Type:
Three Months Ended
September 30,
Six Months Ended
September 30,
2023202220232022
U.S. government(1):
Defense Clients$1,270,135 48 %$1,028,275 45 %$2,494,452 47 %$2,056,086 45 %
Intelligence Clients444,982 17 %425,874 18 %921,479 17 %829,997 18 %
Civil Clients916,069 34 %781,279 34 %1,821,029 34 %1,535,939 34 %
Total U.S. government2,631,186 99 %2,235,428 97 %5,236,960 98 %4,422,022 97 %
Global Commercial Clients35,096 %63,548 %83,808 %126,554 %
Total Revenue$2,666,282 100 %$2,298,976 100 %$5,320,768 100 %$4,548,576 100 %
(1) Certain contracts were reassigned between the various verticals of our U.S. government business shown in the table above to better align our operations to the customers we serve within each market. Prior year revenue by customer type has been recast to reflect the changes.
Revenue by Whether the Company Acts as a Prime Contractor or a Subcontractor:
Three Months Ended
September 30,
Six Months Ended
September 30,
2023202220232022
Prime Contractor$2,537,085 95 %$2,179,375 95 %$5,054,643 95 %$4,310,670 95 %
Subcontractor129,197 %119,601 %266,125 %237,906 %
Total Revenue$2,666,282 100 %$2,298,976 100 %$5,320,768 100 %$4,548,576 100 %
Schedule of Contract Assets and Liabilities
The following table summarizes the contract assets and liabilities, and accounts receivable, net of allowance recognized on the Company’s condensed consolidated balance sheets:
September 30,
2023
March 31,
2023
Current assets
Accounts receivable–billed$678,241 $551,666 
Accounts receivable–unbilled (contract assets)1,331,785 1,223,482 
Allowance for credit losses(179)(318)
Accounts receivable, net2,009,847 1,774,830 
Other long-term assets
Accounts receivable–unbilled (contract assets)59,653 59,455 
Total accounts receivable, net$2,069,500 $1,834,285 
Other current liabilities
Advance payments, billings in excess of costs incurred and deferred revenue (contract liabilities)$14,918 $18,995