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Revenue (Tables)
9 Months Ended
Dec. 31, 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
December 31,
Nine Months Ended
December 31,
 2023202220232022
Cost-reimbursable$1,403,297 55 %$1,211,589 53 %$4,317,430 55 %$3,603,824 53 %
Time-and-materials614,339 24 %572,491 25 %1,888,679 24 %1,682,831 25 %
Fixed-price552,165 21 %492,994 22 %1,684,460 21 %1,538,995 22 %
Total Revenue$2,569,801 100 %$2,277,074 100 %$7,890,569 100 %$6,825,650 100 %
Revenue by Customer Type:
Three Months Ended
December 31,
Nine Months Ended
December 31,
2023202220232022
U.S. government(1):
Defense Clients$1,224,561 47 %$1,046,441 46 %$3,719,013 47 %$3,102,528 45 %
Intelligence Clients408,458 16 %418,783 18 %1,329,937 17 %1,248,779 18 %
Civil Clients893,202 35 %756,010 33 %2,714,231 34 %2,291,949 34 %
Total U.S. government2,526,221 98 %2,221,234 97 %7,763,181 98 %6,643,256 97 %
Global Commercial Clients43,580 %55,840 %127,388 %182,394 %
Total Revenue$2,569,801 100 %$2,277,074 100 %$7,890,569 100 %$6,825,650 100 %
(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
December 31,
Nine Months Ended
December 31,
2023202220232022
Prime Contractor$2,447,401 95 %$2,151,265 94 %$7,502,044 95 %$6,461,935 95 %
Subcontractor122,400 %125,809 %388,525 %363,715 %
Total Revenue$2,569,801 100 %$2,277,074 100 %$7,890,569 100 %$6,825,650 100 %
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:
December 31,
2023
March 31,
2023
Current assets
Accounts receivable–billed$737,599 $551,666 
Accounts receivable–unbilled (contract assets)1,230,554 1,223,482 
Allowance for credit losses(67)(318)
Accounts receivable, net1,968,086 1,774,830 
Other long-term assets
Accounts receivable–unbilled (contract assets)56,953 59,455 
Total accounts receivable, net$2,025,039 $1,834,285 
Other current liabilities
Advance payments, billings in excess of costs incurred and deferred revenue (contract liabilities)$19,450 $18,995