XML 38 R27.htm IDEA: XBRL DOCUMENT v3.24.4
Revenue (Tables)
9 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenue by Contract Type:
 Three Months Ended
December 31,
Nine Months Ended
December 31,
 2024202320242023
Cost-reimbursable$1,673,838 57 %$1,403,297 55 %$5,114,805 57 %$4,317,430 55 %
Time-and-materials660,031 23 %614,339 24 %2,053,417 23 %1,888,679 24 %
Fixed-price583,321 20 %552,165 21 %1,837,151 20 %1,684,460 21 %
Total Revenue$2,917,190 100 %$2,569,801 100 %$9,005,373 100 %$7,890,569 100 %
Revenue by Customer Type:
Three Months Ended
December 31,
Nine Months Ended
December 31,
2024202320242023
Defense Clients
$1,454,686 50 %$1,225,697 48 %$4,415,664 49 %$3,718,335 47 %
Intelligence Clients
451,187 15 %405,885 16 %1,408,646 16 %1,326,342 17 %
Civil Clients (1)
1,011,317 35 %938,219 36 %3,181,063 35 %2,845,892 36 %
Total Revenue$2,917,190 100 %$2,569,801 100 %$9,005,373 100 %$7,890,569 100 %
(1) As of the first quarter of fiscal 2025, Civil Clients includes revenue from Global Commercial Clients, which was previously separately reported. Prior periods’ revenues have been recast to reflect the change.
Revenue by Whether the Company Acts as a Prime Contractor or a Subcontractor:
Three Months Ended
December 31,
Nine Months Ended
December 31,
2024202320242023
Prime Contractor$2,775,505 95 %$2,447,401 95 %$8,584,534 95 %$7,502,044 95 %
Subcontractor141,685 %122,400 %$420,839 %388,525 %
Total Revenue$2,917,190 100 %$2,569,801 100 %$9,005,373 100 %$7,890,569 100 %
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,
2024
March 31,
2024
Current assets
Accounts receivable–billed$771,843 $700,066 
Accounts receivable–unbilled (contract assets)1,452,730 1,347,577 
Allowance for credit losses(861)(301)
Accounts receivable, net2,223,712 2,047,342 
Other long-term assets
Accounts receivable–unbilled (contract assets)57,708 57,355 
Total accounts receivable, net$2,281,420 $2,104,697 
Other current liabilities
Advance payments, billings in excess of costs incurred and deferred revenue (contract liabilities)$21,246 $15,527