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v3.23.2

Composition of Certain Balance Sheet Captions (Tables) | 3 Months Ended
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Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Composition of Certain Balance Sheet Captions |
|  | As of June 30, 2023 |  |  | As of March 31, 2023 |
|  | (In thousands) |
Accounts receivable, net: |  |  |  |  |  |
Billed |  | $ | 513,517 |  |  | $ | 327,148 |
Unbilled |  |  | 130,655 |  |  |  | 104,889 |
Allowance for doubtful accounts |  |  | (13,642 | ) |  |  | (12,103 | )
|  | $ | 630,530 |  |  | $ | 419,934 |
Inventories: |  |  |  |  |  |
Raw materials |  | $ | 111,303 |  |  | $ | 68,655 |
Work in process |  |  | 25,820 |  |  |  | 25,347 |
Finished goods |  |  | 198,438 |  |  |  | 174,561 |
|  | $ | 335,561 |  |  | $ | 268,563 |
Prepaid expenses and other current assets: |  |  |  |  |  |
Prepaid expenses |  | $ | 175,414 |  |  | $ | 115,701 |
Other |  |  | 158,228 |  |  |  | 60,928 |
|  | $ | 333,642 |  |  | $ | 176,629 |
Property, equipment and satellites, net: |  |  |  |  |  |
Equipment and software (estimated useful life of 3-7 years) |  | $ | 3,109,932 |  |  | $ | 1,917,243 |
CPE leased equipment (estimated useful life of 4-7 years) |  |  | 609,183 |  |  |  | 395,427 |
Furniture and fixtures (estimated useful life of 7 years) |  |  | 64,035 |  |  |  | 58,807 |
Leasehold improvements (estimated useful life of 2-17 years) |  |  | 180,112 |  |  |  | 151,827 |
Buildings (estimated useful life of 12-38 years) |  |  | 16,425 |  |  |  | 12,487 |
Land |  |  | 29,434 |  |  |  | 3,873 |
Construction in progress |  |  | 1,033,066 |  |  |  | 685,646 |
Satellites (estimated useful life of 7-17 years) |  |  | 2,705,771 |  |  |  | 1,056,313 |
Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-11 years) |  |  | 175,712 |  |  |  | 175,712 |
Satellites under construction |  |  | 3,689,340 |  |  |  | 2,252,908 |
|  |  | 11,613,010 |  |  |  | 6,710,243 |
Less: accumulated depreciation and amortization |  |  | (2,450,119 | ) |  |  | (2,331,960 | )
|  | $ | 9,162,891 |  |  | $ | 4,378,283 |
Other acquired intangible assets, net: |  |  |  |  |  |
Contracts and customer relationships (weighted average useful life of 11 years) |  |  | 1,068,425 |  |  |  | 132,563 |
Orbital slots and spectrum assets (weighted average useful life of 12 years) |  |  | 1,018,600 |  |  |  | 8,600 |
Technology (weighted average useful life of 7 years) |  | $ | 258,492 |  |  | $ | 151,327 |
Trade name (weighted average useful life of 8 years) |  |  | 117,419 |  |  |  | 32,253 |
Other (weighted average useful life of 6 years) |  |  | 257,568 |  |  |  | 21,782 |
|  |  | 2,720,504 |  |  |  | 346,525 |
Less: accumulated amortization |  |  | (174,374 | ) |  |  | (145,320 | )
|  | $ | 2,546,130 |  |  | $ | 201,205 |
Other assets: |  |  |  |  |  |
Deferred income taxes |  | $ | 177,014 |  |  | $ | 23,724 |
Capitalized software costs, net |  |  | 223,847 |  |  |  | 222,155 |
Patents, orbital slots and other licenses, net |  |  | 76,952 |  |  |  | 73,932 |
Other |  |  | 249,592 |  |  |  | 146,227 |
|  | $ | 727,405 |  |  | $ | 466,038 |
Accrued and other liabilities: |  |  |  |  |  |
Collections in excess of revenues and deferred revenues |  | $ | 291,749 |  |  | $ | 132,187 |
Accrued employee compensation |  |  | 91,482 |  |  |  | 125,349 |
Accrued vacation |  |  | 50,370 |  |  |  | 45,177 |
Operating lease liabilities |  |  | 66,340 |  |  |  | 50,639 |
Income taxes payable |  |  | 192,546 |  |  |  | 113,905 |
Other |  |  | 341,578 |  |  |  | 179,975 |
|  | $ | 1,034,065 |  |  | $ | 647,232 |
Other liabilities: |  |  |  |  |  |
Deferred revenues, long-term portion |  | $ | 1,040,119 |  |  | $ | 84,747 |
Deferred income taxes |  |  | 1,408,701 |  |  |  | 85,989 |
Other |  |  | 363,272 |  |  |  | 47,806 |
|  | $ | 2,812,092 |  |  | $ | 218,542 |

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