XML 36 R28.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Information (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Revenues and Operating Profits (Losses) | Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2023 and 2022 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2023 |  |  | December 31, 2022 |  |  | December 31, 2023 |  |  | December 31, 2022 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Satellite services |  |  |  |  |  |  |  |  |  |  |  |
Product |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Service |  |  | 581,429 |  |  |  | 302,412 |  |  |  | 1,565,247 |  |  |  | 915,059 |
Total |  |  | 581,429 |  |  |  | 302,412 |  |  |  | 1,565,247 |  |  |  | 915,059 |
Commercial networks |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 144,525 |  |  |  | 147,163 |  |  |  | 523,517 |  |  |  | 400,569 |
Service |  |  | 21,835 |  |  |  | 20,060 |  |  |  | 66,636 |  |  |  | 59,465 |
Total |  |  | 166,360 |  |  |  | 167,223 |  |  |  | 590,153 |  |  |  | 460,034 |
Government systems |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 158,548 |  |  |  | 102,152 |  |  |  | 417,657 |  |  |  | 282,200 |
Service |  |  | 222,202 |  |  |  | 79,657 |  |  |  | 560,688 |  |  |  | 232,766 |
Total |  |  | 380,750 |  |  |  | 181,809 |  |  |  | 978,345 |  |  |  | 514,966 |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  | $ | 1,128,539 |  |  | $ | 651,444 |  |  | $ | 3,133,745 |  |  | $ | 1,890,059 |
Operating profits (losses): |  |  |  |  |  |  |  |  |  |  |  |
Satellite services |  | $ | 41,115 |  |  | $ | (8,421 | ) |  | $ | (779,493 | ) |  | $ | (13,142 | )
Commercial networks |  |  | (70,343 | ) |  |  | (40,266 | ) |  |  | (73,972 | ) |  |  | (90,442 | )
Government systems |  |  | 77,029 |  |  |  | 24,809 |  |  |  | 164,268 |  |  |  | 42,655 |
Elimination of intersegment operating profits (losses) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment operating profit (loss) before corporate and amortization of acquired intangible assets |  |  | 47,801 |  |  |  | (23,878 | ) |  |  | (689,197 | ) |  |  | (60,929 | )
Corporate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of acquired intangible assets |  |  | (91,719 | ) |  |  | (7,433 | ) |  |  | (200,904 | ) |  |  | (22,335 | )
Income (loss) from operations |  | $ | (43,918 | ) |  | $ | (31,311 | ) |  | $ | (890,101 | ) |  | $ | (83,264 | )
Segment Assets | Segment assets as of December 31, 2023 and March 31, 2023 were as follows:
|  | As of December 31, 2023 |  |  | As of March 31, 2023 |
|  | (In thousands) |
Segment assets: |  |  |  |  |  |
Satellite services |  | $ | 3,729,631 |  |  | $ | 424,881 |
Commercial networks |  |  | 404,705 |  |  |  | 328,828 |
Government systems |  |  | 1,281,096 |  |  |  | 293,780 |
Total segment assets |  |  | 5,415,432 |  |  |  | 1,047,489 |
Corporate assets |  |  | 11,235,223 |  |  |  | 6,682,848 |
Total assets |  | $ | 16,650,655 |  |  | $ | 7,730,337 |
Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment | Other acquired intangible assets, net and goodwill included in segment assets as of December 31, 2023 and March 31, 2023 were as follows:
|  | Other Acquired Intangible Assets, Net |  |  | Goodwill |
|  | As of December 31, 2023 |  |  | As of March 31, 2023 |  |  | As of December 31, 2023 |  |  | As of March 31, 2023 |
|  | (In thousands) |
Satellite services |  | $ | 2,375,977 |  |  | $ | 200,097 |  |  | $ | 1,050,740 |  |  | $ | 80,589 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | 41,188 |  |  |  | 41,014 |
Government systems |  |  | 397,688 |  |  |  | 1,108 |  |  |  | 521,778 |  |  |  | 36,939 |
Total |  | $ | 2,773,665 |  |  | $ | 201,205 |  |  | $ | 1,613,706 |  |  | $ | 158,542 |
Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2023 and 2022 was as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2023 |  |  | December 31, 2022 |  |  | December 31, 2023 |  |  | December 31, 2022 |
|  | (In thousands) |
Satellite services |  | $ | 80,328 |  |  | $ | 7,142 |  |  | $ | 179,151 |  |  | $ | 21,458 |
Commercial networks |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Government systems |  |  | 11,391 |  |  |  | 291 |  |  |  | 21,753 |  |  |  | 877 |
Total amortization of acquired intangible assets |  | $ | 91,719 |  |  | $ | 7,433 |  |  | $ | 200,904 |  |  | $ | 22,335 |
Revenues by Geographic Area | Revenues by geographic area for the three and nine months ended December 31, 2023 and 2022 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2023 |  |  | December 31, 2023 |
|  | (In thousands) |
U.S. customers |  | $ | 769,135 |  |  | $ | 2,239,718 |
Non-U.S. customers (each country individually insignificant) |  |  | 359,404 |  |  |  | 894,027 |
Total revenues |  | $ | 1,128,539 |  |  | $ | 3,133,745 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2022 |  |  | December 31, 2022 |
|  | (In thousands) |
U.S. customers |  | $ | 542,702 |  |  | $ | 1,590,535 |
Non-U.S. customers (each country individually insignificant) |  |  | 108,742 |  |  |  | 299,524 |
Total revenues |  | $ | 651,444 |  |  | $ | 1,890,059 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration