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Segment Information (Tables) | 3 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Revenues and Operating Profits (Losses) | Segment revenues and operating profits (losses) for the three months ended June 30, 2024 and 2023 were as follows:
|  | Three Months Ended |  |
|  | June 30, 2024 |  |  | June 30, 2023 |  |
|  | (In thousands)
Revenues: |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |
Aviation services |  | $ | 257,155 |  |  | $ | 151,112 |  |
Government satcom services |  |  | 183,873 |  |  |  | 82,624 |  |
Maritime services |  |  | 123,947 |  |  |  | 45,345 |  |
Fixed services and other services |  |  | 201,636 |  |  |  | 214,692 |  |
Total services |  |  | 766,611 |  |  |  | 493,773 |  |
Total products |  |  | 60,176 |  |  |  | 66,487 |  |
Total communication services revenues |  |  | 826,787 |  |  |  | 560,260 |  |
Defense and advanced technologies |  |  |  |  |  |  |
Total services |  |  | 54,110 |  |  |  | 49,646 |  |
Information security and cyber defense products |  |  | 55,507 |  |  |  | 56,676 |  |
Space and mission systems products |  |  | 73,306 |  |  |  | 72,387 |  |
Tactical networking products |  |  | 71,410 |  |  |  | 37,384 |  |
Advanced technologies and other products |  |  | 45,340 |  |  |  | 3,438 |  |
Total products |  |  | 245,563 |  |  |  | 169,885 |  |
Total defense and advanced technologies revenues |  |  | 299,673 |  |  |  | 219,531 |  |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |
Total revenues |  | $ | 1,126,460 |  |  | $ | 779,791 |  |
Operating profits (losses): |  |  |  |  |  |  |
Communication services |  | $ | 41,939 |  |  | $ | (9,943 | ) |
Defense and advanced technologies |  |  | 84,011 |  |  |  | (3,762 | ) |
Elimination of intersegment operating profits (losses) |  |  | — |  |  |  | — |  |
Segment operating profit (loss) before corporate and amortization of acquired intangible assets |  |  | 125,950 |  |  |  | (13,705 | ) |
Corporate |  |  | — |  |  |  | — |  |
Amortization of acquired intangible assets |  |  | (66,215 | ) |  |  | (27,811 | ) |
Income (loss) from operations |  | $ | 59,735 |  |  | $ | (41,516 | ) |
Segment Assets | Segment assets as of June 30, 2024 and March 31, 2024 were as follows:
|  | As of June 30, 2024 |  |  | As of March 31, 2024 |
|  | (In thousands) |
Segment assets: |  |  |  |  |  |
Communication services |  | $ | 4,752,423 |  |  | $ | 4,819,535 |
Defense and advanced technologies |  |  | 367,759 |  |  |  | 341,450 |
Total segment assets |  |  | 5,120,182 |  |  |  | 5,160,985 |
Corporate assets |  |  | 10,967,687 |  |  |  | 11,168,379 |
Total assets |  | $ | 16,087,869 |  |  | $ | 16,329,364 |
Other Acquired Intangible Assets, Net, Goodwill Included in Segment Assets and Depreciation and Amortization of Acquired Intangible Assets by Segment | Other acquired intangible assets, net and goodwill included in segment assets as of June 30, 2024 and March 31, 2024 were as follows:
|  | Other Acquired Intangible Assets, Net |  |  | Goodwill |
|  | As of June 30, 2024 |  |  | As of March 31, 2024 |  |  | As of June 30, 2024 |  |  | As of March 31, 2024 |
|  | (In thousands) |
Communication services |  | $ | 2,475,492 |  |  | $ | 2,544,315 |  |  | $ | 1,581,631 |  |  | $ | 1,581,937 |
Defense and advanced technologies |  |  | — |  |  |  | 152 |  |  |  | 39,842 |  |  |  | 39,826 |
Total |  | $ | 2,475,492 |  |  | $ | 2,544,467 |  |  | $ | 1,621,473 |  |  | $ | 1,621,763 |
Depreciation and amortization of intangible assets allocated to segments for the three months ended June 30, 2024 and 2023 was as follows:
|  | Three Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
|  | (In thousands) |
Communication services |  | $ | 249,133 |  |  | $ | 134,783 |
Defense and advanced technologies |  |  | 15,856 |  |  |  | 11,985 |
Corporate (1) |  |  | 66,215 |  |  |  | 27,811 |
Total depreciation and amortization of intangible assets |  | $ | 331,204 |  |  | $ | 174,579 |
Revenues by Geographic Area | Revenues by geographic area for the three months ended June 30, 2024 and 2023 were as follows:
|  | Three Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
|  | (In thousands) |
U.S. customers |  | $ | 776,495 |  |  | $ | 593,162 |
Non-U.S. customers (each country individually insignificant) |  |  | 349,965 |  |  |  | 186,629 |
Total revenues |  | $ | 1,126,460 |  |  | $ | 779,791 |

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