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Segment Information (Tables) | 9 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Revenues and Operating Profits (Losses) | Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2024 and 2023 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2024 |  |  | December 31, 2023 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |  |  |  |  |  |
Aviation services |  | $ | 263,880 |  |  | $ | 236,008 |  |  | $ | 783,022 |  |  | $ | 611,169 |
Government satcom services |  |  | 195,048 |  |  |  | 176,311 |  |  |  | 558,796 |  |  |  | 428,778 |
Maritime services |  |  | 118,895 |  |  |  | 130,121 |  |  |  | 364,021 |  |  |  | 305,894 |
Fixed services and other services |  |  | 181,162 |  |  |  | 229,929 |  |  |  | 567,651 |  |  |  | 691,063 |
Total services |  |  | 758,985 |  |  |  | 772,369 |  |  |  | 2,273,490 |  |  |  | 2,036,904 |
Total products |  |  | 61,362 |  |  |  | 102,489 |  |  |  | 200,029 |  |  |  | 244,771 |
Total communication services revenues |  |  | 820,347 |  |  |  | 874,858 |  |  |  | 2,473,519 |  |  |  | 2,281,675 |
Defense and advanced technologies |  |  |  |  |  |  |  |  |  |  |  |
Total services |  |  | 50,385 |  |  |  | 53,097 |  |  |  | 154,915 |  |  |  | 155,667 |
Information security and cyber defense products |  |  | 89,497 |  |  |  | 72,115 |  |  |  | 228,552 |  |  |  | 211,169 |
Space and mission systems products |  |  | 77,752 |  |  |  | 65,182 |  |  |  | 229,840 |  |  |  | 229,875 |
Tactical networking products |  |  | 78,528 |  |  |  | 57,676 |  |  |  | 229,972 |  |  |  | 137,505 |
Advanced technologies and other products |  |  | 7,258 |  |  |  | 5,611 |  |  |  | 55,691 |  |  |  | 117,854 |
Total products |  |  | 253,035 |  |  |  | 200,584 |  |  |  | 744,055 |  |  |  | 696,403 |
Total defense and advanced technologies revenues |  |  | 303,420 |  |  |  | 253,681 |  |  |  | 898,970 |  |  |  | 852,070 |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  | $ | 1,123,767 |  |  | $ | 1,128,539 |  |  | $ | 3,372,489 |  |  | $ | 3,133,745 |
Operating profits (losses): |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  | $ | 44,357 |  |  | $ | 36,049 |  |  | $ | 85,829 |  |  | $ | (805,080 | )
Defense and advanced technologies |  |  | 42,738 |  |  |  | 11,752 |  |  |  | 168,562 |  |  |  | 115,883 |
Elimination of intersegment operating profits (losses) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment operating profit (loss) before corporate and amortization of acquired intangible assets |  |  | 87,095 |  |  |  | 47,801 |  |  |  | 254,391 |  |  |  | (689,197 | )
Corporate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of acquired intangible assets |  |  | (65,847 | ) |  |  | (91,719 | ) |  |  | (198,086 | ) |  |  | (200,904 | )
Income (loss) from operations |  | $ | 21,248 |  |  | $ | (43,918 | ) |  | $ | 56,305 |  |  | $ | (890,101 | )
Segment Assets | Segment assets as of December 31, 2024 and March 31, 2024 were as follows:
|  | As of December 31, 2024 |  |  | As of March 31, 2024 |
|  | (In thousands) |
Segment assets: |  |  |  |  |  |
Communication services |  | $ | 4,543,153 |  |  | $ | 4,819,535 |
Defense and advanced technologies |  |  | 382,941 |  |  |  | 341,450 |
Total segment assets |  |  | 4,926,094 |  |  |  | 5,160,985 |
Corporate assets |  |  | 10,674,257 |  |  |  | 11,168,379 |
Total assets |  | $ | 15,600,351 |  |  | $ | 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 December 31, 2024 and March 31, 2024 were as follows:
|  | Other Acquired Intangible Assets, Net |  |  | Goodwill |
|  | As of December 31, 2024 |  |  | As of March 31, 2024 |  |  | As of December 31, 2024 |  |  | As of March 31, 2024 |
|  | (In thousands) |
Communication services |  | $ | 2,338,088 |  |  | $ | 2,544,315 |  |  | $ | 1,580,480 |  |  | $ | 1,581,937 |
Defense and advanced technologies |  |  | — |  |  |  | 152 |  |  |  | 39,787 |  |  |  | 39,826 |
Total |  | $ | 2,338,088 |  |  | $ | 2,544,467 |  |  | $ | 1,620,267 |  |  | $ | 1,621,763 |
Depreciation and amortization of intangible assets allocated to segments for the three and nine months ended December 31, 2024 and 2023 was as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2024 |  |  | December 31, 2023 |
|  | (In thousands) |
Communication services |  | $ | 254,962 |  |  | $ | 231,274 |  |  | $ | 776,134 |  |  | $ | 604,738 |
Defense and advanced technologies |  |  | 16,946 |  |  |  | 13,633 |  |  |  | 49,405 |  |  |  | 39,328 |
Corporate (1) |  |  | 65,847 |  |  |  | 91,719 |  |  |  | 198,086 |  |  |  | 200,904 |
Total depreciation and amortization of intangible assets |  | $ | 337,755 |  |  | $ | 336,626 |  |  | $ | 1,023,625 |  |  | $ | 844,970 |
(1) Corporate amounts include the amortization of acquired intangible assets as they are not considered part of management’s evaluation of segment performance.
Revenues by Geographic Area | Revenues by geographic area for the three and nine months ended December 31, 2024 and 2023 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2024 |  |  | December 31, 2024 |
|  | (In thousands) |
U.S. customers |  | $ | 774,383 |  |  | $ | 2,327,663 |
Non-U.S. customers (each country individually insignificant) |  |  | 349,384 |  |  |  | 1,044,826 |
Total revenues |  | $ | 1,123,767 |  |  | $ | 3,372,489 |
|  | 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 |

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