| Composition of Certain Balance Sheet Captions |
Note 2 — Composition of Certain Balance Sheet Captions
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As of
December 31, 2025 |
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As of
March 31, 2025 |
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(In thousands) |
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Accounts receivable, net: |
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Billed |
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$ |
542,120 |
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$ |
539,522 |
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Unbilled |
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227,751 |
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180,871 |
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Allowance for doubtful accounts |
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(20,476 |
) |
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(20,841 |
) |
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$ |
749,395 |
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$ |
699,552 |
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Inventories: |
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Raw materials |
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$ |
110,955 |
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$ |
96,893 |
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Work in process |
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16,977 |
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19,761 |
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Finished goods |
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159,022 |
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177,289 |
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$ |
286,954 |
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$ |
293,943 |
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Prepaid expenses and other current assets: |
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Prepaid expenses |
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$ |
174,854 |
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$ |
176,694 |
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Other |
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91,570 |
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105,649 |
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$ |
266,424 |
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$ |
282,343 |
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Property, equipment and satellites, net: |
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Equipment and software (estimated useful life of 3-7 years) | |
$ |
4,094,183 |
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$ |
3,837,083 |
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CPE leased equipment (estimated useful life of 4-7 years) | |
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525,057 |
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525,972 |
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Furniture and fixtures (estimated useful life of 7 years) |
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54,143 |
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58,153 |
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Leasehold improvements (estimated useful life of 2-20 years) | |
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318,913 |
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313,249 |
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Buildings (estimated useful life of 12-38 years) | |
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15,352 |
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15,388 |
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Land |
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11,251 |
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19,661 |
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Construction in progress |
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750,826 |
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722,194 |
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Satellites (estimated useful life of 7-17 years) | |
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3,412,988 |
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3,405,067 |
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Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-15 years) | |
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339,351 |
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338,201 |
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Satellites under construction |
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2,534,840 |
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2,205,305 |
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12,056,904 |
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11,440,273 |
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Less: accumulated depreciation and amortization |
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(4,757,439 |
) |
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(4,034,609 |
) |
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$ |
7,299,465 |
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$ |
7,405,664 |
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Acquired intangible assets, net: |
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Contracts and customer relationships (weighted average useful life of 11 years) |
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$ |
1,433,006 |
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$ |
1,432,562 |
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Orbital slots and spectrum assets (weighted average useful life of 12 years) |
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1,088,600 |
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1,088,600 |
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Technology (weighted average useful life of 7 years) |
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224,488 |
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247,921 |
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Trade names (weighted average useful life of 8 years) |
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114,590 |
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116,949 |
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Other (weighted average useful life of 9 years) |
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18,682 |
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18,017 |
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2,879,366 |
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2,904,049 |
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Less: accumulated amortization |
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(817,508 |
) |
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(633,272 |
) |
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$ |
2,061,858 |
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$ |
2,270,777 |
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Other assets: |
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Deferred income taxes |
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$ |
107,242 |
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$ |
160,452 |
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Capitalized software costs, net |
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301,544 |
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264,492 |
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Patents, orbital slots and other licenses, net |
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123,559 |
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119,193 |
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Other |
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311,395 |
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301,641 |
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$ |
843,740 |
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$ |
845,778 |
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Accrued and other liabilities: |
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Collections in excess of revenues and deferred revenues |
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$ |
294,152 |
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$ |
294,034 |
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Accrued employee compensation |
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147,340 |
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185,556 |
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Accrued vacation |
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43,038 |
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46,651 |
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Operating lease liabilities |
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68,856 |
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65,310 |
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Interest payable |
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78,037 |
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52,183 |
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Other |
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268,132 |
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264,795 |
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$ |
899,555 |
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$ |
908,529 |
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Other liabilities: |
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Deferred revenues, long-term portion |
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$ |
1,078,238 |
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$ |
786,710 |
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Deferred income taxes |
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986,612 |
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1,069,717 |
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Other |
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292,469 |
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324,726 |
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$ |
2,357,319 |
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$ |
2,181,153 |
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