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Composition of Certain Balance Sheet Captions (Tables)
3 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

As of
 June 30, 2022

 

 

As of
 March 31, 2022

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

289,580

 

 

$

263,383

 

Unbilled

 

 

95,799

 

 

 

103,045

 

Allowance for doubtful accounts

 

 

(13,261

)

 

 

(7,159

)

 

 

$

372,118

 

 

$

359,269

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

106,047

 

 

$

92,650

 

Work in process

 

 

65,107

 

 

 

64,371

 

Finished goods

 

 

190,853

 

 

 

184,869

 

 

 

$

362,007

 

 

$

341,890

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Prepaid expenses

 

$

104,039

 

 

$

107,885

 

Other

 

 

68,653

 

 

 

39,969

 

 

 

$

172,692

 

 

$

147,854

 

Property, equipment and satellites, net:

 

 

 

 

 

 

Equipment and software (estimated useful life of 3-7 years)

 

$

1,796,855

 

 

$

1,750,855

 

CPE leased equipment (estimated useful life of 4-5 years)

 

 

385,428

 

 

 

395,539

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

59,196

 

 

 

58,602

 

Leasehold improvements (estimated useful life of 2-17 years)

 

 

151,207

 

 

 

151,508

 

Buildings (estimated useful life of 12-38 years)

 

 

12,340

 

 

 

12,440

 

Land

 

 

3,854

 

 

 

3,944

 

Construction in progress

 

 

447,147

 

 

 

387,668

 

Satellites (estimated useful life of 7-17 years)

 

 

1,054,551

 

 

 

1,059,182

 

Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-11 years)

 

 

176,348

 

 

 

173,480

 

Satellites under construction

 

 

1,917,973

 

 

 

1,808,474

 

 

 

 

6,004,899

 

 

 

5,801,692

 

Less: accumulated depreciation and amortization

 

 

(2,140,400

)

 

 

(2,059,780

)

 

 

$

3,864,499

 

 

$

3,741,912

 

Other acquired intangible assets, net:

 

 

 

 

 

 

Technology (weighted average useful life of 7 years)

 

$

150,063

 

 

$

154,624

 

Contracts and customer relationships (weighted average useful life of 10 years)

 

 

161,888

 

 

 

164,635

 

Satellite co-location rights (weighted average useful life of 9 years)

 

 

8,600

 

 

 

8,600

 

Trade name (weighted average useful life of 7 years)

 

 

32,138

 

 

 

32,463

 

Other (weighted average useful life of 11 years)

 

 

21,754

 

 

 

22,263

 

 

 

 

374,443

 

 

 

382,585

 

Less: accumulated amortization

 

 

(152,256

)

 

 

(146,542

)

 

 

$

222,187

 

 

$

236,043

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

314,970

 

 

$

304,642

 

Capitalized software costs, net

 

 

221,126

 

 

 

221,647

 

Patents, orbital slots and other licenses, net

 

 

65,525

 

 

 

62,200

 

Other

 

 

133,983

 

 

 

117,141

 

 

 

$

735,604

 

 

$

705,630

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

154,828

 

 

$

148,906

 

Accrued employee compensation

 

 

34,119

 

 

 

113,554

 

Accrued vacation

 

 

50,045

 

 

 

51,675

 

Warranty reserve, current portion

 

 

4,963

 

 

 

5,043

 

Operating lease liabilities

 

 

52,629

 

 

 

52,122

 

Other

 

 

144,557

 

 

 

145,122

 

 

 

$

441,141

 

 

$

516,422

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

85,216

 

 

$

90,151

 

Warranty reserve, long-term portion

 

 

5,533

 

 

 

5,675

 

Satellite performance incentive obligations, long-term portion

 

 

17,700

 

 

 

18,651

 

Deferred income taxes

 

 

15,775

 

 

 

16,869

 

Other

 

 

24,950

 

 

 

26,105

 

 

 

$

149,174

 

 

$

157,451