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Basis of Presentation (Tables)
3 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Summary of Disaggregation of Revenue by Segment and Product and Services

The following sets forth disaggregated reported revenue by segment and product and services for the three months ended June 30, 2023 and 2022:

 

 

 

 

Three Months Ended June 30, 2023

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

127,881

 

 

$

108,491

 

 

$

236,372

 

Service revenues

 

 

398,484

 

 

 

20,714

 

 

 

124,221

 

 

 

543,419

 

Total revenues

 

$

398,484

 

 

$

148,595

 

 

$

232,712

 

 

$

779,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2022

 

 

 

Satellite
Services

 

 

Commercial
Networks

 

 

Government
Systems

 

 

Total
Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

93,575

 

 

$

78,920

 

 

$

172,495

 

Service revenues

 

 

312,100

 

 

 

19,209

 

 

 

71,252

 

 

 

402,561

 

Total revenues

 

$

312,100

 

 

$

112,784

 

 

$

150,172

 

 

$

575,056

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of June 30, 2023 and March 31, 2023:

 

 

 

As of
 June 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

130,655

 

 

$

104,889

 

Collections in excess of revenues and deferred revenues

 

 

291,749

 

 

 

132,187

 

Deferred revenues, long-term portion

 

 

1,040,119

 

 

 

84,747

 

Summary of Restrictions on Cash and Cash Equivalents the following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that total to the amounts shown in the condensed consolidated statements of cash flows.

 

 

 

As of
 June 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Cash and cash equivalents

 

$

1,958,506

 

 

$

1,348,854

 

Restricted cash

 

 

33,964

 

 

 

30,532

 

Total cash and cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows

 

$

1,992,470

 

 

$

1,379,386