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Segment Information (Tables)
3 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three months ended June 30, 2023 and 2022 were as follows:

 

 

Three Months Ended

 

 

 

June 30, 2023

 

 

June 30, 2022

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

Product

 

$

 

 

$

 

Service

 

 

398,484

 

 

 

312,100

 

Total

 

 

398,484

 

 

 

312,100

 

Commercial networks

 

 

 

 

 

 

Product

 

 

127,881

 

 

 

93,575

 

Service

 

 

20,714

 

 

 

19,209

 

Total

 

 

148,595

 

 

 

112,784

 

Government systems

 

 

 

 

 

 

Product

 

 

108,491

 

 

 

78,920

 

Service

 

 

124,221

 

 

 

71,252

 

Total

 

 

232,712

 

 

 

150,172

 

Elimination of intersegment revenues

 

 

 

 

 

 

Total revenues

 

$

779,791

 

 

$

575,056

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

Satellite services

 

$

11,438

 

 

$

1,345

 

Commercial networks

 

 

(46,712

)

 

 

(49,380

)

Government systems

 

 

21,569

 

 

 

(1,080

)

Elimination of intersegment operating
   profits (losses)

 

 

 

 

 

 

Segment operating profit (loss) before corporate
   and amortization of acquired intangible
   assets

 

 

(13,705

)

 

 

(49,115

)

Corporate

 

 

 

 

 

 

Amortization of acquired intangible
   assets

 

 

(27,811

)

 

 

(7,523

)

Income (loss) from operations

 

$

(41,516

)

 

$

(56,638

)

Segment Assets Segment assets as of June 30, 2023 and March 31, 2023 were as follows:

 

 

 

As of
 June 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

3,629,690

 

 

$

424,881

 

Commercial networks

 

 

360,191

 

 

 

328,828

 

Government systems

 

 

1,115,744

 

 

 

293,780

 

Total segment assets

 

 

5,105,625

 

 

 

1,047,489

 

Corporate assets

 

 

12,791,981

 

 

 

6,682,848

 

Total assets

 

$

17,897,606

 

 

$

7,730,337

 

Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment

Other acquired intangible assets, net and goodwill included in segment assets as of June 30, 2023 and March 31, 2023 were as follows:

 

 

Other Acquired Intangible
Assets, Net

 

 

Goodwill

 

 

 

As of
 June 30, 2023

 

 

As of
 March 31, 2023

 

 

As of
 June 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Satellite services

 

$

2,298,775

 

 

$

200,097

 

 

$

1,035,692

 

 

$

80,589

 

Commercial networks

 

 

 

 

 

 

 

 

41,061

 

 

 

41,014

 

Government systems

 

 

247,355

 

 

 

1,108

 

 

 

515,304

 

 

 

36,939

 

Total

 

$

2,546,130

 

 

$

201,205

 

 

$

1,592,057

 

 

$

158,542

 

 

Amortization of acquired intangible assets by segment for the three months ended June 30, 2023 and 2022 was as follows:

 

 

Three Months Ended

 

 

 

June 30, 2023

 

 

June 30, 2022

 

 

 

(In thousands)

 

Satellite services

 

$

21,651

 

 

$

7,228

 

Commercial networks

 

 

 

 

 

 

Government systems

 

 

6,160

 

 

 

295

 

Total amortization of acquired
   intangible assets

 

$

27,811

 

 

$

7,523

 

Revenues by Geographic Area

Revenues by geographic area for the three months ended June 30, 2023 and 2022 were as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2023

 

 

June 30, 2022

 

 

 

(In thousands)

 

U.S. customers

 

$

593,162

 

 

$

483,546

 

Non-U.S. customers (each country individually insignificant)

 

 

186,629

 

 

 

91,510

 

Total revenues

 

$

779,791

 

 

$

575,056