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

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2023

 

 

September 30, 2022

 

 

September 30, 2023

 

 

September 30, 2022

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

 

$

 

Service

 

 

585,334

 

 

 

300,547

 

 

 

983,818

 

 

 

612,647

 

Total

 

 

585,334

 

 

 

300,547

 

 

 

983,818

 

 

 

612,647

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

251,111

 

 

 

159,831

 

 

 

378,992

 

 

 

253,406

 

Service

 

 

24,087

 

 

 

20,196

 

 

 

44,801

 

 

 

39,405

 

Total

 

 

275,198

 

 

 

180,027

 

 

 

423,793

 

 

 

292,811

 

Government systems

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

150,618

 

 

 

101,128

 

 

 

259,109

 

 

 

180,048

 

Service

 

 

214,265

 

 

 

81,857

 

 

 

338,486

 

 

 

153,109

 

Total

 

 

364,883

 

 

 

182,985

 

 

 

597,595

 

 

 

333,157

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

1,225,415

 

 

$

663,559

 

 

$

2,005,206

 

 

$

1,238,615

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

$

(832,046

)

 

$

(6,066

)

 

$

(820,608

)

 

$

(4,721

)

Commercial networks

 

 

43,083

 

 

 

(796

)

 

 

(3,629

)

 

 

(50,176

)

Government systems

 

 

65,670

 

 

 

18,926

 

 

 

87,239

 

 

 

17,846

 

Elimination of intersegment operating
   profits (losses)

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(723,293

)

 

 

12,064

 

 

 

(736,998

)

 

 

(37,051

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible
   assets

 

 

(81,374

)

 

 

(7,379

)

 

 

(109,185

)

 

 

(14,902

)

Income (loss) from operations

 

$

(804,667

)

 

$

4,685

 

 

$

(846,183

)

 

$

(51,953

)

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

 

 

 

As of
 September 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

3,637,061

 

 

$

424,881

 

Commercial networks

 

 

411,772

 

 

 

328,828

 

Government systems

 

 

1,107,635

 

 

 

293,780

 

Total segment assets

 

 

5,156,468

 

 

 

1,047,489

 

Corporate assets

 

 

11,915,576

 

 

 

6,682,848

 

Total assets

 

$

17,072,044

 

 

$

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 September 30, 2023 and March 31, 2023 were as follows:

 

 

Other Acquired Intangible
Assets, Net

 

 

Goodwill

 

 

 

As of
 September 30, 2023

 

 

As of
 March 31, 2023

 

 

As of
 September 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Satellite services

 

$

2,441,089

 

 

$

200,097

 

 

$

891,681

 

 

$

80,589

 

Commercial networks

 

 

 

 

 

 

 

 

41,021

 

 

 

41,014

 

Government systems

 

 

330,748

 

 

 

1,108

 

 

 

442,840

 

 

 

36,939

 

Total

 

$

2,771,837

 

 

$

201,205

 

 

$

1,375,542

 

 

$

158,542

 

 

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2023

 

 

September 30, 2022

 

 

September 30, 2023

 

 

September 30, 2022

 

 

 

(In thousands)

 

Satellite services

 

$

77,172

 

 

$

7,088

 

 

$

98,823

 

 

$

14,316

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Government systems

 

 

4,202

 

 

 

291

 

 

 

10,362

 

 

 

586

 

Total amortization of acquired
   intangible assets

 

$

81,374

 

 

$

7,379

 

 

$

109,185

 

 

$

14,902

 

Revenues by Geographic Area

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2023

 

 

September 30, 2023

 

 

 

(In thousands)

 

U.S. customers

 

$

877,421

 

 

$

1,470,583

 

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

 

 

347,994

 

 

 

534,623

 

Total revenues

 

$

1,225,415

 

 

$

2,005,206

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2022

 

 

September 30, 2022

 

 

 

(In thousands)

 

U.S. customers

 

$

564,287

 

 

$

1,047,833

 

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

 

 

99,272

 

 

 

190,782

 

Total revenues

 

$

663,559

 

 

$

1,238,615