XML 12 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
9 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Cash flows from operating activities:    
Net income (loss) $ (962,014) $ (109,020)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 598,052 307,632
Amortization of intangible assets 246,918 65,848
Stock-based compensation expense 65,669 64,941
Satellite impairment and disposition of fixed assets losses, net 858,010 36,337
Deferred income taxes and other non-cash adjustments (111,293) 81,847
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable (60,618) (76,208)
Inventories (53,929) (64,474)
Other assets 58,090 8,680
Accounts payable 4,172 55,421
Accrued liabilities (80,895) (19,374)
Other liabilities (105,952) (34,018)
Net cash provided by (used in) operating activities 456,210 317,612
Cash flows from investing activities:    
Purchase of property, equipment and satellites, and other assets (1,161,490) (850,747)
Payment related to acquisition of a business, net of cash acquired (342,621)  
Proceeds from sale of short-term investments 134,266  
Payments to acquire short-term investments (82,000)  
Net cash provided by (used in) investing activities (1,451,845) (850,747)
Cash flows from financing activities:    
Proceeds from debt borrowings 1,334,683 540,000
Payments on debt borrowings (48,457) (93,853)
Payments of debt issuance costs (50,390) (1,511)
Proceeds from issuance of common stock under equity plans 10,130 9,626
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation (11,220) (15,921)
Repurchase of shares by majority-owned subsidiary   (30,000)
Other financing activities 1,339 (2,374)
Net cash provided by (used in) financing activities 1,236,085 405,967
Effect of exchange rate changes on cash 1,392 (1,161)
Net increase (decrease) in cash and cash equivalents and restricted cash 241,842 (128,329)
Cash and cash equivalents and restricted cash at beginning of period 1,379,386 310,459
Cash and cash equivalents at end of period 1,621,228 182,130
Non-cash investing and financing activities:    
Issuance of common stock in satisfaction of certain accrued compensation liabilities 31,173 27,619
Right-of-use assets obtained in exchange for operating lease liabilities 15,727 6,923
Capital expenditures not paid for during the period   $ 78,642
Inmarsat [Member]    
Non-cash investing and financing activities:    
Issuance of common stock in connection with acquisition $ 2,123,455