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Segment Information (Tables)
3 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three months ended June 30, 2024 and 2023 were as follows:

 

 

Three Months Ended

 

 

 

 

June 30, 2024

 

 

June 30, 2023

 

 

 

 

(In thousands)

Revenues:

 

 

 

 

 

 

 

Communication services

 

 

 

 

 

 

 

Aviation services

 

$

257,155

 

 

$

151,112

 

 

Government satcom services

 

 

183,873

 

 

 

82,624

 

 

Maritime services

 

 

123,947

 

 

 

45,345

 

 

Fixed services and other services

 

 

201,636

 

 

 

214,692

 

 

Total services

 

 

766,611

 

 

 

493,773

 

 

Total products

 

 

60,176

 

 

 

66,487

 

 

Total communication services revenues

 

 

826,787

 

 

 

560,260

 

 

Defense and advanced technologies

 

 

 

 

 

 

 

Total services

 

 

54,110

 

 

 

49,646

 

 

 

 

 

 

 

 

 

 

Information security and cyber defense products

 

 

55,507

 

 

 

56,676

 

 

Space and mission systems products

 

 

73,306

 

 

 

72,387

 

 

Tactical networking products

 

 

71,410

 

 

 

37,384

 

 

Advanced technologies and other products

 

 

45,340

 

 

 

3,438

 

 

Total products

 

 

245,563

 

 

 

169,885

 

 

Total defense and advanced technologies revenues

 

 

299,673

 

 

 

219,531

 

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

Total revenues

 

$

1,126,460

 

 

$

779,791

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

Communication services

 

$

41,939

 

 

$

(9,943

)

 

Defense and advanced technologies

 

 

84,011

 

 

 

(3,762

)

 

Elimination of intersegment operating
   profits (losses)

 

 

 

 

 

 

 

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

 

 

125,950

 

 

 

(13,705

)

 

Corporate

 

 

 

 

 

 

 

Amortization of acquired intangible
   assets

 

 

(66,215

)

 

 

(27,811

)

 

Income (loss) from operations

 

$

59,735

 

 

$

(41,516

)

 

Segment Assets Segment assets as of June 30, 2024 and March 31, 2024 were as follows:

 

 

 

As of
 June 30, 2024

 

 

As of
 March 31, 2024

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Communication services

 

$

4,752,423

 

 

$

4,819,535

 

Defense and advanced technologies

 

 

367,759

 

 

 

341,450

 

Total segment assets

 

 

5,120,182

 

 

 

5,160,985

 

Corporate assets

 

 

10,967,687

 

 

 

11,168,379

 

Total assets

 

$

16,087,869

 

 

$

16,329,364

 

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

Other acquired intangible assets, net and goodwill included in segment assets as of June 30, 2024 and March 31, 2024 were as follows:

 

 

Other Acquired Intangible
Assets, Net

 

 

Goodwill

 

 

 

As of
 June 30, 2024

 

 

As of
 March 31, 2024

 

 

As of
 June 30, 2024

 

 

As of
 March 31, 2024

 

 

 

(In thousands)

 

Communication services

 

$

2,475,492

 

 

$

2,544,315

 

 

$

1,581,631

 

 

$

1,581,937

 

Defense and advanced technologies

 

 

 

 

 

152

 

 

 

39,842

 

 

 

39,826

 

Total

 

$

2,475,492

 

 

$

2,544,467

 

 

$

1,621,473

 

 

$

1,621,763

 

 

Depreciation and amortization of intangible assets allocated to segments for the three months ended June 30, 2024 and 2023 was as follows:

 

 

Three Months Ended

 

 

 

June 30, 2024

 

 

June 30, 2023

 

 

 

(In thousands)

 

Communication services

 

$

249,133

 

 

$

134,783

 

Defense and advanced technologies

 

 

15,856

 

 

 

11,985

 

Corporate (1)

 

 

66,215

 

 

 

27,811

 

Total depreciation and amortization of
   intangible assets

 

$

331,204

 

 

$

174,579

 

Revenues by Geographic Area

Revenues by geographic area for the three months ended June 30, 2024 and 2023 were as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2024

 

 

June 30, 2023

 

 

 

(In thousands)

 

U.S. customers

 

$

776,495

 

 

$

593,162

 

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

 

 

349,965

 

 

 

186,629

 

Total revenues

 

$

1,126,460

 

 

$

779,791