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Composition of Certain Balance Sheet Captions (Tables)
12 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

As of
March 31, 2025

 

 

As of
March 31, 2024

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

539,522

 

 

$

545,081

 

Unbilled

 

 

180,871

 

 

 

156,322

 

Allowance for doubtful accounts

 

 

(20,841

)

 

 

(23,193

)

 

$

699,552

 

 

$

678,210

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

96,893

 

 

$

89,778

 

Work in process

 

 

19,761

 

 

 

31,884

 

Finished goods

 

 

177,289

 

 

 

196,216

 

 

 

$

293,943

 

 

$

317,878

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Insurance receivable

 

$

10,000

 

 

$

261,500

 

Prepaid expenses

 

 

176,694

 

 

 

185,892

 

Other

 

 

95,649

 

 

 

134,391

 

 

 

$

282,343

 

 

$

581,783

 

Property, equipment and satellites, net:

 

 

 

 

 

 

Equipment and software (estimated useful life of 3-7 years)

 

$

3,837,083

 

 

$

2,992,325

 

CPE leased equipment (estimated useful life of 4-7 years)

 

 

525,972

 

 

 

567,548

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

58,153

 

 

 

65,433

 

Leasehold improvements (estimated useful life of 2-20 years)

 

 

313,249

 

 

 

209,162

 

Buildings (estimated useful life of 12-38 years)

 

 

15,388

 

 

 

16,647

 

Land

 

 

19,661

 

 

 

20,787

 

Construction in progress

 

 

722,194

 

 

 

1,301,376

 

Satellites (estimated useful life of 7-17 years)

 

 

3,405,067

 

 

 

3,324,458

 

Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-15 years)

 

 

338,201

 

 

 

177,576

 

Satellites under construction

 

 

2,205,305

 

 

 

1,976,469

 

 

 

 

11,440,273

 

 

 

10,651,781

 

Less: accumulated depreciation and amortization

 

 

(4,034,609

)

 

 

(3,094,575

)

 

 

$

7,405,664

 

 

$

7,557,206

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

160,452

 

 

$

163,590

 

Capitalized software costs, net

 

 

264,492

 

 

 

240,597

 

Patents, orbital slots and other licenses, net

 

 

119,193

 

 

 

112,535

 

Other

 

 

301,641

 

 

 

217,225

 

 

$

845,778

 

 

$

733,947

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

294,034

 

 

$

260,264

 

Accrued employee compensation

 

 

185,556

 

 

 

177,854

 

Accrued vacation

 

 

46,651

 

 

 

48,636

 

Operating lease liabilities

 

 

65,310

 

 

 

71,561

 

Interest payable

 

 

52,183

 

 

 

127,098

 

Other

 

 

264,795

 

 

 

265,208

 

 

 

$

908,529

 

 

$

950,621

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

786,710

 

 

$

896,402

 

Deferred income taxes

 

 

1,069,717

 

 

 

1,228,270

 

Other

 

 

324,726

 

 

 

327,428

 

 

 

$

2,181,153

 

 

$

2,452,100