Income Taxes (Tables)

12 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Components of (loss) Income Before Income Taxes

The components of income (loss) before income taxes by jurisdiction were as follows:

	Fiscal Years Ended
	March 31,  2025			March 31,  2024			March 31,  2023
	(In thousands)
United States	$	(329,591	)	$	(859,006	)	$	(94,019	)
Foreign		(215,703	)		(334,940	)		(68,136	)
	$	(545,294	)	$	(1,193,946	)	$	(162,155	)

Summary of (Provision for) Benefit from Income Taxes

The (provision for) benefit from income taxes included the following:

	Fiscal Years Ended
	March 31,  2025			March 31,  2024			March 31,  2023
	(In thousands)
Current tax (provision) benefit:
Federal	$	(28,247	)	$	(12,128	)	$	(11,494	)
State		(2,661	)		(1,010	)		(5,231	)
Foreign		(117,042	)		(27,028	)		(5,965	)
		(147,950	)		(40,166	)		(22,690	)
Deferred tax (provision) benefit:
Federal		16,770			74,404			40,889
State		(102	)		5,166			(80,715	)
Foreign		132,223			100,070			13,098
		148,891			179,640			(26,728	)
Total (provision for) benefit from income taxes	$	941		$	139,474		$	(49,418	)

Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets were as follows:

	As of
	March 31,  2025			March 31,  2024
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	252,589		$	198,548
Tax credit carryforwards		159,806			141,015
Capitalized research and development costs		136,191			143,581
Operating lease liabilities		99,877			94,360
Interest carryforwards		105,182			88,269
Other		198,071			201,160
Valuation allowance		(430,501	)		(353,642	)
Total deferred tax assets		521,215			513,291
Deferred tax liabilities:
Intangible assets		(576,599	)		(683,366	)
Property, equipment and satellites		(689,880	)		(725,990	)
Operating lease assets		(88,083	)		(80,258	)
Other		(75,918	)		(88,357	)
Total deferred tax liabilities		(1,430,480	)		(1,577,971	)
Net deferred tax assets (liabilities)	$	(909,265	)	$	(1,064,680	)

Reconciliation of Benefit from (Provision for) Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to (Loss) Income before Income Taxes

A reconciliation of the benefit from (provision for) income taxes to the amount computed by applying the statutory federal income tax rate to income (loss) before income taxes is as follows:

	Fiscal Years Ended
	March 31,  2025			March 31,  2024			March 31,  2023
	(In thousands)
Tax (provision) benefit at federal statutory rate	$	114,512		$	250,728		$	34,047
State tax provision, net of federal benefit		8,908			28,621			202
Tax credits		16,004			28,574			23,925
Change in federal valuation allowances		(49,566	)		(105,968	)	—
Change in state valuation allowances		(10,880	)		(27,251	)		(73,600	)
Non-deductible compensation		(2,459	)		(5,240	)		(3,096	)
Non-deductible transaction costs		(40	)		(18,911	)		(167	)
Non-deductible meals and entertainment		(1,112	)		(1,077	)		(693	)
Stock-based compensation		(12,932	)		(12,182	)		(12,032	)
Change in state effective tax rate		(452	)		292			458
Base Erosion and Anti-Abuse Tax (BEAT)		(30,448	)	—				(8,610	)
Foreign effective tax rate differential, net of valuation allowance		(9,185	)		6,199			(5,769	)
Unremitted subsidiary gains		(7,043	)		(1,586	)		(887	)
Withholding taxes		(6,852	)		(4,981	)		(1,591	)
Other		(7,514	)		2,256			(1,605	)
Total (provision for) benefit from income taxes	$	941		$	139,474		$	(49,418	)

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	As of
	March 31,  2025			March 31,  2024			March 31,  2023
	(In thousands)
Balance, beginning of fiscal year	$	185,595		$	129,738		$	112,806
Increase related to prior year tax positions		1,571			2,728			2,549
Decrease related to prior year tax positions		(253	)		(190	)		(632	)
Increase related to current year tax positions		14,017			15,608			16,123
Increase related to business combinations	—				54,193		—
Expiration of the statute of limitations for the assessment of taxes		(12,744	)		(16,482	)		(1,108	)
Balance, end of fiscal year	$	188,186		$	185,595		$	129,738