XML 17 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ (531,125) $ (1,057,919) $ 1,090,748
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 1,036,467 867,641 409,564
Amortization of intangible assets 324,340 289,883 90,813
Stock-based compensation expense 80,385 83,631 84,459
Ground network (FY25) and satellite (FY24) impairment, and disposition of fixed assets losses, net 152,898 975,383 45,892
Loss (gain) on extinguishment of debt, net 99,814    
Deferred income taxes and other non-cash adjustments (106,956) (111,077) 380,672
Gain on disposition of business prior to costs to sell     (1,702,686)
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition:      
Accounts receivable (59,726) (69,156) (128,149)
Inventories 33,223 (13,387) (73,135)
Other assets 18,333 45,669 1,125
Accounts payable 40,462 (41,499) 35,514
Accrued liabilities 6,984 (141,610) 184,257
Other liabilities (186,912) (139,363) (51,213)
Net cash provided by (used in) operating activities 908,187 688,196 367,861
Cash flows from investing activities:      
Purchase of property, equipment and satellites, and other assets (1,030,182) (1,539,385) (1,164,317)
Proceeds from insurance claims on satellites 251,500 508,560  
Proceeds from sale of businesses 20,327   1,932,354
Payment related to acquisition of business, net of cash acquired   (342,621)  
Proceeds from sale of short-term investments   164,266  
Payments to acquire short-term investments   (82,000)  
Net cash provided by (used in) investing activities (758,355) (1,291,180) 768,037
Cash flows from financing activities:      
Proceeds from debt borrowings 1,975,000 1,736,539 540,000
Payments on debt borrowings (2,390,713) (567,033) (576,474)
Payments of debt issuance costs (36,284) (53,179) (1,511)
Proceeds from issuance of common stock under equity plans 18,018 19,294 21,686
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation (5,510) (11,713) (16,493)
Other financing activities (3,102) 448 (3,336)
Repurchase of shares by majority-owned subsidiary     (30,000)
Net cash provided by (used in) financing activities (442,591) 1,124,356 (66,128)
Effect of exchange rate changes on cash 3,831 275 (843)
Net increase (decrease) in cash and cash equivalents and restricted cash (288,928) 521,647 1,068,927
Cash and cash equivalents and restricted cash at beginning of fiscal year 1,901,033 1,379,386 310,459
Cash and cash equivalents and restricted cash at end of fiscal year 1,612,105 1,901,033 1,379,386
Supplemental information:      
Cash paid for interest (net of amounts capitalized) 390,043 228,965 11,000
Cash paid for income taxes, net 196,290 200,561 16,491
Non-cash investing and financing activities:      
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities $ 28,063 31,173 27,619
Capital expenditures not paid for during the period   4,633 $ 72,630
Inmarsat [Member]      
Non-cash investing and financing activities:      
Issuance of common stock in connection with acquisition   $ 2,123,455