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Composition of Certain Balance Sheet Captions (Tables)
3 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

As of
 June 30, 2025

 

 

As of
 March 31, 2025

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

527,033

 

 

$

539,522

 

Unbilled

 

 

180,411

 

 

 

180,871

 

Allowance for doubtful accounts

 

 

(21,259

)

 

 

(20,841

)

 

$

686,185

 

 

$

699,552

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

95,978

 

 

$

96,893

 

Work in process

 

 

21,997

 

 

 

19,761

 

Finished goods

 

 

166,241

 

 

 

177,289

 

 

$

284,216

 

 

$

293,943

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Prepaid expenses

 

$

174,435

 

 

$

176,694

 

Other

 

 

133,477

 

 

 

105,649

 

 

$

307,912

 

 

$

282,343

 

Property, equipment and satellites, net:

 

 

 

 

 

 

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

 

$

3,941,901

 

 

$

3,837,083

 

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

 

 

524,974

 

 

 

525,972

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

58,112

 

 

 

58,153

 

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

 

 

315,333

 

 

 

313,249

 

Buildings (estimated useful life of 12-38 years)

 

 

15,388

 

 

 

15,388

 

Land

 

 

19,661

 

 

 

19,661

 

Construction in progress

 

 

732,318

 

 

 

722,194

 

Satellites (estimated useful life of 7-17 years)

 

 

3,412,660

 

 

 

3,405,067

 

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

 

 

338,201

 

 

 

338,201

 

Satellites under construction

 

 

2,269,050

 

 

 

2,205,305

 

 

 

 

11,627,598

 

 

 

11,440,273

 

Less: accumulated depreciation and amortization

 

 

(4,288,128

)

 

 

(4,034,609

)

 

 

$

7,339,470

 

 

$

7,405,664

 

Acquired intangible assets, net:

 

 

 

 

 

 

Contracts and customer relationships (weighted average useful life of 11 years)

 

$

1,433,043

 

 

$

1,432,562

 

Orbital slots and spectrum assets (weighted average useful life of 12 years)

 

 

1,088,600

 

 

 

1,088,600

 

Technology (weighted average useful life of 7 years)

 

 

224,571

 

 

 

247,921

 

Trade names (weighted average useful life of 8 years)

 

 

114,587

 

 

 

116,949

 

Other (weighted average useful life of 9 years)

 

 

18,614

 

 

 

18,017

 

 

 

2,879,415

 

 

 

2,904,049

 

Less: accumulated amortization

 

 

(687,641

)

 

 

(633,272

)

 

$

2,191,774

 

 

$

2,270,777

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

148,766

 

 

$

160,452

 

Capitalized software costs, net

 

 

264,813

 

 

 

264,492

 

Patents, orbital slots and other licenses, net

 

 

126,206

 

 

 

119,193

 

Other

 

 

313,272

 

 

 

301,641

 

 

$

853,057

 

 

$

845,778

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

298,876

 

 

$

294,034

 

Accrued employee compensation

 

 

88,257

 

 

 

185,556

 

Accrued vacation

 

 

48,323

 

 

 

46,651

 

Operating lease liabilities

 

 

67,297

 

 

 

65,310

 

Interest payable

 

 

79,045

 

 

 

52,183

 

Other

 

 

285,518

 

 

 

264,795

 

 

$

867,316

 

 

$

908,529

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

779,444

 

 

$

786,710

 

Deferred income taxes

 

 

1,068,545

 

 

 

1,069,717

 

Other

 

 

318,459

 

 

 

324,726

 

 

$

2,166,448

 

 

$

2,181,153