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Composition of Certain Balance Sheet Captions
6 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

Note 2 — Composition of Certain Balance Sheet Captions

 

 

 

As of
 September 30, 2025

 

 

As of
 March 31, 2025

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

528,343

 

 

$

539,522

 

Unbilled

 

 

175,829

 

 

 

180,871

 

Allowance for doubtful accounts

 

 

(21,352

)

 

 

(20,841

)

 

$

682,820

 

 

$

699,552

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

99,904

 

 

$

96,893

 

Work in process

 

 

16,495

 

 

 

19,761

 

Finished goods

 

 

162,259

 

 

 

177,289

 

 

$

278,658

 

 

$

293,943

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Prepaid expenses

 

$

160,295

 

 

$

176,694

 

Other

 

 

83,528

 

 

 

105,649

 

 

$

243,823

 

 

$

282,343

 

Property, equipment and satellites, net:

 

 

 

 

 

 

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

 

$

4,012,660

 

 

$

3,837,083

 

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

 

 

527,085

 

 

 

525,972

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

56,449

 

 

 

58,153

 

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

 

 

318,656

 

 

 

313,249

 

Buildings (estimated useful life of 12-38 years)

 

 

15,388

 

 

 

15,388

 

Land

 

 

19,661

 

 

 

19,661

 

Construction in progress

 

 

730,119

 

 

 

722,194

 

Satellites (estimated useful life of 7-17 years)

 

 

3,412,688

 

 

 

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

 

 

2,380,377

 

 

 

2,205,305

 

 

 

 

11,811,284

 

 

 

11,440,273

 

Less: accumulated depreciation and amortization

 

 

(4,526,027

)

 

 

(4,034,609

)

 

 

$

7,285,257

 

 

$

7,405,664

 

Acquired intangible assets, net:

 

 

 

 

 

 

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

 

$

1,433,184

 

 

$

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)

 

 

224,394

 

 

 

247,921

 

Trade names (weighted average useful life of 8 years)

 

 

114,587

 

 

 

116,949

 

Other (weighted average useful life of 9 years)

 

 

18,615

 

 

 

18,017

 

 

 

2,879,380

 

 

 

2,904,049

 

Less: accumulated amortization

 

 

(752,484

)

 

 

(633,272

)

 

$

2,126,896

 

 

$

2,270,777

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

136,546

 

 

$

160,452

 

Capitalized software costs, net

 

 

282,422

 

 

 

264,492

 

Patents, orbital slots and other licenses, net

 

 

125,832

 

 

 

119,193

 

Other

 

 

312,771

 

 

 

301,641

 

 

$

857,571

 

 

$

845,778

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

288,357

 

 

$

294,034

 

Accrued employee compensation

 

 

110,021

 

 

 

185,556

 

Accrued vacation

 

 

47,088

 

 

 

46,651

 

Operating lease liabilities

 

 

67,591

 

 

 

65,310

 

Interest payable

 

 

50,008

 

 

 

52,183

 

Other

 

 

251,035

 

 

 

264,795

 

 

$

814,100

 

 

$

908,529

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

777,631

 

 

$

786,710

 

Deferred income taxes

 

 

963,978

 

 

 

1,069,717

 

Other

 

 

307,781

 

 

 

324,726

 

 

$

2,049,390

 

 

$

2,181,153