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Basis of Presentation (Tables)
3 Months Ended
Jun. 30, 2019
Summary of Disaggregation of Revenue by Segment and Product and Services

The following sets forth disaggregated reported revenue by segment and product and services for the three months ended June 30, 2019 and June 30, 2018:

 

 

 

 

Three Months Ended June 30, 2019

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

64,901

 

 

$

198,714

 

 

$

263,615

 

Service revenues

 

 

196,815

 

 

 

14,111

 

 

 

62,496

 

 

 

273,422

 

Total revenues

 

$

196,815

 

 

$

79,012

 

 

$

261,210

 

 

$

537,037

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2018

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

85,133

 

 

$

132,996

 

 

$

218,129

 

Service revenues

 

 

153,561

 

 

 

9,933

 

 

 

57,246

 

 

 

220,740

 

Total revenues

 

$

153,561

 

 

$

95,066

 

 

$

190,242

 

 

$

438,869

 

Revenue by Geographic Area

Revenues by geographic area for the three months ended June 30, 2019 and June 30, 2018 were as follows:

 

 

 

Three Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2018

 

 

 

(In thousands)

 

U.S. customers

 

$

461,283

 

 

$

378,172

 

Non-U.S. customers (each country individually insignificant)

 

 

75,754

 

 

 

60,697

 

Total revenues

 

$

537,037

 

 

$

438,869

 

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of June 30, 2019 and March 31, 2019:

 

 

 

As of

June 30,

2019

 

 

As of

March 31,

2019

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

97,460

 

 

$

83,743

 

Collections in excess of revenues and deferred revenues

 

 

123,304

 

 

 

125,540

 

Deferred revenues, long-term portion

 

 

85,894

 

 

 

71,230

 

Impact of ASC 842 [Member]  
Summary of Impact of Adopting New Standard on Consolidated Balance Sheets

The following table presents the summary of the impact of adopting the new standard:

 

Condensed Consolidated Balance Sheets

 

As of

March 31, 2019

 

 

Impact of

ASC 842

 

 

As of

April 1, 2019

 

 

 

(In thousands)

 

Prepaid expenses and other current assets

 

$

90,646

 

 

$

(467

)

 

$

90,179

 

Operating lease right-of-use assets

 

 

 

 

 

327,329

 

 

 

327,329

 

Total assets

 

 

3,915,287

 

 

 

326,862

 

 

 

4,242,149

 

Accrued and other liabilities

 

 

308,268

 

 

 

38,406

 

 

 

346,674

 

Non-current operating lease liabilities

 

 

 

 

 

305,167

 

 

 

305,167

 

Other liabilities

 

 

120,826

 

 

 

(16,711

)

 

 

104,115

 

Total liabilities

 

 

1,999,209

 

 

 

326,862

 

 

 

2,326,071

 

Total liabilities and equity

 

 

3,915,287

 

 

 

326,862

 

 

 

4,242,149