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Basis of Presentation (Tables)
9 Months Ended
Dec. 31, 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 and nine months ended December 31, 2019 and 2018:

 

 

 

 

Three Months Ended December 31, 2019

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

73,182

 

 

$

229,908

 

 

$

303,090

 

Service revenues

 

 

211,700

 

 

 

11,544

 

 

 

61,890

 

 

 

285,134

 

Total revenues

 

$

211,700

 

 

$

84,726

 

 

$

291,798

 

 

$

588,224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2019

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

212,226

 

 

$

661,309

 

 

$

873,535

 

Service revenues

 

 

614,232

 

 

 

39,520

 

 

 

190,230

 

 

 

843,982

 

Total revenues

 

$

614,232

 

 

$

251,746

 

 

$

851,539

 

 

$

1,717,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2018

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

115,409

 

 

$

186,456

 

 

$

301,865

 

Service revenues

 

 

177,651

 

 

 

11,568

 

 

 

63,610

 

 

 

252,829

 

Total revenues

 

$

177,651

 

 

$

126,977

 

 

$

250,066

 

 

$

554,694

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2018

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

304,732

 

 

$

495,697

 

 

$

800,429

 

Service revenues

 

 

494,174

 

 

 

31,831

 

 

 

184,603

 

 

 

710,608

 

Total revenues

 

$

494,174

 

 

$

336,563

 

 

$

680,300

 

 

$

1,511,037

 

Revenue by Geographic Area

Revenues by geographic area for the three and nine months ended December 31, 2019 and 2018 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2019

 

 

December 31, 2019

 

 

 

(In thousands)

 

U.S. customers

 

$

523,455

 

 

$

1,521,022

 

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

 

 

64,769

 

 

 

196,495

 

Total revenues

 

$

588,224

 

 

$

1,717,517

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2018

 

 

December 31, 2018

 

 

 

(In thousands)

 

U.S. customers

 

$

492,681

 

 

$

1,341,073

 

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

 

 

62,013

 

 

 

169,964

 

Total revenues

 

$

554,694

 

 

$

1,511,037

 

Summary of Contract Assets and Liabilities

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

 

 

 

As of

December 31, 2019

 

 

As of

March 31, 2019

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

98,517

 

 

$

83,743

 

Collections in excess of revenues and deferred revenues

 

 

120,275

 

 

 

125,540

 

Deferred revenues, long-term portion

 

 

83,423

 

 

 

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