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Composition of Certain Balance Sheet Captions (Tables)
12 Months Ended
Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

 

As of

March 31, 2021

 

 

As of

March 31, 2020

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

172,559

 

 

$

260,431

 

Unbilled

 

 

70,785

 

 

 

75,661

 

Allowance for doubtful accounts

 

 

(4,692

)

 

 

(5,394

)

 

 

$

238,652

 

 

$

330,698

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

98,338

 

 

$

83,353

 

Work in process

 

 

71,875

 

 

 

59,429

 

Finished goods

 

 

166,459

 

 

 

151,634

 

 

 

$

336,672

 

 

$

294,416

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

94,405

 

 

$

84,872

 

Other

 

 

25,555

 

 

 

31,409

 

 

 

$

119,960

 

 

$

116,281

 

Property, equipment and satellites, net:

 

 

 

 

 

 

 

 

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

 

$

1,505,697

 

 

$

1,229,926

 

CPE leased equipment (estimated useful life of 4-5 years)

 

 

409,942

 

 

 

399,343

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

57,433

 

 

 

54,688

 

Leasehold improvements (estimated useful life of 2-17 years)

 

 

149,324

 

 

 

137,287

 

Building (estimated useful life of 12 years)

 

 

8,923

 

 

 

8,923

 

Land

 

 

2,291

 

 

 

2,291

 

Construction in progress

 

 

219,482

 

 

 

220,703

 

Satellites (estimated useful life of 12-17 years)

 

 

969,952

 

 

 

969,952

 

Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-11 years)

 

 

173,467

 

 

 

171,801

 

Satellites under construction

 

 

1,338,408

 

 

 

906,720

 

 

 

 

4,834,919

 

 

 

4,101,634

 

Less: accumulated depreciation and amortization

 

 

(1,784,436

)

 

 

(1,514,899

)

 

 

$

3,050,483

 

 

$

2,586,735

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

176,938

 

 

$

160,204

 

Deferred income taxes

 

 

273,288

 

 

 

276,331

 

Capitalized software costs, net

 

 

237,100

 

 

 

242,741

 

Patents, orbital slots and other licenses, net

 

 

52,889

 

 

 

39,135

 

Other

 

 

95,212

 

 

 

88,941

 

 

 

$

835,427

 

 

$

807,352

 

Accrued and other liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

216,594

 

 

$

123,019

 

Accrued employee compensation

 

 

87,153

 

 

 

72,654

 

Accrued vacation

 

 

59,509

 

 

 

48,963

 

Warranty reserve, current portion

 

 

6,693

 

 

 

6,233

 

Operating lease liabilities

 

 

48,896

 

 

 

42,146

 

Other

 

 

113,986

 

 

 

98,175

 

 

 

$

532,831

 

 

$

391,190

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

84,654

 

 

$

80,802

 

Warranty reserve, long-term portion

 

 

5,193

 

 

 

5,410

 

Satellite performance incentive obligations, long-term portion

 

 

22,191

 

 

 

24,349

 

Other

 

 

25,312

 

 

 

10,373

 

 

 

$

137,350

 

 

$

120,934