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Composition of Certain Balance Sheet Captions (Tables)
6 Months Ended
Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

 

As of

September 30, 2021

 

 

As of

March 31, 2021

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

272,689

 

 

$

172,559

 

Unbilled

 

 

102,111

 

 

 

70,785

 

Allowance for doubtful accounts

 

 

(5,578

)

 

 

(4,692

)

 

 

$

369,222

 

 

$

238,652

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

86,810

 

 

$

98,338

 

Work in process

 

 

75,657

 

 

 

71,875

 

Finished goods

 

 

185,875

 

 

 

166,459

 

 

 

$

348,342

 

 

$

336,672

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

96,144

 

 

$

94,405

 

Other

 

 

35,025

 

 

 

25,555

 

 

 

$

131,169

 

 

$

119,960

 

Property, equipment and satellites, net:

 

 

 

 

 

 

 

 

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

 

$

1,634,630

 

 

$

1,505,697

 

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

 

 

405,349

 

 

 

409,942

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

58,497

 

 

 

57,433

 

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

 

 

152,806

 

 

 

149,324

 

Buildings (estimated useful life of 12-38 years)

 

 

12,385

 

 

 

8,923

 

Land

 

 

3,973

 

 

 

2,291

 

Construction in progress

 

 

277,795

 

 

 

219,482

 

Satellites (estimated useful life of 7-17 years)

 

 

1,063,748

 

 

 

969,952

 

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

 

 

173,480

 

 

 

173,467

 

Satellites under construction

 

 

1,570,169

 

 

 

1,338,408

 

 

 

 

5,352,832

 

 

 

4,834,919

 

Less: accumulated depreciation and amortization

 

 

(1,887,465

)

 

 

(1,784,436

)

 

 

$

3,465,367

 

 

$

3,050,483

 

Other acquired intangible assets, net:

 

 

 

 

 

 

 

 

Technology (weighted average useful life of 7 years)

 

$

151,739

 

 

$

78,185

 

Contracts and customer relationships (weighted average useful life of 10 years)

 

 

168,204

 

 

 

55,161

 

Satellite co-location rights (weighted average useful life of 9 years)

 

 

8,600

 

 

 

8,600

 

Trade name (weighted average useful life of 7 years)

 

 

32,128

 

 

 

5,940

 

Other (weighted average useful life of 9 years)

 

 

18,641

 

 

 

3,663

 

 

 

 

379,312

 

 

 

151,549

 

Less: accumulated amortization

 

 

(135,981

)

 

 

(141,981

)

 

 

$

243,331

 

 

$

9,568

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

 

 

$

176,938

 

Deferred income taxes

 

 

290,463

 

 

 

273,288

 

Capitalized software costs, net

 

 

228,910

 

 

 

237,100

 

Patents, orbital slots and other licenses, net

 

 

59,338

 

 

 

52,889

 

Other

 

 

107,774

 

 

 

95,212

 

 

 

$

686,485

 

 

$

835,427

 

Accrued and other liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

201,050

 

 

$

216,594

 

Accrued employee compensation

 

 

68,042

 

 

 

87,153

 

Accrued vacation

 

 

54,606

 

 

 

59,509

 

Warranty reserve, current portion

 

 

5,234

 

 

 

6,693

 

Operating lease liabilities

 

 

51,683

 

 

 

48,896

 

Other

 

 

130,478

 

 

 

113,986

 

 

 

$

511,093

 

 

$

532,831

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

86,569

 

 

$

84,654

 

Warranty reserve, long-term portion

 

 

6,036

 

 

 

5,193

 

Satellite performance incentive obligations, long-term portion

 

 

20,471

 

 

 

22,191

 

Deferred income taxes, long-term

 

 

15,651

 

 

 

 

Other

 

 

35,220

 

 

 

25,312

 

 

 

$

163,947

 

 

$

137,350