Segment Information (Tables)
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9 Months Ended |
Dec. 31, 2021 |
Segment Reporting [Abstract] |
|
Segment Revenues and Operating Profits (Losses) |
Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2021 and 2020 were as follows:
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Three Months Ended |
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Nine Months Ended |
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December 31, 2021 |
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December 31, 2020 |
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December 31, 2021 |
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December 31, 2020 |
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(In thousands) |
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Revenues: |
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Satellite services |
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Product |
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$ |
— |
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|
$ |
— |
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$ |
— |
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|
$ |
— |
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Service |
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309,711 |
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|
|
220,789 |
|
|
|
883,938 |
|
|
|
638,660 |
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Total |
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|
309,711 |
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|
|
220,789 |
|
|
|
883,938 |
|
|
|
638,660 |
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Commercial networks |
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|
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Product |
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123,059 |
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|
75,690 |
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|
|
343,525 |
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|
|
197,560 |
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Service |
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|
16,618 |
|
|
|
14,409 |
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|
|
49,554 |
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|
38,561 |
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Total |
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|
139,677 |
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|
90,099 |
|
|
|
393,079 |
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|
|
236,121 |
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Government systems |
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|
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Product |
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193,084 |
|
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|
190,824 |
|
|
|
574,548 |
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|
|
575,568 |
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Service |
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|
77,245 |
|
|
|
73,847 |
|
|
|
234,366 |
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|
|
209,976 |
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Total |
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270,329 |
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|
|
264,671 |
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|
|
808,914 |
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|
|
785,544 |
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Elimination of intersegment revenues |
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— |
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— |
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— |
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— |
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Total revenues |
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$ |
719,717 |
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|
$ |
575,559 |
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|
$ |
2,085,931 |
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$ |
1,660,325 |
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Operating profits (losses): |
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Satellite services |
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$ |
14,152 |
|
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$ |
11,457 |
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|
$ |
43,711 |
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$ |
21,083 |
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Commercial networks |
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|
(44,572 |
) |
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(39,028 |
) |
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(127,601 |
) |
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(135,785 |
) |
Government systems |
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|
42,478 |
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|
50,644 |
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|
133,866 |
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|
148,002 |
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Elimination of intersegment operating profits |
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— |
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— |
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— |
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— |
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Segment operating profit before corporate and amortization of acquired intangible assets |
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12,058 |
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23,073 |
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|
49,976 |
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|
33,300 |
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Corporate |
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— |
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— |
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— |
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|
— |
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Amortization of acquired intangible assets |
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(7,531 |
) |
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(1,313 |
) |
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(20,859 |
) |
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(4,171 |
) |
Income from operations |
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$ |
4,527 |
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$ |
21,760 |
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$ |
29,117 |
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$ |
29,129 |
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Segment Assets |
Segment assets as of December 31, 2021 and March 31, 2021 were as follows:
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As of December 31, 2021 |
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As of March 31, 2021 |
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(In thousands) |
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Segment assets: |
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Satellite services |
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$ |
437,337 |
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$ |
64,048 |
|
Commercial networks |
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|
228,416 |
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|
168,334 |
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Government systems |
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|
477,909 |
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|
470,389 |
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Total segment assets |
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1,143,662 |
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|
702,771 |
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Corporate assets |
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|
4,943,132 |
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4,646,696 |
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Total assets |
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$ |
6,086,794 |
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$ |
5,349,467 |
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Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment |
Other acquired intangible assets, net and goodwill included in segment assets as of December 31, 2021 and March 31, 2021 were as follows:
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Other Acquired Intangible Assets, Net |
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Goodwill |
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As of December 31, 2021 |
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As of March 31, 2021 |
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As of December 31, 2021 |
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As of March 31, 2021 |
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(In thousands) |
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Satellite services |
|
$ |
235,240 |
|
|
$ |
5,738 |
|
|
$ |
82,567 |
|
|
$ |
13,814 |
|
Commercial networks |
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|
— |
|
|
|
— |
|
|
|
44,083 |
|
|
|
44,044 |
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Government systems |
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|
2,610 |
|
|
|
3,830 |
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|
|
64,257 |
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|
64,442 |
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Total |
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$ |
237,850 |
|
|
$ |
9,568 |
|
|
$ |
190,907 |
|
|
$ |
122,300 |
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Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2021 and 2020 was as follows:
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Three Months Ended |
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Nine Months Ended |
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|
December 31, 2021 |
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|
December 31, 2020 |
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|
December 31, 2021 |
|
|
December 31, 2020 |
|
|
|
(In thousands) |
|
Satellite services |
|
$ |
7,231 |
|
|
$ |
557 |
|
|
$ |
19,650 |
|
|
$ |
1,612 |
|
Commercial networks |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
257 |
|
Government systems |
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|
300 |
|
|
|
756 |
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|
1,209 |
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|
2,302 |
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Total amortization of acquired intangible assets |
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$ |
7,531 |
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$ |
1,313 |
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|
$ |
20,859 |
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|
$ |
4,171 |
|
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Revenues by Geographic Area |
Revenues by geographic area for the three and nine months ended December 31, 2021 and 2020 were as follows:
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Three Months Ended |
|
|
Nine Months Ended |
|
|
|
December 31, 2021 |
|
|
December 31, 2021 |
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(In thousands) |
|
U.S. customers |
|
$ |
616,682 |
|
|
$ |
1,782,459 |
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Non-U.S. customers (each country individually insignificant) |
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|
103,035 |
|
|
|
303,472 |
|
Total revenues |
|
$ |
719,717 |
|
|
$ |
2,085,931 |
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|
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Three Months Ended |
|
|
Nine Months Ended |
|
|
|
December 31, 2020 |
|
|
December 31, 2020 |
|
|
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(In thousands) |
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U.S. customers |
|
$ |
512,439 |
|
|
$ |
1,523,969 |
|
Non-U.S. customers (each country individually insignificant) |
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|
63,120 |
|
|
|
136,356 |
|
Total revenues |
|
$ |
575,559 |
|
|
$ |
1,660,325 |
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