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Composition of Certain Balance Sheet Captions (Tables)
12 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

As of
March 31, 2022

 

 

As of
March 31, 2021

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

263,383

 

 

$

172,559

 

Unbilled

 

 

103,045

 

 

 

70,785

 

Allowance for doubtful accounts

 

 

(7,159

)

 

 

(4,692

)

 

 

$

359,269

 

 

$

238,652

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

92,650

 

 

$

98,338

 

Work in process

 

 

64,371

 

 

 

71,875

 

Finished goods

 

 

184,869

 

 

 

166,459

 

 

 

$

341,890

 

 

$

336,672

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Prepaid expenses

 

$

107,885

 

 

$

94,405

 

Other

 

 

39,969

 

 

 

25,555

 

 

 

$

147,854

 

 

$

119,960

 

Property, equipment and satellites, net:

 

 

 

 

 

 

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

 

$

1,750,855

 

 

$

1,505,697

 

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

 

 

395,539

 

 

 

409,942

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

58,602

 

 

 

57,433

 

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

 

 

151,508

 

 

 

149,324

 

Buildings (estimated useful life of 12-38 years)

 

 

12,440

 

 

 

8,923

 

Land

 

 

3,944

 

 

 

2,291

 

Construction in progress

 

 

387,668

 

 

 

219,482

 

Satellites (estimated useful life of 7-17 years)

 

 

1,059,182

 

 

 

969,952

 

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

 

 

173,480

 

 

 

173,467

 

Satellites under construction

 

 

1,808,474

 

 

 

1,338,408

 

 

 

 

5,801,692

 

 

 

4,834,919

 

Less: accumulated depreciation and amortization

 

 

(2,059,780

)

 

 

(1,784,436

)

 

 

$

3,741,912

 

 

$

3,050,483

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

304,642

 

 

$

273,288

 

Capitalized software costs, net

 

 

221,647

 

 

 

237,100

 

Patents, orbital slots and other licenses, net

 

 

62,200

 

 

 

52,889

 

Investment in unconsolidated affiliate

 

 

840

 

 

 

176,938

 

Other

 

 

116,301

 

 

 

95,212

 

 

 

$

705,630

 

 

$

835,427

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

148,906

 

 

$

216,594

 

Accrued employee compensation

 

 

113,554

 

 

 

87,153

 

Accrued vacation

 

 

51,675

 

 

 

59,509

 

Warranty reserve, current portion

 

 

5,043

 

 

 

6,693

 

Operating lease liabilities

 

 

52,122

 

 

 

48,896

 

Other

 

 

145,122

 

 

 

113,986

 

 

 

$

516,422

 

 

$

532,831

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

90,151

 

 

$

84,654

 

Warranty reserve, long-term portion

 

 

5,675

 

 

 

5,193

 

Satellite performance incentive obligations, long-term portion

 

 

18,651

 

 

 

22,191

 

Deferred income taxes

 

 

16,869

 

 

 

 

Other

 

 

26,105

 

 

 

25,312

 

 

 

$

157,451

 

 

$

137,350