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Composition of Certain Balance Sheet Captions (Tables)
12 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

As of
March 31, 2023

 

 

As of
March 31, 2022

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

327,148

 

 

$

233,948

 

Unbilled

 

 

104,889

 

 

 

85,383

 

Allowance for doubtful accounts

 

 

(12,103

)

 

 

(7,159

)

 

$

419,934

 

 

$

312,172

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

68,655

 

 

$

62,520

 

Work in process

 

 

25,347

 

 

 

21,702

 

Finished goods

 

 

174,561

 

 

 

113,642

 

 

 

$

268,563

 

 

$

197,864

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Prepaid expenses

 

$

115,701

 

 

$

102,433

 

Other

 

 

60,928

 

 

 

38,953

 

 

 

$

176,629

 

 

$

141,386

 

Property, equipment and satellites, net:

 

 

 

 

 

 

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

 

$

1,917,243

 

 

$

1,676,736

 

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

 

 

395,427

 

 

 

395,539

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

58,807

 

 

 

57,847

 

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

 

 

151,827

 

 

 

149,982

 

Buildings (estimated useful life of 12-38 years)

 

 

12,487

 

 

 

12,440

 

Land

 

 

3,873

 

 

 

3,944

 

Construction in progress

 

 

685,646

 

 

 

381,679

 

Satellites (estimated useful life of 7-17 years)

 

 

1,056,313

 

 

 

1,059,182

 

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

 

 

175,712

 

 

 

173,480

 

Satellites under construction

 

 

2,252,908

 

 

 

1,808,474

 

 

 

 

6,710,243

 

 

 

5,719,303

 

Less: accumulated depreciation and amortization

 

 

(2,331,960

)

 

 

(2,014,312

)

 

 

$

4,378,283

 

 

$

3,704,991

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

23,724

 

 

$

304,642

 

Capitalized software costs, net

 

 

222,155

 

 

 

217,159

 

Patents, orbital slots and other licenses, net

 

 

73,932

 

 

 

62,200

 

Other

 

 

146,227

 

 

 

115,279

 

 

$

466,038

 

 

$

699,280

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

132,187

 

 

$

131,623

 

Accrued employee compensation

 

 

125,349

 

 

 

108,456

 

Accrued vacation

 

 

45,177

 

 

 

48,097

 

Warranty reserve, current portion

 

 

2,806

 

 

 

2,804

 

Operating lease liabilities

 

 

50,639

 

 

 

49,988

 

Income taxes payable

 

 

113,905

 

 

 

7,872

 

Other

 

 

177,169

 

 

 

133,724

 

 

 

$

647,232

 

 

$

482,564

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

84,747

 

 

$

88,983

 

Warranty reserve, long-term portion

 

 

2,544

 

 

 

2,548

 

Satellite performance incentive obligations, long-term portion

 

 

14,654

 

 

 

18,651

 

Deferred income taxes

 

 

85,989

 

 

 

16,869

 

Other

 

 

30,608

 

 

 

26,105

 

 

 

$

218,542

 

 

$

153,156