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Composition of Certain Balance Sheet Captions (Tables)
3 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

As of
 June 30, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

513,517

 

 

$

327,148

 

Unbilled

 

 

130,655

 

 

 

104,889

 

Allowance for doubtful accounts

 

 

(13,642

)

 

 

(12,103

)

 

$

630,530

 

 

$

419,934

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

111,303

 

 

$

68,655

 

Work in process

 

 

25,820

 

 

 

25,347

 

Finished goods

 

 

198,438

 

 

 

174,561

 

 

$

335,561

 

 

$

268,563

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Prepaid expenses

 

$

175,414

 

 

$

115,701

 

Other

 

 

158,228

 

 

 

60,928

 

 

$

333,642

 

 

$

176,629

 

Property, equipment and satellites, net:

 

 

 

 

 

 

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

 

$

3,109,932

 

 

$

1,917,243

 

CPE leased equipment (estimated useful life of 4-7 years)

 

 

609,183

 

 

 

395,427

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

64,035

 

 

 

58,807

 

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

 

 

180,112

 

 

 

151,827

 

Buildings (estimated useful life of 12-38 years)

 

 

16,425

 

 

 

12,487

 

Land

 

 

29,434

 

 

 

3,873

 

Construction in progress

 

 

1,033,066

 

 

 

685,646

 

Satellites (estimated useful life of 7-17 years)

 

 

2,705,771

 

 

 

1,056,313

 

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

 

 

175,712

 

 

 

175,712

 

Satellites under construction

 

 

3,689,340

 

 

 

2,252,908

 

 

 

 

11,613,010

 

 

 

6,710,243

 

Less: accumulated depreciation and amortization

 

 

(2,450,119

)

 

 

(2,331,960

)

 

 

$

9,162,891

 

 

$

4,378,283

 

Other acquired intangible assets, net:

 

 

 

 

 

 

Contracts and customer relationships (weighted average useful life of 11 years)

 

 

1,068,425

 

 

 

132,563

 

Orbital slots and spectrum assets (weighted average useful life of 12 years)

 

 

1,018,600

 

 

 

8,600

 

Technology (weighted average useful life of 7 years)

 

$

258,492

 

 

$

151,327

 

Trade name (weighted average useful life of 8 years)

 

 

117,419

 

 

 

32,253

 

Other (weighted average useful life of 6 years)

 

 

257,568

 

 

 

21,782

 

 

 

2,720,504

 

 

 

346,525

 

Less: accumulated amortization

 

 

(174,374

)

 

 

(145,320

)

 

$

2,546,130

 

 

$

201,205

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

177,014

 

 

$

23,724

 

Capitalized software costs, net

 

 

223,847

 

 

 

222,155

 

Patents, orbital slots and other licenses, net

 

 

76,952

 

 

 

73,932

 

Other

 

 

249,592

 

 

 

146,227

 

 

$

727,405

 

 

$

466,038

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

291,749

 

 

$

132,187

 

Accrued employee compensation

 

 

91,482

 

 

 

125,349

 

Accrued vacation

 

 

50,370

 

 

 

45,177

 

Operating lease liabilities

 

 

66,340

 

 

 

50,639

 

Income taxes payable

 

 

192,546

 

 

 

113,905

 

Other

 

 

341,578

 

 

 

179,975

 

 

$

1,034,065

 

 

$

647,232

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

1,040,119

 

 

$

84,747

 

Deferred income taxes

 

 

1,408,701

 

 

 

85,989

 

Other

 

 

363,272

 

 

 

47,806

 

 

$

2,812,092

 

 

$

218,542