Composition of Certain Balance Sheet Captions |
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As of June 30, 2023 |
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As of March 31, 2023 |
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(In thousands) |
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Accounts receivable, net: |
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Billed |
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$ |
513,517 |
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$ |
327,148 |
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Unbilled |
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130,655 |
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104,889 |
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Allowance for doubtful accounts |
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(13,642 |
) |
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(12,103 |
) |
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$ |
630,530 |
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$ |
419,934 |
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Inventories: |
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Raw materials |
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$ |
111,303 |
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$ |
68,655 |
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Work in process |
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25,820 |
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25,347 |
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Finished goods |
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198,438 |
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174,561 |
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$ |
335,561 |
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$ |
268,563 |
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Prepaid expenses and other current assets: |
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Prepaid expenses |
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$ |
175,414 |
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$ |
115,701 |
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Other |
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158,228 |
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60,928 |
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$ |
333,642 |
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$ |
176,629 |
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Property, equipment and satellites, net: |
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Equipment and software (estimated useful life of 3-7 years) |
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$ |
3,109,932 |
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$ |
1,917,243 |
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CPE leased equipment (estimated useful life of 4-7 years) |
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609,183 |
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395,427 |
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Furniture and fixtures (estimated useful life of 7 years) |
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64,035 |
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58,807 |
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Leasehold improvements (estimated useful life of 2-17 years) |
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180,112 |
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151,827 |
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Buildings (estimated useful life of 12-38 years) |
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16,425 |
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12,487 |
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Land |
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29,434 |
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3,873 |
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Construction in progress |
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1,033,066 |
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685,646 |
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Satellites (estimated useful life of 7-17 years) |
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2,705,771 |
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1,056,313 |
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Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-11 years) |
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175,712 |
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175,712 |
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Satellites under construction |
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3,689,340 |
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2,252,908 |
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11,613,010 |
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6,710,243 |
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Less: accumulated depreciation and amortization |
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(2,450,119 |
) |
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(2,331,960 |
) |
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$ |
9,162,891 |
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$ |
4,378,283 |
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Other acquired intangible assets, net: |
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Contracts and customer relationships (weighted average useful life of 11 years) |
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1,068,425 |
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132,563 |
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Orbital slots and spectrum assets (weighted average useful life of 12 years) |
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1,018,600 |
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8,600 |
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Technology (weighted average useful life of 7 years) |
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$ |
258,492 |
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$ |
151,327 |
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Trade name (weighted average useful life of 8 years) |
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117,419 |
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32,253 |
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Other (weighted average useful life of 6 years) |
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257,568 |
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21,782 |
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2,720,504 |
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346,525 |
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Less: accumulated amortization |
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(174,374 |
) |
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(145,320 |
) |
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$ |
2,546,130 |
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$ |
201,205 |
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Other assets: |
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Deferred income taxes |
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$ |
177,014 |
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$ |
23,724 |
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Capitalized software costs, net |
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223,847 |
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222,155 |
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Patents, orbital slots and other licenses, net |
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76,952 |
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73,932 |
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Other |
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249,592 |
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146,227 |
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$ |
727,405 |
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$ |
466,038 |
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Accrued and other liabilities: |
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Collections in excess of revenues and deferred revenues |
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$ |
291,749 |
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$ |
132,187 |
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Accrued employee compensation |
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91,482 |
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125,349 |
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Accrued vacation |
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50,370 |
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45,177 |
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Operating lease liabilities |
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66,340 |
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50,639 |
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Income taxes payable |
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192,546 |
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113,905 |
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Other |
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341,578 |
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179,975 |
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$ |
1,034,065 |
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$ |
647,232 |
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Other liabilities: |
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Deferred revenues, long-term portion |
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$ |
1,040,119 |
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$ |
84,747 |
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Deferred income taxes |
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1,408,701 |
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85,989 |
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Other |
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363,272 |
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47,806 |
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$ |
2,812,092 |
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$ |
218,542 |
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