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Composition of Certain Balance Sheet Captions (Tables)
12 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

As of
March 31, 2024

 

 

As of
March 31, 2023

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

Billed

 

$

545,081

 

 

$

327,148

 

Unbilled

 

 

156,322

 

 

 

104,889

 

Allowance for doubtful accounts

 

 

(23,193

)

 

 

(12,103

)

 

$

678,210

 

 

$

419,934

 

Inventories:

 

 

 

 

 

 

Raw materials

 

$

89,778

 

 

$

68,655

 

Work in process

 

 

31,884

 

 

 

25,347

 

Finished goods

 

 

196,216

 

 

 

174,561

 

 

 

$

317,878

 

 

$

268,563

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

Insurance receivable

 

$

261,500

 

 

$

 

Prepaid expenses

 

 

185,892

 

 

 

115,701

 

Other

 

 

134,391

 

 

 

60,928

 

 

 

$

581,783

 

 

$

176,629

 

Property, equipment and satellites, net:

 

 

 

 

 

 

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

 

$

2,992,325

 

 

$

1,917,243

 

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

 

 

567,548

 

 

 

395,427

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

65,433

 

 

 

58,807

 

Leasehold improvements (estimated useful life of 2-20 years)

 

 

209,162

 

 

 

151,827

 

Buildings (estimated useful life of 12-38 years)

 

 

16,647

 

 

 

12,487

 

Land

 

 

20,787

 

 

 

3,873

 

Construction in progress

 

 

1,301,376

 

 

 

685,646

 

Satellites (estimated useful life of 7-17 years)

 

 

3,324,458

 

 

 

1,056,313

 

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

 

 

177,576

 

 

 

175,712

 

Satellites under construction

 

 

1,976,469

 

 

 

2,252,908

 

 

 

 

10,651,781

 

 

 

6,710,243

 

Less: accumulated depreciation and amortization

 

 

(3,094,575

)

 

 

(2,331,960

)

 

 

$

7,557,206

 

 

$

4,378,283

 

Other assets:

 

 

 

 

 

 

Deferred income taxes

 

$

163,590

 

 

$

23,724

 

Capitalized software costs, net

 

 

240,597

 

 

 

222,155

 

Patents, orbital slots and other licenses, net

 

 

112,535

 

 

 

73,932

 

Other

 

 

217,225

 

 

 

146,227

 

 

$

733,947

 

 

$

466,038

 

Accrued and other liabilities:

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

260,264

 

 

$

132,187

 

Accrued employee compensation

 

 

177,854

 

 

 

125,349

 

Accrued vacation

 

 

48,636

 

 

 

45,177

 

Operating lease liabilities

 

 

71,561

 

 

 

50,639

 

Interest payable

 

 

127,098

 

 

 

23,330

 

Income taxes payable

 

 

48,538

 

 

 

113,905

 

Other

 

 

216,670

 

 

 

156,645

 

 

 

$

950,621

 

 

$

647,232

 

Other liabilities:

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

896,402

 

 

$

84,747

 

Deferred income taxes

 

 

1,228,270

 

 

 

85,989

 

Other

 

 

327,428

 

 

 

47,806

 

 

 

$

2,452,100

 

 

$

218,542