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Segment Information (Tables)
12 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the fiscal years ended March 31, 2024, 2023 and 2022 were as follows:

 

 

 

Fiscal Years Ended

 

 

 

March 31, 2024

 

 

March 31, 2023

 

 

March 31, 2022

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

Service

 

 

2,141,775

 

 

 

1,210,733

 

 

 

1,188,816

 

Total

 

 

2,141,775

 

 

 

1,210,733

 

 

 

1,188,816

 

Commercial networks

 

 

 

 

 

 

 

 

 

Product

 

 

685,868

 

 

 

530,374

 

 

 

443,435

 

Service

 

 

91,973

 

 

 

82,273

 

 

 

68,664

 

Total

 

 

777,841

 

 

 

612,647

 

 

 

512,099

 

Government systems

 

 

 

 

 

 

 

 

 

Product

 

 

593,296

 

 

 

423,752

 

 

 

417,291

 

Service

 

 

770,846

 

 

 

309,026

 

 

 

298,973

 

Total

 

 

1,364,142

 

 

 

732,778

 

 

 

716,264

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

Total revenues

 

$

4,283,758

 

 

$

2,556,158

 

 

$

2,417,179

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

Satellite services

 

$

(770,883

)

 

$

(41,045

)

 

$

31,559

 

Commercial networks

 

 

(134,956

)

 

 

(145,319

)

 

 

(209,093

)

Government systems

 

 

243,198

 

 

 

60,219

 

 

 

93,122

 

Elimination of intersegment operating profits (losses)

 

 

 

 

 

 

 

 

 

Segment operating profit (loss) before corporate and
   amortization of acquired intangible assets

 

 

(662,641

)

 

 

(126,145

)

 

 

(84,412

)

Corporate

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible assets

 

 

(227,165

)

 

 

(29,811

)

 

 

(28,729

)

Income (loss) from operations

 

$

(889,806

)

 

$

(155,956

)

 

$

(113,141

)

Segment Assets Segment assets as of March 31, 2024 and 2023 were as follows:

 

 

 

As of
March 31, 2024

 

 

As of
March 31, 2023

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

3,518,456

 

 

$

424,881

 

Commercial networks

 

 

398,821

 

 

 

328,828

 

Government systems

 

 

1,243,708

 

 

 

293,780

 

Total segment assets

 

 

5,160,985

 

 

 

1,047,489

 

Corporate assets

 

 

11,168,379

 

 

 

6,682,848

 

Total assets

 

$

16,329,364

 

 

$

7,730,337

 

Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment

Other acquired intangible assets, net and goodwill included in segment assets as of March 31, 2024 and 2023 were as follows:

 

 

 

Other Acquired Intangible
   Assets, Net

 

 

Goodwill

 

 

 

As of
March 31, 2024

 

 

As of
March 31, 2023

 

 

As of
March 31, 2024

 

 

As of
March 31, 2023

 

 

 

(In thousands)

 

Satellite services

 

$

2,174,628

 

 

$

200,097

 

 

$

1,055,929

 

 

$

80,589

 

Commercial networks

 

 

 

 

 

 

 

 

41,048

 

 

 

41,014

 

Government systems

 

 

369,839

 

 

 

1,108

 

 

 

524,786

 

 

 

36,939

 

Total

 

$

2,544,467

 

 

$

201,205

 

 

$

1,621,763

 

 

$

158,542

 

 

Amortization of acquired intangible assets by segment for the fiscal years ended March 31, 2024, 2023 and 2022 was as follows:

 

 

 

Fiscal Years Ended

 

 

 

March 31,
 2024

 

 

March 31,
 2023

 

 

March 31,
 2022

 

 

 

(In thousands)

 

Satellite services

 

$

197,563

 

 

$

28,641

 

 

$

27,220

 

Commercial networks

 

 

 

 

 

 

 

 

 

Government systems

 

 

29,602

 

 

 

1,170

 

 

 

1,509

 

Total amortization of acquired intangible assets

 

$

227,165

 

 

$

29,811

 

 

$

28,729

 

Revenues by Geographic Area

Revenues by geographic area for the fiscal years ended March 31, 2024, 2023 and 2022 were as follows:

 

 

 

Fiscal Years Ended

 

 

 

March 31,
 2024

 

 

March 31,
 2023

 

 

March 31,
 2022

 

 

 

(In thousands)

 

U.S. customers

 

$

3,029,303

 

 

$

2,147,651

 

 

$

2,036,019

 

Non U.S. customers (each country individually insignificant)

 

 

1,254,455

 

 

 

408,507

 

 

 

381,160

 

Total revenues

 

$

4,283,758

 

 

$

2,556,158

 

 

$

2,417,179