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Basis of Presentation (Tables)
6 Months Ended
Sep. 30, 2019
Summary of Disaggregation of Revenue by Segment and Product and Services

The following sets forth disaggregated reported revenue by segment and product and services for the three and six months ended September 30, 2019 and 2018:

 

 

 

 

Three Months Ended September 30, 2019

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

74,143

 

 

$

232,687

 

 

$

306,830

 

Service revenues

 

 

205,717

 

 

 

13,865

 

 

 

65,844

 

 

 

285,426

 

Total revenues

 

$

205,717

 

 

$

88,008

 

 

$

298,531

 

 

$

592,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2019

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

139,044

 

 

$

431,401

 

 

$

570,445

 

Service revenues

 

 

402,532

 

 

 

27,976

 

 

 

128,340

 

 

 

558,848

 

Total revenues

 

$

402,532

 

 

$

167,020

 

 

$

559,741

 

 

$

1,129,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2018

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

104,190

 

 

$

176,245

 

 

$

280,435

 

Service revenues

 

 

162,962

 

 

 

10,330

 

 

 

63,747

 

 

 

237,039

 

Total revenues

 

$

162,962

 

 

$

114,520

 

 

$

239,992

 

 

$

517,474

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended September 30, 2018

 

 

 

Satellite

Services

 

 

Commercial

Networks

 

 

Government

Systems

 

 

Total

Revenues

 

 

 

(In thousands)

 

Product revenues

 

$

 

 

$

189,323

 

 

$

309,241

 

 

$

498,564

 

Service revenues

 

 

316,523

 

 

 

20,263

 

 

 

120,993

 

 

 

457,779

 

Total revenues

 

$

316,523

 

 

$

209,586

 

 

$

430,234

 

 

$

956,343

 

Revenue by Geographic Area

Revenues by geographic area for the three and six months ended September 30, 2019 and 2018 were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2019

 

 

 

(In thousands)

 

U.S. customers

 

$

536,284

 

 

$

997,567

 

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

 

 

55,972

 

 

 

131,726

 

Total revenues

 

$

592,256

 

 

$

1,129,293

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30, 2018

 

 

September 30, 2018

 

 

 

(In thousands)

 

U.S. customers

 

$

470,220

 

 

$

848,392

 

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

 

 

47,254

 

 

 

107,951

 

Total revenues

 

$

517,474

 

 

$

956,343

 

Summary of Contract Assets and Liabilities

The following table presents contract assets and liabilities as of September 30, 2019 and March 31, 2019:

 

 

 

As of

September 30, 2019

 

 

As of

March 31, 2019

 

 

 

(In thousands)

 

Unbilled accounts receivable

 

$

97,645

 

 

$

83,743

 

Collections in excess of revenues and deferred revenues

 

 

107,817

 

 

 

125,540

 

Deferred revenues, long-term portion

 

 

86,054

 

 

 

71,230

 

Impact of ASC 842 [Member]  
Summary of Impact of Adopting New Standard on Consolidated Balance Sheets

The following table presents the summary of the impact of adopting the new standard:

 

Condensed Consolidated Balance Sheets

 

As of

March 31, 2019

 

 

Impact of

ASC 842

 

 

As of

April 1, 2019

 

 

 

(In thousands)

 

Prepaid expenses and other current assets

 

$

90,646

 

 

$

(467

)

 

$

90,179

 

Operating lease right-of-use assets

 

 

 

 

 

327,329

 

 

 

327,329

 

Total assets

 

 

3,915,287

 

 

 

326,862

 

 

 

4,242,149

 

Accrued and other liabilities

 

 

308,268

 

 

 

38,406

 

 

 

346,674

 

Non-current operating lease liabilities

 

 

 

 

 

305,167

 

 

 

305,167

 

Other liabilities

 

 

120,826

 

 

 

(16,711

)

 

 

104,115

 

Total liabilities

 

 

1,999,209

 

 

 

326,862

 

 

 

2,326,071

 

Total liabilities and equity

 

 

3,915,287

 

 

 

326,862

 

 

 

4,242,149