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Composition of Certain Balance Sheet Captions
9 Months Ended
Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

Note 2 — Composition of Certain Balance Sheet Captions

 

 

 

As of

December 31, 2020

 

 

As of

March 31, 2020

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

145,323

 

 

$

260,431

 

Unbilled

 

 

60,951

 

 

 

75,661

 

Allowance for doubtful accounts

 

 

(3,482

)

 

 

(5,394

)

 

 

$

202,792

 

 

$

330,698

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

95,872

 

 

$

83,353

 

Work in process

 

 

68,071

 

 

 

59,429

 

Finished goods

 

 

170,976

 

 

 

151,634

 

 

 

$

334,919

 

 

$

294,416

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

82,455

 

 

$

84,872

 

Other

 

 

30,093

 

 

 

31,409

 

 

 

$

112,548

 

 

$

116,281

 

Property, equipment and satellites, net:

 

 

 

 

 

 

 

 

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

 

$

1,424,548

 

 

$

1,229,926

 

CPE leased equipment (estimated useful life of 4-5 years)

 

 

410,879

 

 

 

399,343

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

57,582

 

 

 

54,688

 

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

 

 

144,214

 

 

 

137,287

 

Building (estimated useful life of 12 years)

 

 

8,923

 

 

 

8,923

 

Land

 

 

2,291

 

 

 

2,291

 

Construction in progress

 

 

230,172

 

 

 

220,703

 

Satellites (estimated useful life of 12-17 years)

 

 

969,952

 

 

 

969,952

 

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

 

 

173,322

 

 

 

171,801

 

Satellites under construction

 

 

1,264,177

 

 

 

906,720

 

 

 

 

4,686,060

 

 

 

4,101,634

 

Less: accumulated depreciation and amortization

 

 

(1,712,327

)

 

 

(1,514,899

)

 

 

$

2,973,733

 

 

$

2,586,735

 

Other acquired intangible assets, net:

 

 

 

 

 

 

 

 

Technology (weighted average useful life of 6 years)

 

$

91,804

 

 

$

89,228

 

Contracts and customer relationships (weighted average useful life of 7 years)

 

 

103,724

 

 

 

103,114

 

Satellite co-location rights (weighted average useful life of 9 years)

 

 

8,600

 

 

 

8,600

 

Trade name (weighted average useful life of 3 years)

 

 

5,940

 

 

 

5,940

 

Other (weighted average useful life of 8 years)

 

 

6,421

 

 

 

6,399

 

 

 

 

216,489

 

 

 

213,281

 

Less: accumulated amortization

 

 

(205,410

)

 

 

(198,842

)

 

 

$

11,079

 

 

$

14,439

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

168,787

 

 

$

160,204

 

Deferred income taxes

 

 

277,734

 

 

 

276,331

 

Capitalized software costs, net

 

 

239,104

 

 

 

242,741

 

Patents, orbital slots and other licenses, net

 

 

53,058

 

 

 

39,135

 

Other

 

 

104,094

 

 

 

88,941

 

 

 

$

842,777

 

 

$

807,352

 

Accrued and other liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

206,807

 

 

$

123,019

 

Accrued employee compensation

 

 

61,479

 

 

 

72,654

 

Accrued vacation

 

 

53,758

 

 

 

48,963

 

Warranty reserve, current portion

 

 

6,115

 

 

 

6,233

 

Operating lease liabilities

 

 

49,370

 

 

 

42,146

 

Other

 

 

108,036

 

 

 

98,175

 

 

 

$

485,565

 

 

$

391,190

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

97,485

 

 

$

80,802

 

Warranty reserve, long-term portion

 

 

5,766

 

 

 

5,410

 

Satellite performance incentive obligations, long-term portion

 

 

23,005

 

 

 

24,349

 

Other

 

 

25,784

 

 

 

10,373

 

 

 

$

152,040

 

 

$

120,934