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Composition of Certain Balance Sheet Captions (Tables)
3 Months Ended
Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Composition of Certain Balance Sheet Captions

 

 

 

As of

June 30, 2021

 

 

As of

March 31, 2021

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

 

Billed

 

$

262,591

 

 

$

172,559

 

Unbilled

 

 

105,366

 

 

 

70,785

 

Allowance for doubtful accounts

 

 

(3,463

)

 

 

(4,692

)

 

 

$

364,494

 

 

$

238,652

 

Inventories:

 

 

 

 

 

 

 

 

Raw materials

 

$

94,937

 

 

$

98,338

 

Work in process

 

 

77,400

 

 

 

71,875

 

Finished goods

 

 

177,350

 

 

 

166,459

 

 

 

$

349,687

 

 

$

336,672

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

101,189

 

 

$

94,405

 

Other

 

 

41,970

 

 

 

25,555

 

 

 

$

143,159

 

 

$

119,960

 

Property, equipment and satellites, net:

 

 

 

 

 

 

 

 

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

 

$

1,587,674

 

 

$

1,505,697

 

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

 

 

409,849

 

 

 

409,942

 

Furniture and fixtures (estimated useful life of 7 years)

 

 

59,719

 

 

 

57,433

 

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

 

 

154,006

 

 

 

149,324

 

Building (estimated useful life of 12 years)

 

 

12,512

 

 

 

8,923

 

Land

 

 

4,008

 

 

 

2,291

 

Construction in progress

 

 

236,704

 

 

 

219,482

 

Satellites (estimated useful life of 7-17 years)

 

 

1,065,559

 

 

 

969,952

 

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

 

 

173,480

 

 

 

173,467

 

Satellites under construction

 

 

1,497,175

 

 

 

1,338,408

 

 

 

 

5,200,686

 

 

 

4,834,919

 

Less: accumulated depreciation and amortization

 

 

(1,811,243

)

 

 

(1,784,436

)

 

 

$

3,389,443

 

 

$

3,050,483

 

Other acquired intangible assets, net:

 

 

 

 

 

 

 

 

Technology (weighted average useful life of 7 years)

 

$

154,246

 

 

$

78,185

 

Contracts and customer relationships (weighted average useful life of 10 years)

 

 

177,224

 

 

 

55,161

 

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

 

 

8,600

 

 

 

8,600

 

Trade name (weighted average useful life of 7 years)

 

 

32,318

 

 

 

5,940

 

Other (weighted average useful life of 9 years)

 

 

18,792

 

 

 

3,663

 

 

 

 

391,180

 

 

 

151,549

 

Less: accumulated amortization

 

 

(129,239

)

 

 

(141,981

)

 

 

$

261,941

 

 

$

9,568

 

Other assets:

 

 

 

 

 

 

 

 

Investment in unconsolidated affiliate

 

$

 

 

$

176,938

 

Deferred income taxes

 

 

286,556

 

 

 

273,288

 

Capitalized software costs, net

 

 

232,493

 

 

 

237,100

 

Patents, orbital slots and other licenses, net

 

 

59,307

 

 

 

52,889

 

Other

 

 

105,372

 

 

 

95,212

 

 

 

$

683,728

 

 

$

835,427

 

Accrued and other liabilities:

 

 

 

 

 

 

 

 

Collections in excess of revenues and deferred revenues

 

$

201,706

 

 

$

216,594

 

Accrued employee compensation

 

 

42,075

 

 

 

87,153

 

Accrued vacation

 

 

58,606

 

 

 

59,509

 

Warranty reserve, current portion

 

 

7,039

 

 

 

6,693

 

Operating lease liabilities

 

 

50,955

 

 

 

48,896

 

Other

 

 

149,648

 

 

 

113,986

 

 

 

$

510,029

 

 

$

532,831

 

Other liabilities:

 

 

 

 

 

 

 

 

Deferred revenues, long-term portion

 

$

90,352

 

 

$

84,654

 

Warranty reserve, long-term portion

 

 

5,491

 

 

 

5,193

 

Satellite performance incentive obligations, long-term portion

 

 

21,347

 

 

 

22,191

 

Other

 

 

47,837

 

 

 

25,312

 

 

 

$

165,027

 

 

$

137,350