| Composition of Certain Balance Sheet Captions |
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As of
March 31, 2026 |
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As of
March 31, 2025 |
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(In thousands) |
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Accounts receivable, net: |
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Billed |
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$ |
539,758 |
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$ |
539,522 |
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Unbilled |
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227,840 |
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180,871 |
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Allowance for doubtful accounts |
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(14,168 |
) |
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(20,841 |
) |
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$ |
753,430 |
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$ |
699,552 |
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Inventories: |
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Raw materials |
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$ |
108,697 |
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$ |
96,893 |
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Work in process |
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25,054 |
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19,761 |
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Finished goods |
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147,469 |
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177,289 |
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$ |
281,220 |
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$ |
293,943 |
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Prepaid expenses and other current assets: |
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Prepaid expenses |
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$ |
179,081 |
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176,694 |
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Other |
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163,441 |
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105,649 |
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$ |
342,522 |
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$ |
282,343 |
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Property, equipment and satellites, net: |
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Equipment and software (estimated useful life of 3-10 years) |
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$ |
4,298,300 |
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$ |
3,837,083 |
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CPE leased equipment (estimated useful life of 3-7 years) |
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522,882 |
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525,972 |
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Furniture and fixtures (estimated useful life of 7-10 years) |
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54,185 |
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58,153 |
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Leasehold improvements (estimated useful life of 2-20 years) |
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325,087 |
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313,249 |
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Buildings (estimated useful life of 20-38 years) |
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15,062 |
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15,388 |
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Land |
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11,251 |
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19,661 |
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Construction in progress |
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662,841 |
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722,194 |
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Satellites (estimated useful life of 7-17 years) |
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3,410,741 |
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3,405,067 |
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Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-15 years) |
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339,428 |
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338,201 |
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Satellites under construction |
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2,644,050 |
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2,205,305 |
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12,283,827 |
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11,440,273 |
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Less: accumulated depreciation and amortization |
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(5,011,190 |
) |
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(4,034,609 |
) |
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$ |
7,272,637 |
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$ |
7,405,664 |
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Other assets: |
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Deferred income taxes |
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$ |
68,699 |
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$ |
160,452 |
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Capitalized software costs, net |
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316,947 |
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264,492 |
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Patents, orbital slots and other licenses, net |
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120,194 |
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119,193 |
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Other |
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273,669 |
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301,641 |
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$ |
779,509 |
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$ |
845,778 |
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Accrued and other liabilities: |
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Collections in excess of revenues and deferred revenues |
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$ |
292,592 |
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$ |
294,034 |
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Accrued employee compensation |
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207,741 |
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185,556 |
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Operating lease liabilities |
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60,879 |
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65,310 |
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Interest payable |
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34,064 |
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|
52,183 |
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Other |
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|
355,916 |
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|
311,446 |
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$ |
951,192 |
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$ |
908,529 |
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Other liabilities: |
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Deferred revenues, long-term portion |
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$ |
1,064,261 |
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$ |
786,710 |
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Deferred income taxes |
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1,016,850 |
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1,069,717 |
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Other |
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298,190 |
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324,726 |
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$ |
2,379,301 |
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$ |
2,181,153 |
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