As of
 June 30, 2026

As of
 March 31, 2026

(In thousands)

Accounts receivable, net:

Billed

$

530,060

$

539,758

Unbilled

226,381

227,840

Allowance for doubtful accounts

(12,018

)

(14,168

)

$

744,423

$

753,430

Inventories:

Raw materials

$

117,174

$

108,697

Work in process

20,624

25,054

Finished goods

155,990

147,469

$

293,788

$

281,220

Prepaid expenses and other current assets:

Prepaid expenses

$

170,551

$

179,081

Other

160,188

163,441

$

330,739

$

342,522

Property, equipment and satellites, net:

Equipment and software (estimated useful life of 3-10 years)

$

4,388,811

$

4,298,300

CPE leased equipment (estimated useful life of 3-7 years)

517,947

522,882

Furniture and fixtures (estimated useful life of 7-10 years)

52,323

54,185

Leasehold improvements (estimated useful life of 2-20 years)

325,029

325,087

Buildings (estimated useful life of 20-38 years)

15,062

15,062

Land

11,251

11,251

Construction in progress

682,201

662,841

Satellites (estimated useful life of 7-17 years)

3,410,155

3,410,741

Satellite Ka-band capacity obtained under finance leases (estimated useful life of 7-15 years)

339,428

339,428

Satellites under construction

2,731,858

2,644,050

12,474,065

12,283,827

Less: accumulated depreciation and amortization

(5,225,166

)

(5,011,190

)

$

7,248,899

$

7,272,637

Acquired intangible assets, net:

Contracts and customer relationships (weighted average useful life of 11 years)

$

1,432,774

$

1,432,934

Orbital slots and spectrum assets (weighted average useful life of 12 years)

1,088,600

1,088,600

Technology (weighted average useful life of 7 years)

223,823

223,954

Trade names (weighted average useful life of 8 years)

114,565

114,570

Other (weighted average useful life of 9 years)

18,444

18,995

2,878,206

2,879,053

Less: accumulated amortization

(946,342

)

(881,617

)

$

1,931,864

$

1,997,436

Other assets:

Deferred income taxes

$

67,098

$

68,699

Capitalized software costs, net

320,932

316,947

Patents, orbital slots and other licenses, net

117,501

120,194

Other

275,029

273,669

$

780,560

$

779,509

Accrued and other liabilities:

Collections in excess of revenues and deferred revenues

$

319,716

$

292,592

Accrued employee compensation

78,483

207,741

Operating lease liabilities

62,719

60,879

Interest payable

79,649

34,064

Other

361,963

355,916

$

902,530

$

951,192

Other liabilities:

Deferred revenues, long-term portion

$

1,073,577

$

1,064,261

Deferred income taxes

995,471

1,016,850

Other

270,620

298,190

$

2,339,668

$

2,379,301