As of
 September 30, 2026

As of
 March 31, 2026

(In thousands)

Accounts receivable, net:

Billed

$

536,031

$

539,758

Unbilled

209,554

227,840

Allowance for doubtful accounts

(10,175

)

(14,168

)

$

735,410

$

753,430

Inventories:

Raw materials

$

127,465

$

108,697

Work in process

30,653

25,054

Finished goods

150,666

147,469

$

308,784

$

281,220

Prepaid expenses and other current assets:

Prepaid expenses

$

172,572

$

179,081

Other

162,023

163,441

$

334,595

$

342,522

Property, equipment and satellites, net:

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

$

4,672,152

$

4,298,300

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

508,254

522,882

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

46,279

54,185

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

330,316

325,087

Buildings (estimated useful life of 20-38 years)

15,062

15,062

Land

11,251

11,251

Construction in progress

502,985

662,841

Satellites (estimated useful life of 7-17 years)

5,371,396

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

642,625

2,644,050

12,439,748

12,283,827

Less: accumulated depreciation and amortization

(5,261,396

)

(5,011,190

)

$

7,178,352

$

7,272,637

Acquired intangible assets, net:

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

$

1,432,748

$

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)

223,735

223,954

Trade names (weighted average useful life of 8 years)

114,560

114,570

Other (weighted average useful life of 9 years)

18,404

18,995

2,878,047

2,879,053

Less: accumulated amortization

(1,011,151

)

(881,617

)

$

1,866,896

$

1,997,436

Other assets:

Deferred income taxes

$

68,350

$

68,699

Capitalized software costs, net

327,847

316,947

Patents, orbital slots and other licenses, net

113,462

120,194

Other

283,723

273,669

$

793,382

$

779,509

Accrued and other liabilities:

Collections in excess of revenues and deferred revenues

$

356,536

$

292,592

Accrued employee compensation

108,885

207,741

Operating lease liabilities

62,716

60,879

Interest payable

53,106

34,064

Other

380,433

355,916

$

961,676

$

951,192

Other liabilities:

Deferred revenues, long-term portion

$

1,102,228

$

1,064,261

Deferred income taxes

977,500

1,016,850

Other

250,333

298,190

$

2,330,061

$

2,379,301