Back in Time

So, if the light from distant galaxies we perceive through telescopes is a snapshot of how it was thousands, maybe hundreds of thousands of years old; If there is another civilisation out there, would they not perceive us, maybe millions of light years away, as an inhabitable planet where only molten lava, terrifying electric storms, and excessive heat predominate?

That is the question I pose. Maybe we have discarded many celestial bodies as inhabitable when indeed they may, today, be life supporting entities. What say thee?