XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 338,987 $ 118,278
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 22,601 21,386
Amortization of intangible assets 15,239 13,735
Loss on investments 2,519 63
Share-based compensation expense 44,900 26,470
Deferred income taxes 20,152 (8,978)
Change in fair value of contingent consideration for business acquisition 5,716 0
Other (1,877) (2)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (346,838) (85,955)
Inventories (161,120) (47,773)
Other assets (31,567) (14,083)
Accounts payable 399,176 129,101
Accrued and other liabilities 90,631 (9,223)
Net cash provided by operating activities 398,519 143,019
Cash flows from investing activities:    
Purchases of property, plant and equipment (27,774) (18,092)
Investment in privately held companies (3,405) (170)
Acquisitions, net of cash acquired 0 (366)
Purchases of trading investments (8,199) (2,525)
Proceeds from sales of trading investments 8,839 2,571
Net cash used in investing activities (30,539) (18,582)
Cash flows from financing activities:    
Payment of cash dividends (146,705) (124,180)
Purchases of registered shares (22,454) (15,127)
Proceeds from exercises of stock options and purchase rights 26,066 9,331
Tax withholdings related to net share settlements of restricted stock units (25,744) (20,908)
Net cash used in financing activities (168,837) (150,884)
Effect of exchange rate changes on cash and cash equivalents 2,512 (3,605)
Net increase (decrease) in cash and cash equivalents 201,655 (30,052)
Cash and cash equivalents, beginning of the period 715,566 604,516
Cash and cash equivalents, end of the period 917,221 574,464
Non-cash investing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts $ 9,594 $ 4,412