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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:      
Net loss $ (118,702) $ (33,833) $ (90,268)
Earnings from discontinued operations (5,404) 0 0
Non-cash operating activities:      
Depreciation and amortization 20,787 24,248 27,741
Loss on disposal or impairment of assets 4,137 183 388
Gain on sale of strategic investments (194) 0 0
Lease-related restructuring charges 27,545 0 0
Gain on distribution from retained profits interest 0 (30,235) 0
Provision for doubtful accounts 1,776 4,217 2,915
Deferred income taxes 115 (1,540) (1,418)
Non-cash stock compensation expense 125,800 87,257 111,707
Changes in operating assets and liabilities:      
Accounts receivable, net (12,123) (38,611) (24,828)
Deferred commissions (6,436) (7,975) (6,605)
Other assets 7,705 26,863 (18,772)
Accounts payable and other liabilities (15,369) 8,850 (116)
Income taxes, net 596 33,969 (26,215)
Deferred revenue 4,208 4,684 4,911
Net cash provided by operating activities 34,441 78,077 (20,560)
Cash flows from investing activities:      
Capital expenditures (4,696) (4,499) (2,182)
Cash paid in acquisitions, net of cash received 0 (19,107) (76,012)
Distribution from retained profits interest 0 31,184 0
Purchases of investments (28,197) 0 (7,500)
Proceeds from investments 3,000 0 0
Purchases of strategic investments (500) 0 (2,200)
Proceeds from sale of strategic investment 1,394 0 0
Net cash provided by (used in) investing activities (28,999) 7,578 (87,894)
Cash flows from financing activities:      
Proceeds related to the issuance of common stock under stock and employee benefit plans 6,259 6,266 8,737
Shares repurchased for tax withholdings upon vesting of stock-based awards (2,272) (14,626) (9,920)
Acquisition of treasury stock (149,997) (58,621) (42,312)
Net cash used in financing activities (146,010) (66,981) (43,495)
Net cash provided by (used in) continuing operations (140,568) 18,674 (151,949)
Cash flows from discontinued operations:      
From operating activities 5,404 0 0
Net cash provided by discontinued operations 5,404 0 0
Effect of exchange rate changes on cash (550) (199) 1,010
Net change in cash and cash equivalents (135,714) 18,475 (150,939)
Cash and cash equivalents at beginning of period 600,162 581,687 732,626
Cash and cash equivalents at end of period 464,448 600,162 581,687
Supplemental cash flow information:      
Cash paid (received) for income taxes, net - continuing operations 5,801 (32,916) (2,911)
Cash (received) for income taxes, net - discontinued operations (8,332) 0 0
Cash paid for operating lease liabilities 8,243 10,108 10,883
Operating lease assets obtained in exchange for operating lease liabilities 69 56,182 372
Operating lease assets, and related lease liabilities, relinquished in lease terminations (6,781) 0 0
Purchases of property, plant and equipment remaining unpaid at period end $ 47 $ 696 $ 0