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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Mar. 25, 2023
Cash flows from operating activities:      
Net income $ 331,507 $ 274,572 $ 176,703
Adjustments to net cash provided by operating activities:      
Depreciation and amortization 50,951 48,292 71,202
Stock-based compensation expense 84,146 89,271 81,641
Deferred income taxes (31) (13,304) (34,513)
Loss on retirement or write-off of long-lived assets 382 76 656
Other non-cash charges 779 2,362 3,102
Restructuring 0 1,959 10,632
Intangibles impairment 0 0 85,760
Net change in operating assets and liabilities:      
Accounts receivable, net (53,531) (12,767) 89,791
Inventories (71,844) 6,204 (95,014)
Prepaid wafers 79,357 47,571 0
Other assets 7,261 18,303 1,852
Accounts payable 9,148 (23,943) (34,307)
Accrued salaries and benefits 4,463 (6,279) (15,108)
Income taxes payable 15,577 15,108 (6,019)
Acquisition-related liabilities 0 (21,361) 12,654
Other accrued liabilities (13,799) (4,390) (9,464)
Net cash provided by operating activities 444,366 421,674 339,568
Cash flows from investing activities:      
Maturities and sales of available-for-sale marketable securities 35,296 37,032 18,683
Purchases of available-for-sale marketable securities (130,827) (161,699) (15,299)
Purchases of property, equipment and software (22,776) (37,650) (35,090)
Investments in technology (5,977) (695) (1,624)
Net cash used in investing activities (124,284) (163,012) (33,330)
Cash flows from financing activities:      
Payment of acquisition-related holdback 0 0 (30,949)
Issuance of common stock, net of shares withheld for taxes 15,433 3,329 10,145
Repurchase of stock to satisfy employee tax withholding obligations (37,637) (19,016) (18,082)
Repurchase and retirement of common stock (261,022) (185,995) (191,382)
Net cash used in financing activities (283,226) (201,682) (230,268)
Net increase in cash and cash equivalents 36,856 56,980 75,970
Cash and cash equivalents at beginning of period 502,764 445,784 369,814
Cash and cash equivalents at end of period 539,620 502,764 445,784
Cash payments during the year for:      
Income taxes 51,709 43,377 91,955
Interest $ 404 $ 658 $ 537