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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Cash flows from operating activities:    
Net income $ 332,603 $ 260,240
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38,954 37,801
Stock-based compensation expense 61,964 64,655
Deferred income taxes 9,824 7,466
Loss on retirement or write-off of long-lived assets 0 381
Other non-cash adjustments 26 812
Net change in operating assets and liabilities:    
Accounts receivable (62,980) (99,465)
Inventories 109,609 (48,310)
Prepaid wafers 35,199 58,296
Other assets 2,320 (4,080)
Accounts payable and other accrued liabilities (9,823) 17,749
Income taxes payable (18,517) 18,435
Net cash provided by operating activities 499,179 313,980
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 113,439 25,904
Purchases of available-for-sale marketable securities (121,710) (117,505)
Purchases of property, equipment and software (11,592) (19,347)
Investments in technology (848) (225)
Net cash used in investing activities (20,711) (111,173)
Cash flows from financing activities:    
Net proceeds from the issuance of common stock 2,992 15,433
Repurchase of stock to satisfy employee tax withholding obligations (33,032) (33,538)
Repurchase and retirement of common stock (209,965) (161,022)
Net cash used in financing activities (240,005) (179,127)
Net increase in cash and cash equivalents 238,463 23,680
Cash and cash equivalents at beginning of period 539,620 502,764
Cash and cash equivalents at end of period $ 778,083 $ 526,444