XML 17 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:      
Net income $ 210,079,000 $ 456,666,000 $ 541,271,000
Adjustments required to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,496,000 14,829,000 14,848,000
Impairment of long-lived assets 0 276,000 2,042,000
Accrued severance pay and other long-term liabilities, net (227,000) 273,000 (53,000)
Realized loss (gain) on sale of marketable securities and long-lived assets 275,000 (8,389,000) 74,000
Change in derivative instruments, net (893,000) 1,434,000 (6,137,000)
Effect of exchange differences on intercompany balances 9,467,000 (6,017,000) (2,268,000)
Foreign exchange effect of marketable securities and bank deposits 25,503,000 (15,157,000) (5,510,000)
Deferred income taxes, net 56,007,000 73,706,000 (11,976,000)
(Increase) decrease in trade receivables, net (2,297,000) 34,413,000 (16,386,000)
Decrease (increase) in other receivables, prepaid expenses and other 2,020,000 (4,829,000) (3,518,000)
Increase in inventories, net (1,978,000) (3,770,000) (19,013,000)
Decrease (increase) in income tax receivables 10,624,000 (70,390,000) (39,340,000)
Increase (decrease) in trade payables 9,049,000 (2,290,000) (679,000)
Decrease in other accounts payable and accrued expenses (11,785,000) (28,377,000) (6,194,000)
Increase (decrease) in income tax payables 2,027,000 (4,843,000) (52,033,000)
Income from marketable securities, net (678,000)    
Net cash provided by operating activities 323,689,000 437,535,000 395,128,000
Cash flows from investing activities:      
Purchase of property, plant and equipment (26,886,000) (35,755,000) (18,972,000)
Investment in other intangible assets (2,650,000) (68,000) (134,000)
Proceeds from other assets   10,000 35,000,000
Proceeds from (investment in) short-term bank deposits, net 161,032,000 196,170,000 (220,102,000)
Proceeds from restricted bank deposits     199,000
Proceeds from (investment in) long-term deposits and other assets 396,281,000 (286,617,000) (80,587,000)
Investment in marketable securities (1,140,853,000) (376,000) (170,000)
Proceeds from marketable securities 370,363,000 350,000 35,000
Proceeds from sale of long-lived assets 1,075,000 8,508,000  
Net cash used in investing activities (241,638,000) (117,778,000) (284,731,000)
Cash flows from financing activities:      
Repurchase of treasury stock (106,986,000) (294,897,000) (9,450,000)
Proceeds from long-term debt     (5,888,000)
Net cash used in financing activities (106,986,000) (294,897,000) (15,338,000)
Effect of exchange rate changes on cash and cash equivalents 1,147,000 (1,218,000) 57,000
(Decrease) increase in cash and cash equivalents (23,788,000) 23,642,000 95,116,000
Cash and cash equivalents at the beginning of the period 600,399,000 576,757,000 481,641,000
Cash and cash equivalents at the end of the period 576,611,000 600,399,000 576,757,000
Cash paid during the year for:      
Interest     85,000
Income taxes 55,051,000 99,720,000 192,964,000
Cash received during the year for:      
Income taxes 36,668,000 1,938,000  
Non-cash investing transactions:      
Purchase of property, plant and equipment included in accounts payable 2,281,000 $ 692,000 $ 1,744,000
Non-cash financing transactions:      
Purchase of treasury stock 4,348,000    
Purchase of Marketable Securities $ 3,491,000