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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES    
Net income $ 357,946 $ 242,099
Reconciliation of net income to net cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion 33,750 25,138
Amortization on cloud computing arrangements 1,082 1,131
Bad debt expense 8,845 6,905
Deferred tax expense (benefit) 1,295 (1,266)
Stock-based compensation 19,916 16,719
Loss on disposal of assets 2,811 145
Impairment of operating lease and other long-lived assets 0 793
Changes in operating assets and liabilities:    
Trade accounts receivable, net (249,306) (193,071)
Inventories (306,855) (193,480)
Prepaid expenses and other current assets 182 (35,269)
Income tax receivable 9,737 (8,488)
Net operating lease assets and lease liabilities (778) 8,909
Other assets (7,018) (1,886)
Trade accounts payable 155,774 215,374
Other accrued expenses (21,506) (1,479)
Income tax payable 23,582 44,171
Other long-term liabilities (7,357) (4,917)
Net cash provided by operating activities 22,100 121,528
INVESTING ACTIVITIES    
Purchases of property and equipment (45,367) (57,436)
Proceeds from sale of assets 10,925 34
Net cash used in investing activities (34,442) (57,402)
FINANCING ACTIVITIES    
Proceeds from issuance of stock 1,638 1,165
Proceeds from exercise of stock options 694 1,081
Repurchases of common stock (256,290) (210,938)
Cash paid for shares withheld for taxes (13,056) (8,457)
Net cash used in financing activities (267,014) (217,149)
Effect of foreign currency exchange rates on cash and cash equivalents 2,986 (5,721)
Net change in cash and cash equivalents (276,370) (158,744)
Cash and cash equivalents at beginning of period 1,502,051 981,795
Cash and cash equivalents at end of period 1,225,681 823,051
Cash paid during the period    
Income taxes 90,833 47,150
Interest 798 955
Operating leases 33,269 31,370
Non-cash investing activities    
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment 2,309 (12,957)
Accrued for asset retirement obligation assets related to leasehold improvements 1,372 718
Leasehold improvements acquired through tenant allowances 0 8,127
Non-cash financing activities    
Accrued excise taxes related to repurchases of common stock $ 2,024 $ 1,816