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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net income $ 814,680 $ 632,018
Reconciliation of net income to net cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion 50,911 40,901
Amortization on cloud computing arrangements 1,858 1,651
Bad debt expense 5,294 2,212
Deferred tax expense 5,791 2,850
Stock-based compensation 28,774 28,687
Loss on disposal of assets 3,022 235
Impairment of cloud computing arrangements, operating lease, and other long-lived assets 3,699 1,129
Changes in operating assets and liabilities:    
Trade accounts receivable, net (11,809) (32,379)
Inventories (105,787) (6,111)
Prepaid expenses and other current assets 2,502 (22,498)
Income tax receivable 16,364 (10,585)
Net operating lease assets and lease liabilities (2,791) 8,188
Other assets (6,161) (6,595)
Trade accounts payable 206,893 242,496
Other accrued expenses 64,307 92,042
Income tax payable 46,781 92,028
Other long-term liabilities (6,813) (4,411)
Net cash provided by operating activities 1,117,515 1,061,858
INVESTING ACTIVITIES    
Purchases of property and equipment (69,729) (74,078)
Proceeds from sale of assets 11,168 34
Net cash used in investing activities (58,561) (74,044)
FINANCING ACTIVITIES    
Proceeds from issuance of stock 1,638 1,165
Proceeds from exercise of stock options 968 2,525
Repurchases of common stock (301,011) (310,635)
Cash paid for excise taxes related to repurchases of common stock (3,985) 0
Cash paid for shares withheld for taxes (14,248) (9,153)
Net cash used in financing activities (316,638) (316,098)
Effect of foreign currency exchange rates on cash and cash equivalents (3,444) (2,709)
Net change in cash and cash equivalents 738,872 669,007
Cash and cash equivalents at beginning of period 1,502,051 981,795
Cash and cash equivalents at end of period 2,240,923 1,650,802
Cash paid during the period    
Income taxes 182,282 108,439
Interest 1,246 1,358
Operating leases 52,165 49,283
Non-cash investing activities    
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment 979 (10,162)
Accrued for asset retirement obligation assets related to leasehold improvements 1,399 1,094
Leasehold improvements acquired through tenant allowances 0 8,127
Non-cash financing activities    
Accrued excise taxes related to repurchases of common stock $ 2,406 $ 2,649