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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES      
Net income $ 966,091 $ 759,563 $ 516,822
Reconciliation of net income to net cash provided by (used in) operating activities:      
Depreciation, amortization, and accretion 69,353 57,587 47,858
Amortization on cloud computing arrangements 2,380 2,075 2,149
Loss on extinguishment of debt 0 0 226
Bad debt expense 5,032 789 1,983
Deferred tax benefit (5,545) (1,510) (9,719)
Stock-based compensation 37,943 37,288 26,897
Loss on disposal of assets 3,183 407 2,691
Impairment of intangible assets 0 8,164 0
Impairment of cloud computing arrangements, operating lease, and other long-lived assets 4,290 1,015 2,817
Changes in operating assets and liabilities:      
Trade accounts receivable, net (41,339) 4,157 (806)
Inventories (24,344) 58,541 (26,056)
Prepaid expenses and other current assets 20,946 (38,490) (5,609)
Income tax receivable 6,945 (38,775) 13,459
Net operating lease assets and lease liabilities (2,583) (567) (8,308)
Other assets 6,566 (9,989) 13,240
Trade accounts payable 35,636 119,601 (74,247)
Other accrued expenses 22,222 43,534 11,528
Income tax payable (29,039) 35,016 4,897
Other long-term liabilities (33,214) (5,222) 17,600
Net cash provided by operating activities 1,044,523 1,033,184 537,422
INVESTING ACTIVITIES      
Purchases of property and equipment (86,171) (89,365) (81,025)
Proceeds from sale of assets 11,168 34 12
Net cash used in investing activities (75,003) (89,331) (81,013)
FINANCING ACTIVITIES      
Loan origination costs on revolving credit facilities 0 0 (1,537)
Proceeds from issuance of stock 3,804 2,444 2,170
Proceeds from exercise of stock options 968 4,786 4,396
Repurchases of common stock (567,002) (414,931) (297,372)
Cash paid for excise taxes related to repurchases of common stock (3,985) 0 0
Cash paid for shares withheld for taxes (15,119) (9,974) (16,688)
Net cash used in financing activities (581,334) (417,675) (309,031)
Effect of foreign currency exchange rates on cash and cash equivalents (1,049) (5,922) (9,110)
Net change in cash and cash equivalents 387,137 520,256 138,268
Cash and cash equivalents at beginning of period 1,502,051 981,795 843,527
Cash and cash equivalents at end of period 1,889,188 1,502,051 981,795
Cash paid during the period      
Income taxes 345,397 234,062 135,986
Interest 1,789 1,783 1,880
Operating leases 70,326 65,672 60,353
Non-cash investing activities      
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment 3,819 (6,705) 5,325
Accrued for asset retirement obligation assets related to leasehold improvements 2,233 2,278 8,203
Leasehold improvements acquired through tenant allowances 0 8,127 0
Non-cash financing activities      
Accrued for shares withheld for taxes 17,148 22,287 5,371
Accrued excise taxes related to repurchases of common stock $ 5,043 $ 3,416 $ 569