XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income $ 407,355 $ 357,946
Reconciliation of net income to net cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion 39,171 33,750
Amortization on cloud computing arrangements 1,117 1,082
Bad debt expense 17,319 8,845
Deferred tax (benefit) expense (9,209) 1,295
Stock-based compensation 19,891 19,916
Loss on disposal of assets 1,128 2,811
Impairment of property and equipment 100 0
Changes in operating assets and liabilities:    
Trade accounts receivable, net (223,211) (249,306)
Inventories (340,367) (306,855)
Prepaid expenses and other current assets (70,115) 182
Income tax receivable 28,547 9,737
Net operating lease assets and lease liabilities 5,133 (778)
Other assets (14,822) (7,018)
Trade accounts payable 177,305 155,774
Other accrued expenses (41,621) (21,506)
Income tax payable 42,685 23,582
Other long-term liabilities 3,827 (7,357)
Net cash provided by operating activities 44,233 22,100
INVESTING ACTIVITIES    
Purchases of property and equipment (45,943) (45,367)
Proceeds from sale of assets 11 10,925
Net cash used in investing activities (45,932) (34,442)
FINANCING ACTIVITIES    
Proceeds from issuance of stock 2,228 1,638
Proceeds from exercise of stock options 0 694
Repurchases of common stock (464,987) (256,290)
Cash paid for excise taxes related to repurchases of common stock (5,042) 0
Cash paid for shares withheld for taxes (7,674) (13,056)
Net cash used in financing activities (475,475) (267,014)
Effect of foreign currency exchange rates on cash and cash equivalents 2,465 2,986
Net change in cash and cash equivalents (474,709) (276,370)
Cash and cash equivalents at beginning of period 1,889,188 1,502,051
Cash and cash equivalents at end of period 1,414,479 1,225,681
Cash paid during the period    
Income taxes 62,566 90,833
Interest 1,230 798
Operating leases 43,138 33,269
Non-cash investing activities    
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment (4,945) 2,309
Accrued for asset retirement obligation assets related to leasehold improvements 5,476 1,372
Non-cash financing activities    
Accrued excise taxes related to repurchases of common stock $ 4,336 $ 2,024