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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES      
Net income $ 1,024,071 $ 966,091 $ 759,563
Reconciliation of net income to net cash provided by (used in) operating activities:      
Depreciation, amortization, and accretion 75,773 69,353 57,587
Amortization on cloud computing arrangements 2,236 2,380 2,075
Bad debt expense 6,345 5,032 789
Deferred tax expense (benefit) 8,784 (5,545) (1,510)
Stock-based compensation 44,835 37,943 37,288
Loss on disposal of assets 1,191 3,183 407
Impairment of intangible assets 0 0 8,164
Impairment of property and equipment and cloud computing arrangements 127 4,290 1,015
Changes in operating assets and liabilities:      
Trade accounts receivable, net 7,550 (41,339) 4,157
Inventories 8,208 (24,344) 58,541
Prepaid expenses and other current assets (23,804) 20,946 (38,490)
Income tax receivable 34,788 6,945 (38,775)
Net operating lease assets and lease liabilities (10) (2,583) (567)
Other assets (28,832) 6,566 (9,989)
Trade accounts payable (27,865) 35,636 119,601
Other accrued expenses 16,933 22,222 43,534
Income tax payable 13,175 (29,039) 35,016
Other long-term liabilities 18,450 (33,214) (5,222)
Net cash provided by operating activities 1,181,955 1,044,523 1,033,184
INVESTING ACTIVITIES      
Purchases of property and equipment (84,623) (86,171) (89,365)
Proceeds from sale of assets 11 11,168 34
Net cash used in investing activities (84,612) (75,003) (89,331)
FINANCING ACTIVITIES      
Proceeds from issuance of stock 4,509 3,804 2,444
Proceeds from exercise of stock options 0 968 4,786
Repurchases of common stock (1,075,100) (567,002) (414,931)
Cash paid for excise taxes related to repurchases of common stock (5,043) (3,985) 0
Cash paid for shares withheld for taxes (8,410) (15,119) (9,974)
Net cash used in financing activities (1,084,044) (581,334) (417,675)
Effect of foreign currency exchange rates on cash and cash equivalents 4,762 (1,049) (5,922)
Net change in cash and cash equivalents 18,061 387,137 520,256
Cash and cash equivalents at beginning of period 1,889,188 1,502,051 981,795
Cash and cash equivalents at end of period 1,907,249 1,889,188 1,502,051
Cash paid during the period      
Interest 2,492 1,789 1,783
Operating leases 92,823 70,326 65,672
Non-cash investing activities      
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment (5,559) 3,819 (6,705)
Accrued for asset retirement obligation assets related to leasehold improvements 8,464 2,233 2,278
Leasehold improvements acquired through tenant allowances 0 0 8,127
Non-cash financing activities      
Accrued for shares withheld for taxes 6,602 17,148 22,287
Accrued excise taxes related to repurchases of common stock $ 10,413 $ 5,043 $ 3,416