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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities:    
Net income $ 281,737 $ 277,007
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and impairment of software development costs and licenses 115,823 160,167
Depreciation 35,246 28,769
Amortization and impairment of intellectual property 15,981 17,785
Stock-based compensation 176,598 178,609
Other, net 1,809 (3,912)
Changes in assets and liabilities:    
Accounts receivable (249,709) (525,981)
Inventory 3,688 (26,352)
Software development costs and licenses (18,552) (157,710)
Prepaid expenses and other assets (215,060) (142,918)
Deferred revenue 11,751 328,325
Deferred cost of goods sold 18,602 (37,281)
Accounts payable, accrued expenses and other liabilities 262,061 293,691
Net cash provided by operating activities 439,975 390,199
Investing activities:    
Change in bank time deposits 114,720 64,101
Proceeds from available-for-sale securities 243,170 184,542
Purchases of available-for-sale securities (311,995) (179,570)
Purchases of fixed assets (34,790) (43,646)
Purchases of long-term investments (26,142) 0
Business acquisitions (12,040) (3,149)
Net cash (used in) provided by investing activities (27,077) 22,278
Financing activities:    
Tax payment related to net share settlements on restricted stock awards (71,260) (85,837)
Issuance of common stock 10,515 0
Repurchase of common stock 0 (262,392)
Net cash used in financing activities (60,745) (348,229)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash (1,705) (15,124)
Net change in cash, cash equivalents, and restricted cash 350,448 49,124
Cash, cash equivalents, and restricted cash, beginning of year 1,391,986 1,246,371
Cash, cash equivalents, and restricted cash, end of period $ 1,742,434 $ 1,295,495