XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 88,505 $ 46,280
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and impairment of software development costs and licenses 57,441 30,498
Depreciation 12,298 11,134
Amortization and impairment of intellectual property 4,986 5,560
Stock-based compensation 53,411 57,432
Other, net (2,924) 1,321
Changes in assets and liabilities:    
Accounts receivable (91,846) 44,041
Inventory (131) 4,029
Software development costs and licenses (60,219) (56,968)
Prepaid expenses and other assets 80,759 (131,121)
Deferred revenue 153,525 (15,871)
Deferred cost of goods sold 5,398 15,619
Accounts payable, accrued expenses and other liabilities 144,220 96,581
Net cash provided by operating activities 445,423 108,535
Investing activities:    
Change in bank time deposits (161,026) 133,303
Proceeds from available-for-sale securities 117,738 82,424
Purchases of available-for-sale securities (188,372) (28,248)
Purchases of fixed assets (8,905) (9,971)
Purchases of long-term investments (6,900) (2,000)
Business acquisitions 0 (8,715)
Net cash (used in) provided by investing activities (247,465) 166,793
Financing activities:    
Tax payment related to net share settlements on restricted stock awards (38,506) (52,118)
Issuance of common stock 6,503 0
Net cash used in financing activities (32,003) (52,118)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents 1,925 (3,201)
Net change in cash, cash equivalents, and restricted cash and cash equivalents 167,880 220,009
Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year 1,993,392 1,391,986
Cash, cash equivalents, and restricted cash and cash equivalents, end of period $ 2,161,272 $ 1,611,995