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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income $ 152,256 $ 88,505
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and impairment of software development costs and licenses 24,511 57,441
Depreciation 12,464 12,298
Amortization and impairment of intellectual property 15,215 4,986
Stock-based compensation 49,050 53,411
Other, net 13,802 (2,924)
Changes in assets and liabilities:    
Accounts receivable 74,681 (91,846)
Inventory 6,336 (131)
Software development costs and licenses (85,887) (60,219)
Prepaid expenses and other assets 17,622 80,759
Deferred revenue (94,660) 153,525
Deferred cost of goods sold 4,850 5,398
Accounts payable, accrued expenses and other liabilities (41,998) 144,220
Net cash provided by operating activities 148,242 445,423
Investing activities:    
Change in bank time deposits 311,893 (161,026)
Proceeds from available-for-sale securities 161,151 117,738
Purchases of available-for-sale securities (302,485) (188,372)
Purchases of fixed assets (86,433) (8,905)
Purchases of long-term investments (96) (6,900)
Business acquisitions (97,887) 0
Net cash used in investing activities (13,857) (247,465)
Financing activities:    
Tax payment related to net share settlements on restricted stock awards (48,261) (38,506)
Issuance of common stock 9,230 6,503
Net cash used in financing activities (39,031) (32,003)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents 1,777 1,925
Net change in cash, cash equivalents, and restricted cash and cash equivalents 97,131 167,880
Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year [1] 2,060,247 1,993,392
Cash, cash equivalents, and restricted cash and cash equivalents, end of period [1] $ 2,157,378 $ 2,161,272
[1] Cash, cash equivalents and restricted cash and cash equivalents shown on our Condensed Consolidated Statements of Cash Flow includes amounts in the Cash and cash equivalents, Restricted cash and cash equivalents, and Long-term restricted cash and cash equivalents on our Condensed Consolidated Balance Sheet.