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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income $ 162,553 $ 187,826
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of software development costs and licenses 95,339 72,969
Impairment of software development costs and licenses 65,049 19,695
Depreciation 28,436 25,826
Amortization of intellectual property 33,668 11,801
Stock-based compensation 96,196 98,719
Other, net 2,067 (2,631)
Changes in assets and liabilities:    
Accounts receivable (242,844) (189,477)
Inventory 5,155 (7,266)
Software development costs and licenses (263,235) (127,290)
Prepaid expenses and other assets (35,745) 65,296
Deferred revenue 32,672 284,441
Deferred cost of goods sold 3,018 4,753
Accounts payable, accrued expenses and other liabilities 301,350 182,083
Net cash provided by operating activities 283,679 626,745
Investing activities:    
Change in bank time deposits 1,021 (218,239)
Proceeds from available-for-sale securities 353,399 260,729
Purchases of available-for-sale securities (492,582) (435,511)
Purchases of fixed assets (111,192) (25,021)
Purchases of long-term investments (3,122) (9,100)
Business acquisitions (131,617) (75,482)
Net cash used in investing activities (384,093) (502,624)
Financing activities:    
Tax payment related to net share settlements on restricted stock awards (53,370) (48,202)
Issuance of common stock 9,230 6,503
Loan repayment (234) 0
Repurchase of common stock (200,012) 0
Net cash used in financing activities (244,386) (41,699)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents (741) 8,966
Net change in cash, cash equivalents, and restricted cash and cash equivalents (345,541) 91,388
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] $ 1,714,706 $ 2,084,780
[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.