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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Operating activities:      
Net income $ 418,022 $ 588,886 $ 404,459
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization and impairment of software development costs and licenses 153,279 144,263 167,925
Stock-based compensation 182,969 110,472 257,881
Noncash lease expense 34,511 30,553 21,037
Amortization of intellectual property 64,817 32,241 20,990
Depreciation 61,196 56,309 47,628
Impairment of software development costs and licenses 70,611 39,073 0
Amortization of debt issuance costs 6,525 0 0
Deferred income taxes 8,104 10,631 (3,486)
Gain on long-term investments, net (6,015) (41,588) 0
Other, net 16,243 5,515 9,074
Changes in assets and liabilities:      
Accounts receivable (17,857) 47,195 (195,484)
Inventory 4,106 2,503 8,489
Software development costs and licenses (457,556) (260,352) (48,434)
Prepaid expenses, other current and other non-current assets (207,559) (89,290) (280,854)
Deferred revenue (30,946) 152,466 (55,460)
Deferred cost of goods sold 3,139 4,768 32,180
Accounts payable, accrued expenses and other liabilities (45,605) 78,673 299,733
Net cash provided by operating activities 257,984 912,318 685,678
Investing activities:      
Change in bank time deposits 446,965 (387,762) 196,720
Proceeds from available-for-sale securities 779,940 546,287 400,635
Purchases of available-for-sale securities (756,266) (824,477) (499,991)
Purchases of fixed assets (158,642) (68,923) (53,384)
Proceeds from sale of long-term investment 0 47,472 0
Purchase of long-term investments (12,272) (16,852) (27,891)
Business acquisitions, net of cash acquired (161,331) (102,469) (12,040)
Other 822 0 0
Net cash provided by (used in) investing activities 139,216 (806,724) 4,049
Financing activities:      
Tax payment related to net share settlements on restricted stock awards (64,074) (71,552) (87,968)
Repurchase of common stock (200,012) 0 0
Issuance of common stock 19,657 14,214 10,515
Cost of debt (12,150) 0 0
Other (234) 0 0
Net cash used in financing activities (256,813) (57,338) (77,453)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents (5,303) 18,599 (10,868)
Net change in cash, cash equivalents, and restricted cash and cash equivalents 135,084 66,855 601,406
Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year [1] 2,060,247 1,993,392 1,391,986
Cash, cash equivalents, and restricted cash equivalents, end of year [1] 2,195,331 2,060,247 1,993,392
Supplemental data:      
Interest paid 0 1,862 4,750
Income taxes paid $ 30,951 $ 70,749 $ 27,998
[1] Cash, cash equivalents and restricted cash and cash equivalents shown on our 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 Consolidated Balance Sheet.