XML 24 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net income $ 838 $ 1,245 $ 1,033
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 439 431 414
Amortization and other impairment charges    100 106 87
Other non-cash income 3 (16) (41)
Non-cash lease expense 142 139 131
Stock-based compensation 125 152 133
Deferred income taxes 23 (480) (192)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (601) 380 (388)
Contract assets (365) (41) (27)
Inventories 1,176 1,105 (974)
Other current and noncurrent assets (216) (297) (55)
Accounts payable 630 (986) (341)
Other current and noncurrent liabilities (789) (412) 1,170
Net cash provided by operating activities 1,505 1,326 950
Cash flows from investing activities:      
Purchases of property and equipment (438) (530) (635)
Proceeds from the disposition of property and equipment           15 25 20
Acquisitions of businesses, net of cash acquired (405) 0 2
Proceeds from divestiture of businesses, net of cash held in divested businesses (21) 12 2
Other investing activities, net 11 1 7
Net cash used in investing activities (838) (492) (604)
Cash flows from financing activities:      
Proceeds from bank borrowings and long-term debt 499 2 718
Repayments of bank borrowings and long-term debt (58) (409) (1,024)
Payments for repurchases of ordinary shares (1,257) (1,298) (337)
Proceeds from issuances of Nextracker shares 0 552 694
Payment for pre-IPO dividend to redeemable noncontrolling interest 0 0 (22)
Payment for purchase of Nextracker LLC units from TPG 0 (57) 0
Capital reduction from Nextracker spin off 0 (368) 0
Other financing activities, net (5) (78) (27)
Net cash (used in) provided by financing activities (821) (1,656) 2
Effect of exchange rates on cash (31) 2 (18)
Net (decrease) increase in cash and cash equivalents (185) (820) 330
Cash and cash equivalents, beginning of year 2,474 3,294 2,964
Cash and cash equivalents, end of year $ 2,289 $ 2,474 $ 3,294