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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income $ 277,791 $ 199,224
Adjustments to reconcile net income to net cash used in operating activities:    
Deferred income taxes 6,032 3,661
Provision for bad debts, net 8,608 9,353
Unrealized (gains)/losses on investment securities (752) (701)
Non-cash lease expense 27,426 26,528
Depreciation and amortization 25,861 20,275
Contingent consideration valuation 804 (969)
Compensation expense – equity and liability classified share awards (Note 14) 123,982 126,123
Changes in operating assets and liabilities:    
Accounts receivable 47,065 26,331
Unbilled work in progress (17,743) (63,451)
Other assets (21,973) (4,643)
Accrued salaries and bonuses (6,669) (191,814)
Accounts payable and accrued expenses and other (21,276) (31,379)
Deferred income 2,650 319
Income taxes receivable 38,419 (15,709)
Net cash provided by operating activities 490,225 103,148
Cash flows from investing activities:    
Purchases of investment securities (114,651) (3,420)
Sales or maturities of investment securities 49,870 6,062
Acquisition of business, net of cash acquired (68,710) (3,853)
Purchase of property and equipment, net (25,218) (54,507)
Net cash used in investing activities (158,709) (55,718)
Cash flows from financing activities:    
Dividends paid (126,700) (112,900)
Share repurchases (326) (24,952)
Payments to settle employee tax obligations on share-based awards (101,963) (70,120)
Earnouts paid (9,706) (7,053)
Other financing activities 710 587
Net cash used in financing activities (237,985) (214,438)
Effects of exchange rate changes on cash, cash equivalents, and restricted cash (14,593) 8,101
Net increase/(decrease) in cash, cash equivalents, and restricted cash 78,938 (158,907)
Cash, cash equivalents, and restricted cash – beginning of period 721,854 714,812
Cash, cash equivalents, and restricted cash – end of period 800,792 555,905
Supplemental disclosures of non-cash activities:    
Shares issued via vesting of liability classified awards 5,953 5,176
Shares issued as consideration for acquisition 84,995 19,343
Promissory note issued as consideration for acquisition 351 0
Cash acquired through acquisitions 3,807 228
Cash paid during the period:    
Interest 1,108 319
Taxes, net of refunds 58,832 85,324
Regulatory fines and penalties $ 0 $ 15,000