v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 325,862 $ 277,791
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for bad debts, net 11,632 8,608
Non-cash lease expense 26,296 27,426
Depreciation and amortization 34,590 25,861
Revaluation of acquisition contingent consideration 17,895 804
Compensation expense – equity and liability classified share awards (Note 14) 149,775 123,982
Other (3,149) 5,280
Changes in operating assets and liabilities:    
Accounts receivable 39,923 47,065
Unbilled work in progress (79,693) (17,743)
Other assets (22,682) 16,446
Accrued salaries and bonuses (53,666) (6,669)
Accounts payable and accrued expenses and other liabilities (35,685) (18,626)
Net cash provided by operating activities 411,098 490,225
Cash flows from investing activities:    
Purchases of investment securities (180,025) (114,651)
Sales or maturities of investment securities 248,591 49,870
Acquisition of business, net of cash acquired (725) (68,710)
Capital expenditures (16,062) (25,218)
Net cash provided by/(used in) investing activities 51,779 (158,709)
Cash flows from financing activities:    
Dividends paid (134,880) (126,700)
Share repurchases (125,429) (326)
Payments to settle employee tax obligations on share-based awards (139,851) (101,963)
Earnouts paid 0 (9,706)
Other financing activities 0 710
Net cash used in financing activities (400,160) (237,985)
Effects of exchange rate changes on cash, cash equivalents, and restricted cash 23,008 (14,593)
Net increase in cash, cash equivalents, and restricted cash 85,725 78,938
Cash, cash equivalents, and restricted cash – beginning of period 975,579 721,854
Cash, cash equivalents, and restricted cash – end of period 1,061,304 800,792
Supplemental disclosures of non-cash activities:    
Shares issued via vesting of liability classified awards 3,049 5,953
Promissory note issued as consideration for acquisition 0 351
Shares issued as consideration for acquisition 4,942 84,995
Cash acquired through acquisitions 0 3,807
Cash paid during the period for:    
Taxes, net of refunds $ 141,203 $ 58,832