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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities      
Net income $ 466,577 $ 608,958 $ 482,603
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 145,747 84,315 81,081
Noncash lease expense 55,881 53,202 55,096
Stock-based compensation expense 69,784 59,844 43,290
Deferred income taxes (130,197) 231,998 65,434
Amortization of debt issuance costs 4,619 4,395 4,688
Loss on debt extinguishment 2,515 13,239 1,451
(Gains) losses on dispositions, and other (3,388) (3,322) 1,772
Gains associated with equity method investment activities (12,759) 0 0
Changes in assets and liabilities:      
Accounts receivable, net (154,652) 47,081 (129,107)
Income taxes receivable / payable 132,029 (363,396) (122,977)
Prepaid expenses and other current and long-term assets (19,489) (5,069) (13,506)
Accrued compensation and benefits 12,620 71,713 18,044
Accounts payable and other accrued expenses 194,827 (31,506) 48,260
Other current and long-term liabilities (27,588) (52,768) 15,299
Net cash provided by operating activities 736,526 718,684 551,428
Cash flows from investing activities      
Purchases of property, equipment, and software (79,964) (87,210) (128,079)
Payments for business acquisitions, net of cash acquired (780,334) 0 0
Proceeds from sales of assets, net of payment 0 3,094 0
Payment for minority investment in entity 0 (74,168) 0
Payments for cost method investments (7,000) 0 0
Other investing activities (427) 0 0
Net cash used in investing activities (867,725) (158,284) (128,079)
Cash flows from financing activities      
Proceeds from issuance of common stock 23,371 19,408 14,987
Stock option exercises 5,929 11,747 8,925
Repurchases of common stock (418,859) (313,397) (182,224)
Cash dividends paid (209,057) (181,066) (146,602)
Debt extinguishment costs 0 (8,971) 0
Repayments on revolving credit facility, term loans, and Senior Notes (112,257) (527,865) (76,922)
Net proceeds from debt issuance 487,027 691,496 497,891
Payment of deferred payment obligation 0 0 (80,000)
Proceeds from revolving credit facility 60,000 0 0
Other financing activities 0 (2,698) (1,493)
Net cash (used in) provided by financing activities (163,846) (311,346) 34,562
Net (decrease) increase in cash and cash equivalents (295,045) 249,054 457,911
Cash and cash equivalents––beginning of year 990,955 741,901 283,990
Cash and cash equivalents––end of year 695,910 990,955 741,901
Supplemental disclosures of cash flow information      
Interest 64,699 60,955 84,125
Income taxes 127,069 176,711 109,754
Supplemental disclosures of non-cash investing and financing activities      
Share repurchases transacted but not settled and paid 15,839 15,408 10,736
Noncash financing activities $ 0 $ 178 $ 3,920