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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities      
Net income $ 271,215 $ 466,577 $ 608,958
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 165,484 145,747 84,315
Noncash lease expense 55,950 55,881 53,202
Stock-based compensation expense 80,272 69,784 59,844
Deferred income taxes (353,902) (130,197) 231,998
Amortization of debt issuance costs 4,350 4,619 4,395
Loss on debt extinguishment 10,251 2,515 13,239
Net gains on dispositions, and other (45,754) (3,388) (3,322)
Losses (gains) associated with equity method investment activities 2,116 (12,759) 0
Changes in assets and liabilities:      
Accounts receivable, net (130,187) (154,652) 47,081
Income taxes receivable / payable 3,708 132,029 (363,396)
Prepaid expenses and other current and long-term assets 181,907 (19,489) (5,069)
Accrued compensation and benefits 1,332 12,620 71,713
Accounts payable and other accrued expenses 409,516 194,827 (31,506)
Other current and long-term liabilities (53,436) (27,588) (52,768)
Net cash provided by operating activities 602,822 736,526 718,684
Cash flows from investing activities      
Purchases of property, equipment, and software (76,130) (79,964) (87,210)
Payments for business acquisitions, net of cash acquired (440,295) (780,334) 0
Payments for cost method investments (5,000) (7,000) 0
Proceeds from sales of assets, net of payment 0 0 3,094
Proceeds from sale of businesses 53,409 0 0
Payment for minority investment in entity 0 0 (74,168)
Other investing activities 0 (427) 0
Net cash used in investing activities (468,016) (867,725) (158,284)
Cash flows from financing activities      
Proceeds from issuance of common stock 24,663 23,371 19,408
Stock option exercises 11,384 5,929 11,747
Repurchases of common stock (223,858) (418,859) (313,397)
Cash dividends paid (235,726) (209,057) (181,066)
Debt extinguishment costs 0 0 (8,971)
Repayments on revolving credit facility, term loans, and Senior Notes (417,068) (112,257) (527,865)
Net proceeds from debt issuance 414,751 487,027 691,496
Proceeds from revolving credit facility 0 60,000 0
Other financing activities 0 0 (2,698)
Net cash used in financing activities (425,854) (163,846) (311,346)
Net (decrease) increase in cash and cash equivalents (291,048) (295,045) 249,054
Cash and cash equivalents––beginning of year 695,910 990,955 741,901
Cash and cash equivalents––end of year 404,862 695,910 990,955
Cash paid during the period for:      
Interest 115,578 64,699 60,955
Income taxes 256,394 127,069 176,711
Supplemental disclosures of non-cash investing and financing activities      
Share repurchases transacted but not settled and paid 16,432 15,839 15,408
Noncash financing activities $ 0 $ 0 $ 178