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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 339,563 $ 375,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 121,200 104,923
Noncash lease expense 41,632 41,718
Stock-based compensation expense 50,992 45,187
Amortization of debt issuance costs 3,329 3,463
Loss on debt extinguishment 10,251 2,515
Gain on dispositions, and other (45,711) (3,564)
Gain associated with equity method investment activities 0 (12,761)
Changes in assets and liabilities:    
Accounts receivable, net (169,375) (150,156)
Deferred income taxes and income taxes receivable / payable (206,065) 38,453
Prepaid expenses and other current and long-term assets 178,383 (19,953)
Accrued compensation and benefits 2,815 (5,371)
Accounts payable and other accrued expenses 79,550 88,529
Other current and long-term liabilities (40,890) (27,614)
Net cash provided by operating activities 365,674 481,151
Cash flows from investing activities    
Purchases of property, equipment, and software (51,398) (51,608)
Payments for business acquisitions, net of cash acquired (440,069) (780,213)
Payments for cost method investments (2,000) (3,000)
Proceeds from sale of businesses 53,409 0
Other investing activities 0 (427)
Net cash used in investing activities (440,058) (835,248)
Cash flows from financing activities    
Proceeds from issuance of common stock 18,003 17,240
Stock option exercises 10,705 3,558
Repurchases of common stock (114,075) (315,148)
Cash dividends paid (173,216) (151,664)
Repayments on revolving credit facility, term loans, and Senior Notes (406,755) (95,162)
Net proceeds from debt issuance 414,751 487,027
Proceeds from revolving credit facility 0 60,000
Net cash (used in) provided by financing activities (250,587) 5,851
Net decrease in cash and cash equivalents (324,971) (348,246)
Cash and cash equivalents––beginning of period 695,910 990,955
Cash and cash equivalents––end of period 370,939 642,709
Net cash paid during the period for:    
Interest 67,782 34,185
Income taxes $ 123,214 $ 62,142