XML 20 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 332,106 $ 308,874
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,754 79,154
Noncash lease expense 28,059 27,558
Stock-based compensation expense 37,510 32,222
Amortization of debt issuance costs 2,245 2,287
Loss on debt extinguishment 965 10,251
Losses (gains) on dispositions, and other 1,408 (30,151)
Changes in assets and liabilities:    
Accounts receivable, net (235,244) (39,358)
Deferred income taxes and income taxes receivable / payable (67,978) (130,843)
Prepaid expenses and other current and long-term assets (22,149) (15,885)
Accrued compensation and benefits 5,553 (26,629)
Accounts payable and other accrued expenses (260,873) 41,453
Other current and long-term liabilities (23,273) (31,841)
Net cash (used in) provided by operating activities (118,917) 227,092
Cash flows from investing activities    
Purchases of property, equipment, and software (27,436) (29,734)
Payments for business acquisitions and dispositions (406) 0
Payments for cost method investments (9,160) 0
Proceeds from sale of businesses 0 44,063
Net cash (used in) provided by investing activities (37,002) 14,329
Cash flows from financing activities    
Proceeds from issuance of common stock 13,947 12,052
Stock option exercises 13,133 7,992
Repurchases of common stock (209,187) (103,266)
Cash dividends paid (125,122) (115,897)
Repayments on revolving credit facility, term loans, and Senior Notes (520,625) (396,443)
Net proceeds from debt issuance 636,207 414,751
Proceeds from revolving credit facility 500,000 0
Net cash provided by (used in) financing activities 308,353 (180,811)
Net increase in cash and cash equivalents 152,434 60,610
Cash and cash equivalents––beginning of period 404,862 695,910
Cash and cash equivalents––end of period 557,296 756,520
Net cash paid during the period for:    
Interest 78,098 42,936
Income taxes $ 144,720 $ 215,767