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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 555,345 $ 332,106
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 83,185 82,754
Noncash lease expense 26,036 28,059
Stock-based compensation expense 45,712 37,510
Amortization of debt issuance costs 2,721 2,245
Loss on debt extinguishment 0 965
Net (gains) losses on investments, dispositions, and other (10,729) 1,408
Changes in operating assets and liabilities:    
Accounts receivable, net (160,631) (235,244)
Deferred income taxes and income taxes receivable / payable (29,993) (67,978)
Prepaid expenses and other current and long-term assets (29,409) (22,149)
Accrued compensation and benefits 195,332 5,553
Accounts payable and other accrued expenses (23,563) (260,873)
Other current and long-term liabilities (14,787) (23,273)
Net cash provided by (used in) operating activities 639,219 (118,917)
Cash flows from investing activities    
Purchases of property, equipment, and software (56,247) (27,436)
Payments for business acquisitions and dispositions, net of cash acquired (92,541) (406)
Payments for cost method investments (4,484) (9,160)
Net cash used in investing activities (153,272) (37,002)
Cash flows from financing activities    
Proceeds from issuance of common stock 16,037 13,947
Stock option exercises 4,634 13,133
Repurchases of common stock (348,572) (209,187)
Cash dividends paid (132,954) (125,122)
Proceeds from revolving credit facility 0 500,000
Repayments on revolving credit facility, term loans, and Senior Notes (20,625) (520,625)
Net proceeds from debt issuance 0 636,207
Net cash (used in) provided by financing activities (481,480) 308,353
Net increase in cash and cash equivalents 4,467 152,434
Cash and cash equivalents––beginning of period 554,257 404,862
Cash and cash equivalents––end of period 558,724 557,296
Net cash paid during the period for:    
Interest 97,138 78,098
Income taxes 189,746 144,720
Supplemental disclosures of non-cash investing activities:    
Unpaid property, equipment, and software purchases $ 3,603 $ 0