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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ 742,295 $ 477,750
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 123,341 123,867
Noncash lease expense 38,967 40,558
Stock-based compensation expense 70,830 61,277
Amortization of debt issuance costs 4,105 3,580
Loss on debt extinguishment 0 965
Net (gains) losses on investments, dispositions, and other (10,769) 2,188
Changes in operating assets and liabilities:    
Accounts receivable, net (158,984) (193,483)
Deferred income taxes and income taxes receivable / payable (105,321) (76,982)
Prepaid expenses and other current and long-term assets (15,639) (4,535)
Accrued compensation and benefits 224,241 43,758
Accounts payable and other accrued expenses (103,068) (323,730)
Other current and long-term liabilities (20,007) (40,145)
Net cash provided by operating activities 789,991 115,068
Cash flows from investing activities    
Purchases of property, equipment, and software (73,428) (50,532)
Payments for business acquisitions and dispositions, net of cash acquired (96,524) (406)
Payments for cost method investments (13,813) (17,316)
Net cash used in investing activities (183,765) (68,254)
Cash flows from financing activities    
Proceeds from issuance of common stock 24,859 20,899
Stock option exercises 5,000 14,409
Repurchases of common stock (497,116) (303,654)
Cash dividends paid (198,437) (186,787)
Proceeds from revolving credit facility 0 500,000
Repayments on revolving credit facility, term loans, and Senior Notes (41,250) (530,937)
Net proceeds from debt issuance 0 636,207
Net cash (used in) provided by financing activities (706,944) 150,137
Net (decrease) increase in cash and cash equivalents (100,718) 196,951
Cash and cash equivalents––beginning of period 554,257 404,862
Cash and cash equivalents––end of period 453,539 601,813
Net cash paid during the period for:    
Interest 121,373 105,259
Income taxes 321,896 222,267
Supplemental disclosures of non-cash investing activities:    
Unpaid property, equipment, and software purchases $ 4,207 $ 0