v3.25.4
Unaudited condensed consolidated statements of cash flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 435,280 $ 359,432
Depreciation and amortization of intangible assets 21,586 8,299
Changes in working capital and other, net (65,383) 50,736
Net cash provided by operating activities 391,483 418,467
Cash flows from investing activities:    
Purchases of property and equipment (31,463) (23,841)
Payment for acquisitions, net of cash acquired (124,112) (144,675)
Other investing activities (2,747) 0
Net cash used in investing activities (158,322) (168,516)
Cash flows from financing activities:    
Repayment of bank borrowings 0 (2,813)
Payment of revolver issuance costs (1,993) (6,017)
TRA payment (27,427) (15,520)
Distribution to former non-controlling interest holder (3,010) (6,112)
Payment of acquisition deferred purchase price (14,210) 0
Net cash used in financing activities (46,640) (30,462)
Net increase in cash and cash equivalents 186,521 219,489
Cash and cash equivalents beginning of period 766,103 474,054
Cash and cash equivalents end of period 952,624 693,543
Non-cash investing and financing activities:    
Unpaid purchases of property and equipment 1,164 387
Reduction of lease liabilities and right-of-use assets from lease termination 0 (8,667)
Right-of-use assets obtained in exchange of lease liabilities 27,349 28,461
TRA revaluation 0 3,761
Stock-based compensation tax benefits 0 1,698
Fair value of contingent considerations for acquisitions 29,930 2,550
Acquisition deferred purchase price $ 2,799 $ 1,400