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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:      
Net income $ 257,573 $ 208,542 $ 205,876
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 43,471 41,295 41,121
Amortization of intangible assets 24,180 15,607 9,367
Share-based compensation expense 50,265 44,138 35,890
Gain on investments (816) (669) (569)
Deferred income taxes (12,257) 7,141 (2,397)
Change in fair value of contingent consideration for business acquisition 0 (4,908) (8,092)
Other (230) (11) 107
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable, net (58,798) (26,363) (46,553)
Inventories (21,551) 16,047 (15,428)
Other assets (8,800) (16,908) (5,309)
Accounts payable (19,134) 17,695 24,459
Accrued and other liabilities 51,278 44,655 49,917
Net cash provided by operating activities 305,181 346,261 288,389
Cash flows from investing activities:      
Purchases of property, plant and equipment (35,930) (39,748) (31,804)
Investment in privately held companies (2,717) (1,240) (960)
Acquisitions, net of cash acquired (133,814) (88,323) (66,987)
Proceeds from return of investments 124 237 0
Purchases of short-term investments (1,505) (6,789) 0
Purchases of trading investments 0 6,789 0
Purchases of trading investments (5,203) (6,053) (7,052)
Proceeds from sales of trading investments 5,700 6,423 7,124
Net cash used in investing activities (173,345) (128,704) (99,679)
Cash flows from financing activities:      
Payment of cash dividends (113,971) (104,248) (93,093)
Purchases of registered shares (32,449) (30,722) (83,786)
Payment of contingent consideration for business acquisition 0 (5,000) 0
Proceeds from exercises of stock options and purchase rights 18,057 41,910 39,574
Tax withholdings related to net share settlements of restricted stock units (30,770) (29,813) (18,412)
Net cash used in financing activities (159,133) (127,873) (155,717)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10,134) 4,730 (5,370)
Net increase (decrease) in cash, cash equivalents and restricted cash (37,431) 94,414 27,623
Cash, cash equivalents and restricted cash at beginning of the period 641,947 547,533 519,910
Cash, cash equivalents and restricted cash at end of the period 604,516 641,947 547,533
Non-cash investing activities:      
Property, plant and equipment purchased during the period and included in period end liability accounts 3,983 3,869 5,072
Supplemental cash flow information:      
Income taxes paid, net $ 15,312 $ 15,051 $ 11,323