XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income $ 721,510 $ 235,803
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 36,010 32,154
Amortization of intangible assets 23,627 21,958
Loss on investments 4,692 772
Share-based compensation expense 64,714 40,301
Deferred income taxes 37,683 480
Change in fair value of contingent consideration for business acquisition 5,716 0
Other (1,670) (1,012)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (476,804) (147,292)
Inventories (239,378) (15,170)
Other assets (53,281) 2,866
Accounts payable 541,024 155,190
Accrued and other liabilities 264,576 (1,896)
Net cash provided by operating activities 928,419 324,154
Cash flows from investing activities:    
Purchases of property, plant and equipment (46,163) (28,667)
Investment in privately held companies (3,525) (310)
Acquisitions, net of cash acquired (360) (91,569)
Proceeds from the sale of property, plant and equipment 0 1,037
Proceeds from return of strategic investments 2,934 0
Purchases of trading investments (10,672) (3,071)
Proceeds from sales of trading investments 11,332 3,139
Net cash used in investing activities (46,454) (119,441)
Cash flows from financing activities:    
Payment of cash dividends (146,705) (124,180)
Purchases of registered shares (72,725) (15,127)
Proceeds from exercises of stock options and purchase rights 29,709 11,540
Tax withholdings related to net share settlements of restricted stock units (29,475) (23,096)
Net cash used in financing activities (219,196) (150,863)
Effect of exchange rate changes on cash and cash equivalents 10,408 (2,320)
Net increase in cash and cash equivalents 673,177 51,530
Cash and cash equivalents, beginning of the period 715,566 604,516
Cash and cash equivalents, end of the period 1,388,743 656,046
Non-cash investing and financing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts 14,663 4,871
Non-cash contingent consideration for acquisition $ 28,463 $ 0