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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 186,841 $ 72,073
Adjustments to reconcile net income to net cash provided by/ (used in) operating activities:    
Depreciation 20,462 11,747
Amortization of intangible assets 8,843 8,132
Gain on investments (1,071) (174)
Share-based compensation expense 23,651 20,115
Deferred income taxes (4,158) 3,589
Change in fair value of contingent consideration for business acquisition (1,474) 5,716
Other 1,045 9
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net 73,308 (102,092)
Inventories (115,166) (40,385)
Other assets (30,796) (15,770)
Accounts payable (115,620) 168,346
Accrued and other liabilities (160,835) (12,459)
Net cash provided by / (used in) operating activities (114,970) 118,847
Cash flows from investing activities:    
Purchases of property, plant and equipment (24,514) (12,308)
Investment in privately held companies (501) (30)
Acquisition, net of cash acquired (15,586) 0
Purchases of trading investments (1,091) (2,424)
Proceeds from sales of trading investments 1,345 2,362
Net cash used in investing activities (40,347) (12,400)
Cash flows from financing activities:    
Purchases of registered shares (54,872) 0
Proceeds from exercises of stock options and purchase rights 2,750 9,992
Tax withholdings related to net share settlements of restricted stock units (50,411) (23,121)
Net cash used in financing activities (102,533) (13,129)
Effect of exchange rate changes on cash and cash equivalents 5,244 511
Net increase / (decrease) in cash and cash equivalents (252,606) 93,829
Cash and cash equivalents, beginning of the period 1,750,327 715,566
Cash and cash equivalents, end of the period 1,497,721 809,395
Non-cash investing and financing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts 13,051 7,590
Non-cash contingent consideration for acquisition 9,973 0
Supplemental cash flow information:    
Income taxes paid, net $ 134,766 $ 0