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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:      
Net income $ 364,575 $ 644,513 $ 947,257
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 76,309 88,361 50,752
Amortization of intangible assets 24,407 30,179 31,818
Impairment of intangible assets 0 7,000 0
Loss on investments 14,073 1,683 5,910
Share-based compensation expense 70,782 93,479 86,019
Deferred income taxes 30,714 27,334 34,484
Change in fair value of contingent consideration for business acquisition 0 (3,509) 5,716
Pension curtailment gains (4,225) 0 0
Other 1,005 1,140 (1,784)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable, net 51,185 (71,510) (201,220)
Inventories 247,309 (276,640) (427,501)
Other assets 5,634 (18,169) (67,708)
Accounts payable (219,051) (181,303) 553,960
Accrued and other liabilities (128,707) (44,240) 440,935
Net cash provided by operating activities 534,010 298,318 1,458,638
Cash flows from investing activities:      
Purchases of property, plant and equipment (92,353) (89,152) (76,189)
Investment in privately held companies (4,357) (1,463) (4,115)
Acquisitions, net of cash acquired (8,527) (16,236) (43,523)
Proceeds from return of strategic investments 0 0 2,934
Purchases of short-term investments 0 (10,000) 0
Proceeds from the sale of short-term investments 0 8,260 0
Purchases of deferred compensation investments (6,702) (5,058) (12,336)
Proceeds from sales of deferred compensation investments 6,209 5,786 13,247
Net cash used in investing activities (105,730) (107,863) (119,982)
Cash flows from financing activities:      
Payment of cash dividends (158,680) (159,410) (146,705)
Payment of contingent consideration for business acquisition (5,954) (880) 0
Purchases of registered shares (418,346) (412,022) (164,952)
Proceeds from exercises of stock options and purchase rights 28,790 29,649 43,810
Tax withholdings related to net share settlements of restricted stock units (29,163) (64,156) (32,082)
Net cash used in financing activities (583,353) (606,819) (299,929)
Effect of exchange rate changes on cash and cash equivalents (24,620) (5,247) (3,966)
Net (decrease) increase in cash and cash equivalents (179,693) (421,611) 1,034,761
Cash and cash equivalents at beginning of the period 1,328,716 1,750,327 715,566
Cash and cash equivalents at end of the period 1,149,023 1,328,716 1,750,327
Non-cash investing and financing activities:      
Property, plant and equipment purchased during the period and included in period end liability accounts 8,593 11,890 16,819
Non-cash payment for contingent consideration for acquisition 0 292 28,463
Fair value of contingent consideration in accrued and other liabilities 2,151 9,013 0
Supplemental cash flow information:      
Income taxes paid, net $ 71,955 $ 192,898 $ 23,041