XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Mar. 31, 2023
Cash flows from operating activities:          
Net income $ 244,684 $ 140,153 $ 444,528 $ 323,080  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     48,874 56,698  
Amortization of intangible assets     16,583 18,173  
Loss on investments     12,213 13,065  
Share-based compensation expense     64,192 51,740  
Deferred income taxes     (9,515) 24,228  
Other     336 1,411  
Changes in assets and liabilities, net of acquisitions:          
Accounts receivable, net     (46,786) (123,547)  
Inventories     237,969 126,309  
Other assets     3,698 20,918  
Accounts payable     120,383 (134,848)  
Accrued and other liabilities     13,536 (60,060)  
Net cash provided by operating activities     906,011 317,167  
Cash flows from investing activities:          
Purchases of property, plant and equipment     (45,585) (69,122)  
Investment in privately held companies     (406) (2,626)  
Acquisitions, net of cash acquired     (14,138) (8,527)  
Purchases of deferred compensation investments     (7,893) (5,186)  
Proceeds from sales of deferred compensation investments     8,193 4,750  
Net cash used in investing activities     (59,829) (80,711)  
Cash flows from financing activities:          
Payment of cash dividends     (182,305) (158,680)  
Payment of contingent consideration for business acquisition     (5,002) (5,954)  
Purchases of registered shares     (376,775) (327,731)  
Proceeds from exercises of stock options and purchase rights     15,319 16,064  
Tax withholdings related to net share settlements of restricted stock units     (28,596) (28,734)  
Other financing activities     (1,116) 0  
Net cash used in financing activities     (578,475) (505,035)  
Effect of exchange rate changes on cash and cash equivalents     (4,080) (24,006)  
Net increase (decrease) in cash and cash equivalents     263,627 (292,585)  
Cash and cash equivalents, beginning of the period     1,149,023 1,328,716 $ 1,328,716
Cash and cash equivalents, end of the period $ 1,412,650 $ 1,036,131 1,412,650 1,036,131 $ 1,149,023
Non-cash investing and financing activities:          
Property, plant and equipment purchased during the period and included in period end liability accounts     8,738 9,250  
Right-of-use assets obtained in exchange for operating lease liabilities     4,621 42,814  
Supplemental cash flow information:          
Income taxes paid, net     $ 32,777 $ 65,154