XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 141,833 $ 62,727
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14,506 17,498
Amortization of intangible assets 5,079 5,827
Loss on investments 1,186 11,823
Share-based compensation expense 23,405 21,511
Deferred income taxes 11,662 2,962
Other (24) 24
Changes in assets and liabilities:    
Accounts receivable, net (53,952) 65,390
Inventories (39,095) 110,440
Other assets 4,907 34,342
Accounts payable 109,028 (18,420)
Accrued and other liabilities (42,506) (74,329)
Net cash provided by operating activities 176,029 239,795
Cash flows from investing activities:    
Purchases of property, plant and equipment (14,586) (16,238)
Purchases of deferred compensation investments (695) (1,069)
Proceeds from sales of deferred compensation investments 738 1,071
Other investing activities (816) (1,294)
Net cash used in investing activities (15,359) (17,530)
Cash flows from financing activities:    
Purchases of registered shares (130,899) (95,076)
Proceeds from exercises of stock options and purchase rights 4,618 2,113
Tax withholdings related to net share settlements of restricted stock units (18,853) (24,196)
Net cash used in financing activities (145,134) (117,159)
Effect of exchange rate changes on cash and cash equivalents (1,998) (3,043)
Net increase in cash and cash equivalents 13,538 102,063
Cash and cash equivalents, beginning of the period 1,520,842 1,149,023
Cash and cash equivalents, end of the period 1,534,380 1,251,086
Non-cash investing and financing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts 8,130 15,375
Right-of-use assets obtained in exchange for operating lease liabilities 4,292 1,399
Supplemental cash flow information:    
Income taxes paid, net $ 10,374 $ 10,019