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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 287,316 $ 199,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 29,103 34,135
Amortization of intangible assets 10,171 11,509
Loss on investments 1,599 11,609
Share-based compensation expense 49,874 43,579
Deferred income taxes 16,489 11,108
Other 57 100
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (81,568) (35,362)
Inventories (93,907) 146,369
Other assets 2,241 11,999
Accounts payable 108,376 88,022
Accrued and other liabilities 12,280 (59,853)
Net cash provided by operating activities 342,031 463,059
Cash flows from investing activities:    
Purchases of property, plant and equipment (29,113) (34,731)
Acquisitions, net of cash acquired 0 (14,138)
Purchases of deferred compensation investments (3,600) (2,548)
Proceeds from sales of deferred compensation investments 2,299 2,622
Other investing activities (912) (356)
Net cash used in investing activities (31,326) (49,151)
Cash flows from financing activities:    
Payment of cash dividends (207,853) (182,305)
Payment of contingent consideration for business acquisition (1,245) (5,002)
Purchases of registered shares (263,185) (188,941)
Proceeds from exercises of stock options and purchase rights 20,235 15,319
Tax withholdings related to net share settlements of restricted stock units (21,243) (26,224)
Other financing activities (1,663) (1,116)
Net cash used in financing activities (474,954) (388,269)
Effect of exchange rate changes on cash and cash equivalents 6,683 (10,758)
Net increase (decrease) in cash and cash equivalents (157,566) 14,881
Cash and cash equivalents, beginning of the period 1,520,842 1,149,023
Cash and cash equivalents, end of the period 1,363,276 1,163,904
Non-cash investing and financing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts 6,207 9,218
Right-of-use assets obtained in exchange for operating lease liabilities 22,386 2,574
Supplemental cash flow information:    
Income taxes paid, net $ 17,103 $ 17,408