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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 308,874 $ 246,936
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,154 65,347
Noncash lease expense 27,558 27,664
Stock-based compensation expense 32,222 28,428
Amortization of debt issuance costs 2,287 2,294
Loss on debt extinguishment 10,251 2,515
(Gains) losses on dispositions, and other (30,151) (3,018)
Gain on consolidation of equity method investment 0 (5,666)
Changes in assets and liabilities:    
Accounts receivable, net (39,358) (43,125)
Deferred income taxes and income taxes receivable / payable (130,843) 59,350
Prepaid expenses and other current and long-term assets (15,885) (27,747)
Accrued compensation and benefits (26,629) (25,268)
Accounts payable and other accrued expenses 41,453 149,586
Other current and long-term liabilities (31,841) (17,550)
Net cash provided by operating activities 227,092 459,746
Cash flows from investing activities    
Purchases of property, equipment, and software (29,734) (29,675)
Payments for business acquisitions, net of cash acquired 0 (779,581)
Payments for cost method investments 0 (2,000)
Cash received from the sale of a business 44,063 0
Net cash provided by (used in) investing activities 14,329 (811,256)
Cash flows from financing activities    
Proceeds from issuance of common stock 12,052 11,526
Stock option exercises 7,992 3,016
Repurchases of common stock (103,266) (232,381)
Cash dividends paid (115,897) (101,869)
Repayments on revolving credit facility, term loans, and Senior Notes (396,443) (78,067)
Net proceeds from debt issuance 414,751 487,027
Proceeds from revolving credit facility 0 60,000
Net cash (used in) provided by financing activities (180,811) 149,252
Net increase (decrease) in cash and cash equivalents 60,610 (202,258)
Cash and cash equivalents––beginning of period 695,910 990,955
Cash and cash equivalents––end of period 756,520 788,697
Net cash paid during the period for:    
Interest 42,936 27,658
Income taxes $ 215,767 $ 15,249