XML 36 R8.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:      
Net loss $ (33,833) $ (90,268) $ (124,511)
Earnings from discontinued operations, net of tax 0 0 (750)
Non-cash operating activities:      
Depreciation and amortization 24,248 27,741 35,901
Loss on disposal or impairment of assets 183 388 1,725
Gain on distribution from retained profits interest (30,235) 0 0
Provision for doubtful accounts 4,217 2,915 7,133
Deferred income taxes (1,540) (1,418) (6,878)
Non-cash stock compensation expense 87,257 111,707 89,447
Changes in operating assets and liabilities:      
Accounts receivable, net (38,611) (24,828) (20,518)
Deferred commissions (7,975) (6,605) (5,273)
Other assets 26,863 (18,772) (6,144)
Accounts payable and other liabilities 8,850 (116) 24,923
Income taxes, net 33,969 (26,215) (25,453)
Deferred revenue 4,684 4,911 1,823
Net cash provided by (used in) operating activities 78,077 (20,560) (28,575)
Cash flows from investing activities:      
Capital expenditures (4,499) (2,182) (11,711)
Proceeds from sales of assets 0 0 873
Cash paid in acquisitions, net of cash received (19,107) (76,012) (105,365)
Distribution from retained profits interest 31,184 0 0
Purchases of investments 0 (7,500) 0
Purchases of strategic investments 0 (2,200) 0
Net cash provided by (used in) investing activities 7,578 (87,894) (116,203)
Cash flows from financing activities:      
Proceeds related to the issuance of common stock under stock and employee benefit plans 6,266 8,737 4,736
Shares repurchased for tax withholdings upon vesting of stock-based awards (14,626) (9,920) (24,522)
Acquisition of treasury stock (58,621) (42,312) (182,190)
Net cash used in financing activities (66,981) (43,495) (201,976)
Net cash provided by (used in) continuing operations 18,674 (151,949) (346,754)
Cash flows from discontinued operations:      
From operating activities 0 0 (207)
From investing activities 0 0 18,582
Net cash provided by discontinued operations 0 0 18,375
Effect of exchange rate changes on cash (199) 1,010 (468)
Net change in cash and cash equivalents 18,475 (150,939) (328,847)
Cash and cash equivalents at beginning of period 581,687 732,626 1,061,473
Cash and cash equivalents at end of period 600,162 581,687 732,626
Supplemental cash flow information:      
Cash (received) for income taxes, net (32,916) (2,911) (7,344)
Operating lease assets obtained in exchange for operating lease liabilities $ 56,182 $ 372 $ 2,707