XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Apr. 01, 2017
Cash flows from operating activities:      
Net income $ 889,750 $ 463,981 [1] $ 628,133 [1]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of software 70,704 50,172 45,423
Depreciation 53,300 46,400 45,400
Amortization 33,656 46,582 17,203
Stock-based compensation 147,942 153,815 122,858
Amortization of debt discount 1,144 2,548 11,692
Provision for deferred income taxes (32,993) (363,923) 68,856
Others 3,901 8,189 (1,834)
Changes in assets and liabilities:      
Accounts receivable, net 47,081 (98,396) [1] 59,245 [1]
Inventories (78,602) (9,176) (48,244)
Prepaid expenses and other current assets (4,696) (9,727) (1,000)
Other assets (27,484) (22,243) (20,556)
Accounts payable 11,137 (16,691) 10,983
Accrued liabilities (including executive transition costs) 46,585 48,723 [1] 33,899 [1]
Income taxes payable (16,910) 566,173 7,473
Net cash provided by operating activities 1,091,215 820,027 934,131
Cash flows from investing activities:      
Purchases of available-for-sale securities (1,998,881) (2,332,140) (2,817,197)
Proceeds from Sale of Debt Securities, Available-for-sale 35,734 1,161,410 695,030
Proceeds from maturity of available-for-sale securities 1,650,604 2,194,828 2,709,547
Purchases of property, plant, equipment and software (89,045) (49,918) (72,051)
Payments to Acquire Businesses, Net of Cash Acquired (234,145) (1,364) (3,114)
Other investing activities (54,810) (24,573) (18,265)
Net cash provided by (used in) investing activities (690,543) 948,243 493,950
Cash flows from financing activities:      
Repurchases of common stock (161,551) (474,254) (522,045)
Taxes paid related to net share settlement of restricted stock units (48,335) (60,391) (35,392)
Proceeds from issuance of common stock through various stock plans 48,669 47,454 68,184
Payment of dividends to stockholders (364,244) (353,053) (332,542)
Repayments of Long-term Debt 500,000 457,918 142,082
Proceeds from issuance of long-term debts 0 745,175 0
Other financing activities (10,049) (2,650) (1,325)
Net cash used in financing activities (1,035,510) (555,637) (965,202)
Net increase (decrease) in cash and cash equivalents (634,838) 1,212,633 462,879
Cash and cash equivalents at beginning of period 2,179,328 966,695 503,816
Cash and cash equivalents at end of period 1,544,490 2,179,328 966,695
Supplemental disclosure of cash flow information:      
Interest paid 70,326 50,928 41,375
Income taxes paid (refunded), net 128,377 25,343 (6,341)
Unsettled investment receivables 655 16,461 21,558
Unsettled investment payables 0 5,860 62,199
Capital Expenditures Incurred but Not yet Paid $ 66,237 $ 15,897 $ 1,461
[1] Prior year balances have been restated to reflect the retrospective application of the new revenue recognition accounting standard. Please refer to "Note 2. Summary of Significant Accounting Policies and Concentrations of Risk."