XML 61 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:      
Net income $ 395,281 $ 127,389 $ 336,705
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 189,139 204,097 99,424
Deferred income taxes 5,321 (28,368) 21,954
Share-based compensation expense related to equity incentive plans 53,787 52,069 38,289
Excess tax benefit from share-based compensation (1,411) (297) (576)
Convertible debt derivatives - revaluation and amortization (482) 138 204
Amortization of debt discount on convertible debentures 8,970 8,197 7,512
Amortization of debt issuance costs 1,959 217 219
Losses on equity method investments 177 617 195
Losses (gains) on sale of assets 244 (256) (411)
Loss on write-down of fixed assets 0 400 0
Impairment of intangible assets 350 0 0
Amortization of premium on available-for-sale investments 10,754 13,186 15,520
Unrealized impairment loss on available-for-sale investments 0 413 2,158
Special (income) charges (459) 4,400 (1,000)
Gain on shares of acquired company (2,438) 0 0
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (12,508) 386 11,845
(Increase) decrease in inventories (18,500) 65,867 (35,240)
Increase (decrease) in deferred income on shipments to distributors 8,846 18,867 (31,335)
Decrease in accounts payable and accrued liabilities (11,633) (40,914) (61,455)
Change in other assets and liabilities 49,167 32,957 7,970
Net cash provided by operating activities 676,564 459,365 411,978
Cash flows from investing activities:      
Purchases of available-for-sale investments (1,337,482) (998,977) (1,149,145)
Sales and maturities of available-for-sale investments 951,296 856,579 983,500
Acquisition of SMSC, net of cash acquired 0 (731,746) 0
Other business acquisitions, net of cash acquired (11,187) (20,556) (38,580)
Investments in other assets (9,069) (4,730) (5,818)
Proceeds from sale of assets 16,235 306 411
Capital expenditures (113,072) (50,818) (62,370)
Net cash used in investing activities (503,279) (949,942) (272,002)
Cash flows from financing activities:      
Repayments of revolving loan under previous credit facility (650,000) (761,000) 0
Repayments of revolving loan under new credit facility (453,500) 0 0
Proceeds from borrowings on revolving loan under previous credit facility 30,000 1,381,000 0
Proceeds from borrowings on revolving loan under new credit facility 753,500 0 0
Proceeds from issuance of long-term borrowings 350,000 0 0
Deferred financing costs (7,515) 0 0
Payment of cash dividends (281,204) (273,822) (266,178)
Proceeds from sale of common stock 37,446 35,695 57,457
Contingent consideration payment (14,700) 0 0
Capital lease payments (454) 0 0
Excess tax benefit from share-based compensation 1,411 297 576
Net cash (used in) provided by financing activities (235,016) 382,170 (208,145)
Effect of foreign exchange rate changes on cash and cash equivalents 0 986 0
Net decrease in cash and cash equivalents (61,731) (107,421) (68,169)
Cash and cash equivalents at beginning of period 528,334 635,755 703,924
Cash and cash equivalents at end of period $ 466,603 $ 528,334 $ 635,755