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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income $ 108,657 $ 27,731
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 459,032 340,925
Deferred income taxes 67,555 (52,215)
Share-based compensation expense related to equity incentive plans 70,021 106,089
Loss on settlement of convertible debt 15,966 0
Amortization of debt discount on convertible debt 79,017 36,907
Amortization of debt issuance costs 4,952 3,182
Losses on equity method investments 167 167
Gains on sale of assets (5,421) (78)
Losses on write-down of fixed assets 60 1,278
Impairment of intangible assets 252 10,226
Realized losses on available-for-sale investment 0 89
Realized gains on equity method investment 0 (468)
Impairment of available-for-sale investment 0 1,433
Amortization of premium on available-for-sale investments 531 5
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Increase in accounts receivable (74,762) (43,551)
(Increase) decrease in inventories (70,183) 220,674
Increase in deferred income on shipments to distributors 42,890 110,827
Increase (decrease) in accounts payable and accrued liabilities 41,782 (22,261)
Change in other assets and liabilities 15,663 (18,780)
Change in income tax payable 303,903 5,364
Operating cash flows related to discontinued operations 0 9,348
Net cash provided by operating activities 1,060,082 736,892
Cash flows from investing activities:    
Purchases of available-for-sale investments (1,338,140) (35,147)
Maturities of available-for-sale investments 520,086 350
Sales of available-for-sale investments 0 470,215
Sale of equity method investment 0 468
Acquisition of Atmel, net of cash acquired 0 (2,747,516)
Investments in other assets (5,384) (9,597)
Proceeds from sale of assets 10,289 23,069
Capital expenditures (148,412) (52,338)
Net cash used in investing activities (961,561) (2,350,496)
Cash flows from financing activities:    
Payments on settlement of convertible debt [1] (73,421) 0
Repayments of revolving loan under credit facility [1] (187,000) (1,078,500)
Proceeds from borrowings on revolving loan under credit facility [1] 187,000 1,517,000
Deferred financing costs [1] (1,208) 0
Payment of cash dividends [1] (252,360) (232,847)
Proceeds from sale of common stock [1] 26,576 28,893
Tax payments related to shares withheld for vested restricted stock units [1] (34,126) (48,161)
Capital lease payments [1] (587) (587)
Net cash (used in) provided by financing activities [1] (335,126) 185,798
Effect of foreign exchange rate changes on cash and cash equivalents 0 (1,007)
Net decrease in cash and cash equivalents (236,605) (1,428,813)
Cash and cash equivalents at beginning of period 908,684 2,092,751
Cash and cash equivalents at end of period $ 672,079 $ 663,938
[1] During the nine months ended December 31, 2017, the Company issued $111.3 million principal amount of 2017 Junior Notes and 3.2 million shares of common stock in exchange for $111.3 million principal amount of 2007 Junior Notes. Refer to Note 13 Debt and Credit Facility for further discussion.