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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:      
Net income $ 349,400,000 $ 570,600,000 $ 355,900,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,153,300,000 1,215,600,000 876,400,000
Deferred income taxes (138,900,000) (490,300,000) (62,200,000)
Share-based compensation expense related to equity incentive plans 198,300,000 170,200,000 166,400,000
Loss on settlement of debt 299,600,000 5,400,000 12,600,000
Amortization of debt discount 71,100,000 121,700,000 114,600,000
Amortization of debt issuance costs 17,100,000 17,100,000 16,500,000
Losses on equity method investments 0 0 200,000
Gains on sale of assets (7,100,000) (2,200,000) 0
Losses on write-down of fixed assets 900,000 2,700,000 800,000
Impairment of intangible assets 0 2,200,000 3,100,000
Gains on equity investments (200,000) (2,500,000) 0
Impairment of available-for-sale investments 0 0 6,000,000.0
Amortization of premium on available-for-sale investments 0 0 (200,000)
Changes in operating assets and liabilities, excluding impact of acquisitions:      
(Increase) decrease in accounts receivable (63,700,000) (53,300,000) 238,800,000
Decrease in inventories 18,400,000 28,800,000 341,600,000
Increase (decrease) in accounts payable and accrued liabilities 17,600,000 11,400,000 (180,700,000)
Change in other assets and liabilities (16,700,000) (13,100,000) (24,200,000)
Change in income tax payable 17,400,000 (40,500,000) (190,800,000)
Net cash provided by operating activities 1,916,500,000 1,543,800,000 1,674,800,000
Cash flows from investing activities:      
Purchases of available-for-sale investments 0 (2,000,000.0) (167,700,000)
Maturities of available-for-sale investments 0 0 78,000,000.0
Sales of available-for-sale investments and marketable equity securities 0 4,700,000 1,376,600,000
Acquisition of Microsemi, net of cash acquired 0 0 (7,850,600,000)
Investments in other assets (89,000,000.0) (71,500,000) (18,600,000)
Proceeds from sale of assets 8,300,000 3,200,000 200,000
Capital expenditures (92,600,000) (67,600,000) (228,900,000)
Net cash used in investing activities (173,300,000) (133,200,000) (6,811,000,000.0)
Cash flows from financing activities:      
Proceeds from issuance of senior notes 3,577,800,000 0 1,989,500,000
Proceeds from borrowings on bridge loan facility 0 611,900,000 0
Repayment of bridge loan facility (615,000,000.0) 0 0
Payments on settlement of convertible debt (2,611,400,000) (615,000,000.0) 0
Repayment of debt assumed in Microsemi acquisition 0 0 (2,056,900,000)
Deferred financing costs (21,200,000) (8,900,000) (72,700,000)
Purchase of capped call options (35,800,000) 0 0
Payment of cash dividends (388,300,000) (350,100,000) (344,400,000)
Proceeds from sale of common stock 60,300,000 58,800,000 42,600,000
Tax payments related to shares withheld for vested restricted stock units (64,600,000) (68,100,000) (71,800,000)
Capital lease payments (600,000) (800,000) (800,000)
Net cash (used in) provided by financing activities (1,864,200,000) (1,438,200,000) 4,663,500,000
Net decrease in cash and cash equivalents (121,000,000.0) (27,600,000) (472,700,000)
Cash and cash equivalents, and restricted cash at beginning of period 401,000,000.0 428,600,000 901,300,000
Cash and cash equivalents, and restricted cash at end of period 280,000,000.0 401,000,000.0 428,600,000
Supplemental disclosure of cash flow information:      
Restricted cash 0 25,000,000.0 38,400,000
ROU assets obtained in exchange of lease liabilities 65,600,000 24,800,000
Cash paid for interest 265,400,000 355,200,000 347,900,000
Cash paid for income taxes 87,300,000 101,300,000 77,600,000
Operating lease payments in operating cash flows 47,400,000 46,500,000  
Revolving Credit Facility      
Cash flows from financing activities:      
Proceeds from borrowings under line of credit 3,966,000,000.0 1,026,000,000.0 4,416,500,000
Repayments of line of credit (4,007,900,000) (1,904,000,000.0) (1,150,000,000.0)
Term Loan Facility      
Cash flows from financing activities:      
Proceeds from borrowings under line of credit 0 0 3,000,000,000.0
Repayments of line of credit $ (1,723,500,000) $ (188,000,000.0) $ (1,088,500,000)