v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 567,724 $ 487,463
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 47,622 44,178
Amortization of intangible assets 11,283 15,258
Loss on investments 291 1,718
Share-based compensation expense 86,575 76,067
Deferred income taxes 6,296 18,652
Other 65 130
Changes in assets and liabilities:    
Accounts receivable, net (213,815) (127,934)
Inventories 66,921 (67,554)
Other assets (30,423) 9,416
Accounts payable 171,967 136,848
Accrued and other liabilities 119,908 118,659
Net cash provided by operating activities 834,414 712,901
Cash flows from investing activities:    
Purchases of property, plant and equipment (47,723) (43,340)
Purchases of deferred compensation investments (5,557) (5,802)
Proceeds from sales of deferred compensation investments 5,718 4,958
Other investing activities (1,196) (1,173)
Net cash used in investing activities (48,758) (45,357)
Cash flows from financing activities:    
Payment of cash dividends (233,059) (207,853)
Purchases of registered shares (255,380) (463,322)
Proceeds from exercises of stock options and purchase rights 24,172 20,235
Tax withholdings related to net share settlements of restricted stock units (19,406) (22,251)
Other financing activities 0 (2,908)
Net cash used in financing activities (483,673) (676,099)
Effect of exchange rate changes on cash and cash equivalents 12,632 (9,455)
Net increase (decrease) in cash and cash equivalents 314,615 (18,010)
Cash and cash equivalents, beginning of the period 1,503,205 1,520,842
Cash and cash equivalents, end of the period 1,817,820 1,502,832
Non-cash investing and financing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts 9,344 5,770
Right-of-use assets obtained in exchange for operating lease liabilities 5,967 26,564
Supplemental cash flow information:    
Income taxes paid, net $ 64,762 $ 32,586