v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income $ 27,666 $ 51,522
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 9,012 7,788
Amortization 31,566 34,682
Share-based compensation 104,853 71,950
Loss on extinguishment of debt 5,925 0
Other 5,171 2,906
Net change in operating assets and liabilities:    
Accounts receivable 40,314 (22,362)
Deferred commissions (17,198) (19,581)
Prepaid expenses and other assets 29,616 (17,508)
Accounts payable and accrued expenses 19,365 10,987
Operating leases, net (36) 683
Deferred revenue (21,796) 41,545
Net cash provided by operating activities 234,458 162,612
Cash flows from investing activities:    
Purchase of property and equipment (15,625) (11,768)
Acquisition of businesses, net of cash acquired 0 (13,195)
Net cash used in investing activities (15,625) (24,963)
Cash flows from financing activities:    
Repayment of term loans (281,125) (90,000)
Debt issuance costs (1,949) 0
Proceeds from employee stock purchase plan 17,806 13,913
Proceeds from exercise of stock options 15,102 23,650
Equity repurchases (15) (51)
Net cash used in financing activities (250,181) (52,488)
Effect of exchange rates on cash and cash equivalents (9,168) (1,400)
Net (decrease) increase in cash and cash equivalents (40,516) 83,761
Cash and cash equivalents, beginning of period 462,967 324,962
Cash and cash equivalents, end of period 422,451 408,723
Supplemental cash flow data:    
Cash paid for interest 6,867 6,549
Cash (received from) paid for tax, net $ (20,335) $ 20,230