v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 415,732 $ 316,685
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 32,984 30,935
Amortization of intangible assets 3,105 8,795
Loss (gain) on investments (2,155) 497
Share-based compensation expense 58,181 63,140
Deferred income taxes 14,341 22,196
Other (6) (12)
Changes in assets and liabilities:    
Accounts receivable, net (248,745) (235,859)
Inventories (65,242) (1,780)
Other assets 9,064 (17,484)
Accounts payable 110,327 165,419
Accrued and other liabilities 2,683 1,350
Net cash provided by operating activities 330,269 353,882
Cash flows from investing activities:    
Purchases of property, plant and equipment (31,514) (32,833)
Purchases of deferred compensation investments (5,702) (4,037)
Proceeds from sales of deferred compensation investments 6,034 3,559
Other investing activities (5,292) (983)
Net cash used in investing activities (36,474) (34,294)
Cash flows from financing activities:    
Payment of cash dividends (235,343) (233,059)
Purchases of registered shares (284,462) (228,263)
Proceeds from exercises of stock options and purchase rights 32,046 21,713
Tax withholdings related to net share settlements of restricted stock units (37,691) (18,211)
Net cash used in financing activities (525,450) (457,820)
Effect of exchange rate changes on cash and cash equivalents (2,244) 10,834
Net decrease in cash and cash equivalents (233,899) (127,398)
Cash and cash equivalents, beginning of the period 1,741,546 1,503,205
Cash and cash equivalents, end of the period 1,507,647 1,375,807
Non-cash investing and financing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts 11,159 10,444
Right-of-use assets obtained in exchange for operating lease liabilities 23,013 5,823
Supplemental cash flow information:    
Income taxes paid, net $ 54,552 $ 42,200