v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income $ 51,522 $ 48,760
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 7,788 6,589
Amortization 34,682 39,046
Share-based compensation 71,950 43,091
Deferred income taxes 34 (3,014)
Other 2,872 (1,240)
Net change in operating assets and liabilities:    
Accounts receivable (22,362) (37,693)
Deferred commissions (19,581) (6,380)
Prepaid expenses and other assets (17,508) 25,920
Accounts payable and accrued expenses 10,987 14,891
Operating leases, net 683 599
Deferred revenue 41,545 3,996
Net cash provided by operating activities 162,612 134,565
Cash flows from investing activities:    
Purchase of property and equipment (11,768) (8,868)
Capitalized software additions 0 (248)
Acquisition of businesses, net of cash acquired (13,195) 0
Net cash used in investing activities (24,963) (9,116)
Cash flows from financing activities:    
Repayment of term loans (90,000) (60,000)
Proceeds from employee stock purchase plan 13,913 9,195
Proceeds from exercise of stock options 23,650 6,849
Equity repurchases (51) (36)
Net cash used in financing activities (52,488) (43,992)
Effect of exchange rates on cash and cash equivalents (1,400) 4,878
Net increase in cash and cash equivalents 83,761 86,335
Cash and cash equivalents, beginning of period 324,962 213,170
Cash and cash equivalents, end of period 408,723 299,505
Supplemental cash flow data:    
Cash paid for interest 6,549 9,914
Cash paid for (received from) tax, net $ 12,902 $ (14,472)

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