v3.24.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income $ 444,380 $ 116,688
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 13,851 11,781
Amortization 27,603 29,067
Share-based compensation 201,499 153,298
Deferred income taxes (378,795) (49,579)
Other 4,135 7,016
Net change in operating assets and liabilities:    
Accounts receivable 204,251 83,444
Deferred commissions (3,035) 874
Prepaid expenses and other assets (21,573) (27,437)
Accounts payable and accrued expenses (27,608) (24,022)
Operating leases, net 434 1,253
Deferred revenue (168,513) (55,946)
Net cash provided by operating activities 296,629 246,437
Cash flows from investing activities:    
Purchase of property and equipment (11,540) (16,662)
Capitalized software additions 0 (4,655)
Acquisition of a business, net of cash acquired (100) (32,297)
Purchases of investments (107,989) 0
Proceeds from sales and maturities of investments 68,145 0
Net cash used in investing activities (51,484) (53,614)
Cash flows from financing activities:    
Payments of deferred consideration related to capitalized software additions (1,656) 0
Proceeds from employee stock purchase plan 21,159 19,472
Proceeds from exercise of stock options 14,903 24,205
Repurchases of common stock (130,100) 0
Taxes paid related to net share settlement of equity awards (16,338) 0
Net cash (used in) provided by financing activities (112,032) 43,677
Effect of exchange rates on cash and cash equivalents (4,614) (9,199)
Net increase in cash and cash equivalents 128,499 227,301
Cash and cash equivalents, beginning of period 778,983 555,348
Cash and cash equivalents, end of period 907,482 782,649
Supplemental cash flow data:    
Cash paid for interest 575 656
Cash paid for tax, net 84,344 61,758
Non-cash investing and financing activities:    
Capitalized software additions in accounts payable and accrued expenses $ 0 $ 6,686

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