v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net income $ 162,669,000 $ 483,684,000 $ 154,632,000
Adjustments to reconcile net income to cash provided by operations:      
Depreciation 18,446,000 19,236,000 15,499,000
Amortization 5,613,000 28,868,000 39,441,000
Share-based compensation 299,626,000 271,703,000 208,896,000
Deferred income taxes 25,132,000 (392,942,000) (59,915,000)
Impairment of long-lived assets 18,525,000 0 0
Other (6,928,000) 2,035,000 11,216,000
Net change in operating assets and liabilities:      
Accounts receivable (77,127,000) (24,026,000) (161,888,000)
Deferred contract costs (31,057,000) (14,648,000) (23,520,000)
Prepaid expenses and other assets (15,977,000) (36,593,000) (47,401,000)
Accounts payable and accrued expenses 25,896,000 31,534,000 37,896,000
Operating leases, net 2,434,000 (231,000) 1,026,000
Deferred revenue 134,598,000 90,799,000 202,227,000
Net cash provided by operating activities 561,850,000 459,419,000 378,109,000
Cash flows from investing activities:      
Purchase of property and equipment (32,173,000) (26,106,000) (26,459,000)
Capitalized software additions (194,000) (2,696,000) (5,268,000)
Acquisition of businesses, net of cash acquired (6,000,000) (100,000) (57,111,000)
Purchases of marketable securities (120,306,000) (145,555,000) (104,210,000)
Proceeds from sales and maturities of marketable securities 143,729,000 105,142,000 0
Other (750,000) 0 0
Net cash used in investing activities (15,694,000) (69,315,000) (193,048,000)
Cash flows from financing activities:      
Proceeds from employee stock purchase plan 24,390,000 21,159,000 19,472,000
Proceeds from exercise of stock options 6,487,000 20,995,000 31,191,000
Repurchases of common stock (478,708,000) (172,618,000) 0
Taxes paid related to net share settlement of equity awards (21,845,000) (18,958,000) 0
Other (4,418,000) (2,208,000) 0
Net cash (used in) provided by financing activities (474,094,000) (151,630,000) 50,663,000
Effect of exchange rates on cash and cash equivalents 8,119,000 (418,000) (12,089,000)
Net increase in cash and cash equivalents 80,181,000 238,056,000 223,635,000
Cash and cash equivalents, beginning of year 1,017,039,000 778,983,000 555,348,000
Cash and cash equivalents, end of year 1,097,220,000 1,017,039,000 778,983,000
Supplemental cash flow data:      
Cash paid for interest 749,000 753,000 851,000
Cash paid for tax, net 117,584,000 117,979,000 81,360,000
Non-cash investing and financing activities:      
Excise taxes on repurchases of common stock in accrued expenses 1,731,000 0 0
Capitalized software additions in accounts payable and accrued expenses $ 0 $ 567,000 $ 6,073,000

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