v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 38,188 $ 2,114
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 3,916 2,798
Amortization 9,681 10,571
Share-based compensation 40,518 28,695
Deferred income taxes (19,327) 0
Other (154) 2,748
Net change in operating assets and liabilities:    
Accounts receivable 204,228 151,404
Deferred commissions 8,545 2,079
Prepaid expenses and other assets (16,426) 33,096
Accounts payable and accrued expenses (39,641) (29,815)
Operating leases, net 277 (142)
Deferred revenue (95,902) (60,450)
Net cash provided by operating activities 133,903 143,098
Cash flows from investing activities:    
Purchase of property and equipment (10,267) (6,906)
Net cash used in investing activities (10,267) (6,906)
Cash flows from financing activities:    
Repayment of term loans 0 (30,000)
Proceeds from employee stock purchase plan 9,584 8,627
Proceeds from exercise of stock options 13,190 1,275
Equity repurchases 0 (11)
Net cash provided by (used in) financing activities 22,774 (20,109)
Effect of exchange rates on cash and cash equivalents (1,055) (7,705)
Net increase in cash and cash equivalents 145,355 108,378
Cash and cash equivalents, beginning of period 555,348 462,967
Cash and cash equivalents, end of period 700,703 571,345
Supplemental cash flow data:    
Cash paid for interest 212 2,066
Cash paid for (received from) tax, net $ 13,151 $ (31,542)

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