v3.24.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 116,688 $ 27,666
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 11,781 9,012
Amortization 29,067 31,566
Share-based compensation 153,298 104,853
Deferred income taxes (49,579) 2,057
Loss on extinguishment of debt 0 5,925
Other 7,016 3,114
Net change in operating assets and liabilities:    
Accounts receivable 83,444 40,314
Deferred commissions 874 (17,198)
Prepaid expenses and other assets (27,437) 29,616
Accounts payable and accrued expenses (24,022) 19,365
Operating leases, net 1,253 (36)
Deferred revenue (55,946) (21,796)
Net cash provided by operating activities 246,437 234,458
Cash flows from investing activities:    
Purchase of property and equipment (16,662) (15,625)
Capitalized software additions (4,655) 0
Acquisition of a business, net of cash acquired (32,297) 0
Net cash used in investing activities (53,614) (15,625)
Cash flows from financing activities:    
Repayment of term loans 0 (281,125)
Debt issuance costs 0 (1,949)
Proceeds from employee stock purchase plan 19,472 17,806
Proceeds from exercise of stock options 24,205 15,102
Equity repurchases 0 (15)
Net cash provided by (used in) financing activities 43,677 (250,181)
Effect of exchange rates on cash and cash equivalents (9,199) (9,168)
Net increase (decrease) in cash and cash equivalents 227,301 (40,516)
Cash and cash equivalents, beginning of period 555,348 462,967
Cash and cash equivalents, end of period 782,649 422,451
Supplemental cash flow data:    
Cash paid for interest 656 6,867
Cash paid for (received from) tax, net 61,758 (20,335)
Non-cash investing and financing activities:    
Capitalized software additions in accounts payable and accrued expenses $ 6,686 $ 0

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