v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 105,198 $ 82,628
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 9,408 8,635
Amortization 2,756 19,356
Share-based compensation 148,709 129,360
Deferred income taxes 8,894 (39,059)
Other (8,040) 3,133
Net change in operating assets and liabilities:    
Accounts receivable 320,545 300,077
Deferred commissions (23,254) (7,166)
Prepaid expenses and other assets 4,145 (14,073)
Accounts payable and accrued expenses (33,755) (30,479)
Operating leases, net 746 1,465
Deferred revenue (233,643) (199,486)
Net cash provided by operating activities 301,709 254,391
Cash flows from investing activities:    
Purchase of property and equipment (11,669) (6,871)
Capitalized software additions (194) 0
Acquisition of a business, net of cash acquired 0 (100)
Purchases of investments (63,764) (80,024)
Proceeds from sales and maturities of investments 69,122 40,375
Net cash used in investing activities (6,505) (46,620)
Cash flows from financing activities:    
Proceeds from employee stock purchase plan 11,871 10,389
Proceeds from exercise of stock options 3,738 8,773
Repurchases of common stock (95,034) (90,107)
Taxes paid related to net share settlement of equity awards (16,338) (11,966)
Other (3,314) (1,656)
Net cash used in financing activities (99,077) (84,567)
Effect of exchange rates on cash and cash equivalents 11,857 4,990
Net increase in cash and cash equivalents 207,984 128,194
Cash and cash equivalents, beginning of period 1,017,039 778,983
Cash and cash equivalents, end of period 1,225,023 907,177
Supplemental cash flow data:    
Cash paid for interest 363 365
Cash paid for tax, net $ 59,971 $ 55,452

Source

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