Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 2,114 $ 13,294
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 2,798 2,475
Amortization 10,571 11,512
Share-based compensation 28,695 19,252
Other 2,748 (796)
Net change in operating assets and liabilities:    
Accounts receivable 151,404 110,079
Deferred commissions 2,079 (2,631)
Prepaid expenses and other assets 33,096 (1,453)
Accounts payable and accrued expenses (29,815) (27,376)
Operating leases, net (142) 131
Deferred revenue (60,450) (41,015)
Net cash provided by operating activities 143,098 83,472
Cash flows from investing activities:    
Purchase of property and equipment (6,906) (2,954)
Acquisition of businesses, net of cash acquired 0 (3,543)
Net cash used in investing activities (6,906) (6,497)
Cash flows from financing activities:    
Repayment of term loans (30,000) (30,000)
Proceeds from employee stock purchase plan 8,627 6,593
Proceeds from exercise of stock options 1,275 7,886
Equity repurchases (11) (14)
Net cash used in financing activities (20,109) (15,535)
Effect of exchange rates on cash and cash equivalents (7,705) 816
Net increase in cash and cash equivalents 108,378 62,256
Cash and cash equivalents, beginning of period 462,967 324,962
Cash and cash equivalents, end of period 571,345 387,218
Supplemental cash flow data:    
Cash paid for interest 2,066 2,370
Cash (received from) paid for tax, net $ (31,542) $ 7,306