Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 36,935 $ 30,344
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 5,049 3,797
Amortization 23,057 26,032
Share-based compensation 44,827 27,503
Deferred income taxes 3 (3,160)
Other 1,007 802
Net change in operating assets and liabilities:    
Accounts receivable 92,314 49,353
Deferred commissions (6,347) 1,250
Prepaid expenses and other assets (16,456) (4,944)
Accounts payable and accrued expenses (9,118) (7,862)
Operating leases, net 401 523
Deferred revenue (69,904) (62,789)
Net cash provided by operating activities 101,768 60,849
Cash flows from investing activities:    
Purchase of property and equipment (7,612) (6,400)
Capitalized software additions 0 (184)
Acquisition of businesses, net of cash acquired (13,004) 0
Net cash used in investing activities (20,616) (6,584)
Cash flows from financing activities:    
Repayment of term loans (60,000) (30,000)
Proceeds from employee stock purchase plan 6,593 3,592
Proceeds from exercise of stock options 18,339 4,829
Equity repurchases (30) (25)
Net cash used in financing activities (35,098) (21,604)
Effect of exchange rates on cash and cash equivalents (697) 2,606
Net increase in cash and cash equivalents 45,357 35,267
Cash and cash equivalents, beginning of period 324,962 213,170
Cash and cash equivalents, end of period 370,319 248,437
Supplemental cash flow data:    
Cash paid for interest 4,560 6,923
Cash paid for tax, net $ 8,431 $ 22,545