| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||
Net income | |||||||||
271,813 | 4,910 | 125,785 | 101,535 | 225,871 | 127,037 | -64,312 | 152,805 | 244,003 | 142,858 |
Adjustment to reconcile net income to net cash from operating activities: | |||||||||
Depreciation and amortization | |||||||||
90,031 | 59,788 | 42,687 | 38,951 | 42,214 | 50,209 | 46,871 | 46,890 | 47,619 | 58,173 |
Stock-based compensation expense | |||||||||
4,251 | 3,407 | 2,327 | 1,229 | 1,456 | 1,363 | 1,358 | 1,816 | 2,475 | 2,040 |
Deferred income taxes | |||||||||
-1,373 | 43,993 | -2,175 | 26,722 | -58,387 | 70,726 | -76,408 | -56,456 | 8,492 | -8,419 |
Loss on available-for-sale securities | |||||||||
- | - | - | - | - | - | - | 572 | 55 | -362 |
Loss (gain) on disposal of property and equipment | |||||||||
-414 | -267 | 1,894 | -87 | 42 | 174 | 219 | 648 | 594 | -2,546 |
Loss from equity-method investments | |||||||||
-327 | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities, excluding acquisitions: | |||||||||
Accounts receivable | |||||||||
-22,225 | 26,075 | 18,116 | -20,578 | -18,773 | 7,639 | -14,625 | -25,730 | 37,792 | 47,462 |
Inventories | |||||||||
128,556 | -20,850 | -6,798 | -55,482 | 3,005 | -9,778 | -17,586 | 74,007 | 135,223 | -14,788 |
Accounts payable and accrued expenses | |||||||||
5,469 | -32,981 | 33,447 | -77,494 | 115,401 | -169,535 | 45,224 | 55,232 | 41,640 | 25,868 |
Income taxes payable | |||||||||
-14,234 | 72,112 | -39,272 | -591 | 3,336 | 1,165 | -12,433 | 2,759 | 3,220 | 16,390 |
Other assets | |||||||||
29,241 | -50,037 | -13,219 | -8,429 | 23,939 | 42,535 | -887 | 7,757 | 10,108 | 10,156 |
Other liabilities | |||||||||
11,840 | -811 | 32,205 | -8,487 | -124,173 | -111,380 | 221,178 | 190 | -12,880 | 8,558 |
Net cash provided by operating activities | |||||||||
232,966 | 195,497 | 195,011 | 166,441 | 197,589 | -70,637 | 194,795 | 148,422 | 152,095 | 200,454 |
Investing Activities: | |||||||||
Purchases of property and equipment | |||||||||
129,655 | 100,537 | 66,288 | 48,103 | 26,599 | 26,805 | 43,705 | 49,201 | 27,470 | 28,888 |
Purchase of business, net of cash and debt acquired | |||||||||
12,317 | 290,280 | - | 0 | - | 1,600 | 79,608 | - | - | - |
Sales of available-for-sale securities | |||||||||
- | - | - | - | - | - | - | 5,686 | 8,374 | - |
Purchases of investment securities | |||||||||
1,504,698 | 1,724,921 | 1,449,298 | 771,178 | 1,064,254 | 663,816 | 675,394 | 1,162,317 | 923,482 | 943,231 |
Redemptions of investment securities | |||||||||
1,347,942 | 1,978,157 | 1,500,586 | 803,470 | 886,656 | 801,542 | 755,610 | 1,125,616 | 785,337 | - |
Sales and redemptions of investment securities | |||||||||
- | - | - | - | - | - | - | - | - | 659,523 |
Sales and redemptions of available-for-sale securities | |||||||||
- | - | - | - | - | - | - | - | - | 29,006 |
Proceeds from property, plant & equipment dispositions | |||||||||
8 | 36 | 11,266 | 1,084 | 88 | 795 | 1,851 | - | 7 | 6,050 |
Contingent consideration for a prior acquisition | |||||||||
- | - | - | - | - | - | - | - | - | 63 |
Other investing activities | |||||||||
957 | 969 | - | 0 | - | - | 170 | 127 | 120 | 870 |
Net cash used in investing activities | |||||||||
-299,677 | -138,514 | -3,734 | -14,727 | -204,109 | 110,116 | -41,416 | -80,343 | -157,354 | -278,473 |
Financing Activities: | |||||||||
Dividends paid | |||||||||
77,696 | 75,728 | 72,012 | 70,499 | 67,251 | 60,251 | 50,758 | 44,172 | 32,314 | 27,242 |
Net change of equity awards | |||||||||
- | - | 782 | 58 | 474 | 226 | 8 | 95 | 516 | 8 |
Purchase of treasury stock | |||||||||
811 | - | 4,833 | 10,185 | 7,157 | 10,320 | 10,580 | 8,394 | 6,193 | 3,736 |
Proceeds from exercise of stock options | |||||||||
3,934 | 5,955 | 10,118 | 708 | 5,676 | 4,243 | 155 | 997 | 6,006 | 133 |
Principle payments of debt | |||||||||
1,893 | 21,106 | - | 0 | - | - | - | - | - | - |
Payments of tax withholdings for vested restricted stock units | |||||||||
799 | 523 | - | 0 | - | - | - | - | - | - |
Other financing activities | |||||||||
- | - | - | - | - | - | - | - | - | 1,732 |
Net cash used in financing activities | |||||||||
-77,265 | -91,402 | -65,945 | -79,918 | -68,258 | -66,102 | -61,175 | -51,474 | -31,985 | -29,105 |
Effect of exchange rate on cash | |||||||||
-2,814 | 3,200 | -906 | 807 | -4,291 | 573 | -764 | -671 | 620 | 389 |
Decrease in cash and cash equivalents | |||||||||
-146,790 | -31,219 | 124,426 | 72,603 | -79,069 | -26,050 | 91,440 | 15,934 | -36,624 | -106,735 |