| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net Income (Loss) Available to Common Stockholders, Basic | ||||||||||
257,573 | 208,542 | 205,876 | 119,317 | 9,283 | 74,304 | -227,518 | 104,237 | 131,173 | 64,957 | 107,032 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
43,471 | 41,295 | 41,121 | 51,108 | 41,304 | 48,967 | 51,766 | 52,277 | 48,191 | 56,380 | 44,021 |
Amortization of Intangible Assets | ||||||||||
24,200 | 15,600 | 9,400 | 1,885 | 8,361 | 17,771 | 23,571 | 27,198 | 28,464 | 14,515 | 8,166 |
Loss (gain) on investments | ||||||||||
816 | 669 | 569 | 469 | - | - | - | - | - | - | - |
Impairment of goodwill and other assets | ||||||||||
- | - | - | - | 122,734 | 0 | 216,688 | - | - | - | - |
Impairment of investment | ||||||||||
- | - | - | - | 2,298 | 624 | 3,600 | - | 43 | 643 | 2,727 |
Gain on equity method investment | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Equity in net income of equity method investees | ||||||||||
- | - | - | - | - | 0 | - | - | - | - | - |
Loss on disposal of property, plant and equipment | ||||||||||
- | - | - | - | 44 | -4,411 | -2,007 | 6,533 | 838 | - | - |
Share-based compensation expense | ||||||||||
50,265 | 44,138 | 35,890 | 27,351 | 25,825 | 25,546 | 25,198 | 31,529 | 34,846 | 25,807 | 24,503 |
Net gain on divestiture of discontinued operations | ||||||||||
- | - | - | 13,684 | 0 | 0 | - | - | - | - | - |
Gain on sale of securities | ||||||||||
- | - | - | - | - | - | 831 | 6,109 | - | - | - |
Excess tax benefits from share-based compensation | ||||||||||
- | - | - | - | 2,831 | 2,246 | 26 | 37 | 3,455 | 2,814 | 6,592 |
Gain on cash surrender value of life insurance policies | ||||||||||
- | - | - | - | - | - | - | - | 901 | 1,223 | 2,868 |
In-process research and development | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,000 |
Deferred income taxes | ||||||||||
-12,257 | 7,141 | -2,397 | 6,604 | 2,240 | -4,828 | -3,209 | -2,249 | -8,492 | -17,895 | -10,387 |
Change in fair value of contingent consideration for business acquisition | ||||||||||
0 | -4,908 | -8,092 | 0 | 0 | - | - | - | - | - | - |
Other | ||||||||||
-230 | -11 | 107 | 0 | - | - | - | - | - | - | - |
Changes in assets and liabilities, net of acquisitions: | ||||||||||
Accounts receivable, net | ||||||||||
58,798 | 26,363 | 46,553 | -25,513 | 8,018 | 219 | -45,273 | -29,279 | 58,563 | -28,489 | -152,496 |
Inventories | ||||||||||
21,551 | -16,047 | 15,428 | -31,966 | 60,510 | -49,471 | -23,109 | 33,277 | 60,482 | -30,942 | 9,078 |
Other assets | ||||||||||
8,800 | 16,908 | 5,309 | 1,975 | 4,284 | 1,388 | -5,381 | 2,570 | -5,581 | -15,038 | -14,615 |
Accounts payable | ||||||||||
-19,134 | 17,695 | 24,459 | -58,104 | 60,413 | -21,322 | -33,406 | 3,327 | 37,714 | 94,155 | -123,802 |
Accrued and other liabilities | ||||||||||
51,278 | 44,655 | 49,917 | -4,317 | -18,139 | 14,330 | -9,214 | 5,462 | 3,461 | 56,265 | -6,982 |
Net cash provided by operating activities | ||||||||||
305,181 | 346,261 | 288,389 | 185,195 | 178,632 | 205,421 | 122,389 | 202,534 | 156,742 | 365,259 | 200,587 |
Cash flows from investing activities: | ||||||||||
Purchases of property, plant and equipment | ||||||||||
35,930 | 39,748 | 31,804 | 56,615 | 45,253 | 46,658 | 54,487 | 54,199 | 43,039 | 39,834 | 48,263 |
Investment in privately held companies | ||||||||||
2,717 | 1,240 | 960 | 2,419 | 2,550 | 300 | 4,420 | 0 | - | - | - |
Payments for the divestiture of discontinued operations, net of cash sold | ||||||||||
- | - | - | -1,395 | 0 | 0 | - | - | - | - | - |
Changes in restricted cash | ||||||||||
- | - | - | 715 | 0 | 0 | - | - | - | - | - |
Acquisitions, net of cash acquired | ||||||||||
133,814 | 88,323 | 66,987 | 0 | 926 | 650 | 0 | 18,814 | 7,300 | 388,809 | 64,430 |
Purchases of trading investments | ||||||||||
0 | 6,789 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sales of available-for-sale securities | ||||||||||
- | - | - | - | - | - | 917 | 6,550 | - | - | - |
Proceeds from return of investment from strategic investments | ||||||||||
- | - | - | - | - | 261 | 0 | - | - | - | - |
Proceeds from the sale of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | 8,967 | 2,688 | - | - |
Proceeds from return of investments | ||||||||||
-124 | -237 | 0 | 0 | - | - | - | - | - | - | - |
Purchases of short-term investments | ||||||||||
1,505 | 6,789 | 0 | 0 | - | - | - | - | - | - | - |
Purchases of trading investments | ||||||||||
5,203 | 6,053 | 7,052 | 9,619 | 5,034 | 8,450 | 4,196 | 7,505 | 19,075 | - | - |
Proceeds from sales of trading investments | ||||||||||
5,700 | 6,423 | 7,124 | 10,073 | 5,474 | 8,994 | 4,463 | 7,399 | 6,470 | - | - |
Proceeds from cash surrender of life insurance policies | ||||||||||
- | - | - | - | - | - | - | - | 11,313 | 813 | - |
Proceeds from sales of business | ||||||||||
- | - | - | - | - | - | - | - | 9,087 | - | - |
Premiums paid on cash surrender value life insurance policies | ||||||||||
- | - | - | - | - | - | - | - | 5 | - | 427 |
Net cash used in investing activities | ||||||||||
-173,345 | -128,704 | -99,679 | -60,690 | -48,289 | -46,803 | -57,723 | -57,602 | -39,861 | -427,830 | -113,120 |
Cash flows from financing activities: | ||||||||||
Payments of Ordinary Dividends | ||||||||||
113,971 | 104,248 | 93,093 | 85,915 | 43,767 | 36,123 | 133,462 | - | - | - | - |
Purchases of registered shares | ||||||||||
32,449 | 30,722 | 83,786 | 70,358 | 1,663 | 0 | 87,812 | 156,036 | - | 126,301 | 78,870 |
Payment of contingent consideration for business acquisition | ||||||||||
0 | 5,000 | 0 | 0 | 100 | 0 | 0 | - | - | - | - |
Proceeds from exercises of stock options and purchase rights | ||||||||||
18,057 | 41,910 | 39,574 | 19,767 | 4,138 | 16,914 | 15,982 | 17,591 | 43,001 | 28,917 | 31,119 |
Repurchase of ESPP awards | ||||||||||
- | - | - | - | 1,078 | 0 | 0 | - | - | - | - |
Tax withholdings related to net share settlements of restricted stock units | ||||||||||
30,770 | 29,813 | 18,412 | 7,247 | 9,215 | 5,718 | 2,375 | 966 | 223 | - | - |
Excess tax benefits from share-based compensation | ||||||||||
- | - | - | - | 2,831 | 2,246 | 26 | 37 | 3,455 | 2,814 | 6,592 |
Repayments of debt | ||||||||||
- | - | - | - | - | - | - | - | - | -13,630 | - |
Net cash used in financing activities | ||||||||||
-159,133 | -127,873 | -155,717 | -143,753 | -48,854 | -22,681 | -207,641 | -139,374 | 46,233 | -108,200 | -41,159 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-10,134 | 4,730 | -5,370 | 1,405 | -13,863 | -349 | -1,571 | -5,119 | -5,127 | -2,044 | -35,901 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
-37,431 | 94,414 | 27,623 | -17,843 | 67,626 | 135,588 | -144,546 | 439 | 157,987 | -172,815 | 10,407 |
Non-cash investing activities: | ||||||||||
Property, plant and equipment purchased during the period and included in period end liability accounts | ||||||||||
3,983 | 3,869 | 5,072 | 4,958 | 5,242 | 5,204 | 4,828 | 5,454 | -522 | 1,312 | - |
Unpaid purchase price for business acquisition | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Fair value of retained cost method investment as a result of the divestiture of discontinued operations | ||||||||||
- | - | - | 5,591 | 0 | 0 | - | - | - | - | - |
Supplemental cash flow information: | ||||||||||
Interest paid | ||||||||||
- | - | - | - | - | 1,080 | 1,293 | 110 | 25 | 66 | 143 |
Income taxes paid, net | ||||||||||
15,312 | 15,051 | 11,323 | 11,499 | 10,838 | 9,189 | 14,108 | 14,422 | 16,619 | 9,436 | 15,268 |
The following amounts reflected in the consolidated statements of cash flows are included in discontinued operations: | ||||||||||
Depreciation | ||||||||||
- | - | - | 2,207 | 2,562 | 3,402 | - | - | - | - | - |
Amortization of intangible assets | ||||||||||
- | - | - | 1,438 | 7,598 | 15,369 | - | - | - | - | - |
Share-based compensation | ||||||||||
- | - | - | 332 | 1,634 | 2,318 | - | - | - | - | - |
Purchases of property, plant and equipment | ||||||||||
- | - | - | 1,431 | 3,598 | 4,233 | - | - | - | - | - |