| Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income (loss) | ||||||||||
-2,754 | -73,324 | 79,812 | 33,291 | -28,369 | 61,192 | 49,106 | 40,609 | 32,428 | 37,265 | 27,917 |
Adjustments to reconcile net income (loss) to cash provided by operating activities, net of the effects of acquisitions: | ||||||||||
Depreciation and amortization | ||||||||||
116,104 | 137,878 | 153,503 | 160,863 | 140,071 | 19,709 | 18,260 | 17,464 | 16,642 | 13,877 | 14,357 |
Operating lease right-of-use assets | ||||||||||
10,504 | - | - | - | - | - | - | - | - | - | - |
Loss on divestiture of business | ||||||||||
0 | -7,660 | 0 | 0 | - | - | - | - | - | - | - |
Loss on extinguishment of debt | ||||||||||
- | - | - | - | - | - | - | - | -553 | 0 | 0 |
Loss on disposal of fixed assets | ||||||||||
-16 | -260 | -481 | -271 | -134 | -300 | -39 | -104 | -168 | -127 | -258 |
Deal related compensation expense and accretion charges | ||||||||||
0 | 102 | 153 | 153 | 6,728 | 153 | 151 | 263 | 106 | 0 | 0 |
Share-based compensation expense associated with equity awards | ||||||||||
50,861 | 56,328 | 47,317 | 39,189 | 28,351 | 16,580 | 12,930 | 9,591 | 8,651 | 6,439 | 5,456 |
Net change in fair value of contingent and contractual liabilities | ||||||||||
798 | 1,614 | 0 | 0 | - | -10 | -303 | 466 | 0 | 0 | - |
Accretion of contingent consideration | ||||||||||
36 | 119 | 0 | 0 | - | - | - | - | - | - | - |
Impairment charge | ||||||||||
0 | 35,900 | 0 | 0 | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
-9,821 | -33,442 | -127,784 | -11,008 | -42,121 | 2,736 | 5,214 | 3,909 | 5,437 | 3,459 | -5,189 |
Other (gains) losses | ||||||||||
152 | 152 | -18 | 111 | 279 | -168 | 86 | 3 | 53 | 0 | 0 |
Changes in assets and liabilities | ||||||||||
Accounts receivable and unbilled costs | ||||||||||
-21,472 | 22,180 | -84,952 | 48,080 | 23,259 | 21,801 | -13,451 | -82 | 3,997 | -2,755 | 25,729 |
Due from related party | ||||||||||
0 | -172 | -443 | -25,055 | 18,483 | 0 | 0 | - | - | - | - |
Inventories | ||||||||||
-1,501 | -5,321 | -1,006 | -12,456 | -5,523 | 499 | 6,798 | -1,433 | 892 | 1,092 | 3,432 |
Prepaid expenses and other assets | ||||||||||
-13,839 | -3,034 | -20,147 | 24,751 | 29,481 | 2,169 | 2,841 | -5,391 | 875 | -404 | -5,254 |
Accounts payable | ||||||||||
-4,288 | -3,876 | -8,929 | 405 | 2,334 | 1,355 | 1,498 | -2,345 | -2,195 | 2,583 | -238 |
Accrued compensation and other expenses | ||||||||||
32,812 | 19,964 | -17,718 | 6,785 | 33,250 | 13,233 | 6,734 | 10,739 | 1,637 | 3,438 | -3,966 |
Operating lease liabilities | ||||||||||
13,077 | - | - | - | - | - | - | - | - | - | - |
Due to related party | ||||||||||
0 | 234 | -75 | -2,792 | -6,743 | 0 | 0 | - | - | - | - |
Contingent liabilities | ||||||||||
- | - | - | - | - | - | - | - | 389 | 0 | - |
Income taxes payable | ||||||||||
-919 | -639 | -2,734 | 1,963 | 3,910 | -684 | 677 | 114 | 0 | 0 | -1,702 |
Deferred revenue | ||||||||||
8,163 | 15,132 | -8,138 | 33,075 | 25,645 | 16,670 | 12,914 | 7,595 | 10,308 | -2,066 | 22,290 |
Net cash provided by operating activities | ||||||||||
225,023 | 149,838 | 222,454 | 226,764 | 97,211 | 106,933 | 110,946 | 95,412 | 68,307 | 67,189 | 45,654 |
Cash flows from investing activities: | ||||||||||
Purchase of marketable securities | ||||||||||
117,383 | 229,769 | 114,178 | 199,841 | 100,278 | 133,212 | 128,122 | 121,133 | 117,682 | 153,903 | 92,919 |
Proceeds from maturity of marketable securities | ||||||||||
144,322 | 230,433 | 196,041 | 181,321 | 118,881 | 89,954 | 65,570 | 163,416 | 184,899 | 101,430 | 39,064 |
Purchase of fixed assets | ||||||||||
19,922 | 23,392 | 15,913 | 29,696 | 24,783 | 12,808 | 13,066 | 11,671 | 11,088 | 7,491 | 5,242 |
Decrease in deposits | ||||||||||
31 | 97 | 330 | -129 | 150 | -55 | -123 | 804 | 0 | 0 | - |
Purchase of intangible assets | ||||||||||
0 | 0 | 544 | 1,031 | 3,962 | 174 | 1,086 | 277 | 200 | - | - |
Payments related to the divestiture of business | ||||||||||
0 | 3,293 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of businesses, net of cash acquired | ||||||||||
11,347 | 0 | 8,334 | 4,606 | -27,700 | 0 | 0 | 51,273 | 46,721 | 0 | 0 |
Contingent purchase consideration | ||||||||||
0 | 0 | 523 | 660 | - | 0 | - | - | - | - | - |
Collection of contingent consideration | ||||||||||
-52 | 0 | 0 | -12,864 | -9,306 | 0 | 0 | - | - | - | - |
Change in restricted cash | ||||||||||
- | - | - | - | - | 0 | - | - | - | - | - |
Capitalized software development costs | ||||||||||
0 | 134 | 137 | 1,421 | 1,625 | 0 | 0 | - | - | - | 408 |
Net cash (used in) provided by investing activities | ||||||||||
-4,309 | -26,252 | 57,128 | -41,621 | 25,089 | -56,185 | -76,581 | -21,742 | 9,208 | -59,964 | -59,505 |
Cash flows from financing activities: | ||||||||||
Issuance of common stock under stock plans | ||||||||||
2 | 3 | 1 | 2 | 1 | 140 | 812 | 575 | 473 | -367 | 3,039 |
Payment of contingent consideration | ||||||||||
0 | 2,851 | 660 | 0 | 0 | - | 841 | 4,038 | 846 | 0 | 0 |
Treasury stock repurchases, including accelerated share repurchases | ||||||||||
175,000 | 14,468 | 501,324 | 79,996 | 302,784 | 51,714 | 34,322 | 27,448 | 20,595 | 0 | 0 |
Tax withholding on restricted stock units | ||||||||||
11,872 | 11,969 | 13,598 | 9,559 | -9,066 | 2,814 | 2,388 | 1,907 | 965 | 8,238 | 5,056 |
Proceeds from issuance of long-term debt, net of issuance costs | ||||||||||
0 | 0 | 294,619 | 0 | 294,623 | 0 | 0 | - | 60,691 | 0 | 0 |
Repayment of long-term debt | ||||||||||
100,000 | 50,000 | 0 | 0 | - | - | - | 62,000 | 68,106 | 11,250 | 13,144 |
Net cash used in financing activities | ||||||||||
-286,870 | -79,285 | -220,962 | -89,553 | -17,226 | -48,760 | -31,963 | -91,004 | -27,418 | -3,379 | -5,049 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-3,427 | -5,212 | 6,385 | -761 | 744 | 829 | -256 | 9 | -10 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | ||||||||||
-69,583 | 39,089 | 65,005 | 94,829 | 105,818 | 2,817 | 2,146 | -17,325 | 50,087 | 3,846 | -18,900 |
Supplemental disclosures of cash flow information: | ||||||||||
Cash paid for interest | ||||||||||
17,644 | 23,281 | 9,604 | 6,442 | 3,807 | 0 | 0 | 325 | 1,253 | 2,079 | 3,063 |
Cash paid for income taxes | ||||||||||
13,061 | 13,381 | 18,216 | 49,290 | 50,658 | 29,233 | 21,456 | 13,326 | 13,163 | 7,846 | 2,897 |
Non-cash transactions: | ||||||||||
Transfers of inventory to fixed assets | ||||||||||
2,290 | 2,152 | 5,556 | 4,928 | 1,229 | 940 | 1,781 | 583 | 1,910 | 1,348 | 1,570 |
Additions to property, plant and equipment included in accounts payable | ||||||||||
255 | 455 | 1,379 | 1,241 | -1,065 | -187 | 124 | 154 | 569 | 979 | 1,160 |
Fair value of contingent consideration related to acquisitions, included in contingent liabilities | ||||||||||
- | - | - | - | - | - | - | - | 8,000 | 0 | - |
Debt issuance costs settled through the issuance of additional debt | ||||||||||
- | - | - | - | 5,377 | 0 | 0 | - | - | - | - |
Gross decrease in contractual liability relating to fair value adjustment | ||||||||||
- | - | - | - | - | - | - | -184 | -900 | 0 | - |
Gross increase in contingent consideration liability relating to fair value adjustment | ||||||||||
- | - | - | - | - | - | - | 650 | 900 | 0 | 0 |
Issuance of common stock under employee stock purchase plans | ||||||||||
14,227 | 15,074 | 17,849 | 15,697 | 10,560 | 5,889 | 4,995 | 4,545 | 0 | 0 | - |
Contingent consideration related to acquisition, included in accrued other | ||||||||||
1,800 | 0 | 523 | 660 | 0 | 0 | - | - | - | - | - |
Tenant improvement allowance | ||||||||||
0 | 10,171 | 2,104 | 0 | - | - | - | - | - | - | - |
Initial fair value of contingent consideration received as partial consideration for divestiture of business | ||||||||||
0 | 2,257 | 0 | 0 | - | - | - | - | - | - | - |