| Mar'19 | Mar'18 | Apr'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
430,900 | 162,800 | -99,300 | 396,400 | 702,200 | 776,000 | 750,000 | 681,000 | 567,600 | 479,500 | 406,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization expense | ||||||||||
281,300 | 295,200 | 307,500 | 309,400 | 294,400 | 258,000 | 233,000 | 225,000 | 194,100 | 181,200 | 184,400 |
Deferred income tax expense (benefit) | ||||||||||
8,500 | 84,100 | -38,900 | -7,900 | 10,500 | 1,000 | 14,000 | -15,000 | 47,300 | -200 | -35,100 |
Loss on sale of property | ||||||||||
-11,600 | 0 | 0 | - | - | - | - | - | - | - | - |
Equity in loss of equity-method investees | ||||||||||
- | - | - | -10,900 | -11,500 | -9,000 | -10,000 | -9,000 | -7,700 | -5,600 | -5,000 |
Non-cash stock-based compensation expense | ||||||||||
88,600 | 74,500 | 63,600 | 97,000 | 80,500 | 93,000 | 88,000 | 78,000 | 70,400 | 59,700 | 49,700 |
Asset Impairment Charges | ||||||||||
25,800 | 50,000 | 253,800 | 48,800 | 6,900 | 1,000 | 19,000 | 2,000 | 2,500 | 6,600 | 55,400 |
Gain on acquisition of Chaps | ||||||||||
- | - | - | - | - | 16,000 | 0 | 0 | - | - | - |
Non-cash restructuring-related inventory charges | ||||||||||
7,200 | 7,600 | 197,900 | 20,400 | 0 | - | - | - | - | - | - |
Non-cash provision for (reversals of) bad debt expense | ||||||||||
- | - | - | - | - | - | - | - | - | - | 13,900 |
Non-cash foreign currency (gains) losses | ||||||||||
- | - | - | - | - | - | - | - | - | - | -2,300 |
Non-cash restructuring (reversals) charges, net | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,600 |
Non-cash litigation-related charges (reversals of excess reserves), net | ||||||||||
- | - | - | - | - | - | - | - | - | - | -5,600 |
Gain on extinguishment of debt | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Excess tax benefits from stock-based compensation arrangements | ||||||||||
- | - | - | - | 7,700 | 34,000 | 41,000 | 40,000 | 42,600 | 25,200 | 12,100 |
Other non-cash charges | ||||||||||
-6,900 | -11,900 | -34,400 | -19,700 | 24,600 | -6,000 | -3,000 | -3,000 | 5,800 | -3,300 | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
-10,100 | -34,500 | -54,100 | -129,400 | 95,600 | 104,000 | -82,000 | 114,000 | 50,700 | -92,200 | -1,100 |
Inventories | ||||||||||
90,800 | -57,800 | -120,400 | 90,900 | 97,500 | 77,000 | 68,000 | 148,000 | 173,500 | -29,100 | 10,500 |
Prepaid expenses and other current assets | ||||||||||
40,500 | 15,100 | 27,800 | -30,200 | 96,500 | 56,000 | -4,000 | 39,000 | - | - | - |
Accounts payable and accrued liabilities | ||||||||||
-4,700 | 64,600 | 112,900 | 90,100 | 50,300 | 43,000 | -57,000 | 33,000 | 109,200 | 27,500 | 10,600 |
Income tax receivables and payables | ||||||||||
29,700 | 165,100 | -34,000 | -14,600 | -22,200 | 59,000 | -13,000 | 122,000 | -68,700 | 39,000 | 56,700 |
Deferred income | ||||||||||
-16,500 | 1,400 | -20,700 | -7,900 | -21,100 | -18,000 | -30,000 | -19,000 | -27,200 | -19,300 | -25,700 |
Other balance sheet changes | ||||||||||
-35,700 | 19,300 | -28,700 | 14,300 | -102,200 | 34,000 | -25,000 | -107,000 | -58,400 | -27,500 | -65,300 |
Net cash provided by operating activities | ||||||||||
783,800 | 975,100 | 952,600 | 1,016,700 | 893,300 | 907,000 | 1,019,000 | 885,000 | 688,700 | 906,500 | 774,200 |
Cash flows from investing activities: | ||||||||||
Capital expenditures | ||||||||||
197,700 | 161,600 | 284,000 | 417,700 | 391,200 | 390,000 | 276,000 | 272,000 | 255,000 | 201,300 | 185,000 |
Purchases of investments | ||||||||||
3,030,800 | 1,605,600 | 860,400 | 1,085,000 | 1,397,700 | 1,067,000 | 876,000 | 1,360,000 | 1,244,300 | 1,350,900 | 623,100 |
Proceeds from sales and maturities of investments | ||||||||||
2,357,500 | 1,582,700 | 942,400 | 942,700 | 1,112,800 | 1,011,000 | 1,058,000 | 1,394,000 | 1,242,300 | 1,072,400 | 369,500 |
Acquisitions and ventures | ||||||||||
4,500 | 4,600 | 6,100 | 16,300 | 11,700 | 40,000 | 22,000 | 12,000 | 70,900 | 30,800 | 46,300 |
Proceeds from sale of property | ||||||||||
20,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Settlement of net investment hedges | ||||||||||
23,800 | 0 | 0 | - | - | - | - | - | - | - | - |
Change in restricted cash deposits | ||||||||||
- | - | - | - | 900 | 2,000 | -3,000 | -1,000 | -28,500 | -6,200 | -26,900 |
Net cash provided by (used in) investing activities | ||||||||||
-879,300 | -189,100 | -208,100 | -576,300 | -688,700 | -488,000 | -113,000 | -249,000 | -299,400 | -504,400 | -458,000 |
Cash flows from financing activities: | ||||||||||
Proceeds from the issuance of short-term debt | ||||||||||
0 | 10,100 | 3,735,200 | 4,343,900 | 2,807,700 | 0 | 0 | - | 0 | 0 | - |
Repayments of short-term debt | ||||||||||
9,900 | 0 | 3,851,300 | 4,462,600 | 2,573,800 | 0 | 0 | - | 0 | - | - |
Proceeds from the issuance of long-term debt | ||||||||||
398,100 | 0 | 0 | 299,400 | 0 | 300,000 | 0 | 108,000 | - | - | - |
Repayments of current maturities of long-term debt | ||||||||||
- | - | - | - | - | 269,000 | 0 | 108,000 | - | 121,000 | -196,800 |
Repayments of long-term debt | ||||||||||
300,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayments of borrowings on credit facilities | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | - |
Debt issuance costs | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Payments of capital lease obligations | ||||||||||
19,600 | 28,200 | 27,300 | 24,300 | 23,900 | 9,000 | 9,000 | 8,000 | 7,900 | 6,700 | 6,700 |
Payments of dividends | ||||||||||
190,700 | 162,400 | 164,800 | 170,300 | 158,200 | 149,000 | 128,000 | 74,000 | 38,500 | 24,700 | 19,900 |
Repurchases of common stock, including shares surrendered for tax withholdings | ||||||||||
502,600 | 17,100 | 215,200 | 500,400 | 531,600 | 558,000 | 497,000 | 419,000 | 594,600 | 231,000 | 169,800 |
Prepayments of common stock repurchases | ||||||||||
- | - | - | - | - | - | 50,000 | 0 | 0 | - | - |
Proceeds from exercises of stock options | ||||||||||
21,800 | 100 | 5,000 | 33,200 | 52,500 | 52,000 | 49,000 | 61,000 | 88,300 | 50,500 | 29,000 |
Excess tax benefits from stock-based compensation arrangements | ||||||||||
- | - | - | - | 7,700 | 34,000 | 41,000 | 40,000 | 42,600 | 25,200 | 12,100 |
Payment on interest rate swap termination | ||||||||||
- | - | - | - | - | - | - | 8,000 | 0 | 0 | - |
Other financing activities | ||||||||||
-2,800 | 0 | 0 | -1,900 | -1,000 | 0 | -1,000 | 0 | -2,500 | 1,300 | 0 |
Net cash used in financing activities | ||||||||||
-605,700 | -197,500 | -518,400 | -483,000 | -420,600 | -599,000 | -595,000 | -408,000 | -512,600 | -306,400 | -352,100 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||||||
-27,800 | 55,200 | -16,400 | 7,200 | -81,700 | 3,000 | -9,000 | -9,000 | 13,200 | -13,800 | -34,400 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||||||
-729,000 | 643,700 | 209,700 | -35,400 | -297,700 | -177,000 | 302,000 | 219,000 | -110,100 | 81,900 | -70,300 |