| Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
210,079 | 456,666 | 541,271 | 484,834 | 360,859 | 266,870 | 183,278 | 64,551 | 116,751 |
Adjustments required to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
16,496 | 14,829 | 14,848 | 15,798 | 16,567 | 17,765 | 18,730 | 18,827 | 18,445 |
Change in deferred charges and other assets | ||||||||
- | - | - | - | 10 | 26 | 30 | 42 | 69 |
Impairment of long-lived assets | ||||||||
0 | 276 | 2,042 | 90 | 47 | 969 | 784 | 2,730 | 3,534 |
Share-based compensation expense | ||||||||
- | - | - | - | - | 8 | 59 | 285 | 307 |
Accrued severance pay and other long-term liabilities, net | ||||||||
-227 | 273 | -53 | 54 | -230 | 55 | -786 | -122 | - |
Realized loss (gain) on sale of marketable securities and long-lived assets | ||||||||
-275 | 8,389 | -74 | - | - | - | - | - | - |
Change in derivative instruments, net | ||||||||
893 | -1,434 | 6,137 | -5,483 | -4,181 | -1,550 | -5,239 | 2,140 | 4,019 |
Effect of exchange differences on intercompany balances | ||||||||
-9,467 | 6,017 | 2,268 | 18,167 | 11,670 | 1,510 | 3,249 | -307 | 8,713 |
Foreign exchange effect of marketable securities and bank deposits | ||||||||
-25,503 | 15,157 | 5,510 | - | - | - | - | - | - |
Decrease in long-term debt due to currency fluctuations | ||||||||
- | - | - | -1,030 | 1,137 | 440 | -1,835 | 3,362 | 2,401 |
Deferred income taxes, net | ||||||||
-56,007 | -73,706 | 11,976 | 70,387 | 23,708 | -18,822 | -21,374 | 6,720 | -78,191 |
(Increase) decrease in trade receivables, net | ||||||||
2,297 | -34,413 | 16,386 | 85,277 | 19,755 | 8,912 | 47,565 | 11,519 | -1,081 |
Decrease (increase) in other receivables, prepaid expenses and other | ||||||||
-2,020 | 4,829 | 3,518 | 3,506 | 1,557 | 1,339 | 622 | -3,251 | -3,229 |
Increase in inventories, net | ||||||||
1,978 | 3,770 | 19,013 | 7,027 | 10,697 | 630 | 24,464 | 14,464 | -762 |
Decrease (increase) in other long-term assets | ||||||||
- | - | - | -242 | -64 | - | - | - | - |
Decrease in long-term receivables, prepaid expenses and other | ||||||||
- | - | - | - | - | -301 | -196 | -2,544 | 842 |
Decrease (increase) in income tax receivables | ||||||||
-10,624 | 70,390 | 39,340 | -17,623 | 17,930 | - | -291 | 18 | 1 |
Increase (decrease) in trade payables | ||||||||
9,049 | -2,290 | -679 | -542 | 1,804 | -3,483 | 1,664 | -6,367 | 690 |
Decrease in other accounts payable and accrued expenses | ||||||||
-11,785 | -28,377 | -6,194 | 18,731 | 50,686 | 43,500 | 26,603 | 5,605 | -5,824 |
Increase (decrease) in income tax payables | ||||||||
2,027 | -4,843 | -52,033 | 50,078 | 7,815 | -48,094 | 43,857 | -3,143 | -2,681 |
(Gain) loss on sale of long-lived assets | ||||||||
- | - | - | -22 | - | - | - | - | - |
Loss on sale of long-lived assets | ||||||||
- | - | - | - | -44 | -13 | -526 | -65 | -34 |
Accrued severance pay and other long-term liabilities, net | ||||||||
- | - | - | - | - | - | - | - | 539 |
Income from marketable securities, net | ||||||||
678 | - | - | 231 | 23 | 57 | -45 | 32 | - |
Net cash provided by operating activities | ||||||||
323,689 | 437,535 | 395,128 | 406,788 | 357,644 | 248,650 | 181,407 | 70,484 | 63,919 |
Cash flows from investing activities: | ||||||||
Purchase of property, plant and equipment | ||||||||
26,886 | 35,755 | 18,972 | 19,997 | 21,249 | 9,466 | 6,293 | 5,656 | 5,025 |
Investment in other intangible assets | ||||||||
2,650 | 68 | 134 | 158 | 4,555 | 777 | - | 5,097 | - |
Proceeds from other assets | ||||||||
- | -10 | -35,000 | 31,050 | - | - | - | - | - |
Proceeds from (investment in) short-term bank deposits, net | ||||||||
-161,032 | -196,170 | 220,102 | 43,344 | 120,648 | 241,671 | 60,033 | 10,026 | 10,974 |
Proceeds from restricted bank deposits | ||||||||
- | - | 199 | 28 | 7,203 | 8,224 | -15,562 | 900 | - |
Proceeds from (investment in) long-term deposits and other assets | ||||||||
-396,281 | 286,617 | 80,587 | -2,112 | 33,956 | 5,000 | -74 | 310 | - |
Investment in marketable securities | ||||||||
1,140,853 | 376 | 170 | - | - | - | - | - | - |
(Investment in) proceeds from marketable securities, net | ||||||||
- | - | - | 111 | -100 | 4,758 | 1,053 | -3,891 | - |
Investment in other intangible assets | ||||||||
- | - | - | - | - | - | - | - | 120 |
Proceeds from restricted bank deposits | ||||||||
- | - | - | - | - | - | - | - | -1,000 |
Proceeds from long-term deposits and other assets | ||||||||
- | - | - | - | - | - | - | - | -14 |
Proceeds from marketable securities | ||||||||
370,363 | 350 | 35 | - | - | - | - | - | - |
Proceeds from sale of long-lived assets | ||||||||
1,075 | 8,508 | - | 217 | 8 | 1 | 431 | 69 | 1,655 |
Net cash used in investing activities | ||||||||
-241,638 | -117,778 | -284,731 | -92,081 | -173,297 | -243,931 | -80,330 | -24,011 | -13,450 |
Cash flows from financing activities: | ||||||||
Excess tax benefits from share-based payment arrangements | ||||||||
- | - | - | - | 149 | 838 | - | - | - |
Proceeds from issuance of shares, net | ||||||||
- | - | - | 26 | 1,262 | 6,584 | 8,850 | 21,775 | 163 |
Repurchase of treasury stock | ||||||||
106,986 | 294,897 | 9,450 | - | 192,999 | - | - | - | - |
Repayment of short-term bank debt, net | ||||||||
- | - | - | - | - | - | - | -73,331 | 1,660 |
Proceeds from long-term debt and capital leases | ||||||||
- | - | - | - | - | - | - | 22 | - |
Proceeds from long-term debt | ||||||||
- | - | 5,888 | 10,944 | 11,874 | 10,748 | 12,898 | 34,579 | 30,403 |
Net cash used in financing activities | ||||||||
-106,986 | -294,897 | -15,338 | -10,918 | -203,462 | -3,326 | -4,048 | -86,113 | -28,580 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
1,147 | -1,218 | 57 | -32,115 | -8,202 | -2,375 | -1,172 | 477 | 2,590 |
(Decrease) increase in cash and cash equivalents | ||||||||
-23,788 | 23,642 | 95,116 | 271,674 | -27,317 | -982 | 95,857 | -39,163 | 24,479 |
Supplemental disclosure of cash flow transactions: | ||||||||
Cash paid during the year for: | ||||||||
Interest | ||||||||
- | - | 85 | 1,014 | 1,695 | 2,230 | 3,447 | 6,171 | 8,256 |
Income taxes | ||||||||
55,051 | 99,720 | 192,964 | 101,651 | 117,409 | 133,612 | 5,102 | 9,454 | 11,970 |
Cash received during the year for: | ||||||||
Income taxes | ||||||||
36,668 | 1,938 | - | - | - | - | - | - | - |
Non-cash investing transactions: | ||||||||
Purchase of property, plant and equipment included in accounts payable | ||||||||
2,281 | 692 | 1,744 | 645 | 1,714 | 1,573 | 790 | 397 | 755 |
Non-cash financing transactions: | ||||||||
Purchase of treasury stock | ||||||||
4,348 | - | - | - | - | - | - | - | - |
Purchase of Marketable Securities | ||||||||
3,491 | - | - | - | - | - | - | - | - |