Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Sep. 30, 2023
Oct. 01, 2022
OPERATING ACTIVITIES    
Net loss $ (508,122,000) $ (174,392,000)
Adjustments to reconcile net loss to cash used by operating activities:    
Impairment of goodwill and intangible assets 0 421,922,000
Depreciation and amortization 142,701,000 130,623,000
Reduction in the carrying amount of right-of-use assets 190,423,000 185,880,000
Stock-based compensation 35,204,000 37,474,000
Provision for doubtful accounts 5,585,000 1,004,000
Pension expense in excess of (less than) contributions (10,151,000) 85,779,000
Deferred income taxes (256,048,000) (40,396,000)
Write-off of income tax receivables and interest 921,409,000 0
Other, net 4,363,000 33,308,000
Changes in operating assets and liabilities:    
Accounts receivable (313,866,000) (461,904,000)
Inventories (222,116,000) (1,434,470,000)
Accounts payable 72,314,000 494,424,000
Income taxes 41,718,000 (193,671,000)
Accrued liabilities 85,205,000 138,510,000
Operating lease right-of-use assets and liabilities (193,298,000) (190,171,000)
Other assets and liabilities (14,582,000) 52,123,000
Cash used by operating activities (19,261,000) (913,957,000)
INVESTING ACTIVITIES    
Capital expenditures (96,343,000) (89,958,000)
Software purchases (42,597,000) (47,858,000)
Other, net (10,791,000) 6,112,000
Cash used by investing activities (149,731,000) (131,704,000)
FINANCING ACTIVITIES    
Contingent consideration payment 0 (56,976,000)
Net increase in short-term borrowings 1,017,895,000 1,357,284,000
Payments on long-term debt (907,656,000) (500,522,000)
Payment of debt issuance costs (576,000) (807,000)
Cash dividends paid (233,172,000) (388,284,000)
Proceeds from issuance of Common Stock, net of (payments) for tax withholdings (2,392,000) (1,931,000)
Cash provided (used) by financing activities (125,901,000) 408,764,000
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash (21,190,000) (85,888,000)
Net change in cash, cash equivalents and restricted cash (316,083,000) (722,785,000)
Cash, cash equivalents and restricted cash – beginning of year 816,319,000 1,277,082,000
Cash, cash equivalents and restricted cash – end of period $ 500,236,000 $ 554,297,000