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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue $ 806.0 $ 630.0 $ 1,481.0 $ 1,322.0
Cost of sales (46.0) (25.0) (77.0) (50.0)
Gross profit 760.0 605.0 1,404.0 1,272.0
Research and development (626.0) (248.0) (963.0) (466.0)
Selling, general and administrative (290.0) (172.0) (486.0) (325.0)
Disposal, restructuring and other operating expenses, net 0.0 (2.0) 0.0 (4.0)
Total operating expense (916.0) (422.0) (1,449.0) (795.0)
Operating income (loss) (156.0) 183.0 (45.0) 477.0
Income (loss) from equity investments, net (5.0) (60.0) (12.0) (74.0)
Interest income, net 28.0 6.0 52.0 8.0
Other non-operating income (loss), net 14.0 23.0 13.0 27.0
Income (loss) before income taxes (119.0) 152.0 8.0 438.0
Income tax benefit (expense) 9.0 (38.0) (13.0) (99.0)
Net income (loss) $ (110.0) $ 114.0 $ (5.0) $ 339.0
Net income (loss) per share attributable to ordinary shareholders        
Basic (in USD per share) $ (0.11) $ 0.11 $ 0.00 $ 0.33
Diluted (in USD per share) $ (0.11) $ 0.11 $ 0.00 $ 0.33
Weighted average ordinary shares outstanding        
Basic (in shares) 1,025,312,845 1,025,234,000 1,025,273,638 1,025,234,000
Diluted (in shares) 1,025,312,845 1,027,048,150 1,025,273,638 1,026,475,177
External Customers        
Revenue $ 644.0 $ 469.0 $ 1,179.0 $ 993.0
Related Parties        
Revenue $ 162.0 $ 161.0 $ 302.0 $ 329.0