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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,406 $ 1,554
Short-term investments 800 661
Accounts receivable, net (including receivables from related parties of $270 and $402 as of September 30, 2023 and March 31, 2023, respectively) 864 999
Contract assets 235 154
Prepaid expenses and other current assets 137 169
Total current assets 3,442 3,537
Non-current assets:    
Property and equipment, net 205 185
Operating lease right of use assets 205 206
Equity investments (including investments held at fair value of $578 and $592 as of September 30, 2023 and March 31, 2023, respectively) 725 723
Goodwill 1,615 1,620
Intangible assets, net 147 138
Deferred tax assets 139 139
Non-current portion of contract assets 121 116
Other non-current assets 211 202
Total non-current assets 3,368 3,329
Total assets 6,810 6,866
Current liabilities:    
Accrued compensation and benefits and share-based compensation 159 589
Tax liabilities 107 162
Contract liabilities (including contract liabilities from related parties of $119 and $135 as of September 30, 2023 and March 31, 2023, respectively) 288 293
Operating lease liabilities 24 26
Other current liabilities (including payables to related parties of $17 as of September 30, 2023 and March 31, 2023) 217 293
Total current liabilities 795 1,363
Non-current liabilities:    
Non-current portion of accrued compensation and share-based compensation 19 152
Deferred tax liabilities 241 262
Non-current portion of contract liabilities 740 807
Non-current portion of operating lease liabilities 190 193
Other non-current liabilities 52 38
Total non-current liabilities 1,242 1,452
Liabilities 2,037 2,815
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Ordinary shares, $0.001 par value, 1,088,334,144 and 1,025,234,000 shares authorized as of September 30, 2023 and March 31, 2023, respectively, 1,025,234,000 issued and outstanding as of September 30, 2023 and March 31, 2023 2 2
Additional paid-in capital 1,979 1,216
Accumulated other comprehensive income 352 376
Retained earnings 2,440 2,457
Total shareholders’ equity 4,773 4,051
Total liabilities and shareholders’ equity $ 6,810 $ 6,866