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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 824.0 $ 724.0 $ 2,305.0 $ 2,046.0
Cost of sales (36.0) (29.0) (113.0) (79.0)
Gross profit 788.0 695.0 2,192.0 1,967.0
Research and development (432.0) (286.0) (1,395.0) (752.0)
Selling, general and administrative (216.0) (163.0) (702.0) (488.0)
Disposal, restructuring and other operating expenses, net (6.0) (2.0) (6.0) (6.0)
Total operating expense (654.0) (451.0) (2,103.0) (1,246.0)
Operating income (loss) 134.0 244.0 89.0 721.0
Income (loss) from equity investments, net (1.0) (6.0) (13.0) (80.0)
Interest income, net 28.0 13.0 80.0 21.0
Other non-operating income (loss), net (15.0) (23.0) (2.0) 4.0
Income (loss) before income taxes 146.0 228.0 154.0 666.0
Income tax benefit (expense) (59.0) (46.0) (72.0) (145.0)
Net income (loss) $ 87.0 $ 182.0 $ 82.0 $ 521.0
Net income (loss) per share attributable to ordinary shareholders        
Basic (in USD per share) $ 0.08 $ 0.18 $ 0.08 $ 0.51
Diluted (in USD per share) $ 0.08 $ 0.18 $ 0.08 $ 0.51
Weighted average ordinary shares outstanding        
Basic (in shares) 1,026,894,266 1,025,234,000 1,025,815,812 1,025,234,000
Diluted (in shares) 1,048,888,489 1,027,918,937 1,040,163,454 1,026,956,431
External Customers        
Revenue $ 576.0 $ 533.0 $ 1,755.0 $ 1,526.0
Related Parties        
Revenue $ 248.0 $ 191.0 $ 550.0 $ 520.0