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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,551 $ 1,554
Short-term investments 850 661
Accounts receivable, net (including receivables from related parties of $217 and $402 as of December 31, 2023 and March 31, 2023, respectively) 799 999
Contract assets (including contract assets from related parties of $16 and $9 as of December 31, 2023 and March 31, 2023, respectively) 280 154
Prepaid expenses and other current assets 148 169
Total current assets 3,628 3,537
Non-current assets:    
Property and equipment, net 221 185
Operating lease right of use assets 204 206
Equity investments (including investments held at fair value of $576 and $592 as of December 31, 2023 and March 31, 2023, respectively) 748 723
Goodwill 1,628 1,620
Intangible assets, net 163 138
Deferred tax assets 140 139
Non-current portion of contract assets 143 116
Other non-current assets 240 202
Total non-current assets 3,487 3,329
Total assets 7,115 6,866
Current liabilities:    
Accrued compensation and benefits and share-based compensation 211 589
Tax liabilities 127 162
Contract liabilities (including contract liabilities from related parties of $100 and $135 as of December 31, 2023 and March 31, 2023, respectively) 223 293
Operating lease liabilities 26 26
Other current liabilities (including payables to related parties of $25 and $17 as of December 31, 2023 and March 31, 2023, respectively) 279 293
Total current liabilities 866 1,363
Non-current liabilities:    
Non-current portion of accrued compensation and share-based compensation 18 152
Deferred tax liabilities 237 262
Non-current portion of contract liabilities 734 807
Non-current portion of operating lease liabilities 195 193
Other non-current liabilities 61 38
Total non-current liabilities 1,245 1,452
Liabilities 2,111 2,815
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Ordinary shares, $0.001 par value; 1,088,334,144 shares authorized and 1,028,075,347 shares issued and outstanding as of December 31, 2023; and 1,025,234,000 shares authorized, issued and outstanding as of March 31, 2023 2 2
Additional paid-in capital 2,087 1,216
Accumulated other comprehensive income 388 376
Retained earnings 2,527 2,457
Total shareholders’ equity 5,004 4,051
Total liabilities and shareholders’ equity $ 7,115 $ 6,866