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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 844.0 $ 806.0 $ 1,783.0 $ 1,481.0
Cost of sales (32.0) (46.0) (65.0) (77.0)
Gross profit 812.0 760.0 1,718.0 1,404.0
Research and development (507.0) (626.0) (992.0) (963.0)
Selling, general and administrative (241.0) (290.0) (480.0) (486.0)
Total operating expense (748.0) (916.0) (1,472.0) (1,449.0)
Operating income (loss) 64.0 (156.0) 246.0 (45.0)
Income (loss) from equity investments, net (10.0) (5.0) 14.0 (12.0)
Interest income, net 29.0 28.0 61.0 52.0
Other non-operating income (loss), net (19.0) 14.0 (13.0) 13.0
Income (loss) before income taxes 64.0 (119.0) 308.0 8.0
Income tax benefit (expense) 43.0 9.0 22.0 (13.0)
Net income (loss) $ 107.0 $ (110.0) $ 330.0 $ (5.0)
Net income (loss) per share attributable to ordinary shareholders        
Basic (in USD per share) $ 0.10 $ (0.11) $ 0.32 $ 0.00
Diluted (in USD per share) $ 0.10 $ (0.11) $ 0.31 $ 0.00
Weighted average ordinary shares outstanding        
Basic (in shares) 1,049,000,000 1,025,000,000 1,047,000,000 1,025,000,000
Diluted (in shares) 1,063,000,000 1,025,000,000 1,061,000,000 1,025,000,000
External Customers        
Revenue $ 652.0 $ 644.0 $ 1,467.0 $ 1,179.0
Related Parties        
Revenue $ 192.0 $ 162.0 $ 316.0 $ 302.0