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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,036 $ 1,923
Short-term investments 635 1,000
Accounts receivable, net (including receivables from related parties of $272 and $182 as of December 31, 2024 and March 31, 2024, respectively) 940 781
Contract assets (including contract assets from related parties of $101 and $22 as of December 31, 2024 and March 31, 2024, respectively) 511 336
Prepaid expenses and other current assets 212 157
Total current assets 4,334 4,197
Non-current assets:    
Property and equipment, net 354 215
Operating lease right-of-use assets 245 205
Equity investments (including investments held at fair value of $557 and $573 as of December 31, 2024 and March 31, 2024, respectively) 845 741
Goodwill 1,616 1,625
Intangible assets, net 165 152
Deferred tax assets 374 282
Non-current portion of contract assets 272 240
Other non-current assets 291 270
Total non-current assets 4,162 3,730
Total assets 8,496 7,927
Current liabilities:    
Accrued compensation and benefits 114 298
Tax liabilities 142 147
Contract liabilities (including contract liabilities from related parties of $105 and $107 as of December 31, 2024 and March 31, 2024, respectively) 176 198
Operating lease liabilities 30 27
Other current liabilities (including payables to related parties of $10 and $7 as of December 31, 2024 and March 31, 2024, respectively) 412 835
Total current liabilities 874 1,505
Non-current liabilities:    
Non-current portion of accrued compensation 22 20
Deferred tax liabilities 123 135
Non-current portion of contract liabilities 750 717
Non-current portion of operating lease liabilities 231 194
Other non-current liabilities 77 61
Total non-current liabilities 1,203 1,127
Total liabilities 2,077 2,632
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Ordinary shares, $0.001 par value; 1,088 shares authorized and 1,054 shares issued and outstanding as of December 31, 2024; and 1,088 shares authorized and 1,040 shares issued and outstanding as of March 31, 2024 2 2
Additional paid-in capital 2,739 2,171
Accumulated other comprehensive income (loss) 345 371
Retained earnings 3,333 2,751
Total shareholders’ equity 6,419 5,295
Total liabilities and shareholders’ equity $ 8,496 $ 7,927