| Condensed Balance Sheet |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
As of June 30, |
(In thousands) |
2018 |
|
2017 |
Accounts receivable, net: |
|
|
|
Accounts receivable, gross |
$ |
663,317 |
|
|
$ |
592,753 |
|
Allowance for doubtful accounts |
(11,639 |
) |
|
(21,636 |
) |
|
$ |
651,678 |
|
|
$ |
571,117 |
|
Inventories: |
|
|
|
Customer service parts |
$ |
253,639 |
|
|
$ |
245,172 |
|
Raw materials |
331,065 |
|
|
240,389 |
|
Work-in-process |
280,208 |
|
|
193,026 |
|
Finished goods |
66,933 |
|
|
54,401 |
|
|
$ |
931,845 |
|
|
$ |
732,988 |
|
Other current assets: |
|
|
|
Prepaid expenses |
$ |
47,088 |
|
|
$ |
36,146 |
|
Prepaid income tax and other taxes |
23,452 |
|
|
22,071 |
|
Other current assets |
14,619 |
|
|
13,004 |
|
|
$ |
85,159 |
|
|
$ |
71,221 |
|
Land, property and equipment, net: |
|
|
|
Land |
$ |
40,599 |
|
|
$ |
40,617 |
|
Buildings and leasehold improvements |
335,647 |
|
|
319,306 |
|
Machinery and equipment |
577,077 |
|
|
551,277 |
|
Office furniture and fixtures |
22,171 |
|
|
21,328 |
|
Construction-in-process |
9,180 |
|
|
4,597 |
|
|
984,674 |
|
|
937,125 |
|
Less: accumulated depreciation and amortization |
(698,368 |
) |
|
(653,150 |
) |
|
$ |
286,306 |
|
|
$ |
283,975 |
|
Other non-current assets: |
|
|
|
Executive Deferred Savings Plan |
$ |
197,213 |
|
|
$ |
182,150 |
|
Other non-current assets |
19,606 |
|
|
13,526 |
|
|
$ |
216,819 |
|
|
$ |
195,676 |
|
Other current liabilities: |
|
|
|
Executive Deferred Savings Plan |
$ |
199,505 |
|
|
$ |
183,603 |
|
Compensation and benefits |
177,587 |
|
|
172,707 |
|
Other accrued expenses |
123,869 |
|
|
116,039 |
|
Customer credits and advances |
116,440 |
|
|
95,188 |
|
Warranty |
42,258 |
|
|
45,458 |
|
Income taxes payable |
23,287 |
|
|
17,040 |
|
Interest payable |
16,947 |
|
|
19,396 |
|
|
$ |
699,893 |
|
|
$ |
649,431 |
|
Other non-current liabilities: |
|
|
|
Pension liabilities |
$ |
66,786 |
|
|
$ |
72,801 |
|
Income taxes payable |
371,665 |
|
|
68,439 |
|
Other non-current liabilities |
32,912 |
|
|
31,167 |
|
|
$ |
471,363 |
|
|
$ |
172,407 |
|
|
| Schedule of Accumulated Other Comprehensive Income (Loss) |
The components of accumulated other comprehensive income (loss) (“OCI”) as of the dates indicated below were as follows:
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
(In thousands) |
Currency Translation Adjustments |
|
Unrealized Gains (Losses) on Available-for-Sale Securities |
|
Unrealized Gains (Losses) on Cash Flow Hedges |
|
Unrealized Gains (Losses) on Defined Benefit Plans |
|
Total |
Balance as of June 30, 2018 |
$ |
(29,974 |
) |
|
$ |
(11,032 |
) |
|
$ |
1,932 |
|
|
$ |
(14,859 |
) |
|
$ |
(53,933 |
) |
|
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2017 |
$ |
(30,654 |
) |
|
$ |
(3,869 |
) |
|
$ |
5,221 |
|
|
$ |
(22,021 |
) |
|
$ |
(51,323 |
) |
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statements of Operations |
Consolidated Statements of Operations
|
|
|
|
|
|
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|
|
|
|
|
|
Year ended June 30, |
(In thousands) |
2018 |
|
2017 |
|
2016 |
Other expense (income), net: |
|
|
|
|
|
Interest income |
$ |
(36,869 |
) |
|
$ |
(23,270 |
) |
|
$ |
(14,507 |
) |
Foreign exchange losses, net |
708 |
|
|
641 |
|
|
1,235 |
|
Net realized losses (gains) on sale of investments |
209 |
|
|
(191 |
) |
|
(311 |
) |
Other |
2,839 |
|
|
3,359 |
|
|
(7,051 |
) |
|
$ |
(33,113 |
) |
|
$ |
(19,461 |
) |
|
$ |
(20,634 |
) |
|