| Condensed Balance Sheet |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
As of June 30, |
(In thousands) |
2019 |
|
2018 |
Accounts receivable, net: |
|
|
|
Accounts receivable, gross |
$ |
1,002,114 |
|
|
$ |
663,317 |
|
Allowance for doubtful accounts |
(12,001 |
) |
|
(11,639 |
) |
|
$ |
990,113 |
|
|
$ |
651,678 |
|
Inventories: |
|
|
|
Customer service parts |
$ |
328,515 |
|
|
$ |
253,639 |
|
Raw materials |
444,627 |
|
|
331,065 |
|
Work-in-process |
285,191 |
|
|
280,208 |
|
Finished goods |
204,167 |
|
|
66,933 |
|
|
$ |
1,262,500 |
|
|
$ |
931,845 |
|
Other current assets: |
|
|
|
Contract assets |
$ |
94,015 |
|
|
$ |
— |
|
Deferred costs of revenue(1)
|
70,721 |
|
|
— |
|
Prepaid expenses |
88,387 |
|
|
47,088 |
|
Prepaid income and other taxes |
51,889 |
|
|
23,452 |
|
Other current assets |
18,065 |
|
|
14,619 |
|
|
$ |
323,077 |
|
|
$ |
85,159 |
|
Land, property and equipment, net: |
|
|
|
Land |
$ |
67,883 |
|
|
$ |
40,599 |
|
Buildings and leasehold improvements |
402,678 |
|
|
335,647 |
|
Machinery and equipment |
669,316 |
|
|
577,077 |
|
Office furniture and fixtures |
28,282 |
|
|
22,171 |
|
Construction-in-process |
26,029 |
|
|
9,180 |
|
|
1,194,188 |
|
|
984,674 |
|
Less: accumulated depreciation |
(745,389 |
) |
|
(698,368 |
) |
|
$ |
448,799 |
|
|
$ |
286,306 |
|
Other non-current assets: |
|
|
|
Executive Deferred Savings Plan |
$ |
207,581 |
|
|
$ |
197,213 |
|
Other non-current assets |
58,392 |
|
|
38,869 |
|
|
$ |
265,973 |
|
|
$ |
236,082 |
|
Other current liabilities: |
|
|
|
Executive Deferred Savings Plan |
$ |
208,926 |
|
|
$ |
199,505 |
|
Compensation and benefits |
226,462 |
|
|
173,774 |
|
Other accrued expenses |
196,177 |
|
|
123,869 |
|
Customer credits and advances |
133,677 |
|
|
116,440 |
|
Warranty |
6,470 |
|
|
42,258 |
|
Income taxes payable |
23,350 |
|
|
23,287 |
|
Interest payable |
31,992 |
|
|
16,947 |
|
|
$ |
827,054 |
|
|
$ |
696,080 |
|
Other non-current liabilities: |
|
|
|
Pension liabilities |
$ |
79,622 |
|
|
$ |
66,786 |
|
Income taxes payable |
392,266 |
|
|
371,665 |
|
Other non-current liabilities |
116,009 |
|
|
54,791 |
|
|
$ |
587,897 |
|
|
$ |
493,242 |
|
________________
|
|
(1) |
Deferred costs of revenue were previously included under deferred system profit prior to the adoption of ASC 606. |
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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, 2019 |
$ |
(44,041 |
) |
|
$ |
(1,616 |
) |
|
$ |
(8,725 |
) |
|
$ |
(18,647 |
) |
|
$ |
(73,029 |
) |
|
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2018 |
$ |
(29,974 |
) |
|
$ |
(11,032 |
) |
|
$ |
1,932 |
|
|
$ |
(14,859 |
) |
|
$ |
(53,933 |
) |
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statements of Operations |
Consolidated Statements of Operations
The following table shows other expense (income), net for the indicated periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended June 30, |
(In thousands) |
2019 |
|
2018 |
|
2017 |
Other expense (income), net: |
|
|
|
|
|
Interest income |
$ |
(40,367 |
) |
|
$ |
(36,869 |
) |
|
$ |
(23,270 |
) |
Foreign exchange (gains) losses, net |
(322 |
) |
|
708 |
|
|
641 |
|
Net realized losses (gains) on sale of investments |
1,294 |
|
|
209 |
|
|
(191 |
) |
Other |
7,933 |
|
|
5,470 |
|
|
5,998 |
|
|
$ |
(31,462 |
) |
|
$ |
(30,482 |
) |
|
$ |
(16,822 |
) |
|