Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting and Geographic Information (Tables)

v3.20.1
Segment Reporting and Geographic Information (Tables)
9 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Summary Of Results for Reportable Segments
The following is a summary of results for each of our four reportable segments for the indicated periods:
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
(In thousands)
2020
 
2019
 
2020
 
2019
Semiconductor Process Control:
 
 
 
 
 
 
 
Revenue
$
1,177,777

 
$
914,305

 
$
3,588,839

 
$
3,078,277

Segment gross margin
752,649

 
565,291

 
2,290,721

 
1,969,641

Specialty Semiconductor Process:
 
 
 
 
 
 
 
Revenue
85,083

 
84,388

 
229,328

 
84,388

Segment gross margin
47,187

 
45,296

 
126,684

 
45,296

PCB, Display and Component Inspection:
 
 
 
 
 
 
 
Revenue
160,411

 
98,462

 
525,242

 
148,187

Segment gross margin
71,163

 
45,912

 
229,769

 
67,000

Other:
 
 
 
 
 
 
 
Revenue
469

 
151

 
3,217

 
151

Segment gross margin
(271
)
 
3

 
499

 
3

Totals:
 
 
 
 
 
 
 
Revenue
$
1,423,740

 
$
1,097,306

 
$
4,346,626

 
$
3,311,003

Segment gross margin
$
870,728

 
$
656,502

 
$
2,647,673

 
$
2,081,940


Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
(In thousands)
2020
 
2019
 
2020
 
2019
Total revenue for reportable segments
$
1,423,740

 
$
1,097,306

 
$
4,346,626

 
$
3,311,003

Corporate allocations and effects of foreign exchange rates
224

 
5

 
205

 
(534
)
Total revenue
$
1,423,964

 
$
1,097,311

 
$
4,346,831

 
$
3,310,469


Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes
The following table reconciles total segment gross margin to total income before income taxes for the indicated periods:
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
(In thousands)
2020
 
2019
 
2020
 
2019
Total segment gross margin
$
870,728

 
$
656,502

 
$
2,647,673

 
$
2,081,940

Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1)
36,922

 
46,136

 
128,859

 
48,063

Research and development
215,433

 
184,887

 
646,764

 
504,320

Selling, general and administrative
185,760

 
182,184

 
566,358

 
409,084

Goodwill impairment
256,649

 

 
256,649

 

Interest expense
39,231

 
31,187

 
120,053

 
84,087

Loss on extinguishment of debt
22,538

 

 
22,538

 

Other expense (income), net
(1,004
)
 
(9,282
)
 
(5,190
)
 
(28,535
)
Income before income taxes
$
115,199

 
$
221,390

 
$
911,642

 
$
1,064,921

__________________
(1)
Acquisition-related charges primarily include amortization of intangible assets, amortization of inventory fair value adjustments, and other acquisition-related costs classified or presented as part of costs of revenues.
Revenues by Geographic Region
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
(Dollar amounts in thousands)
Three Months Ended March 31,
 
Nine Months Ended March 31,
2020
 
2019
 
2020
 
2019
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Taiwan
$
349,841


24
%

$
275,507


25
%

$
1,183,653


27
%

$
796,478


24
%
China
352,343


25
%

206,164


19
%

1,079,951


25
%

816,176


25
%
Japan
152,984


11
%

146,069


13
%

553,999

 
13
%

461,930

 
14
%
Korea
297,687


21
%

196,490


18
%

677,085


16
%

476,959


14
%
North America
159,250


11
%

156,824


14
%

499,750


11
%

409,066


12
%
Europe and Israel
76,021


5
%

76,054


7
%

232,870


5
%

228,341


7
%
Rest of Asia
35,838


3
%

40,203


4
%

119,523


3
%

121,519


4
%
Total
$
1,423,964

 
100
%
 
$
1,097,311

 
100
%
 
$
4,346,831

 
100
%
 
$
3,310,469

 
100
%

Revenues by Major Products
The following is a summary of revenues by major products for the indicated periods:
(Dollar amounts in thousands)
Three Months Ended March 31,
 
Nine Months Ended March 31,
2020
 
2019
 
2020
 
2019
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wafer Inspection
$
536,318

 
38
%
 
$
309,600

 
28
%
 
$
1,590,723

 
37
%
 
$
1,235,445

 
37
%
Patterning
298,973

 
21
%
 
279,566

 
25
%
 
970,709

 
22
%
 
868,063

 
26
%
Specialty Semiconductor Process
68,815

 
5
%
 
76,386

 
7
%
 
186,626

 
4
%
 
76,386

 
2
%
PCB, Display and Component Inspection
103,811

 
7
%
 
68,143

 
6
%
 
353,406

 
8
%
 
111,974

 
4
%
Services
372,868

 
26
%
 
304,087

 
28
%
 
1,093,210

 
25
%
 
835,817

 
25
%
Other
43,179

 
3
%
 
59,529

 
6
%
 
152,157

 
4
%
 
182,784

 
6
%
Total
$
1,423,964

 
100
%
 
$
1,097,311

 
100
%
 
$
4,346,831

 
100
%
 
$
3,310,469

 
100
%

Long-Lived Assets by Geographic Region
Land, property and equipment, net by geographic region as of the dates indicated below were as follows: 
(In thousands)
As of
March 31, 2020
 
As of
June 30, 2019
Land, property and equipment, net:
 
 
 
United States
$
310,730

 
$
253,255

Singapore
51,091

 
49,523

Israel
58,257

 
66,082

Europe
59,034

 
62,027

Rest of Asia
18,631

 
17,912

Total
$
497,743

 
$
448,799