| Condensed Balance Sheet |
Consolidated Balance Sheets
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As of June 30, |
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| (In thousands) |
2020 |
|
2019 |
| Accounts receivable, net: |
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|
|
| Accounts receivable, gross |
$ |
1,119,235 |
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|
$ |
1,002,114 |
|
| Allowance for doubtful accounts |
(11,822) |
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|
(12,001) |
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|
$ |
1,107,413 |
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|
$ |
990,113 |
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| Inventories: |
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| Customer service parts |
$ |
338,608 |
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|
$ |
328,515 |
|
| Raw materials |
478,594 |
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|
444,627 |
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| Work-in-process |
334,965 |
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|
285,191 |
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| Finished goods |
158,818 |
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|
204,167 |
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|
$ |
1,310,985 |
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|
$ |
1,262,500 |
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| Other current assets: |
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| Contract assets |
$ |
99,876 |
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|
$ |
94,015 |
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| Deferred costs of revenue |
77,219 |
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|
70,721 |
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| Prepaid expenses |
74,955 |
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|
88,387 |
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| Prepaid income and other taxes |
56,809 |
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|
51,889 |
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| Other current assets |
15,816 |
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|
18,065 |
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|
$ |
324,675 |
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|
$ |
323,077 |
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| Land, property and equipment, net: |
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| Land |
$ |
67,858 |
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|
$ |
67,883 |
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| Buildings and leasehold improvements |
405,238 |
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|
402,678 |
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| Machinery and equipment |
677,627 |
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|
669,316 |
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| Office furniture and fixtures |
29,964 |
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|
28,282 |
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| Construction-in-process |
93,736 |
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|
26,029 |
|
|
1,274,423 |
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|
1,194,188 |
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| Less: accumulated depreciation |
(754,599) |
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|
(745,389) |
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|
$ |
519,824 |
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|
$ |
448,799 |
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| Other non-current assets: |
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|
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| Executive Deferred Savings Plan |
$ |
213,487 |
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|
$ |
207,581 |
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| Operating lease right of use assets |
100,790 |
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|
— |
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| Other non-current assets |
48,702 |
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|
58,392 |
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|
$ |
362,979 |
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|
$ |
265,973 |
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| Other current liabilities: |
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|
|
| Executive Deferred Savings Plan |
$ |
215,167 |
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|
$ |
208,926 |
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| Compensation and benefits |
251,379 |
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|
226,462 |
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| Other accrued expenses |
183,435 |
|
|
202,647 |
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| Customer credits and advances |
114,896 |
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|
133,677 |
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| Income taxes payable |
35,640 |
|
|
23,350 |
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| Interest payable |
36,265 |
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|
31,992 |
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| Operating lease liabilities |
28,994 |
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|
— |
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|
$ |
865,776 |
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|
$ |
827,054 |
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| Other non-current liabilities: |
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| Pension liabilities |
$ |
78,911 |
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|
$ |
79,622 |
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| Income taxes payable |
383,447 |
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|
392,266 |
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| Operating lease liabilities |
70,885 |
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|
— |
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| Other non-current liabilities |
139,041 |
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|
116,009 |
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|
$ |
672,284 |
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|
$ |
587,897 |
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| 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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| (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 |
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Total |
| Balance as of June 30, 2020 |
$ |
(43,957) |
|
|
$ |
3,683 |
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|
$ |
(23,250) |
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|
$ |
(16,250) |
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|
$ |
(79,774) |
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| Balance as of June 30, 2019 |
$ |
(44,041) |
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|
$ |
(1,616) |
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|
$ |
(8,725) |
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|
$ |
(18,647) |
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|
$ |
(73,029) |
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| Consolidated Statements of Operations |
Consolidated Statements of Operations
The following table shows other expense (income), net for the indicated periods:
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Year ended June 30, |
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| (In thousands) |
2020 |
|
2019 |
|
2018 |
| Other expense (income), net: |
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| Interest income |
$ |
(21,646) |
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|
$ |
(40,367) |
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|
$ |
(36,869) |
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| Foreign exchange (gains) losses, net |
4,236 |
|
|
(322) |
|
|
708 |
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| Net realized losses (gains) on sale of investments |
(297) |
|
|
1,294 |
|
|
209 |
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| Other |
20,385 |
|
|
7,933 |
|
|
5,470 |
|
|
$ |
2,678 |
|
|
$ |
(31,462) |
|
|
$ |
(30,482) |
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|