SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
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12 Months Ended |
Jun. 30, 2020 |
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| Segment Reporting [Abstract] |
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| Summary Of Results for Reportable Segments |
The following is a summary of results for each of our four reportable segments for the indicated periods:
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Year ended June 30, |
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| (In thousands) |
2020 |
|
2019 |
|
2018 |
| Semiconductor Process Control: |
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| Revenue |
$ |
4,745,446 |
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|
$ |
4,080,822 |
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|
$ |
3,944,015 |
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| Segment gross margin |
$ |
3,028,167 |
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|
$ |
2,590,434 |
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|
$ |
2,554,223 |
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| Specialty Semiconductor Process: |
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| Revenue |
$ |
329,700 |
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|
$ |
151,164 |
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|
$ |
— |
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| Segment gross margin |
$ |
183,641 |
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|
$ |
78,800 |
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|
$ |
— |
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| PCB, Display and Component Inspection: |
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| Revenue |
$ |
727,451 |
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|
$ |
332,810 |
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|
$ |
92,516 |
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| Segment gross margin |
$ |
315,723 |
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|
$ |
155,765 |
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$ |
38,428 |
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| Other: |
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| Revenue |
$ |
3,614 |
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|
$ |
4,676 |
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|
$ |
— |
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| Segment gross margin |
$ |
(63) |
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|
$ |
1,102 |
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|
$ |
— |
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| Totals: |
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| Revenue |
$ |
5,806,211 |
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|
$ |
4,569,472 |
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$ |
4,036,531 |
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| Segment gross margin |
$ |
3,527,468 |
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|
$ |
2,826,101 |
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|
$ |
2,592,651 |
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| Reconciliation of Total Reportable Segments Revenue to Total Revenue |
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
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Year ended June 30, |
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| (In thousands) |
2020 |
|
2019 |
|
2018 |
| Total revenue for reportable segments |
$ |
5,806,211 |
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|
$ |
4,569,472 |
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|
$ |
4,036,531 |
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| Corporate allocations and effects of foreign exchange rates |
213 |
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(568) |
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|
170 |
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| Total revenue |
$ |
5,806,424 |
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|
$ |
4,568,904 |
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|
$ |
4,036,701 |
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| 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:
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Year ended June 30, |
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| (In thousands) |
2020 |
|
2019 |
|
2018 |
| Total segment gross margin |
$ |
3,527,468 |
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|
$ |
2,826,101 |
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|
$ |
2,592,651 |
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Acquisition-related charges, corporate allocations and effects of foreign exchange rates(1)
|
170,605 |
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126,574 |
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|
1,991 |
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| Research and development |
863,864 |
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|
711,030 |
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|
608,531 |
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| Selling, general and administrative |
734,149 |
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|
599,124 |
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|
442,304 |
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| Goodwill impairment |
256,649 |
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— |
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— |
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| Interest expense |
160,274 |
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|
124,604 |
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|
114,376 |
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| Loss on extinguishment of debt |
22,538 |
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— |
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— |
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| Other expense (income), net |
2,678 |
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(31,462) |
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(30,482) |
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| Income before income taxes |
$ |
1,316,711 |
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$ |
1,296,231 |
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$ |
1,455,931 |
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__________________ (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.
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| Revenues by Geographic Region |
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
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| (Dollar amounts in thousands) |
Year ended June 30, |
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2020 |
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2019 |
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2018 |
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| Revenues: |
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| Taiwan |
$ |
1,566,823 |
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27 |
% |
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$ |
1,105,726 |
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|
24 |
% |
|
$ |
636,363 |
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16 |
% |
| China |
1,457,579 |
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25 |
% |
|
1,215,807 |
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|
27 |
% |
|
643,033 |
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|
16 |
% |
| Korea |
982,171 |
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|
17 |
% |
|
584,091 |
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13 |
% |
|
1,178,601 |
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|
29 |
% |
| Japan |
670,287 |
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|
12 |
% |
|
581,529 |
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|
13 |
% |
|
638,358 |
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|
16 |
% |
| United States |
657,550 |
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|
11 |
% |
|
596,452 |
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|
13 |
% |
|
494,330 |
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|
12 |
% |
| Europe and Israel |
318,483 |
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5 |
% |
|
305,924 |
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7 |
% |
|
300,883 |
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7 |
% |
| Rest of Asia |
153,531 |
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3 |
% |
|
179,375 |
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3 |
% |
|
145,133 |
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4 |
% |
| Total |
$ |
5,806,424 |
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|
100 |
% |
|
$ |
4,568,904 |
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|
100 |
% |
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$ |
4,036,701 |
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|
100 |
% |
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| Revenues by Major Products |
The following is a summary of revenues by major products for the indicated periods:
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| (Dollar amounts in thousands) |
Year ended June 30, |
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2020 |
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2019 |
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2018 |
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| Revenues: |
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| Wafer Inspection |
$ |
2,080,484 |
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|
36 |
% |
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$ |
1,630,899 |
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36 |
% |
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$ |
1,714,421 |
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42 |
% |
| Patterning |
1,278,382 |
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22 |
% |
|
1,161,263 |
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25 |
% |
|
1,133,410 |
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29 |
% |
| Specialty Semiconductor Process |
269,667 |
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|
5 |
% |
|
129,854 |
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|
3 |
% |
|
— |
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— |
% |
| PCB, Display and Component Inspection |
497,026 |
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|
9 |
% |
|
238,275 |
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|
5 |
% |
|
85,836 |
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2 |
% |
| Services |
1,477,699 |
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|
25 |
% |
|
1,176,661 |
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|
26 |
% |
|
876,030 |
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|
22 |
% |
| Other |
203,166 |
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|
3 |
% |
|
231,952 |
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|
5 |
% |
|
227,004 |
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|
5 |
% |
| Total |
$ |
5,806,424 |
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|
100 |
% |
|
$ |
4,568,904 |
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|
100 |
% |
|
$ |
4,036,701 |
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|
100 |
% |
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| Long-Lived Assets by Geographic Region |
Long-lived assets by geographic region as of the dates indicated below were as follows:
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As of June 30, |
|
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|
| (In thousands) |
2020 |
|
2019 |
|
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| Long-lived assets: |
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| United States |
$ |
329,558 |
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$ |
253,255 |
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| Israel |
59,162 |
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|
66,082 |
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| Europe |
58,065 |
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|
62,027 |
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| Singapore |
54,946 |
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|
49,523 |
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| Rest of Asia |
18,093 |
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|
17,912 |
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| Total |
$ |
519,824 |
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$ |
448,799 |
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