Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.22.1
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule 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) 2022 2021 2022 2021
SPC:
Revenues $ 1,979,295  $ 1,506,140  $ 5,810,580  $ 4,154,278 
Segment gross profit 1,284,450  982,511  3,789,316  2,681,411 
Specialty Semiconductor Process:
Revenues 117,253  91,724  332,020  271,264 
Segment gross profit 61,521  51,720  176,516  152,819 
PCB, Display and Component Inspection:
Revenues 192,533  205,202  583,318  565,646 
Segment gross profit 93,298  100,311  270,096  275,064 
Other:
Revenues —  149  —  739 
Segment gross profit —  40  —  (68)
Totals:
Revenues for reportable segments $ 2,289,081  $ 1,803,215  $ 6,725,918  $ 4,991,927 
Segment gross profit $ 1,439,269  $ 1,134,582  $ 4,235,928  $ 3,109,226 
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total revenues for reportable segments to total revenues for the indicated periods:
  Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2022 2021 2022 2021
Total revenues for reportable segments $ 2,289,081  $ 1,803,215  $ 6,725,918  $ 4,991,927 
Corporate allocations and effects of changes in foreign currency exchange rates (405) 558  (774) 1,336 
Total revenues $ 2,288,676  $ 1,803,773  $ 6,725,144  $ 4,993,263 
Schedule of Reconciliation of Total Segment Gross Profit to Total Income Before Income Taxes
The following table reconciles total segment gross profit to total income before income taxes for the indicated periods:
  Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2022 2021 2022 2021
Total segment gross profit $ 1,439,269  $ 1,134,582  $ 4,235,928  $ 3,109,226 
Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates(1)
42,684  40,438  124,661  115,887 
R&D 285,189  238,957  808,373  687,059 
SG&A 216,489  183,040  623,229  537,580 
Interest expense 39,978  39,092  116,142  117,358 
Other expense (income), net 8,644  (7,348) 23,985  (269)
Income before income taxes $ 846,285  $ 640,403  $ 2,539,538  $ 1,651,611 
__________________
(1)Acquisition-related charges primarily include amortization of intangible assets and amortization of inventory fair value adjustments presented as part of costs of revenues.
Schedule of 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,
2022 2021 2022 2021
Revenues:
China $ 709,502  31  % $ 353,393  20  % $ 1,939,195  29  % $ 1,221,639  24  %
Taiwan 515,097  22  % 401,797  22  % 1,918,623  29  % 1,151,683  23  %
Korea 474,019  21  % 557,514  31  % 1,036,297  16  % 1,094,979  22  %
North America 219,267  10  % 174,728  10  % 668,601  10  % 559,712  11  %
Europe and Israel 164,246  7  % 95,080  5  % 426,881  6  % 278,398  6  %
Japan 132,829  6  % 161,190  9  % 504,278  7  % 482,330  10  %
Rest of Asia 73,716  3  % 60,071  3  % 231,269  3  % 204,522  4  %
Total $ 2,288,676  100  % $ 1,803,773  100  % $ 6,725,144  100  % $ 4,993,263  100  %
Schedule of Revenues by Major Products
The following is a summary of revenues by major product categories for the indicated periods:
(Dollar amounts in thousands) Three Months Ended March 31, Nine Months Ended March 31,
2022 2021 2022 2021
Revenues:
Wafer Inspection $ 919,072  40  % $ 714,990  40  % $ 2,910,616  43  % $ 1,921,571  38  %
Patterning 610,821  27  % 399,533  22  % 1,559,197  23  % 1,077,977  22  %
Specialty Semiconductor Process 105,832  5  % 76,852  4  % 303,884  5  % 222,857  4  %
PCB, Display and Component Inspection 123,384  5  % 141,539  8  % 383,021  6  % 377,990  8  %
Services 488,017  21  % 428,453  24  % 1,398,828  21  % 1,234,425  25  %
Other 41,550  2  % 42,406  2  % 169,598  2  % 158,443  3  %
Total $ 2,288,676  100  % $ 1,803,773  100  % $ 6,725,144  100  % $ 4,993,263  100  %
Schedule of Long-Lived Assets by Geographic Region
Land, property and equipment, net by geographic region as of the dates indicated below were as follows: 
As of As of
(In thousands) March 31, 2022 June 30, 2021
Land, property and equipment, net:
United States $ 530,852  $ 447,359 
Singapore 128,640  76,882 
Israel 65,238  57,403 
Europe 55,000  56,895 
Rest of Asia 29,144  24,488 
Total $ 808,874  $ 663,027