Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.23.1
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Results for Reportable Segments
The following is a summary of results for each of our three reportable segments for the indicated periods:
  Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2023 2022 2023 2022
Semiconductor Process Control:
Revenues $ 2,171,557  $ 1,979,295  $ 7,226,711  $ 5,810,580 
Segment gross profit 1,367,886  1,284,450  4,622,905  3,789,316 
Specialty Semiconductor Process:
Revenues 128,438  117,253  414,390  332,020 
Segment gross profit 65,328  61,521  216,408  176,516 
PCB, Display and Component Inspection:
Revenues 131,923  192,533  502,627  583,318 
Segment gross profit 43,361  93,298  182,899  270,096 
Totals:
Revenues for reportable segments $ 2,431,918  $ 2,289,081  $ 8,143,728  $ 6,725,918 
Segment gross profit $ 1,476,575  $ 1,439,269  $ 5,022,212  $ 4,235,928 
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) 2023 2022 2023 2022
Total revenues for reportable segments $ 2,431,918  $ 2,289,081  $ 8,143,728  $ 6,725,918 
Corporate allocations and effects of changes in foreign currency exchange rates 690  (405) (2,809) (774)
Total revenues $ 2,432,608  $ 2,288,676  $ 8,140,919  $ 6,725,144 
Schedule of Reconciliation of Total Segment Gross Profit to Income Before Income Taxes
The following table reconciles total segment gross profit to income before income taxes for the indicated periods:
  Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2023 2022 2023 2022
Total segment gross profit $ 1,476,575  $ 1,439,269  $ 5,022,212  $ 4,235,928 
Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates(1)
49,313  42,684  136,651  124,661 
R&D 328,276  285,189  979,617  808,373 
SG&A 238,393  216,489  735,469  623,229 
Interest expense 74,774  39,978  223,449  116,142 
Loss on extinguishment of debt —  —  13,286  — 
Other expense (income), net (14,864) 8,644  (79,944) 23,985 
Income before income taxes $ 800,683  $ 846,285  $ 3,013,684  $ 2,539,538 
__________________
(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.
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,
2023 2022 2023 2022
Revenues:
China $ 635,018  26  % $ 709,502  31  % $ 2,156,380  26  % $ 1,939,195  29  %
Taiwan 478,855  20  % 515,097  22  % 1,996,188  24  % 1,918,623  29  %
Korea 468,226  19  % 474,019  21  % 1,466,624  18  % 1,036,297  16  %
North America 341,376  14  % 219,267  10  % 941,771  12  % 668,601  10  %
Japan 215,531  9  % 132,829  6  % 702,986  9  % 504,278  7  %
Europe and Israel 209,136  9  % 164,246  7  % 542,823  7  % 426,881  6  %
Rest of Asia 84,466  3  % 73,716  3  % 334,147  4  % 231,269  3  %
Total $ 2,432,608  100  % $ 2,288,676  100  % $ 8,140,919  100  % $ 6,725,144  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,
2023 2022 2023 2022
Revenues:
Wafer Inspection $ 1,027,191  42  % $ 919,072  40  % $ 3,386,273  42  % $ 2,910,616  43  %
Patterning 611,631  25  % 610,821  27  % 2,206,263  27  % 1,559,197  23  %
Specialty Semiconductor Process 114,896  5  % 105,832  5  % 374,882  5  % 303,884  5  %
PCB, Display and Component Inspection 69,495  3  % 123,384  5  % 312,582  4  % 383,021  6  %
Services 529,124  22  % 488,017  21  % 1,578,418  19  % 1,398,828  21  %
Other 80,271  3  % 41,550  2  % 282,501  3  % 169,598  2  %
Total $ 2,432,608  100  % $ 2,288,676  100  % $ 8,140,919  100  % $ 6,725,144  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, 2023 June 30, 2022
Land, property and equipment, net:
United States $ 644,799  $ 547,454 
Singapore 152,275  146,057 
Israel 88,277  72,791 
Europe 60,827  55,370 
Rest of Asia 38,093  28,257 
Total $ 984,271  $ 849,929