SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
|
12 Months Ended |
Jun. 30, 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. The fiscal 2021 and fiscal 2022 presentations of segments have been modified to be consistent with the fiscal 2023 presentation in that the Other segment’s revenue and gross profit are no longer included in segment revenues or segment gross profits, but are now included in the “corporate allocations and effects of changes in foreign currency exchange rates” amounts that reconcile the respective segment subtotals to total revenues and total gross profit.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Year Ended June 30, |
| (In thousands) |
2023 |
|
2022 |
|
2021 |
| Semiconductor Process Control: |
|
|
|
|
|
| Revenues |
$ |
9,324,190 |
|
|
$ |
7,924,822 |
|
|
$ |
5,734,825 |
|
| Segment gross profit |
$ |
5,957,573 |
|
|
$ |
5,167,679 |
|
|
$ |
3,705,222 |
|
| Specialty Semiconductor Process: |
|
|
|
|
|
| Revenues |
$ |
543,398 |
|
|
$ |
456,579 |
|
|
$ |
369,216 |
|
| Segment gross profit |
$ |
281,942 |
|
|
$ |
242,520 |
|
|
$ |
206,706 |
|
| PCB, Display and Component Inspection: |
|
|
|
|
|
| Revenues |
$ |
631,604 |
|
|
$ |
832,176 |
|
|
$ |
812,620 |
|
| Segment gross profit |
$ |
221,251 |
|
|
$ |
378,964 |
|
|
$ |
390,571 |
|
| Totals: |
|
|
|
|
|
| Revenues for reportable segments |
$ |
10,499,192 |
|
|
$ |
9,213,577 |
|
|
$ |
6,916,661 |
|
| Segment gross profit |
$ |
6,460,766 |
|
|
$ |
5,789,163 |
|
|
$ |
4,302,499 |
|
|
| Reconciliation of Total Reportable Segments Revenue to Total Revenue |
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Year Ended June 30, |
| (In thousands) |
2023 |
|
2022 |
|
2021 |
| Total revenues for reportable segments |
$ |
10,499,192 |
|
|
$ |
9,213,577 |
|
|
$ |
6,916,661 |
|
| Corporate allocations and effects of changes in foreign currency exchange rates |
(3,136) |
|
|
(1,694) |
|
|
2,073 |
|
| Total revenues |
$ |
10,496,056 |
|
|
$ |
9,211,883 |
|
|
$ |
6,918,734 |
|
|
| Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes |
The following table reconciles total segment gross profit to total income before income taxes for the indicated periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Year Ended June 30, |
| (In thousands) |
2023 |
|
2022 |
|
2021 |
| Total segment gross profit |
$ |
6,460,766 |
|
|
$ |
5,789,163 |
|
|
$ |
4,302,499 |
|
Acquisition-related charges, corporate allocations and effects of changes in foreign currency exchange rates(1)
|
183,017 |
|
|
169,721 |
|
|
155,930 |
|
| R&D |
1,296,727 |
|
|
1,105,254 |
|
|
928,487 |
|
| SG&A |
986,326 |
|
|
860,007 |
|
|
729,602 |
|
|
|
|
|
|
|
| Interest expense |
296,940 |
|
|
160,339 |
|
|
157,328 |
|
| Loss on extinguishment of debt |
13,286 |
|
|
— |
|
|
— |
|
| Other expense (income), net |
(104,720) |
|
|
4,605 |
|
|
(29,302) |
|
| Income before income taxes |
$ |
3,789,190 |
|
|
$ |
3,489,237 |
|
|
$ |
2,360,454 |
|
__________________ (1)Acquisition-related charges primarily include amortization of intangible assets 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) |
Year Ended June 30, |
| 2023 |
|
2022 |
|
2021 |
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
| China |
$ |
2,867,443 |
|
|
27 |
% |
|
$ |
2,660,438 |
|
|
29 |
% |
|
$ |
1,831,446 |
|
|
26 |
% |
| Taiwan |
2,493,379 |
|
|
24 |
% |
|
2,528,482 |
|
|
27 |
% |
|
1,690,558 |
|
|
25 |
% |
| Korea |
1,895,710 |
|
|
18 |
% |
|
1,430,495 |
|
|
16 |
% |
|
1,343,473 |
|
|
19 |
% |
| North America |
1,254,956 |
|
|
12 |
% |
|
928,043 |
|
|
10 |
% |
|
765,974 |
|
|
11 |
% |
| Japan |
888,016 |
|
|
9 |
% |
|
724,773 |
|
|
8 |
% |
|
639,381 |
|
|
9 |
% |
| Europe and Israel |
682,103 |
|
|
6 |
% |
|
636,664 |
|
|
7 |
% |
|
396,422 |
|
|
6 |
% |
| Rest of Asia |
414,449 |
|
|
4 |
% |
|
302,988 |
|
|
3 |
% |
|
251,480 |
|
|
4 |
% |
| Total |
$ |
10,496,056 |
|
|
100 |
% |
|
$ |
9,211,883 |
|
|
100 |
% |
|
$ |
6,918,734 |
|
|
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) |
Year ended June 30, |
| 2023 |
|
2022 |
|
2021 |
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
| Wafer Inspection |
$ |
4,336,663 |
|
|
41 |
% |
|
$ |
4,014,726 |
|
|
44 |
% |
|
$ |
2,661,167 |
|
|
39 |
% |
| Patterning |
2,791,130 |
|
|
26 |
% |
|
2,050,025 |
|
|
22 |
% |
|
1,505,990 |
|
|
22 |
% |
| Specialty Semiconductor Process |
492,109 |
|
|
5 |
% |
|
414,811 |
|
|
4 |
% |
|
304,627 |
|
|
4 |
% |
| PCB, Display and Component Inspection |
378,030 |
|
|
4 |
% |
|
562,464 |
|
|
6 |
% |
|
562,104 |
|
|
8 |
% |
| Services |
2,117,031 |
|
|
20 |
% |
|
1,910,455 |
|
|
21 |
% |
|
1,678,418 |
|
|
24 |
% |
| Other |
381,093 |
|
|
4 |
% |
|
259,402 |
|
|
3 |
% |
|
206,428 |
|
|
3 |
% |
| Total |
$ |
10,496,056 |
|
|
100 |
% |
|
$ |
9,211,883 |
|
|
100 |
% |
|
$ |
6,918,734 |
|
|
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 June 30, |
|
|
| (In thousands) |
2023 |
|
2022 |
|
|
| Land, property and equipment, net: |
|
|
|
|
|
| U.S. |
$ |
672,561 |
|
|
$ |
547,454 |
|
|
|
| Singapore |
150,989 |
|
|
146,057 |
|
|
|
| Israel |
92,815 |
|
|
72,791 |
|
|
|
| Europe |
74,015 |
|
|
55,370 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rest of Asia |
41,461 |
|
|
28,257 |
|
|
|
| Total |
$ |
1,031,841 |
|
|
$ |
849,929 |
|
|
|
|