Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.23.4
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Dec. 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 December 31, Six Months Ended December 31,
(In thousands) 2023 2022 2023 2022
Semiconductor Process Control:
Revenues $ 2,194,079  $ 2,657,395  $ 4,329,557  $ 5,055,154 
Segment gross profit 1,418,339  1,678,037  2,804,868  3,255,019 
Specialty Semiconductor Process:
Revenues 150,065  158,085  276,784  285,952 
Segment gross profit 81,278  84,040  150,579  151,080 
PCB, Display and Component Inspection:
Revenues 143,032  169,959  279,075  370,704 
Segment gross profit 57,165  53,864  96,985  139,538 
Totals:
Revenues for reportable segments $ 2,487,176  $ 2,985,439  $ 4,885,416  $ 5,711,810 
Segment gross profit $ 1,556,782  $ 1,815,941  $ 3,052,432  $ 3,545,637 
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total reportable segment revenues to total revenues for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2023 2022 2023 2022
Total revenues for reportable segments $ 2,487,176  $ 2,985,439  $ 4,885,416  $ 5,711,810 
Corporate allocations and effects of changes in foreign currency exchange rates (450) (1,552) (1,734) (3,499)
Total revenues $ 2,486,726  $ 2,983,887  $ 4,883,682  $ 5,708,311 
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 December 31, Six Months Ended December 31,
(In thousands) 2023 2022 2023 2022
Total segment gross profit $ 1,556,782  $ 1,815,941  $ 3,052,432  $ 3,545,637 
Acquisition-related charges, corporate allocations and effects of changes in foreign currency exchange rates(1)
46,802  40,840  92,387  87,338 
R&D 320,418  332,826  631,632  651,341 
SG&A 237,244  243,096  476,889  497,076 
Impairment of goodwill and purchased intangible assets 219,000  —  219,000  — 
Interest expense 74,202  74,280  148,436  148,675 
Loss on extinguishment of debt —  —  —  13,286 
Other expense (income), net (32,154) (18,074) (58,893) (65,080)
Income before income taxes $ 691,270  $ 1,142,973  $ 1,542,981  $ 2,213,001 
__________________
(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) Three Months Ended December 31, Six Months Ended December 31,
2023 2022 2023 2022
Revenues:
China $ 1,027,780  41  % $ 681,701  23  % $ 2,053,724  42  % $ 1,521,362  27  %
Taiwan 375,259  15  % 768,999  26  % 780,602  16  % 1,517,333  27  %
Korea 310,672  12  % 590,936  20  % 530,493  11  % 998,398  17  %
Japan 297,757  12  % 269,746  9  % 525,134  11  % 487,455  9  %
North America 263,613  11  % 366,641  12  % 514,326  10  % 600,395  10  %
Europe and Israel 123,362  5  % 169,614  5  % 291,798  6  % 333,687  6  %
Rest of Asia 88,283  4  % 136,250  5  % 187,605  4  % 249,681  4  %
Total $ 2,486,726  100  % $ 2,983,887  100  % $ 4,883,682  100  % $ 5,708,311  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 December 31, Six Months Ended December 31,
2023 2022 2023 2022
Revenues:
Wafer Inspection $ 1,166,484  47  % $ 1,256,540  42  % $ 2,176,682  45  % $ 2,359,082  41  %
Patterning 430,384  17  % 861,262  29  % 972,872  20  % 1,594,632  28  %
Specialty Semiconductor Process 136,278  6  % 145,542  5  % 248,381  5  % 259,986  5  %
PCB, Display and Component Inspection 77,298  3  % 108,644  4  % 148,462  3  % 243,087  4  %
Services 564,917  23  % 520,479  17  % 1,125,209  23  % 1,049,294  18  %
Other 111,365  4  % 91,420  3  % 212,076  4  % 202,230  4  %
Total $ 2,486,726  100  % $ 2,983,887  100  % $ 4,883,682  100  % $ 5,708,311  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) December 31, 2023 June 30, 2023
Land, property and equipment, net:
United States $ 696,386  $ 672,561 
Singapore 153,360  150,989 
Europe 110,041  74,015 
Israel 90,804  92,815 
Rest of Asia 38,233  41,461 
Total $ 1,088,824  $ 1,031,841