| FINANCIAL STATEMENT COMPONENTS |
FINANCIAL STATEMENT COMPONENTS Consolidated Balance Sheets
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As of June 30, |
| (In thousands) |
2025 |
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2024 |
| Accounts receivable, net: |
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| Accounts receivable, gross |
$ |
2,297,930 |
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$ |
1,865,823 |
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| Allowance for credit losses |
(34,015) |
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(32,782) |
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$ |
2,263,915 |
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$ |
1,833,041 |
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| Inventories: |
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| Customer service parts |
$ |
600,769 |
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$ |
589,751 |
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| Raw materials |
1,491,786 |
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1,485,400 |
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| Work-in-process |
833,933 |
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700,895 |
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| Finished goods |
285,661 |
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258,735 |
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$ |
3,212,149 |
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$ |
3,034,781 |
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| Other current assets: |
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| Deferred costs of revenues |
$ |
223,829 |
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$ |
279,879 |
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| Prepaid expenses |
201,053 |
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124,969 |
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| Contract assets |
105,081 |
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69,259 |
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| Prepaid income and other taxes |
64,704 |
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102,398 |
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| Other current assets |
133,435 |
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82,822 |
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$ |
728,102 |
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$ |
659,327 |
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| Land, property and equipment, net: |
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| Land |
$ |
86,677 |
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$ |
78,260 |
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| Buildings and leasehold improvements |
1,132,176 |
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919,919 |
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| Machinery and equipment |
1,238,599 |
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1,116,793 |
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| Office furniture and fixtures |
73,993 |
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64,480 |
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| Construction-in-process |
207,807 |
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215,006 |
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2,739,252 |
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2,394,458 |
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| Less: accumulated depreciation |
(1,486,477) |
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(1,284,490) |
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$ |
1,252,775 |
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$ |
1,109,968 |
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| Other non-current assets: |
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| EDSP |
$ |
349,530 |
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$ |
303,365 |
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| Operating lease ROU assets |
269,714 |
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231,812 |
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| Other non-current assets |
154,370 |
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157,546 |
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$ |
773,614 |
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$ |
692,723 |
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| Other current liabilities: |
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| Customer deposits |
$ |
636,369 |
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$ |
645,893 |
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| Compensation and benefits |
418,515 |
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371,713 |
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| EDSP |
350,426 |
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303,088 |
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| Income taxes payable |
167,262 |
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146,740 |
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| Interest payable |
110,056 |
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128,727 |
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| Operating lease liabilities |
45,192 |
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36,391 |
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| Other liabilities and accrued expenses |
534,621 |
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431,017 |
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$ |
2,262,441 |
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$ |
2,063,569 |
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| Other non-current liabilities: |
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| Income taxes payable |
$ |
221,808 |
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$ |
291,106 |
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| Operating lease liabilities |
158,833 |
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153,117 |
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| Pension liabilities |
51,750 |
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51,778 |
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| Customer deposits |
6,823 |
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|
99,794 |
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| Other non-current liabilities |
170,418 |
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147,320 |
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$ |
609,632 |
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$ |
743,115 |
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Accumulated Other Comprehensive Income (Loss)
The components of AOCI as of the dates indicated below were as follows:
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| (In thousands) |
Currency Translation Adjustments |
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Unrealized Gains (Losses) on Available-for-Sale Securities |
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Unrealized Gains (Losses) on Derivatives |
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Unrealized Gains (Losses) on Defined Benefit Plans |
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Total |
| Balance as of June 30, 2025 |
$ |
(57,277) |
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$ |
5,792 |
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$ |
64,798 |
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$ |
(12,112) |
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$ |
1,201 |
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| Balance as of June 30, 2024 |
$ |
(75,846) |
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$ |
(3,654) |
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$ |
46,243 |
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$ |
(15,818) |
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$ |
(49,075) |
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The effects on net income of amounts reclassified from AOCI to our Consolidated Statements of Operations for the indicated periods were as follows (in thousands, amounts in parentheses indicate debits or reductions to earnings):
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Location in the Consolidated Statements of Operations |
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Year Ended June 30, |
| AOCI Components |
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2025 |
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2024 |
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2023 |
| Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |
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Revenues |
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$ |
7,466 |
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$ |
18,374 |
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$ |
31,837 |
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Costs of revenues and operating expenses |
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4,678 |
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3,766 |
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(6,526) |
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Interest expense |
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3,285 |
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3,764 |
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3,747 |
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Net gains reclassified from AOCI |
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$ |
15,429 |
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$ |
25,904 |
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$ |
29,058 |
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| Unrealized gains (losses) on available-for-sale securities |
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Other expense (income), net |
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$ |
59 |
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$ |
(103) |
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$ |
(986) |
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Consolidated Statements of Operations
The following table shows Other expense (income), net for the indicated periods:
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Year Ended June 30, |
| (In thousands) |
2025 |
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2024 |
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2023 |
| Other expense (income), net: |
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| Interest income |
$ |
(180,276) |
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$ |
(160,688) |
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$ |
(74,095) |
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| Foreign exchange (gains) losses, net |
2,964 |
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(7,268) |
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233 |
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| Net realized (gains) losses on sale of investments |
(59) |
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103 |
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986 |
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| Other |
5,884 |
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12,778 |
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(31,844) |
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$ |
(171,487) |
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$ |
(155,075) |
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$ |
(104,720) |
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