Annual report pursuant to Section 13 and 15(d)

FINANCIAL STATEMENT COMPONENTS (Tables)

v3.21.2
FINANCIAL STATEMENT COMPONENTS (Tables)
 12 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Condensed Balance Sheet
Consolidated Balance Sheets
  As of June 30,
(In thousands) 2021 2020
Accounts receivable, net:
Accounts receivable, gross $ 1,323,515  $ 1,119,235 
Allowance for credit losses (18,036) (11,822)
$ 1,305,479  $ 1,107,413 
Inventories:
Customer service parts $ 349,743  $ 338,608 
Raw materials 595,151  478,594 
Work-in-process 453,432  334,965 
Finished goods 177,054  158,818 
$ 1,575,380  $ 1,310,985 
Other current assets:
Contract assets $ 91,052  $ 99,876 
Deferred costs of revenue 59,953  77,219 
Prepaid expenses 76,649  74,955 
Prepaid income and other taxes 68,847  56,809 
Other current assets 24,366  15,816 
$ 320,867  $ 324,675 
Land, property and equipment, net:
Land $ 67,862  $ 67,858 
Buildings and leasehold improvements 458,605  405,238 
Machinery and equipment 743,710  677,627 
Office furniture and fixtures 32,856  29,964 
Construction-in-process 182,320  93,736 
1,485,353  1,274,423 
Less: accumulated depreciation (822,326) (754,599)
$ 663,027  $ 519,824 
Other non-current assets:
Executive Deferred Savings Plan $ 266,199  $ 213,487 
Operating lease right of use assets 102,883  100,790 
Other non-current assets 75,823  48,702 
$ 444,905  $ 362,979 
Other current liabilities:
Executive Deferred Savings Plan $ 268,028  $ 215,167 
Compensation and benefits 305,445  251,379 
Other accrued expenses 180,982  183,435 
Customer credits and advances 250,784  114,896 
Income taxes payable 87,320  35,640 
Interest payable 36,135  36,265 
Operating lease liabilities 32,322  28,994 
$ 1,161,016  $ 865,776 
Other non-current liabilities:
Pension liabilities $ 87,602  $ 78,911 
Income taxes payable 333,866  383,447 
Operating lease liabilities 70,739  70,885 
Other non-current liabilities 139,083  139,041 
$ 631,290  $ 672,284 
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of AOCI as of the dates indicated below were as follows:
(In thousands) Currency Translation Adjustments Unrealized Gains (Losses) on Available-for-Sale Securities Unrealized Gains (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Defined Benefit Plans Total
Balance as of June 30, 2021 $ (32,563) $ 595  $ (20,092) $ (23,497) $ (75,557)
Balance as of June 30, 2020 $ (43,957) $ 3,683  $ (23,250) $ (16,250) $ (79,774)
Reclassification out of Accumulated Other Comprehensive Income
The effects on net income of amounts reclassified from AOCI to the Consolidated Statements of Operations for the indicated periods were as follows (in thousands):
Location in the Consolidated Statements of Operations Year Ended June 30,
AOCI Components 2021 2020 2019
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts(1)
Revenues $ 384  $ 4,086  $ 4,329 
Costs of revenues and operating expenses 551  (1,377) (739)
Interest expense (1,116) (637) 424 
Other expense (income), net —  —  4 
Net gains (losses) reclassified from AOCI $ (181) $ 2,072  $ 4,018 
Unrealized gains (losses) on available-for-sale securities Other expense (income), net $ 253  $ 297  $ (1,294)
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(1)Reflects the adoption of the new accounting guidance for hedge accounting in the second quarter of fiscal year 2019. For additional details, refer to Note 17 “Derivative Instruments and Hedging Activities.”
Schedule of Consolidated Statements of Operations
Consolidated Statements of Operations
The following table shows other expense (income), net for the indicated periods:
  Year Ended June 30,
(In thousands) 2021 2020 2019
Other expense (income), net:
Interest income $ (8,929) $ (21,646) $ (40,367)
Foreign exchange (gains) losses, net 5,005  4,236  (322)
Net realized losses (gains) on sale of investments (253) (297) 1,294 
Other (25,125) 20,385  7,933 
$ (29,302) $ 2,678  $ (31,462)