Segment Reporting and Geographic Information (Tables)
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9 Months Ended |
Mar. 31, 2020 |
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| Segment Reporting [Abstract] |
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| Summary Of Results for Reportable Segments |
The following is a summary of results for each of our four reportable segments for the indicated periods:
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Three Months Ended
March 31, |
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Nine Months Ended
March 31, |
(In thousands) |
2020 |
|
2019 |
|
2020 |
|
2019 |
Semiconductor Process Control: |
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Revenue |
$ |
1,177,777 |
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|
$ |
914,305 |
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|
$ |
3,588,839 |
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|
$ |
3,078,277 |
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Segment gross margin |
752,649 |
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|
565,291 |
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2,290,721 |
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|
1,969,641 |
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Specialty Semiconductor Process: |
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Revenue |
85,083 |
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|
84,388 |
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|
229,328 |
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|
84,388 |
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Segment gross margin |
47,187 |
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|
45,296 |
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|
126,684 |
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|
45,296 |
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PCB, Display and Component Inspection: |
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|
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|
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Revenue |
160,411 |
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|
98,462 |
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|
525,242 |
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|
148,187 |
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Segment gross margin |
71,163 |
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|
45,912 |
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|
229,769 |
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|
67,000 |
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Other: |
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Revenue |
469 |
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|
151 |
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|
3,217 |
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|
151 |
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Segment gross margin |
(271 |
) |
|
3 |
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|
499 |
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|
3 |
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Totals: |
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Revenue |
$ |
1,423,740 |
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|
$ |
1,097,306 |
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|
$ |
4,346,626 |
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|
$ |
3,311,003 |
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Segment gross margin |
$ |
870,728 |
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|
$ |
656,502 |
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|
$ |
2,647,673 |
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|
$ |
2,081,940 |
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| Reconciliation of Total Reportable Segments Revenue to Total Revenue |
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
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Three Months Ended
March 31, |
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Nine Months Ended
March 31, |
(In thousands) |
2020 |
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2019 |
|
2020 |
|
2019 |
Total revenue for reportable segments |
$ |
1,423,740 |
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|
$ |
1,097,306 |
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|
$ |
4,346,626 |
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|
$ |
3,311,003 |
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Corporate allocations and effects of foreign exchange rates |
224 |
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|
5 |
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|
205 |
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|
(534 |
) |
Total revenue |
$ |
1,423,964 |
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|
$ |
1,097,311 |
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|
$ |
4,346,831 |
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$ |
3,310,469 |
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| Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes |
The following table reconciles total segment gross margin to total income before income taxes for the indicated periods:
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Three Months Ended
March 31, |
|
Nine Months Ended
March 31, |
(In thousands) |
2020 |
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2019 |
|
2020 |
|
2019 |
Total segment gross margin |
$ |
870,728 |
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|
$ |
656,502 |
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|
$ |
2,647,673 |
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|
$ |
2,081,940 |
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Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1)
|
36,922 |
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|
46,136 |
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|
128,859 |
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|
48,063 |
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Research and development |
215,433 |
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|
184,887 |
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|
646,764 |
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|
504,320 |
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Selling, general and administrative |
185,760 |
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|
182,184 |
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|
566,358 |
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|
409,084 |
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Goodwill impairment |
256,649 |
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|
— |
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|
256,649 |
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|
— |
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Interest expense |
39,231 |
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|
31,187 |
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|
120,053 |
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|
84,087 |
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Loss on extinguishment of debt |
22,538 |
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— |
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|
22,538 |
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— |
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Other expense (income), net |
(1,004 |
) |
|
(9,282 |
) |
|
(5,190 |
) |
|
(28,535 |
) |
Income before income taxes |
$ |
115,199 |
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$ |
221,390 |
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$ |
911,642 |
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$ |
1,064,921 |
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__________________
(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.
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| Revenues by Geographic Region |
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
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(Dollar amounts in thousands) |
Three Months Ended March 31, |
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Nine Months Ended March 31, |
2020 |
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2019 |
|
2020 |
|
2019 |
Revenues: |
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Taiwan |
$ |
349,841 |
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|
24 |
% |
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$ |
275,507 |
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|
25 |
% |
|
$ |
1,183,653 |
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|
27 |
% |
|
$ |
796,478 |
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|
24 |
% |
China |
352,343 |
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|
25 |
% |
|
206,164 |
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|
19 |
% |
|
1,079,951 |
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|
25 |
% |
|
816,176 |
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|
25 |
% |
Japan |
152,984 |
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|
11 |
% |
|
146,069 |
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|
13 |
% |
|
553,999 |
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|
13 |
% |
|
461,930 |
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|
14 |
% |
Korea |
297,687 |
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|
21 |
% |
|
196,490 |
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|
18 |
% |
|
677,085 |
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|
16 |
% |
|
476,959 |
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|
14 |
% |
North America |
159,250 |
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|
11 |
% |
|
156,824 |
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|
14 |
% |
|
499,750 |
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|
11 |
% |
|
409,066 |
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|
12 |
% |
Europe and Israel |
76,021 |
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|
5 |
% |
|
76,054 |
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|
7 |
% |
|
232,870 |
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|
5 |
% |
|
228,341 |
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|
7 |
% |
Rest of Asia |
35,838 |
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3 |
% |
|
40,203 |
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4 |
% |
|
119,523 |
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3 |
% |
|
121,519 |
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|
4 |
% |
Total |
$ |
1,423,964 |
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|
100 |
% |
|
$ |
1,097,311 |
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|
100 |
% |
|
$ |
4,346,831 |
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|
100 |
% |
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$ |
3,310,469 |
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|
100 |
% |
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| Revenues by Major Products |
The following is a summary of revenues by major products for the indicated periods:
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(Dollar amounts in thousands) |
Three Months Ended March 31, |
|
Nine Months Ended March 31, |
2020 |
|
2019 |
|
2020 |
|
2019 |
Revenues: |
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|
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Wafer Inspection |
$ |
536,318 |
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|
38 |
% |
|
$ |
309,600 |
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|
28 |
% |
|
$ |
1,590,723 |
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|
37 |
% |
|
$ |
1,235,445 |
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|
37 |
% |
Patterning |
298,973 |
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|
21 |
% |
|
279,566 |
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|
25 |
% |
|
970,709 |
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|
22 |
% |
|
868,063 |
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|
26 |
% |
Specialty Semiconductor Process |
68,815 |
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|
5 |
% |
|
76,386 |
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|
7 |
% |
|
186,626 |
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|
4 |
% |
|
76,386 |
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|
2 |
% |
PCB, Display and Component Inspection |
103,811 |
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|
7 |
% |
|
68,143 |
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6 |
% |
|
353,406 |
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|
8 |
% |
|
111,974 |
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|
4 |
% |
Services |
372,868 |
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|
26 |
% |
|
304,087 |
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|
28 |
% |
|
1,093,210 |
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|
25 |
% |
|
835,817 |
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|
25 |
% |
Other |
43,179 |
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|
3 |
% |
|
59,529 |
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|
6 |
% |
|
152,157 |
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|
4 |
% |
|
182,784 |
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|
6 |
% |
Total |
$ |
1,423,964 |
|
|
100 |
% |
|
$ |
1,097,311 |
|
|
100 |
% |
|
$ |
4,346,831 |
|
|
100 |
% |
|
$ |
3,310,469 |
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|
100 |
% |
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| Long-Lived Assets by Geographic Region |
Land, property and equipment, net by geographic region as of the dates indicated below were as follows:
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(In thousands) |
As of
March 31, 2020 |
|
As of
June 30, 2019 |
Land, property and equipment, net: |
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|
United States |
$ |
310,730 |
|
|
$ |
253,255 |
|
Singapore |
51,091 |
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|
49,523 |
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Israel |
58,257 |
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|
66,082 |
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Europe |
59,034 |
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|
62,027 |
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Rest of Asia |
18,631 |
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|
17,912 |
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Total |
$ |
497,743 |
|
|
$ |
448,799 |
|
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