Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.22.4
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Dec. 31, 2022
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) 2022 2021 2022 2021
Semiconductor Process Control:
Revenues $ 2,657,395  $ 2,052,202  $ 5,055,154  $ 3,831,285 
Segment gross profit 1,678,037  1,342,937  3,255,019  2,504,866 
Specialty Semiconductor Process:
Revenues 158,085  112,738  285,952  214,767 
Segment gross profit 84,040  60,274  151,080  114,995 
PCB, Display and Component Inspection:
Revenues 169,959  187,977  370,704  390,785 
Segment gross profit 53,864  82,322  139,538  176,798 
Totals:
Revenues for reportable segments $ 2,985,439  $ 2,352,917  $ 5,711,810  $ 4,436,837 
Segment gross profit $ 1,815,941  $ 1,485,533  $ 3,545,637  $ 2,796,659 
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total revenues for reportable segments to total revenues for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2022 2021 2022 2021
Total revenues for reportable segments $ 2,985,439  $ 2,352,917  $ 5,711,810  $ 4,436,837 
Corporate allocations and effects of changes in foreign currency exchange rates (1,552) (287) (3,499) (369)
Total revenues $ 2,983,887  $ 2,352,630  $ 5,708,311  $ 4,436,468 
Schedule of Reconciliation of Total Segment Gross Profit to Total Income Before Income Taxes
The following table reconciles total segment gross profit to total income before income taxes for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2022 2021 2022 2021
Total segment gross profit $ 1,815,941  $ 1,485,533  $ 3,545,637  $ 2,796,659 
Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates(1)
40,840  41,065  87,338  81,977 
R&D 332,826  265,031  651,341  523,184 
SG&A 243,096  213,479  497,076  406,740 
Interest expense 74,280  37,852  148,675  76,164 
Loss on extinguishment of debt —  —  13,286  — 
Other expense (income), net (18,074) 1,201  (65,080) 15,341 
Income before income taxes $ 1,142,973  $ 926,905  $ 2,213,001  $ 1,693,253 
__________________
(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.
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,
2022 2021 2022 2021
Revenues:
Taiwan $ 768,999  26  % $ 776,442  33  % $ 1,517,333  27  % $ 1,403,526  31  %
China 681,701  23  % 544,537  23  % 1,521,362  27  % 1,229,693  28  %
Korea 590,936  20  % 323,095  14  % 998,398  17  % 562,278  13  %
North America 366,641  12  % 271,594  12  % 600,395  10  % 449,334  10  %
Japan 269,746  9  % 196,282  8  % 487,455  9  % 371,449  8  %
Europe and Israel 169,614  5  % 175,195  7  % 333,687  6  % 262,635  6  %
Rest of Asia 136,250  5  % 65,485  3  % 249,681  4  % 157,553  4  %
Total $ 2,983,887  100  % $ 2,352,630  100  % $ 5,708,311  100  % $ 4,436,468  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,
2022 2021 2022 2021
Revenues:
Wafer Inspection $ 1,256,540  42  % $ 1,104,032  48  % $ 2,359,082  41  % $ 1,991,544  45  %
Patterning 861,262  29  % 508,785  22  % 1,594,632  28  % 948,376  21  %
Specialty Semiconductor Process 145,542  5  % 104,932  4  % 259,986  5  % 198,052  4  %
PCB, Display and Component Inspection 108,644  4  % 121,750  5  % 243,087  4  % 259,637  6  %
Services 520,479  17  % 456,861  19  % 1,049,294  18  % 910,811  21  %
Other 91,420  3  % 56,270  2  % 202,230  4  % 128,048  3  %
Total $ 2,983,887  100  % $ 2,352,630  100  % $ 5,708,311  100  % $ 4,436,468  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, 2022 June 30, 2022
Land, property and equipment, net:
United States $ 629,076  $ 547,454 
Singapore 154,655  146,057 
Israel 88,404  72,791 
Europe 55,621  55,370 
Rest of Asia 37,057  28,257 
Total $ 964,813  $ 849,929