FINANCIAL STATEMENT COMPONENTS

12 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated Balance Sheets


	As of June 30,
(In thousands)	2022		2021
Accounts receivable, net:
Accounts receivable, gross	$	1,832,508	$	1,323,515
Allowance for credit losses	(20,631)		(18,036)
	$	1,811,877	$	1,305,479
Inventories:
Customer service parts	$	402,121	$	349,743
Raw materials	1,042,916		595,151
Work-in-process	451,782		453,432
Finished goods	250,070		177,054
	$	2,146,889	$	1,575,380
Other current assets:
Deferred costs of revenue	$	124,487	$	59,953
Contract assets	114,747		91,052
Prepaid expenses	108,942		76,649
Prepaid income and other taxes	89,713		68,847
Other current assets	64,248		24,366
	$	502,137	$	320,867
Land, property and equipment, net:
Land	$	67,846	$	67,862
Buildings and leasehold improvements	712,751		458,605
Machinery and equipment	819,191		743,710
Office furniture and fixtures	44,957		32,856
Construction-in-process	110,079		182,320
	1,754,824		1,485,353
Less: accumulated depreciation	(904,895)		(822,326)
	$	849,929	$	663,027
Other non-current assets:
EDSP	$	224,188	$	266,199
Operating lease ROU assets	126,444		102,883
Other non-current assets	133,980		75,823
	$	484,612	$	444,905
Other current liabilities:
Customer credits and advances	$	515,118	$	250,784
Compensation and benefits	351,924		305,445
Other accrued expenses	253,265		180,982
EDSP	225,867		268,028
Income taxes payable	126,964		87,320
Interest payable	39,683		36,135
Operating lease liabilities	32,218		32,322
	$	1,545,039	$	1,161,016


Other non-current liabilities:
Income taxes payable	$	367,052	$	333,866
Customer credits and advances	204,914		—
Operating lease liabilities	81,369		70,739
Pension liabilities	78,525		87,602
Other non-current liabilities	150,782		139,083
	$	882,642	$	631,290

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 Derivatives		Unrealized Gains (Losses) on Defined Benefit Plans		Total
Balance as of June 30, 2022	$	(43,886)	$	(15,486)	$	56,836	$	(24,935)	$	(27,471)

Balance as of June 30, 2021	$	(32,563)	$	595	$	(20,092)	$	(23,497)	$	(75,557)

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		2022		2021		2020
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts	Revenues	$	10,688	$	384	$	4,086
	Costs of revenues and operating expenses	(3,762)		551		(1,377)
	Interest expense	(1,007)		(1,116)		(637)

	Net gains (losses) reclassified from AOCI	$	5,919	$	(181)	$	2,072

Unrealized gains (losses) on available-for-sale securities	Other expense (income), net	$	(306)	$	253	$	297

The amounts reclassified out of AOCI related to our defined benefit pension plans, which were recognized as a component of net periodic cost for the fiscal years ended June 30, 2022, 2021 and 2020 were $1.4 million, $1.2 million and $1.2 million, respectively. For additional details, refer to Note 13 “Employee Benefit Plans.”

Consolidated Statements of Operations

The following table shows other expense (income), net for the indicated periods:


	Year Ended June 30,
(In thousands)	2022		2021		2020
Other expense (income), net:
Interest income	$	(8,695)	$	(8,929)	$	(21,646)
Foreign exchange losses, net	3,925		5,005		4,236
Net realized losses (gains) on sale of investments	306		(253)		(297)
Other	9,069		(25,125)		20,385
	$	4,605	$	(29,302)	$	2,678