FINANCIAL STATEMENT COMPONENTS

12 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated Balance Sheets


	As of June 30,
(In thousands)	2023		2022
Accounts receivable, net:
Accounts receivable, gross	$	1,786,993	$	1,832,508
Allowance for credit losses	(33,632)		(20,631)
	$	1,753,361	$	1,811,877
Inventories:
Customer service parts	$	524,096	$	402,121
Raw materials	1,559,202		1,042,916
Work-in-process	578,864		451,782
Finished goods	214,622		250,070
	$	2,876,784	$	2,146,889
Other current assets:
Deferred costs of revenue	$	133,067	$	124,487
Contract assets	117,137		114,747
Prepaid expenses	121,204		108,942
Prepaid income and other taxes	64,901		89,713
Other current assets	62,419		64,248
	$	498,728	$	502,137
Land, property and equipment, net:
Land	$	72,287	$	67,846
Buildings and leasehold improvements	825,975		712,751
Machinery and equipment	1,016,713		819,191
Office furniture and fixtures	58,036		44,957
Construction-in-process	168,817		110,079
	2,141,828		1,754,824
Less: accumulated depreciation	(1,109,987)		(904,895)
	$	1,031,841	$	849,929
Other non-current assets:
EDSP	$	256,846	$	224,188
Operating lease ROU assets	208,706		126,444
Other non-current assets	171,910		133,980
	$	637,462	$	484,612
Other current liabilities:
Customer deposits	$	769,000	$	394,016
Compensation and benefits	370,536		351,924
EDSP	258,223		225,867
Income taxes payable	383,012		126,964
Interest payable	105,270		39,683
Operating lease liabilities	34,042		32,218
Other liabilities and accrued expenses	383,407		374,367
	$	2,303,490	$	1,545,039


Other non-current liabilities:
Income taxes payable	$	322,113	$	367,052
Customer deposits	156,874		204,914
Operating lease liabilities	138,354		81,369
Pension liabilities	63,672		78,525
Other non-current liabilities	132,045		150,782
	$	813,058	$	882,642

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, 2023	$	(64,627)	$	(12,797)	$	59,944	$	(18,861)	$	(36,341)

Balance as of June 30, 2022	$	(43,886)	$	(15,486)	$	56,836	$	(24,935)	$	(27,471)

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, amounts in parentheses indicate debits or reductions to earnings):


	Location in the Consolidated Statements of Operations	Year Ended June 30,
AOCI Components		2023		2022		2021
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts	Revenues	$	31,837	$	10,688	$	384
	Costs of revenues and operating expenses	(6,526)		(3,762)		551
	Interest expense	3,747		(1,007)		(1,116)

	Net gains (losses) reclassified from AOCI	$	29,058	$	5,919	$	(181)

Unrealized gains (losses) on available-for-sale securities	Other expense (income), net	$	(986)	$	(306)	$	253

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, 2023, 2022 and 2021 were $1.7 million, $1.4 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)	2023		2022		2021
Other expense (income), net:
Interest income	$	(74,095)	$	(8,695)	$	(8,929)
Foreign exchange losses, net	233		3,925		5,005
Net realized losses (gains) on sale of investments	986		306		(253)
Other	(31,844)		9,069		(25,125)
	$	(104,720)	$	4,605	$	(29,302)