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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Net revenue $ 1,033,744,000 $ 894,874,000 $ 1,984,038,000 $ 1,798,890,000
Cost of sales (exclusive of amortization shown separately below) 446,724,000 379,325,000 849,834,000 765,993,000
Amortization of acquired intangible assets 7,305,000 11,231,000 13,680,000 22,289,000
Total cost of sales 454,029,000 390,556,000 863,514,000 788,282,000
Gross profit 579,715,000 504,318,000 1,120,524,000 1,010,608,000
Operating Expenses        
Selling, general, and administrative 211,672,000 185,362,000 404,860,000 362,082,000
Research and development 69,874,000 62,507,000 133,062,000 122,457,000
Amortization of acquired intangible assets 9,563,000 7,738,000 17,513,000 15,445,000
Acquisition related expenses 8,412,000 0 9,157,000 0
Total operating expenses 299,521,000 255,607,000 564,592,000 499,984,000
Income from operations 280,194,000 248,711,000 555,932,000 510,624,000
Other income (loss), net:        
Interest (expense) income, net (10,338,000) (5,948,000) (17,472,000) (11,308,000)
Loss attributable to equity method investments (note 5) (2,826,000) (1,914,000) (4,853,000) (3,300,000)
Gain (loss) on equity investments (note 5) 8,368,000 (4,404,000) 5,088,000 1,208,000
Other, net (1,707,000) 841,000 (3,211,000) (1,150,000)
Total other income (loss), net (6,503,000) (11,425,000) (20,448,000) (14,550,000)
Income before income taxes 273,691,000 237,286,000 535,484,000 496,074,000
Income taxes 48,777,000 35,535,000 100,092,000 90,710,000
Net income $ 224,914,000 $ 201,751,000 $ 435,392,000 $ 405,364,000
Basic earnings per share (dollars per share) $ 1.53 $ 1.38 $ 2.97 $ 2.78
Diluted earnings per share (dollars per share) 1.53 1.37 2.95 2.76
Dividend declared per share (dollars per share) $ 0.44 $ 0.42 $ 1.68 $ 0.84
Basic shares outstanding (000's) (shares) 146,704 145,990 146,568 145,835
Diluted shares outstanding (000's) (shares) 147,405 147,040 147,367 147,044
Total Sleep and Respiratory Care        
Net revenue $ 916,981,000 $ 795,840,000 $ 1,761,424,000 $ 1,602,339,000
Cost of sales (exclusive of amortization shown separately below) 406,303,000 343,194,000 770,146,000 692,876,000
Amortization of acquired intangible assets 1,343,000 1,072,000 2,572,000 1,972,000
Software as a Service        
Net revenue 116,763,000 99,034,000 222,614,000 196,551,000
Cost of sales (exclusive of amortization shown separately below) 40,421,000 36,131,000 79,688,000 73,117,000
Amortization of acquired intangible assets $ 5,962,000 $ 10,159,000 $ 11,108,000 $ 20,317,000