XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net revenue $ 1,196,980 $ 1,116,898 $ 3,462,102 $ 3,100,936
Cost of sales (exclusive of amortization shown separately below) 496,387 490,824 1,497,350 1,340,660
Amortization of acquired intangible assets 7,812 8,322 24,976 22,001
Total cost of sales 504,199 499,146 1,522,326 1,362,661
Gross profit 692,781 617,752 1,939,776 1,738,275
Operating Expenses        
Selling, general, and administrative 229,919 228,457 674,948 633,317
Research and development 77,074 76,436 226,664 209,498
Amortization of acquired intangible assets 11,204 12,188 35,259 29,701
Restructuring expenses (note 11) 0 0 64,228 0
Acquisition related expenses 0 0 0 9,157
Total operating expenses 318,197 317,081 1,001,099 881,673
Income from operations 374,584 300,671 938,677 856,602
Other income (loss), net:        
Interest (expense) income, net (11,026) (14,964) (39,787) (32,436)
Gain (loss) attributable to equity method investments (note 5) 440 (183) (2,716) (5,037)
Gain on equity investments (note 5) 13,919 6,418 11,429 11,506
Other, net (2,496) (2,564) (537) (5,773)
Total other income (loss), net 837 (11,293) (31,611) (31,740)
Income before income taxes 375,421 289,378 907,066 824,862
Income taxes 74,929 56,878 178,351 156,970
Net income $ 300,492 $ 232,500 $ 728,715 $ 667,892
Basic earnings per share (in dollars per share) $ 2.04 $ 1.58 $ 4.96 $ 4.55
Diluted earnings per share (in dollars per share) 2.04 1.58 4.94 4.53
Dividend declared per share (in dollars per share) $ 0.48 $ 0.44 $ 1.44 $ 1.32
Basic shares outstanding (000's) (in shares) 146,959 146,914 147,056 146,681
Diluted shares outstanding (000's) (in shares) 147,450 147,395 147,549 147,400
Total Sleep and Respiratory Care        
Net revenue $ 1,049,023 $ 980,116 $ 3,029,915 $ 2,741,541
Cost of sales (exclusive of amortization shown separately below) 448,434 443,925 1,353,615 1,214,072
Amortization of acquired intangible assets 1,054 1,367 4,294 3,939
Software as a Service        
Net revenue 147,957 136,782 432,187 359,395
Cost of sales (exclusive of amortization shown separately below) 47,953 46,899 143,735 126,588
Amortization of acquired intangible assets $ 6,758 $ 6,955 $ 20,682 $ 18,062