Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting and Geographic Information (Tables)

v3.19.3.a.u2
Segment Reporting and Geographic Information (Tables)
6 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Summary Of Results for Reportable Segments
The following is a summary of results for each of our four reportable segments for the indicated periods:
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
(In thousands)
2019
 
2018
 
2019
 
2018
Semiconductor Process Control:
 
 
 
 
 
 
 
Revenue
$
1,247,430

 
$
1,094,013

 
$
2,411,062

 
$
2,163,972

Segment gross margin
795,730

 
702,119

 
1,538,072

 
1,404,350

Specialty Semiconductor Process:
 
 
 
 
 
 
 
Revenue
75,106

 

 
144,245

 

Segment gross margin
41,333

 

 
79,497

 

PCB, Display and Component Inspection:
 
 
 
 
 
 
 
Revenue
186,279

 
26,110

 
364,831

 
49,725

Segment gross margin
82,538

 
10,555

 
158,606

 
21,088

Other:
 
 
 
 
 
 
 
Revenue
517

 

 
2,748

 

Segment gross margin
117

 

 
770

 

Totals:
 
 
 
 
 
 
 
Revenue
$
1,509,332

 
$
1,120,123

 
$
2,922,886

 
$
2,213,697

Segment gross margin
$
919,718

 
$
712,674

 
$
1,776,945

 
$
1,425,438


Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
(In thousands)
2019
 
2018
 
2019
 
2018
Total revenue for reportable segments
$
1,509,332

 
$
1,120,123

 
$
2,922,886

 
$
2,213,697

Corporate allocations and effects of foreign exchange rates
121

 
(225
)
 
(19
)
 
(539
)
Total revenue
$
1,509,453

 
$
1,119,898

 
$
2,922,867

 
$
2,213,158


Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes
The following table reconciles total segment gross margin to total income before income taxes for the indicated periods:
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
(In thousands)
2019
 
2018
 
2019
 
2018
Total segment gross margin
$
919,718

 
$
712,674

 
$
1,776,945

 
$
1,425,438

Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1)
43,883

 
1,036

 
91,937

 
1,927

Research and development
220,751

 
165,903

 
431,331

 
319,433

Selling, general and administrative
192,253

 
112,462

 
380,598

 
226,900

Interest expense
40,472

 
26,538

 
80,822

 
52,900

Other expense (income), net
(2,568
)
 
(9,228
)
 
(4,186
)
 
(19,253
)
Income before income taxes
$
424,927

 
$
415,963

 
$
796,443

 
$
843,531

__________________
(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.
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,
2019
 
2018
 
2019
 
2018
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Taiwan
$
447,083


30
%

$
266,534


24
%

$
833,812


28
%

$
520,971


24
%
China
381,752


25
%

269,878


24
%

727,608


25
%

610,012


28
%
Japan
194,804


13
%

180,283


16
%

401,015

 
14
%

315,861

 
14
%
Korea
181,948


12
%

126,968


11
%

379,398


13
%

280,469


13
%
North America
158,517


11
%

150,113


13
%

340,500


12
%

252,242


11
%
Europe and Israel
97,466


6
%

80,618


7
%

156,849


5
%

152,287


7
%
Rest of Asia
47,883


3
%

45,504


5
%

83,685


3
%

81,316


3
%
Total
$
1,509,453

 
100
%
 
$
1,119,898

 
100
%
 
$
2,922,867

 
100
%
 
$
2,213,158

 
100
%

Revenues by Major Products
The following is a summary of revenues by major products for the indicated periods:
(Dollar amounts in thousands)
Three Months Ended December 31,
 
Six Months Ended December 31,
2019
 
2018
 
2019
 
2018
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wafer Inspection
$
606,131

 
40
%
 
$
478,553

 
43
%
 
$
1,054,405

 
36
%
 
$
925,845

 
42
%
Patterning
289,078

 
19
%
 
284,496

 
25
%
 
671,736

 
23
%
 
588,497

 
26
%
Specialty Semiconductor Process
60,941

 
4
%
 

 
%
 
117,811

 
4
%
 

 
%
PCB, Display and Component Inspection
129,235

 
9
%
 
22,996

 
2
%
 
249,595

 
9
%
 
43,831

 
2
%
Services
364,903

 
24
%
 
267,697

 
24
%
 
720,342

 
24
%
 
531,730

 
24
%
Other
59,165

 
4
%
 
66,156

 
6
%
 
108,978

 
4
%
 
123,255

 
6
%
Total
$
1,509,453

 
100
%
 
$
1,119,898

 
100
%
 
$
2,922,867

 
100
%
 
$
2,213,158

 
100
%

Long-Lived Assets by Geographic Region
Land, property and equipment, net by geographic region as of the dates indicated below were as follows: 
(In thousands)
As of
December 31, 2019
 
As of
June 30, 2019
Land, property and equipment, net:
 
 
 
United States
$
297,938

 
$
253,255

Singapore
53,510

 
49,523

Israel
59,943

 
66,082

Europe
59,843

 
62,027

Rest of Asia
18,746

 
17,912

Total
$
489,980

 
$
448,799