SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
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12 Months Ended |
Jun. 30, 2021 |
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| Segment Reporting [Abstract] |
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| Schedule of Results for Reportable Segments |
The following is a summary of results for each of our four reportable segments for the indicated periods:
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Year Ended June 30, |
| (In thousands) |
2021 |
|
2020 |
|
2019 |
| Semiconductor Process Control: |
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| Revenues |
$ |
5,734,825 |
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|
$ |
4,745,446 |
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|
$ |
4,080,822 |
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| Segment gross margin |
$ |
3,705,222 |
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|
$ |
3,028,167 |
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|
$ |
2,590,434 |
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| Specialty Semiconductor Process: |
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| Revenues |
$ |
369,216 |
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|
$ |
329,700 |
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|
$ |
151,164 |
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| Segment gross margin |
$ |
206,706 |
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|
$ |
183,641 |
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|
$ |
78,800 |
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| PCB, Display and Component Inspection: |
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| Revenues |
$ |
812,620 |
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|
$ |
727,451 |
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|
$ |
332,810 |
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| Segment gross margin |
$ |
390,571 |
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|
$ |
315,723 |
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$ |
155,765 |
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| Other: |
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| Revenues |
$ |
739 |
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|
$ |
3,614 |
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|
$ |
4,676 |
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| Segment gross margin |
$ |
(68) |
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|
$ |
(63) |
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|
$ |
1,102 |
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| Totals: |
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| Revenues for reportable segments |
$ |
6,917,400 |
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$ |
5,806,211 |
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$ |
4,569,472 |
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| Segment gross margin |
$ |
4,302,431 |
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|
$ |
3,527,468 |
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|
$ |
2,826,101 |
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| Reconciliation of Total Reportable Segments Revenue to Total Revenue |
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
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Year Ended June 30, |
| (In thousands) |
2021 |
|
2020 |
|
2019 |
| Total revenues for reportable segments |
$ |
6,917,400 |
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|
$ |
5,806,211 |
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|
$ |
4,569,472 |
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| Corporate allocations and effects of foreign exchange rates |
1,334 |
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|
213 |
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(568) |
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| Total revenues |
$ |
6,918,734 |
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|
$ |
5,806,424 |
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|
$ |
4,568,904 |
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| 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:
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Year Ended June 30, |
| (In thousands) |
2021 |
|
2020 |
|
2019 |
| Total segment gross margin |
$ |
4,302,431 |
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|
$ |
3,527,468 |
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|
$ |
2,826,101 |
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Acquisition-related charges, corporate allocations and effects of foreign exchange rates(1)
|
155,862 |
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|
170,605 |
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|
126,574 |
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| Research and development |
928,487 |
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863,864 |
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|
711,030 |
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| Selling, general and administrative |
729,602 |
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|
734,149 |
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|
599,124 |
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| Goodwill impairment |
— |
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|
256,649 |
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|
— |
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| Interest expense |
157,328 |
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|
160,274 |
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|
124,604 |
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| Loss on extinguishment of debt |
— |
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|
22,538 |
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— |
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| Other expense (income), net |
(29,302) |
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|
2,678 |
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(31,462) |
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| Income before income taxes |
$ |
2,360,454 |
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$ |
1,316,711 |
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$ |
1,296,231 |
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__________________ (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.
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| Schedule of Revenues by Geographic Region |
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
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| (Dollar amounts in thousands) |
Year Ended June 30, |
| 2021 |
|
2020 |
|
2019 |
| Revenues: |
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| China |
$ |
1,831,446 |
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|
26 |
% |
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$ |
1,495,977 |
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26 |
% |
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$ |
1,215,807 |
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27 |
% |
| Taiwan |
1,690,558 |
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|
25 |
% |
|
1,598,201 |
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27 |
% |
|
1,105,726 |
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|
24 |
% |
| Korea |
1,343,473 |
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|
19 |
% |
|
911,848 |
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16 |
% |
|
584,091 |
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|
13 |
% |
| North America |
765,974 |
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11 |
% |
|
651,328 |
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11 |
% |
|
596,452 |
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13 |
% |
| Japan |
639,381 |
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|
9 |
% |
|
660,772 |
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|
11 |
% |
|
581,529 |
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13 |
% |
| Europe and Israel |
396,422 |
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6 |
% |
|
322,085 |
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6 |
% |
|
305,924 |
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7 |
% |
| Rest of Asia |
251,480 |
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4 |
% |
|
166,213 |
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3 |
% |
|
179,375 |
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3 |
% |
| Total |
$ |
6,918,734 |
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|
100 |
% |
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$ |
5,806,424 |
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100 |
% |
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$ |
4,568,904 |
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|
100 |
% |
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| Schedule of Revenues by Major Products |
The following is a summary of revenues by major products for the indicated periods:
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| (Dollar amounts in thousands) |
Year ended June 30, |
| 2021 |
|
2020 |
|
2019 |
| Revenues: |
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| Wafer Inspection |
$ |
2,661,167 |
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|
39 |
% |
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$ |
2,080,484 |
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36 |
% |
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$ |
1,630,899 |
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36 |
% |
| Patterning |
1,505,990 |
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22 |
% |
|
1,278,382 |
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22 |
% |
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1,161,263 |
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|
25 |
% |
| Specialty Semiconductor Process |
304,627 |
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4 |
% |
|
269,667 |
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5 |
% |
|
129,854 |
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3 |
% |
| PCB, Display and Component Inspection |
562,104 |
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|
8 |
% |
|
497,026 |
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9 |
% |
|
238,275 |
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5 |
% |
| Services |
1,678,418 |
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|
24 |
% |
|
1,477,699 |
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25 |
% |
|
1,176,661 |
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|
26 |
% |
| Other |
206,428 |
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3 |
% |
|
203,166 |
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3 |
% |
|
231,952 |
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|
5 |
% |
| Total |
$ |
6,918,734 |
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|
100 |
% |
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$ |
5,806,424 |
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|
100 |
% |
|
$ |
4,568,904 |
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|
100 |
% |
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| Schedule of Long-Lived Assets by Geographic Region |
Land, property and equipment, net by geographic region as of the dates indicated below were as follows:
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As of June 30, |
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| (In thousands) |
2021 |
|
2020 |
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| Land, property and equipment, net: |
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| United States |
$ |
447,359 |
|
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$ |
329,558 |
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| Singapore |
76,882 |
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|
54,946 |
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| Israel |
57,403 |
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|
59,162 |
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| Europe |
56,895 |
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|
58,065 |
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| Rest of Asia |
24,488 |
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|
18,093 |
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| Total |
$ |
663,027 |
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$ |
519,824 |
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