Quarterly report pursuant to Section 13 or 15(d)

Financial Statement Components (Tables)

v3.10.0.1
Financial Statement Components (Tables)
6 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components
Consolidated Balance Sheets
(In thousands)
As of
December 31, 2018
As of
June 30, 2018
Accounts receivable, net:
Accounts receivable, gross
$
669,650

$
663,317

Allowance for doubtful accounts
(11,570
)
(11,639
)
$
658,080

$
651,678

Inventories:
Customer service parts
$
275,045

$
253,639

Raw materials
340,253

331,065

Work-in-process
305864年

280,208

Finished goods
84,828

66,933

$
1,005,990

$
931,845

Other current assets:
Contract assets
$
23,316

$

Deferred costs of revenue (1)
32,821


Prepaid expenses
48,411

47,088

Prepaid income and other taxes
12,181

23,452

Other current assets
10,621

14,619

$
127,350

$
85,159

Land, property and equipment, net:
Land
$
40,593

$
40,599

Buildings and leasehold improvements
340,722

335,647

Machinery and equipment
602,387

577,077

Office furniture and fixtures
22,569

22,171

建设- - - - - -in-process
16,360

9,180

1,022,631

984,674

Less: accumulated depreciation
(716,280
)
(698,368
)
$
306,351

$
286,306

Other non-current assets:
Executive Deferred Savings Plan (2)
$
181,103

$
197,213

Other non-current assets
22,897

19,606

$
204,000

$
216,819

Other current liabilities:
Executive Deferred Savings Plan (2)
$
181,976

$
199,505

Compensation and benefits
230,079

177,587

Other accrued expenses
107,644

123,869

Customer credits and advances
144,408

116,440

Warranty
666

42,258

Income taxes payable
33,153

23,287

Interest payable
16,947

16,947

$
714,873

$
699,893

Other non-current liabilities:
Income taxes payable
$
341,745

$
371,665

Pension liabilities
67,139

66,786

Other non-current liabilities
37,395

32,912

$
446,279

$
471,363

________________
(1)
Deferred costs of revenue were previously included under deferred system profit prior to the adoption of ASC 606.
(2)
We have a non-qualified deferred compensation plan (known as “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The expense (benefit) associated with changes in the EDSP liability included in selling, general and administrative expense was $(19.8) million and $7.0 million during the three months ended December 31, 2018 and 2017 , respectively and was $(12.3) million and $13.8 million during the six months ended December 31, 2018 and 2017 , respectively. The amount of net gains (losses) associated with changes in the EDSP assets included in selling, general and administrative expense was $(19.4) million and $7.0 million during the three months ended December 31, 2018 and 2017 , respectively and was $(12.0) million and $13.9 million the six months ended December 31, 2018 and 2017 , respectively. For additional details, refer to Note 1, “Description of Business and Summary of Significant Accounting Policies,” of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2018 .
Components of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) (“OCI”) 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 Cash Flow Hedges
Unrealized Gains (Losses) on Defined Benefit Plans
Total
Balance as of December 31, 2018
$
(43,041
)
$
(6,736
)
$
(4,402
)
$
(16,268
)
$
(70447
)
Balance as of June 30, 2018
$
(29,974
)
$
(11,032
)
$
1,932

$
(14,859
)
$
(53,933
)
Reclassification out of Accumulated Other Comprehensive Income
The effects on net income (loss) of amounts reclassified from accumulated OCI to the Condensed Consolidated Statement of Operations for the indicated period were as follows (in thousands):
Location in the Condensed Consolidated
Three months ended
December 31,
Six months ended
December 31,
Accumulated OCI Components
Statements of Operations
2018
2017
2018
2017
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts (1)
Revenues
$
1,705

$
397

$
2,688

$
1,365

Costs of revenues
(158
)
377

(292
)
1,338

Interest expense
189

189

377

378

Net gains (losses) reclassified from accumulated OCI
$
1,736

$
963

$
2,773

$
3,081

Unrealized gains (losses) on available-for-sale securities
Other expense (income), net
$
(469
)
$
(69
)
$
(950
)
$
(63
)

__________________
(1)
Reflects the adoption of the new accounting guidance for hedge accounting in the second quarter of fiscal year 2019. For additional details, refer to Note 15, “Derivative Instruments and Hedging Activities.”
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