Segment Information (Tables)

12 Months Ended

Jun. 30, 2023

Schedule of Revenue by Segment and Reconciling Items

The table below presents a reconciliation of net revenues, depreciation and amortization and net operating profit by reportable segments for the years ended June 30, 2023, 2022 and 2021 (in thousands):


	2023		2022		2021
Net revenue by segment
Sleep and Respiratory Care	$	3,725,017	$	3,177,298	$	2,823,235
Software as a Service	497,976		400,829		373,590
Total	$	4,222,993	$	3,578,127	$	3,196,825

Depreciation and amortization by segment
Sleep and Respiratory Care	$	82,544	$	79,367	$	73,151
Software as a Service	9,119		7,315		5,230
Amortization of acquired intangible assets and corporate assets	73,493		72,927		78,377
Total	$	165,156	$	159,609	$	156,758

Net operating profit by segment
Sleep and Respiratory Care	$	1,502,475	$	1,311,559	$	1,170,305
Software as a Service	115,529		93,044		92,357
Total	$	1,618,004	$	1,404,603	$	1,262,662

Reconciling items
Corporate costs	$	393,591	$	331,725	$	268,874
Amortization of acquired intangible assets	72,416		70,728		76,205
Restructuring expenses	9,177		—		13,905

Acquisition related expenses	10,949		1,864		—
Interest expense (income), net	47,379		22,312		23,627
Loss attributable to equity method investments	7,265		8,486		11,205
(Gain) loss on equity investments	(9,922)		12,202		(14,515)
Gain on insurance recoveries	(20,227)		—		—
Other, net	5,712		(3,197)		(301)
Income before income taxes	$	1,101,664	$	960,483	$	883,662

Schedule of Revenue by Segment, Product, and Region

The following table summarizes our net revenue disaggregated by segment, product and region for the years ended June 30, 2023, 2022 and 2021 (in thousands):


	2023		2022		2021
U.S., Canada and Latin America
Devices	$	1,444,361	$	1,070,420	$	863,661
Masks and other	1,039,026		911,387		841,452
Total U.S., Canada and Latin America	$	2,483,387	$	1,981,807	$	1,705,113

Combined Europe, Asia and other markets
Devices	$	826,341	$	796,488	$	746,379
Masks and other	415,289		399,003		371,743
Total Combined Europe, Asia and other markets	$	1,241,630	$	1,195,491	$	1,118,122

Global revenue
Devices	$	2,270,702	$	1,866,908	$	1,610,040
Masks and other	1,454,315		1,310,390		1,213,195
Total Sleep and Respiratory Care	$	3,725,017	$	3,177,298	$	2,823,235
Software as a Service	497,976		400,829		373,590
Total	$	4,222,993	$	3,578,127	$	3,196,825

Schedule of Revenue by Geographic Area

Revenue information by geographic area for the years ended June 30, 2023, 2022 and 2021 is summarized below (in thousands):


	2023		2022		2021
United States	$	2,719,923	$	2,249,381	$	1,962,721
Rest of the World	1,503,070		1,328,746		1,234,104
Total	$	4,222,993	$	3,578,127	$	3,196,825

Schedule of Long-Lived Assets by Geographic Areas

Long-lived assets by geographic area as of June 30, 2023 and 2022 is summarized below (in thousands):


	2023		2022
Australia	$	200,752	$	192,833
United States	164,448		169,090
Singapore	83,711		72,821
Rest of the World	88,945		63,437
Total	$	537,856	$	498,181