Supplemental Balance Sheet and Cash Flow Information (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
|---|
| Notes Tables |
|
| Schedule of inventories |
Inventories consist of (in thousands):
|
|
|
|
|
|
|
|
|
June 30, |
|
|
2025 |
|
2024 |
|
|
|
|
|
|
|
Raw materials |
|
$ |
89,080 |
|
$ |
79,377 |
Finished goods(1) |
|
|
106,188 |
|
|
106,072 |
Inventories, net |
|
$ |
195,268 |
|
$ |
185,449 |
| (1) |
Finished goods inventory of $5,822 and $5,718 is included within Other assets in the June 30, 2025 and 2024 Consolidated Balance Sheets, respectively, as it is forecasted to be sold after the 12 months subsequent to the Consolidated Balance Sheets dates.
|
|
| Schedule of property and equipment |
Property and equipment consist of (in thousands):
|
|
|
|
|
|
|
|
|
June 30, |
|
|
2025 |
|
2024 |
Land |
|
$ |
8,151 |
|
$ |
8,150 |
Buildings and improvements |
|
|
254,355 |
|
|
243,863 |
Machinery and equipment |
|
|
245,924 |
|
|
215,948 |
Construction in progress |
|
|
23,420 |
|
|
39,749 |
Property and equipment, cost |
|
|
531,850 |
|
|
507,710 |
Accumulated depreciation and amortization |
|
|
(286,131) |
|
|
(256,556) |
Property and equipment, net |
|
$ |
245,719 |
|
$ |
251,154 |
|
| Schedule of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
Useful Life |
|
June 30, |
|
|
(years) |
|
2025 |
|
2024 |
|
|
|
|
|
|
|
|
|
Developed technology |
|
9 - 15 |
|
$ |
620,062 |
|
$ |
675,674 |
Trade names |
|
2 - 15 |
|
|
152,648 |
|
|
151,561 |
Customer relationships |
|
7 - 16 |
|
|
212,800 |
|
|
211,276 |
Patents |
|
10 |
|
|
4,967 |
|
|
4,343 |
Other intangibles |
|
5 - 15 |
|
|
7,174 |
|
|
12,006 |
Definite-lived intangible assets |
|
|
|
|
997,651 |
|
|
1,054,860 |
Accumulated amortization |
|
|
|
|
(632,052) |
|
|
(547,779) |
Total intangible assets, net |
|
|
|
$ |
365,599 |
|
$ |
507,081 |
|
| Schedule of changes in carrying amount of net intangible assets |
Changes to the carrying amount of net intangible assets consist of (in thousands):
|
|
|
|
|
|
|
|
|
June 30, |
|
|
2025 |
|
2024 |
|
|
|
|
|
|
|
Beginning balance |
|
$ |
507,081 |
|
$ |
534,645 |
Acquisitons |
|
|
— |
|
|
66,400 |
Other additions |
|
|
547 |
|
|
950 |
Amortization expense |
|
|
(76,043) |
|
|
(79,854) |
Restructuring impairment(1) |
|
|
(73,350) |
|
|
(14,323) |
Currency translation |
|
|
7,364 |
|
|
(737) |
Ending balance |
|
$ |
365,599 |
|
$ |
507,081 |
| (1) |
Refer to Note 14 for further detail on held-for-sale intangibles. |
|
| Schedule of estimated future amortization expense for intangible assets |
The estimated future amortization expense for intangible assets as of June 30, 2025 is as follows (in thousands):
|
|
|
|
2026 |
|
$ |
61,798 |
2027 |
|
|
58,705 |
2028 |
|
|
54,974 |
2029 |
|
|
40,876 |
2030 |
|
|
26,917 |
Thereafter |
|
|
122,329 |
Total |
|
$ |
365,599 |
|
| Schedule of changes to the carrying amount of goodwill |
Changes in goodwill by segment and in total consist of (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diagnostics and |
|
|
|
|
Protein Sciences |
|
Spatial Biology |
|
Total |
June 30, 2023 |
|
$ |
427,027 |
|
$ |
445,710 |
|
$ |
872,737 |
Acquisitions |
|
|
— |
|
|
104,650 |
|
|
104,650 |
Held-for-sale goodwill(1) |
|
|
(1,400) |
|
|
— |
|
|
(1,400) |
Currency translation |
|
|
(2,178) |
|
|
(1,146) |
|
|
(3,324) |
June 30, 2024 |
|
$ |
423,449 |
|
$ |
549,214 |
|
$ |
972,663 |
Held-for-sale goodwill(1) |
|
|
— |
|
|
(4,488) |
|
|
(4,488) |
Currency translation |
|
|
3,327 |
|
|
9,433 |
|
|
12,760 |
June 30, 2025 |
|
$ |
426,776 |
|
$ |
554,159 |
|
$ |
980,935 |
| (1) |
Refer to Note 14 for further detail on goodwill reclassified to current assets held-for-sale. |
|
| Schedule of other assets |
Other assets consist of (in thousands):
|
|
|
|
|
|
|
|
|
June 30, |
|
|
2025 |
|
2024 |
|
|
|
|
|
|
|
Equity method investment in Wilson Wolf |
|
$ |
235,983 |
|
$ |
242,337 |
Derivative instruments |
|
|
2,843 |
|
|
9,813 |
Long-term inventory |
|
|
5,822 |
|
|
5,718 |
Investment in Spear Bio |
|
|
15,000 |
|
|
— |
Other |
|
|
13,961 |
|
|
6,397 |
Other assets |
|
$ |
273,609 |
|
$ |
264,265 |
|
| Schedule of supplemental cash flow information |
Supplemental cash flow information is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
2025 |
|
2024 |
|
2023 |
Income taxes paid |
|
$ |
74,357 |
|
$ |
65,254 |
|
$ |
88,428 |
Interest paid |
|
|
18,955 |
|
|
14,502 |
|
|
8,368 |
|