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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Adjustments to Current Assets
| Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| Current assets | |||||||
| Adjustments | |||||||
| Add: Allowance for doubtful accounts | |||||||
| After Adjustment | |||||||
| Adjusted current assets | |||||||
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
The financial trajectory of current assets exhibits a period of volatility between 2021 and 2024, followed by a projected growth phase through 2026. Current assets experienced contractions in 2022 and 2024, while reflecting recovery or growth in 2023, 2025, and 2026. This fluctuating pattern suggests a dynamic management of short-term liquidity or shifts in working capital requirements during the initial four-year period.
- Asset Volatility and Recovery
- A downward trend is noted from June 30, 2021, to June 30, 2022, where current assets decreased from 184,406 million to 169,684 million. Although a recovery occurred in 2023, a further decline to 159,734 million was observed by June 30, 2024. However, a strong upward trend is projected for the subsequent periods, with assets expected to reach 207,710 million by June 30, 2026.
- Adjustment Analysis
- Adjusted current assets consistently exceed reported current assets across all observed periods. The variance between the reported and adjusted figures remains relatively stable but shows a gradual increase over time. The adjustment delta was 751 million in 2021 and is projected to grow to 1,040 million by 2026, indicating a slight widening of the adjustment gap relative to the base asset value.
- Projected Growth Magnitude
- The most significant acceleration in asset value is observed between June 30, 2024, and June 30, 2026. Current assets are projected to grow by approximately 29.9% during this two-year window, moving from 159,734 million to 207,710 million, suggesting an anticipated expansion in liquid resources or a strategic increase in short-term holdings.
Adjustments to Total Assets
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »
2 Long-term deferred income tax assets (included in Other long-term assets). See details »
A consistent upward trajectory is observed in both total assets and adjusted total assets over the period from June 30, 2021, to June 30, 2026. The total asset base expanded from US$ 333,779 million to US$ 758,376 million, indicating a substantial increase in the organization's resource base over the six-year span.
- Asset Growth Trends
- Total assets demonstrated an accelerating growth pattern, with the most significant absolute increases occurring in the latter half of the period. The growth between June 30, 2024, and June 30, 2026, shows a rapid escalation, culminating in a peak value of US$ 758,376 million.
- Adjusted Asset Correlation
- Adjusted total assets mirrored the growth trajectory of total assets, increasing from US$ 327,349 million in 2021 to US$ 744,302 million in 2026. The high degree of correlation between these two metrics suggests that the factors necessitating the adjustments scaled proportionally with the overall growth of the balance sheet for the majority of the period.
- Analysis of Adjustments
- The variance between total assets and adjusted total assets grew steadily from US$ 6,430 million in 2021 to a peak of US$ 28,164 million in 2025. However, a significant shift is observed by June 30, 2026, where the adjustment gap narrowed to US$ 14,074 million despite the continued increase in total assets. This reduction in the variance suggests a potential change in accounting treatment, a disposal of specific adjusted asset classes, or a strategic realignment of the balance sheet components.
Adjustments to Current Liabilities
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
An upward trend is observed in both reported current liabilities and adjusted current liabilities from June 30, 2021, through June 30, 2026. Total current liabilities exhibit steady growth, expanding from 88,657 million US$ to 168,825 million US$, while adjusted current liabilities increase from 47,132 million US$ to 95,860 million US$. The growth in obligations accelerates notably after 2023, indicating a significant expansion of short-term financial commitments in the latter half of the analyzed period.
- Growth Trajectory of Current Liabilities
- Current liabilities demonstrate a consistent year-over-year increase, with the most substantial nominal growth occurring between 2024 and 2026. The transition from 125,286 million US$ in 2024 to 168,825 million US$ in 2026 represents a marked acceleration in the accumulation of short-term obligations.
- Analysis of Adjusted Current Liabilities
- Adjusted current liabilities mirror the growth pattern of total liabilities but remain consistently lower. A sharp increase is noted between 2023 and 2024, where the figure rose from 53,248 million US$ to 67,704 million US$, suggesting a specific adjustment or structural change in liability composition during that interval.
- Liability Adjustment Variance
- The gap between total current liabilities and adjusted current liabilities widens in absolute terms over the period. In 2021, the difference was 41,525 million US$, increasing to 72,965 million US$ by 2026. Despite this widening absolute gap, the adjusted liabilities maintain a relatively stable proportion of the total current liabilities, generally fluctuating between 43% and 49%.
Adjustments to Total Liabilities
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Long-term deferred income tax liabilities. See details »
An upward trajectory is evident in both total and adjusted liabilities over the observed six-year period. The growth rate remained relatively stable between 2021 and 2023 before experiencing a sharp increase in 2024, followed by sustained double-digit growth through 2026.
- Total Liabilities Trend
- Total liabilities increased from 191,791 million in 2021 to 315,989 million by 2026. The most significant surge occurred between June 30, 2023, and June 30, 2024, where liabilities rose by approximately 18.4% in a single fiscal year.
- Adjusted Total Liabilities Trend
- Adjusted total liabilities followed a similar pattern, rising from 147,452 million in 2021 to 237,223 million in 2026. This metric also saw a marked acceleration starting in 2024, increasing by 19.4% during that period.
- Liability Variance Analysis
- The absolute gap between total liabilities and adjusted total liabilities widened steadily over the period. The difference grew from 44,339 million in 2021 to 78,766 million in 2026, suggesting a consistent increase in the volume of liabilities being excluded from the adjusted figures.
Adjustments to Stockholders’ Equity
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
1 Net deferred income tax assets (liabilities). See details »
A consistent and accelerating upward trajectory is evident in both reported and adjusted stockholders' equity from 2021 through 2026. The expansion of the capital base suggests a strong accumulation of net assets and a robust increase in the company's overall book value over the analyzed six-year period.
- Stockholders' Equity Growth
- Reported equity grew from 141,988 million USD in 2021 to 442,387 million USD in 2026. The growth rate accelerated significantly over time, with the most substantial annual increases occurring between 2024 and 2026, where the values consistently rose by approximately 28% to 30% per annum.
- Adjusted Stockholders' Equity Performance
- Adjusted equity consistently maintained a higher valuation than reported equity across all observed periods, rising from 179,897 million USD in 2021 to 507,079 million USD in 2026. This metric followed a similar growth pattern to the reported equity, reflecting a sustained increase in the adjusted net worth of the entity.
- Analysis of Equity Variance
- A positive variance exists between the adjusted and reported equity figures throughout the period. While this gap remained relatively stable between 2021 and 2023, a notable widening is observed from 2024 onward. The adjustment amount increased from 37,909 million USD in 2021 to 64,692 million USD by 2026, indicating that the underlying factors driving the adjustments have grown in magnitude relative to the base reported equity.
Adjustments to Capitalization Table
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Operating lease liabilities (included in Other current liabilities). See details »
3 Long-term operating lease liabilities. See details »
4 Net deferred income tax assets (liabilities). See details »
The capitalization structure exhibits a strong upward trajectory in both reported and adjusted metrics over the analyzed six-year period. Total reported capital expanded from US$ 212,675 million in 2021 to US$ 549,275 million by 2026, while adjusted total capital increased from US$ 262,175 million to US$ 635,892 million. This growth is characterized by a significant acceleration in capital accumulation starting in 2024.
- Debt Obligations and Trends
- Total reported debt experienced a slight contraction between 2021 and 2023, moving from US$ 70,687 million to US$ 64,304 million, before entering a phase of rapid increase to reach US$ 106,888 million by 2026. Adjusted total debt remains consistently higher than reported debt across all periods, indicating the inclusion of additional liabilities in the adjusted view. This adjusted figure rose from US$ 82,278 million in 2021 to US$ 128,813 million in 2026.
- Equity Growth Analysis
- Stockholders' equity demonstrates aggressive and consistent growth, rising from US$ 141,988 million in 2021 to US$ 442,387 million by 2026. Similarly, adjusted stockholders' equity increased from US$ 179,897 million to US$ 507,079 million over the same period. The rate of equity growth significantly outpaces the rate of debt increase, suggesting a strengthening of the overall solvency position.
- Capitalization Adjustments
- A systemic variance is observed between reported and adjusted values. The adjusted figures for debt, equity, and total capital are consistently higher than the reported values, suggesting that the adjustments account for off-balance sheet items or fair value revaluations. The absolute difference between reported and adjusted total capital expanded from US$ 49,500 million in 2021 to US$ 86,617 million in 2026, indicating that these adjustments scale in tandem with the company's overall growth.
Adjustments to Revenues
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
A consistent upward trend in both reported and adjusted revenue is observed from June 30, 2021, through June 30, 2026. Reported revenue expanded from US$ 168,088 million to US$ 331,839 million, indicating a sustained growth trajectory characterized by a temporary deceleration in 2023 followed by accelerated expansion in the subsequent years.
- Revenue Growth Trajectory
- Reported revenue demonstrates significant scaling, with a notable acceleration in growth between 2024 and 2026. The growth rate experienced a decline in 2023 but recovered strongly, with the largest absolute increase occurring between the 2025 and 2026 periods, where revenue rose by US$ 50,115 million.
- Analysis of Revenue Adjustments
- Adjusted revenue remains consistently higher than reported revenue throughout the entire period. The absolute gap between these two metrics has widened over time, increasing from US$ 4,961 million in 2021 to US$ 8,447 million by 2026. This expansion of the adjustment value suggests that the factors necessitating the adjustments are scaling in tandem with the overall growth of the business.
- Proportional Variance
- Despite the increase in absolute terms, the relative difference between reported and adjusted revenue remains stable. The adjustment represents a consistent percentage of total revenue, generally fluctuating between 2.1% and 3.0%. This stability indicates a systemic and predictable relationship between the reported top-line figures and the adjusted results.
Adjustments to Reported Income
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
1 Deferred income tax expense (benefit). See details »
An analysis of the financial results from 2021 through 2026 reveals a sustained upward trajectory for both reported net income and adjusted net income. Reported net income grew from 61,271 million USD in 2021 to 133,749 million USD in 2026, while adjusted net income rose from 64,671 million USD to 156,779 million USD over the same period.
- Net Income Growth Trends
- Reported net income shows a steady increase, with a brief period of stagnation between 2022 and 2023. Following this plateau, a significant acceleration in growth occurred between 2024 and 2026, with the final year showing the most substantial absolute increase in profitability.
- Adjusted Net Income Performance
- Adjusted net income remained nearly flat between 2021 and 2022 but entered a phase of rapid expansion starting in 2023. The growth trajectory for adjusted figures is more aggressive than that of reported net income, particularly in the 2026 period.
- Analysis of Income Adjustments
- The variance between reported and adjusted figures fluctuates over the six-year period. In 2022 and 2023, reported net income exceeded adjusted net income, indicating that non-recurring gains or specific accounting benefits bolstered the reported figures. However, starting in 2024, the trend reversed, with adjusted net income exceeding reported figures. This divergence expanded dramatically by 2026, where the adjustment added 23,030 million USD to the reported net income, suggesting significant non-recurring expenses or non-cash charges impacting the reported bottom line.