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Basis of Presentation (Tables) | 12 Months Ended
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Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | As a result, certain prior period comparative figures in the Consolidated Statements of Income have been adjusted to conform to current period presentation as follows:
| Year Ended June 30, 2018 |  | Year Ended June 30, 2017
| As Previously Reported |  | Adjustments |  | As Adjusted |  | As Previously Reported |  | Adjustments |  | As Adjusted
Cost of revenues - Cloud services | $ | 364,091 |  |  | $ | 69 |  |  | $ | 364,160 |  |  | $ | 300,255 |  |  | $ | (405 | ) |  | $ | 299,850 |
Cost of revenues - Customer Support | $ | 134,089 |  |  | $ | (200 | ) |  | $ | 133,889 |  |  | $ | 122,753 |  |  | $ | (188 | ) |  | $ | 122,565 |
Cost of revenues - Professional service and other | $ | 253,670 |  |  | $ | (281 | ) |  | $ | 253,389 |  |  | $ | 195,195 |  |  | $ | (241 | ) |  | $ | 194,954 |
Total cost of revenues | $ | 951,411 |  |  | $ | (412 | ) |  | $ | 950,999 |  |  | $ | 762,391 |  |  | $ | (834 | ) |  | $ | 761,557 |
Gross profit | $ | 1,863,830 |  |  | $ | 412 |  |  | $ | 1,864,242 |  |  | $ | 1,528,666 |  |  | $ | 834 |  |  | $ | 1,529,500 |
Research and Development | $ | 323,461 |  |  | $ | (552 | ) |  | $ | 322,909 |  |  | $ | 281,680 |  |  | $ | (465 | ) |  | $ | 281,215 |
Sales and Marketing | $ | 529,381 |  |  | $ | (240 | ) |  | $ | 529,141 |  |  | $ | 444,838 |  |  | $ | (384 | ) |  | $ | 444,454 |
General and administrative | $ | 205,313 |  |  | $ | (86 | ) |  | $ | 205,227 |  |  | $ | 170,438 |  |  | $ | (85 | ) |  | $ | 170,353 |
Total operating expense | $ | 1,358,427 |  |  | $ | (878 | ) |  | $ | 1,357,549 |  |  | $ | 1,175,734 |  |  | $ | (934 | ) |  | $ | 1,174,800 |
Income from operations | $ | 505,403 |  |  | $ | 1,290 |  |  | $ | 506,693 |  |  | $ | 352,932 |  |  | $ | 1,768 |  |  | $ | 354,700 |
Interest and other related expense, net | $ | (137,250 | ) |  | $ | (1,290 | ) |  | $ | (138,540 | ) |  | $ | (119,124 | ) |  | $ | (1,768 | ) |  | $ | (120,892 | )
As a result, certain prior period comparative figures in the Consolidated Statements of Cash Flows have been adjusted to conform to current period presentation as follows:
| Year Ended June 30, 2018 |  | Year Ended June 30, 2017
| As Previously Reported |  | Adjustments |  | As Adjusted |  | As Previously Reported |  | Adjustments |  | As Adjusted
Net cash provided by operating activities | $ | 709,885 |  |  | $ | (1,804 | ) |  | $ | 708,081 |  |  | $ | 439,253 |  |  | $ | 1,100 |  |  | $ | 440,353 |
Cash, cash equivalents and restricted cash at beginning of period | 443,357 |  |  | 2,853 |  |  | 446,210 |  |  | 1,283,757 |  |  | 1,753 |  |  | 1,285,510 |
Increase (decrease) in cash, cash equivalents and restricted cash during the period | 239,585 |  |  | (1,804 | ) |  | 237,781 |  |  | (840,400 | ) |  | 1,100 |  |  | (839,300 | )
Cash, cash equivalents and restricted cash at end of period | $ | 682,942 |  |  | $ | 1,049 |  |  | $ | 683,991 |  |  | $ | 443,357 |  |  | $ | 2,853 |  |  | $ | 446,210 |
The following tables summarize the impacts of adopting Topic 606 on our consolidated balance sheets, statements of income and cash flows, all as compared to proforma balances illustrating if ASC Topic 605 "Revenue Recognition" (Topic 605) had still been in effect. Financial statement line items that were not impacted by the adoption of Topic 606 have been excluded from the tables below. Consolidated Balance Sheet
| As of June 30, 2019
| As reported under Topic 606 |  | Adjustments |  | Proforma as if Topic 605 was in effect
ASSETS |  |  |  |  |
Contract assets | $ | 20,956 |  |  | $ | (20,956 | ) |  | $ | — |
Prepaid expenses and other current assets | 97,238 |  |  | 4,428 |  |  | 101,666 |
Total current assets | 1,561,328 |  |  | (16,528 | ) |  | 1,544,800 |
Long-term contract assets | 15,386 |  |  | (15,386 | ) |  | — |
Deferred tax assets | 1,004,450 |  |  | 16,631 |  |  | 1,021,081 |
Other assets | 148,977 |  |  | (5,614 | ) |  | 143,363 |
Total assets | $ | 7,933,975 |  |  | $ | (20,897 | ) |  | $ | 7,913,078 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 329,903 |  |  | $ | (55 | ) |  | $ | 329,848 |
Deferred revenues | 641,656 |  |  | 24,635 |  |  | 666,291 |
Total current liabilities | 1,014,717 |  |  | 24,580 |  |  | 1,039,297 |
Long-term liabilities: |  |  |  |  |  |
Deferred revenues | 46,974 |  |  | 32,170 |  |  | 79,144 |
Deferred tax liabilities | 55,872 |  |  | (8,178 | ) |  | 47,694 |
Total long-term liabilities | 3,034,588 |  |  | 23,992 |  |  | 3,058,580 |
Shareholders’ equity: |  |  |  |  |  |
Accumulated other comprehensive income | 24,124 |  |  | 1,260 |  |  | 25,384 |
Retained earnings | 2,113,883 |  |  | (70,729 | ) |  | 2,043,154 |
Total OpenText shareholders' equity | 3,883,455 |  |  | (69,469 | ) |  | 3,813,986 |
Non-controlling interests | 1,215 |  |  | — |  |  | 1,215 |
Total shareholders’ equity | 3,884,670 |  |  | (69,469 | ) |  | 3,815,201 |
Total liabilities and shareholders’ equity | $ | 7,933,975 |  |  | $ | (20,897 | ) |  | $ | 7,913,078 |
Consolidated Statements of Income
| Year Ended June 30, 2019
| As reported under Topic 606 |  | Adjustments |  | Proforma as if Topic 605 was in effect
Revenues: |  |  |  |  |
License | $ | 428,092 |  |  | $ | (37,709 | ) |  | $ | 390,383 |
Cloud services and subscriptions | 907,812 |  |  | (6,361 | ) |  | 901,451 |
Customer support | 1,247,915 |  |  | (1,605 | ) |  | 1,246,310 |
Professional service and other | 284,936 |  |  | 24 |  |  | 284,960 |
Total revenues | 2,868,755 |  |  | (45,651 | ) |  | 2,823,104 |
Cost of revenues: |  |  |  |  |
Cloud services and subscriptions | 383,993 |  |  | (338 | ) |  | 383,655 |
Professional service and other | 224,635 |  |  | 5 |  |  | 224,640 |
Total cost of revenues | 930,703 |  |  | (333 | ) |  | 930,370 |
Gross profit | 1,938,052 |  |  | (45,318 | ) |  | 1,892,734 |
Operating expenses: |  |  |  |  |
Sales and marketing | 518,035 |  |  | 8,945 |  |  | 526,980 |
Total operating expenses | 1,371,042 |  |  | 8,945 |  |  | 1,379,987 |
Income from operations | 567,010 |  |  | (54,263 | ) |  | 512,747 |
Interest and other related expense, net | (136,592 | ) |  | (801 | ) |  | (137,393 | )
Income before income taxes | 440,574 |  |  | (55,064 | ) |  | 385,510 |
Provision for (recovery of) income taxes | 154,937 |  |  | (14,121 | ) |  | 140,816 |
Net income for the period | $ | 285,637 |  |  | $ | (40,943 | ) |  | $ | 244,694 |
The adjustment on license revenue for the year ended June 30, 2019 of $37.7 million is primarily due to new contracts entered into during Fiscal 2019 for which a timing difference of revenue recognition exists between Topic 606 and Topic 605. See above for an explanation of how license revenues are recognized under Topic 606. The Fiscal 2019 contracts pertaining to the respective adjustments are recognized up front under Topic 606, whereas such revenues would have been recognized over time under Topic 605. Consolidated Statement of Cash Flows
| Year Ended June 30, 2019
| As reported under Topic 606 |  | Adjustments |  | Proforma as if Topic 605 was in effect
Cash flows from operating activities: |  |  |  |  |
Net income for the period | $ | 285,637 |  |  | $ | (40,943 | ) |  | $ | 244,694 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Deferred taxes | 47,425 |  |  | (14,165 | ) |  | 33,260 |
Changes in operating assets and liabilities: |  |  |  |  |
Accounts receivable | 75,508 |  |  | (18,883 | ) |  | 56,625 |
Contract assets | (37,623 | ) |  | 37,623 |  |  | — |
Prepaid expenses and other current assets | (819 | ) |  | 3,319 |  |  | 2,500 |
Income taxes and deferred charges and credits | 27,291 |  |  | 101 |  |  | 27,392 |
Accounts payable and accrued liabilities | (21,732 | ) |  | 173 |  |  | (21,559 | )
Deferred revenue | (1,827 | ) |  | 26,841 |  |  | 25,014 |
Other assets | (4 | ) |  | 5,934 |  |  | 5,930 |
Net cash provided by operating activities | $ | 876,278 |  |  | $ | — |  |  | $ | 876,278 |

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