OTHER INCOME (EXPENSE), NET (Tables)

9 Months Ended

Mar. 31, 2023

Other Income and Expenses [Abstract]


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Foreign exchange gains (losses) (1)	$	55,558	$	(3,443)	$	54,257	$	(2,900)
Unrealized gains (losses) on derivatives not designated as hedges (2)	(102,713)		—		(112,567)		—
Realized gains (losses) on derivatives not designated as hedges (3)	137,471		—		137,471		—
OpenText share in net income (loss) of equity investees (4)	(4,724)		27,746		(11,547)		59,103
Loss on debt extinguishment (5) (6)	(21)		—		(8,152)		(27,413)
Other miscellaneous income (expense)	135		89		362		347
Total other income (expense), net	$	85,706	$	24,392	$	59,824	$	29,137

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(1)The three and nine months ended March 31, 2023 includes a foreign exchange gain of $36.6 million resulting from the delayed payment of a portion of the purchase consideration, settled on February 9th, 2023, related to the Micro Focus Acquisition (see Note 19 “Acquisitions” for more details).

(2)Represents the unrealized gains (losses) on our derivatives not designated as hedges related to the Micro Focus Acquisition (see Note 17 “Derivative Instruments and Hedging Activities” for more details).

(3)Represents the realized gains (losses) on our derivatives not designated as hedges related to the Micro Focus Acquisition (see Note 17 “Derivative Instruments and Hedging Activities” for more details).

(4)Represents our share in net income (losses) of equity investees, which approximates fair value and subject to volatility based on market trends and business conditions, based on our interest in certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20% and these investments are accounted for using the equity method (see Note 9 “Prepaid Expenses and Other Assets” for more details).

(5)On December 1, 2022, we amended the Acquisition Term Loan and Bridge Loan to reallocate commitments under the Bridge Loan to the Acquisition Term Loan and terminated all remaining commitments under the Bridge Loan which resulted in a loss on debt extinguishment related to unamortized debt issuance costs (see Note 11 “Long-Term Debt” for more details).

(6)On December 9, 2021, we redeemed Senior Notes 2026 in full, which resulted in a loss on debt extinguishment of $27.4 million. Of this, $25.0 million related to the early termination call premium, $6.2 million related to unamortized debt issuance costs and $(3.8) million related to unamortized premium (see Note 11 “Long-Term Debt” for more details).