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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
ASSETS    
Cash and cash equivalents $ 1,280,662 $ 1,231,625
Accounts receivable trade, net of allowance for credit losses of $12,108 as of June 30, 2024 and $13,828 as of June 30, 2023 (Note 4) 626,189 682,517
Contract assets (Note 3) 66,450 71,196
Income taxes recoverable (Note 15) 61,113 68,161
Prepaid expenses and other current assets (Note 9) 242,911 221,732
Total current assets 2,277,325 2,275,231
Property and equipment (Note 5) 367,740 356,904
Operating lease right of use assets (Note 6) 219,774 285,723
Long-term contract assets (Note 3) 38,684 64,553
Goodwill (Note 7) 7,488,367 8,662,603
Acquired intangible assets (Note 8) 2,486,264 4,080,879
Deferred tax assets (Note 15) 932,657 926,719
Other assets (Note 9) 298,281 342,318
Long-term income taxes recoverable (Note 15) 96,615 94,270
Total assets 14,205,707 17,089,200
Current liabilities:    
Accounts payable and accrued liabilities (Note 10) 931,116 996,261
Current portion of long-term debt (Note 11) 35,850 320,850
Operating lease liabilities (Note 6) 76,446 91,425
Deferred revenues (Note 3) 1,521,416 1,721,781
Income taxes payable (Note 15) 235,666 89,297
Total current liabilities 2,800,494 3,219,614
Long-term liabilities:    
Accrued liabilities (Note 10) 46,483 51,961
Pension liability, net (Note 12) 127,255 126,312
Long-term debt (Note 11) 6,356,943 8,562,096
Long-term operating lease liabilities (Note 6) 218,174 271,579
Long-term deferred revenues (Note 3) 162,401 217,771
Long-term income taxes payable (Note 15) 145,644 193,808
Deferred tax liabilities (Note 15) 148,632 423,955
Total long-term liabilities 7,205,532 9,847,482
Shareholders’ equity:    
Common shares 2,271,886 2,176,947
Accumulated other comprehensive income (loss) (Note 21) (69,619) (53,559)
Retained earnings 2,119,159 2,048,984
Treasury stock, at cost (3,135,980 and 3,536,375 shares at June 30, 2024 and June 30, 2023, respectively) (123,268) (151,597)
Total OpenText shareholders’ equity 4,198,158 4,020,775
Non-controlling interests 1,523 1,329
Total shareholders’ equity 4,199,681 4,022,104
Total liabilities and shareholders’ equity $ 14,205,707 $ 17,089,200