CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 265,675 $ 197,640
Time deposits with maturities over three months 139,433 96,214
Restricted cash 20,233 39,534
Accounts receivable, net of allowance for doubtful accounts of $ 48,089 and $49,094 as of June 30, 2017 and 2018, respectively 275,216 246,552
Costs and estimated earnings in excess of billings, net of allowance for doubtful accounts of $8,660 and $9,929 as of June 30, 2017 and 2018, respectively 161,012 162,096
Other receivables, net of allowance for doubtful accounts of $1,448 and $4,946 as of June 30, 2017 and 2018, respectively 30,467 20,036
Advances to suppliers 9,685 9,964
Amounts due from related parties 33,678 34,142
Inventories 58,074 45,660
Prepaid expenses 713 619
Income tax recoverable 6,712 5,169
Deferred tax assets 0 7,730
Total current assets 1,000,898 865,356
Non-current assets:    
Restricted cash 1,401 522
Property, plant and equipment, net 80,210 80,529
Prepaid land leases 10,172 10,206
Intangible assets, net 3,186 1,928
Investments in equity investees 53,389 47,242
Investments in cost investees 4,195 4,024
Goodwill 48,359 47,326
Deferred tax assets 8,318 1,121
Total non-current assets 209,230 192,898
Total assets 1,210,128 1,058,254
Current liabilities (including amounts of the VIE without recourse to the primary beneficiary of $14,051 and $19,234 as of June 30, 2017 and 2018, respectively):    
Derivative financial liability 412 487
Short-term bank loans 2,865 8,121
Current portion of long-term loans 350 420
Accounts payable 129,477 122,714
Construction costs payable 304 383
Deferred revenue 137,692 107,407
Accrued payroll and related expenses 14,299 13,600
Income tax payable 3,746 3,371
Warranty liabilities 5,622 5,386
Other tax payables 7,801 10,488
Accrued liabilities 25,133 23,950
Amounts due to related parties 5,353 2,301
Deferred tax liabilities 0 4,350
Total current liabilities 333,054 302,978
Accrued liabilities 2,410 2,220
Long-term loans 20,709 20,581
Deferred tax liabilities 9,366 6,689
Warranty liabilities 2,236 2,246
Total non-current liabilities 34,721 31,736
Total liabilities 367,775 334,714
Commitments and contingencies
Stockholders' equity:    
Ordinary shares, par value $0.001 per share, 100,000,000 shares authorized; 60,342,099 shares issued and outstanding as of June 30, 2017 and 2018, respectively 60 60
Additional paid-in capital 223,396 222,189
Statutory reserves 45,970 41,130
Retained earnings 578,079 482,999
Accumulated other comprehensive income (5,453) (22,859)
Total Hollysys Automation Technologies Ltd. Stockholders' equity 842,052 723,519
Non-controlling interest 301 21
Total equity 842,353 723,540
Total liabilities and equity $ 1,210,128 $ 1,058,254