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Supplemental Guarantor Condensed Consolidating Financials | 9 Months Ended
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Jun. 28, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Supplemental Guarantor Condensed Consolidating Financials | Supplemental Guarantor Condensed Consolidating Financials The Company’s Senior Notes are fully and unconditionally and jointly and severally guaranteed by Hologic, Inc. (“Parent/Issuer”) and certain of its domestic subsidiaries, which are 100% owned by Hologic, Inc. The following represents the supplemental condensed financial information of Hologic, Inc. and its guarantor and non-guarantor subsidiaries, as of June 28, 2014 and September 28, 2013 and for the three and nine months ended June 28, 2014 and June 29, 2013, as applicable. SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Three Months Ended June 28, 2014
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
Product | $ | 128.4 |  |  | $ | 386.4 |  |  | $ | 125.8 |  |  | $ | (111.3 | ) |  | $ | 529.3 |
Service and other | 88.2 |  |  | 14.4 |  |  | 13.1 |  |  | (12.4 | ) |  | 103.3 |
| 216.6 |  |  | 400.8 |  |  | 138.9 |  |  | (123.7 | ) |  | 632.6 |
Costs of revenues: |  |  |  |  |  |  |  |  |
Product | 61.5 |  |  | 147.3 |  |  | 89.2 |  |  | (111.3 | ) |  | 186.7 |
Amortization of intangible assets | 1.4 |  |  | 75.3 |  |  | 3.8 |  |  | — |  |  | 80.5 |
Service and other | 46.8 |  |  | 5.9 |  |  | 12.3 |  |  | (12.4 | ) |  | 52.6 |
Gross Profit | 106.9 |  |  | 172.3 |  |  | 33.6 |  |  | — |  |  | 312.8 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 7.7 |  |  | 42.9 |  |  | 1.9 |  |  | — |  |  | 52.5 |
Selling and marketing | 16.8 |  |  | 43.4 |  |  | 22.8 |  |  | — |  |  | 83.0 |
General and administrative | 15.8 |  |  | 37.8 |  |  | 11.1 |  |  | — |  |  | 64.7 |
Amortization of intangible assets | 0.6 |  |  | 26.8 |  |  | 2.3 |  |  | — |  |  | 29.7 |
Restructuring and divestiture charges | 1.0 |  |  | 2.9 |  |  | 2.8 |  |  | — |  |  | 6.7 |
| 41.9 |  |  | 153.8 |  |  | 40.9 |  |  | — |  |  | 236.6 |
Income (loss) from operations | 65.0 |  |  | 18.5 |  |  | (7.3 | ) |  | — |  |  | 76.2 |
Interest income | 0.1 |  |  | 1.1 |  |  | 0.2 |  |  | (1.1 | ) |  | 0.3 |
Interest expense | (52.6 | ) |  | (0.3 | ) |  | (0.6 | ) |  | 1.1 |  |  | (52.4 | )
Other (expense) income, net | 1.3 |  |  | (3.0 | ) |  | 0.2 |  |  | — |  |  | (1.5 | )
Income (loss) before income taxes | 13.8 |  |  | 16.3 |  |  | (7.5 | ) |  | — |  |  | 22.6 |
Provision for income taxes | 6.8 |  |  | 3.6 |  |  | 0.9 |  |  | — |  |  | 11.3 |
Equity in earnings (losses) of subsidiaries | 4.3 |  |  | 3.3 |  |  | — |  |  | (7.6 | ) |  | — |
Net income (loss) | $ | 11.3 |  |  | $ | 16.0 |  |  | $ | (8.4 | ) |  | $ | (7.6 | ) |  | $ | 11.3 |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Nine Months Ended June 28, 2014
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
Product | $ | 356.8 |  |  | $ | 1,154.0 |  |  | $ | 373.7 |  |  | $ | (321.7 | ) |  | $ | 1,562.8 |
Service and other | 262.7 |  |  | 47.4 |  |  | 37.2 |  |  | (40.0 | ) |  | 307.3 |
| 619.5 |  |  | 1,201.4 |  |  | 410.9 |  |  | (361.7 | ) |  | 1,870.1 |
Costs of revenues: |  |  |  |  |  |  |  |  |
Product | 172.4 |  |  | 431.7 |  |  | 266.9 |  |  | (321.7 | ) |  | 549.3 |
Amortization of intangible assets | 4.2 |  |  | 224.0 |  |  | 5.9 |  |  | — |  |  | 234.1 |
Impairment of intangible assets | — |  |  | — |  |  | 26.6 |  |  | — |  |  | 26.6 |
Service and other | 140.3 |  |  | 27.5 |  |  | 31.8 |  |  | (40.0 | ) |  | 159.6 |
Gross Profit | 302.6 |  |  | 518.2 |  |  | 79.7 |  |  | — |  |  | 900.5 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 23.0 |  |  | 121.7 |  |  | 6.4 |  |  | — |  |  | 151.1 |
Selling and marketing | 52.6 |  |  | 126.8 |  |  | 65.6 |  |  | — |  |  | 245.0 |
General and administrative | 45.5 |  |  | 114.9 |  |  | 34.2 |  |  | — |  |  | 194.6 |
Amortization of intangible assets | 2.4 |  |  | 77.9 |  |  | 4.7 |  |  | — |  |  | 85.0 |
Impairment of intangible assets | — |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Restructuring and divestiture charges | 7.6 |  |  | 15.0 |  |  | 14.0 |  |  | — |  |  | 36.6 |
| 131.1 |  |  | 456.3 |  |  | 125.4 |  |  | — |  |  | 712.8 |
Income (loss) from operations | 171.5 |  |  | 61.9 |  |  | (45.7 | ) |  | — |  |  | 187.7 |
Interest income | 0.3 |  |  | 2.3 |  |  | 0.7 |  |  | (2.5 | ) |  | 0.8 |
Interest expense | (168.0 | ) |  | (0.8 | ) |  | (1.8 | ) |  | 2.5 |  |  | (168.1 | )
Debt extinguishment loss | (7.4 | ) |  | — |  |  | — |  |  | — |  |  | (7.4 | )
Other (expense) income, net | 7.9 |  |  | (12.4 | ) |  | 1.0 |  |  | — |  |  | (3.5 | )
Income (loss) before income taxes | 4.3 |  |  | 51.0 |  |  | (45.8 | ) |  | — |  |  | 9.5 |
Provision for income taxes | 5.0 |  |  | 9.9 |  |  | 5.4 |  |  | — |  |  | 20.3 |
Equity in earnings (losses) of subsidiaries | (10.1 | ) |  | 14.3 |  |  | — |  |  | (4.2 | ) |  | — |
Net (loss) income | $ | (10.8 | ) |  | $ | 55.4 |  |  | $ | (51.2 | ) |  | $ | (4.2 | ) |  | $ | (10.8 | )
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Three Months Ended June 29, 2013
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
Product | $ | 106.5 |  |  | $ | 399.1 |  |  | $ | 114.8 |  |  | $ | (90.5 | ) |  | $ | 529.9 |
Service and other | 81.4 |  |  | 15.9 |  |  | 11.3 |  |  | (12.4 | ) |  | 96.2 |
| 187.9 |  |  | 415.0 |  |  | 126.1 |  |  | (102.9 | ) |  | 626.1 |
Costs of revenues: |  |  |  |  |  |  |  |  |
Product | 57.7 |  |  | 143.8 |  |  | 76.6 |  |  | (90.5 | ) |  | 187.6 |
Amortization of intangible assets | 1.3 |  |  | 73.7 |  |  | 1.0 |  |  | — |  |  | 76.0 |
Impairment of intangible assets | — |  |  | — |  |  | 1.7 |  |  | — |  |  | 1.7 |
Service and other | 39.1 |  |  | 14.8 |  |  | 9.5 |  |  | (12.4 | ) |  | 51.0 |
Gross profit | 89.8 |  |  | 182.7 |  |  | 37.3 |  |  | — |  |  | 309.8 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 8.0 |  |  | 37.2 |  |  | 2.6 |  |  | — |  |  | 47.8 |
Selling and marketing | 17.9 |  |  | 43.5 |  |  | 21.5 |  |  | — |  |  | 82.9 |
General and administrative | 20.0 |  |  | 31.3 |  |  | 9.2 |  |  | — |  |  | 60.5 |
Amortization of intangible assets | 0.8 |  |  | 26.7 |  |  | 1.2 |  |  | — |  |  | 28.7 |
Contingent consideration – compensation expense | 21.6 |  |  | — |  |  | — |  |  | — |  |  | 21.6 |
Contingent consideration – fair value adjustments | 0.5 |  |  | — |  |  | — |  |  | — |  |  | 0.5 |
Restructuring and divestiture charges | 0.6 |  |  | 3.7 |  |  | 2.4 |  |  | — |  |  | 6.7 |
| 69.4 |  |  | 142.4 |  |  | 36.9 |  |  | — |  |  | 248.7 |
Income from operations | 20.4 |  |  | 40.3 |  |  | 0.4 |  |  | — |  |  | 61.1 |
Interest income | 0.1 |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.3 |
Interest expense | (66.3 | ) |  | (0.3 | ) |  | (0.6 | ) |  | — |  |  | (67.2 | )
Other (expense) income, net | 178.1 |  |  | (179.2 | ) |  | (0.1 | ) |  | — |  |  | (1.2 | )
(Loss) income before income taxes | 132.3 |  |  | (139.2 | ) |  | (0.1 | ) |  | — |  |  | (7.0 | )
Provision (benefit) for income taxes | 50.9 |  |  | (49.9 | ) |  | 3.0 |  |  | — |  |  | 4.0 |
Equity in earnings (losses) of subsidiaries | (92.4 | ) |  | 1.1 |  |  | — |  |  | 91.3 |  |  | — |
Net (loss) income | $ | (11.0 | ) |  | $ | (88.2 | ) |  | $ | (3.1 | ) |  | $ | 91.3 |  |  | $ | (11.0 | )
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Nine Months Ended June 29, 2013
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
Product | $ | 305.2 |  |  | $ | 1,177.7 |  |  | $ | 365.3 |  |  | $ | (268.9 | ) |  | $ | 1,579.3 |
Service and other | 240.5 |  |  | 56.5 |  |  | 34.6 |  |  | (40.7 | ) |  | 290.9 |
| 545.7 |  |  | 1,234.2 |  |  | 399.9 |  |  | (309.6 | ) |  | 1,870.2 |
Costs of revenues: |  |  |  |  |  |  |  |  |
Product | 163.7 |  |  | 478.1 |  |  | 244.3 |  |  | (268.9 | ) |  | 617.2 |
Amortization of intangible assets | 4.0 |  |  | 219.8 |  |  | 3.2 |  |  | — |  |  | 227.0 |
Impairment of intangible assets | — |  |  | — |  |  | 1.7 |  |  | — |  |  | 1.7 |
Service and other | 118.1 |  |  | 46.2 |  |  | 29.9 |  |  | (40.7 | ) |  | 153.5 |
Gross profit | 259.9 |  |  | 490.1 |  |  | 120.8 |  |  | — |  |  | 870.8 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 22.7 |  |  | 118.8 |  |  | 7.4 |  |  | — |  |  | 148.9 |
Selling and marketing | 59.1 |  |  | 136.2 |  |  | 70.1 |  |  | — |  |  | 265.4 |
General and administrative | 52.0 |  |  | 101.0 |  |  | 26.7 |  |  | — |  |  | 179.7 |
Amortization of intangible assets | 2.2 |  |  | 80.1 |  |  | 3.6 |  |  | — |  |  | 85.9 |
Contingent consideration – compensation expense | 80.5 |  |  | — |  |  | — |  |  | — |  |  | 80.5 |
Contingent consideration – fair value adjustments | 11.3 |  |  | — |  |  | — |  |  | — |  |  | 11.3 |
Gain on sale of intellectual property | — |  |  | (53.9 | ) |  | — |  |  | — |  |  | (53.9 | )
Restructuring and divestiture charges | 0.9 |  |  | 17.7 |  |  | 4.5 |  |  | — |  |  | 23.1 |
| 228.7 |  |  | 399.9 |  |  | 112.3 |  |  | — |  |  | 740.9 |
Income from operations | 31.2 |  |  | 90.2 |  |  | 8.5 |  |  | — |  |  | 129.9 |
Interest income | 0.4 |  |  | 0.1 |  |  | 0.3 |  |  | — |  |  | 0.8 |
Interest expense | (212.9 | ) |  | (0.9 | ) |  | (1.5 | ) |  | — |  |  | (215.3 | )
Debt extinguishment loss | (3.2 | ) |  | — |  |  | — |  |  | — |  |  | (3.2 | )
Other income (expense), net | 179.8 |  |  | (186.3 | ) |  | 6.3 |  |  | — |  |  | (0.2 | )
(Loss) income before income taxes | (4.7 | ) |  | (96.9 | ) |  | 13.6 |  |  | — |  |  | (88.0 | )
(Benefit) provision for income taxes | 24.3 |  |  | (61.1 | ) |  | 7.7 |  |  | — |  |  | (29.1 | )
Equity in earnings (losses) of subsidiaries | (29.9 | ) |  | 14.5 |  |  | — |  |  | 15.4 |  |  | — |
Net (loss) income | $ | (58.9 | ) |  | $ | (21.3 | ) |  | $ | 5.9 |  |  | $ | 15.4 |  |  | $ | (58.9 | )
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 28, 2014
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 11.3 |  |  | $ | 16.0 |  |  | $ | (8.4 | ) |  | $ | (7.6 | ) |  | $ | 11.3 |
Changes in foreign currency translation adjustment | — |  |  | 0.3 |  |  | 3.0 |  |  | — |  |  | 3.3 |
Changes in unrealized holding gain on available-for-sale securities | — |  |  | 4.2 |  |  | — |  |  | — |  |  | 4.2 |
Comprehensive income (loss) | $ | 11.3 |  |  | $ | 20.5 |  |  | $ | (5.4 | ) |  | $ | (7.6 | ) |  | $ | 18.8 |
For the Nine Months Ended June 28, 2014
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (10.8 | ) |  | $ | 55.4 |  |  | $ | (51.2 | ) |  | $ | (4.2 | ) |  | $ | (10.8 | )
Changes in foreign currency translation adjustment | — |  |  | 0.4 |  |  | (4.1 | ) |  | — |  |  | (3.7 | )
Changes in unrealized holding gain on available-for-sale securities | — |  |  | 1.9 |  |  | — |  |  | — |  |  | 1.9 |
Changes in pension plans, net of taxes | — |  |  | — |  |  | (0.6 | ) |  | — |  |  | (0.6 | )
Comprehensive (loss) income | $ | (10.8 | ) |  | $ | 57.7 |  |  | $ | (55.9 | ) |  | $ | (4.2 | ) |  | $ | (13.2 | )
For the Three Months Ended June 29, 2013
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (11.0 | ) |  | $ | (88.2 | ) |  | $ | (3.1 | ) |  | $ | 91.3 |  |  | $ | (11.0 | )
Changes in foreign currency translation adjustment | — |  |  | — |  |  | (2.9 | ) |  | — |  |  | (2.9 | )
Changes in unrealized holding gain on available-for-sale securities | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Comprehensive (loss) income | $ | (11.0 | ) |  | $ | (88.1 | ) |  | $ | (6.0 | ) |  | $ | 91.3 |  |  | $ | (13.8 | )
For the Nine Months Ended June 29, 2013
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (58.9 | ) |  | $ | (21.3 | ) |  | $ | 5.9 |  |  | $ | 15.4 |  |  | $ | (58.9 | )
Changes in foreign currency translation adjustment | — |  |  | 0.2 |  |  | (9.5 | ) |  | — |  |  | (9.3 | )
Changes in unrealized holding gain on available-for-sale securities | — |  |  | 2.3 |  |  | — |  |  | — |  |  | 2.3 |
Comprehensive (loss) income | $ | (58.9 | ) |  | $ | (18.8 | ) |  | $ | (3.6 | ) |  | $ | 15.4 |  |  | $ | (65.9 | )
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET June 28, 2014
| Parent/ Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 215.4 |  |  | $ | 272.6 |  |  | $ | 144.5 |  |  | $ | — |  |  | $ | 632.5 |
Restricted cash | — |  |  | — |  |  | 5.9 |  |  | — |  |  | 5.9 |
Accounts receivable, net | 114.3 |  |  | 168.7 |  |  | 98.7 |  |  | — |  |  | 381.7 |
Inventories | 88.8 |  |  | 186.1 |  |  | 54.9 |  |  | — |  |  | 329.8 |
Deferred income tax assets | 14.4 |  |  | 19.2 |  |  | 0.8 |  |  | — |  |  | 34.4 |
Prepaid income taxes | 6.0 |  |  | 2.9 |  |  | 1.4 |  |  | — |  |  | 10.3 |
Prepaid expenses and other current assets | 18.7 |  |  | 10.1 |  |  | 9.0 |  |  | — |  |  | 37.8 |
Intercompany receivables | — |  |  | 2,663.6 |  |  | 13.4 |  |  | (2,677.0 | ) |  | — |
Total current assets | 457.6 |  |  | 3,323.2 |  |  | 328.6 |  |  | (2,677.0 | ) |  | 1,432.4 |
Property, plant and equipment, net | 29.2 |  |  | 338.0 |  |  | 100.2 |  |  | — |  |  | 467.4 |
Intangible assets, net | 14.1 |  |  | 3,484.2 |  |  | 60.4 |  |  | — |  |  | 3,558.7 |
Goodwill | 282.4 |  |  | 2,391.0 |  |  | 137.7 |  |  | — |  |  | 2,811.1 |
Other assets | 92.1 |  |  | 48.5 |  |  | 1.8 |  |  | — |  |  | 142.4 |
Long term intercompany receivables | — |  |  | 144.0 |  |  | — |  |  | (144.0 | ) |  | — |
Investment in subsidiaries | 8,681.0 |  |  | 220.3 |  |  | 0.2 |  |  | (8,901.5 | ) |  | — |
Total assets | $ | 9,556.4 |  |  | $ | 9,949.2 |  |  | $ | 628.9 |  |  | $ | (11,722.5 | ) |  | $ | 8,412.0 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 102.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 102.0 |
Accounts payable | 24.0 |  |  | 46.2 |  |  | 12.1 |  |  | — |  |  | 82.3 |
Accrued expenses | 145.2 |  |  | 71.2 |  |  | 50.1 |  |  | — |  |  | 266.5 |
Deferred revenue | 108.5 |  |  | 7.9 |  |  | 30.7 |  |  | — |  |  | 147.1 |
Deferred income tax liability | — |  |  | — |  |  | — |  |  | — |  |  | — |
Intercompany payables | 2,628.5 |  |  | — |  |  | 51.5 |  |  | (2,680.0 | ) |  | — |
Total current liabilities | 3,008.2 |  |  | 125.3 |  |  | 144.4 |  |  | (2,680.0 | ) |  | 597.9 |
Long-term debt, net of current portion | 4,168.5 |  |  | — |  |  | — |  |  | — |  |  | 4,168.5 |
Deferred income tax liabilities | 82.6 |  |  | 1,320.1 |  |  | 8.1 |  |  | — |  |  | 1,410.8 |
Deferred service obligations – long-term | 8.1 |  |  | 4.0 |  |  | 9.7 |  |  | — |  |  | 21.8 |
Long-term intercompany payables | 144.0 |  |  | — |  |  | — |  |  | (144.0 | ) |  | — |
Other long-term liabilities | 113.7 |  |  | 32.8 |  |  | 35.2 |  |  | — |  |  | 181.7 |
Total stockholders’ equity | 2,031.3 |  |  | 8,467.0 |  |  | 431.5 |  |  | (8,898.5 | ) |  | 2,031.3 |
Total liabilities and stockholders’ equity | $ | 9,556.4 |  |  | $ | 9,949.2 |  |  | $ | 628.9 |  |  | $ | (11,722.5 | ) |  | $ | 8,412.0 |
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET September 28, 2013
| Parent/ Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 321.6 |  |  | $ | 387.4 |  |  | $ | 113.5 |  |  | $ | — |  |  | $ | 822.5 |
Restricted cash | — |  |  | — |  |  | 6.9 |  |  | — |  |  | 6.9 |
Accounts receivable, net | 126.1 |  |  | 174.4 |  |  | 108.8 |  |  | — |  |  | 409.3 |
Inventories | 81.9 |  |  | 146.7 |  |  | 60.8 |  |  | — |  |  | 289.4 |
Deferred income tax assets | — |  |  | 19.0 |  |  | 0.5 |  |  | (19.5 | ) |  | — |
Prepaid income taxes | 47.1 |  |  | 2.3 |  |  | — |  |  | (4.7 | ) |  | 44.7 |
Prepaid expenses and other current assets | 16.3 |  |  | 21.1 |  |  | 11.0 |  |  | — |  |  | 48.4 |
Intercompany receivables | — |  |  | 2,442.6 |  |  | 31.9 |  |  | (2,474.5 | ) |  | — |
Other current assets – assets held-for-sale | — |  |  | — |  |  | 3.0 |  |  | — |  |  | 3.0 |
Total current assets | 593.0 |  |  | 3,193.5 |  |  | 336.4 |  |  | (2,498.7 | ) |  | 1,624.2 |
Property, plant and equipment, net | 29.3 |  |  | 356.7 |  |  | 105.5 |  |  | — |  |  | 491.5 |
Intangible assets, net | 19.9 |  |  | 3,785.0 |  |  | 101.8 |  |  | — |  |  | 3,906.7 |
Goodwill | 283.0 |  |  | 2,390.9 |  |  | 140.6 |  |  | — |  |  | 2,814.5 |
Other assets | 103.6 |  |  | 58.4 |  |  | 1.9 |  |  | — |  |  | 163.9 |
Investments in subsidiaries | 8,667.6 |  |  | 129.0 |  |  | 2.3 |  |  | (8,798.9 | ) |  | — |
Total assets | $ | 9,696.4 |  |  | $ | 9,913.5 |  |  | $ | 688.5 |  |  | $ | (11,297.6 | ) |  | $ | 9,000.8 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 563.8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 563.8 |
Accounts payable | 27.9 |  |  | 42.6 |  |  | 10.0 |  |  | — |  |  | 80.5 |
Accrued expenses | 153.0 |  |  | 79.6 |  |  | 44.4 |  |  | (5.0 | ) |  | 272.0 |
Deferred revenue | 93.3 |  |  | 8.0 |  |  | 31.0 |  |  | — |  |  | 132.3 |
Deferred income tax liabilities | 59.3 |  |  | — |  |  | — |  |  | (19.5 | ) |  | 39.8 |
Intercompany payables | 2,418.1 |  |  | — |  |  | 64.4 |  |  | (2,482.5 | ) |  | — |
Total current liabilities | 3,315.4 |  |  | 130.2 |  |  | 149.8 |  |  | (2,507.0 | ) |  | 1,088.4 |
Long-term debt, net of current portion | 4,242.1 |  |  | — |  |  | — |  |  | — |  |  | 4,242.1 |
Deferred income tax liabilities | 89.1 |  |  | 1,435.5 |  |  | 10.7 |  |  | — |  |  | 1,535.3 |
Deferred service obligations – long-term | 11.3 |  |  | 3.5 |  |  | 12.9 |  |  | (2.2 | ) |  | 25.5 |
Other long-term liabilities | 97.0 |  |  | 37.6 |  |  | 33.4 |  |  | — |  |  | 168.0 |
Total stockholders’ equity | 1,941.5 |  |  | 8,306.7 |  |  | 481.7 |  |  | (8,788.4 | ) |  | 1,941.5 |
Total liabilities and stockholders’ equity | $ | 9,696.4 |  |  | $ | 9,913.5 |  |  | $ | 688.5 |  |  | $ | (11,297.6 | ) |  | $ | 9,000.8 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the Nine Months Ended June 28, 2014
| Parent/ Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 412.6 |  |  | $ | (81.1 | ) |  | $ | 45.2 |  |  | $ | — |  |  | $ | 376.7 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from sale of business, net | — |  |  | — |  |  | 2.4 |  |  | — |  |  | 2.4 |
Purchase of property and equipment | (9.4 | ) |  | (15.3 | ) |  | (6.2 | ) |  | — |  |  | (30.9 | )
Increase in equipment under customer usage agreements | (0.5 | ) |  | (15.8 | ) |  | (10.6 | ) |  | — |  |  | (26.9 | )
Net sales of insurance contracts | 13.8 |  |  | — |  |  | — |  |  | — |  |  | 13.8 |
Purchases of mutual funds | (29.7 | ) |  | — |  |  | — |  |  | — |  |  | (29.7 | )
Sales of mutual funds | 22.4 |  |  | — |  |  | — |  |  | — |  |  | 22.4 |
(Increase) decrease in other assets | (1.0 | ) |  | (3.0 | ) |  | 1.0 |  |  | — |  |  | (3.0 | )
Net cash used in investing activities | (4.4 | ) |  | (34.1 | ) |  | (13.4 | ) |  | — |  |  | (51.9 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Repayment of long-term debt | (578.8 | ) |  | — |  |  | — |  |  | — |  |  | (578.8 | )
Payment of debt issuance costs | (2.4 | ) |  | — |  |  | — |  |  | — |  |  | (2.4 | )
Payment of deferred acquisition consideration | (5.0 | ) |  | — |  |  | — |  |  | — |  |  | (5.0 | )
Net proceeds from issuance of common stock pursuant to employee stock plans | 75.8 |  |  | — |  |  | — |  |  | — |  |  | 75.8 |
Excess tax benefit related to equity awards | 5.2 |  |  | — |  |  | — |  |  | — |  |  | 5.2 |
Payment of minimum tax withholdings on net share settlement of equity awards | (9.2 | ) |  | — |  |  | — |  |  | — |  |  | (9.2 | )
Net cash used in financing activities | (514.4 | ) |  | — |  |  | — |  |  | — |  |  | (514.4 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | 0.4 |  |  | (0.8 | ) |  | — |  |  | (0.4 | )
Net (decrease) increase in cash and cash equivalents | (106.2 | ) |  | (114.8 | ) |  | 31.0 |  |  | — |  |  | (190.0 | )
Cash and cash equivalents, beginning of period | 321.6 |  |  | 387.4 |  |  | 113.5 |  |  | — |  |  | 822.5 |
Cash and cash equivalents, end of period | $ | 215.4 |  |  | $ | 272.6 |  |  | $ | 144.5 |  |  | $ | — |  |  | $ | 632.5 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the Nine Months Ended June 29, 2013
| Parent/ Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 218.4 |  |  | $ | 146.4 |  |  | $ | 51.0 |  |  | $ | — |  |  | $ | 415.8 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Acquisition of a business | (6.1 | ) |  | — |  |  | (0.2 | ) |  | — |  |  | (6.3 | )
Payment of additional acquisition consideration | (16.8 | ) |  | — |  |  | — |  |  | — |  |  | (16.8 | )
Proceeds from sale of business, net of cash transferred | — |  |  | 84.8 |  |  | 1.5 |  |  | — |  |  | 86.3 |
Purchase of property and equipment | (13.1 | ) |  | (19.7 | ) |  | (8.3 | ) |  | — |  |  | (41.1 | )
Increase in equipment under customer usage agreements | (0.5 | ) |  | (18.8 | ) |  | (12.6 | ) |  | — |  |  | (31.9 | )
Purchase of insurance contracts | (4.0 | ) |  | — |  |  | — |  |  | — |  |  | (4.0 | )
Proceeds from sale of intellectual property | — |  |  | 60.0 |  |  | — |  |  | — |  |  | 60.0 |
Purchase of cost-method investments | (3.4 | ) |  | (0.2 | ) |  | — |  |  | — |  |  | (3.6 | )
Sale of cost-method investments | 2.1 |  |  | — |  |  | — |  |  | — |  |  | 2.1 |
Increase in other assets | (2.1 | ) |  | (2.1 | ) |  | (0.4 | ) |  | — |  |  | (4.6 | )
Net cash provided by (used in) investing activities | (43.9 | ) |  | 104.0 |  |  | (20.0 | ) |  | — |  |  | 40.1 |
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Repayment of long-term debt | (48.8 | ) |  | — |  |  | — |  |  | — |  |  | (48.8 | )
Payment of debt issuance cost | (7.0 | ) |  | — |  |  | — |  |  | — |  |  | (7.0 | )
Payment of contingent consideration | (42.4 | ) |  | — |  |  | — |  |  | — |  |  | (42.4 | )
Payment of deferred acquisition consideration | (1.7 | ) |  | — |  |  | — |  |  | — |  |  | (1.7 | )
Net proceeds from issuance of common stock pursuant to employee stock plans | 51.2 |  |  | — |  |  | — |  |  | — |  |  | 51.2 |
Excess tax benefit related to equity awards | 5.4 |  |  | — |  |  | — |  |  | — |  |  | 5.4 |
Payment of minimum tax withholdings on net share settlements of equity awards | (12.0 | ) |  | — |  |  | — |  |  | — |  |  | (12.0 | )
Intercompany dividend | 175.0 |  |  | (175.0 | ) |  | — |  |  | — |  |  | — |
Net cash used in financing activities | (55.3 | ) |  | — |  |  | — |  |  | — |  |  | (55.3 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | (3.0 | ) |  | 0.4 |  |  | — |  |  | (2.6 | )
Net increase in cash and cash equivalents | 119.2 |  |  | 247.4 |  |  | 31.4 |  |  | — |  |  | 398.0 |
Cash and cash equivalents, beginning of period | 210.0 |  |  | 269.4 |  |  | 81.0 |  |  | — |  |  | 560.4 |
Cash and cash equivalents, end of period | $ | 329.2 |  |  | $ | 516.8 |  |  | $ | 112.4 |  |  | $ | — |  |  | $ | 958.4 |

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