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 March 28, 2015 and September 27, 2014 and for the three and six months ended March 28, 2015 and March 29, 2014, as applicable.

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended March 28, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	134.5		$	437.7		$	112.7		$	(138.5	)	$	546.4
Service and other	92.5			14.3			12.8			(10.5		)	109.1
	227.0			452.0			125.5			(149.0		)	655.5
Costs of revenues:
Product	75.6			173.3			76.3			(138.5		)	186.7
Amortization of intangible assets	1.2			77.3			0.1			—			78.6
Service and other	49.3			14.5			0.9			(10.5		)	54.2
Gross Profit	100.9			186.9			48.2			—			336.0
Operating expenses:
Research and development	9.7			41.9			1.7			—			53.3
Selling and marketing	23.1			42.0			17.9			—			83.0
General and administrative	17.5			35.4			7.4			—			60.3
Amortization of intangible assets	0.2			26.2			1.2			—			27.6
Restructuring and divestiture charges	(0.4		)	0.1			2.3			—			2.0
	50.1			145.6			30.5			—			226.2
Income (loss) from operations	50.8			41.3			17.7			—			109.8
Interest income	1.1			—			0.3			(1.1		)	0.3
Interest expense	(48.5		)	(1.4		)	(0.6		)	1.1			(49.4		)
Debt extinguishment loss	—			—			—			—			—
Other (expense) income, net	199.8			(200.1		)	0.6			(0.2		)	0.1
Income (loss) before income taxes	203.2			(160.2		)	18.0			(0.2		)	60.8
Provision for income taxes	8.6			3.4			1.0			—			13.0
Equity in earnings (losses) of subsidiaries	(146.8		)	1.0			—			145.8			—
Net income (loss)	$	47.8		$	(162.6	)	$	17.0		$	145.6		$	47.8

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Six Months Ended March 28, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	266.1		$	863.5		$	232.7		$	(269.3	)	$	1,093.0
Service and other	183.4			30.0			24.9			(23.0		)	215.3
	449.5			893.5			257.6			(292.3		)	1,308.3
Costs of revenues:
Product	133.9			344.2			164.6			(269.3		)	373.4
Amortization of intangible assets	2.8			149.5			0.2			—			152.5
Service and other	84.5			30.6			15.7			(23.0		)	107.8
Gross Profit	228.3			369.2			77.1			—			674.6
Operating expenses:
Research and development	18.0			83.8			3.4			—			105.2
Selling and marketing	47.4			82.6			39.0			—			169.0
General and administrative	34.8			70.7			16.2			—			121.7
Amortization of intangible assets	0.9			52.3			2.2			—			55.4
Restructuring and divestiture charges	1.4			0.6			8.0			—			10.0
	102.5			290.0			68.8			—			461.3
Income from operations	125.8			79.2			8.3			—			213.3
Interest income	0.4			1.2			0.4			(1.3		)	0.7
Interest expense	(100.4		)	(1.6		)	(1.2		)	1.3			(101.9		)
Debt extinguishment loss	(6.7		)	—			—			—			(6.7		)
Other (expense) income, net	250.5			(251.4		)	0.7			(0.3		)	(0.5		)
Income (loss) before income taxes	269.6			(172.6		)	8.2			(0.3		)	104.9
Provision for income taxes	10.0			15.7			2.2			—			27.9
Equity in earnings (losses) of subsidiaries	(182.6		)	3.0			—			179.6			—
Net income (loss)	$	77.0		$	(185.3	)	$	6.0		$	179.3		$	77.0

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended March 29, 2014



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	122.9		$	386.0		$	121.6		$	(109.4	)	$	521.1
Service and other	88.6			17.1			12.3			(14.1		)	103.9
	211.5			403.1			133.9			(123.5		)	625.0
Costs of revenues:
Product	58.0			145.7			91.4			(109.4		)	185.7
Amortization of intangible assets	1.4			74.6			0.9			—			76.9
Impairment of intangible assets	—			—			26.6			—			26.6
Service and other	51.1			13.9			2.8			(14.1		)	53.7
Gross Profit	101.0			168.9			12.2			—			282.1
Operating expenses:
Research and development	7.7			40.0			2.2			—			49.9
Selling and marketing	17.9			40.5			20.3			—			78.7
General and administrative	15.1			35.6			11.4			—			62.1
Amortization of intangible assets	1.1			26.9			1.1			—			29.1
Impairment of intangible assets	—			—			0.5			—			0.5
Restructuring and divestiture charges	1.7			2.3			7.6			—			11.6
	43.5			145.3			43.1			—			231.9
Income (loss) from operations	57.5			23.6			(30.9		)	—			50.2
Interest income	0.1			0.9			0.3			(1.2		)	0.1
Interest expense	(54.7		)	(0.3		)	(0.6		)	1.2			(54.4		)
Debt extinguishment loss	(4.4		)	—			—			—			(4.4		)
Other expense, net	(2.9		)	(0.2		)	(0.2		)	—			(3.3		)
(Loss) income before income taxes	(4.4		)	24.0			(31.4		)	—			(11.8		)
Provision (benefit) for income taxes	(1.7		)	4.6			2.1			—			5.0
Equity in earnings (losses) of subsidiaries	(14.1		)	1.0			—			13.1			—
Net (loss) income	$	(16.8	)	$	20.4		$	(33.5	)	$	13.1		$	(16.8	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Six Months Ended March 29, 2014



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	228.4		$	767.5		$	248.0		$	(210.4	)	$	1,033.5
Service and other	174.5			32.9			24.1			(27.6		)	203.9
	402.9			800.4			272.1			(238.0		)	1,237.4
Costs of revenues:
Product	110.9			284.4			177.7			(210.4		)	362.6
Amortization of intangible assets	2.8			148.7			2.0			—			153.5
Impairment of intangible assets	—			—			26.6			—			26.6
Service and other	93.4			21.5			19.7			(27.6		)	107.0
Gross Profit	195.8			345.8			46.1			—			587.7
Operating expenses:
Research and development	15.2			78.9			4.5			—			98.6
Selling and marketing	35.8			83.3			42.8			—			161.9
General and administrative	29.8			77.0			23.1			—			129.9
Amortization of intangible assets	1.9			51.0			2.4			—			55.3
Impairment of intangible assets	—			—			0.5			—			0.5
Restructuring and divestiture charges	6.6			12.1			11.3			—			30.0
	89.3			302.3			84.6			—			476.2
Income (loss) from operations	106.5			43.5			(38.5		)	—			111.5
Interest income	0.2			1.2			0.5			(1.4		)	0.5
Interest expense	(115.3		)	(0.6		)	(1.2		)	1.4			(115.7		)
Debt extinguishment loss	(7.4		)	—			—			—			(7.4		)
Other expense (income), net	6.6			(9.5		)	0.8			—			(2.1		)
(Loss) income before income taxes	(9.4		)	34.6			(38.4		)	—			(13.2		)
Provision (benefit) for income taxes	(1.8		)	6.2			4.5			—			8.9
Equity in earnings (losses) of subsidiaries	(14.5		)	11.1			—			3.4			—
Net (loss) income	$	(22.1	)	$	39.5		$	(42.9	)	$	3.4		$	(22.1	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 28, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net income (loss)	$	47.8		$	(162.6	)	$	17.0		$	145.6	$	47.8
Changes in foreign currency translation adjustment	—			(0.2		)	(9.3		)	—		(9.5		)
Changes in unrealized holding gain on available-for-sale securities	—			(8.3		)	—			—		(8.3		)
Changes in value of hedged interest rate caps, net of tax	(1.6		)	—			—			—		(1.6		)
Comprehensive income (loss)	$	46.2		$	(171.1	)	$	7.7		$	145.6	$	28.4

For the Six Months Ended March 28, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net income (loss)	$	77.0		$	(185.3	)	$	6.0		$	179.3	$	77.0
Changes in foreign currency translation adjustment	—			(0.5		)	(18.0		)	—		(18.5		)
Changes in unrealized holding gain on available-for-sale securities	—			(3.2		)	—			—		(3.2		)
Changes in pension plans, net of taxes	—			—			0.1			—		0.1
Changes in value of hedged interest rate caps, net of tax	(1.6		)	—			—			—		(1.6		)
Comprehensive income (loss)	$	75.4		$	(189.0	)	$	(11.9	)	$	179.3	$	53.8

For the Three Months Ended March 29, 2014



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net (loss) income	$	(16.8	)	$	20.4		$	(33.5	)	$	13.1	$	(16.8	)
Changes in foreign currency translation adjustment	—			—			(5.8		)	—		(5.8		)
Changes in unrealized holding loss on available-for-sale securities	—			(1.0		)	—			—		(1.0		)
Comprehensive (loss) income	$	(16.8	)	$	19.4		$	(39.3	)	$	13.1	$	(23.6	)

For the Six Months Ended March 29, 2014



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net (loss) income	$	(22.1	)	$	39.5		$	(42.9	)	$	3.4	$	(22.1	)
Changes in foreign currency translation adjustment	—			0.1			(7.1		)	—		(7.0		)
Changes in unrealized holding loss on available-for-sale securities	—			(2.2		)	—			—		(2.2		)
Changes in pension plans, net of taxes	—			—			(0.6		)	—		(0.6		)
Comprehensive (loss) income	$	(22.1	)	$	37.4		$	(50.6	)	$	3.4	$	(31.9	)

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET

March 28, 2015



	Parent/ Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	370.9	$	148.2	$	151.4	$	—		$	670.5
Restricted cash	—		—		4.6		—			4.6
Accounts receivable, net	125.3		178.0		77.7		—			381.0
Inventories	90.7		163.8		43.7		—			298.2
Deferred income tax assets	—		10.2		1.0		(11.2		)	—
Prepaid income taxes	18.3		3.1		—		(0.3		)	21.1
Prepaid expenses and other current assets	22.6		9.5		8.8		—			40.9
Intercompany receivables	—		2,850.8		11.1		(2,861.9		)	—
Total current assets	627.8		3,363.6		298.3		(2,873.4		)	1,416.3
Property, plant and equipment, net	26.8		336.1		88.1		—			451.0
Intangible assets, net	22.2		3,175.1		39.0		(10.5		)	3,225.8
Goodwill	328.5		2,390.4		90.2		—			2,809.1
Other assets	80.4		47.9		1.3		—			129.6
Long term intercompany receivables	—		—		13.0		(13.0		)	—
Investment in subsidiaries	8,342.7		212.6		—		(8,555.3		)	—
Total assets	$	9,428.4	$	9,525.7	$	529.9	$	(11,452.2	)	$	8,031.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	581.7	$	—	$	—	$	—		$	581.7
Accounts payable	28.8		33.4		11.5		—			73.7
Accrued expenses	119.0		59.8		39.3		(0.3		)	217.8
Deferred revenue	118.6		10.2		27.7		—			156.5
Deferred income tax liability	25.7		—		—		(11.2		)	14.5
Intercompany payables	2,820.2		—		42.0		(2,862.2		)	—
Total current liabilities	3,694.0		103.4		120.5		(2,873.7		)	1,044.2
Long-term debt, net of current portion	3,358.1		—		—		—			3,358.1
Deferred income tax liabilities	50.5		1,189.2		3.8		—			1,243.5
Deferred revenue	7.9		3.8		5.9		—			17.6
Long-term intercompany payables	13.0		—		—		(13.0		)	—
Other long-term liabilities	136.3		29.1		34.4		—			199.8
Total stockholders’ equity	2,168.6		8,200.2		365.3		(8,565.5		)	2,168.6
Total liabilities and stockholders’ equity	$	9,428.4	$	9,525.7	$	529.9	$	(11,452.2	)	$	8,031.8

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET

September 27, 2014



	Parent/ Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	288.1	$	287.8	$	160.2	$	—		$	736.1
Restricted cash	—		—		5.5		—			5.5
Accounts receivable, net	128.4		182.5		85.1		—			396.0
Inventories	88.6		190.1		51.9		—			330.6
Deferred income tax assets	26.2		12.1		1.1		—			39.4
Prepaid income taxes	20.3		3.2		—		(1.1		)	22.4
Prepaid expenses and other current assets	16.2		11.0		8.6		—			35.8
Intercompany receivables	—		2,702.1		18.1		(2,720.2		)	—
Total current assets	567.8		3,388.8		330.5		(2,721.3		)	1,565.8
Property, plant and equipment, net	29.7		337.1		95.1		—			461.9
Intangible assets, net	25.1		3,377.3		41.9		(10.7		)	3,433.6
Goodwill	282.4		2,390.9		137.5		—			2,810.8
Other assets	88.4		52.7		1.5		—			142.6
Long term intercompany receivables	—		—		13.0		(13.0		)	—
Investments in subsidiaries	8,526.0		221.7		—		(8,747.7		)	—
Total assets	$	9,519.4	$	9,768.5	$	619.5	$	(11,492.7	)	$	8,414.7
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	114.5	$	—	$	—	$	—		$	114.5
Accounts payable	34.8		46.1		11.2		—			92.1
Accrued expenses	139.4		69.5		54.3		(1.1		)	262.1
Deferred revenue	113.5		7.4		30.0		—			150.9
Intercompany payables	2,676.2		—		44.2		(2,720.4		)	—
Total current liabilities	3,078.4		123.0		139.7		(2,721.5		)	619.6
Long-term debt, net of current portion	4,153.2		—		—		—			4,153.2
Deferred income tax liabilities	90.9		1,279.1		5.4		—			1,375.4
Deferred revenue	8.3		3.6		8.2		—			20.1
Long-term intercompany payables	13.0		—		—		(13.0		)	—
Other long-term liabilities	112.6		34.3		36.5		—			183.4
Total stockholders’ equity	2,063.0		8,328.5		429.7		(8,758.2		)	2,063.0
Total liabilities and stockholders’ equity	$	9,519.4	$	9,768.5	$	619.5	$	(11,492.7	)	$	8,414.7

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended March 28, 2015



	Parent/ Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	420.0		$	(116.7	)	$	8.0		$	—	$	311.3
INVESTING ACTIVITIES
Purchase of property and equipment	(5.4		)	(9.5		)	(5.1		)	—		(20.0		)
Increase in equipment under customer usage agreements	—			(12.8		)	(6.9		)	—		(19.7		)
Net purchases of insurance contracts	(6.4		)	—			—			—		(6.4		)
Sales of mutual funds	7.7			—			—			—		7.7
Increase in other assets	(0.8		)	(0.1		)	0.3			—		(0.6		)
Net cash used in investing activities	(4.9		)	(22.4		)	(11.7		)	—		(39.0		)
FINANCING ACTIVITIES
Repayment of long-term debt	(357.5		)	—			—			—		(357.5		)
Purchase of interest rate caps	(6.1		)	—			—			—		(6.1		)
Net proceeds from issuance of common stock pursuant to employee stock plans	37.4			—			—			—		37.4
Excess tax benefit related to equity awards	6.0			—			—			—		6.0
Payment of minimum tax withholdings on net share settlement of equity awards	(12.1		)	—			—			—		(12.1		)
Net cash used in financing activities	(332.3		)	—			—			—		(332.3		)
Effect of exchange rate changes on cash and cash equivalents	—			(0.5		)	(5.1		)	—		(5.6		)
Net decrease in cash and cash equivalents	82.8			(139.6		)	(8.8		)	—		(65.6		)
Cash and cash equivalents, beginning of period	288.1			287.8			160.2			—		736.1
Cash and cash equivalents, end of period	$	370.9		$	148.2		$	151.4		$	—	$	670.5

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended March 29, 2014



	Parent/ Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
OPERATING ACTIVITIES
Net cash provided by operating activities	$	343.4		$	(122.5	)	$	(2.6	)	$	—	$	218.3
INVESTING ACTIVITIES
Net proceeds from sale of business	—			—			2.4			—		2.4
Purchase of property and equipment	(5.7		)	(9.6		)	(4.5		)	—		(19.8		)
Increase in equipment under customer usage agreements	(0.5		)	(10.6		)	(6.9		)	—		(18.0		)
Net sales of insurance contracts	13.8			—			—			—		13.8
Purchases of mutual funds	(29.7		)	—			—			—		(29.7		)
Sales of mutual funds	18.6			—			—			—		18.6
(Increase) decrease in other assets	(0.9		)	(2.0		)	1.0			—		(1.9		)
Net cash provided by (used in) investing activities	(4.4		)	(22.2		)	(8.0		)	—		(34.6		)
FINANCING ACTIVITIES
Repayment of long-term debt	(562.5		)	—			—			—		(562.5		)
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	53.7			—			—			—		53.7
Excess tax benefit related to equity awards	4.1			—			—			—		4.1
Payment of minimum tax withholdings on net share settlements of equity awards	(9.1		)	—			—			—		(9.1		)
Net cash used in financing activities	(521.2		)	—			—			—		(521.2		)
Effect of exchange rate changes on cash and cash equivalents	—			0.1			(0.6		)	—		(0.5		)
Net decrease in cash and cash equivalents	(182.2		)	(144.6		)	(11.2		)	—		(338.0		)
Cash and cash equivalents, beginning of period	321.5			387.5			113.5			—		822.5
Cash and cash equivalents, end of period	$	139.3		$	242.9		$	102.3		$	—	$	484.5