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Supplemental Guarantor Condensed Consolidating Financials | 9 Months Ended
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Jun. 27, 2015
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 27, 2015 and September 27, 2014 and for the three and nine months ended June 27, 2015 and June 28, 2014, as applicable. SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Three Months Ended June 27, 2015
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
Product | $ | 172.2 |  |  | $ | 448.6 |  |  | $ | 116.2 |  |  | $ | (154.0 | ) |  | $ | 583.0 |
Service and other | 94.6 |  |  | 10.0 |  |  | 13.2 |  |  | (6.9 | ) |  | 110.9 |
| 266.8 |  |  | 458.6 |  |  | 129.4 |  |  | (160.9 | ) |  | 693.9 |
Costs of revenues: |  |  |  |  |  |  |  |  |
Product | 84.0 |  |  | 171.0 |  |  | 85.2 |  |  | (154.0 | ) |  | 186.2 |
Amortization of intangible assets | 0.8 |  |  | 72.2 |  |  | 0.1 |  |  | — |  |  | 73.1 |
Service and other | 46.4 |  |  | 8.1 |  |  | 8.3 |  |  | (6.9 | ) |  | 55.9 |
Gross Profit | 135.6 |  |  | 207.3 |  |  | 35.8 |  |  | — |  |  | 378.7 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 10.2 |  |  | 44.0 |  |  | 1.8 |  |  | — |  |  | 56.0 |
Selling and marketing | 26.8 |  |  | 50.0 |  |  | 17.5 |  |  | — |  |  | 94.3 |
General and administrative | 21.5 |  |  | 43.2 |  |  | 8.4 |  |  | — |  |  | 73.1 |
Amortization of intangible assets | 0.2 |  |  | 26.2 |  |  | 1.0 |  |  | — |  |  | 27.4 |
Restructuring and divestiture charges | 10.1 |  |  | — |  |  | 1.8 |  |  | — |  |  | 11.9 |
| 68.8 |  |  | 163.4 |  |  | 30.5 |  |  | — |  |  | 262.7 |
Income (loss) from operations | 66.8 |  |  | 43.9 |  |  | 5.3 |  |  | — |  |  | 116.0 |
Interest income | 0.2 |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.3 |
Interest expense | (51.8 | ) |  | (0.3 | ) |  | (0.3 | ) |  | — |  |  | (52.4 | )
Debt extinguishment loss | (18.2 | ) |  | — |  |  | — |  |  | — |  |  | (18.2 | )
Other income (expense), net | 1.1 |  |  | 0.3 |  |  | (0.3 | ) |  | (0.1 | ) |  | 1.0 |
Income (loss) before income taxes | (1.9 | ) |  | 43.9 |  |  | 4.8 |  |  | (0.1 | ) |  | 46.7 |
Provision for income taxes | 4.3 |  |  | 12.3 |  |  | 0.7 |  |  | — |  |  | 17.3 |
Equity in earnings (losses) of subsidiaries | 35.6 |  |  | 3.5 |  |  | — |  |  | (39.1 | ) |  | — |
Net income (loss) | $ | 29.4 |  |  | $ | 35.1 |  |  | $ | 4.1 |  |  | $ | (39.2 | ) |  | $ | 29.4 |
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Nine Months Ended June 27, 2015
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
Product | $ | 438.3 |  |  | $ | 1,312.1 |  |  | $ | 348.9 |  |  | $ | (423.3 | ) |  | $ | 1,676.0 |
Service and other | 278.1 |  |  | 39.9 |  |  | 38.1 |  |  | (29.9 | ) |  | 326.2 |
| 716.4 |  |  | 1,352.0 |  |  | 387.0 |  |  | (453.2 | ) |  | 2,002.2 |
Costs of revenues: |  |  |  |  |  |  |  |  |
Product | 217.9 |  |  | 515.2 |  |  | 249.8 |  |  | (423.3 | ) |  | 559.6 |
Amortization of intangible assets | 3.6 |  |  | 221.8 |  |  | 0.2 |  |  | — |  |  | 225.6 |
Service and other | 130.9 |  |  | 38.7 |  |  | 24.0 |  |  | (29.9 | ) |  | 163.7 |
Gross Profit | 364.0 |  |  | 576.3 |  |  | 113.0 |  |  | — |  |  | 1,053.3 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 28.2 |  |  | 127.8 |  |  | 5.2 |  |  | — |  |  | 161.2 |
Selling and marketing | 74.3 |  |  | 132.5 |  |  | 56.5 |  |  | — |  |  | 263.3 |
General and administrative | 56.3 |  |  | 113.8 |  |  | 24.6 |  |  | — |  |  | 194.7 |
Amortization of intangible assets | 1.1 |  |  | 78.5 |  |  | 3.2 |  |  | — |  |  | 82.8 |
Restructuring and divestiture charges | 11.5 |  |  | 0.6 |  |  | 9.8 |  |  | — |  |  | 21.9 |
| 171.4 |  |  | 453.2 |  |  | 99.3 |  |  | — |  |  | 723.9 |
Income from operations | 192.6 |  |  | 123.1 |  |  | 13.7 |  |  | — |  |  | 329.4 |
Interest income | 0.6 |  |  | 1.2 |  |  | 0.5 |  |  | (1.3 | ) |  | 1.0 |
Interest expense | (152.2 | ) |  | (2.0 | ) |  | (1.5 | ) |  | 1.4 |  |  | (154.3 | )
Debt extinguishment loss | (24.9 | ) |  | — |  |  | — |  |  | — |  |  | (24.9 | )
Other income (expense), net | 251.6 |  |  | (251.1 | ) |  | 0.5 |  |  | (0.4 | ) |  | 0.6 |
Income (loss) before income taxes | 267.7 |  |  | (128.8 | ) |  | 13.2 |  |  | (0.3 | ) |  | 151.8 |
Provision for income taxes | 14.3 |  |  | 28.0 |  |  | 3.0 |  |  | — |  |  | 45.3 |
Equity in earnings (losses) of subsidiaries | (146.9 | ) |  | 6.4 |  |  | — |  |  | 140.5 |  |  | — |
Net income (loss) | $ | 106.5 |  |  | $ | (150.4 | ) |  | $ | 10.2 |  |  | $ | 140.2 |  |  | $ | 106.5 |
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 income (expense), 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 income (expense), 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 STATEMENTS OF COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 27, 2015
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 29.4 |  |  | $ | 35.1 |  |  | $ | 4.1 |  |  | $ | (39.2 | ) |  | $ | 29.4 |
Changes in foreign currency translation adjustment | — |  |  | 0.3 |  |  | 4.2 |  |  | — |  |  | 4.5 |
Changes in unrealized holding gain on available-for-sale securities | — |  |  | (0.7 | ) |  | — |  |  | — |  |  | (0.7 | )
Changes in value of hedged interest rate caps, net of tax | (0.7 | ) |  | — |  |  | — |  |  | — |  |  | (0.7 | )
Comprehensive income (loss) | $ | 28.7 |  |  | $ | 34.7 |  |  | $ | 8.3 |  |  | $ | (39.2 | ) |  | $ | 32.5 |
For the Nine Months Ended June 27, 2015
| Parent/Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 106.5 |  |  | $ | (150.4 | ) |  | $ | 10.2 |  |  | $ | 140.2 |  |  | $ | 106.5 |
Changes in foreign currency translation adjustment | — |  |  | (0.2 | ) |  | (13.8 | ) |  | — |  |  | (14.0 | )
Changes in unrealized holding gain on available-for-sale securities | — |  |  | (3.9 | ) |  | — |  |  | — |  |  | (3.9 | )
Changes in pension plans, net of taxes | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Changes in value of hedged interest rate caps, net of tax | (2.3 | ) |  | — |  |  | — |  |  | — |  |  | (2.3 | )
Comprehensive income (loss) | $ | 104.2 |  |  | $ | (154.5 | ) |  | $ | (3.5 | ) |  | $ | 140.2 |  |  | $ | 86.4 |
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 loss 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 loss on available-for-sale securities | — |  |  | 2.0 |  |  | — |  |  | — |  |  | 2.0 |
Changes in pension plans, net of taxes | — |  |  | — |  |  | (0.6 | ) |  | — |  |  | (0.6 | )
Comprehensive (loss) income | $ | (10.8 | ) |  | $ | 57.8 |  |  | $ | (55.9 | ) |  | $ | (4.2 | ) |  | $ | (13.1 | )
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET June 27, 2015
| Parent/ Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 536.5 |  |  | $ | 175.8 |  |  | $ | 172.7 |  |  | $ | — |  |  | $ | 885.0 |
Restricted cash | — |  |  | — |  |  | 3.8 |  |  | — |  |  | 3.8 |
Accounts receivable, net | 133.4 |  |  | 180.7 |  |  | 68.7 |  |  | — |  |  | 382.8 |
Inventories | 84.2 |  |  | 167.9 |  |  | 42.9 |  |  | — |  |  | 295.0 |
Deferred income tax assets | — |  |  | 9.1 |  |  | 1.0 |  |  | (10.1 | ) |  | — |
Prepaid income taxes | 20.2 |  |  | 3.1 |  |  | 0.4 |  |  | — |  |  | 23.7 |
Prepaid expenses and other current assets | 20.1 |  |  | 7.7 |  |  | 10.7 |  |  | — |  |  | 38.5 |
Intercompany receivables | — |  |  | 2,959.2 |  |  | 7.4 |  |  | (2,966.6 | ) |  | — |
Total current assets | 794.4 |  |  | 3,503.5 |  |  | 307.6 |  |  | (2,976.7 | ) |  | 1,628.8 |
Property, plant and equipment, net | 25.9 |  |  | 335.0 |  |  | 89.0 |  |  | — |  |  | 449.9 |
Intangible assets, net | 21.2 |  |  | 3,076.6 |  |  | 38.0 |  |  | (10.4 | ) |  | 3,125.4 |
Goodwill | 328.6 |  |  | 2,390.0 |  |  | 90.4 |  |  | — |  |  | 2,809.0 |
Other assets | 69.7 |  |  | 46.4 |  |  | 1.3 |  |  | — |  |  | 117.4 |
Long term intercompany receivables | — |  |  | — |  |  | 13.0 |  |  | (13.0 | ) |  | — |
Investment in subsidiaries | 8,406.2 |  |  | 209.8 |  |  | — |  |  | (8,616.0 | ) |  | — |
Total assets | $ | 9,646.0 |  |  | $ | 9,561.3 |  |  | $ | 539.3 |  |  | $ | (11,616.1 | ) |  | $ | 8,130.5 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 671.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 671.5 |
Accounts payable | 39.0 |  |  | 39.5 |  |  | 11.4 |  |  | — |  |  | 89.9 |
Accrued expenses | 147.7 |  |  | 68.8 |  |  | 43.3 |  |  | (0.3 | ) |  | 259.5 |
Deferred revenue | 116.8 |  |  | 10.1 |  |  | 25.3 |  |  | — |  |  | 152.2 |
Deferred income tax liability | 26.2 |  |  | — |  |  | — |  |  | (10.1 | ) |  | 16.1 |
Intercompany payables | 2,924.1 |  |  | — |  |  | 42.5 |  |  | (2,966.6 | ) |  | — |
Total current liabilities | 3,925.3 |  |  | 118.4 |  |  | 122.5 |  |  | (2,977.0 | ) |  | 1,189.2 |
Long-term debt, net of current portion | 3,270.8 |  |  | — |  |  | — |  |  | — |  |  | 3,270.8 |
Deferred income tax liabilities | 49.5 |  |  | 1,156.7 |  |  | 3.5 |  |  | — |  |  | 1,209.7 |
Deferred revenue | 7.8 |  |  | 3.7 |  |  | 6.1 |  |  | — |  |  | 17.6 |
Long-term intercompany payables | 13.0 |  |  | — |  |  | — |  |  | (13.0 | ) |  | — |
Other long-term liabilities | 142.5 |  |  | 28.9 |  |  | 34.7 |  |  | — |  |  | 206.1 |
Total stockholders’ equity | 2,237.1 |  |  | 8,253.6 |  |  | 372.5 |  |  | (8,626.1 | ) |  | 2,237.1 |
Total liabilities and stockholders’ equity | $ | 9,646.0 |  |  | $ | 9,561.3 |  |  | $ | 539.3 |  |  | $ | (11,616.1 | ) |  | $ | 8,130.5 |
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 Nine Months Ended June 27, 2015
| Parent/ Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 599.4 |  |  | $ | (77.9 | ) |  | $ | 32.1 |  |  | $ | — |  |  | $ | 553.6 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchase of property and equipment | (8.0 | ) |  | (14.1 | ) |  | (5.8 | ) |  | — |  |  | (27.9 | )
Increase in equipment under customer usage agreements | — |  |  | (19.6 | ) |  | (10.6 | ) |  | — |  |  | (30.2 | )
Net purchases of insurance contracts | (6.4 | ) |  | — |  |  | — |  |  | — |  |  | (6.4 | )
Sales of mutual funds | 7.7 |  |  | — |  |  | — |  |  | — |  |  | 7.7 |
Increase in other assets | (0.8 | ) |  | (0.2 | ) |  | 1.0 |  |  | — |  |  | — |
Net cash used in investing activities | (7.5 | ) |  | (33.9 | ) |  | (15.4 | ) |  | — |  |  | (56.8 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Repayment of long-term debt | (2,045.0 | ) |  | — |  |  | — |  |  | — |  |  | (2,045.0 | )
Net proceeds from long-term debt | 1,495.1 |  |  | — |  |  | — |  |  | — |  |  | 1,495.1 |
Proceeds from revolving credit line | 175.0 |  |  | — |  |  | — |  |  | — |  |  | 175.0 |
Payment of debt issuance costs | (8.3 | ) |  | — |  |  | — |  |  | — |  |  | (8.3 | )
Purchase of interest rate caps | (6.1 | ) |  | — |  |  | — |  |  | — |  |  | (6.1 | )
Net proceeds from issuance of common stock pursuant to employee stock plans | 50.4 |  |  | — |  |  | — |  |  | — |  |  | 50.4 |
Excess tax benefit related to equity awards | 8.0 |  |  | — |  |  | — |  |  | — |  |  | 8.0 |
Payment of minimum tax withholdings on net share settlement of equity awards | (12.6 | ) |  | — |  |  | — |  |  | — |  |  | (12.6 | )
Net cash used in financing activities | (343.5 | ) |  | — |  |  | — |  |  | — |  |  | (343.5 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | (0.2 | ) |  | (4.2 | ) |  | — |  |  | (4.4 | )
Net increase (decrease) in cash and cash equivalents | 248.4 |  |  | (112.0 | ) |  | 12.5 |  |  | — |  |  | 148.9 |
Cash and cash equivalents, beginning of period | 288.1 |  |  | 287.8 |  |  | 160.2 |  |  | — |  |  | 736.1 |
Cash and cash equivalents, end of period | $ | 536.5 |  |  | $ | 175.8 |  |  | $ | 172.7 |  |  | $ | — |  |  | $ | 885.0 |
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 operating activities | $ | 412.6 |  |  | $ | (81.1 | ) |  | $ | 45.2 |  |  | $ | — |  |  | $ | 376.7 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Net proceeds from sale of business | — |  |  | — |  |  | 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 settlements 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 |

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