XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income attributable to Myriad Genetics, Inc. stockholders $ 124.6 $ 9.0
Net Income attributable to Myriad Genetics, Inc. stockholders 124.4 8.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39.3 35.0
Non-cash interest expense 0.1 0.4
Loss (gain) on disposition of assets 0.1 (0.2)
Share-based compensation expense 20.0 22.7
Impairment of cost basis investment   2.4
Bad debt expense 23.2 27.3
Loss on extinguishment of debt   1.3
Deferred income taxes (24.9) 2.0
Unrecognized tax benefits 2.7 0.9
Change in the fair value of contingent consideration (61.3) 2.0
Payment of contingent consideration (20.8)  
Changes in assets and liabilities:    
Prepaid expenses 2.7 10.9
Trade accounts receivable (42.3) (40.3)
Other receivables 4.1 (3.2)
Inventory 8.9 (6.5)
Prepaid taxes (3.7) 3.6
Accounts payable (2.0) 2.0
Accrued liabilities (2.6) (0.6)
Deferred revenue (0.1) 1.0
Net cash provided by operating activities 68.0 69.6
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (6.6) (5.4)
Acquisitions, net of cash acquired   (216.1)
Sale of cost basis investment   2.6
Purchases of marketable investment securities (79.4) (74.6)
Proceeds from maturities and sales of marketable investment securities 65.5 142.9
Net cash used in investing activities (20.5) (150.6)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from common stock issued under share-based compensation plans 18.2 1.3
Net proceeds from revolving credit facility 53.0 204.0
Repayment of revolving credit facility (83.0) (37.0)
Net proceeds from term loan   199.0
Repayment of term loan   (200.0)
Payment of contingent consideration recorded in purchase accounting (42.4)  
Fees paid for extinguishment of debt   (0.6)
Repurchase and retirement of common stock   (31.6)
Proceeds from non-controlling interest 0.5  
Net cash provided by (used in) financing activities (53.7) 135.1
Effect of foreign exchange rates on cash and cash equivalents 1.2 1.2
Net increase (decrease) in cash and cash equivalents (5.0) 55.3
Cash and cash equivalents at beginning of the period 102.4 68.5
Cash and cash equivalents at end of the period $ 97.4 $ 123.8