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Supplementary Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jun. 30, 2020
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Data

 

In millions, except per share amounts

 

Quarters Ended

 

 

 

Jun 30,

 

 

Mar 31,

 

 

Dec 31,

 

 

Sep 30,

 

Consolidated Statement of Operations Data:

 

2019

 

 

2019

 

 

2018

 

 

2018

 

Molecular diagnostic testing

 

$

196.9

 

 

$

200.5

 

 

$

203.0

 

 

$

189.0

 

Pharmaceutical and clinical services

 

 

18.5

 

 

 

16.1

 

 

 

13.8

 

 

 

13.3

 

Total revenue

 

 

215.4

 

 

 

216.6

 

 

 

216.8

 

 

 

202.3

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of molecular diagnostic testing

 

 

41.6

 

 

 

40.3

 

 

 

44.0

 

 

 

42.3

 

Cost of pharmaceutical and clinical services

 

 

9.0

 

 

 

8.3

 

 

 

8.1

 

 

 

7.4

 

Research and development expense

 

 

20.9

 

 

 

21.5

 

 

 

22.4

 

 

 

21.1

 

Change in contingent consideration

 

 

(0.3

)

 

 

 

 

 

1.0

 

 

 

0.4

 

Selling, general and administrative expense

 

 

149.8

 

 

 

140.6

 

 

 

135.2

 

 

 

129.9

 

Total costs and expenses

 

 

221.0

 

 

 

210.7

 

 

 

210.7

 

 

 

201.1

 

Operating income (loss)

 

 

(5.6

)

 

 

5.9

 

 

 

6.1

 

 

 

1.2

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

0.9

 

 

 

0.7

 

 

 

0.9

 

 

 

0.7

 

Interest expense

 

 

(3.2

)

 

 

(3.2

)

 

 

(3.4

)

 

 

(2.2

)

Other

 

 

0.2

 

 

 

(0.1

)

 

 

 

 

 

1.1

 

Total other income (expense)

 

 

(2.1

)

 

 

(2.6

)

 

 

(2.5

)

 

 

(0.4

)

Income (loss) before income taxes

 

 

(7.7

)

 

 

3.3

 

 

 

3.6

 

 

 

0.8

 

Income tax provision (benefit)

 

 

(3.4

)

 

 

(3.6

)

 

 

1.0

 

 

 

1.6

 

Net income (loss)

 

 

(4.3

)

 

 

6.9

 

 

 

2.6

 

 

 

(0.8

)

Net loss attributable to non-controlling interest

 

 

(0.1

)

 

 

 

 

 

 

 

 

(0.1

)

Net income (loss) attributable to Myriad Genetics,

   Inc. stockholders

 

$

(4.2

)

 

$

6.9

 

 

$

2.6

 

 

$

(0.7

)

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.06

)

 

$

0.09

 

 

$

0.04

 

 

$

(0.01

)

Diluted

 

$

(0.06

)

 

$

0.09

 

 

$

0.03

 

 

$

(0.01

)

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

73.4

 

 

 

73.3

 

 

 

74.2

 

 

 

73.0

 

Diluted

 

 

74.8

 

 

 

74.9

 

 

 

76.5

 

 

 

73.0