XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss attributable to Myriad Genetics, Inc. stockholders $ (14.1) $ (20.5) $ (4.7) $ (39.5) $ (34.6) $ (44.2)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:              
Depreciation and amortization         25.9 35.3  
Non-cash interest expense         0.4 0.8  
Non-cash lease expense         5.7 6.8  
Stock-based compensation expense         20.5 17.9  
Deferred income taxes         (10.6) (11.5)  
Unrecognized tax benefits         (0.2) 0.4  
Loss on inventory     6.6   0.0 6.6  
Impairment of goodwill and long-lived assets 0.0   1.8   10.7 1.8  
Gain on sale of assets         0.0 (32.4)  
Changes in assets and liabilities:              
Prepaid expenses and other current assets         2.3 (4.4)  
Trade accounts receivable         (18.9) (12.3)  
Inventory         (0.1) (0.8)  
Prepaid taxes         (0.9) 89.8  
Other assets         (1.0) (2.7)  
Accounts payable         (8.2) 8.1  
Accrued liabilities         (82.9) 17.4  
Deferred revenues         (4.9) (9.2)  
Net cash provided by (used in) operating activities         (96.8) 67.4  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Capital expenditures         (13.0) (11.6)  
Proceeds from sale of assets         0.0 32.5  
Purchases of marketable investment securities         (85.5) (36.6)  
Proceeds from maturities and sales of marketable investment securities         45.2 25.0  
Net cash provided by (used in) investing activities         (53.3) 9.3  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from common stock issued under stock-based compensation plans         3.0 50.1  
Payment of tax withheld for common stock issued under stock-based compensation plans         (5.3) (0.6)  
Payment of contingent consideration recognized at acquisition         0.0 (3.3)  
Fees associated with refinancing of revolving credit facility         0.0 (1.2)  
Repayment of revolving credit facility         0.0 (120.0)  
Net cash used in financing activities         (2.3) (75.0)  
Effect of foreign exchange rates on cash and cash equivalents         (0.8) (0.3)  
Net increase (decrease) in cash and cash equivalents         (153.2) 1.4  
Cash and cash equivalents at beginning of the period   $ 258.4   $ 117.0 258.4 117.0 $ 117.0
Cash and cash equivalents at end of the period $ 105.2   $ 118.4   $ 105.2 $ 118.4 $ 258.4