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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Mar. 27, 2021
Mar. 28, 2020
Revenues:        
Product $ 1,378,800,000 $ 623,600,000 $ 2,834,200,000 $ 1,322,900,000
Service and other 158,800,000 132,500,000 313,200,000 283,700,000
Revenues 1,537,600,000 756,100,000 3,147,400,000 1,606,600,000
Costs of revenues:        
Product 300,700,000 223,300,000 585,200,000 460,800,000
Amortization, Cost of Goods Sold 64,500,000 62,900,000 126,100,000 126,500,000
Impairment of intangible assets and equipment 0 0 0 25,800,000
Service and other 86,600,000 74,100,000 170,000,000.0 163,900,000
Gross profit 1,085,800,000 395,800,000 2,266,100,000 829,600,000
Operating expenses:        
Research and development 71,500,000 49,300,000 130,700,000 110,400,000
Selling and marketing 131,500,000 110,600,000 259,500,000 255,400,000
General and administrative 88,900,000 67,000,000.0 180,400,000 154,700,000
Amortization of acquired intangible assets 10,200,000 10,100,000 20,400,000 19,200,000
Impairment of intangible assets and equipment 0 0 0 4,400,000
Contingent consideration fair value adjustments (14,700,000) (500,000) (10,100,000) 400,000
Restructuring and divestiture charges 1,600,000 2,900,000 3,000,000.0 3,900,000
Operating expenses 289,000,000.0 239,400,000 583,900,000 548,400,000
Income from operations 796,800,000 156,400,000 1,682,200,000 281,200,000
Interest income 300,000 1,300,000 700,000 3,500,000
Interest expense (21,300,000) (31,300,000) (49,300,000) (64,100,000)
Debt extinguishment loss 0 0 (21,600,000) 0
Other income (expense), net 4,700,000 (7,500,000) 900,000 (4,200,000)
Income before income taxes 780,500,000 118,900,000 1,612,900,000 216,400,000
Provision (benefit) for income taxes 161,100,000 24,100,000 340,100,000 (264,300,000)
Net income 619,400,000 94,800,000 1,272,800,000 480,700,000
Net loss attributable to noncontrolling interest (500,000) (1,500,000) (1,500,000) (1,800,000)
Net income attributable to Hologic $ 619,900,000 $ 96,300,000 $ 1,274,300,000 $ 482,500,000
Net income per common share attributable to Hologic:        
Basic (in usd per share) $ 2.40 $ 0.37 $ 4.93 $ 1.82
Diluted (in usd per share) $ 2.38 $ 0.36 $ 4.88 $ 1.81
Weighted average number of shares outstanding:        
Basic (in shares) 258,473 263,238 258,539 265,566
Diluted (in shares) 260,749 264,506 261,267 267,114