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Supplementary Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jun. 30, 2018
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Data

As described in Note 2, "Revisions of Previously-Issued Financial Statements", amounts presented below reflect revisions to correct certain immaterial errors related to sales allowance.

 

 

In millions, except per share amounts

 

Quarters Ended

 

 

 

Jun 30,

 

 

Mar 31,

 

 

Dec 31,

 

 

Sep 30,

 

Consolidated Statement of Operations Data:

 

2018

 

 

2018

 

 

2017

 

 

2017

 

Molecular diagnostic testing

 

$

187.6

 

 

$

177.3

 

 

$

177.9

 

 

$

176.5

 

Pharmaceutical and clinical services

 

 

13.3

 

 

 

13.8

 

 

 

14.8

 

 

 

11.4

 

Total Revenue

 

 

200.9

 

 

 

191.1

 

 

 

192.7

 

 

 

187.9

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of molecular diagnostic testing

 

 

38.0

 

 

 

36.8

 

 

 

37.7

 

 

 

36.2

 

Cost of pharmaceutical and clinical services

 

 

7.7

 

 

 

7.3

 

 

 

6.7

 

 

 

6.8

 

Research and development expense

 

 

17.7

 

 

 

18.5

 

 

 

16.8

 

 

 

17.8

 

Change in the fair value of contingent consideration

 

 

0.2

 

 

 

(1.2

)

 

 

13.0

 

 

 

(73.2

)

Selling, general and administrative expense

 

 

121.4

 

 

 

115.1

 

 

 

115.4

 

 

 

115.2

 

Total costs and expenses

 

 

185.0

 

 

 

176.5

 

 

 

189.6

 

 

 

102.8

 

Operating income

 

 

15.9

 

 

 

14.6

 

 

 

3.1

 

 

 

85.1

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

0.5

 

 

 

0.5

 

 

 

0.4

 

 

 

0.4

 

Interest expense

 

 

(1.1

)

 

 

(0.5

)

 

 

(0.7

)

 

 

(0.9

)

Other

 

 

0.8

 

 

 

(0.5

)

 

 

(0.4

)

 

 

(0.3

)

Total other income (expense)

 

 

0.2

 

 

 

(0.5

)

 

 

(0.7

)

 

 

(0.8

)

Income before income taxes

 

 

16.1

 

 

 

14.1

 

 

 

2.4

 

 

 

84.3

 

Income tax provision

 

 

3.0

 

 

 

4.5

 

 

 

(26.3

)

 

 

4.8

 

Net income

 

 

13.1

 

 

 

9.6

 

 

 

28.7

 

 

 

79.5

 

Net loss attributable to non-controlling interest

 

 

-

 

 

 

(0.1

)

 

 

-

 

 

 

(0.1

)

Net income attributable to Myriad Genetics, Inc. stockholders

 

$

13.1

 

 

$

9.7

 

 

$

28.7

 

 

$

79.6

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.19

 

 

$

0.14

 

 

$

0.41

 

 

$

1.16

 

Diluted

 

$

0.18

 

 

$

0.13

 

 

$

0.40

 

 

$

1.13

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

70.1

 

 

 

69.8

 

 

 

69.3

 

 

 

68.6

 

Diluted

 

 

72.9

 

 

 

72.4

 

 

 

71.9

 

 

 

70.4

 

 

 

In millions, except per share amounts

 

Quarters Ended

 

 

 

Jun 30,

 

 

Mar 31,

 

 

Dec 31,

 

 

Sep 30,

 

Consolidated Statement of Operations Data:

 

2017

 

 

2017

 

 

2016

 

 

2016

 

Molecular diagnostic testing

 

$

187.0

 

 

$

183.0

 

 

$

184.1

 

 

$

166.5

 

Pharmaceutical and clinical services

 

 

12.6

 

 

 

11.7

 

 

 

12.6

 

 

 

12.4

 

Total Revenue

 

 

199.6

 

 

 

194.7

 

 

 

196.7

 

 

 

178.9

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of molecular diagnostic testing

 

 

35.6

 

 

 

37.9

 

 

 

37.4

 

 

 

34.3

 

Cost of pharmaceutical and clinical services

 

 

6.9

 

 

 

6.4

 

 

 

7.0

 

 

 

5.7

 

Research and development expense

 

 

18.8

 

 

 

17.6

 

 

 

18.6

 

 

 

19.4

 

Change in contingent consideration

 

 

(2.7

)

 

 

5.2

 

 

 

(3.8

)

 

 

0.5

 

Selling, general and administrative expense

 

 

122.1

 

 

 

122.1

 

 

 

120.3

 

 

 

111.9

 

Total costs and expenses

 

 

180.7

 

 

 

189.2

 

 

 

179.5

 

 

 

171.8

 

Operating income

 

 

18.9

 

 

 

5.5

 

 

 

17.2

 

 

 

7.1

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

Interest Expense

 

 

(1.2

)

 

 

(1.5

)

 

 

(2.6

)

 

 

(0.7

)

Other

 

 

(0.1

)

 

 

1.5

 

 

 

(2.6

)

 

 

(1.8

)

Total other income (expense)

 

 

(1.0

)

 

 

0.3

 

 

 

(4.9

)

 

 

(2.2

)

Income before income taxes

 

 

17.9

 

 

 

5.8

 

 

 

12.3

 

 

 

4.9

 

Income tax provision

 

 

5.8

 

 

 

3.0

 

 

 

6.2

 

 

 

5.6

 

Net income

 

$

12.1

 

 

$

2.8

 

 

$

6.1

 

 

$

(0.7

)

Net loss attributable to non-controlling interest

 

 

(0.2

)

 

 

-

 

 

 

-

 

 

 

-

 

Net income attributable to Myriad Genetics, Inc. stockholders

 

$

12.3

 

 

$

2.8

 

 

$

6.1

 

 

$

(0.7

)

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.18

 

 

$

0.04

 

 

$

0.09

 

 

$

(0.01

)

Diluted

 

$

0.18

 

 

$

0.04

 

 

$

0.09

 

 

$

(0.01

)

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

68.2

 

 

 

68.1

 

 

 

68.2

 

 

 

68.8

 

Diluted

 

 

68.9

 

 

 

68.3

 

 

 

68.3

 

 

 

68.8