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Basis of Presentation (Tables)
6 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Adoption of New Revenue Recognition Standard Revenue Impacted Previously Reported

Adoption of new revenue recognition standard impacted the Company’s previously reported results as follows:

 

 

Three months ended

 

Six months ended

 

 

December 31, 2017

 

December 31, 2017

 

 

As Previously Reported

 

ASC606 Adjustments

 

As Restated

 

As Previously Reported

 

ASC606 Adjustments

 

As Restated

 

Consolidated Statements of Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenue

$

192.7

 

$

(4.8

)

$

187.9

 

$

380.6

 

$

(13.9

)

$

366.7

 

Selling, general and administrative expense

 

115.2

 

 

(7.8

)

 

107.4

 

 

230.4

 

 

(15.8

)

 

214.6

 

Income tax provision

 

(26.2

)

 

0.9

 

 

(25.3

)

 

(21.4

)

 

0.6

 

 

(20.8

)

Net Income attributable to Myriad Genetics, Inc. stockholders

 

28.8

 

 

2.1

 

 

30.9

 

 

108.4

 

 

1.3

 

 

109.7

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.42

 

$

0.03

 

$

0.45

 

$

1.57

 

$

0.02

 

$

1.59

 

Diluted

$

0.40

 

$

0.03

 

$

0.43

 

$

1.52

 

$

0.02

 

$

1.54

 

Consolidated Statements of Cash Flows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income attributable to Myriad Genetics, Inc. stockholders

 

 

 

 

 

 

 

 

 

 

108.4

 

 

1.3

 

$

109.7

 

Trade Accounts Receivable

 

 

 

 

 

 

 

 

 

 

(32.5

)

 

(19.5

)

 

(13.0

)

 

 

June 30, 2018

 

 

As Previously Reported

 

ASC606 Adjustments

 

As Restated

 

Consolidated Balance Sheet:

 

 

 

 

 

 

 

 

 

Trade accounts receivable

$

98.3

 

$

1.2

 

$

99.5

 

Retained Earnings

 

52.9

 

 

1.2

 

 

54.1