Company: MYGN
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000899923-25-000112
Chunk: 20

Company: MYRIAD GENETICS INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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IDIARIES

Condensed Consolidated Statements of Cash Flows (unaudited)

(in millions)Nine months ended September 30,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(358.0)$(84.8)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization41.1 46.4 Non-cash lease expense6.6 6.7 Stock-based compensation expense32.4 38.9 Deferred income taxes— (3.0)Unrecognized tax benefits(31.5)1.2 Impairment of goodwill and long-lived assets316.7 13.6 Gain on termination of lease— (3.1)Gain on acquisition— (2.2)Other non-cash adjustments1.6 1.2 Changes in assets and liabilities:Prepaid expenses and other current assets(3.1)(4.6)Trade accounts receivable3.6 (12.7)Inventory(4.1)(4.9)Prepaid taxes2.6 (0.1)Other assets1.3 (0.2)Accounts payable2.8 5.8 Accrued liabilities(20.8)(13.5)Net cash used in operating activities(8.8)(15.3)CASH FLOWS FROM INVESTING ACTIVITIES:Capital expenditures(10.9)(15.4)Capitalization of intangible assets(10.5)(8.4)Proceeds from the sale of businesses, net of cash sold— 8.8 Proceeds from maturities and sales of marketable investment securities— 9.0 Net cash used in investing activities(21.4)(6.0)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from common stock issued under stock-based compensation plans2.7 3.0 Payment of tax withheld for common stock issued under stock-based compensation plans(6.1)(12.2)Proceeds from revolving credit facility40.0 100.0 Repayment of revolving credit facility(80.5)(100.0)Proceeds from the issuance of secured long-term credit facility125.0 — Fees associated with the issuance of secured long-term credit facility(8.4)— Payment on finance leases(0.3)(0.3)Net